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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 | 5.3011% | 5,416 |
| Cost of funding earning assets | 1.0481% | 7,289 |
| Net interest margin | 4.2530% | 1,862 |
| Noninterest income to average assets | 1.4903% | 667 |
| Noninterest expense to average assets | 3.3615% | 2,688 |
| Loan and lease loss provision to assets | 0.7536% | 2,485 |
| Net operating income to assets | 0.7771% | 2,904 |
| Return on assets (ROA) | 0.8230% | 2,773 |
| Pretax return on assets | 1.0781% | 2,645 |
| Return on Equity (ROE) | 6.8033% | 3,163 |
| Retained earnings to average equity (ytd only) | 3.7987% | 3,166 |
| Net charge-offs to loans | 0.2768% | 4,311 |
| Credit loss provision to net charge-offs | 464.4000% | 841 |
| Earnings coverage of net charge-offs (x) | 10.9158% | 1,902 |
| Efficiency ratio | 65.4906% | 5,459 |
| Assets per employee ($millions) | 3.0996% | 5,909 |
| Cash dividends to net income (ytd only)* | 44.1643% | 2,264 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.5998% | 2,989 |
| Loan loss allowance to noncurrent loans | 34.4659% | 6,133 |
| Noncurrent assets plus other real estate owned to assets | 3.1230% | 2,193 |
| Noncurrent loans to loans | 4.6416% | 1,486 |
| Net loans and leases to total assets | 59.8159% | 5,611 |
| Net loans and leases to deposits | 77.5985% | 4,801 |
| Net loans and leases to core deposits | 98.8303% | 4,508 |
| Total domestic deposits to total assets | 77.0839% | 6,318 |
| Equity capital to assets | 11.7429% | 2,401 |
| Core capital (leverage) ratio | 9.6391% | 3,728 |
| Tier 1 risk-based capital ratio | 13.5166% | 3,839 |
| Total risk-based capital ratio | 14.7693% | 3,771 |
| Memoranda: | ||
| Average total assets | $205,418,500 | 3,141 |
| Average earning assets | $175,932,250 | 3,295 |
| Average equity | $24,850,000 | 2,648 |
| Average total loans | $120,402,250 | 3,504 |
| 2009-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.3217% | 5,545 |
| Cost of funding earning assets | 1.0836% | 7,407 |
| Net interest margin | 4.2381% | 1,853 |
| Noninterest income to average assets | 1.0657% | 1,401 |
| Noninterest expense to average assets | 3.4212% | 2,565 |
| Loan and lease loss provision to assets | 0.3334% | 3,938 |
| Net operating income to assets | 0.7307% | 3,135 |
| Return on assets (ROA) | 0.8027% | 2,939 |
| Pretax return on assets | 1.0319% | 2,879 |
| Return on Equity (ROE) | 6.5665% | 3,405 |
| Retained earnings to average equity (ytd only) | 2.0211% | 4,218 |
| Net charge-offs to loans | 0.4100% | 3,153 |
| Credit loss provision to net charge-offs | 140.5858% | 3,319 |
| Earnings coverage of net charge-offs (x) | 5.3682% | 2,849 |
| Efficiency ratio | 72.8810% | 4,234 |
| Assets per employee ($millions) | 2.9181% | 6,334 |
| Cash dividends to net income (ytd only)* | 69.2213% | 1,391 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 0.9988% | 6,258 |
| Loan loss allowance to noncurrent loans | 23.4062% | 6,944 |
| Noncurrent assets plus other real estate owned to assets | 2.8898% | 2,215 |
| Noncurrent loans to loans | 4.2674% | 1,544 |
| Net loans and leases to total assets | 62.8847% | 5,201 |
| Net loans and leases to deposits | 80.0706% | 4,536 |
| Net loans and leases to core deposits | 100.0218% | 4,510 |
| Total domestic deposits to total assets | 78.5366% | 5,945 |
| Equity capital to assets | 12.1203% | 2,139 |
| Core capital (leverage) ratio | 9.5841% | 3,775 |
| Tier 1 risk-based capital ratio | 13.4019% | 3,864 |
| Total risk-based capital ratio | 14.3370% | 3,996 |
| Memoranda: | ||
| Average total assets | $201,566,670 | 3,203 |
| Average earning assets | $172,577,670 | 3,358 |
| Average equity | $24,640,330 | 2,675 |
