june 2016 quarterly report - southern bank · quarterly report june 2016 4 general board of...

June 2016Quarterly ReportSOUTHERN BANCSHARES (N.C.), INC.

AHOSKIE, AURORA, AYDEN, BAILEY,

BELHAVEN, BETHEL, CHESAPEAKE,

CLINTON, DEEP RUN, EDENTON, FAISON,

FARMVILLE, FREMONT, GARLAND, GATESVILLE,

GOLDSBORO, GRANTHAM, GREENVILLE, JACKSON, KENANSVILLE, KENLY,

KILL DEVIL HILLS, LA GRANGE, LEWISTON,

MACCLESFIELD, MANTEO, MIDDLESEX, MOUNT

OLIVE, MURFREESBORO, NASHVILLE, NORFOLK,

PINE LEVEL, PLYMOUTH, RED OAK,

ROANOKE RAPIDS, ROBERSONVILLE, ROCKY

MOUNT, SALEMBURG, SCOTLAND NECK, SEVEN SPRINGS, SHARPSBURG,

SOUTHERN SHORES, SUFFOLK, TARBORO,

VIRGINIA BEACH, WARSAW, WILSON,

WINDSOR, WINTERVILLE, WINTON

Mission

Founded in 1901, Southern Bank is a customer-focused community bank serving eastern North

Carolina and southeastern Virginia. Our mission is to be the bank of preference for consumers and

businesses in the markets that we serve.

Genuine concern for the customer is our top priority, striving to create and deliver superior

value in the financial services we provide by exceeding the expectations of our customers.

We are dedicated to the communities we serve, both in spirit and support. We provide a

progressive and rewarding working environment for our employees that encourages the investment

of their time, energy, and talents to the betterment of their communities.

We embrace sound banking philosophies that incorporate dedication to relationships, strong business values, and financial integrity while

advocating the maintenance of quality assets and reasonable return on shareholder investment.

Southern Bank is a wholly owned subsidiary of Southern BancShares (N.C.), Inc.

Quarterly Report June 2016

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General Board of DirectorsJ. GREY MORGAN, ChairmanMount Olive, NC Chairman of the Board, Chief Executive Officer, Chairman of the Executive Committee, and Chairman of the Executive Committee of Southern Bank and Trust Company

JULIAN R. AYCOCKFremont, NC President, Marr’s, Inc.

WILLIAM H. BRYANMount Olive, NC Executive ChairpersonMt. Olive Pickle Co., Inc.

JOEL K. BUTLERGrimesland, NCChief External Affairs Officer, Vidant Health; President, Access East, Inc.; President, Vidant Medical Center & Vidant Health Foundations

MICHAEL L. CHESTNUTT, CPA, ABV, CFP® Clinton, NC. Managing Partner, Black, Chestnutt & Johnson, P. A.

HOPE H. BRYANTRaleigh, NC Executive Vice PresidentVice Chairman, First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company, Executive Officer, First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company

DREW M. COVERTMount Olive, NC President, Southern Bank and Trust Company

OLIVIA B. HOLDINGRaleigh, NC President, E & F Properties, Inc.; President, Twin States Farming, Inc.; President, The Ella Ann L. & Frank B. Holding Foundation; President, The North State Foundation

MICHAEL S. IVESVirginia Beach, VaFormer Heritage Bank and heritage Bankshares, Inc.President and CEO, and former CENIT Bank and CENIT Bancorp, Inc. President and CEO

G. ROUSE IVEYMount Olive, NC Ivey Farms

M.J. MCSORLEYRocky Mount, NC Vice Chairman, Southern BancShares (N.C.), Inc. and Southern Bank and Trust Company; Former Vice President, Southern BancShares (N.C.), Inc.; Former President and CEO, Southern Bank and Trust Company

JOHN C. PEGRAM, JR.Chapel Hill, NC Vice Chairman, Southern BancShares (N.C.), Inc. and Southern Bank and Trust Company; Former Chairman of the Board, President, and Chief Executive Officer Southern BancShares (N.C.), Inc. and Southern Bank and Trust Company

THOMAS R. SALLENGERWilson, NC General Partner, Sallenger & Brown, LLP


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MALCOLM R. SULLIVAN, JR. Goldsboro, NCChief Executive Officer, Pate Dawson Company

DIRECTORS EMERITI

BYNUM R. BROWNMurfreesboro, NC President, Bynum R. Brown Agency, Inc.President, Brown Manor, Inc.Secretary-Treasurer, Roanoke Valley Nursing Home, Inc.

