10-Q 1 ssb-20220630x10q.htm 10-Q
http://fasb.org/us-gaap/2021-01-31#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2021-01-31#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2021-01-31#MeasurementInputDiscountRateMemberhttp://fasb.org/us-gaap/2021-01-31#MeasurementInputDiscountRateMemberhttp://fasb.org/us-gaap/2021-01-31#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2021-01-31#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2021-01-31#MeasurementInputCostToSellMemberhttp://fasb.org/us-gaap/2021-01-31#MeasurementInputCostToSellMember69332297756413220000764038false--12-312022Q2P2Y00P1YP2YP21Y00000764038ssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2022-01-012022-06-300000764038ssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2021-01-012021-12-310000764038us-gaap:OtherDebtSecuritiesMember2022-06-300000764038ssb:OtherResidentialMortgageIssuedOrGuaranteedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2022-06-300000764038us-gaap:OtherDebtSecuritiesMember2021-12-310000764038ssb:OtherResidentialMortgageIssuedOrGuaranteedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2021-12-310000764038ssb:StockRepurchaseProgram2022Member2022-06-300000764038ssb:StockRepurchaseProgram2021Member2022-06-300000764038ssb:StockRepurchaseProgram2022Member2022-04-270000764038ssb:StockRepurchaseProgram2021Member2021-01-270000764038ssb:StockRepurchaseProgram2022Member2022-04-272022-04-270000764038ssb:StockRepurchaseProgram2021Member2022-04-012022-06-300000764038ssb:StockRepurchaseProgram2021Member2022-01-012022-06-300000764038ssb:StockRepurchaseProgram2021Member2021-01-272022-06-300000764038us-gaap:RetainedEarningsMember2022-06-300000764038us-gaap:AdditionalPaidInCapitalMember2022-06-300000764038us-gaap:RetainedEarningsMember2022-03-310000764038us-gaap:AdditionalPaidInCapitalMember2022-03-310000764038us-gaap:RetainedEarningsMember2021-12-310000764038us-gaap:AdditionalPaidInCapitalMember2021-12-310000764038us-gaap:RetainedEarningsMember2021-06-300000764038us-gaap:AdditionalPaidInCapitalMember2021-06-300000764038us-gaap:RetainedEarningsMember2021-03-310000764038us-gaap:AdditionalPaidInCapitalMember2021-03-310000764038us-gaap:RetainedEarningsMember2020-12-310000764038us-gaap:AdditionalPaidInCapitalMember2020-12-310000764038us-gaap:EmployeeStockOptionMember2021-12-310000764038ssb:Plan2019Member2020-10-302022-06-300000764038ssb:Plan2012Member2019-02-022022-06-300000764038ssb:Plan2004Member2012-01-272022-06-300000764038ssb:Plan2020Member2022-06-300000764038us-gaap:RestrictedStockUnitsRSUMember2021-12-310000764038us-gaap:RestrictedStockMember2021-12-310000764038us-gaap:RestrictedStockMemberus-gaap:ShareBasedPaymentArrangementNonemployeeMember2022-01-012022-06-300000764038us-gaap:RestrictedStockMemberus-gaap:ShareBasedPaymentArrangementEmployeeMember2022-01-012022-06-300000764038srt:MinimumMemberssb:TimedBasedRestrictedStockUnitsMember2022-01-012022-06-300000764038srt:MaximumMemberssb:TimedBasedRestrictedStockUnitsMember2022-01-012022-06-300000764038us-gaap:MortgageBankingMember2022-04-012022-06-300000764038us-gaap:FiduciaryAndTrustMember2022-04-012022-06-300000764038us-gaap:DepositAccountMember2022-04-012022-06-300000764038ssb:SmallBusinessAdministrationIncomeMember2022-04-012022-06-300000764038ssb:CorrespondentBankingAndCapitalMarketIncomeMember2022-04-012022-06-300000764038us-gaap:MortgageBankingMember2022-01-012022-06-300000764038us-gaap:FiduciaryAndTrustMember2022-01-012022-06-300000764038us-gaap:DepositAccountMember2022-01-012022-06-300000764038ssb:SmallBusinessAdministrationIncomeMember2022-01-012022-06-300000764038ssb:CorrespondentBankingAndCapitalMarketIncomeMember2022-01-012022-06-300000764038us-gaap:MortgageBankingMember2021-04-012021-06-300000764038us-gaap:FiduciaryAndTrustMember2021-04-012021-06-300000764038us-gaap:DepositAccountMember2021-04-012021-06-300000764038ssb:SmallBusinessAdministrationIncomeMember2021-04-012021-06-300000764038ssb:CorrespondentBankingAndCapitalMarketIncomeMember2021-04-012021-06-300000764038us-gaap:MortgageBankingMember2021-01-012021-06-300000764038us-gaap:FiduciaryAndTrustMember2021-01-012021-06-300000764038us-gaap:DepositAccountMember2021-01-012021-06-300000764038ssb:SmallBusinessAdministrationIncomeMember2021-01-012021-06-300000764038ssb:CorrespondentBankingAndCapitalMarketIncomeMember2021-01-012021-06-300000764038us-gaap:UnfundedLoanCommitmentMember2022-04-012022-06-300000764038ssb:FinancialServiceProductSevenMember2022-04-012022-06-300000764038ssb:FinancialServiceProductEightMember2022-04-012022-06-300000764038us-gaap:UnfundedLoanCommitmentMember2022-01-012022-06-300000764038ssb:FinancialServiceProductSevenMember2022-01-012022-06-300000764038ssb:FinancialServiceProductEightMember2022-01-012022-06-300000764038us-gaap:UnfundedLoanCommitmentMember2021-04-012021-06-300000764038ssb:FinancialServiceProductFourMember2021-04-012021-06-300000764038ssb:FinancialServiceProductEightMember2021-04-012021-06-300000764038us-gaap:UnfundedLoanCommitmentMember2021-01-012021-06-300000764038ssb:FinancialServiceProductEightMember2021-01-012021-06-300000764038ssb:OtherRealEstateOwnedMember2022-01-012022-06-300000764038ssb:BankPremisesHeldForSaleMember2022-01-012022-06-300000764038ssb:OtherRealEstateOwnedMember2022-06-300000764038ssb:BankPremisesHeldForSaleMember2022-06-300000764038ssb:OtherRealEstateOwnedMember2021-12-310000764038ssb:BankPremisesHeldForSaleMember2021-12-310000764038us-gaap:MajorityOwnedSubsidiaryUnconsolidatedMember2022-06-300000764038us-gaap:InvestmentInFederalHomeLoanBankStockMember2022-06-300000764038us-gaap:FederalReserveBankAdvancesMember2022-06-300000764038ssb:OtherNonmarketableInvestmentSecuritiesMember2022-06-300000764038us-gaap:MajorityOwnedSubsidiaryUnconsolidatedMember2021-12-310000764038us-gaap:InvestmentInFederalHomeLoanBankStockMember2021-12-310000764038us-gaap:FederalReserveBankAdvancesMember2021-12-310000764038ssb:OtherNonmarketableInvestmentSecuritiesMember2021-12-310000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-04-012022-06-300000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-04-012021-06-300000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000764038us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000764038us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:OtherRealEstateMember2022-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:ImpairedLoansMember2022-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:OtherRealEstateMember2021-12-310000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:ImpairedLoansMember2021-12-310000764038srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:OtherRealEstateMember2022-06-300000764038srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:ImpairedLoansMember2022-06-300000764038srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:OtherRealEstateMember2021-12-310000764038srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberssb:ImpairedLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialNonOwnerOccupiedRealEstateLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialNonOwnerOccupiedRealEstateLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:OtherLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:ConsumerLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038ssb:ConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038ssb:ConsumerLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038ssb:ConsumerLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000764038us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:FinancialAssetPastDueMember2022-06-300000764038us-gaap:FinancialAssetNotPastDueMember2022-06-300000764038ssb:OtherLoansMember2022-06-300000764038ssb:NonAcquiredLoansMember2022-06-300000764038ssb:AcquiredPurchasedCreditDeterioratedLoansMember2022-06-300000764038ssb:AcquiredNonPurchasedCreditDeterioratedLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:OtherLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:ConsumerLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038ssb:ConsumerLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038ssb:ConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038ssb:ConsumerLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038ssb:ConsumerLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000764038us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:FinancialAssetPastDueMember2021-12-310000764038us-gaap:FinancialAssetNotPastDueMember2021-12-310000764038ssb:OtherLoansMember2021-12-310000764038ssb:NonAcquiredLoansMember2021-12-310000764038ssb:AcquiredPurchasedCreditDeterioratedLoansMember2021-12-310000764038ssb:AcquiredNonPurchasedCreditDeterioratedLoansMember2021-12-310000764038ssb:MortgageServicingRightCommitmentsMember2022-06-300000764038ssb:MortgageLoanPipelineMember2022-06-300000764038ssb:ExpectedClosuresMember2022-06-300000764038ssb:MortgageServicingRightCommitmentsMember2021-12-310000764038ssb:MortgageLoanPipelineMember2021-12-310000764038ssb:ExpectedClosuresMember2021-12-310000764038srt:MaximumMember2022-06-300000764038us-gaap:FairValueInputsLevel2Member2022-01-012022-06-300000764038us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-01-012022-06-300000764038us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-01-012022-06-300000764038ssb:AtlanticCapitalBancsharesIncMember2022-03-310000764038ssb:DuncanWilliamsInc.Member2021-02-010000764038us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-04-012021-06-300000764038us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:PassMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMember2022-06-300000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberssb:ConsumerLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherIncomeProducingPropertyLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:ConsumerOwnerOccupiedLoansMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMember2021-12-310000764038us-gaap:ConstructionLoansMemberus-gaap:ExtendedMaturityMember2022-01-012022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038ssb:OtherCommercialNonOwnerOccupiedRealEstateMemberus-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMemberus-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038ssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:ExtendedMaturityMember2022-01-012022-06-300000764038ssb:CommercialOwnerOccupiedRealEstateLoansMemberus-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMemberus-gaap:ContractualInterestRateReductionMember2021-01-012021-06-300000764038ssb:CommercialAndIndustrialLoansMemberus-gaap:ExtendedMaturityMember2021-01-012021-06-300000764038us-gaap:ExtendedMaturityMember2021-01-012021-06-300000764038us-gaap:ContractualInterestRateReductionMember2021-01-012021-06-300000764038ssb:FinancialServiceProductTwoMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductThreeMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductTenMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductSixMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductSevenMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductOneMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductOneMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductNineMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductNineMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductFourMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductFiveMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductFiveMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductElevenMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductElevenMemberus-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-06-300000764038us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember2022-06-300000764038ssb:FinancialServiceProductTwoMember2022-03-310000764038ssb:FinancialServiceProductThreeMember2022-03-310000764038ssb:FinancialServiceProductTenMember2022-03-310000764038ssb:FinancialServiceProductSixMember2022-03-310000764038ssb:FinancialServiceProductSevenMember2022-03-310000764038ssb:FinancialServiceProductOneMember2022-03-310000764038ssb:FinancialServiceProductNineMember2022-03-310000764038ssb:FinancialServiceProductFourMember2022-03-310000764038ssb:FinancialServiceProductFiveMember2022-03-310000764038ssb:FinancialServiceProductElevenMember2022-03-310000764038ssb:FinancialServiceProductEightMember2022-03-3100007640382022-03-310000764038ssb:FinancialServiceProductTwoMember2021-12-310000764038ssb:FinancialServiceProductThreeMember2021-12-310000764038ssb:FinancialServiceProductTenMember2021-12-310000764038ssb:FinancialServiceProductSixMember2021-12-310000764038ssb:FinancialServiceProductSevenMember2021-12-310000764038ssb:FinancialServiceProductOneMember2021-12-310000764038ssb:FinancialServiceProductNineMember2021-12-310000764038ssb:FinancialServiceProductFourMember2021-12-310000764038ssb:FinancialServiceProductFiveMember2021-12-310000764038ssb:FinancialServiceProductElevenMember2021-12-310000764038ssb:FinancialServiceProductEightMember2021-12-310000764038ssb:FinancialServiceProductTwoMember2021-03-310000764038ssb:FinancialServiceProductThreeMember2021-03-310000764038ssb:FinancialServiceProductTenMember2021-03-310000764038ssb:FinancialServiceProductSixMember2021-03-310000764038ssb:FinancialServiceProductSevenMember2021-03-310000764038ssb:FinancialServiceProductOneMember2021-03-310000764038ssb:FinancialServiceProductNineMember2021-03-310000764038ssb:FinancialServiceProductFourMember2021-03-310000764038ssb:FinancialServiceProductFiveMember2021-03-310000764038ssb:FinancialServiceProductElevenMember2021-03-310000764038ssb:FinancialServiceProductEightMember2021-03-3100007640382021-03-310000764038ssb:FinancialServiceProductTwoMember2020-12-310000764038ssb:FinancialServiceProductThreeMember2020-12-310000764038ssb:FinancialServiceProductTenMember2020-12-310000764038ssb:FinancialServiceProductSixMember2020-12-310000764038ssb:FinancialServiceProductSevenMember2020-12-310000764038ssb:FinancialServiceProductOneMember2020-12-310000764038ssb:FinancialServiceProductNineMember2020-12-310000764038ssb:FinancialServiceProductFourMember2020-12-310000764038ssb:FinancialServiceProductFiveMember2020-12-310000764038ssb:FinancialServiceProductElevenMember2020-12-310000764038ssb:FinancialServiceProductEightMember2020-12-310000764038us-gaap:FairValueInputsLevel3Member2022-01-012022-06-300000764038us-gaap:EmployeeStockOptionMember2022-06-300000764038us-gaap:RestrictedStockUnitsRSUMember2022-06-300000764038us-gaap:RestrictedStockMember2022-06-300000764038us-gaap:RetainedEarningsMember2022-04-012022-06-300000764038us-gaap:RetainedEarningsMember2022-01-012022-06-300000764038us-gaap:RetainedEarningsMember2021-04-012021-06-300000764038us-gaap:RetainedEarningsMember2021-01-012021-06-300000764038ssb:CounterpartyMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2022-06-300000764038ssb:CounterpartyMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-06-300000764038ssb:BorrowerMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-06-300000764038us-gaap:OtherAssetsMemberssb:MortgageServicingRightCommitmentsMemberus-gaap:NondesignatedMember2022-06-300000764038ssb:OtherAssetsAndOtherLiabilitiesMemberssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2022-06-300000764038ssb:CounterpartyMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2022-06-300000764038ssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2022-06-300000764038us-gaap:InterestRateContractMember2022-06-300000764038ssb:CounterpartyMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2021-12-310000764038ssb:CounterpartyMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-12-310000764038ssb:BorrowerMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