Southern States Bancshares (FRA:6U2) Credit Losses Provision : €5.66 Mil (As of Mar. 2024)

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What is Southern States Bancshares Credit Losses Provision?

Southern States Bancshares's credit losses provision for the three months ended in Mar. 2024 was €1.14 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €5.66 Mil.

Southern States Bancshares's quarterly credit losses provision increased from Sep. 2023 (€0.72 Mil) to Dec. 2023 (€2.37 Mil) but then declined from Dec. 2023 (€2.37 Mil) to Mar. 2024 (€1.14 Mil).

Southern States Bancshares's annual credit losses provision increased from Dec. 2021 (€2.64 Mil) to Dec. 2022 (€5.29 Mil) and increased from Dec. 2022 (€5.29 Mil) to Dec. 2023 (€5.59 Mil).

Southern States Bancshares Credit Losses Provision Historical Data

The historical data trend for Southern States Bancshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southern States Bancshares Credit Losses Provision Chart

Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

5.13

2.71

2.64

5.29

5.59

Southern States Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial													1.10	1.44	0.72	2.37	1.14

Southern States Bancshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €5.66 Mil.

Southern States Bancshares (FRA:6U2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (FRA:6U2) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

SSBK:USA

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc is a full service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in communities.

Southern States Bancshares (FRA:6U2) Headlines

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