FRANK B. HOLDINGSmithfield, NC Former Vice Chairman of the Board of Southern Bank and Trust Company; Former Executive Vice Chairman of the Board, First-Citizens Bank & Trust Company and First Citizens BancShares, Inc.

W.A. POTTSMount Olive, NC – Retired Veterinarian

Executive Officers of BancsharesJ. GREY MORGANChairman of the Board and Chief Executive Officer

DREW M. COVERTPresident DAN R. ELLIS, JR.Vice President and Corporate Secretary

JERRY C. ALEXANDERVice President

MICHAEL T. BRYANTVice President

L. TAYLOR HARRELLVice President

Executive Officers of SouthernBank and Trust CompanyJ. GREY MORGANChairman of the Board and Chief Executive Officer

DREW M. COVERTPresident, Southern Bank and Trust Company

DAN R. ELLIS, JR.Executive Vice President, Chief Financial Officer, Corporate Secretary, and Treasurer

JERRY C. ALEXANDERExecutive Vice President

MICHAEL T. BRYANTExecutive Vice President

L. TAYLOR HARRELLExecutive Vice President


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Regional Executives of SouthernBank and Trust CompanyJERRY C. ALEXANDERExecutive Vice PresidentNortheast Region

MICHAEL T. BRYANTExecutive Vice PresidentWest Region

L. TAYLOR HARRELLExecutive Vice PresidentHampton Roads Region

GREGORY A. SHACKELFORDSenior Vice PresidentSouth Region

Local Boards of DirectorsAhoskieDr. Joselito S. Almario, Ronald G. Baker, L. M. Brinkley, Jr., William T. Fretwell, Darlene P. Fritz, James R. Harrell, Jr., Teresa F. Jenkins, Susan S. Lassiter, Charles I. Pierce, Jr., Robert N. Riddick, Edgar L. Swain, Jr. Director Emeriti - Howard C. Brown, Joe Henry Jenkins

AydenElbert Hardy Dixon, Arthur E. Heath, Sharon V. Warrick

BelhavenDouglas B. Clark, Gary L. Respess, William M. Tankard, Charles F. Williams. Director Emeritus - C. Ervin Manning, Sr.

BethelKevin G. Adams, Melissa Briley, Edward E. Dennis, Jr., Frances R. Young, Charles E. Tucker, Director Emeritus - James H. Dupree

Duplin CountyEdward Dail, Morgan H. Swinson, Ernest Clegg Grady, Jr., Marion Dean Brown, Jr., Gregory Millard Bounds, John C. Smith, Jr., J. Garrett Ludlum, G. Haywood Quinn, Jr. Director Emeriti - James McGowan, Dr. Mary Wood, Richard Harrell, William J. Igoe

EdentonRonald J. Andronowitz, Horace Beasley, Charles A. Britton, Steve Brown, Franklin S. Edmondson III, A. Travis Ellis, Director Emeriti - Marvin S. Barham, Dr. Richard Hines, Jr.

FarmvilleDouglas W. Henry, Jasper D. Monroe, Jr., John O. Moore, Eric J. Pierce, Charles A. Rice, CPA., Dr. Bert B. Warren, Jr.

GatesvilleDan M. Askew, George M. Miller, Director Emeriti - Charles Sherwood Eason, John A. Lane, Jr., Robert P. Hollowell, Jr.

GoldsboroMichael W. Jones, John E. Kinsey, Jr. , Jerilyn J. Lee, W. Stephen Moore, Lemuel Edward Pitzer, Luther Eddice Taylor III

GreenvilleGreenville Banks, Dr. Jim Casey, Barry Chesson, Dr. Paul R. G. Cunningham, Dr. Johnathan P. Earp, Eileen M. Van Houten, Dr. Mary Helen Hutchinson, Dennis Massey, William D. “Bill” Mitchum, Jr., William R. Parker, Beth Sigmon