| Average total loans | $116,571,330 | 3,612 |
| 2009-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.2451% | 6,134 |
| Cost of funding earning assets | 1.1487% | 7,421 |
| Net interest margin | 4.0964% | 2,288 |
| Noninterest income to average assets | 1.0768% | 1,289 |
| Noninterest expense to average assets | 3.3444% | 2,519 |
| Loan and lease loss provision to assets | 0.2997% | 3,550 |
| Net operating income to assets | 0.7408% | 3,386 |
| Return on assets (ROA) | 0.7552% | 3,504 |
| Pretax return on assets | 0.9490% | 3,538 |
| Return on Equity (ROE) | 6.1510% | 3,978 |
| Retained earnings to average equity (ytd only) | 6.1510% | 2,563 |
| Net charge-offs to loans | 0.4983% | 2,215 |
| Credit loss provision to net charge-offs | 109.4891% | 3,517 |
| Earnings coverage of net charge-offs (x) | 4.4964% | 2,872 |
| Efficiency ratio | 73.1004% | 3,990 |
| Assets per employee ($millions) | 2.7075% | 6,872 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,832 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.0739% | 5,661 |
| Loan loss allowance to noncurrent loans | 26.7964% | 6,781 |
| Noncurrent assets plus other real estate owned to assets | 2.5079% | 2,291 |
| Noncurrent loans to loans | 4.0075% | 1,501 |
| Net loans and leases to total assets | 57.2737% | 6,059 |
| Net loans and leases to deposits | 69.1387% | 6,062 |
| Net loans and leases to core deposits | 84.8185% | 5,993 |
| Total domestic deposits to total assets | 82.8389% | 4,224 |
| Equity capital to assets | 12.7977% | 1,835 |
| Core capital (leverage) ratio | 9.6664% | 3,797 |
| Tier 1 risk-based capital ratio | 14.3621% | 3,388 |
| Total risk-based capital ratio | 15.2928% | 3,487 |
| Memoranda: | ||
| Average total assets | $200,215,500 | 3,243 |
| Average earning assets | $170,978,000 | 3,407 |
| Average equity | $24,581,500 | 2,699 |
| Average total loans | $109,982,000 | 3,788 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.0593% | 5,251 |
| Cost of funding earning assets | 1.7158% | 7,224 |
| Net interest margin | 4.3435% | 1,842 |
| Noninterest income to average assets | 1.1140% | 1,258 |
| Noninterest expense to average assets | 3.2336% | 3,215 |
| Loan and lease loss provision to assets | 0.3590% | 3,531 |
| Net operating income to assets | 0.9453% | 2,809 |
| Return on assets (ROA) | 0.9445% | 2,668 |
| Pretax return on assets | 1.2506% | 2,480 |
| Return on Equity (ROE) | 7.7814% | 3,161 |
| Retained earnings to average equity (ytd only) | -1.0628% | 5,618 |
| Net charge-offs to loans | 1.6303% | 691 |
| Credit loss provision to net charge-offs | 41.8903% | 6,436 |
| Earnings coverage of net charge-offs (x) | 1.8792% | 5,127 |
| Efficiency ratio | 66.7527% | 4,958 |
| Assets per employee ($millions) | 2.8540% | 6,436 |
| Cash dividends to net income (ytd only)* | 113.6580% | 754 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.1195% | 5,139 |
| Loan loss allowance to noncurrent loans | 25.2687% | 6,998 |
| Noncurrent assets plus other real estate owned to assets | 2.3091% | 2,110 |
| Noncurrent loans to loans | 4.4304% | 1,077 |
| Net loans and leases to total assets | 51.5368% | 6,891 |
| Net loans and leases to deposits | 62.7945% | 6,887 |
| Net loans and leases to core deposits | 72.8747% | 7,027 |
| Total domestic deposits to total assets | 82.0721% | 4,171 |
| Equity capital to assets | 11.7840% | 2,445 |
| Core capital (leverage) ratio | 9.4347% | 4,111 |
| Tier 1 risk-based capital ratio | 14.3943% | 3,342 |
| Total risk-based capital ratio | 15.3362% | 3,419 |
| Memoranda: | ||
| Average total assets | $199,991,800 | 3,142 |
| Average earning assets | $171,752,600 | 3,311 |
| Average equity | $24,275,800 | 2,710 |
| Average total loans | $105,132,800 | 3,818 |