South Central Bank, Inc. is headquartered in GLASGOW and is the 8th largest bank in the state of Kentucky. It is also the 639th largest bank in the nation. It was established in 1908 and as of June of 2023, it had grown to 272 employees at 26 locations. South Central Bank, Inc. has a B+ health rating.
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When I went to college I needed a bank in my college town. I found South Central Bank. The staff was super friendly, they have locations all over the city, and met the needs of accounts that I was looking for. All I needed was a checking account and savings account. They did not try to sell me any unwanted products or put me into an account that would charge me money. My new checking account came with a free debit card, free box of checks, and unlimited online access and transaction numbers. At the branch that I frequented the most the staff got to know my name and took a genuine interest in my life and if they could do anything to help me with my finances. One time my car was broken into and my purse and wallet were stolen. I called them first to let them know what had happened and over the phone no questions asked they canceled my card, ordered a new one, and told me to come in to sign the paperwork whenever I got the chance to do so but to take care of everything else I needed to first. They always put my first over cooperate needs.
SCB You Have Lost Your Way.
I opened my account in 1988 the first week the Campbell ln branch opened, Treat all customers honestly and fairly and the rewards of success will follow both. "Ken Bale" whom I knew personally as I was that branches neighbor with two businesses a Transmission shop and a Hardware store. These days I am lost in the fray, tellers are rude and indifferent, Bank services for my 31 year old account are taken away yearly. Management is confrontational, stubborn and self righteous, very little consideration of working out any solutions for a given problem. I'll move on, there are much better options in South Central Kentucky.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5854 |
| Year Established | 1908 |
| Employees | 272 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.15% |
| Return on Equity - YTD | 13.77% |
| Annual Interest Income | $38.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.74B$1.61B |
| Loans | Q2 2023vs Q2 2022 | $1.33B$1.22B |
| Deposits | Q2 2023vs Q2 2022 | $1.54B$1.42B |
| Equity Capital | Q2 2023vs Q2 2022 | $146.5MM$138.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $13.4MM$12.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $10.8MM$2.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