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Hampton RoadsDavid A. Arias, Stephen B. Ballard, Michael E. Barney, Richard A.Beskin, Richard E. Biemiller, Chris Beisel, Susan R. Blackman, Judy Boone, Lisa F. Chandler, Rev. Harold J. Cobb, Jr., Scot Creech, James A. Cummings, William J. Davenport, III, Lydia G. Duke, Lindsey Riddle Elliott, Steve C. Frazier, John L. Gibson, III, Thomas C. Gifford, Michael Goodove, Rober L. Gutterman, Dorcas Helfant-Browning, Thomas P. Host, III, Claus Ihlemann, James J. Izard, II, Karen Jafee, Stephen A. Johnsen, Thomas G. Johnson, III, Kal Kassir, David L. Kaufman, Michael P. Kellam, Linda S. Laibstain, William A. Lascara, Kirk B. Levy, Gary C. Mah, Charles R. Malbon, Jr., Robert F. Mann, M.D., Peter M. Meredith, Jr., Paul Michels, Thaddeus J. Nowak, Charles S. Nusbaum, Matthew R. Nusbaum, Jeanette L. Ojeda, L. Allan Parrott, Jr., William L. Perkins, II, Donald E. Perry, Donna Phaneuf, James Pickrell, Jr., Albert H. Poole, Roger L. Porter, John W. Rachels, Duane H. Robets, Louis F. Ryan, Robert L. Schick, Jr., Gary K.Shepherd, Thomas B. Shuttleworth, I. Resse Smith, R. Paul Speece, Ann K. Sullivan, Anthony M. Thiel, Philip R. Trapani, Jr., Howard M. Webb

La GrangeRobert Bland, Henry Edwards, Craig A. Jones, T. Dewey Mooring, Roger M. Sutton, G. Lynn Taylor

Lewiston-WoodvilleB. U. Griffin, Jr. John M. Griffin, Sr., Carl A. Lee, Sr., Susan B. Lewis, Joe G. Whitehead, Jr., Director Emeritus - Richard N. Hoggard

MacclesfieldBonnie R. Allen, Ledger Norris Harrell, Johnny L. Hogg, Sharon V. Warrick

Mount OliveJames Douglas Best, John T. Davis, Jr., B. Hain Ficken, Jr., Christy B. Martin, David H. Overman, Mark Raynor, Dr. James M. Sasser, Ronald G. Sloan, Dr. Robert K. Talton, Carol Gainey Carrere, Ph.D.

MurfreesboroSylvia F. Anderson, Wayne Brown, John M. Jenkins, Jr., Ben McLean, Charles L. Revelle, III, John P. Revelle, Jr., Jayne H. Wolfskill, Brock E. FeltonDirector Emeritus - Bynum R. Brown

NashvilleDirector Emeriti -John S. Edwards, W. Timothy Evans, James L. Hinton, Robert E. Pate, Kathryn A. Tyson, Dr. R. Cole Younger, John V. Denton, Leorita B. Hankerson

Outer BanksJill G. Bennett, Michael C. Casey, Timothy L. Crank, Paddison P. Hudspeth, Joy E. Lige, Jeffrey B. Dowdy, Theresa “Tess” Judge, Richard B. Mizelle, Jr. Director Emeritus - Cashar W. Evans, Jr.

PlymouthWilliam R. Sexton, April M. Stotesberry, Billy T. Thompson

Roanoke RapidsPaul W. Heaton, Jr., Grady W. “Phil” Hux, Donald R. Lynch, Mark D. Dickinson

RobersonvilleVeo Bunting, Robert W. James, Jr., Hope D. MacNeill, Worley Warren, Michael H. Williams

Nash/Edgecombe County BoardJeffrey A. Batts, Robbie B. Davis, Wayne E. Murphy, Jean A. Kitchin, John Turnage, Rebecca Parks, Brandon G. Moore, Charles A. Rose,Jr.,Gary J. Fazio, Director Emeriti - Bobby Joe Fisher, J. Edgar Moore, Dr. J. Reid Parrott, Jr., Dr. Daniel L. Crocker, Robert H. Marriott, Jr., James W. Pridgen, Dr. Blair Harrold, Larry W. McAdams

Sampson CountySteven J. Bass, James P. Burch, Ralph C. Carter, Jr., Michael Edwards, Robert A. Fann, Rex Moody, Brenda S. Warren


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Scotland NeckD. Bryan Dobson, Charles J. Shields, James Lewis Thompson, Director Emeriti - Leonard J. Bunting, E. Eugene Hyman

