The Southern Bank Company
Gadsden, AL·RSSD 117775·FDIC 29731·bank:117775·CBLR opted in
- #74 of 93Total assets in Alabama
- 4offices
- 40employees
- Top 1%Net interest margin vs. peers
- Top 1%Margin improvement in the U.S.
- #3 of 44C&I loan growth in Alabama
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at The Southern Bank Company
4 of 24 FORFI signals stand out against 1223 similar banks, based on FDIC data for the quarter.
Net interest margin widening faster than peersStrength: Earnings9.10%peers 4.03%+507 bps
The Southern Bank Company's net interest margin rose 164 bps over the past year to 9.10%. Among 1221 similar banks, the median rose 18 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Net interest margin | ||
| 9.10% | 4.03% | +507 bps |
| 12-month change | ||
| +164 bps | +18 bps | +146 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. The Southern Bank Company itself is left out of every peer median and percentile. How signals work
Problem loans falling while the peer median holds steadyStrength: Asset quality1.89%peers 0.38%+151 bps
The Southern Bank Company's noncurrent loans (nonaccrual plus 90+ days past due) as a share of loans fell 197 bps over the past year to 1.89%. Among 1206 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Noncurrent loans (nonaccrual plus 90+ days past due) as a share of loans | ||
| 1.89% | 0.38% | +151 bps |
| 12-month change | ||
| -197 bps | 0 bps | -197 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. The Southern Bank Company itself is left out of every peer median and percentile. How signals work
Efficiency ratio falling faster than peersStrength: Efficiency66.9%peers 63.2%+3.7 pp
The Southern Bank Company's efficiency ratio fell 16.3 percentage points over the past year to 66.9%. Among 1216 similar banks, the median fell 2.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 66.9% | 63.2% | +3.7 pp |
| 12-month change | ||
| -16.3 pp | -2.1 pp | -14.2 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. The Southern Bank Company itself is left out of every peer median and percentile. How signals work
1 more observation
- Return on assets rising faster than peersEarnings
Key facts
- The Southern Bank Company is a bank headquartered in Gadsden, Alabama. It reported $133 million in total assets for the quarter ended June 30, 2026.
- Deposits totaled $105 million, up 3.0% from a year earlier, and loans totaled $68.2 million, up 16.8%.
- Its net interest margin was 9.10% and its annualized return on assets was 1.52% for the quarter.
- Its cost of all deposits was 2.61%, compared with a median of 1.68% among 1213 similar banks with $100 million to $300 million in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With The Southern Bank Company's own data, FORFI would look at: Which relationships and products drive the change in earnings, and where pricing has drifted.
Analysis workspaces
Sources and identifiers
- Institution
- The Southern Bank Company · Bank
- Federal Reserve RSSD
- 117775
- FDIC certificate
- 29731
- Reporting period
- Peer group
- 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. The Southern Bank Company itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $496K | — | |
| $3.55M | — | |
| $674K | — | |
| $2.87M | — | |
| $106K | — | |
| $1.99M | — | |
| $331K | — | |
| $330K | — | |
| 1.52% | 1.52%ROAQ · Quarter | |
| 9.10% | 9.08%NIMYQ · Quarter | |
| 66.89% | 66.89%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.