Southern Bank and Trust Company
Southern Bank and Trust Company reported total assets of $5.3 bn at Q2 2026, up 7.3% on a year earlier, the 277th largest of 497 banks in our US coverage. The CET1 capital ratio at Southern Bank and Trust Company was 12.68%, and the uninsured share of Southern Bank and Trust Company was 47.66%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Southern Bank and Trust Company climbed from 303rd to 182nd among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Southern Bank and Trust Company reports one of the lowest noncurrent loans to total loans readings among banks of $1 bn to $10 bn: 0.12% at , where the median of the 339 banks is 0.58% (FDIC Call Reports).
What sets Southern Bank and Trust Company apart
How large is Southern Bank and Trust Company?
The balance sheet of Southern Bank and Trust Company at : assets $5.3 bn, deposits $4.8 bn, net loans $3.6 bn (loans equal to 73.87% of deposits). Securities make up 24.6% of total assets at Southern Bank and Trust Company. Since , when Southern Bank and Trust Company held $2.4 bn, its assets grew 119.7%. In the year to , deposits at Southern Bank and Trust Company rose 7.8% while its total assets rose 7.3%. At , Southern Bank and Trust Company employed 603 full-time equivalent staff across 56 offices, about $8.8 mn of assets per employee and $86.2 mn of deposits per office.
How much funding at Southern Bank and Trust Company is uninsured?
At Southern Bank and Trust Company, uninsured deposits (above the FDIC limit) made up 47.66% of domestic deposits at (+1.66 pp on a year earlier); Southern Bank and Trust Company ranks 103rd of 500 on this measure. In dollars, Southern Bank and Trust Company estimated $2.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.8 bn | +7.8% | 257th of 499 |
| Net loans and leases | $3.6 bn | +8.4% | 280th of 500 |
| Loan-to-deposit ratio | 73.87% | +0.42 pp | 395th of 500 |
| Tier 1 leverage ratio | 9.63% | -0.34 pp | 356th of 500 |
| Total risk-based capital ratio | 13.63% | -0.58 pp | 292nd of 448 |
| Net interest margin | 3.70% | +0.53 pp | 226th of 500 |
| Return on assets (ROA) | 1.40% | +0.45 pp | 193rd of 500 |
| Efficiency ratio | 52.63% | -7.47 pp | 182nd of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $159.1 mn | Narrowed by $37.9 mn | |
| Noncurrent loans to total loans | 0.12% | -0.02 pp | 42nd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | 0.00 pp | 79th of 500 (1 = lowest) |
US rank of Southern Bank and Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Southern Bank and Trust Company: assets, deposits and loans
- Total assets $5.3bn
- Deposits $4.8bn
- Net loans $3.6bn
Capital and securities
The CET1 ratio of Southern Bank and Trust Company stood at 12.68% in , -0.60 pp year on year. Low and high at Southern Bank and Trust Company since : 11.50% () to 14.14% (). Equity capital of Southern Bank and Trust Company at : $433.7 mn, or 8.2% of total assets. Southern Bank and Trust Company also reported a total capital ratio of 13.63% for , and a tier 1 leverage ratio of 9.63%.
The available-for-sale portfolio of Southern Bank and Trust Company showed an unrealized loss of $159.1 mn at ; the loss narrowed by $37.9 mn over the year.
Southern Bank and Trust Company: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.6%
Southern Bank and Trust Company: unrealized securities gains and losses
- Available for sale -$159mn
- Held to maturity $0
Profitability and loan quality
For the year to , Southern Bank and Trust Company earned a return on equity of 17.13%; return on assets: 1.40%. Net interest margin at Southern Bank and Trust Company: 3.70%, +0.53 pp in a year. Southern Bank and Trust Company net income: $36.8 mn, up 56.6% year on year. The efficiency ratio of Southern Bank and Trust Company was 52.63%: about 53 cents cost per revenue dollar, against 43 cents at the median peer.
