Southern Bancorp Makes Move in Mount Ida - Southern Business Review

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Sunday, March 24, 2019

Southern Bancorp Makes Move in Mount Ida

Southern Bancorp Bank of Arkadelphia is developing a full-service branch at 1017 U.S. Highway 270E in Mount Ida.


The move by the $1.4 billion-asset lender will expand its limited-operations presence in the $105.3 million-deposit market.


Since acquiring Little Rock’s Bear State Bank last April, Arvest Bank holds a dominant 65.9 percent of Montgomery County deposits totaling $69.4 million.


The remaining 34.1 percent totaling $35.9 million resides with Diamond Bank of Murfreesboro.


Southern Bancorp Bank, Arkadelphia
Staff: 349
Full-Service Locations: 37 in Arkansas and Mississippi


(All dollars in thousands)

















































 Total AssetsEquity CapitalNet Income
2018$1,387,751$152,377$12,760
2017$1,235,070$141,217$11,056
2016$1,149,088$129,981$10,143
2015$1,185,130$142,755$9,818
2014$1,172,557$136,033$11,524
2013$1,150,854$119,566$9,513
2012$1,117,585$122,551$10,822
2011$1,147,058$119,129$7,983
2010*$1,078,662$111,098$9,061
2009**$709,743$62,287$4,750
2008$201,285$18,689$1,966
*Reflects charter consolidation with Southern Bancorp Bank of Helena.
**Reflects the acquisitions of the $135 million-asset Timberland Bank of El Dorado, $210 million-asset First National Bank of Blytheville and $99 million-asset Bank of Trumann, purchased in 2009.
Source: Federal Deposit Insurance Corp.