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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 $6.4MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $251.6M25%Noninterest $84.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.00%, down 45 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.08% of loans (+1 bps YoY), with net charge-offs at 0.08%.
  • 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.

Return on Assets (quarter, annualized)

1.00%-45 bps YoY

Net Interest Margin (quarter, annualized)

3.09%+16 bps YoY

Efficiency Ratio (quarter, annualized)

58.49%+1,004 bps YoY

Tier 1 Leverage Ratio

13.63%-51 bps YoY

NIM

4.90%Q2 ’245.05%Q2 ’255.04%Q2 ’26+12%+5%

Non-interest income vs. expense

1.98%Q2 ’241.93%Q2 ’252.00%Q2 ’26-47%+91%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.96%0.87%0.93%1.46%1.13%0.78%1.21%1.00%-45 bps
Return on Equity9.11%8.27%8.95%13.31%10.25%7.06%10.96%8.97%-435 bps
Net Interest Margin2.75%2.76%2.79%2.93%3.03%3.05%2.98%3.09%+16 bps
Efficiency Ratio58.35%71.74%57.53%48.45%53.69%74.11%58.21%58.49%+1,004 bps
Non-Interest Burden1.46%1.80%1.46%0.87%1.46%2.18%1.58%1.66%+79 bps
Growth
Asset Growth (YoY)9.35%6.52%4.71%6.23%5.20%4.84%7.12%3.60%-264 bps
Loan Growth (YoY)4.80%9.32%15.52%16.85%11.36%8.65%6.38%5.39%-1,146 bps
Deposit Growth (YoY)7.36%6.56%3.67%4.94%5.25%3.71%7.09%3.39%-156 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.12%0.36%0.07%0.07%0.06%0.07%0.08%+1 bps
Net Charge-Offs / Loans0.13%0.01%0.01%0.00%0.00%0.01%0.00%0.08%+8 bps
Allowance / Loans1.14%1.12%1.10%1.11%1.14%1.13%1.14%1.14%+3 bps
Allowance Coverage of NPLs11.1x9.4x3.0x15.3x16.4x17.4x15.3x13.5x-1.8x
Capital
Tier 1 Leverage Ratio13.82%13.65%14.03%14.14%13.40%13.34%13.51%13.63%-51 bps
Total Risk-Based Capital13.82%22.11%14.03%14.14%13.40%22.45%13.51%13.63%-51 bps
Equity / Assets10.96%10.11%10.72%11.17%10.95%11.08%10.94%11.45%+28 bps
Liquidity & Funding
Loans / Deposits49.09%49.71%52.16%52.68%51.93%52.08%51.82%53.71%+102 bps
Liquid Assets / Assets4.07%4.48%4.08%4.08%4.15%3.94%3.95%4.07%-1 bps
CRE / Total Capitaln/an/an/an/a134.20%137.53%140.44%n/an/a