ADDED
ACL Allowance for credit losses EVE Economic value of equity AFS Available-for-sale FASB Financial Accounting Standards Board AI Artificial intelligence FDIA Federal Deposit Insurance Act ALCO Asset Liability Management Committee FDIC Federal Deposit Insurance Corporation AML U.S.
anti-money laundering law FDM Financial difficulty modification AOCI Accumulated other comprehensive income Federal Reserve Board of Governors of the Federal Reserve System ASC Accounting Standard Codification FHLB Federal Home Loan Bank ASU Accounting Standard Update FRA Federal Reserve Act Bank FirstBank, subsidiary bank GAAP U.S.
Securities and Exchange Commission DIF Deposit Insurance Fund SOFR Secured overnight financing rate Dodd-Frank Act Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 Southern States Southern States Bancshares, Inc.
EPS Earnings per share TDFI Tennessee Department of Financial Institutions ESPP Employee Stock Purchase Plan U.S.
These forward-looking statements include, without limitation, statements regarding the Company s future plans, results, strategies, and expectations, including expectations around changing economic markets.
Our wholly-owned bank subsidiary is FirstBank which provides a comprehensive suite of commercial and consumer banking services to clients in select markets primarily in Tennessee, Alabama, Kentucky, Georgia, and North Carolina.
As of December 31, 2025, our footprint included 90 full-service branches serving markets across Tennessee, including Nashville, Chattanooga, Knoxville, Memphis, and Jackson in addition to Bowling Green, Kentucky, Columbus and Newnan, Georgia and Birmingham, Anniston, Huntsville, and Auburn, Alabama.
Additionally, our banking services extend to community markets throughout our footprint.
As of December 31, 2025, we had total assets of $16.30 billion, loans held for investment of $12.38 billion, total deposits of $13.91 billion, and total common shareholders equity of $1.95 billion.
The Bank grew from a community bank with only $14 million in assets in 1984 to total assets of $16.30 billion at December 31, 2025.
REMOVED
ACL Allowance for credit losses FDIA Federal Deposit Insurance Act AFS Available-for-sale FDIC Federal Deposit Insurance Corporation AI Artificial intelligence FDM Financial difficulty modification ALCO Asset Liability Management Committee Federal Reserve Board of Governors of the Federal Reserve System AOCI Accumulated other comprehensive income FHLB Federal Home Loan Bank ASC Accounting Standard Codification FRA Federal Reserve Act ASU Accounting Standard Update GAAP U.S.
Securities and Exchange Commission EPS Earnings per share SOFR Secured overnight financing rate ESPP Employee Stock Purchase Plan TDFI Tennessee Department of Financial Institutions EVE Economic value of equity U.S.
These forward-looking statements include, without limitation, statements regarding the Company s future plans, results, strategies, and expectations, including but not limited to expectations around changing economic markets.
Our wholly-owned bank subsidiary is FirstBank which provides a comprehensive suite of commercial and consumer banking services to clients in select markets primarily in Tennessee, Kentucky, Alabama and North Georgia.
As of December 31, 2024, our footprint included 77 full-service bank branches and several other limited service banking, ATM and mortgage loan production locations serving the Tennessee metropolitan markets of Nashville, Chattanooga (including North Georgia), Knoxville, Memphis, and Jackson in addition to the metropolitan markets of Birmingham, Florence and Huntsville, Alabama and Bowling Green, Kentucky.
During the year ended December 31, 2024, the Company announced expansions into the Tuscaloosa, Alabama and Asheville, North Carolina markets.
As of December 31, 2024, we had total assets of $13.16 billion, loans held for investment of $9.60 billion, total deposits of $11.21 billion, and total common shareholders equity of $1.57 billion.
The Bank grew from a community bank with only $14 million in assets in 1984 to total assets of $13.16 billion at December 31, 2024.
During 2024, we continued to augment our growth into Central Alabama by announcing expansion into the Tuscaloosa market, as well as entering into the Asheville, North Carolina market.
Our markets Our market footprint is the southeastern United States, centered around Tennessee, and includes portions of Alabama, North Georgia and Kentucky.