Southern Nash County Derek Ray Bissette, Willie Clovis Boykin, III, Marshall Lee Brock, J. Brent Creech, Marshall Dean High, Tami Alford Massey, Thomas R. Matthews, Jr., T. Pender Sharp, III, Director Emeriti - Richard H. Rains, Tony R. Stone, Robert L. Matthews, Jr., Elmer Crocker

Wilson CountyJanet P. Barnes, Milo L. Gibbs, Jr., Elizabeth Howard, James A. Miller, Eldon S. Newton, III, Ralph M. Smith, Jr., Charles A. Thomas, William H. Vaughan, Jr. WindsorLawrence C. Carter, Ricky Ryan Clough, Moses B. Gillam, III, Crystal Godwin, James F. Hoggard, III, Revonne W. Hoggard, William Pittman, Carla Rascoe, Joseph S. Roberson, Director Emeriti - Wayne P. Attkisson, Billy J. Clough, John L. Pierce, Jr., Edward E. Rawls, Hoke S. Roberson

WintonCarolyn B. Bazemore, A. T. Byrum, Jr., Dr. Terry C. Hall, DMD, Dr. Peggy A. Johnston, DVM, W. Hugh Jones, Jr.,R. A. Newsome, Jr.

Local OfficersAhoskieTeresa F. Jenkins, Senior Vice PresidentSandra T. Wiley, Banking OfficerDeborah B. Morris, Assistant Banking OfficerGlenda D. Ward, Assistant Banking Officer

AuroraJeffry W. Robinson, Vice President

AydenSharon V. Warrick, Vice President

BaileySylvia B. Temple, Banking Officer

BelhavenCharles F. Williams, Vice President Patricia J. Cooper, Banking OfficerEarline M. Webb, Banking Officer

BethelMelissa W. Briley, Vice President

ChesapeakeDeborah S. Hundley, Vice PresidentYvette Campfield-Wilson, Assistant Vice PresidentShelby N. Maltese, Assistant Vice President

ClintonMarvin Rex Moody, Vice President

EdentonCharles A. Britton, Vice PresidentLisa K. Dunagan, Vice PresidentGlenda H. Jackson, Banking OfficerGloria R. White, Banking Officer

Elizabeth CityMathew R. Scribner, Senior Vice PresidentS. Johnson W. Biggs, Vice President

FaisonFaye H. Brock, Assistant Banking Officer


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FarmvilleJasper Davidson Monroe, Jr., Vice President

GatesvilleDan M. Askew, Vice President Deborah D. Carter, Banking Officer

GoldsboroW. Scott Newton II, Senior Vice PresidentChristine L. Brown, Banking OfficerBrenda E. Paul, Banking Officer

GreenvilleAlyson B. Faulconer, Senior Vice PresidentMichael D. Holt, Vice President I. Faith Stilley, Assistant Vice PresidentShaunda T. Moore, Banking Officer Carrie L. Rollins, Banking Officer JacksonMargaret W. Hall, Vice PresidentDonna B. Burgess, Assistant Vice President

KenansvilleG. Haywood Quinn, Jr., Vice PresidentBritia B. Cavenaugh, Banking Officer

KenlyJ. Daniel Whaley, Assistant Vice President

Kill Devil HillsSonya A. Payne, Vice PresidentPenelope E. Bentley, Vice President La GrangeCraig A. Jones, Vice President Delphine Y. “Dee” Hall, Banking Officer

Lewiston-WoodvilleSusan B. Lewis, Vice President Cynthia I. Vaughan, Assistant Vice President

MacclesfieldSharon V. Warrick, Vice President

ManteoNeil C. Songer, Vice President

MiddlesexJeanine M. Corbett, Assistant Vice President

Mount OliveGregory Eloshway, Senior Vice PresidentWilliam Mark Raynor, Vice President J. David Sutton, Vice PresidentWalter D. Joyner, Banking OfficerP. Renee Henderson, Assistant Banking Officer

MurfreesboroMatthew B. Howell, Assistant Vice PresidentDenise J. Britton, Banking OfficerDenise R. Martin, Banking Officer

NashvilleAmy N. Beasley, Vice PresidentPamela B. Avent, Banking Officer


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NorfolkMaureen M. Grover, Vice PresidentVicki L. Eicher, Assistant Vice PresidentDolores A. Fiorella, Assistant Vice PresidentKelly A. Johnson, Assistant Vice President

