Southern Bank Annual Report

We maintain the complete database with all recent information about Southern Bank that you may need. With the help of the annual report, you can know the financial health of the bank, see how large it is, and track the dynamics and last trends of all financial indicators. All Southern Bank data is relevant for April 2024.

2.92

Address

100 North Center Street Mount Olive, NC 28365

FDIC Certificate ID

15359

Bank Charter Class

Federal Reserve Non-member

Financial report Southern Bank

Quarterly

Annually

Change dates

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
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2003
2002
2001
2000
1999
1998
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1996
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1994
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2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
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1994
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1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
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2001
2000
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1992

Hide dates

All values USD, Dollar figures in thousands

Updated June 30, 2022

Item

2022

2021

2020

2019

2018

Trends

Assets and Liabilities

Total assets

4,582,398

4,415,924

3,710,368

2,925,504

2,624,103

Cash & Balances due from depository institutions

192,041

181,622

267,268

122,179

168,421

Cash items in process of collection

56,789

37,940

45,964

51,729

56,613

Collection in domestic offices

32,364

17,182

26,684

28,206

34,443

Currency and coin in domestic offices

24,425

20,758

19,280

23,523

22,170

Balances due from depository institutions in U.S.

6,235

22,447

11,368

34,549

43,325

Balances due from foreign banks

N/A

Balances due from FRB

129,017

121,235

209,936

35,901

68,483

Total securities *

1,593,475

1,647,191

990,874

817,317

615,192

U.S. Government securities

1,340,276

1,318,684

792,132

693,720

503,213

U.S. Treasury securities

N/A

U.S. Government agency obligations

1,340,276

1,318,684

792,132

693,720

503,213

Securities issued by states & political subdivisions

227,831

297,159

176,470

102,219

86,157

Other domestic debt securities

3,466

3,548

3,034

3,549

4,282

Privately issued residential mortgage-backed securities

N/A

Asset backed securities

N/A

Structured financial products - Total

N/A

209

496

Other domestic debt securities - All other

3,466

3,484

2,969

3,340

3,786

Foreign debt securities

N/A

Equity securities not held for trading

21,902

27,800

19,238

17,829

21,540

Equity securities available-for-sale

N/A

Credit Loss Allowance for Held to Maturity Debt Securities

N/A

Assets held in trading accounts for TFR Reporters

N/A

General valuation allowances for securities for TFR Reporters

N/A

Federal funds sold and reverse repurchase

N/A

Net loans and leases

2,575,720

2,413,040

2,287,506

1,821,627

1,689,009

Loan and leases loss allowance**

32,846

29,309

30,150

21,425

20,090

Total loans and leases

2,608,566

2,442,349

2,317,656

1,843,052

1,709,099

Unearned income

N/A

Loans and leases, gross

2,608,566

2,442,349

2,317,656

1,843,052

1,709,099

All real estate loans

2,253,696

2,068,089

1,776,106

1,529,441

1,418,596

Real estate loans in domestic offices

2,253,696

2,068,089

1,776,106

1,529,441

1,418,596

Construction and development loans

210,964

167,672

136,727

113,673

123,609

Residential 1-4 family construction

49,916

38,267

34,845

29,205

26,637

Other construction, all land development and other land

161,048

129,405

101,882

84,468

96,972

Secured by nonfarm nonresidential properties

1,013,208

956,735

832,034

732,345

661,429

Nonfarm nonresidential secured by owner-occupied properties

591,682

551,039

502,856

457,157

423,929

Commercial real estate other non-farm non-residential

421,526

405,696

329,178

275,188

237,500

Multifamily residential real estate

89,125

92,200

69,899

64,461

59,651

1-4 family residential loans

783,057

702,881

591,738

469,041

436,148

Farmland loans

157,342

148,601

145,708

149,921

137,759

Loans held in foreign offices

N/A

Farm loans

65,556

73,520

68,771

73,712

76,562

Commercial and industrial loans

229,924

257,054

433,266

198,441

173,233

Loans to individuals

24,892

26,456

27,654

26,572

24,756

Credit card loans

N/A

Related Plans

5,186

5,789

8,066

8,058

6,322

Consumer Loans - Auto

6,937

6,590

6,374

6,309

5,906

Other loans to individuals

12,769

14,077

13,214

12,205

12,528

All other loans & leases*

34,498

17,230

11,859

14,886

15,952

Loans to foreign governments and official institutions

N/A

Obligations of states and political subdivisions in U.S.

