Vitals
  • Total Assets
    2.5B 16.4 %
  • Total Deposits
    2.1B 17.5 %
  • Total Net Loans
    1.5B 29.3 %
  • Net Income
    13.5M 71.5 %
  • Book Value
    242.8M 15.6 %
  • Book Value x2
    485.6M 15.6 %
  • Book Value x3
    728.4M 15.6 %
ROAA

.561

ROAE

5.709

Efficiency Ratio

73.903

Net Interest Margin

3.882

Balance Sheet Highlights
Financial Highlights Southern Bank And Trust Company All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 2,459,720 1,412,230
Total Net Loans 1,495,987 1,020,122
Total Deposits 2,124,993 1,134,979
Total Equity 242,791 173,608
Profitability
Net Income 13,526 10,887
Return on Average Assets .561 .777
Return on Average Equity 5.709 6.782
Net Interest Margin 3.882 3.73
Efficiency Ratio 73.903 75.532
Noninterest Income/Revenue 12.434 18.66
Balance Sheet Ratios
Loan-to-Deposit 70.4 86.082
Securities/Assets .291 .132
Total Equity/Total Assets .099 .123
Tangible Equity/Tangible Assets .085 .104
Capital Adequacy
Tier 1 Common Capital 215,632 139,754
Tier 1 Capital 215,632 140,214
Tier 2 Capital 25,285 8,389
Total Capital 240,917 148,590
Total Risk Weighted Assets 1,771,340 1,125,721
Leverage Ratio 8.82 10.209
Common Equity Tier 1 Capital Ratio 12.17 13.055
Tier 1 Capital Ratio 12.17 13.195
Total Capital Ratio 13.6 14.232

Timeline for Southern Bank And Trust Company

Heritage Bank

Acquisition: Southern Bank And Trust Company acquired a new subsidiary, Heritage Bank, 8 years

View Profile Feb 01 2016

Sentinel Financial Group, Inc.

Sentinel Financial Group, Inc. became a new subsidiary organization for Southern Bank And Trust Company.

View Profile Feb 01 2016

The Heritage Bank

Acquisition: Southern Bank And Trust Company acquired a new subsidiary, The Heritage Bank, 10 years

View Profile Jul 01 2013

Moyock One Llc

Moyock One Llc became a new subsidiary organization for Southern Bank And Trust Company.

View Profile Sep 29 2011

Bank Of The Commonwealth

Acquisition: Southern Bank And Trust Company acquired a new subsidiary, Bank Of The Commonwealth, 12 years

View Profile Sep 24 2011

Want to see more?

Complete timeline for Southern Bank And Trust Company is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Heritage Bank Seller 313,027 Acquisition Discontinued 2/1/2016
The Heritage Bank Seller 266,471 Acquisition Discontinued 7/1/2013
Bank Of The Commonwealth Seller 985,096 Failure 9/24/2011
Enfield Savings Bank, Inc., Ssb Seller 23,124 Acquisition Discontinued 5/16/1998
Esb Bancorp, Inc. Seller Acquisition Discontinued 5/16/1998
First American Federal Savings Bank Seller 337,628 Failure 10/9/1993
Citizens Savings Bank, Inc. Seller 83,175 Discontinued 7/10/1993
Tarheel Bank & Trust Co. Seller 55,877 Discontinued 12/30/1986
Merchants & Farmers Bank Seller 3,070 Discontinued 10/1/1973
Roanoke Chowan Bank Seller Discontinued 12/23/1969
Relationships Role Relationship Start Relationship End
Southern Bancshares (N.C.), Inc. Parent 12/31/1982
Wake Insurance Agency, Inc. Parent 12/31/1970 7/7/1972
Wake Insurance Agency, Inc. Parent 11/18/1965 12/30/1970
Goshen, Inc. Subsidary 6/30/2007
Sentinel Financial Group, Inc. Subsidary 2/1/2016
Commonwealth Property Associates, Llc Subsidary 9/24/2011 8/28/2013
Moyock One Llc Subsidary 9/29/2011 4/4/2013
Boc Title Of Hampton Roads, Inc. Subsidary 9/24/2011 8/21/2012
Community Home Mortgage Of Va, Inc. Subsidary 9/24/2011 4/30/2012
Commonwealth Financial Advisors, Llc Subsidary 9/24/2011 4/30/2012
Boc Insurance Agencies Of Hampton Roads, Inc. Subsidary 9/24/2011 3/12/2012
Bankers Insurance Llc Subsidary 9/23/2011 1/31/2012
Goshen, Inc. Subsidary 1/1/1984 6/29/2007
Goshen Properties, Inc. Subsidary 7/25/1994 4/17/1997
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