# SOUTHERN BANK
SPARTANBURG, SC · FDIC certificate 16288 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $407.9M | |
| Deposits | $358.4M | |
| Loans and leases | $265.1M | |
| Total equity | $32.1M | |
| Loans / deposits | 73.21% (p31 of band) | 82.04% |
| Liquid assets / assets | 28.96% (p62 of band) | |
| Uninsured deposits / deposits | 17.80% (p22 of band) | 25.97% |
| Brokered deposits | 6.07% | |
| Wholesale funding | 9.74% (p76 of band) | |
| FHLB advances / assets | 3.68% | |
| Tier 1 leverage | 8.18% (p3 of band) | 10.81% |
| Unrealized securities loss / equity | -8.71% (p48 of band) | -8.10% |
| AOCI / equity | 1.60% (p97 of band) | |
| ROA (annualized) | 0.10% (p4 of band) | 1.28% |
| Net interest margin | 3.29% (p19 of band) | 3.91% |
| Efficiency ratio | 91.64% (p96 of band) | |
| Noncurrent loans | 0.28% (p40 of band) | 0.43% |
| Net charge-offs (annualized) | -0.02% (p5 of band) | |
| Reserve coverage of noncurrent | 371.04% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 122.73% (p93 of band) | |
| Auto loans | $425,000 (0.16% of loans; DQ 8.71%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 19.9% | |
| Employees | 71 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | noncurrent p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | deposits shrinking, assets shrinking |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 5 | losing money, uninsured deposits leaving |  |
| 2012-12 | 4 |  | losing money |
| 2013-03 | 3 | charge-offs p90 | assets shrinking, uninsured deposits leaving |
| 2013-06 | 2 |  | deposits shrinking |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | reserve under noncurrent |
| 2014-03 | 1 | capital falling | charge-offs p90 |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | charge-offs p90 |  |
| 2015-09 | 2 | uninsured deposits leaving |  |
| 2015-12 | 1 |  | charge-offs p90 |
| 2016-03 | 0 |  | uninsured deposits leaving |
| 2016-06 | 1 | reserve under noncurrent |  |
| 2016-09 | 2 | charge-offs p90 |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | capital falling | charge-offs p90 |
| 2017-06 | 3 | noncurrent p90 |  |
| 2017-09 | 2 |  | capital falling |
| 2017-12 | 2 | expense ratio p90 | noncurrent p90 |
| 2018-03 | 1 |  | expense ratio p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | charge-offs p90 |  |
| 2018-12 | 2 | deposits shrinking | charge-offs p90 |
| 2019-03 | 2 | charge-offs p90 | deposits shrinking |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | noncurrent p90, uninsured deposits leaving | charge-offs p90 |
| 2019-12 | 1 |  | noncurrent p90, uninsured deposits leaving |
| 2020-03 | 3 | capital falling, charge-offs p90 |  |
| 2020-06 | 2 |  | charge-offs p90 |
| 2020-09 | 3 | noncurrent p90 |  |
| 2020-12 | 5 | losing money, expense ratio p90 |  |
| 2021-03 | 1 | charge-offs p90 | reserve under noncurrent, capital falling, noncurrent p90, losing money, expense ratio p90 |
| 2021-06 | 0 |  | charge-offs p90 |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | capital falling |  |
| 2022-09 | 0 |  | capital falling |
| 2022-12 | 0 |  |  |
| 2023-03 | 3 | brokered >10%, capital falling, construction >100% equity |  |
| 2023-06 | 2 | charge-offs p90 | brokered >10%, construction >100% equity |
| 2023-09 | 3 | construction >100% equity |  |
| 2023-12 | 5 | brokered >10%, wholesale funding >15% |  |
| 2024-03 | 4 | expense ratio p90 | charge-offs p90, construction >100% equity |
| 2024-06 | 1 |  | capital falling, brokered >10%, wholesale funding >15% |
| 2024-09 | 1 |  |  |
| 2024-12 | 3 | capital falling, charge-offs p90 |  |
