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 7th largest bank in the state of North Carolina. It is also the 318th largest bank in the nation. It was established in 1901 and as of June of 2020, it had grown to 575 employees at 63 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
Employees575
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.64%
Annual Interest Income$56.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$3.46B$2.75B
LoansQ2 2020vs Q2 2019$2.23B$1.73B
DepositsQ2 2020vs Q2 2019$2.98B$2.41B
Equity CapitalQ2 2020vs Q2 2019$302.7MM$283.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$27.0MM$19.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.5MM$8.3MM
Real Estate OwnedQ2 2020vs Q2 2019$680.00K$294.00K
Rates

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

Locations

Availability



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