-12-310000764038us-gaap:OtherAssetsMemberssb:MortgageServicingRightCommitmentsMemberus-gaap:NondesignatedMember2021-12-310000764038ssb:OtherAssetsAndOtherLiabilitiesMemberssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2021-12-310000764038ssb:CounterpartyMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2021-12-310000764038ssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2021-12-310000764038us-gaap:InterestRateContractMember2021-12-310000764038ssb:CounterpartyMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2022-01-012022-06-300000764038ssb:OtherAssetsAndOtherLiabilitiesMemberssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2022-01-012022-06-300000764038ssb:CounterpartyMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2021-01-012021-12-310000764038ssb:CounterpartyMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-01-012021-12-310000764038us-gaap:ForwardContractsMember2022-06-300000764038us-gaap:ForwardContractsMember2021-12-310000764038ssb:CounterpartyMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-01-012022-06-300000764038ssb:BorrowerMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-01-012022-06-300000764038us-gaap:OtherAssetsMemberssb:MortgageServicingRightCommitmentsMemberus-gaap:NondesignatedMember2022-01-012022-06-300000764038ssb:BorrowerMemberssb:OtherAssetsAndOtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-01-012021-12-310000764038us-gaap:OtherAssetsMemberssb:MortgageServicingRightCommitmentsMemberus-gaap:NondesignatedMember2021-01-012021-12-310000764038ssb:OtherAssetsAndOtherLiabilitiesMemberssb:MortgageServicingRightHedgingMemberus-gaap:NondesignatedMember2021-01-012021-12-3100007640382021-01-012021-12-310000764038us-gaap:CurrencySwapMember2022-04-012022-06-300000764038us-gaap:CurrencySwapMember2022-01-012022-06-300000764038us-gaap:CurrencySwapMember2021-04-012021-06-300000764038ssb:CounterpartyMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMember2021-01-012021-12-310000764038us-gaap:CurrencySwapMember2021-01-012021-06-300000764038us-gaap:AccountingStandardsUpdate201613Member2020-01-010000764038us-gaap:CommonStockMember2022-06-300000764038us-gaap:CommonStockMember2022-03-310000764038us-gaap:CommonStockMember2021-12-310000764038us-gaap:CommonStockMember2021-06-300000764038us-gaap:CommonStockMember2021-03-310000764038us-gaap:CommonStockMember2020-12-310000764038us-gaap:SubsequentEventMember2022-07-282022-07-280000764038us-gaap:SubsequentEventMember2022-07-272022-07-270000764038ssb:CounterpartyMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:CashFlowHedgingMember2022-06-300000764038ssb:BorrowerMemberus-gaap:CashFlowHedgingMember2022-06-300000764038ssb:CenterstateBankCorporationMember2022-03-0100007640382020-12-310000764038us-gaap:FairValueInputsLevel1Member2022-06-300000764038us-gaap:FairValueInputsLevel1Member2021-12-310000764038ssb:AtlanticCapitalBancsharesIncMember2022-04-012022-06-300000764038ssb:AtlanticCapitalBancsharesIncMember2022-01-012022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberssb:ResidentialCollateralizedMortgageObligationsIssuedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMemberssb:ResidentialCollateralizedMortgageObligationsIssuedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberssb:ResidentialCollateralizedMortgageObligationsIssuedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMemberssb:ResidentialCollateralizedMortgageObligationsIssuedByU.s.GovernmentAgenciesOrSponsoredEnterprisesMember2021-12-310000764038us-gaap:USGovernmentDebtSecuritiesMember2022-06-300000764038us-gaap:USGovernmentDebtSecuritiesMember2021-12-310000764038us-gaap:USTreasurySecuritiesMember2022-06-300000764038us-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000764038us-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000764038us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300000764038us-gaap:CorporateDebtSecuritiesMember2022-06-300000764038us-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000764038ssb:SmallBusinessAdministrationLoanBackedSecuritiesMember2022-06-300000764038us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000764038us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000764038us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310000764038us-gaap:CorporateDebtSecuritiesMember2021-12-310000764038us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000764038ssb:SmallBusinessAdministrationLoanBackedSecuritiesMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-300000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-06-300000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-03-310000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-06-300000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-06-300000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-03-310000764038us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000764038us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000764038us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310000764038us-gaap:OtherAssetsMember2022-06-300000764038us-gaap:OtherAssetsMember2021-12-310000764038us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300000764038us-gaap:AdditionalPaidInCapitalMember2022-01-012