Southern States Bancshares IncNASDAQ SSBK Stock Report

Southern States Bancshares, Inc. is a bank holding company. The Company’s operate through its subsidiary, Southern States Bank (the Bank). The Bank 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 its communities. It is engaged in commercial and retail banking. The Company, through the Bank, is engaged in the business of banking, which consists primarily of accepting deposits from the public and making loans and other investments. Its principal sources of funds for loans and investments at the Bank are demand, time, savings and other deposits, and the amortization and prepayments of loans and investments. Its principal sources of income are interest and fees collected on loans, interest and dividends collected on other investments, fees earned from the origination and sale of residential mortgage loans, small business administration fees and service charges.