SouthState Bank, National Association
Winter Haven, Florida, Polk County
$68.8B in total assets, the 43rd largest of 4,309 US banks and 1st of 84 headquartered in Florida.
- FDIC certificate
- 33555
- Established
- 1992
- Owned by
- Southstate Bank Corp
- Primary regulator
- OCC
- Website
- www.southstatebank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $68.8B | 92% | $22.4B | |
| Loans | $51.3B | 94% | $14.4B | |
| Deposits | $56.4B | 92% | $18.0B | |
| Return on assets | 1.50% | 75% | 1.29% | |
| Net interest margin | 3.86% | 68% | 3.61% | |
| Efficiency ratio | 49.6% | 31% | 55.2% | |
| Equity to assets | 14.10% | 85% | 11.57% | |
| Loans to deposits | 91% | 67% | 87% |
Growth
Total assets grew 11.3% a year over the last 5 years and 30.0% a year over 10 years, including 11 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2025 | Independent Bank Mckinney, TX | $17.5B |
| Mar 2022 | Atlantic Capital Bank, National Association Atlanta, GA | $3.8B |
| Jun 2020 | South State Bank Columbia, SC, an affiliate under the same holding company | $16.6B |
| Apr 2019 | National Bank of Commerce Birmingham, AL | $4.3B |
| Sep 2018 | CharterBank West Point, GA | $1.6B |
| Jan 2018 | Harbor Community Bank Fort Pierce, FL | $2.2B |
| Jan 2018 | Sunshine Bank Plant City, FL | $945M |
| May 2017 | Gateway Bank of Florida Daytona Beach, FL | $290M |
| May 2017 | Gateway Bank of Central Florida Ocala, FL | $277M |
| May 2017 | Gateway Bank of Southwest Florida Sarasota, FL | $309M |
| Apr 2017 | Platinum Bank Brandon, FL | $606M |
| Mar 2016 | 1st National Bank of South Florida Homestead, FL | $331M |
| Mar 2016 | Community Bank of Florida, Inc. Homestead, FL | $485M |
| Jul 2015 | SouthBank, a Federal Savings Bank Palm Beach Gardens, FL | $19M |
| Jun 2014 | First Southern Bank Boca Raton, FL | $1.0B |
| Jan 2014 | Gulfstream Business Bank Stuart, FL | $543M |
| Jun 2012 | Valrico State Bank Valrico, FL | $193M |
| Jan 2012 | First Guaranty Bank and Trust Company of Jacksonville Jacksonville, FL | $397M |
| Jan 2012 | Central Florida State Bank Belleview, FL | $71M |
| Nov 2011 | Federal Trust Bank Sanford, FL | $322M |
| Dec 2010 | Centerstate Bank Central Florida, National Association Kissimmee, FL | $294M |
| Dec 2010 | CENTERSTATE BANK, NATIONAL ASSOCIATION Zephyrhills, FL | $372M |
| Aug 2010 | Community National Bank at Bartow Bartow, FL | $68M |
| Aug 2010 | Independent National Bank Ocala, FL | $156M |
| Jul 2010 | Olde Cypress Community Bank Clewiston, FL | $161M |
| Jan 2009 | Ocala National Bank Ocala, FL | $219M |
| Jan 2006 | CenterState Bank of Florida Winter Haven, FL | $181M |
Where they operate
348 branches in 126 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Polk County, FL | $7.9B | 48.0% | 1 of 16 |
| Fulton County, GA | $3.8B | 2.8% | 7 of 46 |
| Collin County, TX | $2.5B | 6.3% | 5 of 70 |
| Charleston County, SC | $2.3B | 11.5% | 3 of 32 |
| Harris County, TX | $1.1B | 0.4% | 23 of 87 |
| Greenville County, SC | $997M | 5.5% | 8 of 36 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 293 branches since 2016 (55 to 348, +532.7%). 19 opened, 360 acquired, 86 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 55 | |||
| 2016 | Acquired 1st National Bank of South Florida and Community Bank of Florida, Inc.Opened 3 in Florida | 12 | 0 | +12 | 67 |
| 2017 | Acquired 4 banksBought 1 branch from CenterState Bank of Florida, opened Jacksonville and Palm Coast, closed 4 in Florida | 15 | 4 | +11 | 78 |
| 2018 | Acquired 3 banksBought 3 branches from Jefferson Bank of Florida, opened Valley and West Point, closed 4 in 2 states | 54 | 4 | +50 | 128 |
| 2019 | Acquired National Bank of CommerceBought 4 branches from Premier Community Bank of Florida, bought 3 branches from First Landmark Bank, sold 1 branch to DLP Bank, opened 3 in 2 states, closed 15 in 3 states | 38 | 16 | +22 | 150 |
| 2020 | Acquired South State BankOpened 3 in 3 states, closed 19 in 5 states | 159 | 19 | +140 | 290 |
| 2021 | Sold 1 branch to DLP BankOpened Tampa, closed 5 in 2 states | 1 | 6 | −5 | 285 |
| 2022 | Acquired Atlantic Capital Bank, National AssociationClosed 34 in 5 states | 3 | 34 | −31 | 254 |
| 2025 | Acquired Independent BankOpened 3 in Texas, closed Dallas and Oldsmar | 95 | 2 | +93 | 347 |
| 2026 through Q2 | Opened Virginia Beach and West Palm BeachClosed Simpsonville | 2 | 1 | +1 | 348 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 44% | 25% | |
| 1-4 family residential | 24% | 21% | |
| Business (C&I) | 14% | 17% | |
| Construction and land | 6% | 6% | |
| Multifamily | 5% | 8% | |
| Consumer | 2% | 10% | |
| Other | 5% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 62% | 62% | |
| Noninterest-bearing | 24% | 20% | |
| Time deposits | 14% | 18% |
Brokered deposits are 8.7% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.43% | 0.63% |
| Net charge-offs, annualized | 0.07% | 0.14% |
| Reserves to loans | 1.14% | 1.15% |
| Leverage ratio | 10.28% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Florida
Largest competitors in Polk County, FL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/southstate