Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
5650 Breckenridge Park Drive, Suite 110
Tampa, FL 33610

Southern Commerce Bank is headquartered in Tampa and is the 177th largest bank in the state of Florida. It is also the 5,253rd largest bank in the nation. It was established in 1987 and as of June of 2014, it had grown to 34 employees at 8 locations. Southern Commerce Bank has a B+ health rating.

Related Posts

No reviews have been left for this bank yet. Be the first to review.


Data for Q2 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Southern Commerce Bank has a relatively low asset base.

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 June 30, 2014 Southern Commerce Bank had $1.42 million in non-current loans and owned real-estate with $26.51 million in equity and loan loss allowances on hand to cover it. This gives Southern Commerce Bank a Texas Ratio of 5.36% 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 Commerce Bank decreased dramatically from 13.19% as of June 30, 2013 to 5.36% as of June 30, 2014, resulting in a positive change of 59.37%.This indicates that the balance sheet and financial strength for Southern Commerce Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Southern Commerce Bank has decreased its total deposits by -$12.26 million, resulting in -19.76% 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.



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 $75.46 million in assets with $26.51 million in equity, resulting in a capitalization level of 35.14%, which is excellent.

Institution Statistics

FDIC Certificate #26970
Year Established1987
Primary RegulatorOCC
Assets and Liabilities
Assets$75.46 million
Loans$28.35 million
Deposits$49.81 million
Equity Capital$25.21 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$878,000
Real Estate Owned$543,000
Historic Data - June 2013
Assets$76.10 million
Equity Capital$12.70 million
Loan Loss Allowance$1.23 million
Unbacked Noncurrent Loans$878,000
Real Estate Owned$1.64 million
Profit Margin - Quarterly
Return on Assets0.61%
Return on Equity1.91%
Interest Income$832,000

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

Southern Commerce Bank Savings Account Rates

0.05%$300-Savings Account
0.05%--Business Savings

Southern Commerce Bank Money Market Rates

0.25%$1m-Personal Money Market
0.25%$1m-Business Money Market

Southern Commerce Bank Checking Account Rates

0.10%$50k-Elite Checking

Southern Commerce Bank CD Rates

1.30%$500-60 Month CD
1.30%$500-Business 60 Month CD
1.10%$500-48 Month CD
1.10%$500-Business 48 Month CD
1.00%$500-36 Month CD
1.00%$500-Business 36 Month CD
0.95%$500-30 Month CD
0.95%$500-Business 30 Month CD
0.90%$500-24 Month CD
0.90%$500-Business 24 Month CD
0.80%$500-18 Month CD
0.80%$500-Business 18 Month CD
0.70%$500-15 Month CD
0.70%$500-Business 15 Month CD
0.60%$500-12 Month CD
0.60%$500-Business 12 Month CD
0.40%$500-9 Month CD
0.40%$500-Business 9 Month CD
0.25%$500-182 Day CD
0.25%$500-Business 182 Day CD
0.20%$500-91 Day CD
0.20%$500-Business 91 Day CD
0.15%$500-30 Day CD
0.15%$500-Business 30 Day CD

Southern Commerce Bank IRA Rates

1.30%$500-60 Month IRA
1.30%--Business 60 Month IRA
1.10%$500-48 Month IRA
1.10%--Business 48 Month IRA
1.00%$500-36 Month IRA
1.00%--Business 36 Month IRA
0.95%$500-30 Month IRA
0.95%--Business 30 Month IRA
0.90%$500-24 Month IRA
0.90%--Business 24 Month IRA
0.80%$500-18 Month IRA
0.80%--Business 18 Month IRA
0.70%$500-15 Month IRA
0.70%--Business 15 Month IRA
0.60%$500-12 Month IRA
0.60%--Business 12 Month IRA
0.40%$500-9 Month IRA
0.40%--Business 9 Month IRA
0.25%$500-182 Day IRA
0.25%--Business 182 Day IRA
0.20%$500-91 Day IRA
0.20%--Business 91 Day IRA

Southern Commerce Bank Locations
Port St. Lucie Branch10855 South U.S. Highway 1Port Saint Lucie, FL 34952
Daytona Beach Branch1101 Beville RoadDaytona Beach, FL 32119
Seminole Branch11290 Park BoulevardSeminole, FL 33772
Bradenton Branch1201 Ninth Avenue WestBradenton, FL 34205
Gainesville Branch1800 Ne 12th AveGainesville, FL 32641
Clearwater Branch1810 North Belcher RoadClearwater, FL 33765
Punta Gorda Branch5001 Taylor RoadPunta Gorda, FL 33950
Ft. Pierce Branch5100 Okeechobee RoadFort Pierce, FL 34947
Southern Commerce Bank, National Association5650 Breckenridge Park Drive, Suite 110Tampa, FL 33610
Jacksonville Branch6767 103rd StreetJacksonville, FL 32210