Southern Independent Bank
Opp, AL
IDRSSD: 3531176
Total Assets
$395.63M
Latest filing
Total Deposits
$337.76M
Latest filing
Net Interest Margin
3.33%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Southern Independent Bank
503 N Main St
Opp, AL 36467
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/04/2006FDIC Certificate 447334
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Southern Independent Bank (Main) | 503 N Main St | Opp, AL |
| 1417 MLK JR EXPRESSWAY BRANCH | 1417 Mlk Jr Expressway | Andalusia, AL |
| FLORALA BRANCH | 22799 Lakeshore Boulevard | Florala, AL |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 12/04/2006 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 36467 |
| State and County Number | 01039 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 44 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 12/04/2006 |
| Primary Insurance Agency | DIF |
| Website | http://www.southernindependentbank.com |
| Data Updated | 01/30/2026 |
| CERT | 58357 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $395.63M |
| Total Deposits | $337.76M |
| Total Liabilities | $351.80M |
| Total Equity Capital | $43.83M |
| Net Income | $761.00k |
| Net Loans and Leases | $173.93M |
| Assets Per Employee ($Millions) | $8.6M |
| Bank Premises and Fixed Assets | $7.07M |
| Cash and Balances due from Depository Institutions | $22.15M |
| Deposits Held in Domestic Offices | $337.76M |
Key Performance Ratios
| Return on Assets (ROA) | 0.78% |
| Return on Equity (ROE) | 7.06% |
| Net Interest Margin | 3.33% |
| Efficiency Ratio | 74.11% |
| Tier 1 Risk-Based Capital Ratio | 21.378% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.05% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.078% |
| Earning Assets to total Assets | 91.76% |
Income and Expense
| Total Interest Income | $5.06M |
| Total Noninterest Income | $332.00k |
| Total Interest Expense | $2.06M |
| Total Noninterest Expense | $2.47M |
| Net Interest Income | $3.00M |
| Pre-tax Net Operating Income | $818.00k |
| Provision for Credit Losses | $45.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $9.02M |
| Federal Funds Sold & Reverse Repurchase Agreement | $22.13M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $5.01M |
| Total Liabilities and Capital | $395.63M |
Securities
| Securities | $155.85M |
| Available-for-sale debt securities | $151.43M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $4.44M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Southern Independent Bank?
$395.63M as of the latest filing.
How much are Southern Independent Bank's total deposits?
$337.76M in total deposits.
Where is Southern Independent Bank located?
Opp, AL.
What is the Net Interest Margin?
3.33%.
How many domestic offices does it operate?
3.
When was it established?
12/04/2006.
What is the Return on Assets (ROA)?
0.78%.
How much are total loans and leases?
$173.93M (latest filing).
What is the total interest income (latest filing)?
$5.06M.