FWP

Free Writing Prospectus Filed pursuant to Rule 433 Registration Statement No. 333-257915 Dated July 30, 2021 Investor Presentation August 2021


Important Notices and Disclaimers The Company has filed a registration statement (Commission File No. 333-257915), including a preliminary prospectus, with the Securities and Exchange Commission (“SEC”) for the offering discussed in this presentation. This registration statement has not yet been declared effective by the SEC. Before you invest, you should read the prospectus and the other documents the issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by contacting: Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling (800) 966-1559, or by emailing kbwsyndicatedesk@kbw.com; or Truist Securities, Inc., 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, Attention: Prospectus Department, or by emailing TruistSecurities.prospectus@Truist.com. Any statements in this presentation about our expectations, beliefs, plans, objectives, assumptions or future events or performance, including returns on assets and results of our asset/liability model forecasts, are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as “believe,” “will,” “expect,” “anticipate,” “project,” “seek,” “estimate,” “intend,” “indicate,” “designed,” “contemplated,” “plan,” “future,” “would,” and “should,” “could,” “continue,” “predict,” “target,” “strategies” and similar words and expressions of the future. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks outlined under “Risk Factors” and elsewhere in the preliminary prospectus, which may cause action results, levels of activity, financial condition, performance or achievements to differ materially from any results, levels of activity, financial condition, performance or achievements expressed or implied by any forward-looking statement. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance or achievement. The Company has no obligation to update any forward-looking statement to reflect changes since the date of the forward-looking statement, or conform these statements to actual results, unless required by law. This presentation contains non-GAAP financial measures not presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”). Appendix 1 includes reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP. We use certain non-GAAP financial measures, certain of which are included in this presentation, both to explain our results to stockholders and the investment community and in the internal evaluation and management of our businesses. The Company believes that these non-GAAP financial measures and the information they provide enable investors to better understand our performance. While we believe that these non-GAAP financial measures are useful in evaluating out performance, this information should be considered supplemental in nature and not as a substitute for or superior to the related information prepared in accordance with GAAP. All financial information as of and for the three and six month periods ended June 30, 2021 is preliminary and remains subject to further review, change and finalization. Such reviews could result in material changes, particularly with respect to material estimates and assumptions used in preparing this preliminary information, including the Company’s allowance for loan losses, fair values, and income taxes. Our independent registered public accounting firm, Mauldin and Jenkins, LLC, has not performed any review procedures with respect to this preliminary financial information. 2Important Notices and Disclaimers The Company has filed a registration statement (Commission File No. 333-257915), including a preliminary prospectus, with the Securities and Exchange Commission (“SEC”) for the offering discussed in this presentation. This registration statement has not yet been declared effective by the SEC. Before you invest, you should read the prospectus and the other documents the issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by contacting: Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling (800) 966-1559, or by emailing kbwsyndicatedesk@kbw.com; or Truist Securities, Inc., 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, Attention: Prospectus Department, or by emailing TruistSecurities.prospectus@Truist.com. Any statements in this presentation about our expectations, beliefs, plans, objectives, assumptions or future events or performance, including returns on assets and results of our asset/liability model forecasts, are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as “believe,” “will,” “expect,” “anticipate,” “project,” “seek,” “estimate,” “intend,” “indicate,” “designed,” “contemplated,” “plan,” “future,” “would,” and “should,” “could,” “continue,” “predict,” “target,” “strategies” and similar words and expressions of the future. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks outlined under “Risk Factors” and elsewhere in the preliminary prospectus, which may cause action results, levels of activity, financial condition, performance or achievements to differ materially from any results, levels of activity, financial condition, performance or achievements expressed or implied by any forward-looking statement. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance or achievement. The Company has no obligation to update any forward-looking statement to reflect changes since the date of the forward-looking statement, or conform these statements to actual results, unless required by law. This presentation contains non-GAAP financial measures not presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”). Appendix 1 includes reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP. We use certain non-GAAP financial measures, certain of which are included in this presentation, both to explain our results to stockholders and the investment community and in the internal evaluation and management of our businesses. The Company believes that these non-GAAP financial measures and the information they provide enable investors to better understand our performance. While we believe that these non-GAAP financial measures are useful in evaluating out performance, this information should be considered supplemental in nature and not as a substitute for or superior to the related information prepared in accordance with GAAP. All financial information as of and for the three and six month periods ended June 30, 2021 is preliminary and remains subject to further review, change and finalization. Such reviews could result in material changes, particularly with respect to material estimates and assumptions used in preparing this preliminary information, including the Company’s allowance for loan losses, fair values, and income taxes. Our independent registered public accounting firm, Mauldin and Jenkins, LLC, has not performed any review procedures with respect to this preliminary financial information. 2


Offering Summary Issuer Southern States Bancshares, Inc. SSBK / NASDAQ Global Select Ticker / Exchange $40.0 million comprised of $19.9 million primary and $20.1 million secondary Base Offering Size (based upon the midpoint of the range and excluding the overallotment option) Filing Range $19.00 - $21.00 per share Base Shares Offered 2,000,000 total, comprised of 996,429 primary and 1,003,571 secondary shares Overallotment Option 15% (all primary shares) Pro Forma Market Cap $174 million (based on the midpoint of range and excluding the overallotment option) 180 days for executive officers, directors, and certain pre-IPO shareholders Lock-Up General corporate purposes, which may include capital and liquidity to support our growth, Use of Proceeds and potential acquisition of other banks or closely related businesses Bookrunning Managers Keefe, Bruyette & Woods, A Stifel Company | Truist Securities Co-Managers Hovde Group | Performance Trust Capital Partners Expected Pricing Date August 11, 2021 3Offering Summary Issuer Southern States Bancshares, Inc. SSBK / NASDAQ Global Select Ticker / Exchange $40.0 million comprised of $19.9 million primary and $20.1 million secondary Base Offering Size (based upon the midpoint of the range and excluding the overallotment option) Filing Range $19.00 - $21.00 per share Base Shares Offered 2,000,000 total, comprised of 996,429 primary and 1,003,571 secondary shares Overallotment Option 15% (all primary shares) Pro Forma Market Cap $174 million (based on the midpoint of range and excluding the overallotment option) 180 days for executive officers, directors, and certain pre-IPO shareholders Lock-Up General corporate purposes, which may include capital and liquidity to support our growth, Use of Proceeds and potential acquisition of other banks or closely related businesses Bookrunning Managers Keefe, Bruyette & Woods, A Stifel Company | Truist Securities Co-Managers Hovde Group | Performance Trust Capital Partners Expected Pricing Date August 11, 2021 3


Overview of Southern States Bancshares, Inc. Legend Southern States Bancshares was founded in August 2007 by 75 current CEO and Chairman, Steve Whatley, and a group of Branches (15) Huntsville organizing directors LPO (1) 65 59 85 Management team with 200 years of collective experience in Anniston Atlanta Birmingham the banking industry and deep ties to local markets 20 Augusta Tuscaloosa Georgia 85 History of solid growth, top-tier profitability and a strong 65 Macon credit culture Auburn Alabama Columbus 85 Bifurcated growth strategy through organic growth and Montgomery Savannah disciplined M&A 75 65 Focused on being a dominant bank in our smaller markets and a competitive player in the larger metropolitan areas Mobile Valdosta Diversified loan portfolio complemented by low-cost, core funding base Q1 ‘21 Financial Highlights (1) (2) Assets ($B): $1.5 YoY Asset Growth : 19.5% NPLs / Loans: 0.36% Core Net Income ($M): $3.7 (1) (1) (2) Gross Loans ($B): $1.1 YoY Loan Growth : 13.9% LLR / Loans : 1.23% Core ROAA : 1.11% (1) Deposits ($B): $1.3 YoY Deposit Growth: 25.4% LTM NCOs / Avg. Loans: 0.08% NIM : 3.79% (1) (1) (2) Loans / Deposits : 81.1% YoY Core Deposit Growth: 27.8% TCE / TA : 9.1% Core Efficiency Ratio : 60.1% Source: S&P Global Market Intelligence; Company Documents Financial data as of the three months ended 3/31/21 unless otherwise noted Note: Core Deposits defined as total deposits less jumbo time deposits; jumbo time deposits classified as deposits larger than $250,000 4 (1) Excludes $61mm of PPP loans and any associated interest and fees as of 3/31/21 (2) Excludes $2.8mm pre-tax net gain on sale of $20.6mm USDA loan and $232 thousand pre-tax loss on sale of securities adjusted for taxes at 24.2%Overview of Southern States Bancshares, Inc. Legend Southern States Bancshares was founded in August 2007 by 75 current CEO and Chairman, Steve Whatley, and a group of Branches (15) Huntsville organizing directors LPO (1) 65 59 85 Management team with 200 years of collective experience in Anniston Atlanta Birmingham the banking industry and deep ties to local markets 20 Augusta Tuscaloosa Georgia 85 History of solid growth, top-tier profitability and a strong 65 Macon credit culture Auburn Alabama Columbus 85 Bifurcated growth strategy through organic growth and Montgomery Savannah disciplined M&A 75 65 Focused on being a dominant bank in our smaller markets and a competitive player in the larger metropolitan areas Mobile Valdosta Diversified loan portfolio complemented by low-cost, core funding base Q1 ‘21 Financial Highlights (1) (2) Assets ($B): $1.5 YoY Asset Growth : 19.5% NPLs / Loans: 0.36% Core Net Income ($M): $3.7 (1) (1) (2) Gross Loans ($B): $1.1 YoY Loan Growth : 13.9% LLR / Loans : 1.23% Core ROAA : 1.11% (1) Deposits ($B): $1.3 YoY Deposit Growth: 25.4% LTM NCOs / Avg. Loans: 0.08% NIM : 3.79% (1) (1) (2) Loans / Deposits : 81.1% YoY Core Deposit Growth: 27.8% TCE / TA : 9.1% Core Efficiency Ratio : 60.1% Source: S&P Global Market Intelligence; Company Documents Financial data as of the three months ended 3/31/21 unless otherwise noted Note: Core Deposits defined as total deposits less jumbo time deposits; jumbo time deposits classified as deposits larger than $250,000 4 (1) Excludes $61mm of PPP loans and any associated interest and fees as of 3/31/21 (2) Excludes $2.8mm pre-tax net gain on sale of $20.6mm USDA loan and $232 thousand pre-tax loss on sale of securities adjusted for taxes at 24.2%