022-06-300000764038us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300000764038us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300000764038us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-06-300000764038us-gaap:EmployeeStockOptionMember2022-01-012022-06-300000764038us-gaap:RestrictedStockMember2022-01-012022-06-300000764038srt:MinimumMemberssb:OtherPerformanceBasedRestrictedStockUnitsMember2022-01-012022-06-300000764038srt:MaximumMemberssb:OtherPerformanceBasedRestrictedStockUnitsMember2022-01-012022-06-300000764038ssb:PerformanceBasedRestrictedStockUnitsMember2022-01-012022-06-300000764038us-gaap:FixedRateResidentialMortgageMember2022-06-300000764038us-gaap:FixedRateResidentialMortgageMember2021-12-310000764038us-gaap:AdjustableRateResidentialMortgageMember2021-12-310000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000764038us-gaap:FairValueMeasurementsRecurringMember2022-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000764038us-gaap:FairValueMeasurementsRecurringMember2021-12-3100007640382022-01-012022-03-310000764038us-gaap:ResidentialPortfolioSegmentMember2022-06-300000764038us-gaap:CommonStockMember2022-04-012022-06-300000764038us-gaap:CommonStockMember2022-01-012022-06-300000764038us-gaap:CommonStockMember2021-04-012021-06-300000764038us-gaap:CommonStockMember2021-01-012021-06-300000764038us-gaap:OtherLiabilitiesMember2022-06-300000764038us-gaap:OtherLiabilitiesMember2021-12-310000764038srt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2020-01-010000764038ssb:OtherIntangibleAssetsExcludingSmallBusinessAdministrationServicingAssetsMember2022-06-300000764038us-gaap:HomeEquityMember2022-06-300000764038us-gaap:ConstructionLoansMember2022-06-300000764038ssb:OtherIncomeProducingPropertyLoansMember2022-06-300000764038ssb:ConsumerOwnerOccupiedLoansMember2022-06-300000764038ssb:ConsumerLoansMember2022-06-300000764038ssb:CommercialAndIndustrialLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-12-310000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2021-12-310000764038us-gaap:HomeEquityMember2021-12-310000764038us-gaap:ConstructionLoansMember2021-12-310000764038ssb:OtherIncomeProducingPropertyLoansMember2021-12-310000764038ssb:ConsumerOwnerOccupiedLoansMember2021-12-310000764038ssb:ConsumerLoansMember2021-12-310000764038ssb:CommercialAndIndustrialLoansMember2021-12-310000764038us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2022-06-300000764038us-gaap:CommercialPortfolioSegmentMemberssb:CommercialAndIndustrialLoansMember2022-06-300000764038us-gaap:ExtendedMaturityMember2022-01-012022-06-300000764038us-gaap:ContractualInterestRateReductionMember2022-01-012022-06-300000764038us-gaap:ResidentialRealEstateMemberus-gaap:HomeEquityMember2022-01-012022-06-300000764038srt:OtherPropertyMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2022-01-012022-06-300000764038srt:OtherPropertyMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2022-01-012022-06-300000764038srt:OtherPropertyMemberssb:CommercialAndIndustrialLoansMember2022-01-012022-06-300000764038ssb:ChurchMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2021-01-012021-12-310000764038srt:OtherPropertyMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-01-012021-12-310000764038srt:OtherPropertyMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2021-01-012021-12-310000764038srt:HotelMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-01-012021-12-310000764038us-gaap:ResidentialRealEstateMemberus-gaap:HomeEquityMember2022-06-300000764038srt:OtherPropertyMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2022-06-300000764038srt:OtherPropertyMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2022-06-300000764038srt:OtherPropertyMemberssb:CommercialAndIndustrialLoansMember2022-06-300000764038ssb:OtherCommercialNonOwnerOccupiedRealEstateMember2022-06-300000764038ssb:ChurchMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2021-12-310000764038srt:OtherPropertyMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-12-310000764038srt:OtherPropertyMemberssb:CommercialOwnerOccupiedRealEstateLoansMember2021-12-310000764038srt:HotelMemberssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-12-310000764038ssb:OtherCommercialNonOwnerOccupiedRealEstateMember2021-12-310000764038ssb:FinancialServiceProductTwoMember2022-06-300000764038ssb:FinancialServiceProductThreeMember2022-06-300000764038ssb:FinancialServiceProductTenMember2022-06-300000764038ssb:FinancialServiceProductSixMember2022-06-300000764038ssb:FinancialServiceProductSevenMember2022-06-300000764038ssb:FinancialServiceProductOneMember2022-06-300000764038ssb:FinancialServiceProductNineMember2022-06-300000764038ssb:FinancialServiceProductFourMember2022-06-300000764038ssb:FinancialServiceProductFiveMember2022-06-300000764038ssb:FinancialServiceProductElevenMember2022-06-300000764038ssb:FinancialServiceProductEightMember2022-06-300000764038ssb:FinancialServiceProductTwoMember2021-06-300000764038ssb:FinancialServiceProductThreeMember2021-06-300000764038ssb:FinancialServiceProductTenMember2021-06-300000764038ssb:FinancialServiceProductSixMember2021-06-300000764038ssb:FinancialServiceProductSevenMember2021-06-300000764038ssb:FinancialServiceProductOneMember2021-