The Southern Bank Company
Gadsden, AL
IDRSSD: 117775
Total Assets
$128.24M
Latest filing
Total Deposits
$103.60M
Latest filing
Net Interest Margin
7.40%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The Southern Bank Company
221 S 6th St
Gadsden, AL 35901
Full Service - Brick and Mortar
Updated 11/14/2025Established 06/01/1936FDIC Certificate 42565
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The Southern Bank Company (Main) | 221 S 6th St | Gadsden, AL |
| EAST MAIN STREET BRANCH | 625 E Main St | Albertville, AL |
| 2204 HENRY STREET BRANCH | 2204 Henry St | Guntersville, AL |
| 390 WEST MAIN STREET BRANCH | 390 W Main St | Centre, AL |
Showing 3 of 3
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 | 06/01/1936 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 35901 |
| State and County Number | 01055 |
| 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 | Gadsden, AL |
Operational Info
| Number of Employees | 46 |
| Domestic Offices | 4 |
| 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 | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.sobanco.com |
| Data Updated | 11/14/2025 |
| CERT | 29731 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $128.24M |
| Total Deposits | $103.60M |
| Total Liabilities | $111.62M |
| Total Equity Capital | $16.63M |
| Net Income | $190.00k |
| Net Loans and Leases | $55.48M |
| Assets Per Employee ($Millions) | $2.91M |
| Bank Premises and Fixed Assets | $960.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $103.60M |
Key Performance Ratios
| Return on Assets (ROA) | 0.6% |
| Return on Equity (ROE) | 4.63% |
| Net Interest Margin | 7.4% |
| Efficiency Ratio | 86.14% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.24% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 12.964% |
| Earning Assets to total Assets | 96.45% |
Income and Expense
| Total Interest Income | $2.94M |
| Total Noninterest Income | $146.00k |
| Total Interest Expense | $686.00k |
| Total Noninterest Expense | $2.07M |
| Net Interest Income | $2.26M |
| Pre-tax Net Operating Income | $257.00k |
| Provision for Credit Losses | $76.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $135.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $8.02M |
| Total Liabilities and Capital | $128.24M |
Securities
| Securities | $43.34M |
| Available-for-sale debt securities | $43.34M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The Southern Bank Company?
$128.24M as of the latest filing.
How much are The Southern Bank Company's total deposits?
$103.60M in total deposits.
Where is The Southern Bank Company located?
Gadsden, AL.
What is the Net Interest Margin?
7.40%.
How many domestic offices does it operate?
4.
When was it established?
06/01/1936.
What is the Return on Assets (ROA)?
0.6%.
How much are total loans and leases?
$55.48M (latest filing).
What is the total interest income (latest filing)?
$2.94M.