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5650 Breckenridge Park Drive, Suite 110
Tampa, FL 33610

Southern Commerce Bank is headquartered in Tampa and is the 181st largest bank in the state of Florida. It is also the 5,245th largest bank in the nation. It was established in 1987 and as of December of 2013, it had grown to 36 employees at 8 locations. Southern Commerce Bank has a B+ health rating.

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Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Southern Commerce Bank had $1.14 million in non-current loans and owned real-estate with $26.3 million in equity and loan loss allowances on hand to cover it. This gives Southern Commerce Bank a Texas Ratio of 4.35% 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 98.84% as of December 31, 2012 to 4.35% as of December 31, 2013, resulting in a positive change of 95.60%.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 -$11.49 million, resulting in -17.56% 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 $79.52 million in assets with $26.3 million in equity, resulting in a capitalization level of 33.07%, which is excellent.

Institution Statistics

FDIC Certificate #26970
Year Established1987
Primary RegulatorOCC
Assets and Liabilities
Assets$79.52 million
Loans$28.87 million
Deposits$53.91 million
Equity Capital$24.86 million
Loan Loss Allowance$1.44 million
Unbacked Noncurrent Loans$203,000
Real Estate Owned$940,000
Historic Data - December 2012
Assets$80.65 million
Equity Capital$13.82 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$203,000
Real Estate Owned$2.66 million
Profit Margin - Quarterly
Net Interest Margin2.09%
Return on Assets14.99%
Return on Equity74.91%
Interest Income$1.66 million

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Southern Commerce Bank Savings Account Rates

0.05%$300-Savings Account

Southern Commerce Bank Money Market Rates

0.25%$1m-Personal Money Market

Southern Commerce Bank Checking Account Rates

0.05%$1k-Platinum Checking
0.05%$1k-Classic Checking

Southern Commerce Bank CD Rates

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

Southern Commerce Bank IRA Rates

1.30%$500-60 Month IRA (Traditional,Roth,CESA,SEP)
1.10%$500-48 Month IRA (Traditional,Roth,CESA,SEP)
1.00%$500-36 Month IRA (Traditional,Roth,CESA,SEP)
0.95%$500-30 Month IRA (Traditional,Roth,CESA,SEP)
0.90%$500-24 Month IRA (Traditional,Roth,CESA,SEP)
0.80%$500-18 Month IRA (Traditional,Roth,CESA,SEP)
0.70%$500-15 Month IRA (Traditional,Roth,CESA,SEP)
0.60%$500-12 Month IRA (Traditional,Roth,CESA,SEP)
0.40%$500-9 Month IRA (Traditional,Roth,CESA,SEP)
0.25%$500-182 Day IRA (Traditional,Roth,CESA,SEP)
0.20%$500-91 Day IRA (Traditional,Roth,CESA,SEP)

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