Experienced Management Team Our management team has over 200 years of collective experience in the banking industry Steve Whatley Mark Chambers Lynn Joyce Greg Smith Jack Swift Founder, Chairman & President SEVP & Chief SEVP & Chief Risk and SEVP & Chief CEO Financial Officer Credit Officer Operating Officer • 1982-2006 Market • 2007-2019 SEVP & • 1992-2013 EVP & CFO • 2006-2019 SEVP & CCO • 2006-2019 SEVP & President Colonial Bank President Southeast First Financial Bank, a Southern States Bank President Central Region Region Southern States NASDAQ listed Financial Southern States Bank • 1980-1982 Vice • 1986-2006 Credit Bank Institution President Commercial Admin, Commercial Loan • 1996-2006 Senior Vice Lender AmSouth Bank • 2004-2007 Market • 1986-1992 Arthur Officer and Market President Colonial Bank President Wachovia Bank Andersen & Co President Regions Bank • 1978-1980 Vice • 1992-1996 Vice President Trust Company • 1998-2004 Commercial President SouthTrust Bank Lender Aliant Bank Bank • 1973-1978 Loan Officer/Mgt. Trainee Security Pacific Bank (1) Company insiders own 15.3% of the common shares and equivalents (1) Refers to management and directors, excluding institutional owners and a director representative of an institutional owner and a direct representative or institutional 5 ownerExperienced Management Team Our management team has over 200 years of collective experience in the banking industry Steve Whatley Mark Chambers Lynn Joyce Greg Smith Jack Swift Founder, Chairman & President SEVP & Chief SEVP & Chief Risk and SEVP & Chief CEO Financial Officer Credit Officer Operating Officer • 1982-2006 Market • 2007-2019 SEVP & • 1992-2013 EVP & CFO • 2006-2019 SEVP & CCO • 2006-2019 SEVP & President Colonial Bank President Southeast First Financial Bank, a Southern States Bank President Central Region Region Southern States NASDAQ listed Financial Southern States Bank • 1980-1982 Vice • 1986-2006 Credit Bank Institution President Commercial Admin, Commercial Loan • 1996-2006 Senior Vice Lender AmSouth Bank • 2004-2007 Market • 1986-1992 Arthur Officer and Market President Colonial Bank President Wachovia Bank Andersen & Co President Regions Bank • 1978-1980 Vice • 1992-1996 Vice President Trust Company • 1998-2004 Commercial President SouthTrust Bank Lender Aliant Bank Bank • 1973-1978 Loan Officer/Mgt. Trainee Security Pacific Bank (1) Company insiders own 15.3% of the common shares and equivalents (1) Refers to management and directors, excluding institutional owners and a director representative of an institutional owner and a direct representative or institutional 5 owner


Our History and Growth August 2007 2007 2021 2 Branches 15 Branches and an LPO Established Anniston, AL headquarters and Opelika, AL Office with $31 million in capital at $10.00 per share Huntsville Huntsville 2008 65 65 Established a full-service banking office in Birmingham, AL Birmingham Athens Anniston 20 Birmingham Atlanta Anniston May 2012 Tuscaloosa Tuscaloosa Anniston 59 59 Acquired Alabama Trust Bank in Sylacauga, AL Columbus Opelika 16 Opelika Montgomery Savannah 75 2015 Montgomery Albany 65 Opened offices in Huntsville, AL, Carrollton, GA, and an Dothan 65 LPO in Atlanta, GA Valdosta Mobile Dothan Acquired Columbus Community Bank in Columbus, GA and opened a second location in Columbus Mobile Branch LPO 2016 Total Assets ($B) Opened Auburn, AL office Issued $4.5 million of 10 year subordinated notes $1.5 Completed $41.2 million capital raise at $14 per share $1.3 February 2017 $1.1 Completed $3.4 million local capital raise at $14 per share $0.9 $0.7 2018 $0.6 $0.5 Established a full-service banking office in Newnan, GA $0.3 $0.3 $0.3 $0.2 $0.2 $0.2 September 2019 $0.1 Closed acquisition of Small Town Bank in Wedowee, AL 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1'21 2020 through 2021 Hired 4 commercial bankers in Georgia franchise Source: S&P Global Market Intelligence; Company Documents 6 Dollars in billions Historical HighlightsOur History and Growth August 2007 2007 2021 2 Branches 15 Branches and an LPO Established Anniston, AL headquarters and Opelika, AL Office with $31 million in capital at $10.00 per share Huntsville Huntsville 2008 65 65 Established a full-service banking office in Birmingham, AL Birmingham Athens Anniston 20 Birmingham Atlanta Anniston May 2012 Tuscaloosa Tuscaloosa Anniston 59 59 Acquired Alabama Trust Bank in Sylacauga, AL Columbus Opelika 16 Opelika Montgomery Savannah 75 2015 Montgomery Albany 65 Opened offices in Huntsville, AL, Carrollton, GA, and an Dothan 65 LPO in Atlanta, GA Valdosta Mobile Dothan Acquired Columbus Community Bank in Columbus, GA and opened a second location in Columbus Mobile Branch LPO 2016 Total Assets ($B) Opened Auburn, AL office Issued $4.5 million of 10 year subordinated notes $1.5 Completed $41.2 million capital raise at $14 per share $1.3 February 2017 $1.1 Completed $3.4 million local capital raise at $14 per share $0.9 $0.7 2018 $0.6 $0.5 Established a full-service banking office in Newnan, GA $0.3 $0.3 $0.3 $0.2 $0.2 $0.2 September 2019 $0.1 Closed acquisition of Small Town Bank in Wedowee, AL 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1'21 2020 through 2021 Hired 4 commercial bankers in Georgia franchise Source: S&P Global Market Intelligence; Company Documents 6 Dollars in billions Historical Highlights


Investment Highlights Experienced and Invested Leadership Led by Chairman & CEO, Steve Whatley, with over 47 years of Experienced and banking experience (1) Invested 15.3% insider ownership Leadership Strong Organic Growth (2) Proven organic growth with 20.7% asset CAGR since 2016 Opportunistic commercial banker hirings driven by talent dislocation from recent bank consolidation in our markets Scalable Strong Organic Operating Model Growth Proven Bank M&A Strategy Successfully executed three bank deals since 2012 Disciplined M&A strategy with approximately 103 opportunities in target markets Attractive Core Deposit Franchise 97.4% core deposits with cost of deposits of 0.39% for the three months ended March 31, 2021 36.0% demand deposit CAGR since 2016 Diversified Loan Proven Bank M&A Diversified Loan Portfolio Portfolio Strategy Business-focused bank with diverse loan portfolio primarily consisting of owner-occupied business and investor-owned properties and projects Owner-operated businesses: 49.7% of loans Investor-owned properties or projects: 33.1% of loans Prudent underwriting standards and conservative risk culture Attractive Core Deposit Franchise Scalable Operating Model Recent investment in people, infrastructure and technology Well positioned to realize operating leverage with additional scale Financial Data as of 3/31/21 unless otherwise noted (1) Refers to management and directors, excluding institutional owners 7 (2) Excludes PPP loansInvestment Highlights Experienced and Invested Leadership Led by Chairman & CEO, Steve Whatley, with over 47 years of Experienced and banking experience (1) Invested 15.3% insider ownership Leadership Strong Organic Growth (2) Proven organic growth with 20.7% asset CAGR since 2016 Opportunistic commercial banker hirings driven by talent dislocation from recent bank consolidation in our markets Scalable Strong Organic Operating Model Growth Proven Bank M&A Strategy Successfully executed three bank deals since 2012 Disciplined M&A strategy with approximately 103 opportunities in target markets Attractive Core Deposit Franchise 97.4% core deposits with cost of deposits of 0.39% for the three months ended March 31, 2021 36.0% demand deposit CAGR since 2016 Diversified Loan Proven Bank M&A Diversified Loan Portfolio Portfolio Strategy Business-focused bank with diverse loan portfolio primarily consisting of owner-occupied business and investor-owned properties and projects Owner-operated businesses: 49.7% of loans Investor-owned properties or projects: 33.1% of loans Prudent underwriting standards and conservative risk culture Attractive Core Deposit Franchise Scalable Operating Model Recent investment in people, infrastructure and technology Well positioned to realize operating leverage with additional scale Financial Data as of 3/31/21 unless otherwise noted (1) Refers to management and directors, excluding institutional owners 7 (2) Excludes PPP loans


