Southern States Bancshares Inc (SSBK) - Total Assets
Based on the latest financial reports, Southern States Bancshares Inc (SSBK) holds total assets worth $2.85 Billion USD as of March 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Southern States Bancshares Inc - Total Assets Trend (2018–2024)
This chart illustrates how Southern States Bancshares Inc's total assets have evolved over time, based on quarterly financial data. Also see Southern States Bancshares Inc market cap and net worth for the company's overall valuation and market capitalisation.
Southern States Bancshares Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Southern States Bancshares Inc's total assets of $2.85 Billion consist of 10.9% current assets and 89.1% non-current assets. Review debt load of Southern States Bancshares Inc to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.4% |
| Accounts Receivable | $10.11 Million | 0.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $8.94 Million | 0.3% |
| Goodwill | $33.18 Million | 1.2% |
Asset Composition Trend (2018–2024)
This chart illustrates how Southern States Bancshares Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See Southern States Bancshares Inc (SSBK) share price today for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Southern States Bancshares Inc's current assets represent 10.9% of total assets in 2024, an increase from 10.1% in 2018.
- Cash Position: Cash and equivalents constituted 6.4% of total assets in 2024, down from 9.6% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 1.2% of total assets.
Southern States Bancshares Inc Competitors by Total Assets
Key competitors of Southern States Bancshares Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
PT BK CE.AS.ADR/25 RP625
F:BZG
|
Germany | €1586.83 Trillion |
|
Santander Bank Polska S.A.
WAR:SPL
|
Poland | zł308.15 Billion |
|
Banco Santander Chile
NYSE:BSAC
|
USA | $70.32 Trillion |
|
Bank of Baroda
NSE:BANKBARODA
|
India | Rs19.71 Trillion |
|
Turkiye Is Bankasi AS Class C
IS:ISCTR
|
Turkey | TL5.39 Trillion |
|
Ringkjoebing Landbobank A/S
CO:RILBA
|
Denmark | Dkr90.92 Billion |
|
Moneta Money Bank AS
PR:MONET
|
Czech Republic | Kč525.16 Billion |
|
ABSA Bank Limited
JSE:ABSP
|
South Africa | ZAC1.16 Trillion |
Southern States Bancshares Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.12 | 0.16 | 0.17 |
| Quick Ratio | 0.12 | 0.28 | 0.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.16 Billion | $-1.77 Billion | $-954.94 Million |
Southern States Bancshares Inc - Advanced Valuation Insights
This section examines the relationship between Southern States Bancshares Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.24 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | 16.4% |
| Total Assets | $2.85 Billion |
| Market Capitalization | $361.07 Million USD |
Valuation Analysis
Below Book Valuation: The market values Southern States Bancshares Inc's assets below their book value (0.13x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Southern States Bancshares Inc's assets grew by 16.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Southern States Bancshares Inc (2018–2024)
The table below shows the annual total assets of Southern States Bancshares Inc from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.85 Billion | +16.41% |
| 2023-12-31 | $2.45 Billion | +19.65% |
| 2022-12-31 | $2.04 Billion | +14.69% |
| 2021-12-31 | $1.78 Billion | +33.81% |
| 2020-12-31 | $1.33 Billion | +21.64% |
| 2019-12-31 | $1.10 Billion | +23.35% |
| 2018-12-31 | $888.13 Million | -- |
About Southern States Bancshares Inc
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals in the United States. The company offers deposit products, including demand deposits accounts, interest-bearing products, savings accounts, and certificate of deposits. It also provides real estate loan products comprising real estat… Read more