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Overview / Commentary
101 North Broadway
Goreville, IL 62939

SouthernTrust Bank is headquartered in Goreville and is the 450th largest bank in the state of Illinois. It is also the 5,986th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 15 employees at 2 locations. SouthernTrust Bank has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
B

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 SouthernTrust Bank had $1.09 million in non-current loans and owned real-estate with $5.04 million in equity and loan loss allowances on hand to cover it. This gives SouthernTrust Bank a Texas Ratio of 21.68% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for SouthernTrust Bank experienced no significant changes from 23.42% as of March 31, 2013 to 21.68% as of March 31, 2014, resulting in a positive change of 7.44%.This indicates that the balance sheet and financial strength for SouthernTrust Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, SouthernTrust Bank has increased its total deposits by $4.34 million, resulting in 10.81% 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 SouthernTrust Bank has shown is excellent.

Capitalization

GRADE:
B+

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. SouthernTrust Bank has $49.08 million in assets with $5.04 million in equity, resulting in a capitalization level of 10.26%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57897
Year Established2005
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$49.08 million
Loans$28.85 million
Deposits$44.48 million
Equity Capital$4.49 million
Loan Loss Allowance$547,000
Unbacked Noncurrent Loans$439,000
Real Estate Owned$653,000
Historic Data - March 2013
Assets$45.72 million
Equity Capital$4.34 million
Loan Loss Allowance$528,000
Unbacked Noncurrent Loans$439,000
Real Estate Owned$173,000
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets1.03%
Return on Equity11.39%
Interest Income$484,000
Rates

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Locations


SouthernTrust Bank Locations
Southerntrust Bank101 North BroadwayGoreville, IL 62939
Southern Trust Bank - Lake Of Egypt1500 State Route 57Marion, IL 62959
Vienna Branch200 South First StreetVienna, IL 62995