06-300000764038ssb:FinancialServiceProductNineMember2021-06-300000764038ssb:FinancialServiceProductFourMember2021-06-300000764038ssb:FinancialServiceProductFiveMember2021-06-300000764038ssb:FinancialServiceProductElevenMember2021-06-300000764038ssb:FinancialServiceProductEightMember2021-06-300000764038ssb:FinancialServiceProductTwoMember2022-04-012022-06-300000764038ssb:FinancialServiceProductThreeMember2022-04-012022-06-300000764038ssb:FinancialServiceProductTenMember2022-04-012022-06-300000764038ssb:FinancialServiceProductSixMember2022-04-012022-06-300000764038ssb:FinancialServiceProductOneMember2022-04-012022-06-300000764038ssb:FinancialServiceProductNineMember2022-04-012022-06-300000764038ssb:FinancialServiceProductFourMember2022-04-012022-06-300000764038ssb:FinancialServiceProductFiveMember2022-04-012022-06-300000764038ssb:FinancialServiceProductElevenMember2022-04-012022-06-300000764038ssb:FinancialServiceProductTwoMember2022-01-012022-06-300000764038ssb:FinancialServiceProductThreeMember2022-01-012022-06-300000764038ssb:FinancialServiceProductTenMember2022-01-012022-06-300000764038ssb:FinancialServiceProductSixMember2022-01-012022-06-300000764038ssb:FinancialServiceProductOneMember2022-01-012022-06-300000764038ssb:FinancialServiceProductNineMember2022-01-012022-06-300000764038ssb:FinancialServiceProductFourMember2022-01-012022-06-300000764038ssb:FinancialServiceProductFiveMember2022-01-012022-06-300000764038ssb:FinancialServiceProductElevenMember2022-01-012022-06-300000764038ssb:FinancialServiceProductTwoMember2021-04-012021-06-300000764038ssb:FinancialServiceProductThreeMember2021-04-012021-06-300000764038ssb:FinancialServiceProductTenMember2021-04-012021-06-300000764038ssb:FinancialServiceProductSixMember2021-04-012021-06-300000764038ssb:FinancialServiceProductSevenMember2021-04-012021-06-300000764038ssb:FinancialServiceProductOneMember2021-04-012021-06-300000764038ssb:FinancialServiceProductNineMember2021-04-012021-06-300000764038ssb:FinancialServiceProductFiveMember2021-04-012021-06-300000764038ssb:FinancialServiceProductElevenMember2021-04-012021-06-300000764038ssb:FinancialServiceProductTwoMember2021-01-012021-06-300000764038ssb:FinancialServiceProductThreeMember2021-01-012021-06-300000764038ssb:FinancialServiceProductTenMember2021-01-012021-06-300000764038ssb:FinancialServiceProductSixMember2021-01-012021-06-300000764038ssb:FinancialServiceProductSevenMember2021-01-012021-06-300000764038ssb:FinancialServiceProductOneMember2021-01-012021-06-300000764038ssb:FinancialServiceProductNineMember2021-01-012021-06-300000764038ssb:FinancialServiceProductFourMember2021-01-012021-06-300000764038ssb:FinancialServiceProductFiveMember2021-01-012021-06-300000764038ssb:FinancialServiceProductElevenMember2021-01-012021-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-06-300000764038srt:MaximumMember2022-01-012022-06-300000764038srt:MinimumMember2022-01-012022-06-3000007640382021-04-012021-06-300000764038ssb:AtlanticCapitalBancsharesIncMember2022-01-012022-03-310000764038us-gaap:SubordinatedDebtMember2022-04-012022-06-300000764038srt:MinimumMember2022-06-3000007640382019-01-010000764038ssb:SouthStateBankMember2022-06-300000764038ssb:SouthStateBankMember2021-12-310000764038us-gaap:FairValueInputsLevel2Memberus-gaap:CommitmentsToExtendCreditMember2022-06-300000764038us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommitmentsToExtendCreditMember2022-06-300000764038us-gaap:FairValueInputsLevel2Memberus-gaap:CommitmentsToExtendCreditMember2021-12-310000764038us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommitmentsToExtendCreditMember2021-12-3100007640382021-12-310000764038ssb:CounterpartyMemberssb:InterestBearingDepositLiabilitiesMemberus-gaap:CashFlowHedgingMember2022-06-300000764038ssb:SubsequentFairValueAdjustmentMemberssb:AtlanticCapitalBancsharesIncMember2022-03-010000764038ssb:InitialFairValueAdjustmentsMemberssb:AtlanticCapitalBancsharesIncMember2022-03-010000764038ssb:AsRecordedByCsflMemberssb:AtlanticCapitalBancsharesIncMember2022-03-010000764038ssb:DuncanWilliamsInc.Member2021-02-012021-02-010000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-06-300000764038us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-06-300000764038us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000764038us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-3100007640382022-04-012022-06-3000007640382022-06-3000007640382021-06-300000764038ssb:AtlanticCapitalBancsharesIncMember2022-03-010000764038ssb:AtlanticCapitalBancsharesIncMember2022-03-012022-03-010000764038us-gaap:FairValueInputsLevel3Member2022-06-300000764038us-gaap:FairValueInputsLevel3Member2021-12-310000764038us-gaap:FairValueInputsLevel2Member2022-06-300000764038us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000764038us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000764038us-gaap:FairValueInputsLevel2Member2021-12-310000764038us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000764038us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-3100007640382021-01-012021-06-3000007640382022-08-0400007640382022-01-012022-06-30xbrli:sharesiso4217:USDxbrli:puressb:loanssb:propertyiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2022

