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Southern Independent Bank

Opp, AL · Cert 58357 · Southern Ind Bancshares Inc.

State charter, non-member · FDIC · 3 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=581 to 629). 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

50

Q2 2024Q2 2026peer median (50)

Asset Quality

59

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

16

Q2 2024Q2 2026peer median

Efficiency

75

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 Independent Bank

Opp, AL · Cert 58357 · Southern Ind Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$395.3MAssets
$180.7MLoans
$336.5MDeposits
$45.2MEquity
Loan mix
80%RE $138.7M16%C&I $28.6M4%Consumer $6.4MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $251.6M25%Noninterest $84.9MQ2 2025Q2 2026

NIM

4.86%Q2 ’244.93%Q2 ’254.97%Q2 ’26+7%+7%

Non-interest income vs. expense

1.90%Q2 ’241.85%Q2 ’251.96%Q2 ’26-26%+40%

Executive Summary

  • Earnings: ROA of 1.11%, down 9 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.08% of loans (+1 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 13.63%, down 51 bps from a year ago.
  • Funding: loans stand at 53.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+18 bps YoY

Efficiency Ratio (YTD, annualized)

58.35%+595 bps YoY

Tier 1 Leverage Ratio

13.63%-51 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.17%1.07%1.21%1.11%-9 bps
Return on Equity11.19%10.92%9.91%10.96%9.94%-125 bps
Net Interest Margin2.83%2.87%2.87%2.98%3.02%+18 bps
Efficiency Ratio52.40%52.82%58.16%58.21%58.35%+595 bps
Non-Interest Burden1.15%1.24%1.46%1.58%1.62%+46 bps
Growth
Asset Growth (YoY)6.23%5.20%4.84%7.12%3.60%-264 bps
Loan Growth (YoY)16.85%11.36%8.65%6.38%5.39%-1,146 bps
Deposit Growth (YoY)4.94%5.25%3.71%7.09%3.39%-156 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.06%0.07%0.08%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.04%+4 bps
Allowance / Loans1.11%1.14%1.13%1.14%1.14%+3 bps
Allowance Coverage of NPLs15.3x16.4x17.4x15.3x13.5x-1.8x
Capital
Tier 1 Leverage Ratio14.14%13.40%13.34%13.51%13.63%-51 bps
Total Risk-Based Capital14.14%13.40%22.45%13.51%13.63%-51 bps
Equity / Assets11.17%10.95%11.08%10.94%11.45%+28 bps
Liquidity & Funding
Loans / Deposits52.68%51.93%52.08%51.82%53.71%+102 bps
Liquid Assets / Assets4.08%4.15%3.94%3.95%4.07%-1 bps
CRE / Total Capitaln/a134.20%137.53%140.44%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 Independent Bank

Opp, AL · Cert 58357 · Peer group: banks under $1B in assets (n=581-629) · Southern Ind Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$395.3MAssets
$180.7MLoans
$336.5MDeposits
$45.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 76% of banks under $1B in assets (rank 140 of 581).
  • Widest gap: net interest margin trails 75% of banks under $1B in assets (rank 474 of 629).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.12%

Rank 275 of 629

Net Interest Margin

3.02%

Rank 474 of 629

Efficiency Ratio

58.35%

Rank 158 of 629

Equity / Assets

11.45%

Rank 260 of 629

Non-interest income vs. expense

$1.4M$7.9MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 75% of banks under $1B in assets
Bank 58.35%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.12%0.60%1.01%1.45%Beats 56%275 / 629
Return on Equity9.75%5.38%9.30%13.28%Beats 53%298 / 629
Net Interest Margin3.02%3.03%3.54%4.05%Beats 25%474 / 629
Efficiency Ratio58.35%58.35%67.79%79.08%Beats 75%158 / 629
Asset Quality
Nonperforming Loans / Loans0.08%0.09%0.46%1.20%Beats 76%140 / 581
Net Charge-Offs / Loans0.02%n/a0.01%0.06%Beats 41%344 / 581
Capital
Tier 1 Capital Ratio13.63%11.24%13.84%18.77%Beats 48%324 / 629
Total Risk-Based Capital Ratio13.63%11.58%14.43%19.66%Beats 44%354 / 629
Equity / Assets11.45%9.09%10.65%13.80%Beats 59%260 / 629
Liquidity & Funding
Loans / Deposits53.71%67.24%80.90%93.48%13th pctl515 / 594
Loans / Assets45.72%53.31%67.71%78.15%17th pctl522 / 629
Brokered Deposits / Depositsn/aNot reported for this institution