Building Shareholder Value (1) Dividends Per Share Our Strategic Focus Maintain focus on strong, profitable organic growth without compromising our pristine $0.36 credit quality Expand into new markets by hiring commercial bankers $0.10 Focus on high growth markets and further scaling our Atlanta franchise 2012 Q1 '21 Evaluate strategic acquisition opportunities Tangible Book Value Per Share Lower our cost of funds and further grow our $16.34 core deposit franchise Continue implementing technology to optimize customer service and provide efficient opportunities to scale the business $10.32 Prudently manage capital between balance sheet growth and return to shareholders 2012 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 8 (1) Annualized Q1 ’21 dividend of $0.09 per shareBuilding Shareholder Value (1) Dividends Per Share Our Strategic Focus Maintain focus on strong, profitable organic growth without compromising our pristine $0.36 credit quality Expand into new markets by hiring commercial bankers $0.10 Focus on high growth markets and further scaling our Atlanta franchise 2012 Q1 '21 Evaluate strategic acquisition opportunities Tangible Book Value Per Share Lower our cost of funds and further grow our $16.34 core deposit franchise Continue implementing technology to optimize customer service and provide efficient opportunities to scale the business $10.32 Prudently manage capital between balance sheet growth and return to shareholders 2012 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 8 (1) Annualized Q1 ’21 dividend of $0.09 per share


Deep Presence in Current Markets Combined Counties of Operation Community Deposits Market (1) Rank Bank Rank Institution ($M) Share Branches 1 -- Regions Financial Corp. $9,420 19.7 % 80 2 -- Wells Fargo & Co. 5,232 10.9 51 3 -- The PNC Financial Services Group Inc. 5,150 10.7 54 4 -- Synovus Financial Corp. 5,089 10.6 32 5 -- Truist Financial Corp. 4,535 9.5 39 6 -- BancorpSouth Bank 2,480 5.2 25 7 -- ServisFirst Bancshares Inc. 2,138 4.5 4 8 -- South State Corp. 1,459 3.0 8 9 -- First Horizon Corp. 1,350 2.8 10 10 1 Southern States Bancshares Inc. 1,113 2.3 15 11 -- Bank OZK 904 1.9 8 12 2 Progress Financial Corp. 859 1.8 5 13 3 Auburn National Bancorp. Inc. 786 1.6 7 14 4 Oakworth Capital Inc. 635 1.3 1 15 -- Bank of America Corp. 635 1.3 5 16 5 Bryant Bank 610 1.3 6 17 6 Firstbanc of Alabama Inc. 604 1.3 9 18 -- Renasant Corp. 478 1.0 9 19 7 SouthPoint Bancshares Inc. 361 0.8 4 20 -- United Community Banks Inc. 357 0.7 3 Source: S&P Global Market Intelligence; FDIC Deposit data as of 6/30/20 Combined counties include Calhoun, AL, Carroll, GA, Cleburne, AL, Coweta, GA, Jefferson, AL, Lee, AL, Madison, AL, Muscogee, GA, Paulding, GA, Randolph, AL, and Talladega, AL Caps branches at $1 billion of deposits 9 (1) Community banks defined as institutions with less than $10 billion in assets


Robust Market Dynamics Market Highlights ‘21 – ‘26 Projected Median HHI ($M) Atlanta, GA th - 9 largest Metro Area in the USA $85.7 rd - Voted 3 metro area for corporate headquarters $73.1 $69.8 $67.8 $56.7 $56.4 th - Ranked 13 Best Places for Business and Careers - 16 Fortune 500 companies headquartered in Atlanta Columbus Auburn- Birmingham Huntsville Atlanta National MSA Opelika MSA MSA MSA Average MSA Birmingham, AL - Largest market in Alabama ‘21 – ‘26 Projected Population Growth (%) - One of the lowest costs of living in America - A top 10 moving destination for new college graduates 5.7% 4.6% 4.6% - University of Alabama Birmingham serves as an international 2.9% 2.5% 1.4% leader in healthcare Birmingham Columbus Auburn- Huntsville Atlanta National rd - Voted 3 best place to live in the country by US News MSA MSA Opelika MSA MSA Average Huntsville, AL MSA - Highest concentration of engineers in the US - A Top 10 best city for jobs in STEM Major Employers - Home of the Redstone Arsenal which includes the U.S. Space and Rocket Center, NASA’s Marshall Space Flight Center, and the U.S. Army Aviation and Missile Command Auburn / - One of the fastest growing MSAs in the Southeast Opelika, AL - Auburn University contributes $5.6 billion annually and 27,000 jobs to the Alabama economy - A U.S. city with most job growth per USA Today th - Ranked 4 MSA for migration growth - Fort Benning Military Base Columbus, GA • U.S. Army Infantry and Armor Training Post • Columbus Chamber of Commerce estimates annual economic impact of $4.8 billion - Major companies headquartered include Aflac and Total Systems Services, Inc. 10 Source: U.S. Bureau of Labor Statistics; S&P Global Market Intelligence; Forbes; Money.com; Business Facilities; USA Today; Smartasset Financial Technology; US News; Auburn.eduRobust Market Dynamics Market Highlights ‘21 – ‘26 Projected Median HHI ($M) Atlanta, GA th - 9 largest Metro Area in the USA $85.7 rd - Voted 3 metro area for corporate headquarters $73.1 $69.8 $67.8 $56.7 $56.4 th - Ranked 13 Best Places for Business and Careers - 16 Fortune 500 companies headquartered in Atlanta Columbus Auburn- Birmingham Huntsville Atlanta National MSA Opelika MSA MSA MSA Average MSA Birmingham, AL - Largest market in Alabama ‘21 – ‘26 Projected Population Growth (%) - One of the lowest costs of living in America - A top 10 moving destination for new college graduates 5.7% 4.6% 4.6% - University of Alabama Birmingham serves as an international 2.9% 2.5% 1.4% leader in healthcare Birmingham Columbus Auburn- Huntsville Atlanta National rd - Voted 3 best place to live in the country by US News MSA MSA Opelika MSA MSA Average Huntsville, AL MSA - Highest concentration of engineers in the US - A Top 10 best city for jobs in STEM Major Employers - Home of the Redstone Arsenal which includes the U.S. Space and Rocket Center, NASA’s Marshall Space Flight Center, and the U.S. Army Aviation and Missile Command Auburn / - One of the fastest growing MSAs in the Southeast Opelika, AL - Auburn University contributes $5.6 billion annually and 27,000 jobs to the Alabama economy - A U.S. city with most job growth per USA Today th - Ranked 4 MSA for migration growth - Fort Benning Military Base Columbus, GA • U.S. Army Infantry and Armor Training Post • Columbus Chamber of Commerce estimates annual economic impact of $4.8 billion - Major companies headquartered include Aflac and Total Systems Services, Inc. 10 Source: U.S. Bureau of Labor Statistics; S&P Global Market Intelligence; Forbes; Money.com; Business Facilities; USA Today; Smartasset Financial Technology; US News; Auburn.edu


Loans and Deposits by Geography Metro vs. Community Markets By State $1,021 $1,021 Metro Georgia Alabama Community Markets 41% 45% Other $503 $503 (1)(2) Loans 38% 54% $228 $228 59% 55% 62% 77% 46% 100% 23% 2012 2016 Q1 '21 2012 2016 Q1 '21 $1,260 $1,260 8% 35% 56% (2) $520 $520 Deposits 21% 58% 66% $237 $237 30% 44% 6% 75% 49% 94% 34% 25% 2012 2016 Q1 '21 2012 2016 Q1 '21 Source: Company Documents Dollars in millions As of 3/31/21 Note: Metro defined as presence in any MSA with a 2021 population over 250,000 based on U.S. Census Bureau sources 11 (1) Excludes PPP Loans (2) Totals may not add to 100% due to roundingLoans and Deposits by Geography Metro vs. Community Markets By State $1,021 $1,021 Metro Georgia Alabama Community Markets 41% 45% Other $503 $503 (1)(2) Loans 38% 54% $228 $228 59% 55% 62% 77% 46% 100% 23% 2012 2016 Q1 '21 2012 2016 Q1 '21 $1,260 $1,260 8% 35% 56% (2) $520 $520 Deposits 21% 58% 66% $237 $237 30% 44% 6% 75% 49% 94% 34% 25% 2012 2016 Q1 '21 2012 2016 Q1 '21 Source: Company Documents Dollars in millions As of 3/31/21 Note: Metro defined as presence in any MSA with a 2021 population over 250,000 based on U.S. Census Bureau sources 11 (1) Excludes PPP Loans (2) Totals may not add to 100% due to rounding