Pine LevelGeneva S. Cobb, Assistant Banking Officer

PlymouthApril M. Stotesberry, Vice President

Red OakLisa P. Wells, Banking Officer

Roanoke RapidsMark D. Dickinson, Senior Vice PresidentKim E. Ivey, Vice President RobersonvilleHope D. MacNeill, Vice President

Rocky MountKenneth E. Sawyer, Jr., Senior Vice PresidentDebbie S. Boyette, Vice PresidentDeborah L. Braswell, Vice PresidentJohn Allen Corbett III, Vice PresidentKimberly S. Sutton, Vice PresidentWilliam P. Johnson, Assistant Vice PresidentDeborah D. Nelms, Assistant Vice PresidentVanessa M. Whitaker, Assistant Vice President Lynn N. Barnes, Banking OfficerJulie C. Howard, Banking OfficerBryan M. Huff, Banking OfficerGloria D. Williams, Banking Officer

SalemburgE. Faith Brock, Banking Officer

Scotland NeckJames Lewis Thompson, Senior Vice PresidentDebra T. Worley, Banking Officer

SharpsburgNancy B. Bullard, Assistant Vice President

Southern ShoresSusan C. Clissold, Vice President Michele R. Godsey, Vice President

SuffolkMargaret D. Frisch, Assistant Vice President

TarboroLeta G. Bateman, Assistant Banking Officer

Virginia BeachWanda D. Garrett, Vice PresidentJody F. Kuehn, Vice PresidentBriana J. Cabiao, Assistant Vice PresidentDonna M. Eason, Assistant Vice PresidentLauren L. LaBonte, Assistant Vice PresidentJenifer B. Watlington, Assistant Vice PresidentKatherine D. Wyatt, Assistant Vice President

Wake CountyL. Gregory Williams, Senior Vice President

WarsawCecilia W. Bell, Banking Officer


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WilmingtonPaul McCombie, Senior Vice PresidentLeon C. Pruzan, Senior Vice PresidentLeonard B. Smith, Senior Vice President

WilsonMatthew W. Whitley, Senior Vice PresidentHillary A. Jackson, Vice PresidentJames L. Southerland, Vice PresidentTerri H. Stutts, Vice PresidentMelissa S. Jones, Banking OfficerAnn B. Parrish, Banking Officer

WindsorCrystal C. Godwin, Vice PresidentStephen D. Wishall, Vice President Gay H. Feher, Banking Officer Christie H. Jernigan, Banking Officer

Winterville Paul C. Anderson, Vice President Cynthia L. Spargur, Vice President Dana H. Fuller, Banking Officer

WintonCarolyn B. Bazemore, Vice President

General Officers Affiliated Mortgage ServicesD. Brian Joyner, Senior Vice President Steven M. Becraft, Vice PresidentTeresa O. Chappell, Vice President Willie G. Griswold, Vice PresidentShannon B. Joyner, Vice PresidentElizabeth D. Pullen, Vice PresidentW. Neil Johnston, Assistant Vice PresidentDenise P. Corbett, Banking OfficerKimberly C. Harrison, Banking Officer

AuditTonya B. Watkins, Senior Vice President and General AuditorFaye R. Jones, Assistant Vice President

Cash Management ServicesLori P. Martin, Senior Vice PresidentJennifer H. Robertson, Vice PresidentSandy E. Davidson, Banking Officer

Community ReinvestmentSuzanne M. Burrows, Vice President and Community Reinvestment Act Officer

Corporate AdministrationEdward I. Coltrain, Senior Vice President and Chief Operating OfficerRebecca L. Binkley, Vice PresidentJamie L. Colwell, Vice President

Corporate FinanceDan R. Ellis, Jr., Executive Vice President and Chief Financial OfficerDavid L. Sauls, Jr., Senior Vice President and Chief Accounting OfficerRobin M. Jackson, Vice PresidentSandy C. McCarty, Vice President and Bank Security OfficerGenetta B. Goodman, Assistant Vice President


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Corporate HeadquartersJames Grey Morgan, Chairman of the Board and Chief Executive OfficerDrew M. Covert, President

Credit AdministrationJudy M. Lynn, Senior Vice President and Senior Credit OfficerKimberly N. Anderson, Banking Officer

Credit OperationsBarry G. Allen, Vice President and Information Security Officer Regina A. Neal, Assistant Vice President Jeffrey W. Westbrook, Assistant Vice PresidentQuanta M. Woodson, Assistant Vice President

