Mount Olive, NC · Cert 15359 · Southern Bancshares N C Inc.
State charter, non-member · FDIC · 56 branches
Q2 2026
Market Position · Virginia Beach-Chesapeake-Norfolk, VA-NC · 2026 SOD (annual) · 2.6% share · #7 of 22 inst. · $0.8B of $31.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.13% | 1.30% | 0.47% | 0.95% | 0.87% | 1.19% | 0.89% | 1.40% | +45 bps | |
| Return on Equity | 17.42% | 19.90% | 6.59% | 12.88% | 11.49% | 15.44% | 10.90% | 17.13% | +425 bps | |
| Net Interest Margin | 2.40% | 2.39% | 2.73% | 2.88% | 2.90% | 2.94% | 3.34% | 3.37% | +49 bps | |
| Efficiency Ratio | 66.62% | 65.18% | 61.98% | 60.10% | 58.21% | 56.59% | 53.23% | 52.63% | -747 bps | |
| Non-Interest Burden | 1.40% | 1.36% | 1.48% | 1.50% | 1.45% | 1.42% | 1.50% | 1.48% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.72% | 5.36% | 2.88% | 3.04% | 3.74% | 3.69% | 6.85% | 7.31% | +427 bps | |
| Loan Growth (YoY) | 5.11% | 4.77% | 1.96% | 3.91% | 4.88% | 5.11% | 7.62% | 8.44% | +452 bps | |
| Deposit Growth (YoY) | 6.96% | 7.38% | 7.68% | 6.97% | 6.34% | 5.26% | 6.75% | 7.82% | +84 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.20% | 0.18% | 0.17% | 0.14% | 0.15% | 0.13% | 0.12% | 0.12% | -2 bps | |
| Net Charge-Offs / Loans | -0.02% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.05% | 1.05% | 1.06% | 1.04% | 1.03% | 1.05% | 1.05% | 1.05% | +1 bps | |
| Allowance Coverage of NPLs | 5.3x | 5.7x | 6.2x | 7.2x | 6.9x | 8.2x | 8.6x | 8.7x | +1.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.41% | 9.37% | 9.49% | 9.98% | 9.92% | 9.57% | 9.69% | 9.63% | -34 bps | |
| Total Risk-Based Capital | 13.79% | 14.11% | 14.18% | 14.20% | 14.36% | 13.87% | 14.07% | 13.63% | -58 bps | |
| Equity / Assets | 7.24% | 6.75% | 7.42% | 7.93% | 8.13% | 8.16% | 8.22% | 8.18% | +25 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 73.10% | 73.12% | 72.26% | 74.22% | 72.09% | 73.02% | 72.85% | 74.65% | +43 bps | |
| Liquid Assets / Assets | 3.65% | 4.40% | 4.00% | 1.86% | 5.51% | 4.16% | 4.12% | 3.10% | +124 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 322% | 333% | 333% | n/a | n/a | |