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Southern Bancorp Bank, Performance and Condition Ratios
| 2009-09-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.7277% | 3,204 |
| Cost of funding earning assets | 1.5694% | 5,545 |
| Net interest margin | 4.1583% | 2,185 |
| Noninterest income to average assets | 0.8956% | 1,996 |
| Noninterest expense to average assets | 3.5468% | 2,154 |
| Loan and lease loss provision to assets | 0.1606% | 5,743 |
| Net operating income to assets | 0.5343% | 3,852 |
| Return on assets (ROA) | 0.5752% | 3,775 |
| Pretax return on assets | 0.7532% | 3,692 |
| Return on Equity (ROE) | 4.7003% | 4,078 |
| Retained earnings to average equity (ytd only) | 3.0839% | 3,599 |
| Net charge-offs to loans | 0.4679% | 3,348 |
| Credit loss provision to net charge-offs | 52.7273% | 6,273 |
| Earnings coverage of net charge-offs (x) | 2.8234% | 3,807 |
| Efficiency ratio | 80.4847% | 2,778 |
| Assets per employee ($millions) | 2.7810% | 6,677 |
| Cash dividends to net income (ytd only)* | 34.3884% | 2,688 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.6485% | 7,489 |
| Loan loss allowance to noncurrent loans | 69.7053% | 3,833 |
| Noncurrent assets plus other real estate owned to assets | 0.8841% | 5,311 |
| Noncurrent loans to loans | 0.9303% | 5,433 |
| Net loans and leases to total assets | 66.1983% | 4,384 |
| Net loans and leases to deposits | 90.5035% | 2,479 |
| Net loans and leases to core deposits | 134.2120% | 1,195 |
| Total domestic deposits to total assets | 73.1444% | 7,068 |
| Equity capital to assets | 12.1036% | 2,185 |
| Core capital (leverage) ratio | 9.9416% | 3,355 |
| Tier 1 risk-based capital ratio | 12.3952% | 4,636 |
| Total risk-based capital ratio | 12.9819% | 5,159 |
| Memoranda: | ||
| Average total assets | $168,522,250 | 3,653 |
| Average earning assets | $142,298,750 | 3,883 |
| Average equity | $20,622,500 | 3,155 |
| Average total loans | $109,701,750 | 3,736 |
| 2009-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.6963% | 3,557 |
| Cost of funding earning assets | 1.6704% | 5,420 |
| Net interest margin | 4.0259% | 2,597 |
| Noninterest income to average assets | 0.8587% | 2,148 |
| Noninterest expense to average assets | 3.6417% | 1,968 |
| Loan and lease loss provision to assets | 0.1431% | 5,639 |
| Net operating income to assets | 0.3820% | 4,578 |
| Return on assets (ROA) | 0.4474% | 4,405 |
| Pretax return on assets | 0.5617% | 4,437 |
| Return on Equity (ROE) | 3.6421% | 4,650 |
| Retained earnings to average equity (ytd only) | 1.1944% | 4,679 |
| Net charge-offs to loans | 0.5961% | 2,552 |
| Credit loss provision to net charge-offs | 37.1875% | 5,940 |
| Earnings coverage of net charge-offs (x) | 1.6188% | 4,328 |
| Efficiency ratio | 85.3920% | 2,304 |
| Assets per employee ($millions) | 2.7342% | 6,768 |
| Cash dividends to net income (ytd only)* | 67.2043% | 1,453 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.6397% | 7,564 |
| Loan loss allowance to noncurrent loans | 65.0220% | 4,177 |
| Noncurrent assets plus other real estate owned to assets | 0.9792% | 5,012 |
| Noncurrent loans to loans | 0.9839% | 5,237 |
| Net loans and leases to total assets | 67.6160% | 4,230 |
| Net loans and leases to deposits | 91.1543% | 2,621 |
| Net loans and leases to core deposits | 129.9908% | 1,561 |
| Total domestic deposits to total assets | 74.1775% | 6,929 |
| Equity capital to assets | 12.1798% | 2,108 |
| Core capital (leverage) ratio | 9.8645% | 3,435 |
| Tier 1 risk-based capital ratio | 12.4025% | 4,595 |
| Total risk-based capital ratio | 12.9879% | 5,081 |
| Memoranda: | ||
| Average total assets | $166,295,000 | 3,700 |
| Average earning assets | $140,688,330 | 3,933 |
| Average equity | $20,428,000 | 3,182 |
