Headquartered in Spartanburg, South Carolina, Southern Bank is a state-chartered bank with $407.9M in total assets and $358.4M in deposits as of Q2 2026. It operates 4 offices. Its charter dates back to 1945.
Southern Bank has a TellerScore of 59 out of 100 (moderate) based on Q2 2026 data — higher than only 17% of its 2,650 banks with $100 million – $1 billion. Among 44 banks headquartered in South Carolina, it ranks 41st. Problem-loan coverage contributes the most (92/100, 3.8%); earnings contributes the least (24/100, 0.10%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (56 → 59), mostly because the loan quality component improved by 21 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 60 |
| Q3 2024 | 59 |
| Q4 2024 | 62 |
| Q1 2025 | 63 |
| Q2 2025 | 56 |
| Q3 2025 | 64 |
| Q4 2025 | 64 |
| Q1 2026 | 61 |
| Q2 2026 | 59 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.61% |
| Q3 2024 | 9.54% |
| Q4 2024 | 9.38% |
| Q1 2025 | 9.33% |
| Q2 2025 | 9.02% |
| Q3 2025 | 9.13% |
| Q4 2025 | 9.06% |
| Q1 2026 | 8.36% |
| Q2 2026 | 8.18% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.50% |
| Q3 2024 | 0.60% |
| Q4 2024 | 0.34% |
| Q1 2025 | 0.33% |
| Q2 2025 | 0.89% |
| Q3 2025 | 0.16% |
| Q4 2025 | 0.14% |
| Q1 2026 | 0.12% |
| Q2 2026 | 0.28% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.11% |
| Q3 2024 | 0.12% |
| Q4 2024 | 0.16% |
| Q1 2025 | 0.23% |
| Q2 2025 | 0.16% |
| Q3 2025 | 0.19% |
| Q4 2025 | 0.24% |
| Q1 2026 | 0.09% |
| Q2 2026 | 0.10% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 59 | $407.9M | 8.18% | 0.28% | 0.10% | 73.2% |
| Q1 2026 | 61 | $400.2M | 8.36% | 0.12% | 0.09% | 73.2% |
| Q4 2025 | 64 | $370.9M | 9.06% | 0.14% | 0.24% | 73.8% |
| Q3 2025 | 64 | $360.8M | 9.13% | 0.16% | 0.19% | 71.9% |
| Q2 2025 | 56 | $350.3M | 9.02% | 0.89% | 0.16% | 70.2% |
| Q1 2025 | 63 | $337.2M | 9.33% | 0.33% | 0.23% | 71.0% |
| Q4 2024 | 62 | $337.6M | 9.38% | 0.34% | 0.16% | 67.9% |
| Q3 2024 | 59 | $331.5M | 9.54% | 0.60% | 0.12% | 69.8% |
| Q2 2024 | 60 | $318.2M | 9.61% | 0.50% | 0.11% | 70.9% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in South Carolina
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Farmers and Merchants Bank of South CarolinaBank Holly Hill, SC | 88 out of 100, Very strong | $413.6M | 16.6% | 0.74% | vs |
| Bank of the LowcountryBank Walterboro, SC | 65 out of 100, Moderate | $430.2M | 9.3% | 0.15% | vs |
| The Bank of ClarendonBank Manning, SC | 84 out of 100, Strong | $438.3M | 11.7% | 0.01% | vs |
| The Peoples BankBank Iva, SC | 89 out of 100, Very strong | $446.7M | 12.9% | 0.00% | vs |
| Bank of YorkBank York, SC | 83 out of 100, Strong | $317.7M | 12.9% | 0.86% | vs |
| First National Bank of South CarolinaBank Holly Hill, SC | 82 out of 100, Strong | $309.7M | 12.4% | 0.43% | vs |
Deposit insurance
Is my money safe at Southern Bank?
Yes. Southern Bank is an FDIC-insured institution (FDIC certificate #16288). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 17.8% of deposits ($63.8M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.18%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Southern Bank lists 4 offices in 4 cities. Most locations:
- Aiken, SC (1)
- Greenville, SC (1)
- Myrtle Beach, SC (1)
- Spartanburg, SC (1)
HMDA 2025
Mortgage lending
In 2025, Southern Bank reported 31 home-loan applications under HMDA (LEI 549300MQKEHKJXUWM405): 21 originated ($10,465,000 total), 7 denied, and 3 withdrawn or closed by the applicant. Its denial rate on decided applications was 25.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Southern Bank
- Former names
- Bank of Burke County; Bank of Sardis
- Type
- State-chartered bank
- FDIC certificate #
- 16288
- RSSD ID
- 307334
- Primary regulator
- FDIC
- Holding company
- Southern Financial Corp
- Established
- July 2, 1945
- Headquarters
- 468 E Main St, Spartanburg, SC 29302
- Website
- www.thesouthern.bank
- Employees
- 71
Quick answers
Southern Bank: common questions
Is Southern Bank FDIC insured?
Yes. Southern Bank is an FDIC-insured institution (FDIC certificate #16288). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Southern Bank's TellerScore?
59 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Southern Bank ever failed?
There is no failure record for FDIC certificate #16288 in the FDIC failed bank list.
How many branches does Southern Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Spartanburg
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| S. C. State Federal Credit UnionCredit union Columbia, SC | 91 out of 100, Very strong | $1.5B | 15.6% | 0.82% | vs |
| First Piedmont Federal Savings and Loan Association of GaffneyBank Gaffney, SC | 84 out of 100, Strong | $597.1M | 29.1% | 0.73% | vs |
| CBL State Savings BankBank Greer, SC | 80 out of 100, Strong | $191.3M | 15.9% | 0.01% | vs |
| Greenville Heritage Federal Credit UnionCredit union Greenville, SC | 80 out of 100, Strong | $181.2M | 12.5% | 0.34% | vs |
| Founders Federal Credit UnionCredit union Lancaster, SC | 79 out of 100, Strong | $5.2B | 13.6% | 0.68% | vs |
| Bank of Travelers RestBank Travelers Rest, SC | 79 out of 100, Strong | $1.6B | 10.3% | 0.12% | vs |