At , noncurrent loans were 0.12% of total loans at Southern Bank and Trust Company; net charge-offs: 0.00% of average loans. Gross loans and leases at Southern Bank and Trust Company: $3.6 bn, up 8.4% in a year.
Southern Bank and Trust Company: profitability
- Return on equity 17%
- Net interest margin 3.7%
- Return on assets 1.4%
Peer group of Southern Bank and Trust Company
The peer group of Southern Bank and Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Southern Bank and Trust Company (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in North Carolina. Against them, Southern Bank and Trust Company shows CET1 ratio 12.68% against a peer median of 13.53%, return on equity 17.13% against a peer median of 18.03% and uninsured deposit share 47.66% against a peer median of 29.38%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Morton Community Bank | State nonmember bank | IL | $5.3 bn | 13.59% | 16.74% | 26.93% | |
| Celtic Bank | State nonmember bank | UT | $5.3 bn | not reported | 19.32% | 9.11% | |
| InterBank | State member bank | OK | $5.3 bn | not reported | 27.32% | 41.01% | |
| Southern Bank and Trust Company | State nonmember bank | NC | $5.3 bn | 12.68% | 17.13% | 47.66% | |
| Leader Bank | National bank | MA | $5.3 bn | 19.80% | 7.84% | 31.82% | |
| Alerus Financial | National bank | ND | $5.3 bn | 10.92% | 16.35% | 35.07% | |
| Northeast Bank | State nonmember bank | ME | $5.2 bn | 13.46% | 22.56% | 4.05% | |
. FDIC Call Reports.
Last eight quarters
Two years at Southern Bank and Trust Company, to : assets +6.7%, deposits +10.1%, equity +20.6%. Staff 571 to 603.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.0 bn | $5.0 bn | $4.9 bn | $4.9 bn | $5.2 bn | $5.2 bn | $5.3 bn | $5.3 bn |
| Total deposits | $4.4 bn | $4.5 bn | $4.5 bn | $4.5 bn | $4.7 bn | $4.7 bn | $4.8 bn | $4.8 bn |
| Bank equity capital | $359.7 mn | $338.4 mn | $364.8 mn | $391.9 mn | $419.4 mn | $424.4 mn | $431.7 mn | $433.7 mn |
| CET1 ratio | 12.85% | 13.16% | 13.23% | 13.28% | 13.44% | 12.93% | 13.12% | 12.68% |
| Return on equity (ROE) | 17.42% | 19.90% | 6.59% | 12.88% | 11.49% | 15.44% | 10.90% | 17.13% |
| Uninsured share of domestic deposits | 45.59% | 46.88% | 46.49% | 46.00% | 47.47% | 47.71% | 47.15% | 47.66% |
| Full-time equivalent employees | 571 | 578 | 575 | 579 | 584 | 599 | 595 | 603 |
| Number of offices | 56 | 58 | 58 | 56 | 56 | 56 | 56 | 56 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Southern Bank and Trust Company, oldest first; figures before and after each event are not like for like.
- . Absorbed Heritage Bank (FDIC certificate 22411).
Questions and identifiers
What were the total assets of Southern Bank and Trust Company?
Southern Bank and Trust Company reported $5.3 bn at in its Call Report. That makes Southern Bank and Trust Company the 277th largest of 497 banks in our US coverage.
Is Southern Bank and Trust Company the same as its holding company?
No. This page covers Southern Bank and Trust Company, FDIC certificate 15359; SOUTHERN BANCSHARES N C INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Southern Bank and Trust Company profitable?
Southern Bank and Trust Company reported net income of $36.8 mn for the year to ; annualized return on equity: 17.13%. So yes: Southern Bank and Trust Company made a profit over these months.
When is data for Southern Bank and Trust Company next updated?
Figures from Southern Bank and Trust Company for are due after .
Where can I check the figures for Southern Bank and Trust Company?
In the FDIC BankFind Suite record for certificate 15359, and in the Call Reports of Southern Bank and Trust Company (RSSD ID 717924) at the FFIEC Central Data Repository.