Southern Bank
Southern Bank reported total assets of $5.2 bn at Q2 2026, up 4.4% on a year earlier, the 281st largest of 497 banks in our US coverage. The CET1 capital ratio at Southern Bank was 12.12%, and the uninsured share of Southern Bank was 18.89%. Source: FDIC Call Reports.
Key takeaways
- Since , Southern Bank has taken over 6 institutions; the latest was Citizens Bank and Trust Company on (FDIC Call Reports).
What sets Southern Bank apart
How large is Southern Bank?
The balance sheet of Southern Bank at : assets $5.2 bn, deposits $4.4 bn, net loans $4.3 bn (loans equal to 98.13% of deposits). Securities make up 8.7% of total assets at Southern Bank. Since , when Southern Bank held $1.3 bn, its assets grew 287.7%. In the year to , deposits at Southern Bank rose 2.8% while its total assets rose 4.4%. At , Southern Bank employed 729 full-time equivalent staff across 69 offices, about $7.1 mn of assets per employee and $64.1 mn of deposits per office.
How much funding at Southern Bank is uninsured?
At Southern Bank, uninsured deposits (above the FDIC limit) made up 18.89% of domestic deposits at (-0.53 pp on a year earlier); Southern Bank ranks 419th of 500 on this measure. In dollars, Southern Bank estimated $835.1 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.4 bn | +2.8% | 271st of 499 |
| Net loans and leases | $4.3 bn | +7.1% | 246th of 500 |
| Loan-to-deposit ratio | 98.13% | +3.95 pp | 80th of 500 |
| Tier 1 leverage ratio | 10.45% | +0.40 pp | 231st of 500 |
| Total risk-based capital ratio | 13.37% | +0.02 pp | 316th of 448 |
| Net interest margin | 3.71% | +0.20 pp | 225th of 500 |
| Return on assets (ROA) | 1.53% | +0.20 pp | 145th of 500 |
| Efficiency ratio | 49.89% | -3.51 pp | 139th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $12.5 mn | Narrowed by $2.1 mn | |
| Noncurrent loans to total loans | 0.63% | +0.07 pp | 257th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.22% | -0.10 pp | 357th of 500 (1 = lowest) |
US rank of Southern Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Southern Bank: assets, deposits and loans
- Total assets $5.2bn
- Deposits $4.4bn
- Net loans $4.3bn
Capital and securities
The CET1 ratio of Southern Bank stood at 12.12% in , +0.03 pp year on year. Low and high at Southern Bank since : 10.28% () to 12.95% (). Equity capital of Southern Bank at : $542.1 mn, or 10.5% of total assets. Southern Bank also reported a total capital ratio of 13.37% for , and a tier 1 leverage ratio of 10.45%.
The available-for-sale portfolio of Southern Bank showed an unrealized loss of $12.5 mn at ; the loss narrowed by $2.1 mn over the year.
Southern Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Southern Bank: unrealized securities gains and losses
- Available for sale -$12mn
- Held to maturity $0
Profitability and loan quality
For the year to , Southern Bank earned a return on equity of 14.63%; return on assets: 1.53%. Net interest margin at Southern Bank: 3.71%, +0.20 pp in a year. Southern Bank net income: $39.0 mn, up 19.8% year on year. The efficiency ratio of Southern Bank was 49.89%: about 50 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.63% of total loans at Southern Bank; net charge-offs: 0.22% of average loans. Gross loans and leases at Southern Bank: $4.4 bn, up 7.1% in a year.
Southern Bank: profitability
- Return on equity 15%
- Net interest margin 3.7%
- Return on assets 1.5%
Peer group of Southern Bank
The peer group of Southern Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Southern Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Missouri. Against them, Southern Bank shows CET1 ratio 12.12% against a peer median of 12.19%, return on equity 14.63% against a peer median of 15.46% and uninsured deposit share 18.89% against a peer median of 33.45%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| 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% | |
| Southern Bank | State member bank | MO | $5.2 bn | 12.12% | 14.63% | 18.89% | |
| Barrington Bank & Trust Company | National bank | IL | $5.2 bn | 10.91% | 12.04% | 23.07% | |
| Vantage Bank Texas | State member bank | TX | $5.1 bn | 10.13% | 18.91% | 48.74% | |
| First National Bank Alaska | National bank | AK | $5.1 bn | 18.52% | 14.56% | 38.98% | |
. FDIC Call Reports.
Last eight quarters
Two years at Southern Bank, to : assets +10.8%, deposits +9.0%, equity +17.3%. Staff 718 to 729.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.7 bn | $4.9 bn | $4.9 bn | $5.0 bn | $5.0 bn | $5.0 bn | $5.1 bn | $5.2 bn |
| Total deposits | $4.1 bn | $4.2 bn | $4.3 bn | $4.3 bn | $4.3 bn | $4.3 bn | $4.4 bn | $4.4 bn |
| Bank equity capital | $462.1 mn | $468.2 mn | $483.6 mn | $498.3 mn | $513.2 mn | $527.2 mn | $531.6 mn | $542.1 mn |
| CET1 ratio | 11.28% | 11.48% | 11.97% | 12.09% | 12.06% | 12.20% | 12.03% | 12.12% |
| Return on equity (ROE) | 11.78% | 12.25% | 13.67% | 13.48% | 13.25% | 13.54% | 13.80% | 14.63% |
| Uninsured share of domestic deposits | 17.68% | 19.40% | 19.15% | 19.42% | 20.43% | 19.46% | 19.19% | 18.89% |
| Full-time equivalent employees | 718 | 722 | 713 | 719 | 720 | 719 | 721 | 729 |
| Number of offices | 69 | 69 | 69 | 69 | 70 | 70 | 70 | 69 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Southern Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Capaha Bank, SB (FDIC certificate 17524).
- . Absorbed Southern Missouri Bank of Marshfield (FDIC certificate 34445).
- . Absorbed First Commercial Bank (FDIC certificate 10621).
- . Absorbed Central Federal Savings and Loan Association of Rolla (FDIC certificate 30664).
- . Absorbed FortuneBank (FDIC certificate 58107).
- . Absorbed Citizens Bank and Trust Company (FDIC certificate 4533).
Questions and identifiers
What were the total assets of Southern Bank?
Southern Bank reported $5.2 bn at in its Call Report. That makes Southern Bank the 281st largest of 497 banks in our US coverage.
Is Southern Bank the same as its holding company?
No. This page covers Southern Bank, FDIC certificate 28332; SOUTHERN MISSOURI BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Southern Bank profitable?
Southern Bank reported net income of $39.0 mn for the year to ; annualized return on equity: 14.63%. So yes: Southern Bank made a profit over these months.
When is data for Southern Bank next updated?
Figures from Southern Bank for are due after .
Where can I check the figures for Southern Bank?
In the FDIC BankFind Suite record for certificate 28332, and in the Call Reports of Southern Bank (RSSD ID 272272) at the FFIEC Central Data Repository.