Southern Independent Bank
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Data as of · sourced from FFIEC call reports. How we update
Southern Independent Bank is an FDIC-insured commercial bank headquartered in Opp, AL, established in 2006 (FDIC certificate 58357), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $395.3M, up 3.6% from Q2 2025, the 38th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.63% 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
- 58357
- Headquarters
- Opp, AL
- Established
- 2006
- Total assets, Q2 2026
- $395.3M
- Assets vs Q2 2025
- +3.6%
- Tier 1 leverage ratio, Q2 2026
- 13.63%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 062106573
- Latest call report
- Q2 2026, FFIEC 051 · Southern Independent Bank call report
- Holding company
- SOUTHERN INDEPENDENT BANCSHARES, INC.
- Asset rank in state
- 38th of 93 in Alabama
Southern Independent Bank, based in Opp, Alabama, reported $395 million in assets at June 30, 2026, up 3.6% from a year earlier. It keeps 3.23 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it carries problem assets equal to 0.3% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Net income for the quarter slipped 27% from a year earlier, to $1.0 million. Unrealized losses on its securities total $14 million, equal to 25% of Tier 1 capital, against 30% a year earlier. Funding is the softer spot: it pays an average of 2.24% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Southern Independent Bank reported a return on assets of 1.00%, a nonperforming-loan ratio of 0.08% and a Texas ratio of 0.32%. The figures come from its call report filed with the FFIEC.
Southern Independent Bank ranks as the 38th largest of the 93 banks based in Alabama, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.9% to $395.3M, loans rose 1.0% and deposits fell 2.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 33.2% of total loans, ahead of construction and land development loans at 21.4%. Its 3 offices in the FDIC Summary of Deposits are in Andalusia, AL, Opp, AL and Florala, AL; its Andalusia office books 45% of its branch deposits. Judged on its Q2 2026 call report, Southern Independent Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 503 N Main St, Opp, AL 36467
- County
- Covington
- 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 051
- Established
- December 4, 2006
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 49
- Domestic deposits
- $336.5M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $34K
- Average total assets
- $400.8M
- Average total loans
- $190.7M
- Average interest-bearing deposits
- $251.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 4, 2006
- FDIC Cert
- 58357
- Fed RSSD
- 3531176
- SEC CIK
- 1535686 → filed by SOUTHERN INDEPENDENT BANCSHARES, INC.
- Parent Holding Company
- SOUTHERN INDEPENDENT BANCSHARES, INC. (RSSD 4297527)
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, Southern Independent Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Southern Independent Bank's total assets ran between $336.1M (Q3 2023) and $402.9M (Q1 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
$395.3M total assets against $381.5M; $350.0M total liabilities against $338.9M.
$178.7M net loans and leases against $169.6M; $336.5M total deposits against $325.5M.
$158.7M securities against $151.3M; $34.8M cash and balances due against $39.5M.
$5.0M total interest income against $4.8M; $2.0M total interest expense against $2.0M.
$3.1M net interest income against $2.8M.
$343K total noninterest income against $1.0M; $2.0M total noninterest expense against $1.8M.
$52K provision for credit losses against $107K.
$1.0M net income against $1.4M.
1.00% return on assets against 1.46%; 3.23% net interest margin against 2.99%.
13.63% tier 1 leverage ratio against 14.14%.
Inside the full Southern Independent Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSouthern Independent Bank rankings
Its closest position to the top of a national ranking is 1,583 of 3,606, for efficiency ratio; its furthest is 3,074 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.77% (Q4 2025) to 1.46% (Q2 2025) and its net interest margin ran from 2.78% (Q4 2024) to 3.27% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.63% | 1.00% | 0.08% | 0.32% | 3.23% |
| Q1 2026 | 13.51% | 1.21% | 0.07% | 0.29% | 3.04% |
| Q4 2025 | 13.34% | 0.77% | 0.06% | 0.25% | 3.27% |
| Q3 2025 | 13.40% | 1.13% | 0.07% | 0.27% | 3.06% |
| Q2 2025 | 14.14% | 1.46% | 0.07% | 0.28% | 2.99% |
| Q1 2025 | 14.03% | 0.94% | 0.36% | 1.44% | 2.84% |
| Q4 2024 | 13.65% | 0.86% | 0.12% | 0.53% | 2.78% |
| Q3 2024 | 13.82% | 0.95% | 0.10% | 0.38% | 2.79% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| 1417 Mlk Jr Expressway Branch | Andalusia , AL | 36420 | $150.4M |
| Southern Independent Bank (main office) | Opp , AL | 36467 | $133.4M |
| Florala Branch | Florala , AL | 36442 | $52.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in AL, rank 57 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (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 Southern Independent Bank
What are Southern Independent Bank's total assets?
As of the Q2 2026 filing, Southern Independent Bank reported total assets of $395.3 million in its FFIEC call report.
Where is Southern Independent Bank headquartered?
It is headquartered in Opp, AL, United States.
When was Southern Independent Bank founded?
It was established in 2006, per the FDIC institution directory.
Is Southern Independent Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58357). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Southern Independent Bank?
Southern Independent Bank's primary federal regulator is the FDIC.
How many branches does Southern Independent Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Southern Independent Bank's Texas Ratio?
Its Texas Ratio is 0.32% 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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