Credit ReviewSharon S. Edmundson, Vice President Nicholas B. Davis, Assistant Vice PresidentVernon Scott Wilson, Assistant Vice President

Deposit OperationsJeanne C. King, Vice President Amanda M. Modlin, Vice President Gina M. Barrington, Assistant Vice PresidentJoyce Anne Barwick, Assistant Vice PresidentJessica L. Bryant, Assistant Vice PresidentTerri Gleason, Assistant Vice President

Hampton Roads RegionL. Taylor Harrell, Executive Vice PresidentChristopher M. Beale, Senior Vice PresidentShelayne S. Boswell, Senior Vice PresidentLinda G. Doland, Senior Vice PresidentW. Trent Dudley, Senior Vice PresidentKeith E. Gillespie, Senior Vice PresidentAdam J. Goldblatt, Senior Vice PresidentLeigh C. Keogh, Senior Vice PresidentSteven E. Kocen, Senior Vice PresidentDeborah B. Mast, Senior Vice PresidentJames H. Newsom III, Senior Vice PresidentMelonie B. Whitehead, Senior Vice PresidentSteven M. Byrd, Vice PresidentPamela N. Ellyson, Vice PresidentSharon M. Hostman, Vice PresidentAdam T. Jobe, Vice PresidentJoyce L. Mirto, Vice PresidentDavid D. Auth, Assistant Vice PresidentChristopher T. Bray, Assistant Vice PresidentLoretta R. Jones, Assistant Vice PresidentMichele M. Mason, Assistant Vice PresidentBrenda F. Ragland, Assistant Vice PresidentDarian J. Fisher, Banking Officer

Human ResourcesValerie W. Roberson, Senior Vice PresidentPamela K. Best, Banking Officer

Information TechnologyDeborah B. Coon, Senior Vice PresidentKevin L. Loftin, Vice PresidentBrandon K. Faucette, Banking Officer

Loss ShareDonald A. Morris, Jr., Senior Vice PresidentMichele L. Barham, Vice PresidentJames C. Hill, Vice PresidentAnthony L. Hunt, Vice PresidentRobert H. Johnson, Vice PresidentCraig W. Reed, Vice PresidentJaime L. Warren, Vice President


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Marketing & SalesJohn L. Heeden, Senior Vice PresidentLisa R. Sanderson, Vice President

Northeast RegionJerry C. Alexander, Executive Vice PresidentT. Olin Davis, Senior Vice PresidentDilara B. Moore, Senior Vice PresidentWilliam Jason Waughtel, Senior Vice PresidentCharles M. Wells II, Senior Vice PresidentC. McCray Sadler, Vice President Dustin W. Sumner, Vice President

Regulatory ComplianceGwendolyn S. Scobey, Assistant Vice President and Bank Compliance Officer/Bank Secrecy Act OfficerAngela R. Rose, Banking Officer and Office of Foreign Assets Control (OFAC) Compliance Officer

Risk ManagementSheila Y. Ewers, Banking Officer

Southern Bank Customer CareSondra F. McCorquodale, Senior Vice PresidentKristi P. Cooper, Assistant Vice PresidentDeborah B. Pannell, Assistant Vice PresidentLarry L. Woolard, Jr., Assistant Vice PresidentLynn L. Baker, Banking Officer

Southern Investment ServicesCorey D. Quattlebaum, Senior Vice PresidentJustin Brooks Bunting, Vice PresidentJohn P. Dennis, Vice PresidentWilliam H. Hopkins, Jr., Vice PresidentRick D. Hughes, Vice PresidentFrank C. Jones, Jr., Vice PresidentAngela H. Futrell, Assistant Vice President

Southern RegionGregory A. Shackelford, Senior Vice PresidentRebecca C. Dorsey, Senior Vice President

TrainingB. Gail Ambrose, Vice PresidentTanya L. Mizelle, Assistant Vice President

West RegionMichael T. Bryant, Executive Vice PresidentG. Willard Barnes, Senior Vice PresidentWayne E. Murphy, Senior Vice PresidentWilliam D. Edgar, Jr., Vice President

