Southern Bank & Trust Co.
Mount Olive, North Carolina · $5.30B in assets · beside the 11 other the Southeast banks between $3B and $10B (the state alone holds too few in the band to rank)
The filing
Southern Bank & Trust Co. is the fourth largest of the 12 the Southeast banks nearest its size between $3B and $10B, with $5.30B in assets at 30 June 2026. Loans are 74.7% of deposits, 4th of 12 against a median of 90.1%, and equity is 8.2% of assets, the lowest in the cohort. Loans grew +8.4% in the year, 4th of 12, and deposits grew 7.8%; the cohort's median loan growth is +6.7%.
Noncurrent loans are 0.12% of the book, the lowest in the cohort against a median of 0.47%; 0.18% is 30 to 89 days past due, and the allowance covers them 8.7 times. Commercial real estate is 24.9% of loans, 6th of 12 against a median of 26.0%, and 158% of capital, below the 300% screen, with construction at 35% against the 100% screen.
Return on assets is 1.34%, 7th of 12 against a median of 1.40%, on an efficiency ratio of 52.6%, 4th of 12. Five years ago it was 1.57%. The question is which of these lines moves first over the next four quarters, and against which peer.
SBA 7(a), FY2008 to FY2026
Southern Bank & Trust Co. is the 47th largest 7(a) lender into North Carolina of 326, with $53M across 327 loans, 0.5% of everything approved in the state (Live Oak Banking Company leads with $1.40B). 32 of its 44 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Virginia Beach City, VA | $7M | 15th of 106 | 2.0% | quiet FY2022 |
| New Hanover, NC | $6M | 20th of 96 | 1.4% | +1.3 pts |
| Dare, NC | $5M | 4th of 36 | 6.9% | quiet FY2021 |
| Nash, NC | $5M | 8th of 44 | 4.7% | thin |
| Chowan, NC | $5M | 1st of 10 | 49.2% | quiet FY2020 |
| Pitt, NC | $4M | 14th of 61 | 2.5% | -2.8 pts |
| Beaufort, NC | $3M | 7th of 32 | 5.8% | quiet FY2020 |
| Hertford, NC | $3M | 1st of 7 | 33.8% | quiet FY2017 |
| Sampson, NC | $3M | 6th of 21 | 4.0% | quiet FY2020 |
| Wake, NC | $2M | 85th of 181 | 0.1% | -0.2 pts |
| Chesapeake City, VA | $2M | 21st of 76 | 1.1% | thin |
| Bertie, NC | $2M | 2nd of 8 | 18.0% | quiet FY2020 |
| Pasquotank, NC | $2M | 6th of 32 | 5.6% | quiet FY2019 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Retail trade | 63 | $10M | 15.4% | 0.02% | 483rd of 2,589 |
| Health care & social assistance | 45 | $10M | 15.1% | 0.02% | 385th of 2,172 |
| Accommodation & food services | 45 | $7M | 11.4% | 0.01% | 669th of 2,596 |
| Other services | 39 | $6M | 9.6% | 0.02% | 466th of 2,248 |
| Agriculture, forestry & fishing | 22 | $6M | 8.9% | 0.07% | 140th of 1,007 |
Commercial real estate against capital
| Southern Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 158% | 6th of 12 | 173% |
| Construction against capital, the 100% screen | 35% | 6th of 12 | 35% |
| Construction and land development, share of loans | 5.5% | 6th of 12 | 5.5% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 16.1% | 6th of 12 | 16.7% |
| Total CRE, the guidance definition, share of loans | 24.9% | 6th of 12 | 26.0% |
| CRE growth over 36 months, the third prong | -2.0% | 5th of 12 | +4.5% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $6.10B | 1.0% | 59.3% | 0.15% | 0.00% | 1.0% | 91.3% | 9.9% | |
| $5.98B | 1.5% | 53.9% | 0.49% | 0.10% | 0.9% | 76.7% | 10.5% | |
| $5.68B | 0.6% | 79.9% | 4.77% | 0.68% | 2.0% | 95.1% | 21.4% | |
| $5.30B | 1.3% | 52.6% | 0.12% | 0.00% | 1.0% | 74.7% | 8.2% | |
| $4.80B | 3.6% | 38.6% | 1.01% | -0.83% | 1.5% | 89.0% | 11.3% | |
| $4.70B | 0.9% | 57.4% | 0.28% | 0.01% | 1.1% | 100.9% | 8.7% | |
| $4.66B | 1.7% | 51.5% | 0.42% | 0.06% | 1.3% | 70.1% | 10.0% | |
| $4.49B | 1.2% | 66.7% | 2.96% | 0.11% | 0.8% | 41.7% | 10.4% | |
| $4.47B | 2.0% | 41.0% | 0.44% | 0.01% | 0.7% | 112.3% | 11.5% | |
| $4.45B | 1.5% | 64.8% | 0.40% | 0.12% | 1.2% | 66.4% | 11.9% | |
| $4.44B | 1.6% | 60.0% | 1.40% | 0.20% | 1.1% | 103.6% | 13.2% | |
| $4.34B | 1.0% | 68.0% | 1.83% | 0.37% | 1.2% | 107.0% | 11.0% |
| Southern Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $2.36B | $3.60B | +53% | $2.19B | $3.74B | +71% |
| Deposits | $3.69B | $4.83B | +31% | $2.88B | $4.09B | +42% |
| NPA / loans | 0.41% | 0.12% | -0.29 pts | 0.41% | 0.47% | +0.06 pts |
| Efficiency | 59.4% | 52.6% | -6.8 pts | 68.0% | 58.3% | -9.7 pts |
| ROA | 1.57% | 1.34% | -0.23 pts | 1.23% | 1.40% | +0.17 pts |
This read was prepared for Southern Bank & Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Southern Bank & Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort Southeast banks $3B to $10B
Institution www.southernbank.com
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