Balance Sheet Growth Total Assets ($M) Total Loans ($M) PPP Loans PPP Loans $1,086 $1,459 $1,036 $61 $1,333 $61 $67 $67 $1,025 $969 $840 $1,398 $1,095 $1,266 $704 $888 $567 $736 $503 $629 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 (1) Total Deposits ($M) Loans / Deposits 95.5% $1,260 90.2% 90.0% $1,140 88.1% 85.0% $951 81.3% $776 $622 $520 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 12 (1) Excludes PPP loansBalance Sheet Growth Total Assets ($M) Total Loans ($M) PPP Loans PPP Loans $1,086 $1,459 $1,036 $61 $1,333 $61 $67 $67 $1,025 $969 $840 $1,398 $1,095 $1,266 $704 $888 $567 $736 $503 $629 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 (1) Total Deposits ($M) Loans / Deposits 95.5% $1,260 90.2% 90.0% $1,140 88.1% 85.0% $951 81.3% $776 $622 $520 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 12 (1) Excludes PPP loans


Proven M&A Strategy ALABAMA TRUST BANK Small Town Bank Columbus Community Bank Alabama Trust Bank Target: Wedowee, AL Columbus, GA Sylacauga, AL Location: Company Six Locations One Location One Location Overview Branches: September 13, 2019 October 22, 2015 May 18, 2012 Close: Deal Value: $50.0M $21.4M FDIC Assisted Whole Bank Stock / Cash Mix: 52% / 48% 100% Cash Purchase & Assumption Price / TBV: 139% 140% Transaction (2) Net Bargain Purchase Gain Price / Earnings : 14.2x 17.8x Highlights booked of $4.4 million Cost Savings: ~30% ~40% EPS Accretion: Bid Type: Discount Only Double Digits Double Digits TBV Earnback: Approx. 3 years Less than 3 years Assets ($M): $241 $126 Assets of approximately $53 million, Loans of $39M and Loans ($M): 113 101 deposits of $42M at time of announcement Deposits ($M): 202 101 Target Southern States did not pay any ROAA: 1.09% 0.97% (1) Financials premium to the FDIC to assume Net Interest Margin: 4.07% 4.35% substantially all deposits of Alabama Trust Cost of Deposits: 0.58% 0.60% Southern States purchased Core Deposits %: 96.2% 85.3% substantially all of the assets of the failed bank at a discount Source: S&P Global Market Intelligence (1) As of the quarter prior to announcement (2) Adjusted to exclude excess capital 13Proven M&A Strategy ALABAMA TRUST BANK Small Town Bank Columbus Community Bank Alabama Trust Bank Target: Wedowee, AL Columbus, GA Sylacauga, AL Location: Company Six Locations One Location One Location Overview Branches: September 13, 2019 October 22, 2015 May 18, 2012 Close: Deal Value: $50.0M $21.4M FDIC Assisted Whole Bank Stock / Cash Mix: 52% / 48% 100% Cash Purchase & Assumption Price / TBV: 139% 140% Transaction (2) Net Bargain Purchase Gain Price / Earnings : 14.2x 17.8x Highlights booked of $4.4 million Cost Savings: ~30% ~40% EPS Accretion: Bid Type: Discount Only Double Digits Double Digits TBV Earnback: Approx. 3 years Less than 3 years Assets ($M): $241 $126 Assets of approximately $53 million, Loans of $39M and Loans ($M): 113 101 deposits of $42M at time of announcement Deposits ($M): 202 101 Target Southern States did not pay any ROAA: 1.09% 0.97% (1) Financials premium to the FDIC to assume Net Interest Margin: 4.07% 4.35% substantially all deposits of Alabama Trust Cost of Deposits: 0.58% 0.60% Southern States purchased Core Deposits %: 96.2% 85.3% substantially all of the assets of the failed bank at a discount Source: S&P Global Market Intelligence (1) As of the quarter prior to announcement (2) Adjusted to exclude excess capital 13


Capital Ratios (1) (1) TCE / TA Leverage Ratio 12.8% 12.0% 12.2% 11.3% 10.6% 10.1% 9.8% 9.6% 9.8% 9.1% 9.2% 9.2% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 CET1 Ratio Total Risk-Based Capital Ratio 15.3% 15.1% 13.6% 13.4% 13.1% 12.7% 12.1% 11.5% 11.6% 11.2% 10.6% 10.2% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 14 (1) Excludes PPP loansCapital Ratios (1) (1) TCE / TA Leverage Ratio 12.8% 12.0% 12.2% 11.3% 10.6% 10.1% 9.8% 9.6% 9.8% 9.1% 9.2% 9.2% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 CET1 Ratio Total Risk-Based Capital Ratio 15.3% 15.1% 13.6% 13.4% 13.1% 12.7% 12.1% 11.5% 11.6% 11.2% 10.6% 10.2% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 Source: S&P Global Market Intelligence; Company Documents 14 (1) Excludes PPP loans


Core Deposit Franchise • Core deposit growth initiatives continue to fuel our organic strategy • Bankers are incentivized to grow core deposits • Deposit gathering capabilities enhanced through technology • Minimal dependence on brokered deposits (1) Deposit Composition – Q1 ‘21 $1,400 Core Deposit Growth $1,228 CAGR $1,200 23% 3% $365 $1,103 Demand Deposits: 36.0% $291 Other Core Deposits: 22.0% $1,000 $904 29% $188 $800 $737 37% $134 1.34% $591 $600 8% $111 1.03% $471 $863 $812 $99 $400 $716 0.60% Deposit Type ($M) % of Total 0.52% $603 0.74% $480 Demand Deposits $365 29.0 % $200 $372 NOW 95 7.5 0.39% Money Market & Savings 471 37.4 $0 Retail Time Deposits 296 23.5 2016 2017 2018 2019 2020 Q1 '21 Jumbo Time Deposits 32 2.6 Total Deposits $1,260 100.0 % Other Core Deposits Demand Deposits Cost of Deposits Source: S&P Global Market Intelligence; Company Documents Note: Jumbo Time Deposits classified as deposits larger than $250,000 15 (1) Core deposits are total deposits less jumbo time deposits


Historical Profitability Metrics (1) (1) Core ROAA Core ROATCE 1.11% 1.02% 14.2% 0.99% 0.94% 12.2% 0.85% 0.74% 10.2% 9.0% 7.5% 6.8% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 (1) (1)(2) Core Efficiency Ratio NII & NIE / Average Assets 64.3% 64.0% 3.12% 63.0% 63.0% 61.8% 60.1% 2.75% 2.66% 2.59% 2.56% 2.48% 0.76% 0.69% 0.68% 0.58% 0.47% 0.44% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 NII / AA NIE / AA Source: S&P Global Market Intelligence; Company Documents Q1 ’21 data annualized (1) Q1 ’21 core metrics exclude a $2.8mm pre-tax net gain on sale of a $20.6mm USDA loan and a $232 thousand pre-tax loss on sale of securities adjusted for taxes at 24.2%. See Appendix 1 16 (2) Excludes PPP loans Historical Profitability Metrics (1) (1) Core ROAA Core ROATCE 1.11% 1.02% 14.2% 0.99% 0.94% 12.2% 0.85% 0.74% 10.2% 9.0% 7.5% 6.8% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 (1) (1)(2) Core Efficiency Ratio NII & NIE / Average Assets 64.3% 64.0% 3.12% 63.0% 63.0% 61.8% 60.1% 2.75% 2.66% 2.59% 2.56% 2.48% 0.76% 0.69% 0.68% 0.58% 0.47% 0.44% 2016 2017 2018 2019 2020 Q1 '21 2016 2017 2018 2019 2020 Q1 '21 NII / AA NIE / AA Source: S&P Global Market Intelligence; Company Documents Q1 ’21 data annualized (1) Q1 ’21 core metrics exclude a $2.8mm pre-tax net gain on sale of a $20.6mm USDA loan and a $232 thousand pre-tax loss on sale of securities adjusted for taxes at 24.2%. See Appendix 1 16 (2) Excludes PPP loans


Asset / Liability Forecast and NIM Trends Interest Rate Model Yield/Cost Analysis Change in Forecast Change in Net Interest 5.68% Interest Rates Income over a 12-Month 5.53% 5.43% (bps) Horizon as of 3/31/21 (%) 5.25% 4.93% (9.7) 4.73% (300) 4.53% 4.24% 4.06% (4.4) 3.79% 3.81% 3.64% (200) 0.4 (100) 2.46% 2.43% 2.38% 2.30% 2.27% 2.21% 4.6 +100 1.34% 1.03% 0.73% 9.2 0.60% +200 0.52% 0.39% 13.8 2016 2017 2018 2019 2020 Q1 '21 +300 (1) (1) Yield on Loans NIM Yield on Securities Cost of Deposits Source: S&P Global Market Intelligence; Company Documents Note: Financial data as of the twelve months ended 12/31 each respective year or three months ended each quarter (1) Excludes PPP loans 17Asset / Liability Forecast and NIM Trends Interest Rate Model Yield/Cost Analysis Change in Forecast Change in Net Interest 5.68% Interest Rates Income over a 12-Month 5.53% 5.43% (bps) Horizon as of 3/31/21 (%) 5.25% 4.93% (9.7) 4.73% (300) 4.53% 4.24% 4.06% (4.4) 3.79% 3.81% 3.64% (200) 0.4 (100) 2.46% 2.43% 2.38% 2.30% 2.27% 2.21% 4.6 +100 1.34% 1.03% 0.73% 9.2 0.60% +200 0.52% 0.39% 13.8 2016 2017 2018 2019 2020 Q1 '21 +300 (1) (1) Yield on Loans NIM Yield on Securities Cost of Deposits Source: S&P Global Market Intelligence; Company Documents Note: Financial data as of the twelve months ended 12/31 each respective year or three months ended each quarter (1) Excludes PPP loans 17