| 2025-03 | 1 |  | expense ratio p90, charge-offs p90 |
| 2025-06 | 3 | expense ratio p90, construction >100% equity |  |
| 2025-09 | 1 |  | capital falling, construction >100% equity |
| 2025-12 | 2 | construction >100% equity |  |
| 2026-03 | 3 | capital falling |  |
| 2026-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-09 [Southern Bank sale is approved - The True Citizen](https://news.google.com/rss/articles/CBMie0FVX3lxTFBGN0ZKQ3VYRHNVSDN4MW1fN2VnOE54bGI0LWw3Z1JwUUJuSTQ3RGFWWVc3M0JvbXU3Sk9YSDVCdS1pdi01MXp6ZFpYRTgzNUgwd3hRYnk0SUp1N1JKNnZtOVptSldQN1pmOXFmQ1Q0THlwTlJvLWZjb0xLcw?oc=5) · The True Citizen
- 2025-11-04 [Southern Financial Corporation and Southern Bank announce the proposed sale of Georgia branches to Palmetto Citizens FCU - CUInsight](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOVjVQVWt2SnFrczFUV0J6Y0J4czFjN2t6OXNzc0NrdWFBaUtZMHQtdWVLTGpsVHQ1em9Cdmd4Y3JMTlNOQmYycldYQzlUd3phQ19TRkJwdEJ5QkZlbmxkd0lHN082cy15RUgyOG80Z1BhUGZWOFlKdDhUM2poakNHaDlQczJJTG9DVzBhTXJqY1FKSTgxaXc1T3NvRVFYZ2Qya0dpWUxQc01pZndLanJ6MUFvLTduQ0tBaG5HZ3ZXZGQ1eTRzN09fbUJ3bTR1djR1c25qWTkzUENuSDRsUl9zUjNNenUwRFVGTVREYXRhTUVleEE?oc=5) · CUInsight
- 2025-11-03 [Palmetto Citizens FCU To Acquire Southern Bank's Georgia Branch Network - cutoday.info](https://news.google.com/rss/articles/CBMirAFBVV95cUxON0tmRVhMQTd0U3I0VFdLWGFlbndpc09Na01WeWJNdHRMYmNicFYyWktDeUtQNHRNQVh0UjF3ODZnR3h0YjF5TDU4aG9vejFoSXdiSmR5d08ySmFTaGdxaVBFdUFxY1h3MGN5TjRySVotZTV6WFh6TG9xZ2gxQXduM1ZRcjZkX2ZLbEJmeFFCSGtUaVF1WFJzRHRJbnMtYTJfSjVtbVROMzdLSDgz?oc=5) · cutoday.info
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-11-05 [Suspect arrested after heist at Southern Bank in Aiken - WRDW](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNUzA1Y09zUnNoNDZaak42dUlVdUtDVzhvTW5kM21DejFBQ0ZOZUVfR0p2dy1BSENHeHk4S05HYW5hSmpMVUF1Q3puaklXa25CTGs0cE9mTU5fUHFZbENFcXU2R0RIaVFwdFUtc214dkttVW1mc1pyZE9Qal9rY3MzZDVFTjl5NGE10gGcAUFVX3lxTFBQYWItMFU2czBUdy1Gd3FCZXU4RlQzTVRyMkdvUW44VlRyYjNpQXlaZ3pZUllWekNsV3BXeC1XWGZyaUpPN3hvV19TbnJCWGZEZTBsdGhNR2VuSFZTMDZaX0l6bDh0aEpVeVg1QnFUYS10TjRZU0ROTVhDbjVPOTVxdkMxT05ldEwwczBnMmhraWVJWDktU19fZk1Raw?oc=5) · WRDW
- 2025-11-06 [As work on new Columbia headquarters continues, SC bank expands out of state - Post and Courier](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQYWlGX1l1cWdpbnFmOWR4Mi1KVVVaMEFKcGlYNVVKbTJSaXQzU25halpOZWZ3Q2xzTWxFSDVRZ3N5N1hUdGNVUERFM3VJSW5Jd2NhQVBrX0ROM1d2ZjZLTG5MTFV1b2J3ZjQ5blowTkpDMzEyaXVIaE5WSWljdGRjTExjel92SzF4TGxNd1RlM3hRMHhKX2hfM1NfYklnYlE2YnZyaGtIM3hRMm8yaHdLYVRVSldlUEwteFZKZFNfR21BclpxQTI5VnBibTZITmZQdlZjb2N3?oc=5) · Post and Courier
- 2025-11-05 [Suspect in Aiken bank robbery caught minutes after heist - wach.com](https://news.google.com/rss/articles/CBMi7AFBVV95cUxOQVJBNGxFTGJDSHgtNTVxSlRDZzJkU01UNmlHa2lGcDI5SUtfUWg2aktGX3RySU55RHlkYlEwX29Fd19yclB6VzQ2ZFJQd1lONTVGNDhSRVB6SzBjZVVIMXE0bHpjc190Q2p1eFVzYnRTampGV1dvZU1HX0RNSU1BWkk0N2swSVp2UC1pNUlwZGp4dnByVi1MWlN2UjljRkxpUWdaN2Q2RVp1cm53T1FBVmhHaTE3ekxiT1lZbWlmcXY0NjZlQ3ZnUmxxX3BPMEpqWXpHVEdSa0Jyck1DWlRKZ0ZkeFI1aUYtS1lDSg?oc=5) · wach.com
- 2025-11-04 [Palmetto Citizens FCU to Buy Bank Branches in Georgia - CUTimes](https://news.google.com/rss/articles/CBMikwFBVV95cUxOUERBREV5MFRtc1RlbEdxbm9PM0NKaVZrZG5qeHVReDBXN1pyRXg0RWQtY0tEZnR2LW0zQjg1TmY4Y2xXdWJvSlRkX2dQZzJHZWZkZGtqc3VUZGs5TWlUSGhiZWpKUzFjdVN3cUJsMURrM19WMms1akhkUnp6bzFEWk9XaFlidTBmSlhEcEVaQkJiX2M?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16288 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/32.json (key "16288", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide