Southern Bank and Trust Company is headquartered in Mount Olive and is the 6th largest bank in the state of North Carolina. It is also the 307th largest bank in the nation. It was established in 1901 and as of December of 2020, it had grown to 572 employees at 60 locations. Southern Bank and Trust Company has an A health rating.
Banking with South Bank and Trust has been a refreshing experience. I had currently had accounts with Wells Fargo and was tired of racking up fees and never being able to properly cancel services. I had heard nothing but great things about Southern Bank, so I decided to make the switch four years ago. I make a lot of purchases online and they have given me the freedom to do so safely. They routinely call me if I have made several purchases to new vendors to verify all of the charges are correct. If there is a disputed charge, they have been quick to deny it and protect my safety. The tellers are excellent people who are always friendly, helpful, and efficient. It's wonderful knowing that my checking and savings accounts are in great hands!
SOUTHERN BANK DID NOT KEEP ITS WORD ON A LOAN THEY GAVE ME, SO I WAS NOT ABLE TO KEEP MY WORD TO THE MAN I WAS BUYING LAND FROM,THEY WOULD NOT RETURN CALLS FOR WEEKS.THE MGR IN AHOSKIE TALKED UGLY TO ME, THEY CAUSED ME TO LOOSE A PEACE OF LAND I WANTED TO RETIRE ON. I WOULD NOT DEAL WITH THIS BANK
|FDIC Certificate #||15359|
|Return on Assets - YTD||1.09%|
|Return on Equity - YTD||11.84%|
|Annual Interest Income||$116.3MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$3.71B$2.93B|
|Loans||Q4 2020vs Q4 2019||$2.29B$1.82B|
|Deposits||Q4 2020vs Q4 2019||$3.32B$2.51B|
|Equity Capital||Q4 2020vs Q4 2019||$323.0MM$300.8MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$30.2MM$21.4MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$8.0MM$9.7MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$442.00K$773.00K|
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