Southern Independent Bank is a bank based in Opp, Alabama, established in 2006, with $403 million in total assets across 3 branches. By Trust Grade it ranks 30th of 93 banks we track in Alabama. Its capital ratio of 10.9% is stronger than 62% of similarly sized banks, versus a Alabama median of 10%. It was profitable over the most recent period, with a 1.21% return on assets. No consumer complaints against Southern Independent Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Southern Independent Bank compares to Alabama peers
How we graded Southern Independent Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.9% capital ratio)
- Strongly profitable (ROA 1.21%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Southern Independent Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 503 N Main St, Opp, AL 36467
- 1417 Mlk Jr Expressway, Andalusia, AL 36420
- 22799 Lakeshore Boulevard, Florala, AL 36442
Are deposits at Southern Independent Bank insured?
Yes. Southern Independent Bank is an FDIC-insured bank (FDIC certificate #58357). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Southern Independent Bank: frequently asked questions
Is Southern Independent Bank a good bank?
Southern Independent Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.9% capital ratio); Strongly profitable (ROA 1.21%).
Is Southern Independent Bank FDIC-insured?
Yes. Southern Independent Bank is a FDIC-insured bank (FDIC certificate #58357). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Southern Independent Bank?
Southern Independent Bank holds $403 million in total assets, ranking 30th of 93 banks we track in Alabama. It operates 3 branches.
Does Southern Independent Bank have CFPB complaints?
No CFPB complaints against Southern Independent Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
