CASE STUDY for SouthState Corp SSB (PART 1) INSTRUCTIONS The following articulates the overall basic procedure and presentation details for the FIRST PART of the case for the semester. PURPOSE The purpose behind this study is: (1) help you develop a strong awareness of the financial structure of depository financial institutions; (2) further your financial analysis skills; and (3) broaden your understanding of the risks and strengths inherent in a depository institution in the United States. PROCEDURE There will be a total of two parts to this study. You will be randomly assigned a bank. It is your task to analyze the financial structure of your assigned bank. The analysis will be using Excel worksheets with data downloaded from EITHER SEC/Edgar and/or FDIC.gov OR Bloomberg. When submitted, it should contain, as a minimum, the following:

Excel Spreadsheet 2 years of data to be obtained from SEC/Edgar and/or FDIC.gov since these are the primary sources for financial data. In other words, dont necessarily trust Yahoo! Finance or MSN Money. Or, go directly to the source: SEARCH THE BANKS WEBSITE AND LOOK FOR ANNUAL REPORTS AND DOWNLOAD o Calculate the Financial Institutions:

ROE and ROA

Equity Multiplier

Profit Margin (net income/total operating income), plus these detailed sub-ratios: interest income/total operating income, provision for loan loss/total operating income (income statement), provision for loan loss/total loans (balance sheet), non-interest expense/total operating income, and

Asset Utilization (total operating income/total assets), plus these sub-ratios: gross interest income/total assets and total gross income/total assets