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to              

Commission file number 001-12669

Graphic

SOUTHSTATE CORPORATION

(Exact name of registrant as specified in its charter)

South Carolina

57-0799315

(State or other jurisdiction of incorporation)

(I.R.S. Employer Identification No.)

1101 First Street South, Suite 202

Winter Haven, Florida

33880

(Address of principal executive offices)

(Zip Code)

(863) 293-4710

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

    

Trading Symbol

    

Name of each exchange on which registered:

Common Stock, $2.50 par value

SSB

The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes    No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes    No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

Accelerated Filer

Non-Accelerated Filer

Smaller Reporting Company

Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes    No  

Indicate the number of shares outstanding of each of issuer’s classes of common stock, as of the latest practicable date:

Class

Outstanding as of August 4, 2022

Common Stock, $2.50 par value

75,665,518

SouthState Corporation and Subsidiaries

June 30, 2022 Form 10-Q

INDEX

Page

PART I — FINANCIAL INFORMATION

Item 1.

Financial Statements

Condensed Consolidated Balance Sheets at June 30, 2022 and December 31, 2021

3

Condensed Consolidated Statements of Income for the Three and Six Months Ended June 30, 2022 and 2021

4

Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2022 and 2021

5

Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended June 30, 2022 and 2021

6

Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Six Months Ended June 30, 2022 and 2021

7

Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2022 and 2021

8

Notes to Condensed Consolidated Financial Statements

9

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

47

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

80

Item 4.

Controls and Procedures

80

PART II — OTHER INFORMATION

Item 1.

Legal Proceedings

81

Item 1A.

Risk Factors

81

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

81

Item 3.

Defaults Upon Senior Securities

82

Item 4.

Mine Safety Disclosures

82

Item 5.

Other Information

82

Item 6.

Exhibits

82

2

PART I — FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

SouthState Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(Dollars in thousands, except par value)

June 30,

December 31,

 

    

2022

    

2021

    

 

(Unaudited)

ASSETS

    

    

    

    

Cash and cash equivalents:

Cash and due from banks

$

561,516

$

476,653

Federal funds sold and interest-earning deposits with banks

4,099,342

6,018,915

Deposits in other financial institutions (restricted cash)

 

61,241

 

347,579

Total cash and cash equivalents

 

4,722,099

 

6,843,147

Trading securities, at fair value

88,088

77,689

Investment securities:

Securities held to maturity (fair value of $2,492,686 and $1,778,064)

 

2,806,465

 

1,819,901

Securities available for sale, at fair value

 

5,666,008

 

5,193,478

Other investments

 

179,815

 

160,568

Total investment securities

 

8,652,288

 

7,173,947

Loans held for sale

 

73,880

 

191,723

Loans:

Acquired - non-purchased credit deteriorated loans

6,908,234

5,890,069

Acquired - purchased credit deteriorated loans

1,707,592

1,987,322

Non-acquired loans

 

19,319,440

 

16,050,775

Less allowance for credit losses

 

(319,708)

 

(301,807)

Loans, net

 

27,615,558

 

23,626,359

Other real estate owned

 

1,431

 

2,736

Bank property held for sale

5,692

9,578

Premises and equipment, net

562,781

558,499

Bank owned life insurance ("BOLI")

953,970

783,049

Deferred tax assets

157,944

64,964

Derivatives assets

668,324

414,742

Mortgage servicing rights

87,463

65,620

Core deposit and other intangibles

 

132,694

 

128,067

Goodwill

1,922,525

1,581,085

Other assets

 

562,685

 

438,827

Total assets

$

46,207,422

$

41,960,032

LIABILITIES AND SHAREHOLDERS’ EQUITY

Deposits:

Noninterest-bearing

$

14,337,018

$

11,498,840

Interest-bearing

 

24,538,833

 

23,555,989

Total deposits

 

38,875,851

 

35,054,829

Federal funds purchased

284,640

381,195

Securities sold under agreements to repurchase

 

385,359

 

400,044

Corporate and subordinated debentures

392,460

327,066

Reserve for unfunded commitments

32,543

30,510

Derivative liabilities

666,802

410,137

Other liabilities

 

529,342

 

553,311

Total liabilities

 

41,166,997

 

37,157,092

Shareholders’ equity:

Common stock - $2.50 par value; authorized 160,000,000 shares; 75,641,322 and 69,332,297 shares issued and outstanding, respectively

 

189,103

 

173,331

Surplus

 

4,195,976

 

3,653,098

Retained earnings

 

1,146,230

 

997,657

Accumulated other comprehensive loss

 

(490,884)

 

(21,146)

Total shareholders’ equity

 

5,040,425

 

4,802,940

Total liabilities and shareholders’ equity

$

46,207,422

$

41,960,032

The Accompanying Notes are an Integral Part of the Financial Statements.

