Southern Banc Co Stock Price, News & Analysis

The Southern Banc Company, Inc. (OTCBB: SRNN) is a financial holding company for The Southern Bank Company, a savings institution operating in the finance and insurance sector. According to company disclosures, the Bank traces its origins to First Federal Savings and Loan Association of Gadsden, Alabama, and has since transitioned to its current name. The company’s common stock trades in the over-the-counter market under the symbol SRNN.

The Southern Bank Company focuses on traditional banking activities reflected in its financial statements, including interest and fees on loans, interest and dividends on securities, and other interest income. On the funding side, its primary interest expense is interest on deposits, and recent reports show no interest on borrowings or Federal Home Loan Bank advances. These disclosures indicate a balance-sheet structure centered on deposits, loans receivable, and securities available for sale.

The company’s financial reports describe several key income and expense categories that shape its results. Net interest income is reported as interest income from loans, securities, and other sources, less interest expense on deposits and any borrowings. The company also reports provisions for loan or credit losses, which reflect management’s assessment of credit risk in the loan portfolio. In recent periods, provisions have varied from no provision in some quarters to significant provisions in others, highlighting the importance of credit quality and risk management to the business.

Beyond interest-related activities, The Southern Banc Company reports non-interest income from customer service fees, fees and other non-interest income, and miscellaneous income. Company releases note that changes in non-interest income have often been driven by movements in miscellaneous income and customer service fees. On the expense side, non-interest expenses include salaries and employee benefits, office building and equipment or occupancy expenses, professional services, data processing, and other operating expenses. Management commentary frequently attributes changes in non-interest expense to shifts in staffing levels, professional services, and data processing costs.

The Southern Bank Company operates a regional footprint in Alabama. The Bank’s public releases state that it maintains four full-service banking offices located in Gadsden, Albertville, Guntersville, and Centre, Alabama, along with a loan production office in Birmingham, Alabama. In some disclosures, the Birmingham office is described as conducting factoring activities. This footprint positions the Bank as a community-oriented institution with a focus on its local and regional markets.

The company’s balance sheets show core banking assets such as cash and cash equivalents, securities available for sale at fair value, Federal Home Loan Bank stock, loans receivable net of allowance for loan losses, premises and equipment, accrued interest and dividends receivable, and prepaid expenses and other assets. On the liabilities side, deposits represent the primary funding source, supplemented by other liabilities. In multiple recent periods, the company has reported no FHLB advances or other borrowed money, underscoring its reliance on deposits and internal capital rather than wholesale borrowings.

Stockholders’ equity for The Southern Banc Company, Inc. is structured with no preferred stock issued, common stock with an authorized share count, additional paid-in capital, shares held in trust, retained earnings, treasury stock, and accumulated other comprehensive income or loss. The company regularly discloses total stockholders’ equity as a percentage of total assets, which provides insight into its capital position relative to its balance sheet size.

Company earnings releases emphasize metrics such as net income, basic and diluted earnings per share, and the absence of dividends declared per share over the reported periods. Management commentary often discusses the impact of the interest rate environment on lending and deposit activities, noting that changes in interest income and interest expense have influenced net interest income and margins. Historical disclosures also highlight how increases in salaries and benefits, professional services, occupancy, and data processing expenses have affected non-interest expense trends.

Overall, The Southern Banc Company, Inc. represents a community-focused savings institution holding company whose financial performance is driven by loan and securities portfolios, deposit funding, credit loss provisioning, and operating cost management. Its publicly available financial data and management commentary provide investors with detailed insight into how interest income, deposit costs, non-interest income, and operating expenses interact to shape earnings over time.

Business model and revenue drivers

Based on the company’s reported financial statements, The Southern Banc Company’s revenue is primarily derived from interest and fees on loans, interest and dividends on securities, and other interest income. These sources form total interest income, from which interest on deposits and any borrowings are deducted to arrive at net interest income. The company also reports non-interest income from fees and miscellaneous sources, which supplements interest-based revenue.

