Southern States Bancshares (Southern States Bancshares) Net Charge Offs to Average Loans % : 0.08% (As of Dec. 2023)

Southern States Bancshares Net Charge Offs to Average Loans % Chart

Southern States BancsharesQuarterly Data
	Trend	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Capital Adequacy Tier - Tier 1 Ratio %		Get a 7-Day Free Trial
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Competitive Comparison of Southern States Bancshares's Net Charge Offs to Average Loans %

For the Banks - Regional subindustry, Southern States Bancshares's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern States Bancshares  (NAS:SSBK) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

* 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.

Southern States Bancshares  (NAS:SSBK) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

Southern States Bancshares Net Charge Offs to Average Loans % Related Terms

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Southern States Bancshares (Southern States Bancshares) Business Description