The Southern Bank Company: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Net interest margin climbed 1.30 percentage points in Q2 2026, from 7.54% to 8.84%. It was the largest change from Q1 2026 among the key lines here. The Southern Bank Company has the highest net interest margin of the 93 banks headquartered in Alabama, 8.84% as of Q2 2026. Against a median of 3.95% for banks in the $100M-1B asset tier, The Southern Bank Company reported 8.84% on net interest margin in Q2 2026, 4.89 points higher.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 10.91% |
| Yield on loans | 18.55% |
| Yield on securities | 2.51% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.63% |
| Cost of interest-bearing deposits | 2.90% |
| Cost of interest-bearing liabilities | 2.90% |
| Cost of borrowings | 0.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 8.84% |
| Yield to cost spread | 8.01% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.1M |
| Total interest expense | $674K |
| Interest expense on deposits | $674K |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 8.12% | 1.70% | 6.73% | 14.21% | 1.56% |
| Q4 2023 | 9.02% | 2.05% | 7.36% | 15.61% | 1.57% |
| Q1 2024 | 8.80% | 2.44% | 6.83% | 15.57% | 1.58% |
| Q2 2024 | 9.79% | 2.64% | 7.68% | 16.94% | 1.50% |
| Q3 2024 | 9.81% | 2.79% | 7.57% | 16.79% | 1.52% |
| Q4 2024 | 9.88% | 2.95% | 7.53% | 16.45% | 1.64% |
| Q1 2025 | 9.36% | 2.74% | 7.14% | 16.52% | 1.84% |
| Q2 2025 | 9.22% | 2.64% | 7.09% | 16.20% | 1.93% |
| Q3 2025 | 9.35% | 2.68% | 7.17% | 16.95% | 2.17% |
| Q4 2025 | 9.52% | 2.77% | 7.31% | 17.63% | 2.31% |
| Q1 2026 | 9.64% | 2.62% | 7.54% | 17.96% | 2.33% |
| Q2 2026 | 10.91% | 2.63% | 8.84% | 18.55% | 2.51% |
The Southern Bank Company yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock The Southern Bank Company, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full The Southern Bank Company profile, peer group comparison, or how this data updates.
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