Recent Developments Q2 ‘21 Highlights Strong balance sheet growth driven by continued deposit inflows and footprint-wide commercial lending efforts Core annualized net loan growth, excluding PPP credits, of 14.8% from March 31, 2021 to June 30, 2021 and of 16.0% from June 30, 2020 to June 30, 2021 Realized net income of $3.9 million for the three months ended June 30, 2021, compared to $2.9 million for the three months ended June 30, 2020, driven primarily by robust loan growth As of June 30, 2021, we have $37.7 million of PPP loans remaining and 1 loan on deferral with a balance of $3.1 million We redeemed $4.5 million of subordinated debt with a fixed-rate coupon of 6.625% using proceeds from our holding company line of credit with a rate of 3-month LIBOR plus 250 bps Q2 ‘21 Unaudited Preliminary Financial Results As of For the three months ended, (Dollars in thousands, June 30, 2020 March 31, 2021 June 30, 2021 June 30, 2020 March 31, 2021 June 30, 2021 except per share amounts) (Unaudited) (Unaudited) (Unaudited) (Dollars in thousands) (Unaudited) (Unaudited) (Unaudited) Select Period End Balance Sheet Data Performance Total Assets $1,296,124 $1,459,236 $1,514,436 Core Net Income $2,919 $3,750 $3,886 Total Loans 987,851 1,085,542 1,100,327 Core ROAA 0.93 % 1.11 % 1.05 % PPP Loans 71,677 60,846 37,764 Core ROATCE 10.4 12.2 12.1 Total Deposits 1,112,793 1,260,044 1,312,610 Net Interest Margin (excl. PPP) 3.41 3.79 3.67 Tangible Common Equity 115,248 126,040 130,409 Efficiency Ratio 66.8 60.1 61.1 Tangible Book Value per Share $15.02 $16.34 $16.90 Cost of Deposits 0.84 0.39 0.35 Source: Company Documents Preliminary and subject to review and finalization. See Important Notices and Disclaimers Note: Q2 ’21 core metrics exclude PPP fees and associated expenses, a $27 thousand pre-tax realized gain on sale of securities and $100 thousand in non-recurring IPO- related expenses; Q1 ’21 core metrics exclude PPP fees, a $2.8 million pre-tax net gain on sale of a $20.6 million USDA loan and a $232 thousand pre-tax loss on the sale of 18 securities adjusted for taxes at 24.2%Recent Developments Q2 ‘21 Highlights Strong balance sheet growth driven by continued deposit inflows and footprint-wide commercial lending efforts Core annualized net loan growth, excluding PPP credits, of 14.8% from March 31, 2021 to June 30, 2021 and of 16.0% from June 30, 2020 to June 30, 2021 Realized net income of $3.9 million for the three months ended June 30, 2021, compared to $2.9 million for the three months ended June 30, 2020, driven primarily by robust loan growth As of June 30, 2021, we have $37.7 million of PPP loans remaining and 1 loan on deferral with a balance of $3.1 million We redeemed $4.5 million of subordinated debt with a fixed-rate coupon of 6.625% using proceeds from our holding company line of credit with a rate of 3-month LIBOR plus 250 bps Q2 ‘21 Unaudited Preliminary Financial Results As of For the three months ended, (Dollars in thousands, June 30, 2020 March 31, 2021 June 30, 2021 June 30, 2020 March 31, 2021 June 30, 2021 except per share amounts) (Unaudited) (Unaudited) (Unaudited) (Dollars in thousands) (Unaudited) (Unaudited) (Unaudited) Select Period End Balance Sheet Data Performance Total Assets $1,296,124 $1,459,236 $1,514,436 Core Net Income $2,919 $3,750 $3,886 Total Loans 987,851 1,085,542 1,100,327 Core ROAA 0.93 % 1.11 % 1.05 % PPP Loans 71,677 60,846 37,764 Core ROATCE 10.4 12.2 12.1 Total Deposits 1,112,793 1,260,044 1,312,610 Net Interest Margin (excl. PPP) 3.41 3.79 3.67 Tangible Common Equity 115,248 126,040 130,409 Efficiency Ratio 66.8 60.1 61.1 Tangible Book Value per Share $15.02 $16.34 $16.90 Cost of Deposits 0.84 0.39 0.35 Source: Company Documents Preliminary and subject to review and finalization. See Important Notices and Disclaimers Note: Q2 ’21 core metrics exclude PPP fees and associated expenses, a $27 thousand pre-tax realized gain on sale of securities and $100 thousand in non-recurring IPO- related expenses; Q1 ’21 core metrics exclude PPP fees, a $2.8 million pre-tax net gain on sale of a $20.6 million USDA loan and a $232 thousand pre-tax loss on the sale of 18 securities adjusted for taxes at 24.2%


Granular Loan Portfolio Loan Composition Loans by Collateral Type Hotels/Motels Unsecur ed 7% Nur sing Homes Owner-Occupied CRE 7% 2% Equipment Far m 6% C&I 1% 31.7% Multi-Family Convenience Stor es 2.3% Non Owner-Occupied CRE 5% 5% 3.9% Shopping Center s Business Assets PPP 5% 3% Restaur ants 1-4 Family 11.1% Other 2% 6% 15.6% C&D Land 5% Chur ches Multifamily 10.0% 2% Office Consumer & Other 7% 19.8% 5.6% Residential Other Non-Owner 13% Occupied 5% (2) Other Owner C&D Concentration: 81% Retail Loan Yield : War ehouse Occupied Industr ial Stor age CRE Concentration: 255% 4.73% 5% 6% War ehouse 2% 6% Southern States Credit Philosophy Commercial Loan Growth ($M) Focus on providing credit to small and medium sized businesses $790 $752 $61 $67 Granular loan portfolio with an average loan size of $301,602 $557 $215 $173 $483 $162 (1) $351 100% of loans are in Southern States’ footprint $130 $278 $324 $345 $132 $255 $221 $111 Active participant in the PPP, providing ~580 loans totaling $102 $145 million in combined credit through 4/30/21 $126 $188 $169 $140 $132 $75 $41 2016 2017 2018 2019 2020 Q1 '21 We anticipate realizing ~$4 million in total PPP fees C&I Owner-Occupied CRE Non-Owner-Occupied CRE PPP Source: S&P Global Market Intelligence; Company Documents Dollars in millions Data as of 3/31/21 unless otherwise noted 19 (1) Includes loans with in-market clients, inclusive of any out of market properties or projects (2) Excludes PPP loansGranular Loan Portfolio Loan Composition Loans by Collateral Type Hotels/Motels Unsecur ed 7% Nur sing Homes Owner-Occupied CRE 7% 2% Equipment Far m 6% C&I 1% 31.7% Multi-Family Convenience Stor es 2.3% Non Owner-Occupied CRE 5% 5% 3.9% Shopping Center s Business Assets PPP 5% 3% Restaur ants 1-4 Family 11.1% Other 2% 6% 15.6% C&D Land 5% Chur ches Multifamily 10.0% 2% Office Consumer & Other 7% 19.8% 5.6% Residential Other Non-Owner 13% Occupied 5% (2) Other Owner C&D Concentration: 81% Retail Loan Yield : War ehouse Occupied Industr ial Stor age CRE Concentration: 255% 4.73% 5% 6% War ehouse 2% 6% Southern States Credit Philosophy Commercial Loan Growth ($M) Focus on providing credit to small and medium sized businesses $790 $752 $61 $67 Granular loan portfolio with an average loan size of $301,602 $557 $215 $173 $483 $162 (1) $351 100% of loans are in Southern States’ footprint $130 $278 $324 $345 $132 $255 $221 $111 Active participant in the PPP, providing ~580 loans totaling $102 $145 million in combined credit through 4/30/21 $126 $188 $169 $140 $132 $75 $41 2016 2017 2018 2019 2020 Q1 '21 We anticipate realizing ~$4 million in total PPP fees C&I Owner-Occupied CRE Non-Owner-Occupied CRE PPP Source: S&P Global Market Intelligence; Company Documents Dollars in millions Data as of 3/31/21 unless otherwise noted 19 (1) Includes loans with in-market clients, inclusive of any out of market properties or projects (2) Excludes PPP loans


