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Southern Bank
Spartanburg, SC · FDIC Certificate #16288 · Chartered 07/0
Total assets
$407.88M
Total deposits
$358.38M
Total equity
$32.15M
Net loans
$262.38M
Branches (offices)
8
Net income (YTD)
$206.00K
Rank: #2,041 of 4,213 U.S. banks by assets · #28 of 43 in South Carolina. Assets changed 16.4% and deposits 19.9% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.10% |
| Return on equity | 1.31% |
| Net interest margin (YTD) | 3.29% |
| Equity to assets | 7.88% |
| Tier 1 leverage ratio | 8.18% |
| Uninsured deposits (share of deposits) | 17.8% |
| Noncurrent loans (share of loans) | 0.28% |
| Net charge-offs (share of loans) | -0.03% |
| Loans to deposits | 73.2% |
| Real estate loans (share of loans) | 89.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $235.59M | 89.8% | |
| Commercial & industrial | $26.34M | 10.0% | |
| Consumer / individual | $3.15M | 1.2% | |
| Construction & development | $39.46M | 15.0% | |
| Agricultural | $6.00K | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $184.68M | $168.80M | $178.00K | $15.35M |
| Jun 2023 | $250.26M | $222.55M | $239.00K | $21.82M |
| Jun 2024 | $318.19M | $274.92M | $162.00K | $26.75M |
| Jun 2025 | $350.31M | $298.90M | $274.00K | $28.58M |
| Jun 2026 | $407.88M | $358.38M | $206.00K | $32.15M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| South Carolina | $273.80M | 4 |
| Georgia | $84.58M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $358.38M.
Similar-sized banks
Winter Hill Bank, FSB ($407.95M) · The First National Bank Of Elmer ($407.77M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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