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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 324th largest bank in the nation. It was established in 1901 and as of December of 2013, it had grown to 564 employees at 77 locations. Southern Bank and Trust Company has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Southern Bank and Trust Company had $104 million in non-current loans and owned real-estate with $226.02 million in equity and loan loss allowances on hand to cover it. This gives Southern Bank and Trust Company a Texas Ratio of 46.01% 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 98.76% as of December 31, 2012 to 46.01% as of December 31, 2013, resulting in a positive change of 53.41%.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 $191.95 million, resulting in 11.24% 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 $2.23 billion in assets with $226.02 million in equity, resulting in a capitalization level of 10.15%, which is above average.

Institution Statistics

Overall
FDIC Certificate #15359
Year Established1901
Employees564
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.23 billion
Loans$1.18 billion
Deposits$1.90 billion
Equity Capital$209.23 million
Loan Loss Allowance$16.79 million
Unbacked Noncurrent Loans$99.47 million
Real Estate Owned$4.53 million
Historic Data - December 2012
Assets$2.01 billion
Equity Capital$171.43 million
Loan Loss Allowance$22.13 million
Unbacked Noncurrent Loans$99.47 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.62%
Return on Assets0.46%
Return on Equity5.19%
Interest Income$93.66 million
Rates

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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%$5k-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%$2,500-7 - 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%$100-60 Month IRA
0.35%$100-60 Month Roth IRA
0.30%$100-48 - 59 Month Fixed IRA
0.30%$100-48 - 59 Month Fixed Roth IRA
0.25%$100-36 - 47 Month Fixed IRA
0.25%$100-36 - 47 Month Fixed Roth IRA
0.20%$100-24 -35 Month Fixed IRA
0.20%$100-24 -35 Month Fixed Roth IRA
0.15%$100-18 Month Variable IRA
0.15%$100-18 Month Variable Roth IRA
0.15%$100-18 - 23 Month Fixed IRA
0.15%$100-18 - 23 Month Fixed Roth IRA
0.10%$100-12 - 17 Month Fixed IRA
0.10%$100-12 - 17 Month Fixed Roth IRA
0.05%$100-182 - 364 Day IRA
0.05%$100-182 - 364 Day Roth IRA
Locations

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