Southern States Bancshares, Inc. Annual Interest Expense in USD from 2020 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Southern States Bancshares, Inc. quarterly/annual Interest Expense history and growth rate from 2020 to 2023.
  • Southern States Bancshares, Inc. Interest Expense for the quarter ending June 30, 2024 was $19.4M, a 52.3% increase year-over-year.
  • Southern States Bancshares, Inc. Interest Expense for the twelve months ending June 30, 2024 was $67.6M, a 119% increase year-over-year.
  • Southern States Bancshares, Inc. annual Interest Expense for 2023 was $52.1M, a 353% increase from 2022.
  • Southern States Bancshares, Inc. annual Interest Expense for 2022 was $11.5M, a 137% increase from 2021.
  • Southern States Bancshares, Inc. annual Interest Expense for 2021 was $4.86M, a 44.1% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $52.1M +$40.6M +353% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-14
2022 $11.5M +$6.65M +137% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-14
2021 $4.86M -$3.84M -44.1% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-14
2020 $8.71M Jan 1, 2020 Dec 31, 2020 10-K 2022-03-18
* An asterisk sign (*) next to the value indicates that the value is likely invalid.