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Overview / Commentary
919-658-7000
100 North Center Street
Mount Olive, NC 28365

Southern Bank and Trust Company is headquartered in Mount Olive and is the 7th largest bank in the state of North Carolina. It is also the 333rd largest bank in the nation. It was established in 1901 and as of March of 2014, it had grown to 552 employees at 78 locations. Southern Bank and Trust Company has a B+ health rating.

Reviews (2)

DID NOT KEEP THEIR WORD

SOUTHERN BANK DID NOT KEEP ITS WORD ON A LOAN THEY GAVE ME, SO I WAS NOT ABLE TO KEEP MY WORD TO THE MAN I WAS BUYING LAND FROM,THEY WOULD NOT RETURN CALLS FOR WEEKS.THE MGR IN AHOSKIE TALKED UGLY TO ME, THEY CAUSED ME TO LOOSE A PEACE OF LAND I WANTED TO RETIRE ON. I WOULD NOT DEAL WITH THIS BANK

JERRY RABEY

THIS BANK DOES NOT KEEP ITS WORD.THEY HAVE JERKED MY WIFE AND I AROUND FOR THE LAST 30 DAYS. I DONT KNOW HOW THEY STAY IN BUSINESS.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Southern Bank and Trust Company had $96.04 million in non-current loans and owned real-estate with $224.23 million in equity and loan loss allowances on hand to cover it. This gives Southern Bank and Trust Company a Texas Ratio of 42.83% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Southern Bank and Trust Company decreased dramatically from 94.13% as of March 31, 2013 to 42.83% as of March 31, 2014, resulting in a positive change of 54.50%.This indicates that the balance sheet and financial strength for Southern Bank and Trust Company has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Southern Bank and Trust Company has increased its total deposits by $161 million, resulting in 9.22% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southern Bank and Trust Company has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southern Bank and Trust Company has $2.2 billion in assets with $224.23 million in equity, resulting in a capitalization level of 10.17%, which is above average.

Institution Statistics

Overall
FDIC Certificate #15359
Year Established1901
Employees552
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.20 billion
Loans$1.15 billion
Deposits$1.91 billion
Equity Capital$209.01 million
Loan Loss Allowance$15.22 million
Unbacked Noncurrent Loans$92.01 million
Real Estate Owned$4.03 million
Historic Data - March 2013
Assets$2.05 billion
Equity Capital$173.98 million
Loan Loss Allowance$20.14 million
Unbacked Noncurrent Loans$92.01 million
Real Estate Owned$1.61 million
Profit Margin - Quarterly
Net Interest Margin4.51%
Return on Assets0.28%
Return on Equity2.94%
Interest Income$23.87 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Southern Bank and Trust Company, we are a rate comparison website and can not provide official rates or promotions.

Southern Bank and Trust Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Education Savings Account
0.02%$100-Regular Savings

Southern Bank and Trust Company Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$1m-Premium MMS
0.20%$100-IRA Money Market
0.20%$100-Roth IRA Money Market
0.10%$100k-Insured Money Market Savings

Southern Bank and Trust Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$100-Personal Interest on Checking
0.01%$100-Commercial Interest on Checking

Southern Bank and Trust Company CD Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-5 Year CD
0.30%$500-48 - 59 Month CD
0.25%$500-36 - 47 Month CD
0.20%$500-24 - 35 Month CD
0.20%$500-12 - 17 Month Plus/Prime CD
0.15%$500-18 - 23 Month CD
0.15%$5k-182 - 364 Day Plus/Prime CD
0.10%$500-12 - 17 Month CD
0.05%$500-7 - 31 Day CD
0.05%$500-182 - 364 Day CD
0.05%$500-32 - 90 Day CD
0.05%$500-91 - 181 Day CD

Southern Bank and Trust Company IRA Rates

DetailsAPYMINMAXPRODUCT
0.35%--60 Month IRA
0.35%--60 Month Roth IRA
0.30%--48 - 59 Month Fixed IRA
0.30%--48 - 59 Month Fixed Roth IRA
0.25%--36 - 47 Month Fixed IRA
0.25%--36 - 47 Month Fixed Roth IRA
0.20%--24 -35 Month Fixed IRA
0.20%--24 -35 Month Fixed Roth IRA
0.15%$100-18 Month Variable IRA
0.15%$100-18 Month Variable Roth IRA
0.15%--18 - 23 Month Fixed IRA
0.15%--18 - 23 Month Fixed Roth IRA
0.10%--12 - 17 Month Fixed IRA
0.10%--12 - 17 Month Fixed Roth IRA
0.05%--182 - 364 Day IRA
0.05%--182 - 364 Day Roth IRA
Locations

Southern Bank and Trust Company has 65 locations. Click to view all Southern Bank and Trust Company locations.