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Southern Bank Company, The

Gadsden, AL · Cert 29731 · Southern Banc Co. Inc. the

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 under $1B in assets (n=573 to 620). 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

62

Q2 2024Q2 2026peer median (50)

Asset Quality

24

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

57

Q2 2024Q2 2026peer median

Efficiency

40

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 2026-10-10

Southern Bank Company, The

Gadsden, AL · Cert 29731 · Southern Banc Co. Inc. the

State charter, non-member · FDIC · 4 branches

Q2 2026

$133.1MAssets
$68.2MLoans
$104.8MDeposits
$17.9MEquity
Loan mix
40%RE $23.1M60%C&I $34.3M0%Consumer $0.2MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $93.6M11%Noninterest $11.2MQ2 2025Q2 2026

NIM

9.35%Q2 ’248.95%Q2 ’259.95%Q2 ’26-6%+16%

Non-interest income vs. expense

5.86%Q2 ’246.05%Q2 ’255.98%Q2 ’26+8%+0%

Market Position · Gadsden, AL · 2026 SOD (annual) · 3.7% share · #7 of 12 inst. · $0.1B of $1.5B

3.7% Etowah
7.6% Cherokee
0.5% Marshall

Executive Summary

  • Earnings: ROA of 1.32%, up 71 bps year over year; NIM at 7.93%.
  • Asset quality: problem loans at 1.89% of loans (-197 bps YoY), with net recoveries of 0.63%.
  • Capital: tier 1 leverage ratio of 15.05%, up 79 bps from a year ago.
  • Funding: loans stand at 65.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.32%+71 bps YoY

Net Interest Margin (YTD, annualized)

7.93%+108 bps YoY

Efficiency Ratio (YTD, annualized)

72.15%-1,064 bps YoY

Tier 1 Leverage Ratio

15.05%+79 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.60%0.74%1.13%1.32%+71 bps
Return on Equity4.79%4.74%5.80%8.37%9.80%+501 bps
Net Interest Margin6.86%6.98%6.87%7.37%7.93%+108 bps
Efficiency Ratio82.80%83.92%82.79%78.35%72.15%-1,064 bps
Non-Interest Burden5.60%5.78%5.61%5.69%5.63%+3 bps
Growth
Asset Growth (YoY)9.94%12.16%10.02%-0.02%6.46%-348 bps
Loan Growth (YoY)-2.29%-6.82%-0.31%-4.50%16.78%+1,907 bps
Deposit Growth (YoY)9.77%13.16%7.66%-2.21%2.96%-680 bps
Asset Quality
Nonperforming Loans / Loans3.87%3.39%3.15%3.15%1.89%-197 bps
Net Charge-Offs / Loans0.16%1.93%1.45%-1.07%-0.63%-79 bps
Allowance / Loans3.17%2.01%1.88%2.29%2.52%-65 bps
Allowance Coverage of NPLs0.8x0.6x0.6x0.7x1.3x+0.5x
Capital
Tier 1 Leverage Ratio14.26%14.62%14.48%14.96%15.05%+79 bps
Total Risk-Based Capital14.26%14.62%14.48%14.96%15.05%+79 bps
Equity / Assets12.93%12.96%13.28%13.65%13.42%+49 bps
Liquidity & Funding
Loans / Deposits57.38%54.65%57.19%56.34%65.08%+770 bps
Liquid Assets / Assets19.35%19.29%19.45%18.51%14.21%-515 bps
CRE / Total Capitaln/a68.57%64.48%64.29%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 2026-10-10

Southern Bank Company, The

Gadsden, AL · Cert 29731 · Peer group: banks under $1B in assets (n=573-620) · Southern Banc Co. Inc. the

State charter, non-member · FDIC · 4 branches

Q2 2026

$133.1MAssets
$68.2MLoans
$104.8MDeposits
$17.9MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 100% of banks under $1B in assets (rank 1 of 620).
  • Widest gap: nonperforming loans / loans trails 85% of banks under $1B in assets (rank 486 of 573).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.29%

Rank 198 of 620

Net Interest Margin

7.93%

Rank 1 of 620

Efficiency Ratio

72.15%

Rank 376 of 620

Equity / Assets

13.42%

Rank 164 of 620

Non-interest income vs. expense

$0.5M$8.0MINCOMEEXPENSE
Unfavorable gap of $7.5M · efficiency ratio beats 40% of banks under $1B in assets
Bank 72.15%Peer median 68.1%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.29%0.60%1.00%1.45%Beats 68%198 / 620
Return on Equity9.62%5.30%9.30%13.29%Beats 52%298 / 620
Net Interest Margin7.93%3.02%3.53%4.04%Beats 100%1 / 620
Efficiency Ratio72.15%58.35%68.08%79.37%Beats 40%376 / 620
Asset Quality
Nonperforming Loans / Loans1.89%0.09%0.47%1.27%Beats 15%486 / 573
Net Charge-Offs / Loans0.03%n/a0.01%0.06%Beats 32%389 / 573
Capital
Tier 1 Capital Ratio15.05%11.27%13.87%18.78%Beats 59%252 / 620
Total Risk-Based Capital Ratio15.05%11.69%14.57%19.67%Beats 54%287 / 620
Equity / Assets13.42%9.03%10.60%13.73%Beats 74%164 / 620
Liquidity & Funding
Loans / Deposits65.08%65.08%79.69%92.47%25th pctl439 / 585
Loans / Assets51.23%51.85%67.17%77.86%24th pctl471 / 620
Brokered Deposits / Depositsn/aNot reported for this institution