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PARENT COMPANY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023, and the condensed statements of income and cash flows for the years then ended.

CONDENSED BALANCE SHEETDecember 31, 2024December 31, 2023
Assets:
   Cash$9,582 $14,967 
   Investment in subsidiary358,666 284,232 
   Other assets4,250 3,529 
      Total assets372,498 302,728 
Liabilities and stockholders’ equity:
   Other borrowings$(21)$(6)
   Subordinated notes
91,245 86,679 
 Other liabilities1,385 1,091 
      Total liabilities92,609 87,764 
   Stockholders’ equity279,889 214,964 
      Total liabilities and stockholders’ equity$372,498 $302,728 
CONDENSED STATEMENTS OF INCOMEFor the Years Ended
20242023
Income
   Dividend income from subsidiary$3,701 $3,150 
   Dividend income from equity securities— (5)
   Gain on equity securities147 574 
3,848 3,719 
Expense
   Interest expense5,039 4,903 
   Other1,905 2,100 
6,944 7,003 
Loss before income tax benefits and equity in undistributed earnings of subsidiary
(3,096)(3,284)
Income tax benefits1,619 1,530 
   Loss before equity in undistributed earnings of subsidiary
(1,477)(1,754)
Equity in undistributed earnings of subsidiary36,345 33,706 
         Net income$34,868 $31,952 
CONDENSED STATEMENTS OF CASH FLOWFor the Years Ended
20242023
OPERATING ACTIVITIES
   Net income $34,868 $31,952 
   Adjustments to reconcile net income to net cash used in operating activities:
      Equity in undistributed earnings of subsidiary(36,345)(33,706)
       Stock-based compensation1,010 870 
       Decrease in accrued interest payable(8)(3)
       Net other operating expenses(176)(589)
        Net cash used in operating activities(651)(1,476)
INVESTING ACTIVITIES
    Cash paid in acquisition(1,323)— 
    Investment in equity securities(174)(1,094)
         Net cash used in investing activities(1,497)(1,094)
FINANCING ACTIVITIES
Net (repayment) proceeds of note payable(15)13 
Net (repayment) proceeds of subordinated notes(352)365 
   Issuance of common stock446 1,563 
Issuance of restricted stock units— 363 
Purchase of common stock— (979)
   Common stock dividends paid(3,316)(3,193)
         Net cash used in financing activities(3,237)(1,868)
Net decrease in cash(5,385)(4,438)
Cash at beginning of year14,967 19,405 
Cash at end of year$9,582 $14,967