Southern Commerce Bank

1201 9th Avenue West
Bradenton, FL 34205
1 (866) 868-1919
www.sc-bank.com

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Southern Commerce Bank is headquartered in Tampa and is the 186^th largest bank in the state of Florida. It is also the 4,619^st largest bank in the nation. It was established in 1987 and as of September of 2011, it had grown to 53 employees at 11 locations. Southern Commerce Bank has a 2-star health rating.

2.40% 15-Month CD & 2.00% 6-Month CD at Southern Commerce Bank in FL Continues - 10/29/2009

Update 10/30/09: CD rates have fallen. The 6-month CD rate is now 1.80% APY and the 12- and 15-month CD rate is 2.20% APY. Refer to the bank's website for the latest rates.Southern Commerce Bank continues to offer some very competitive CD rates. These...

2.00% 6-Month CD & 2.40% 15-Month CD at Southern Commerce Bank in Florida - Local Only - 8/31/2009

Southern Commerce Bank has three very competitive CD rates: 2.00% APY for 6 months, 2.30% APY for 12 months and 2.40% APY for 15 months. Minimum deposit is $500. These rates are listed at the bank's rates page as of 8/31/09. The rates page had an old...

4.10% 6-Month / 4.25% 12-Month CD at Southern Commerce Bank in Florida - 11/9/2008

Southern Commerce Bank continues to offer some attractive short-term CD rates: a 4.10% APY 6-month CD and a 4.25% APY 12-month CD. The minimum deposit is $500.It appears a branch visit is required to open an account. Branches are located throughout...

4.10% 6-Month / 4.25% 12-Month CD at a Florida Bank (Southern Commerce) - 8/18/2008

Southern Commerce Bank is offering some attractive short-term CD rates: a 4.10% APY 6-month CD and a 4.25% APY 12-month CD. The minimum deposit is $500.It appears a branch visit is required to open an account. Branches are located throughout Florida...

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

Southern Commerce Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	$1k	-	Platinum Checking
0.05%	$1k	-	Classic Checking

Southern Commerce Bank Savings Account Rates

	Apy	Min	Max	Product
	0.10%	$300	-	Savings Account

Southern Commerce Bank Money Market Rates

Apy	Min	Max	Product
0.40%	$1m	-	Personal Money Market
0.40%	$1m	-	Business Money Market

Southern Commerce Bank CD Rates

Apy	Min	Max	Product
1.35%	$500	-	60 Month CD
1.25%	$500	-	48 Month CD
1.05%	$500	-	36 Month CD
0.95%	$500	-	30 Month CD
0.85%	$500	-	24 Month CD
0.70%	$500	-	18 Month CD
0.60%	$500	-	15 Month CD
0.50%	$500	-	12 Month CD
0.40%	$500	-	9 Month CD
0.30%	$500	-	182 Day CD
0.10%	$500	-	91 Day CD
0.05%	$500	-	30 Day CD
0.00%	$500	-	7 Day CD

Southern Commerce Bank IRA Rates

Apy	Min	Max	Product
1.35%	$500	-	60 Month IRA
1.35%	$500	-	60 Month Roth IRA
1.35%	$500	-	60 Month CESA
1.35%	$500	-	60 Month SEP IRA
1.25%	$500	-	48 Month IRA
1.25%	$500	-	48 Month Roth IRA
1.25%	$500	-	48 Month CESA
1.25%	$500	-	48 Month SEP IRA
1.05%	$500	-	36 Month IRA
1.05%	$500	-	36 Month Roth IRA
1.05%	$500	-	36 Month CESA
1.05%	$500	-	36 Month SEP IRA
0.95%	$500	-	30 Month IRA
0.95%	$500	-	30 Month Roth IRA
0.95%	$500	-	30 Month CESA
0.95%	$500	-	30 Month SEP IRA
0.85%	$500	-	24 Month IRA
0.85%	$500	-	24 Month Roth IRA
0.85%	$500	-	24 Month CESA
0.85%	$500	-	24 Month SEP IRA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	18 Month Roth IRA
0.70%	$500	-	18 Month CESA
0.70%	$500	-	18 Month SEP IRA
0.60%	$500	-	15 Month IRA
0.60%	$500	-	15 Month Roth IRA
0.60%	$500	-	15 Month CESA
0.60%	$500	-	15 Month SEP IRA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	12 Month CESA
0.50%	$500	-	12 Month SEP IRA
0.40%	$500	-	9 Month IRA
0.40%	$500	-	9 Month Roth IRA
0.40%	$500	-	9 Month CESA
0.40%	$500	-	9 Month SEP IRA
0.30%	$500	-	182 Day IRA
0.30%	$500	-	182 Day Roth IRA
0.30%	$500	-	182 Day CESA
0.30%	$500	-	182 Day SEP IRA
0.10%	$500	-	91 Day IRA
0.10%	$500	-	91 Day Roth IRA
0.10%	$500	-	91 Day CESA
0.10%	$500	-	91 Day SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Southern Commerce Bank, National Association
FDIC Certificate #	26970
BankRate Report	View
Year Established	1987
Employees	53
Primary Regulator	OCC
Assets and Liabilities
Assets	$113.46 million
Loans	$51.43 million
Deposits	$93.00 million
Equity Capital	$16.33 million
Loan Loss Allowance	$8.13 million
Unbacked Noncurrent Loans	$20.69 million
Real Estate Owned	$10.34 million
Historic Data - September 2010
Assets	$183.23 million
Equity Capital	$9.10 million
Loan Loss Allowance	$10.84 million
Unbacked Noncurrent Loans	$28.90 million
Real Estate Owned	$5.28 million
Profit Margin - Quarterly
Net Interest Margin	2.2%
Return on Assets	-3.59%
Return on Equity	-22.89%
Interest Income	$2.17 million

Institution Health

Overall Score:

2 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 September 30, 2011 Southern Commerce Bank had $31.03 million in non-current loans and owned real-estate with $24.46 million in equity and loan loss allowances on hand to cover it. This gives Southern Commerce Bank a Texas Ratio of 126.85% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Southern Commerce Bank decreased slightly from 169.22% as of September 30, 2010 to 126.85% as of September 30, 2011, resulting in a positive change of 25.04%.This indicates that the balance sheet and financial strength for Southern Commerce Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Southern Commerce Bank has decreased its total deposits by -$80.31 million, resulting in -46.34% 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 Commerce Bank has shown is poor.
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 Commerce Bank has $113.46 million in assets with $24.46 million in equity, resulting in a capitalization level of 21.56%, which is excellent.