Southern States Bancshares, Inc. Interest Expense in USD from Q2 2020 to Q1 2025

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 Q2 2020 to Q1 2025.
  • Southern States Bancshares, Inc. Interest Expense for the quarter ending March 31, 2025 was $18.3M, a 2.17% 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, Quarterly (USD)
Interest Expense, YoY Quarterly Growth (%)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)

Southern States Bancshares, Inc. Quarterly Interest Expense (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q1 2025 $18.3M +$388K +2.17% Jan 1, 2025 Mar 31, 2025 10-Q 2025-05-05
Q2 2024 $67.6M $19.4M +$6.68M +52.3% Apr 1, 2024 Jun 30, 2024 10-Q 2024-08-14
Q1 2024 $60.9M $17.9M +$8.74M +95.5% Jan 1, 2024 Mar 31, 2024 10-Q 2025-05-05
Q4 2023 $52.1M $15.8M +$9.95M +171% Oct 1, 2023 Dec 31, 2023 10-K 2024-03-14
Q3 2023 $42.2M $14.5M +$11.4M +369% Jul 1, 2023 Sep 30, 2023 10-Q 2023-11-14
Q2 2023 $30.8M $12.8M +$11.4M +819% Apr 1, 2023 Jun 30, 2023 10-Q 2024-08-14
Q1 2023 $19.4M $9.15M +$7.94M +651% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-14
Q4 2022 $11.5M $5.82M +$4.75M +442% Oct 1, 2022 Dec 31, 2022 10-K 2024-03-14
Q3 2022 $6.77M $3.09M +$1.99M +182% Jul 1, 2022 Sep 30, 2022 10-Q 2023-11-14
Q2 2022 $4.77M $1.39M +$85K +6.53% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-14
Q1 2022 $4.69M $1.22M -$175K -12.6% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-15
Q4 2021 $4.86M $1.08M Oct 1, 2021 Dec 31, 2021 10-K 2023-03-14
Q3 2021 $1.09M -$820K -42.8% Jul 1, 2021 Sep 30, 2021 10-Q 2022-11-10
Q2 2021 $1.3M -$1.19M -47.7% Apr 1, 2021 Jun 30, 2021 10-Q 2022-08-12
Q1 2021 $1.39M Jan 1, 2021 Mar 31, 2021 10-Q 2022-05-13
Q3 2020 $1.91M Jul 1, 2020 Sep 30, 2020 10-Q 2021-11-12
Q2 2020 $2.49M Apr 1, 2020 Jun 30, 2020 10-Q 2021-09-24

Southern States Bancshares, Inc. Annual Interest Expense (USD)

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.