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PARENT COMPANY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIAL INFORMATION PARENT COMPANY FINANCIAL INFORMATION
The following information presents the condensed balance sheets of Southern States Bancshares, Inc. as of December 31, 2021 and 2020, and the condensed statements of income and cash flows for the years then ended.
CONDENSED BALANCE SHEET20212020
Assets:
Cash$399 $161 
Investment in subsidiary188,503 152,671 
Other assets794 319 
Total assets189,696 153,151 
Liabilities and stockholders’ equity:
Other borrowings$12,498 $7,975 
Subordinated debt
— 4,493 
Accrued interest— 27 
Total liabilities12,498 12,495 
Stockholders’ equity177,198 140,656 
Total liabilities and stockholders’ equity
$189,696 $153,151 
CONDENSED STATEMENTS OF INCOME20212020
Income
Dividend income from subsidiary$2,826 $1,842 
2,826 1,842 
Expense
Interest expense412 675 
Other1,054 847 
1,466 1,522 
Income before income tax benefits and equity in undistributed earnings of subsidiary1,360 320 
Income tax benefits
294 320 
Income before equity in undistributed earnings of subsidiary1,654 640 
Equity in undistributed earnings of subsidiary
16,913 11,467 
Net income
$18,567 $12,107 
NOTE 19.    PARENT COMPANY FINANCIAL INFORMATION (Continued)
CONDENSED STATEMENTS OF CASH FLOW20212020
OPERATING ACTIVITIES
Net income $18,567 $12,107 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary(16,913)(11,467)
Stock-based compensation825 739 
(Decrease) increase in accrued interest payable(27)15 
Net other operating expenses(84)(87)
Net cash provided by operating activities2,368 1,307 
INVESTING ACTIVITIES
Investment in equity securities(360)— 
Net cash used in investing activities(360)— 
FINANCING ACTIVITIES
Net proceeds of note payable4,500 — 
Repayment of subordinated notes(4,500)— 
Issuance of common stock21,123 86 
Capital contribution to subsidiary(20,000)— 
Common stock dividends paid(2,892)(1,842)
Net cash used in financing activities(1,769)(1,756)
Net increase (decrease) in cash239 (449)
Cash at beginning of year161 610 
Cash at end of year$400 $161