3

SouthState Corporation and Subsidiaries

Condensed Consolidated Statements of Income (unaudited)

(In thousands, except per share data)

Three Months Ended

Six Months Ended

June 30,

June 30,

 

    

2022

    

2021

    

2022

    

2021

 

Interest income:

Loans, including fees

$

272,000

$

246,177

$

505,617

$

506,144

Investment securities:

Taxable

 

38,948

 

17,347

 

69,068

 

32,755

Tax-exempt

 

6,076

 

2,667

 

9,951

 

4,779

Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks

 

8,635

 

1,350

 

11,487

 

2,339

Total interest income

 

325,659

 

267,541

 

596,123

 

546,017

Interest expense:

Deposits

 

5,776

 

9,537

 

10,404

 

20,795

Federal funds purchased and securities sold under agreements to repurchase

 

781

 

323

 

1,050

 

673

Corporate and subordinated debentures

4,823

4,548

8,916

9,418

Other borrowings

 

 

3

 

 

3

Total interest expense

 

11,380

 

14,411

 

20,370

 

30,889

Net interest income

 

314,279

 

253,130

 

575,753

 

515,128

Provision (recovery) for credit losses

 

19,286

 

(58,793)

 

10,837

 

(117,213)

Net interest income after provision (recovery) for credit losses

 

294,993

 

311,923

 

564,916

 

632,341

Noninterest income:

Fees on deposit accounts

 

33,658

 

23,936

 

62,560

 

49,218

Mortgage banking income

 

5,480

 

10,115

 

16,074

 

36,995

Trust and investment services income

 

9,831

 

9,733

 

19,549

 

18,311

Correspondent banking and capital market income

27,604

25,877

55,598

54,625

SBA Income

4,343

2,933

7,524

5,408

Securities gains, net

 

 

36

 

 

36

Other income

 

7,376

 

6,390

 

13,077

 

10,712

Total noninterest income

 

88,292

 

79,020

 

174,382

 

175,305

Noninterest expense:

Salaries and employee benefits

 

137,037

 

137,379

 

274,710

 

277,740

Occupancy expense

 

22,759

 

22,844

 

44,599

 

46,175

Information services expense

 

19,947

 

19,078

 

39,140

 

37,867

OREO and loan related (income) expense

 

(3)

 

240

 

(241)

 

1,242

Amortization of intangibles

 

8,847

 

8,968

 

17,341

 

18,132

Supplies, printing and postage expense

2,400

2,500

4,589

5,170

Professional fees

 

4,331

 

2,301

 

8,080

 

5,575

FDIC assessment and other regulatory charges

 

5,332

 

4,931

 

10,144

 

8,772

Advertising and marketing

 

2,286

 

1,659

 

4,049

 

3,399

Extinguishment of debt cost

11,706

11,706

Merger and branch consolidation related expense

 

5,390

 

32,970

 

15,666

 

42,979

Other expense

 

22,843

 

18,807

 

41,692

 

33,337

Total noninterest expense

 

231,169

 

263,383

 

459,769

 

492,094

Earnings:

Income before provision for income taxes

 

152,116

 

127,560

 

279,529

 

315,552

Provision for income taxes

 

32,941

 

28,600

 

60,025

 

69,643

Net income

$

119,175

$

98,960

$

219,504

$

245,909

Earnings per common share:

Basic

$

1.58

$

1.40

$

2.99

$

3.47

Diluted

$

1.57

$

1.39

$

2.96

$

3.44

Weighted average common shares outstanding:

Basic

 

75,461

 

70,866

 

73,465

 

70,937

Diluted

 

76,094

 

71,409

 

74,104

 

71,445

The Accompanying Notes are an Integral Part of the Financial Statements.

4

SouthState Corporation and Subsidiaries

Condensed Consolidated Statements of Comprehensive (Loss) Income (unaudited)

(Dollars in thousands)

Three Months Ended

Six Months Ended

June 30,

June 30,

    

2022

    

2021

    

2022

    

2021

 

Net income

    

$

119,175

    

$

98,960

    

$

219,504

    

$

245,909

Other comprehensive (loss) income:

Unrealized holding (losses) gains on available for sale securities:

Unrealized holding (losses) gains arising during period

 

(261,178)

 

33,055

 

(623,298)

 

(30,735)

Tax effect

 

64,250

 

(7,861)

 

153,560

 

7,309

Reclassification adjustment for gains included in net income

 

 

(36)

 

 

(36)

Tax effect

 

 

9

 

 

9

Net of tax amount

 

(196,928)

 

25,167

 

(469,738)

 

(23,453)

Other comprehensive (loss) income, net of tax

 

(196,928)

 

25,167

 

(469,738)

 

(23,453)

Comprehensive (loss) income

$

(77,753)

$

124,127

$

(250,234)

$

222,456

The Accompanying Notes are an Integral Part of the Financial Statements.

5

SouthState Corporation and Subsidiaries

Condensed Consolidated Statements of Changes in Shareholders’ Equity (unaudited)

Three months ended June 30, 2022 and 2021

(Dollars in thousands, except for share data)