Southern Banc Co (Southern Banc Co) Total Assets : $108.63 Mil (As of Jun. 2023)

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What is Southern Banc Co Total Assets?

Southern Banc Co's Total Assets for the quarter that ended in Jun. 2023 was $108.63 Mil.

During the past 12 months, Southern Banc Co's average Total Assets Growth Rate was -0.80% per year. During the past 3 years, the average Total Assets Growth Rate was -9.30% per year. During the past 5 years, the average Total Assets Growth Rate was -7.70% per year. During the past 10 years, the average Total Assets Growth Rate was -3.50% per year.

During the past 13 years, Southern Banc Co's highest 3-Year average Total Assets Growth Rate was 5.10%. The lowest was -9.30%. And the median was -1.25%.

Total Assets is connected with ROA %. Southern Banc Co's annualized ROA % for the quarter that ended in Jun. 2023 was 2.21%. Total Assets is also linked to Revenue through Asset Turnover. Southern Banc Co's Asset Turnover for the quarter that ended in Jun. 2023 was 0.08.

Southern Banc Co Total Assets Historical Data

The historical data trend for Southern Banc Co's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southern Banc Co Total Assets Chart

Southern Banc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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97.71

103.30

112.43

115.28

108.63

Southern Banc Co Semi-Annual Data
	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Total Assets	Get a 7-Day Free Trial															97.71	103.30	112.43	115.28	108.63

Southern Banc Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Southern Banc Co's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	12.122	+	96.509
	=	108.63

Southern Banc Co's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	12.122	+	96.509
	=	108.63

Southern Banc Co (OTCPK:SRNN) Total Assets Explanation

Total Assets is connected with ROA %.

Southern Banc Co's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	2.474	/	( (115.282	+	108.631)	/ 2 )
	=	2.474	/	111.9565
	=	2.21 %

Note: The Net Income data used here is one times the annual (Jun. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Southern Banc Co's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	8.828	/	( (115.282	+	108.631)	/ 2 )
=	8.828	/	111.9565
=	0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Southern Banc Co Total Assets Related Terms

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Southern Banc Co (Southern Banc Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Banc Co Inc (OTCPK:SRNN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 South 6th Street, Gadsden, AL, USA, 35901

Website

https://www.sobanco.com

Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.

Executives

Fred Taylor	director
Little James B Iii	director
Craig G Cantrell	director
Dowling Thomas F Iii	director
Little James B Jr	director, officer: Vice President
Gates Little	director, officer: President