Southern States Bancshares, Inc. Income Statement

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Financial Statements

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Interest income:
Loans, including fees
Taxable securities
Nontaxable securities
Other interest and dividends
Total interest income
Interest expense:
Deposits
Other borrowings
Total interest expense
Net interest income
Provision for credit losses
Net interest income after provision for credit losses
Noninterest income:
Service charges on deposit accounts
Swap fees
SBA/USDA fees
Mortgage origination fees
Net gain on securities
Employee retention credit
Other operating income
Total noninterest income
Noninterest expenses:
Salaries and employee benefits
Equipment and occupancy expenses
Data processing fees
Regulatory assessments
Professional fees related to ERC
Merger-related expenses
Other operating expenses
Total noninterest expenses
Income before income taxes
Income tax expense
Net income
Basic earnings per share (in dollars per share)
Dilutive earnings per share (in dollars per share)

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