Southern Bank and Trust Company


Overview / Commentary
919-658-7000
100 North Center Street
Mount Olive, NC 28365

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 304th largest bank in the nation. It was established in 1901 and as of March of 2021, it had grown to 574 employees at 60 locations. Southern Bank and Trust Company has an A health rating.

Reviews (3)

Great Service Every Time!

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!

DID NOT KEEP THEIR WORD

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

JERRY RABEY

THIS BANK DOES NOT KEEP ITS WORD.THEY HAVE JERKED MY WIFE AND I AROUND FOR THE LAST 30 DAYS. I DONT KNOW HOW THEY STAY IN BUSINESS.



Health

Health Grade Components

Overall
FDIC Certificate #15359
Year Established1901
Employees574
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.01%
Return on Equity - YTD23.76%
Annual Interest Income$29.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$3.92B$3.06B
LoansQ1 2021vs Q1 2020$2.27B$1.85B
DepositsQ1 2021vs Q1 2020$3.54B$2.58B
Equity CapitalQ1 2021vs Q1 2020$322.2MM$315.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$29.7MM$23.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$6.8MM$8.5MM
Real Estate OwnedQ1 2021vs Q1 2020$261.00K$940.00K
Rates

Sorry, we do not have rate data for Southern Bank and Trust Company.

Locations

Availability



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