Southern Community Bank and Trust in Winston Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Southern Community Bank and Trust in Winston Salem, North Carolina (NC)
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Southern Community Bank and Trust - Overview

  • General
  • FDIC Certificate #: 34321
    Status: Active
    Federal Reserve ID: 2514547
    Bank Holding Company (Regulatory Top Holder): Southern Community Financial Corporation (RSSDID: 2981831, Location: Winston-Salem, NC)
    Date Established: November 18, 1996
    WWW: http://www.smallenoughtocare.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 22 (Domestic: 22, Interstate: No)
    OTS Docket #: 15370
    FDIC's unique #: 57080
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 18, 1996
    Last Structure Change Effective Date: November 17, 2006
    Last Structure Change Process Date: Febuary 23, 2007
    Last Data Update: Febuary 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4701 Country Club Road, Winston Salem, NC 27104
    County: Forsyth
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
    CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $1,499.7 mil
    Equity capital: $138.7 mil
    Deposits held in domestic offices: $1,188.8 mil
    Return on assets (ROA): 0.38% ($5.7 mil)
    Quarterly return on assets: 0.50% ($7.5 mil)
    Return on Equity (ROE): 4.48% ($6.2 mil)
    Quarterly return on equity: 5.49% ($7.6 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 0.38% ($5,699.0 mil)
    Quarterly Pretax return on assets: 0.50% ($7,498.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 290Total employees (full-time equivalent)
  • $1,499,735Total assets
  • $45,981Cash and due from depository institutions
  • $22,625Interest-bearing balances
  • $406,701Securities
  • $573Federal funds sold & reverse repurchase agreements
  • $930,316Net loans & leases
  • $24,165Loan loss allowance
  • $0Trading account assets
  • $37,552Bank premises and fixed assets
  • $19,812Other real estate owned
  • $454Goodwill and other intangibles
  • $1,499,735Life insurance assets
  • $58,346All other assets
  • $1,361,044Total liabilities and capital
  • $1,188,775Total liabilities
  • $1,053,340Total deposits
  • $1,188,775Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 88629.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $76,637Trading liabilities
  • $0Other borrowed funds
  • $7,003Subordinated debt
  • $138,691All other liabilities
  • $138,691Total equity capital
  • $138,691Total bank equity capital
  • $0Perpetual preferred stock
  • $19,896Common stock
  • $131,639Surplus
  • $-12,844Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,459Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $68,048Income earned, not collected on loans
  • $0Earning assets
  • $5,843Long-term assets (5+ years)
  • $1,360,215Average Assets, year-to-date
  • $373,496Average Assets, quarterly
  • $1,570,370Volatile liabilities
  • $1,521,605Insider loans
  • $1,092,307FHLB advances
  • $1,517,014Loans and leases held for sale
  • $31,346Unused loan commitments
  • $15,958Tier 1 (core) risk-based capital
  • $137,552Tier 2 risk-based capital
  • $15,388Total risk weighted assets
  • $0Total unused commitments
  • $220,159Restructured Loans and leases
  • $18,994Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $70,637Total interest income
  • $18,390Total interest expense
  • $52,247Net interest income
  • $15,150Provision for loan and lease losses
  • $7,965Total noninterest income
  • $317Fiduciary activities
  • $3,900Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,748Additional noninterest income
  • $42,493Total noninterest expense
  • $18,162Salaries and employee benefits
  • $5,536Premises and equipment expense
  • $18,795Additional noninterest expense
  • $2,569Pre-tax net operating income
  • $3,453Securities gains (losses)
  • $0Applicable income taxes
  • $6,022Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,022Net income attributable to bank
  • $0Net charge-offs
  • $6,022Cash dividends
  • $20,565Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 4.48%Return on equity (ROE)
  • 4.48%Retained earnings to average equity (YTD only)
  • 1.97%Net charge-offs to loans
  • 73.67%Credit loss provision to net charge-offs
  • 0.86%Efficiency ratio
  • 70,210Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.53%Loss allowance to noncurrent loans
  • 35.51%Noncurrent assets plus other real estate owned to assets
  • 5.86%Noncurrent loans to loans
  • 7.13%Net loans and leases to deposits
  • 78.26%Net loans and leases to core deposits
  • 94.40%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 9.07%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,570,370Average earning assets
  • $134,326Average equity
  • $1,426,027Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $35,851Managed Assets
  • 1Number of Accounts
  • $35,851Personal trust and agency accounts
  • $30,121Employee benefit-defined contribution accounts
  • $2,604Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,133Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,993Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 39Number of Accounts
  • $0Personal trust and agency accounts
  • $1,133Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 22 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057080Southern Community Bank And Trust4701 Country Club Road, Winston Salem, NC 27104November 18, 1996Full Service Brick and Mortar
    2290536Yadkin County Branch532 East Main Street, Yadkinville, NC 27055April 13, 1998Full Service Brick and Mortar
    3290537South Stratford Branch500 South Stratford Road, Winston Salem, NC 27103November 02, 1998Full Service Brick and Mortar
    4290538South Park Branch3151 Peters Creek Parkway, Winston-Salem, NC 27127November 09, 1998Full Service Brick and Mortar
    6290540University Parkway Branch225 Hanes Mill Road, Winston Salem, NC 27105October 25, 1999Full Service Brick and Mortar
    9363676South Main Street Branch1207 South Main Street, Kernersville, NC 27284March 11, 2002Full Service Brick and Mortar
    10365217High Point Branch2541 Eastchester Drive, High Point, NC 27265May 20, 2002Full Service Brick and Mortar
    1136307Pilot Mountain Branch616 South Key Street, Pilot Mountain, NC 27041March 23, 1987Full Service Brick and Mortar
    12260482Mount Airy Community Dr. Branch2010 Community Drive, Mount Airy, NC 27030March 30, 1988Full Service Brick and Mortar
    13260483Sandy Ridge Branch4928 Highway 704 West, Sandy Ridge, NC 27046March 06, 1989Full Service Brick and Mortar
    14260484Madison Branch619 Ayersville Road, Madison, NC 27025May 07, 1990Full Service Brick and Mortar
    15260485Union Grove Branch1439 West Memorial Highway, Union Grove, NC 28689September 29, 1990Full Service Brick and Mortar
    16267041Dobson Branch201 West Kapp Street, Dobson, NC 27017January 01, 1908Full Service Brick and Mortar
    17260486Downtown Mount Airy Branch255 East Independence Boulevard, Mount Airy, NC 27030December 06, 1995Full Service Brick and Mortar
    18260487King Branch105 Post Office Street, King, NC 27021Febuary 13, 1998Full Service Brick and Mortar
    19260488Walnut Cove Office1072 North Main Street, Walnut Cove, NC 27052June 21, 1999Full Service Brick and Mortar
    20260490Jonesville Branch503 Winston Road, Jonesville, NC 28642August 03, 1999Full Service Brick and Mortar
    21437060Clemmons Branch6290 Towncenter Drive, Clemmons, NC 27012November 08, 2004Full Service Brick and Mortar
    22447405Greensboro Branch1505 Highwoods Boulevard, Greensboro, NC 27410December 14, 2005Full Service Brick and Mortar
    23453172Raleigh Branch3100 Edwards Mill Road, Raleigh, NC 27608Febuary 01, 2006Full Service Brick and Mortar
    24461349Asheville Branch1751 Hendersonville Road, Asheville, NC 28803March 01, 2007Full Service Brick and Mortar
    25466275Mooresville Branch210 Knob Hill Road, Mooresville, NC 28117October 15, 2006Full Service Brick and Mortar

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