The Southern Bank Company

221 S Sixth St
Gadsden, AL 35901

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29731
Date Established 1936
Assets $0.10 billion
Loans $0.07 billion
Deposits $0.08 billion
Capital $0.01 billion

The Southern Bank Company is an FDIC insured institution located in Gadsden, AL. It was founded in 1936 and has approximately $0.1 billion in assets. Customers can open an account at one of its 4 branches.

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

Bank Loan Profile?

The top three loan types in The Southern Bank Company’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Alabama, The Southern Bank Company has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 16.42
Multifamily
Mortgages
2.73
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 16.56
Construction and Development Loans 10.05
Commercial Real Estate 26.21
Commercial and Industrial Loans 26.17
Farm Loans 0.40

Deposit Rates - December 9, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $10,000 - Learn MoreShow Less
Premium Money Market Account
0.10% $1 $34,999 Learn MoreShow Less
CD Rates APY MIN MAX
12 Mo CD
1.25% $1,000 - Learn MoreShow Less
24 Mo CD
1.50% $1,000 - Learn MoreShow Less
Special: 24 Mo CD
2.50% $10,000 - Learn MoreShow Less
36 Mo CD
2.00% $1,000 - Learn MoreShow Less
60 Mo CD
2.50% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.25% $250 - Learn MoreShow Less
Special: 24 Mo FIRA
2.50% $10,000 - Learn MoreShow Less

Loan Rates - December 9, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Southern Bank Company

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.514% 4.500% 0.13 $418 $1,267 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

Note to The Southern Bank Company
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Branches

The Southern Bank Company 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:
Ashburn,Virginia


The Southern Bank Company Locations

Financial Details

The Southern Bank Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Southern Bank Company. 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
The Southern Bank Company U.S. Bank Average
16.99% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, The Southern Bank Company had $1,885,000 in non-current loans and $68,000 in owned real estate. To cover these potential losses it had $10,400,000 in equity and $1,093,000 in loans loss reserves. That gives it a Texas Ratio of 16.99%.

Return on Equity
The Southern Bank Company U.S. Bank Average
3.4% 9.77%

The Southern Bank Company has a Return on Equity of 3.4% versus the BestCashCow average of 9.77%. 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
The Southern Bank Company U.S. Bank Average
10.8% 12.31%

The Southern Bank Company has a Capitalization of 10.8% versus the BestCashCow average of 12.31. 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.

The Southern Bank Company Balance Sheet Analysis

As of June 30, 2018, The Southern Bank Company had assets of $96,330,000, loans of $69,002,000, and deposits of $77,555,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 91.27%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The Southern Bank Company

Branches and Savings

Is The Southern Bank Company FDIC insured?

Yes. It is covered under FDIC Certificate #29731.

Why does The Southern Bank Company pay such low interest on savings accounts?

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

Why are The Southern Bank Company CD rates not competitive?

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

Is The Southern Bank Company a commercial bank?

Yes

Where are The Southern Bank Company locations?

See branch locations nearby.

Is The Southern Bank Company open on Saturdays?

Is The Southern Bank Company open on Sundays?

What time does The Southern Bank Company open?

What time does The Southern Bank Company close?

Are The Southern Bank Company ATMs Open 24/7?

Do The Southern Bank Company ATMs accept cash deposits?

Can The Southern Bank Company customers use other ATMs?

Do The Southern Bank Company branches have notaries?

Will The Southern Bank Company notarize my document?

What address for The Southern Bank Company should I put for incoming ACH transfers?

Will the The Southern Bank Company branch print checks?

Do The Southern Bank Company checks expire?

Does The Southern Bank Company require US citizenship to open account?

Can The Southern Bank Company close my account?

Does The Southern Bank Company Report to credit bureaus?

Does The Southern Bank Company Use Equifax?

What is The Southern Bank Company's ACH Routing Number?

What is The Southern Bank Company's SWIFT code?

Products

Does The Southern Bank Company offer mortgages?

Compare mortgage rates here.

Does The Southern Bank Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Southern Bank Company offer personal loans?

Compare personal loan rates here.

Does The Southern Bank Company offer student loans?

Will The Southern Bank Company cash a check?

Will The Southern Bank Company redeem a savings bond?

Does The Southern Bank Company cash savings bonds?

Will The Southern Bank Company cash money orders?

Can The Southern Bank Company issue a money order?

Does The Southern Bank Company do currency exchange?

Background on The Bank

Who owns The Southern Bank Company?

How long has The Southern Bank Company been around?

Can The Southern Bank Company transfer to other banks?

Does The Southern Bank Company have quick pay?

Does The Southern Bank Company accept rolled coins?

Will The Southern Bank Company accept loose change?

Where is The Southern Bank Company headquarters?

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*All images, logos and public notes on this page appear courtesy of The Southern Bank Company and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.