PackageTrendsPeer
Letter portraitLegal landscape

Southern Bank and Trust Company

Mount Olive, NC · Cert 15359 · Southern Bancshares N C Inc.

State charter, non-member · FDIC · 56 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating regionally (n=176). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

36

Q2 2024Q2 2026peer median (50)

Asset Quality

83

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

12

Q2 2024Q2 2026peer median

Efficiency

76

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Southern Bank and Trust Company

Mount Olive, NC · Cert 15359 · Southern Bancshares N C Inc.

State charter, non-member · FDIC · 56 branches

Q2 2026

$5.3BAssets
$3.6BLoans
$4.8BDeposits
$433.7MEquity
Loan mix
92%RE $3.1B7%C&I $0.2B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $3.3B31%Noninterest $1.5BQ2 2025Q2 2026

NIM

3.72%Q2 ’244.03%Q2 ’254.25%Q2 ’26+20%+17%

Non-interest income vs. expense

2.00%Q2 ’242.05%Q2 ’252.08%Q2 ’26+6%-1%

Market Position · Virginia Beach-Chesapeake-Norfolk, VA-NC · 2026 SOD (annual) · 2.6% share · #7 of 22 inst. · $0.8B of $31.1B

85.4% Hertford
17.2% Nash
24.0% Wayne
11.6% Pitt

Executive Summary

  • Earnings: ROA of 1.40%, up 45 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.12% of loans (-2 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.63%, down 34 bps from a year ago.
  • Funding: loans stand at 74.65% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.40%+45 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+49 bps YoY

Efficiency Ratio (YTD, annualized)

52.63%-747 bps YoY

Tier 1 Leverage Ratio

9.63%-34 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%0.87%1.19%0.89%1.40%+45 bps
Return on Equity12.88%11.49%15.44%10.90%17.13%+425 bps
Net Interest Margin2.88%2.90%2.94%3.34%3.37%+49 bps
Efficiency Ratio60.10%58.21%56.59%53.23%52.63%-747 bps
Non-Interest Burden1.50%1.45%1.42%1.50%1.48%-2 bps
Growth
Asset Growth (YoY)3.04%3.74%3.69%6.85%7.31%+427 bps
Loan Growth (YoY)3.91%4.88%5.11%7.62%8.44%+452 bps
Deposit Growth (YoY)6.97%6.34%5.26%6.75%7.82%+84 bps
Asset Quality
Nonperforming Loans / Loans0.14%0.15%0.13%0.12%0.12%-2 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.04%1.03%1.05%1.05%1.05%+1 bps
Allowance Coverage of NPLs7.2x6.9x8.2x8.6x8.7x+1.5x
Capital
Tier 1 Leverage Ratio9.98%9.92%9.57%9.69%9.63%-34 bps
Total Risk-Based Capital14.20%14.36%13.87%14.07%13.63%-58 bps
Equity / Assets7.93%8.13%8.16%8.22%8.18%+25 bps
Liquidity & Funding
Loans / Deposits74.22%72.09%73.02%72.85%74.65%+43 bps
Liquid Assets / Assets1.86%5.51%4.16%4.12%3.10%+124 bps
CRE / Total Capitaln/a322%333%333%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Southern Bank and Trust Company

Mount Olive, NC · Cert 15359 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Southern Bancshares N C Inc.

State charter, non-member · FDIC · 56 branches

Q2 2026

$5.3BAssets
$3.6BLoans
$4.8BDeposits
$433.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 91% of banks $1B-$10B in assets operating regionally (rank 15 of 176).
  • Widest gap: equity / assets trails 89% of banks $1B-$10B in assets operating regionally (rank 156 of 176).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.39%

Rank 63 of 176

Net Interest Margin

3.37%

Rank 118 of 176

Efficiency Ratio

52.63%

Rank 44 of 176

Equity / Assets

8.18%

Rank 156 of 176

Non-interest income vs. expense

$32.7M$114.3MINCOMEEXPENSE
Unfavorable gap of $81.7M · efficiency ratio beats 76% of banks $1B-$10B in assets operating regionally
Bank 52.63%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.39%0.93%1.26%1.54%Beats 64%63 / 176
Return on Equity16.98%9.26%11.89%14.46%Beats 91%15 / 176
Net Interest Margin3.37%3.25%3.59%3.93%Beats 33%118 / 176
Efficiency Ratio52.63%52.79%59.55%67.66%Beats 76%44 / 176
Asset Quality
Nonperforming Loans / Loans0.12%0.30%0.64%1.32%Beats 91%17 / 176
Net Charge-Offs / Loans0.01%0.01%0.04%0.10%Beats 74%46 / 176
Capital
Tier 1 Capital Ratio12.68%11.15%12.72%14.15%Beats 48%91 / 176
Total Risk-Based Capital Ratio13.63%11.81%13.63%15.33%Beats 50%88 / 176
Equity / Assets8.18%9.16%10.35%11.80%Beats 11%156 / 176
Liquidity & Funding
Loans / Deposits74.65%80.94%89.73%97.21%13th pctl154 / 176
Loans / Assets67.95%69.25%75.12%80.82%19th pctl143 / 176
Brokered Deposits / Depositsn/aNot reported for this institution