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Data for Q1 2014

Institution Health


Texas Ratio


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 had $4.98 million in non-current loans and owned real-estate with $113.91 million in equity and loan loss allowances on hand to cover it. This gives Southern Bank a Texas Ratio of 4.37% 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 decreased slightly from 5.69% as of March 31, 2013 to 4.37% as of March 31, 2014, resulting in a positive change of 23.26%.This indicates that the balance sheet and financial strength for Southern Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Southern Bank has increased its total deposits by $151.45 million, resulting in 23.4% 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 excellent.



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 $986.8 million in assets with $113.91 million in equity, resulting in a capitalization level of 11.54%, which is excellent.

Institution Statistics

FDIC Certificate #28332
Year Established1887
Primary RegulatorFED
Assets and Liabilities
Assets$986.80 million
Loans$764.69 million
Deposits$798.65 million
Equity Capital$105.22 million
Loan Loss Allowance$8.69 million
Unbacked Noncurrent Loans$2.01 million
Real Estate Owned$2.97 million
Historic Data - March 2013
Assets$786.71 million
Equity Capital$84.82 million
Loan Loss Allowance$8.11 million
Unbacked Noncurrent Loans$2.01 million
Real Estate Owned$3.45 million
Profit Margin - Quarterly
Net Interest Margin3.87%
Return on Assets1.03%
Return on Equity9.79%
Interest Income$10.31 million

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Southern Bank Savings Account Rates

0.25%--Savings Account

Southern Bank Money Market Rates

0.50%$200k-Money Market Passbook Account
0.25%$10k-MMDA Platinum

Southern Bank Checking Account Rates

3.01%-$15kKasasa Cash - Qualifying
3.01%-$15kKasasa Giving - Qualifying
1.01%-$10kPremium 50 Plus Checking
0.10%--Kasasa Cash - Non Qualifying
0.10%--Kasasa Giving - Non Qualifying

Southern Bank CD Rates

1.40%$500-60 Month CD
1.15%$500-48 Month CD
0.80%$500-36 Month CD
0.75%$500-24 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month CD
0.40%$500-6 Month CD
0.35%$500-91 Day CD

Southern Bank IRA Rates

1.40%$500-60 Month IRA
1.15%$500-48 Month IRA
0.80%$500-36 Month IRA
0.75%$500-24 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month IRA
0.40%$500-6 Month IRA
0.35%$500-91 Day IRA

Southern Bank has 19 locations. Click to view all Southern Bank locations.