The Southern Bank Company
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Data as of · sourced from FFIEC call reports. How we update
The Southern Bank Company is an FDIC-insured commercial bank headquartered in Gadsden, AL, established in 1936 (FDIC certificate 29731), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $133.1M, up 6.5% from Q2 2025, the 74th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.05% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 29731
- Headquarters
- Gadsden, AL
- Established
- 1936
- Total assets, Q2 2026
- $133.1M
- Assets vs Q2 2025
- +6.5%
- Tier 1 leverage ratio, Q2 2026
- 15.05%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 262285663
- Latest call report
- Q2 2026, FFIEC 041 · The Southern Bank Company call report
- Holding company
- SOUTHERN BANC COMPANY, INC., THE
- Asset rank in state
- 74th of 93 in Alabama
The Southern Bank Company, based in Gadsden, Alabama, reported $133 million in assets at June 30, 2026, up 6.5% from a year earlier. It grew its loan book 16.8% over the year, about triple the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 2.63% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.89% of loans from 3.87%. Loans are outrunning deposits: over the year loans rose 16.8% and deposits rose 3.0%.
As of June 30, 2026, The Southern Bank Company reported a return on assets of 1.49%, a nonperforming-loan ratio of 1.89% and a Texas ratio of 6.59%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Southern Bank Company is the 74th largest of the 93 banks headquartered in Alabama. From Q1 2026 to Q2 2026, its total assets rose 3.8% to $133.1M, loans rose 18.2% and deposits rose 2.3%. Commercial and industrial loans made up 62.9% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 15.9%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in AL; its Gadsden office books 54% of its branch deposits. On its Q2 2026 call report, The Southern Bank Company meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 221 S 6th St, Gadsden, AL 35901
- County
- Etowah
- Metro Area
- Gadsden, AL
- 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 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- June 1, 1936
- Former names
- The Southern Bank Company (1999); First Federal Savings and Loan Association of Gadsden (1993-1999)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 40
- Domestic deposits
- $104.8M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- -$215K
- Average total assets
- $133.0M
- Average total loans
- $65.5M
- Average interest-bearing deposits
- $91.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29731
- Fed RSSD
- 117775
- SEC CIK
- 946453 → filed by SOUTHERN BANC COMPANY, INC., THE
- Website
- www.sobanco.com →
- Parent Holding Company
- SOUTHERN BANC COMPANY, INC., THE (RSSD 2496193)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, The Southern Bank Company reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The Southern Bank Company's total assets moved between a low of $106.0M (Q3 2023) and a high of $133.1M (Q2 2026) from Q3 2023 to 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
$133.1M total assets against $125.0M; $115.2M total liabilities against $108.9M.
$66.5M net loans and leases against $56.5M; $104.8M total deposits against $101.8M.
$43.4M securities against $39.3M; $19.4M cash and balances due against $25.5M.
$3.5M total interest income against $3.0M; $674K total interest expense against $681K.
$2.9M net interest income against $2.3M.
$106K total noninterest income against $154K; $2.0M total noninterest expense against $2.0M.
$330K provision for credit losses against $249K.
$496K net income against $142K.
1.49% return on assets against 0.43%; 8.84% net interest margin against 7.09%.
15.05% tier 1 leverage ratio against 14.26%.
Inside the full The Southern Bank Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Southern Bank Company rankings
Its closest position to the top of a national ranking is 1,025 of 3,640, for Texas Ratio; its furthest is 3,431 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.43% (Q2 2025) to 1.49% (Q2 2026) and its net interest margin ran from 7.09% (Q2 2025) to 8.84% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.05% | 1.49% | 1.89% | 6.59% | 8.84% |
| Q1 2026 | 14.96% | 1.11% | 3.15% | 9.67% | 7.54% |
| Q4 2025 | 14.48% | 1.12% | 3.15% | 10.17% | 7.31% |
| Q3 2025 | 14.62% | 0.59% | 3.39% | 10.82% | 7.17% |
| Q2 2025 | 14.26% | 0.43% | 3.87% | 12.53% | 7.09% |
| Q1 2025 | 14.58% | 0.73% | 3.75% | 13.10% | 7.14% |
| Q4 2024 | 15.27% | 1.25% | 0.68% | 2.44% | 7.53% |
| Q3 2024 | 15.39% | 0.61% | 0.31% | 1.12% | 7.57% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| The Southern Bank Company | Gadsden , AL | 35901 | $56.4M |
| 390 West Main Street Branch | Centre , AL | 35960 | $33.1M |
| 2204 Henry Street Branch | Guntersville , AL | 35976 | $10.3M |
| East Main Street Branch | Albertville , AL | 35950 | $5.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 107 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2017 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 The Southern Bank Company
What are The Southern Bank Company's total assets?
As of the Q2 2026 filing, The Southern Bank Company reported total assets of $133.1 million in its FFIEC call report.
Where is The Southern Bank Company headquartered?
It is headquartered in Gadsden, AL, United States.
When was The Southern Bank Company founded?
It was established in 1936, per the FDIC institution directory.
Is The Southern Bank Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #29731). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Southern Bank Company?
The Southern Bank Company's primary federal regulator is the FDIC.
How many branches does The Southern Bank Company operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Southern Bank Company's Texas Ratio?
Its Texas Ratio is 6.59% 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.
What was The Southern Bank Company previously called?
The charter now named The Southern Bank Company has also operated as The Southern Bank Company (1999), First Federal Savings and Loan Association of Gadsden (1993-1999), per FDIC structure-change records.
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