|
 |
|
|
 Southern Independent Bank
Southern Independent Bank
| RSSD ID 3531176 | CERTIFICATE 58357 | ABA NUMBER 62106573 |
| 503 N Main St |
Quarter Ended : |
2025-03-31 |
| Opp, Alabama, 36467 |
Updated : |
2025-04-22 |
| www.southernindependentbank.com |
|
| Institution Profile |
| Year Opened : |
2006 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
|
| Specialization : |
All Other Under 1 Billion |
| Number of Offices : |
3 |
Number of Employees : |
46 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 376,112 |
|
Total Interest Income | 4,565 |
| Total Liabilities | 335,810 |
|
Total NonInterest Income | 317 |
| Total Bank Equity Capital | 40,302 |
|
Total Interest Expense | 1,972 |
| Total Deposits | 322,417 |
|
Total NonInterest Expense | 1,674 |
| Net Loans & Leases | 166,334 |
|
Net Income | 878 |
| Loan Loss Allowance | 1,845 |
|
Net Charge Offs | 4 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
|
Total loans | 173,140 |
| Total assets for the leverage ratio | 371,789 |
|
Loans secured by real estate: | 129,105 |
| Tier 1 Leverage Ratio | 14.03 |
|
Commercial and industrial loans | 32,875 |
| Off Balance Sheet Exposures (%) | 12.22 |
|
Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
|
Loans to individuals - Other | 6,678 |
|
|
|
|
:· Southern Independent Bank