Asset Quality Comprehensive and conservative Nonperforming Assets by Type underwriting process $20.6 Highly experienced bankers 2.5% incentivized with equity ownership $4.2 $15.4 $15.1 Commitment to a diverse loan $3.0 portfolio while maintaining strong $10.2 1.3% asset quality metrics $10.2 1.3% $6.3 Proactively manage loan $4.8 $13.4 $0.6 0.6% concentrations with all collateral $0.1 $3.1 $1.0 $1.8 $1.8 0.4% types capped at 50% of risk based $0.5 $2.9 $3.9 $3.9 $3.4 $2.1 capital 0.2% $1.8 $0.5 2016 2017 2018 2019 2020 Q1 '21 Hospitality capped in January 2020 (2) Nonaccruals ($mm) TDRs ($mm) OREO ($mm) NPAs / Loans + OREO (%) Multifamily capped in September (1) Reserves / Loans 2020 NCOs / Proactive approach to managing Avg. Loans 1.23% 1.22% problem credits 1.11% 1.11% 1.02% 0.99% Legacy Credit Issues: OREO: Shopping Center with three outparcels in Oxford, AL on balance sheet for $7.1 million and an appraised value of $7.6 million OREO: Two-story multi-use facility in Birmingham, AL on balance 2016 2017 2018 2019 2020 Q1 '21 sheet for $2.9 million and an <0.01% (0.05%) 0.10% 0.02% 0.57% 0.07% appraised value of $3.9 million Source: S&P Global Market Intelligence; Company Documents Dollars in millions 20 (1) Excludes PPP loans (2) TDRs reflect COVID-19 relief under the CARES Act and bank regulatory COVID-19 relief in 2020 and 2021Asset Quality Comprehensive and conservative Nonperforming Assets by Type underwriting process $20.6 Highly experienced bankers 2.5% incentivized with equity ownership $4.2 $15.4 $15.1 Commitment to a diverse loan $3.0 portfolio while maintaining strong $10.2 1.3% asset quality metrics $10.2 1.3% $6.3 Proactively manage loan $4.8 $13.4 $0.6 0.6% concentrations with all collateral $0.1 $3.1 $1.0 $1.8 $1.8 0.4% types capped at 50% of risk based $0.5 $2.9 $3.9 $3.9 $3.4 $2.1 capital 0.2% $1.8 $0.5 2016 2017 2018 2019 2020 Q1 '21 Hospitality capped in January 2020 (2) Nonaccruals ($mm) TDRs ($mm) OREO ($mm) NPAs / Loans + OREO (%) Multifamily capped in September (1) Reserves / Loans 2020 NCOs / Proactive approach to managing Avg. Loans 1.23% 1.22% problem credits 1.11% 1.11% 1.02% 0.99% Legacy Credit Issues: OREO: Shopping Center with three outparcels in Oxford, AL on balance sheet for $7.1 million and an appraised value of $7.6 million OREO: Two-story multi-use facility in Birmingham, AL on balance 2016 2017 2018 2019 2020 Q1 '21 sheet for $2.9 million and an <0.01% (0.05%) 0.10% 0.02% 0.57% 0.07% appraised value of $3.9 million Source: S&P Global Market Intelligence; Company Documents Dollars in millions 20 (1) Excludes PPP loans (2) TDRs reflect COVID-19 relief under the CARES Act and bank regulatory COVID-19 relief in 2020 and 2021


Multiple Acquisition Opportunities MD Potential M&A Opportunities Our Criteria IN Richmond 75 KY MO VA 24 65 Target banks headquartered in Alabama, Georgia Norfolk 81 and select Tennessee markets with assets Knoxville Nashville 95 Greensboro between $250M and $750M Raleigh 77 40 AR TN Charlotte Chattanooga Memphis — Approximately 103 potential bank opportunities NC 85 40 Huntsville 55 Columbia Birmingham Atlanta Acquisitions with tangible book value per share SC earnback less than three years MS 95 AL Columbus Jackson Montgomery GA 59 65 Immediate, significant EPS accretion 10 Mobile Tallahassee LA Jacksonville New Orleans FL Strong core funding — Approximately 58 improve cost of deposits Tennessee 18% Alabama Experienced management team 31% 103 Opportunities Attractive demographics — Approximately 53 banks improve population (1) growth Georgia 51% Source: S&P Global Market Intelligence; FDIC Data as of the three months ended 3/31/21 21 (1) Population data deposit weighted by county; deposit data as of 6/30/20Multiple Acquisition Opportunities MD Potential M&A Opportunities Our Criteria IN Richmond 75 KY MO VA 24 65 Target banks headquartered in Alabama, Georgia Norfolk 81 and select Tennessee markets with assets Knoxville Nashville 95 Greensboro between $250M and $750M Raleigh 77 40 AR TN Charlotte Chattanooga Memphis — Approximately 103 potential bank opportunities NC 85 40 Huntsville 55 Columbia Birmingham Atlanta Acquisitions with tangible book value per share SC earnback less than three years MS 95 AL Columbus Jackson Montgomery GA 59 65 Immediate, significant EPS accretion 10 Mobile Tallahassee LA Jacksonville New Orleans FL Strong core funding — Approximately 58 improve cost of deposits Tennessee 18% Alabama Experienced management team 31% 103 Opportunities Attractive demographics — Approximately 53 banks improve population (1) growth Georgia 51% Source: S&P Global Market Intelligence; FDIC Data as of the three months ended 3/31/21 21 (1) Population data deposit weighted by county; deposit data as of 6/30/20


Franchise Highlights History of robust organic growth and proven financial performance Experienced management team with ties to local markets Scalable business model supplemented by technology investments Demonstrated ability to effectively execute M&A strategy Core deposit funded franchise Diversified loan portfolio with conservative credit culture Long-term shareholder value is our primary focus 22


