Southern Bank of Tennessee

Headquarters

675 N Mount Juliet Rd
Mount Juliet, TN 37122
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.42% 0.70% →
2-Year CD 0.74% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Southern Bank of Tennessee is an FDIC insured institution located in Mount Juliet, TN. It was founded in 1999 and has approximately $0.35 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34847
Date Established 1999
Assets $ 348.33 million
Loans $ 246.47 million
Deposits $ 305.20 million
Capital $ 42.38 million
 

For a more detailed analysis of Southern Bank of Tennessee's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.42% $10,000 $14,999 Learn More
12 Mo CD
0.42% $100,000 $199,999 Learn More
18 Mo CD
0.38% $10,000 $14,999 Learn More
18 Mo CD
0.38% $100,000 $199,999 Learn More
24 Mo CD
0.74% $10,000 $14,999 Learn More
24 Mo CD
0.74% $100,000 $199,999 Learn More
30 Mo CD
0.53% $10,000 $14,999 Learn More
30 Mo CD
0.53% $100,000 $199,999 Learn More
36 Mo CD
0.69% $10,000 $14,999 Learn More
36 Mo CD
0.69% $100,000 $199,999 Learn More
48 Mo CD
0.76% $10,000 $14,999 Learn More
48 Mo CD
0.76% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Southern Bank of Tennessee

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.582% 2.500%
0.63 points
$2,700 fees
$988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.465% 3.375%
0.63 points
$2,812 fees
$1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.669% 2.625%
0.63 points
$1,435 fees
$1,005 Learn More
CIT Bank
NMLS ID: 541760
2.983% 2.950%
0.38 points
$1,055 fees
$1,048 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Southern Bank of Tennessee
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Southern Bank of Tennessee branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Southern Bank of Tennessee Locations


Financial Details

Southern Bank of Tennessee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southern Bank of Tennessee. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Southern Bank of Tennessee U.S. Bank Average
2.36% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, Southern Bank of Tennessee had $576,000 in non-current loans and $475,000 in owned real estate. To cover these potential losses it had $42,377,000 in equity and $2,111,000 in loans loss reserves. That gives it a Texas Ratio of 2.36%.

Return on Equity
Southern Bank of Tennessee U.S. Bank Average
6.7% 9.24%

Southern Bank of Tennessee has a Return on Equity of 6.7% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Southern Bank of Tennessee U.S. Bank Average
12.17% 11.96%

Southern Bank of Tennessee has a Capitalization of 12.17% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Southern Bank of Tennessee Balance Sheet Analysis

As of December 31, 2020, Southern Bank of Tennessee had assets of $348,330,000, loans of $246,472,000, and deposits of $305,195,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 55.91 million
Interest-bearing balances $ 52.69 million
Total securities $ 24.27 million
Federal funds sold and reverse repurchase $ 2.42 million
Net loans and leases $ 246.47 million
Loan loss allowance $ 2.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.48 million
Goodwill and other intangibles $ 2.37 million
All other assets $ 2.80 million
     Total Assets $ 305.95 million
LIABILITIES
Total deposits $ 305.20 million
      Interest-bearing deposits $ 253.35 million
      Deposits held in domestic offices $ 305.20 million
      % insured (estimated) 75.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.76 million
      Total Liabilities $ 305.95 million
      Shareholders’ Equity $ 42.38 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 13.17 million
Total Interest Expense $ 2.76 million
Net interest income $ 10.41 million
Provision for loan and lease losses $ 0.19 million
Total non interest income $ 2.95 million
Total non interest expense $ 10.30 million
Pre-tax Net Operating Income $ 2.88 million

Bank Loan Profile?

The top three loan types in Southern Bank of Tennessee’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks, Southern Bank of Tennessee’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.55
Multifamily
Mortgages
4.28
Credit Card Loans 0.00
Consumer Auto Loans 0.56
Small Business Loans 11.10
Construction and Development Loans 13.73
Commercial Real Estate 26.22
Commercial and Industrial Loans 12.65
Farm Loans 0.01

Frequently Asked Questions About Southern Bank Of Tennessee

Branches and Savings

Is Southern Bank Of Tennessee FDIC insured?

Yes. It is covered under FDIC Certificate #34847.

Why does Southern Bank Of Tennessee pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Southern Bank Of Tennessee CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Southern Bank Of Tennessee a commercial bank?

Yes

Where are Southern Bank Of Tennessee locations?

See branch locations nearby.

Is Southern Bank Of Tennessee open on Saturdays?

Is Southern Bank Of Tennessee open on Sundays?

What time does Southern Bank Of Tennessee open?

What time does Southern Bank Of Tennessee close?

Are Southern Bank Of Tennessee ATMs Open 24/7?

Do Southern Bank Of Tennessee ATMs accept cash deposits?

Can Southern Bank Of Tennessee customers use other ATMs?

Do Southern Bank Of Tennessee branches have notaries?

Will Southern Bank Of Tennessee notarize my document?

What address for Southern Bank Of Tennessee should I put for incoming ACH transfers?

Will the Southern Bank Of Tennessee branch print checks?

Do Southern Bank Of Tennessee checks expire?

Does Southern Bank Of Tennessee require US citizenship to open account?

Can Southern Bank Of Tennessee close my account?

Does Southern Bank Of Tennessee Report to credit bureaus?

Does Southern Bank Of Tennessee Use Equifax?

What is Southern Bank Of Tennessee's ACH Routing Number?

What is Southern Bank Of Tennessee's SWIFT code?

Products

Does Southern Bank Of Tennessee offer mortgages?

Compare mortgage rates here.

Does Southern Bank Of Tennessee offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southern Bank Of Tennessee offer personal loans?

Compare personal loan rates here.

Does Southern Bank Of Tennessee offer student loans?

Will Southern Bank Of Tennessee cash a check?

Will Southern Bank Of Tennessee redeem a savings bond?

Does Southern Bank Of Tennessee cash savings bonds?

Will Southern Bank Of Tennessee cash money orders?

Can Southern Bank Of Tennessee issue a money order?

Does Southern Bank Of Tennessee do currency exchange?

Background on The Bank

Who owns Southern Bank Of Tennessee?

How long has Southern Bank Of Tennessee been around?

Can Southern Bank Of Tennessee transfer to other banks?

Does Southern Bank Of Tennessee have quick pay?

Does Southern Bank Of Tennessee accept rolled coins?

Will Southern Bank Of Tennessee accept loose change?

Where is Southern Bank Of Tennessee headquarters?

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