Southern Bank is headquartered in POPLAR BLUFF and is the 9th largest bank in the state of Missouri. It is also the 304th largest bank in the nation. It was established in 1887 and as of June of 2023, it had grown to 676 employees at 71 locations. Southern Bank has an A health rating.
I've been a customer for a few years now and they are great place to bank at. I have accounts at least three different banks and they are the best.
My experience with Southern Bank has been good. I setup my account with them all online and was relatively easy. They have a smooth mobile app that allows you to access your account anytime you want to. You can deposit checks using the app for easy convenience. The reason I picked this bank was because of their killer interest rate on checking accounts. Currently it's at 3% on up to $15,000. The only catch is you have to do some sort of direct deposit, 12 debit card transactions, and sign-up for paperless statements. It's easy to find 12 things a month to use my debit card on. If you meet all the requirements then they will reimburse you on ATM fees from other banks.
A female employee at my location took it upon herself to speek to me, a 65 year old woman as though she was reprimanding her child. She blamed me (the victim) for my card information being stolen. First off I’m old enough and computer knowledgeable enough to know how to keep my information as safe as can be expected. Come to find out Samsung has a major security issue and my phone was hacked. How totally irresponsible and downright hateful she had while blaming the customer. You should never assume you know how someone lives and protects their personal information. Her attitude is unacceptable but I didn’t get the feeling her supervisor would correct her attitude. Now I’ll be finding a new bank.
Southern bank took over my bank and it's been royally screwed up since... Highly don't recommend this bank they're horrible
Overall | |
---|---|
FDIC Certificate # | 28332 |
Year Established | 1887 |
Employees | 676 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.95% |
Return on Equity - YTD | 10.15% |
Annual Interest Income | $98.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $4.31B$3.19B |
Loans | Q2 2023vs Q2 2022 | $3.57B$2.69B |
Deposits | Q2 2023vs Q2 2022 | $3.74B$2.82B |
Equity Capital | Q2 2023vs Q2 2022 | $404.3MM$306.5MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $47.8MM$33.2MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $6.8MM$4.1MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $3.6MM$2.2MM |
Always verify rates and promotions with the bank or credit union. We are not Southern Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | - | First-Time Home Buyers Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.00%* | - | $25k | Southern Advantage | ||
OTHER TIERS: 1.00% → $25k+ | |||||
1.01%* | - | $10k | Southern Elite | ||
OTHER TIERS: 0.10% → $10k+ |