33,998

16,863

11,454

14,002

14,641

Other loans

500

367

405

884

1,311

Lease financing receivables

N/A

Loans to depository institutions and acceptances of other banks

N/A

Trading account assets

N/A

Bank premises and fixed assets

68,222

69,447

69,111

71,099

60,047

Other real estate owned

442

773

354

Direct and indirect investments in real estate

N/A

OREO: Real estate acquired

442

773

354

Other real estate owned: 1-4 family residential

N/A

309

Other Real Estate Owned: Multi-family residential

N/A

Other real estate owned: Commercial real estate

N/A

284

Other real estate owned:Construction & development

N/A

133

760

N/A

Other real estate owned: Farmland

N/A

Foreclosed properties from GNMA loans before June 2018

N/A

Other real estate owned in foreign offices

N/A

Goodwill and other intangibles

33,490

33,074

31,809

31,309

31,686

Goodwill

26,649

Mortgage servicing assets

6,841

6,417

5,004

4,101

3,660

All other assets

119,364

71,464

63,358

61,200

59,394

Liabilities and Capital

Total liabilities and capital

4,582,398

4,415,924

3,710,368

2,925,504

2,624,103

Total Liabilities

4,329,115

4,028,765

3,387,386

2,624,727

2,363,718

Total deposits

4,164,490

3,942,603

3,315,932

2,506,996

2,307,770

Deposits held in domestic offices

4,164,490

3,942,603

3,315,932

2,506,996

2,307,770

Individuals, partnerships, and corporations

3,544,884

3,378,035

2,856,544

1,814,431

1,957,829

U.S. Government

N/A

States and political subdivisions in the U.S.

617,120

563,078

458,146

692,565

349,941

Commercial banks and other depository institutions in U.S.

2,486

1,490

1,242

N/A

Banks in foreign countries

N/A

Foreign governments and official institutions

N/A

Deposits held in foreign offices

N/A

Deposits held in domestic offices

4,164,490

3,942,603

3,315,932

2,506,996

2,307,770

Transaction accounts

2,685,461

2,528,558

2,045,192

1,476,471

1,372,309

Nontransaction accounts

1,479,029

1,414,045

1,270,740

1,030,525

935,461

Money market deposit accounts (MMDAs)

887,399

839,653

736,425

527,687

484,132

Other savings deposits (excluding MMDAs)

325,214

296,066

234,642

187,582

175,618

Total time deposits

266,416

278,326

299,673

315,255

275,711

Federal funds purchased and repurchase agreements

48,825

63,670

44,203

45,244

45,165

Trading liabilities

N/A

N/A - idobrmtg

100,000

N/A

50,000

N/A

Subordinated debt

N/A

All other liabilities

15,800

22,492

27,251

22,487

10,783

Total equity capital

253,283

387,159

322,982

300,777

260,385

Bank equity capital

253,283

387,159

322,982

300,777

260,385

Perpetual preferred stock

N/A

Common stock

832

Surplus

175,986

150,171

Undivided profits

76,465

210,341

171,979

149,774

109,382

Equity, minor interest in consolidated subs

N/A

Memoranda

Noncurrent loans and leases

6,327

6,581

8,866

11,117

11,639

Income earned, not collected on loans

12,615

11,956

12,135

10,585

9,846

Earning assets

4,305,164

4,206,747

3,526,647

2,709,622

2,415,660

Long-term assets (5+ years)

2,880,720

2,785,354

1,697,287

1,171,168

1,058,203

Average total assets

4,503,821

4,086,628.6

3,356,348.6

2,769,921

2,580,812.8

Average assets, quarterly

4,547,769.5

4,329,548.5

3,667,045

2,889,891.5

2,609,175.5

Total risk weighted assets adjusted

3,224,622

2,976,546

2,490,369

2,223,600

2,041,743

Adjusted average assets for leverage capital purposes

4,710,353

4,368,365

3,687,077

2,875,296

2,615,025

Life insurance assets

29,271

28,919

28,191

27,595

27,276

General account life insurance assets

29,271

28,919

28,191

27,595

27,276

Separate account life insurance assets

N/A

Hybrid life insurance assets

N/A

Volatile liabilities

219,888

142,634

124,821

132,240

79,807

Insider loans

846

603

2,571

3,562

3,252

FHLB advances

100,000

N/A

50,000

N/A

Loans and leases held for sale

4,958

15,126

18,101

2,076

2,392

Unused loan commitments

874,355

727,103

635,145

510,055

472,543

Tier one (core) capital

384,442

365,101

286,340

276,988

250,688

Tier 2 Risk-based capital

32,846

29,309

30,150

21,425

20,090

Total unused commitments

874,355

727,103

635,145

510,055

472,543

Derivatives

64,121

64,526

134,068

44,639

42,086