Southstate Bank NA
Winter Haven, Florida · FDIC Cert #33555
Southstate Bank NA is an FDIC-insured bank (Certificate #33555) with $45.5B in total assets and $37.2B in total deposits as of the Q2 2024 Call Report. Headquartered in Winter Haven, Florida, the bank maintains a Tier 1 capital ratio of 12.89% (Well-Capitalized) and a nonperforming loan ratio of 0.59%. BankHealthData assigns a composite Health Grade of B (76/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Southstate Bank NA (FDIC cert 33555) is a large bank with $45.5B in total assets and $37.2B in deposits, headquartered in Winter Haven, Florida. Banks at this scale typically operate across multiple states and face enhanced regulatory scrutiny under the federal banking-supervisory framework.
Capital position is strong: Tier 1 capital ratio of 12.89% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.59% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 17.5% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 1.53% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Southstate Bank NA carries a composite BankHealth grade of B (76/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Southstate Bank NA
- Total Assets
- $45.5B
- Total Deposits
- $37.2B
- Tier 1 Capital Ratio
- 12.89%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.59%
- Liquidity Ratio
- 17.46%
- Return on Assets
- 1.53%
- Headquarters
- Winter Haven, Florida
- FDIC Certificate
- #33555
- Health Grade
- B (76/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Southstate Bank NA holds a Tier 1 capital ratio of 12.89%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Southstate Bank NA has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Southstate Bank NA shows strong financial health indicators. With $45.5B in assets and a Health Score of 76/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Southstate Bank NA Compares
Southstate Bank NA’s Health Score of 76 is 2 points above the Florida state average of 74 across 83 FDIC-insured banks. Its 12.89% Tier 1 capital ratio is 1.1 points below the US banking industry average near 14%. The 0.59% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.53% is in line with or above the national ROA benchmark of ~1.1%. Among 51 similarly-sized banks, the average Health Score is 78, meaning this bank ranks below its size cohort. Site-wide, Southstate Bank NA is 6 points above the portfolio average of 70.
Frequently Asked Questions
Southstate Bank NA has a Bank Health Score of B (76/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 12.89%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Southstate Bank NA's Tier 1 capital ratio of 12.89% and nonperforming loan ratio of 0.59% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Southstate Bank NA is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #33555). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Southstate Bank NA holds $45.5B in total assets and $37.2B in total deposits. It is headquartered in Winter Haven, Florida (FDIC Certificate #33555).
Southstate Bank NA has a Tier 1 capital ratio of 12.89%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.59%, and the return on assets is 1.53%.
Yes. Southstate Bank NA is FDIC-insured (Certificate #33555). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Southstate Bank NA's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.