| Average total loans | $107,356,000 | 3,824 |
| 2009-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.7246% | 3,675 |
| Cost of funding earning assets | 1.7920% | 5,150 |
| Net interest margin | 3.9326% | 2,917 |
| Noninterest income to average assets | 0.8283% | 2,185 |
| Noninterest expense to average assets | 3.6482% | 1,756 |
| Loan and lease loss provision to assets | 0.1457% | 5,079 |
| Net operating income to assets | 0.3133% | 5,249 |
| Return on assets (ROA) | 0.3133% | 5,421 |
| Pretax return on assets | 0.3498% | 5,533 |
| Return on Equity (ROE) | 2.5396% | 5,558 |
| Retained earnings to average equity (ytd only) | -2.3821% | 6,171 |
| Net charge-offs to loans | 0.5805% | 2,014 |
| Credit loss provision to net charge-offs | 40.0000% | 4,820 |
| Earnings coverage of net charge-offs (x) | 1.3600% | 4,054 |
| Efficiency ratio | 88.0422% | 1,896 |
| Assets per employee ($millions) | 2.5946% | 7,107 |
| Cash dividends to net income (ytd only)* | 193.7984% | 311 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.8188% | 7,086 |
| Loan loss allowance to noncurrent loans | 56.7893% | 4,796 |
| Noncurrent assets plus other real estate owned to assets | 1.2122% | 4,252 |
| Noncurrent loans to loans | 1.4417% | 4,136 |
| Net loans and leases to total assets | 63.9321% | 5,002 |
| Net loans and leases to deposits | 76.9147% | 5,099 |
| Net loans and leases to core deposits | 105.4291% | 3,980 |
| Total domestic deposits to total assets | 83.1207% | 4,081 |
| Equity capital to assets | 12.7118% | 1,879 |
| Core capital (leverage) ratio | 9.5902% | 3,876 |
| Tier 1 risk-based capital ratio | 13.2005% | 4,053 |
| Total risk-based capital ratio | 13.9285% | 4,332 |
| Memoranda: | ||
| Average total assets | $164,683,000 | 3,748 |
| Average earning assets | $138,838,500 | 3,977 |
| Average equity | $20,318,500 | 3,216 |
| Average total loans | $103,354,000 | 3,952 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.3970% | 3,434 |
| Cost of funding earning assets | 2.4940% | 4,241 |
| Net interest margin | 3.9030% | 3,546 |
| Noninterest income to average assets | 0.9433% | 1,800 |
| Noninterest expense to average assets | 3.3777% | 2,743 |
| Loan and lease loss provision to assets | 0.1830% | 5,066 |
| Net operating income to assets | 0.5255% | 4,629 |
| Return on assets (ROA) | 0.5300% | 4,473 |
| Pretax return on assets | 0.6987% | 4,402 |
| Return on Equity (ROE) | 4.3129% | 4,677 |
| Retained earnings to average equity (ytd only) | -13.0351% | 7,333 |
| Net charge-offs to loans | 0.2903% | 3,466 |
| Credit loss provision to net charge-offs | 114.0221% | 4,734 |
| Earnings coverage of net charge-offs (x) | 5.4576% | 3,639 |
| Efficiency ratio | 79.4097% | 2,682 |
| Assets per employee ($millions) | 2.8083% | 6,537 |
| Cash dividends to net income (ytd only)* | 402.2346% | 134 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.9115% | 6,612 |
| Loan loss allowance to noncurrent loans | 94.8485% | 3,614 |
| Noncurrent assets plus other real estate owned to assets | 0.8042% | 4,840 |
| Noncurrent loans to loans | 0.9610% | 4,680 |
| Net loans and leases to total assets | 60.5786% | 5,827 |
| Net loans and leases to deposits | 85.5451% | 4,177 |
| Net loans and leases to core deposits | 113.6085% | 3,383 |
| Total domestic deposits to total assets | 70.8148% | 7,188 |
| Equity capital to assets | 11.9810% | 2,302 |
| Core capital (leverage) ratio | 9.4245% | 4,122 |
| Tier 1 risk-based capital ratio | 13.1895% | 3,997 |
| Total risk-based capital ratio | 13.9877% | 4,183 |
| Memoranda: | ||
| Average total assets | $168,874,800 | 3,573 |
| Average earning assets | $143,223,400 | 3,780 |
| Average equity | $20,751,600 | 3,128 |
| Average total loans | $93,360,800 | 4,122 |