Key cost drivers include interest on deposits and a set of non-interest expenses such as salaries and employee benefits, occupancy or office building and equipment expenses, professional services, data processing, and other operating expenses. Management commentary in earnings releases frequently explains quarter-to-quarter changes by referencing these categories, such as increases in staff-related costs or professional service fees.

Geographic footprint and operations

According to multiple earnings announcements, The Southern Bank Company operates four full-service banking offices in Gadsden, Albertville, Guntersville, and Centre, Alabama. The Bank also maintains a loan production office in Birmingham, Alabama, with some disclosures noting that this office conducts factoring activities. This network supports the company’s role as a regional savings institution serving its Alabama markets.

Capital and shareholder structure

The Southern Banc Company, Inc. reports a capital structure consisting of common stock, additional paid-in capital, retained earnings, treasury stock, and accumulated other comprehensive income or loss. The company’s releases regularly present total stockholders’ equity and express it as a percentage of total assets. There are no preferred shares issued and outstanding under the authorized preferred stock program described in the financial statements.

SRNN stock and trading venue

The Southern Banc Company, Inc. states that its common stock is listed on the OTC Bulletin Board and trades in the over-the-counter market under the ticker symbol “SRNN”. Investors and market participants therefore access the company’s equity through the OTC marketplace rather than a national securities exchange.

Risk and performance considerations

In its earnings releases, the company includes cautionary language regarding forward-looking statements. Management notes that results are subject to factors such as economic conditions, competition, interest rate sensitivity, and exposure to regulatory and legislative changes. Historical financial data presented in the releases is described as not necessarily indicative of future results, underscoring that past performance may differ from future outcomes.

Frequently Asked Questions (FAQ)

• What does The Southern Banc Company, Inc. do?
  The Southern Banc Company, Inc. is the holding company for The Southern Bank Company, a savings institution that reports income from interest and fees on loans, interest and dividends on securities, other interest income, and various non-interest income sources, while funding its activities primarily through deposits.
• Where does The Southern Bank Company operate?
  Company disclosures state that The Southern Bank Company has four full-service banking offices in Gadsden, Albertville, Guntersville, and Centre, Alabama, and a loan production office in Birmingham, Alabama.
• How does SRNN generate its interest income?
  According to its financial statements, total interest income for The Southern Banc Company, Inc. comes from interest and fees on loans, interest and dividends on securities, and other interest income.
• What are the main components of The Southern Banc Company’s non-interest income?
  The company reports non-interest income from customer service fees, fees and other non-interest income, and miscellaneous income, with management often attributing changes in this category to movements in miscellaneous income and customer service fees.
• What types of expenses affect The Southern Banc Company’s profitability?
  Non-interest expenses include salaries and employee benefits, office building and equipment or occupancy expenses, professional services, data processing, and other operating expenses. Interest expense on deposits is another significant cost item.
• Does The Southern Banc Company, Inc. have preferred stock outstanding?
  Its financial statements indicate that while preferred stock is authorized, there are no preferred shares issued and outstanding.
• Where is SRNN stock traded?
  The Southern Banc Company, Inc. states that its common stock is listed on the OTC Bulletin Board and trades in the over-the-counter market under the symbol SRNN.
• What is the relationship between The Southern Bank Company and First Federal Savings and Loan Association of Gadsden, Alabama?
  Company releases describe The Southern Bank Company as formerly First Federal Savings and Loan Association of Gadsden, Alabama, indicating that the institution operated under that earlier name before adopting its current identity.
• How does the company describe the impact of interest rates on its business?
  In its public commentary, management notes that the current interest rate environment affects the bank’s lending and deposit activities, influencing interest income, interest expense, and net interest income.
• Does The Southern Banc Company, Inc. pay dividends?
  Recent financial statements list dividends declared per share as “---” or zero for the reported periods, indicating that no cash dividends were declared in those disclosures.