Southern Bank

531 Vine Street
Poplar Bluff, MO 63901
(573) 778-1800
www.bankwithsouthern.com

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Southern Bank is headquartered in Poplar Bluff and is the 32^nd largest bank in the state of Missouri. It is also the 881^st largest bank in the nation. It was established in 1887 and as of December of 2012, it had grown to 173 employees at 21 locations. Southern Bank has a 4-star health rating.

Southern Bank Routing Number: 281573259

Another Case of Customers Kicked Out of Their Reward Checking Accounts - 3/20/2012

When banks get too much demand for their reward checking accounts, they often limit new accounts to their local market area. However, they rarely close accounts to out-of-state customers. Unfortunatel ...

Southern Bank Missouri Now 4.01% (Was 5.01%) NO COURTESY NOTIFY TO CUSTOMERS (Forum) - 12/2/2011

Was nationwide, now Missouri & Arkansas only. Their website says "Rates as of November 1, 2011". My calculations show it was still 5.01% through November, so do not know if the webpage is wrong or if accounts were grandfathered at the previous

King of RCAs: Southern Bank Rate is STILL at (5.01%, $15K) (Forum) - 10/2/2011

UPDATED NOTE: I have communicated with Decades at FWF and it was indeed a false alarm (it was actually a misunderstanding on interpreting his/her monthly composite APY); sorry. Southern Bank rate stays at (5.01%, $15K) as of today.

Southern Bank Reduced Its Limit "Quietly"... (Forum) - 4/3/2011

from $25K to $15K, same (unchanged) interest rate of 5.01%.

2011

1/14 - Review of Four Top Reward Checking Accounts

2010

10/19 - 2.80% 5-Year CD & 2.25% 3-Year CD At Southern Bank In MO & AR (Forum)
9/14 - Top CD and Reward Checking Rates Continue at Southern Bank in MO & AR
8/23 - 3.05% 5-Year CD & 2.50% 3-Year Cds & IRA Cds At Southern Bank In AR & MO (Forum)
6/27 - Top CD and Reward Checking Rates at Southern Bank in MO & AR

2009

9/30 - 2.75% 25-Month CD at Southern Bank in MO & AR

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See Rates for: Checking | Savings | Money Market | CD | IRA

Southern Bank Checking Account Rates

Apy	Min	Max	Product
3.01%	-	$15k	Kasasa Cash
3.01%	-	$15k	Kasasa Giving
1.01%	-	$10k	Premium 50 Plus Checking

Southern Bank Savings Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Savings Account

Southern Bank Money Market Rates

Apy	Min	Max	Product
0.60%	$200k	-	Money Market Passbook Account
0.40%	$25k	-	MMDA Platinum

Southern Bank CD Rates

Apy	Min	Max	Product
1.60%	$500	-	60 Month CD
1.30%	$500	-	48 Month CD
1.10%	$500	-	36 Month CD
0.90%	$500	-	24 Month CD
0.65%	$500	-	12 Month CD
0.65%	$500	-	18 Month CD
0.50%	$500	-	6 Month CD
0.35%	$500	-	91 Day CD

Southern Bank IRA Rates

Apy	Min	Max	Product
1.60%	$500	-	60 Month IRA
1.60%	$500	-	60 Month Roth IRA
1.30%	$500	-	48 Month IRA
1.30%	$500	-	48 Month Roth IRA
1.10%	$500	-	36 Month IRA
1.10%	$500	-	36 Month Roth IRA
0.90%	$500	-	24 Month IRA
0.90%	$500	-	24 Month Roth IRA
0.65%	$500	-	12 Month IRA
0.65%	$500	-	18 Month IRA
0.65%	$500	-	12 Month Roth IRA
0.65%	$500	-	18 Month Roth IRA
0.50%	$500	-	6 Month IRA
0.50%	$500	-	6 Month Roth IRA
0.35%	$500	-	91 Day IRA
0.35%	$500	-	91 Day Roth IRA

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

Southern Bank
FDIC Certificate #	28332
BankRate Report	View
Year Established	1887
Employees	173
Primary Regulator	FED
Assets and Liabilities
Assets	$763.55 million
Loans	$612.80 million
Deposits	$622.09 million
Equity Capital	$83.24 million
Loan Loss Allowance	$7.92 million
Unbacked Noncurrent Loans	$2.21 million
Real Estate Owned	$3.46 million
Historic Data - December 2011
Assets	$773.26 million
Equity Capital	$75.67 million
Loan Loss Allowance	$7.05 million
Unbacked Noncurrent Loans	$406,000
Real Estate Owned	$1.27 million
Profit Margin - Quarterly
Net Interest Margin	4.2%
Return on Assets	1.32%
Return on Equity	12.48%
Interest Income	$37.32 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2012 Southern Bank had $5.67 million in non-current loans and owned real-estate with $91.16 million in equity and loan loss allowances on hand to cover it. This gives Southern Bank a Texas Ratio of 6.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Southern Bank held steady from 2.02% as of December 31, 2011 to 6.22% as of December 31, 2012, resulting in a negative change of 207.30%. This indicates that the balance sheet and financial strength for Southern Bank has held steady in recent periods.
Deposit Growth
In the past year, Southern Bank has decreased its total deposits by -$8.06 million, resulting in -1.28% 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 has shown is below average.
Capitalization
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 has $763.55 million in assets with $91.16 million in equity, resulting in a capitalization level of 11.94%, which is above average.