Southern Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.1%, coupled with a return on assets of 0.1 has resulted in Very Weak (0.1) profitability.
Other Rating Factors:
A current level of 2.0 percent of nonperforming loans to core capital combined with 6.1 percent from a year earlier contributes to the Excellent asset quality (8.2). Good current capitalization (6.2 on a scale of 0 to 10) and a capital leverage ratio of 8.2.
Asset Mix:
Comm re (31%), securities (20%), home mtgs (15%), comm loans (6%), cash (6%), consumer loans (1%), other (20%)
States with Branches:
GA, SC
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Southern Financial Corporation
Investment Rating
Address
468 E Main St.
Spartanburg, SC 29302
Spartanburg, SC 29302
Phone Number
(706) 437-9977
Year Founded
1945
FDIC Number
Website
Largest Affiliates
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