v3.25.2
Mergers and Acquisitions - Preliminary fair value and adjustments (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jan. 01, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS        
Investment securities   $ 8,431,345   $ 6,798,876
Loans held for sale   318,985   279,426
Loans held for investment, net of allowance for credit losses   46,646,201   33,437,647
Premises and equipment, net   964,878   502,559
Bank owned life insurance ("BOLI")   1,280,632   1,013,209
Deferred tax assets   166,361   179,884
Goodwill   3,094,059   1,923,106
Core deposit and other intangible assets   433,458   66,458
Other assets   697,257   433,755
Total assets   65,893,322   46,381,204
Deposits:        
Noninterest-bearing   13,719,030   10,192,117
Interest-bearing   39,977,931   27,868,749
Total deposits   53,696,961   38,060,866
Other liabilities   987,987   598,295
Total liabilities   57,092,188   40,490,789
Goodwill   3,094,059   1,923,106
Assets        
Goodwill   3,094,059   1,923,106
Deposits:        
Goodwill   3,094,059   1,923,106
Consideration:        
Deferred tax assets   166,361   179,884
Core deposit and other intangibles   433,458   $ 66,458
Subsequent Fair Value Adjustments        
ASSETS        
Loans held for investment, net of allowance for credit losses $ (16,798)      
Deferred tax assets 1,849      
Bank property held for sale 6,474      
Goodwill 6,000      
Core deposit and other intangible assets 2,475      
Total assets (6,000)      
Deposits:        
Net identifiable assets acquired over liabilities assumed (6,000)      
Goodwill 6,000      
Assets        
Goodwill 6,000      
Deposits:        
Goodwill 6,000      
Consideration:        
Deferred tax assets 1,849      
Core deposit and other intangibles 2,475      
Independent        
ASSETS        
Cash and cash equivalents 1,040,878      
Investment securities 1,590,452      
Loans held for sale 12,430      
Loans held for investment, net of allowance for credit losses 12,991,559      
Premises and equipment, net 315,674      
Bank owned life insurance ("BOLI") 252,001      
Deferred tax assets 116,412      
Bank property held for sale 78,474      
Goodwill 1,170,953 1,200,000 $ 1,200,000  
Core deposit and other intangible assets 414,553      
Other assets 155,587      
Total assets 16,968,020      
Deposits:        
Noninterest-bearing 3,238,170      
Interest-bearing 11,970,543      
Total deposits 15,208,713      
Other borrowings 360,522      
Other liabilities 96,677      
Total liabilities 15,665,912      
Net identifiable assets acquired over liabilities assumed 1,302,108      
Goodwill 1,170,953 1,200,000 1,200,000  
Net assets acquired over liabilities assumed 2,473,061      
Assets        
Goodwill 1,170,953 1,200,000 1,200,000  
Deposits:        
Goodwill $ 1,170,953 1,200,000 $ 1,200,000  
Consideration:        
SouthState Corporation common shares issued 24,858,731      
Purchase price per share of the Company's common stock $ 99.48      
Value of shares issued $ 2,472,947      
Value of common stock issued for fractional shares 114      
Fair value of total consideration transferred 2,473,061      
Deferred tax assets 116,412      
Core deposit and other intangibles 414,553      
Independent | Adjusted Acquired Balance Sheet        
Assets        
Cash and cash equivalents 1,040,878      
Investment securities 1,647,163      
Loans held for sale 12,430      
Loans, net of allowance and mark 13,453,678      
Premises and equipment 381,204      
Bank owned life insurance 252,001      
Deferred tax asset 79,189      
Goodwill 476,021      
Intangible assets 38,808      
Other assets 167,117      
Total assets 17,548,489      
Deposits:        
Noninterest-bearing 3,238,170      
Interest-bearing 11,968,821      
Total deposits 15,206,991      
Other borrowings 354,713      
Other liabilities 101,165      
Total liabilities 15,662,869      
Net identifiable assets acquired over (under) liabilities assumed 1,885,620      
Net assets acquired over liabilities assumed 1,885,620      
Consideration:        
Investment securities 1,647,163      
Premises and equipment 381,204      
Interest-bearing 11,968,821      
Independent | Preliminary Fair Value Adjustments        
ASSETS        
Investment securities (56,711)      
Loans held for investment, net of allowance for credit losses (445,321)      
Premises and equipment, net (65,530)      
Deferred tax assets 35,374      
Bank property held for sale 72,000      
Goodwill 1,164,953      
