Southern Bank and Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Southern Bank and Trust Company is an FDIC-insured commercial bank headquartered in Mount Olive, NC, established in 1901 (FDIC certificate 15359), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $5.30B, up 7.3% from Q2 2025, the 6th largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 12.68% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15359
- Headquarters
- Mount Olive, NC
- Established
- 1901
- Total assets, Q2 2026
- $5.30B
- Assets vs Q2 2025
- +7.3%
- CET1 ratio, Q2 2026
- 12.68%
- Domestic offices
- 56 FDIC institution directory, current count
- Routing number
- 053102586
- Latest call report
- Q2 2026, FFIEC 041 · Southern Bank and Trust Company call report
- Holding company
- SOUTHERN BANCSHARES (N.C.), INC.
- Asset rank in state
- 6th of 38 in North Carolina
Southern Bank and Trust Company is one of the more profitable banks of its size. Its balance sheet stood at $5.3 billion at June 30, 2026, up 7.3% from a year earlier; it is based in Mount Olive, North Carolina. It returns 23.3% a year on shareholders' equity, about double the median of 12.6% for the 895 banks with $1 billion to $10 billion in assets. It also pays an average of 1.00% on its deposits and borrowings, about half the median of 2.01% for banks its size.
Earnings jumped: net income for the quarter was $25 million, 42% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $159 million equal 30% of Tier 1 capital, down from 38% a year earlier.
As of June 30, 2026, Southern Bank and Trust Company reported a CET1 capital ratio of 12.68%, a return on assets of 1.83%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 1.10%. The figures come from its call report filed with the FFIEC.
Southern Bank and Trust Company ranks as the 6th largest of the 38 banks based in North Carolina, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.0% to $5.30B, loans rose 3.7% and deposits rose 1.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 35.7% of total loans, ahead of owner-occupied commercial real estate loans at 25.5%. Its 56 offices in the FDIC Summary of Deposits are in 46 cities across 2 states; its Ahoskie office books 11% of its branch deposits. Judged on its Q2 2026 call report, Southern Bank and Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 N Center St, Mount Olive, NC 28365
- County
- Wayne
- Metro Area
- Goldsboro, NC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1901
- Domestic offices
- 56 FDIC institution directory, current count
- Employees (FTE)
- 603
- Domestic deposits
- $4.83B
- Allowance for credit losses
- $37.7M
- Net charge-offs (YTD)
- $64K
- Average total assets
- $5.50B
- Average total loans
- $3.53B
- Average interest-bearing deposits
- $3.31B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- March 2, 1936
- FDIC Cert
- 15359
- Fed RSSD
- 717924
- SEC CIK
- 703904 → filed by SOUTHERN BANCSHARES (N.C.), INC.
- Website
- www.southernbank.com →
- Parent Holding Company
- SOUTHERN BANCSHARES (N.C.), INC. (RSSD 1075694)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Southern Bank and Trust Company's total assets ranged from $4.66B (Q3 2023) to $5.30B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$5.30B total assets against $4.94B; $4.87B total liabilities against $4.55B.
$3.57B net loans and leases against $3.29B; $4.83B total deposits against $4.48B.
$1.31B securities against $1.28B; $223.1M cash and balances due against $164.6M.
$59.0M total interest income against $53.1M; $12.2M total interest expense against $14.5M.
$46.9M net interest income against $38.6M.
$8.5M total noninterest income against $7.3M; $28.8M total noninterest expense against $26.8M.
$1.3M provision for credit losses against $230K.
$25.2M net income against $17.7M.
1.83% return on assets against 1.37%; 3.59% net interest margin against 3.11%.
12.68% CET1 capital ratio against 13.28%; 9.63% tier 1 leverage ratio against 9.98%.
Inside the full Southern Bank and Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSouthern Bank and Trust Company rankings
Its closest position to the top of a national ranking is 273 of 4,196, for total assets; its furthest is 2,636 of 3,640, for Texas Ratio.
