Southern Independent Bank: how it compares with its peers
Against 41 AL banks with half to twice its assets, Southern Independent Bank's strongest measure in Q2 2026 is assets per employee ($8.1M vs. a $6.4M peer median). Its weakest relative measure is net interest margin (3.29% vs. 4.14%).
| Measure | Southern Independent Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.11% | 1.12% | Middle third Ahead of 49% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.29% | 4.14% | Bottom third Ahead of 15% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.35% | 63.69% | Top third Ahead of 68% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.1M | $6.4M | Top third Ahead of 78% of peers |
| Loans to deposits Net loans and leases over total deposits. | 53.10% | 72.48% | Context |
What it means for lending operations
Its efficiency ratio of 58.35% is better than the 63.69% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- The Exchange Bank of Alabama Altoona, AL · $393M
- First Citizens Bank Luverne, AL · $403M
- Pinnacle Bank Jasper, AL · $385M
- State Bank & Trust Winfield, AL · $413M
- First National Bank Hamilton, AL · $373M
- Premier Bank of the South Cullman, AL · $371M
Questions about Southern Independent Bank
How big is Southern Independent Bank?
Southern Independent Bank, established in 2006, is headquartered in Opp, AL. It reported $395M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Southern Independent Bank's return on assets?
1.11% annualized in Q2 2026, against a 1.12% median for 41 AL banks with half to twice its assets, ahead of 49% of them.
What is Southern Independent Bank's efficiency ratio?
58.35% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 63.69%, and lower is better.
Is Southern Independent Bank growing its loans?
Net loans grew 5.4% over the year to Q2 2026, while deposits grew 3.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are AL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Alabama bank ranked.