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  "documentTitle": "Southern States Bancshares | IPO Presentation Deck | 27 slides",
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  "authorName": "Southern States Bancshares",
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  "presentationDate": "2021-07-01 00:00:00",
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      "text": "Strong balance sheet growth driven by continued deposit inflows and footprint-wide commercial lending efforts. Core annualized net loan growth, excluding PPP credits, of 14.8% from March 31, 2021 to June 30, 2021 and of 16.0% from June 30, 2020 to June 30, 2021. Realized net income of $3.9 million for the three months ended June 30, 2021, compared to $2.9 million for the three months ended June 30, 2020, driven primarily by robust loan growth. As of June 30, 2021, we have $37.7 million of PPP loans remaining and 1 loan on deferral with a balance of $3.1 million. We redeemed $4.5 million of subordinated debt with a fixed-rate coupon of 6.625% using proceeds from our holding company line of credit with a rate of 3-month LIBOR plus 250 bps",
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      "text": "Source: Company Documents. Preliminary and subject to review and finalization. See Important Notices and Disclaimers. Note: Q2 '21 core metrics exclude PPP fees and associated expenses...",
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      "text": "Q2 '21 Unaudited Preliminary Financial Results",
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      "text": "Recent Developments",
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