Metric pages for Southern Bank and Trust Company: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.44% (Q1 2025) to 2.01% (Q4 2025) and its net interest margin ran from 2.57% (Q3 2024) to 3.59% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.68% | 1.83% | 0.12% | 1.10% | 3.59% |
| Q1 2026 | 13.12% | 0.85% | 0.12% | 0.94% | 3.50% |
| Q4 2025 | 12.93% | 2.01% | 0.13% | 1.00% | 3.40% |
| Q3 2025 | 13.44% | 0.69% | 0.15% | 1.18% | 3.20% |
| Q2 2025 | 13.28% | 1.37% | 0.14% | 1.20% | 3.11% |
| Q1 2025 | 13.23% | 0.44% | 0.17% | 1.45% | 2.83% |
| Q4 2024 | 13.16% | 1.70% | 0.18% | 1.70% | 2.68% |
| Q3 2024 | 12.85% | 1.18% | 0.20% | 1.70% | 2.57% |
Swipe the table sideways to see every column.
Branch Network
View all 56 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Ahoskie Branch | Ahoskie , NC | 27910 | $542.1M |
| North Breazeale Branch | Mount Olive , NC | 28365 | $224.1M |
| Norfolk Branch | Norfolk , VA | 23510 | $182.0M |
| East Ash Branch | Goldsboro , NC | 27534 | $170.1M |
| Nashville Branch | Nashville , NC | 27856 | $161.2M |
| Westridge Branch | Rocky Mount , NC | 27804 | $133.8M |
| Windsor Branch | Windsor , NC | 27983 | $128.7M |
| Lynnhaven Branch | Virginia Beach , VA | 23452 | $126.8M |
| Volvo Branch | Chesapeake , VA | 23320 | $125.0M |
| Wilmington Office | Wilmington , NC | 28405 | $120.9M |
| Greenville Main Branch | Greenville , NC | 27858 | $120.9M |
| Wilson Branch | Wilson , NC | 27896 | $117.0M |
| Manteo Branch | Manteo , NC | 27954 | $113.0M |
| Greenville Medical Center | Greenville , NC | 27834 | $112.8M |
| Rocky Mount Branch | Rocky Mount , NC | 27804 | $105.5M |
| Raleigh Office | Raleigh , NC | 27612 | $105.4M |
| Middlesex Branch | Middlesex , NC | 27557 | $103.7M |
| Hilltop Branch | Virginia Beach , VA | 23454 | $103.5M |
| Benvenue Branch | Rocky Mount , NC | 27804 | $100.1M |
| Edenton | Edenton , NC | 27932 | $95.4M |
| Kill Devil Hills Branch | Kill Devil Hills , NC | 27948 | $94.6M |
| Belhaven Branch | Belhaven , NC | 27810 | $91.1M |
| Elizabeth City Branch | Elizabeth City , NC | 27909 | $83.6M |
| Winterville Branch | Winterville , NC | 28590 | $82.5M |
| Kenansville Branch | Kenansville , NC | 28349 | $79.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 2016 | Structure Change | Acquired Heritage Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2013 | Structure Change | Acquired The Heritage Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 24, 2011 | Structure Change | Acquired Bank of the Commonwealth Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 23, 2011 | Merger | Participated in FDIC Assisted Merger | FDIC |
| May 16, 1998 | Structure Change | Acquired Esb Bancorp, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 15, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 9, 1993 | Structure Change | Acquired First American Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 10, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 10, 1993 | Structure Change | Acquired Citizens Savings Bank, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 30, 1986 | Structure Change | Acquired Tarheel Bank & Trust Co. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 29, 1986 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1973 | Structure Change | Acquired Merchants & Farmers Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 1973 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 23, 1969 | Structure Change | Acquired Roanoke Chowan Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 16 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in NC, rank 14 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,932 applications, 1,557 loans originated, $440.7M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $1.1M approved, $228K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Southern Bank and Trust Company
What are Southern Bank and Trust Company's total assets?
As of the Q2 2026 filing, Southern Bank and Trust Company reported total assets of $5.30 billion in its FFIEC call report.
Where is Southern Bank and Trust Company headquartered?
It is headquartered in Mount Olive, NC, United States.
When was Southern Bank and Trust Company founded?
It was established in 1901, per the FDIC institution directory.
Is Southern Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15359). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Southern Bank and Trust Company?
Southern Bank and Trust Company's primary federal regulator is the FDIC.
What is Southern Bank and Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.68% in its Q2 2026 call report, above regulatory requirements.
How many branches does Southern Bank and Trust Company operate?
It operates 56 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Southern Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 1.10% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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