Southern Bank
Headquartered in Spartanburg, SC. Part of Southern Financial Corporation. FDIC certificate #16288 · Federal Reserve RSSD 307334.
Total assets
$400M
Deposits
$347M
Q1 2026
Active branches
8
Closings since Jan 2020
2
5 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$89K
Return on assets
0.09%
Return on equity
1.14%
Noncurrent loan rate
0.12%
Deposits by year (Summary of Deposits)
02019
02020
02021
02022
02023
02024
02025
Values in $ billions, June 30 of each year.
Closings by year
12023
12026
Openings by year
12022
22023
12025
12026
Other network changes since 2020
- 1 branch relocations
Branches by state
Recent closings
- 468 E. MAIN ST. · closed April 14, 2026
- 229 E 6TH ST · closed December 31, 2023
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.thesouthern.bank.