Core deposit and other intangible assets 373,270      
Other assets (11,530)      
Total assets (574,469)      
Deposits:        
Interest-bearing 1,722      
Total deposits 1,722      
Other borrowings 5,809      
Other liabilities (4,488)      
Total liabilities 3,043      
Net identifiable assets acquired over liabilities assumed (577,512)      
Goodwill 1,164,953      
Net assets acquired over liabilities assumed 587,441      
Assets        
Investment securities 56,700      
Premises and equipment 65,500      
Bank property held for sale 72,000      
Goodwill 1,164,953      
Goodwill (476,021)      
Deposits:        
Interest-bearing 1,700      
Goodwill 1,164,953      
Consideration:        
Investment securities $ 56,700      
Percentage of preliminary credit mark 1.60%      
Amount of preliminary credit mark $ 214,800      
Percentage of total preliminary credit mark 4.40%      
Amount of total preliminary credit mark $ 600,600      
Amount of allowance for credit loss of acquiree 133,000      
Amount of fair value adjustments of acquiree reversed 22,200      
Premises and equipment $ 65,500      
Fair value adjustments with effective tax rate 23.50%      
Deferred tax assets $ 35,374      
Bank property held for sale 72,000      
Amount of gross core deposit intangibles $ 412,100      
Percentage of gross core deposit intangibles 3.60%      
Amount of existing core deposit intangibles $ 38,800      
Core deposit and other intangibles 373,270      
Value of real estate asset repossessed 4,200      
Amount of write off of prepaid expenses and other miscellaneous assets 7,300      
Interest-bearing 1,700      
Amount of discount and issuance costs of debt 7,600      
Net discount 1,800      
Amount of existing reserves for unfunded commitments 2,900      
Amount of fair value adjustments of lease liability 2,200      
Amount of adjustments for miscellaneous accruals for lease liability 660      
Independent | Subsequent Fair Value Adjustments        
ASSETS        
Deferred tax assets   1,800    
Core deposit and other intangible assets   2,500    
Consideration:        
Fair value adjusted due to increase in credit mark 16,800      
Deferred tax assets   1,800    
Fair value of property held for sale, net of selling costs 6,500      
Core deposit and other intangibles   $ 2,500    
Independent | As previously recorded by acquiree        
ASSETS        
Cash and cash equivalents 1,043,293      
Investment securities 1,644,381      
Loans held for sale 12,430      
Loans held for investment, net of allowance for credit losses 13,452,928      
Premises and equipment, net 348,071      
Bank owned life insurance ("BOLI") 252,001      
Deferred tax assets 72,362      
Goodwill 476,021      
Core deposit and other intangible assets 38,808      
Other assets 226,032      
Total assets 17,566,327      
Deposits:        
Noninterest-bearing 3,241,446      
Interest-bearing 11,966,362      
Total deposits 15,207,808      
Other borrowings 354,713      
Other liabilities 95,409      
Total liabilities 15,657,930      
Net identifiable assets acquired over liabilities assumed 1,908,397      
Goodwill 476,021      
Net assets acquired over liabilities assumed 1,908,397      
Assets        
Goodwill 476,021      
Deposits:        
Goodwill 476,021      
Consideration:        
Deferred tax assets 72,362      
Core deposit and other intangibles 38,808      
Independent | On The Line Adjustments        
ASSETS        
Deferred tax assets 6,596      
Other assets (23,000)      
Total assets (16,404)      
Deposits:        
Other liabilities 6,859      
Total liabilities 6,859      
Net identifiable assets acquired over liabilities assumed (23,263)      
Net assets acquired over liabilities assumed (23,263)      
Consideration:        
Deferred tax assets 6,596      
Independent | Reclassifications and Other Adjustments        
ASSETS        
Cash and cash equivalents (2,415)      
Investment securities 2,782      
Loans held for investment, net of allowance for credit losses 750      
Premises and equipment, net 33,133      
Deferred tax assets 231      
Other assets (35,915)      
Total assets (1,434)      
Deposits:        
Noninterest-bearing (3,276)      
Interest-bearing 2,459      
Total deposits (817)      
Other liabilities (1,103)      
Total liabilities (1,920)      
Net identifiable assets acquired over liabilities assumed 486      
Net assets acquired over liabilities assumed 486      
Consideration:        
Deferred tax assets $ 231