AppendixAppendix


Historical Selected Financials As of or for the Three Months Ended As of and for the Year Ended March 31, December 31, 2021 2020 2020 2019 2018 2017 2016 (Dollars in thousands, except per share data) Statement of Income Data: Interest Income $ 13,677 $ 12,509 $ 50,285 $ 46,955 $ 37,193 $ 29,567 $ 26,327 Interest Expense 1,393 2,727 8,708 12,106 7,528 3,858 3,190 Net Interest Income 12,284 9,782 41,577 34,849 29,665 25,709 23,136 Provision for Loan Losses 750 800 3,300 5,700 2,196 1,315 1,016 Noninterest Income 4,496 2,402 8,541 6,710 3,464 3,072 4,176 Total Noninterest Expense 8,532 7,886 32,185 27,771 20,924 18,081 17,234 Income before Income Taxes 7,498 3,498 14,633 8,088 10,009 9,385 9,062 Income Tax Expense 1,817 823 2,526 2,486 2,296 3,785 3,200 Net Income 5,681 2,675 12,107 5,602 7,713 5,600 5,862 Balance Sheet Data (Period End): Cash and Cash Equivalents $ 170,728 $ 109,517 $ 84,907 $ 115,235 $ 86,428 $ 68,528 $ 41,571 Securities 106,217 76,021 114,001 59,947 52,133 53,483 42,153 Loans held for sale 2,268 11,940 5,696 2,578 233 851 1,573 Loans, net of unearned income(1) 1,083,274 887,731 1,030,115 837,441 703,746 566,333 501,283 Allowance for Loan Losses 12,605 10,199 11,859 9,265 7,833 5,754 4,949 Loans, net 1,070,669 877,532 1,018,256 828,176 695,913 560,579 496,334 PPP Loans 60,846 — 66,556 — — — — Goodwill and Other Ingangible Assets 16,862 16,862 16,862 16,862 6,041 6,041 6,041 Other Intangibles 1,698 1,961 1,764 2027 334 462 590 Total Assets 1,459,236 1,170,381 1,332,506 1,095,491 887,607 735,531 628,578 Deposits 1,260,044 1,004,252 1,139,661 950,513 775,785 621,600 520,058 FHLB Advances 31,900 20,850 30,900 — 7,500 16,510 19,279 Other Borrowings 12,480 12,473 12,468 12,462 4,462 4,446 4,430 Other Liabilities 10,212 5,408 8,821 5,879 4,385 3,164 2,778 Total Stockholders' Equity 144,600 127,398 140,656 126,637 95,475 89,812 82,033 Per Share Data: Shares of common stock issued and outstanding 7,716,428 7,675,024 7,678,195 7,650,772 6,483,183 6,475,950 5,418,724 Diluted weighted average shares outstanding 7,794,859 7,791,229 7,765,863 6,901,621 6,515,173 6,246,065 3,308,890 Basic earnings per share $ 0.74 $ 0.35 $ 1.58 $ 0.82 $ 1.19 $ 0.90 $ 1.70 Diluted earnings per share 0.73 0.34 1.56 0.81 1.18 0.89 1.69 Book Value per share 18.74 16.60 18.32 16.55 14.73 13.87 15.14 Tangible Book Value per Share 16.34 14.15 15.89 14.08 13.74 12.86 13.92 Dividends Per Share(2) 0.09 -- 0.24 0.31 0.29 0.27 0.25 Performance Ratios: Return on Average Assets(3) 1.68 % 0.96 % 0.98 % 0.57 % 0.98 % 0.85 % 1.06 % Return on Average Stockholders' Equity(4) 16.11 8.46 9.49 5.22 8.29 6.31 12.69 Net Interest Margin 3.97 3.85 3.64 3.81 4.06 4.24 4.53 Efficiency Ratio 50.2 68.9 65.2 66.9 63.1 62.8 63.8 Noninterest Income / Average Assets(3) 1.33 0.86 0.69 0.68 0.44 0.47 0.76 Noninterest Expense / Average Assets(3) 2.53 2.84 2.59 2.82 2.66 2.75 3.12 Yield on Loans 4.87 5.43 4.93 5.68 5.43 5.25 5.53 Cost of Deposits 0.39 1.04 0.74 1.34 1.03 0.60 0.52 Loans to Deposits 86.0 88.4 90.4 88.1 90.0 90.2 95.5 Credit Quality Ratios: Nonperforming Assets to Total Assets(5) 0.97 % 1.63 % 1.03 % 1.90 % 0.50 % 0.17 % 0.34 % Nonperforming Assets to Total Loans and OREO(5) 1.29 2.14 1.32 2.47 0.63 0.22 0.42 Nonperforming Loans to Total Loans 0.36 1.55 0.34 1.65 0.55 0.13 0.40 Allowance for Loan Losses to Total Loans 1.16 1.15 1.15 1.11 1.11 1.02 0.99 Allowance for Loan Losses to Nonperforming Loans 326.81 74.03 338.00 67.13 202.20 761.78 244.70 Net Loan Charge-offs to Average Loans(6) 0.00 (0.02) 0.10 0.57 0.02 0.10 (0.06) (1) Includes non-accrual loans, loans 90 days and more past due, and PPP loans (2) The Company converted to a quarterly dividend in 2020. A dividend of $0.08 per share was paid following the first three quarters of 2020, with a dividend of $0.09 per share paid in January 2021 (3) Calculated based upon the average daily balance of total assets (4) Calculated based upon the average daily balance of total stockholders’ equity (5) Non-performing assets include all non-performing loans and other real estate owned, or OREO, properties acquired through or in lieu of foreclosure 24 (6) Calculated based upon the average daily balance of the outstanding loan principal balanceHistorical Selected Financials As of or for the Three Months Ended As of and for the Year Ended March 31, December 31, 2021 2020 2020 2019 2018 2017 2016 (Dollars in thousands, except per share data) Statement of Income Data: Interest Income $ 13,677 $ 12,509 $ 50,285 $ 46,955 $ 37,193 $ 29,567 $ 26,327 Interest Expense 1,393 2,727 8,708 12,106 7,528 3,858 3,190 Net Interest Income 12,284 9,782 41,577 34,849 29,665 25,709 23,136 Provision for Loan Losses 750 800 3,300 5,700 2,196 1,315 1,016 Noninterest Income 4,496 2,402 8,541 6,710 3,464 3,072 4,176 Total Noninterest Expense 8,532 7,886 32,185 27,771 20,924 18,081 17,234 Income before Income Taxes 7,498 3,498 14,633 8,088 10,009 9,385 9,062 Income Tax Expense 1,817 823 2,526 2,486 2,296 3,785 3,200 Net Income 5,681 2,675 12,107 5,602 7,713 5,600 5,862 Balance Sheet Data (Period End): Cash and Cash Equivalents $ 170,728 $ 109,517 $ 84,907 $ 115,235 $ 86,428 $ 68,528 $ 41,571 Securities 106,217 76,021 114,001 59,947 52,133 53,483 42,153 Loans held for sale 2,268 11,940 5,696 2,578 233 851 1,573 Loans, net of unearned income(1) 1,083,274 887,731 1,030,115 837,441 703,746 566,333 501,283 Allowance for Loan Losses 12,605 10,199 11,859 9,265 7,833 5,754 4,949 Loans, net 1,070,669 877,532 1,018,256 828,176 695,913 560,579 496,334 PPP Loans 60,846 — 66,556 — — — — Goodwill and Other Ingangible Assets 16,862 16,862 16,862 16,862 6,041 6,041 6,041 Other Intangibles 1,698 1,961 1,764 2027 334 462 590 Total Assets 1,459,236 1,170,381 1,332,506 1,095,491 887,607 735,531 628,578 Deposits 1,260,044 1,004,252 1,139,661 950,513 775,785 621,600 520,058 FHLB Advances 31,900 20,850 30,900 — 7,500 16,510 19,279 Other Borrowings 12,480 12,473 12,468 12,462 4,462 4,446 4,430 Other Liabilities 10,212 5,408 8,821 5,879 4,385 3,164 2,778 Total Stockholders' Equity 144,600 127,398 140,656 126,637 95,475 89,812 82,033 Per Share Data: Shares of common stock issued and outstanding 7,716,428 7,675,024 7,678,195 7,650,772 6,483,183 6,475,950 5,418,724 Diluted weighted average shares outstanding 7,794,859 7,791,229 7,765,863 6,901,621 6,515,173 6,246,065 3,308,890 Basic earnings per share $ 0.74 $ 0.35 $ 1.58 $ 0.82 $ 1.19 $ 0.90 $ 1.70 Diluted earnings per share 0.73 0.34 1.56 0.81 1.18 0.89 1.69 Book Value per share 18.74 16.60 18.32 16.55 14.73 13.87 15.14 Tangible Book Value per Share 16.34 14.15 15.89 14.08 13.74 12.86 13.92 Dividends Per Share(2) 0.09 -- 0.24 0.31 0.29 0.27 0.25 Performance Ratios: Return on Average Assets(3) 1.68 % 0.96 % 0.98 % 0.57 % 0.98 % 0.85 % 1.06 % Return on Average Stockholders' Equity(4) 16.11 8.46 9.49 5.22 8.29 6.31 12.69 Net Interest Margin 3.97 3.85 3.64 3.81 4.06 4.24 4.53 Efficiency Ratio 50.2 68.9 65.2 66.9 63.1 62.8 63.8 Noninterest Income / Average Assets(3) 1.33 0.86 0.69 0.68 0.44 0.47 0.76 Noninterest Expense / Average Assets(3) 2.53 2.84 2.59 2.82 2.66 2.75 3.12 Yield on Loans 4.87 5.43 4.93 5.68 5.43 5.25 5.53 Cost of Deposits 0.39 1.04 0.74 1.34 1.03 0.60 0.52 Loans to Deposits 86.0 88.4 90.4 88.1 90.0 90.2 95.5 Credit Quality Ratios: Nonperforming Assets to Total Assets(5) 0.97 % 1.63 % 1.03 % 1.90 % 0.50 % 0.17 % 0.34 % Nonperforming Assets to Total Loans and OREO(5) 1.29 2.14 1.32 2.47 0.63 0.22 0.42 Nonperforming Loans to Total Loans 0.36 1.55 0.34 1.65 0.55 0.13 0.40 Allowance for Loan Losses to Total Loans 1.16 1.15 1.15 1.11 1.11 1.02 0.99 Allowance for Loan Losses to Nonperforming Loans 326.81 74.03 338.00 67.13 202.20 761.78 244.70 Net Loan Charge-offs to Average Loans(6) 0.00 (0.02) 0.10 0.57 0.02 0.10 (0.06) (1) Includes non-accrual loans, loans 90 days and more past due, and PPP loans (2) The Company converted to a quarterly dividend in 2020. A dividend of $0.08 per share was paid following the first three quarters of 2020, with a dividend of $0.09 per share paid in January 2021 (3) Calculated based upon the average daily balance of total assets (4) Calculated based upon the average daily balance of total stockholders’ equity (5) Non-performing assets include all non-performing loans and other real estate owned, or OREO, properties acquired through or in lieu of foreclosure 24 (6) Calculated based upon the average daily balance of the outstanding loan principal balance


Non-GAAP Financial Measures Reconciliations As of and for the Quarter Ended As of and for the Year Ended December 31, 3/31/2021 2020 2019 2018 2017 2016 Net Income $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Add: Merger Expenses - - 3,373 - - - Add: Net OREO Write-Downs (Gains) - 844 (64) 37 (31) (64) Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Less: Tax Effect (644) (128) (367) 15 (10) (116) Core Net Income $3,750 $11,722 $7,272 $7,757 $5,572 $5,615 Average Assets $1,368,119 $1,241,440 $985,273 $787,202 $656,481 $552,394 Core Return on Average Assets 1.11% 0.94% 0.74% 0.99% 0.85% 1.02% Net Income $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Add: Merger Expenses - - 3,373 - - - Add: Net OREO Write-Downs (Gains) - 844 (64) 37 (31) (64) Add: Provision 750 3,300 5,700 2,196 1,315 1,016 Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Add: Income Taxes 1,817 2,526 2,486 2,296 3,785 3,200 Pretax Pre-Provision Core Net Income $5,673 $17,420 $15,091 $12,264 $10,662 $9,715 Average Assets $1,368,119 $1,241,440 $985,273 $787,202 $656,481 $552,394 Pretax Pre-Provision Core Return on Average Assets 1.68% 1.40% 1.53% 1.56% 1.62% 1.76% Total Stockholders' Equity $144,600 $140,656 $126,637 $95,475 $89,812 $82,033 Less: Intangible Assets 18,560 18,626 18,889 6,375 6,503 6,631 Less: Minority Interest - - - - - - Tangible Common Equity $126,040 $122,030 $107,748 $89,100 $83,309 $75,402 Core Net Income $3,750 $11,722 $7,272 $7,757 $5,572 $5,615 Diluted Weighted Average Shares Outstanding 7,794,859 7,765,863 6,901,621 6,515,173 6,246,065 3,308,890 Diluted Core Earnings Per Share $0.48 $1.51 $1.05 $1.19 $0.89 $1.70 25Non-GAAP Financial Measures Reconciliations As of and for the Quarter Ended As of and for the Year Ended December 31, 3/31/2021 2020 2019 2018 2017 2016 Net Income $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Add: Merger Expenses - - 3,373 - - - Add: Net OREO Write-Downs (Gains) - 844 (64) 37 (31) (64) Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Less: Tax Effect (644) (128) (367) 15 (10) (116) Core Net Income $3,750 $11,722 $7,272 $7,757 $5,572 $5,615 Average Assets $1,368,119 $1,241,440 $985,273 $787,202 $656,481 $552,394 Core Return on Average Assets 1.11% 0.94% 0.74% 0.99% 0.85% 1.02% Net Income $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Add: Merger Expenses - - 3,373 - - - Add: Net OREO Write-Downs (Gains) - 844 (64) 37 (31) (64) Add: Provision 750 3,300 5,700 2,196 1,315 1,016 Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Add: Income Taxes 1,817 2,526 2,486 2,296 3,785 3,200 Pretax Pre-Provision Core Net Income $5,673 $17,420 $15,091 $12,264 $10,662 $9,715 Average Assets $1,368,119 $1,241,440 $985,273 $787,202 $656,481 $552,394 Pretax Pre-Provision Core Return on Average Assets 1.68% 1.40% 1.53% 1.56% 1.62% 1.76% Total Stockholders' Equity $144,600 $140,656 $126,637 $95,475 $89,812 $82,033 Less: Intangible Assets 18,560 18,626 18,889 6,375 6,503 6,631 Less: Minority Interest - - - - - - Tangible Common Equity $126,040 $122,030 $107,748 $89,100 $83,309 $75,402 Core Net Income $3,750 $11,722 $7,272 $7,757 $5,572 $5,615 Diluted Weighted Average Shares Outstanding 7,794,859 7,765,863 6,901,621 6,515,173 6,246,065 3,308,890 Diluted Core Earnings Per Share $0.48 $1.51 $1.05 $1.19 $0.89 $1.70 25


