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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

$133.1MAssets
$68.2MLoans
$104.8MDeposits
$17.9MEquity
Loan mix
40%RE $23.1M60%C&I $34.3M0%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
89%Interest-bearing $93.6M11%Noninterest $11.2MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.13%1.17%0.75%0.60%0.60%0.74%1.13%1.32%+71 bps
Return on Equity9.03%9.31%6.06%4.79%4.74%5.80%8.37%9.80%+501 bps
Net Interest Margin7.13%7.06%6.96%6.86%6.98%6.87%7.37%7.93%+108 bps
Efficiency Ratio73.58%74.18%82.37%82.80%83.92%82.79%78.35%72.15%-1,064 bps
Non-Interest Burden5.09%5.09%5.66%5.60%5.78%5.61%5.69%5.63%+3 bps
Growth
Asset Growth (YoY)7.86%6.81%19.33%9.94%12.16%10.02%-0.02%6.46%-348 bps
Loan Growth (YoY)9.23%7.31%11.45%-2.29%-6.82%-0.31%-4.50%16.78%+1,907 bps
Deposit Growth (YoY)3.80%5.55%19.56%9.77%13.16%7.66%-2.21%2.96%-680 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.68%3.75%3.87%3.39%3.15%3.15%1.89%-197 bps
Net Charge-Offs / Loans0.04%0.03%0.28%0.16%1.93%1.45%-1.07%-0.63%-79 bps
Allowance / Loans2.44%2.61%2.66%3.17%2.01%1.88%2.29%2.52%-65 bps
Allowance Coverage of NPLs8.0x3.9x0.7x0.8x0.6x0.6x0.7x1.3x+0.5x
Capital
Tier 1 Leverage Ratio15.39%15.27%14.58%14.26%14.62%14.48%14.96%15.05%+79 bps
Total Risk-Based Capital15.39%15.27%14.58%14.26%14.62%14.48%14.96%15.05%+79 bps
Equity / Assets13.27%12.68%12.25%12.93%12.96%13.28%13.65%13.42%+49 bps
Liquidity & Funding
Loans / Deposits66.37%61.76%57.69%57.38%54.65%57.19%56.34%65.08%+770 bps
Liquid Assets / Assets10.00%13.76%20.28%19.35%19.29%19.45%18.51%14.21%-515 bps
CRE / Total Capitaln/an/an/an/a68.57%64.48%64.29%n/an/a