Non-GAAP Financial Measures Reconciliations As of and for the Quarter Ended As of and for the Year Ended December 31, 3/31/2021 2020 2019 2018 2017 2016 Tangible Common Equity $126,040 $122,030 $107,748 $89,100 $83,309 $75,402 Common Shares Outstanding at Year End 7,715,529 7,678,195 7,650,772 6,483,183 6,475,950 5,418,724 Tangible Book Value per Share $16.34 $15.89 $14.08 $13.74 $12.86 $13.92 Total Assets at End of Period $1,459,236 $1,332,506 $1,095,491 $887,607 $735,531 $628,578 Less: Intangible Assets 18,560 18,626 18,889 6,375 6,503 6,631 Adjusted Assets at End of Period $1,440,676 $1,313,880 $1,076,602 $881,232 $729,028 $621,947 Tangible Common Equity to Tangible Assets 8.75% 9.29% 10.01% 10.11% 11.43% 12.12% Total Average Stockholder's Equity $143,058 $134,029 $107,330 $93,086 $88,694 $46,178 Less: Average Intangible Assets 18,601 18,764 10,386 6,442 6,569 6,642 Less: Average Minority Interest - - - - - - Average Tangible Common Equity $124,457 $115,265 $96,944 $86,644 $82,125 $39,536 Net Income to Common Shareholders $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Return on Average Tangible Common Equity 18.51% 10.50% 5.78% 8.90% 6.82% 14.83% Average Tangible Common Equity $124,457 $115,265 $96,944 $86,644 $82,125 $39,536 Core Net Income 3,750 11,722 7,272 7,757 5,572 5,615 Core Return on Average Tangible Common Equity 12.22% 10.17% 7.50% 8.95% 6.78% 14.20% Net Interest Income $12,284 $41,577 $34,849 $29,665 $25,709 $23,136 Add: Noninterest Income 4,496 8,541 6,710 3,464 3,072 4,176 Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Operating Revenue $14,205 $48,761 $39,554 $33,151 $28,774 $27,013 Expenses: Total Noninterest Expenses $8,532 $32,185 $27,771 $20,924 $18,081 $17,234 Less: Merger Expenses - - 3,373 - - - Less: Net OREO Write-Down (Gains) - 844 (64) 37 (31) (64) Adjusted Noninterest Expenses $8,532 $31,341 $24,462 $20,887 $18,112 $17,298 Core Efficiency Ratio 60.06% 64.27% 61.84% 63.01% 62.95% 64.04% 26Non-GAAP Financial Measures Reconciliations As of and for the Quarter Ended As of and for the Year Ended December 31, 3/31/2021 2020 2019 2018 2017 2016 Tangible Common Equity $126,040 $122,030 $107,748 $89,100 $83,309 $75,402 Common Shares Outstanding at Year End 7,715,529 7,678,195 7,650,772 6,483,183 6,475,950 5,418,724 Tangible Book Value per Share $16.34 $15.89 $14.08 $13.74 $12.86 $13.92 Total Assets at End of Period $1,459,236 $1,332,506 $1,095,491 $887,607 $735,531 $628,578 Less: Intangible Assets 18,560 18,626 18,889 6,375 6,503 6,631 Adjusted Assets at End of Period $1,440,676 $1,313,880 $1,076,602 $881,232 $729,028 $621,947 Tangible Common Equity to Tangible Assets 8.75% 9.29% 10.01% 10.11% 11.43% 12.12% Total Average Stockholder's Equity $143,058 $134,029 $107,330 $93,086 $88,694 $46,178 Less: Average Intangible Assets 18,601 18,764 10,386 6,442 6,569 6,642 Less: Average Minority Interest - - - - - - Average Tangible Common Equity $124,457 $115,265 $96,944 $86,644 $82,125 $39,536 Net Income to Common Shareholders $5,681 $12,107 $5,602 $7,713 $5,600 $5,862 Return on Average Tangible Common Equity 18.51% 10.50% 5.78% 8.90% 6.82% 14.83% Average Tangible Common Equity $124,457 $115,265 $96,944 $86,644 $82,125 $39,536 Core Net Income 3,750 11,722 7,272 7,757 5,572 5,615 Core Return on Average Tangible Common Equity 12.22% 10.17% 7.50% 8.95% 6.78% 14.20% Net Interest Income $12,284 $41,577 $34,849 $29,665 $25,709 $23,136 Add: Noninterest Income 4,496 8,541 6,710 3,464 3,072 4,176 Less: Gain on Sale of USDA Loan 2,807 - - - - - Less: Non-Recurring Noninterest Income - 615 1,992 - - - Less: Gain (Loss) on Sale of Securities (232) 742 14 (22) 7 299 Operating Revenue $14,205 $48,761 $39,554 $33,151 $28,774 $27,013 Expenses: Total Noninterest Expenses $8,532 $32,185 $27,771 $20,924 $18,081 $17,234 Less: Merger Expenses - - 3,373 - - - Less: Net OREO Write-Down (Gains) - 844 (64) 37 (31) (64) Adjusted Noninterest Expenses $8,532 $31,341 $24,462 $20,887 $18,112 $17,298 Core Efficiency Ratio 60.06% 64.27% 61.84% 63.01% 62.95% 64.04% 26


Non-GAAP Financial Measures Reconciliations Preliminary & Unaudited As of or for the quarter ended 6/30/2021 Balance Sheet and Capital Profitability Total Stockholders' Equity $148,903 Net Income $3,906 Less: Intangible Assets 18,494 Add: Merger Expenses - Less: Minority Interest - Add: Net OREO Write-Downs (Gains) - Less: Gain on Sale of USDA Loan - Tangible Common Equity $130,409 Less: Non-Recurring Noninterest Income - Common Shares Outstanding at End of Period 7,715,529 Less: Gain (Loss) on Sale of Securities 27 Tangible Book Value per Share $16.89 Less: Tax Effect (6) Total Assets at End of Period $1,514,436 Core Net Income $3,886 Less: Intangible Assets 18,494 Average Assets $1,491,372 Adjusted Assets at End of Period $1,495,942 Core Return on Average Assets 1.05% Tangible Common Equity to Tangible Assets 8.72% Total Average Stockholder's Equity $147,483 Less: Average Intangible Assets 18,535 Less: Average Minority Interest - Average Tangible Common Equity $128,948 Net Income to Common Shareholders $3,906 Return on Average Tangible Common Equity 12.1% Average Tangible Common Equity $128,948 Core Net Income 3,886 Core Return on Average Tangible Common Equity 12.1% 27Non-GAAP Financial Measures Reconciliations Preliminary & Unaudited As of or for the quarter ended 6/30/2021 Balance Sheet and Capital Profitability Total Stockholders' Equity $148,903 Net Income $3,906 Less: Intangible Assets 18,494 Add: Merger Expenses - Less: Minority Interest - Add: Net OREO Write-Downs (Gains) - Less: Gain on Sale of USDA Loan - Tangible Common Equity $130,409 Less: Non-Recurring Noninterest Income - Common Shares Outstanding at End of Period 7,715,529 Less: Gain (Loss) on Sale of Securities 27 Tangible Book Value per Share $16.89 Less: Tax Effect (6) Total Assets at End of Period $1,514,436 Core Net Income $3,886 Less: Intangible Assets 18,494 Average Assets $1,491,372 Adjusted Assets at End of Period $1,495,942 Core Return on Average Assets 1.05% Tangible Common Equity to Tangible Assets 8.72% Total Average Stockholder's Equity $147,483 Less: Average Intangible Assets 18,535 Less: Average Minority Interest - Average Tangible Common Equity $128,948 Net Income to Common Shareholders $3,906 Return on Average Tangible Common Equity 12.1% Average Tangible Common Equity $128,948 Core Net Income 3,886 Core Return on Average Tangible Common Equity 12.1% 27