40

40

40

40

40

95

95

95

95

85

795

8595

64

64

664

Mount Olive

Faison

Warsaw

Kenansville

Deep Run

Seven Springs

La Grange

Goldsboro

Fremont

Pine Level

BaileyWilson

Rocky Mount

Kenly

Middlesex

Sharpsburg

Nashville

Red Oak

Windsor

Roanoke Rapids

Jackson

Ahoskie

Chesapeake

NorfolkVirginia Beach

Newport News

Edenton

Elizabeth City

Plymouth

Belhaven

Aurora

Ayden

Farmville

Macclesfield

Tarboro

Lewiston

Scotland Neck

BethelRobersonville

Winterville

Greenville

Raleigh

Durham

Chapel Hill

Fayetteville

Jacksonville

Kill Devil Hills

Southern Shores

Manteo

Winton

GatesvilleMurfreesboro

Enfield

Suffolk

ClintonSalemburg

Garland

Wallace

New Bern

Grantham

Wilmington

Founded in 1901 as the Bank of Mount Olive, Southern Bank is among the oldest state chartered commercial

banks in North Carolina. With total assets over $2.4 billion, the bank operates over 65 offices in North Carolina and Virginia.

Branch Network Map

Branch Location Multiple Branches Corporate Headquarters

Loan Office

Founded in 1901 as the Bank of Mount Olive, Southern Bank is among the oldest state chartered commercial banks in North Carolina. With total assets over $2.4 billion, the bank operates over 65 locations in North Carolina and Virginia.


Loan Office

14

40

40

40

40

40

95

95

95

95

85

795

8595

64

64

664

Mount Olive

Faison

Warsaw

Kenansville

Deep Run

Seven Springs

La Grange

Goldsboro

Fremont

Pine Level

BaileyWilson

Rocky Mount

Kenly

Middlesex

Sharpsburg

Nashville

Red Oak

Windsor

Roanoke Rapids

Jackson

Ahoskie

Chesapeake

NorfolkVirginia Beach

Newport News

Edenton

Elizabeth City

Plymouth

Belhaven

Aurora

Ayden

Farmville

Macclesfield

Tarboro

Lewiston

Scotland Neck

BethelRobersonville

Winterville

Greenville

Raleigh

Durham

Chapel Hill

Fayetteville

Jacksonville

Kill Devil Hills

Southern Shores

Manteo

Winton

GatesvilleMurfreesboro

Enfield

Suffolk

ClintonSalemburg

Garland

Wallace

New Bern

Grantham

Wilmington

Founded in 1901 as the Bank of Mount Olive, Southern Bank is among the oldest state chartered commercial

banks in North Carolina. With total assets over $2.4 billion, the bank operates over 65 offices in North Carolina and Virginia.

Branch Network Map


Loan Office

15


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Ahoskie506 E. Main St.Ahoskie, NC 27910Telephone: 252.332.5149

Aurora298 N. Fifth St.Aurora, NC 27806Telephone: 252.322.4046

Ayden236 3rd St.Ayden, NC 28513Telephone: 252.746.6138

Bailey6174 Main StreetBailey, NC 27807Telephone: 252.235.4071

Belhaven148 E. Main St.Belhaven, NC 27810Telephone: 252.943.2184

Bethel7458 Main St.Bethel, NC 27812Telephone: 252.825.0031

Chesapeake - Cedar1217 Cedar Rd.Chesapeake, VA 23322Telephone: 757.549.8787

Chesapeake - Greenbrier1304 Greenbrier Pkwy.Chesapeake, VA 23320Telephone: 757.436.0192

Chesapeake - Western Branch3343 Western Branch Blvd.Chesapeake, VA 23321Telephone: 757.638.9383

Clinton925 Sunset Ave.Clinton, NC 28328Telephone: 910.592.9005

Deep Run3410 Old HWY 11Deep Run, NC 28525Telephone: 252.568.4141

Edenton101 W. Queen St.Edenton, NC 27932Telephone: 252.482.8466

Faison110 S. West Center St.Faison, NC 28341Telephone: 910.267.4351

Farmville4217 E. Church St.Farmville, NC 27828Telephone: 252.753.2161

Fremont101 North Wilson StreetFremont, NC 27830Telephone: 919.242.6011

Garland83 S. Bladen Ave.Garland, NC 28441Telephone: 910.529.3651

Gatesville203 Main St.Gatesville, NC 27938Telephone: 252.357.0190

Goldsboro-Wayne2301 Wayne Memorial DriveGoldsboro, NC 27534Telephone: 919.735.1207

Goldsboro-Ash2501 E. Ash St.Goldsboro, NC 27534Telephone: 919.734.2909

Grantham3382 US Hwy 13 SouthGoldsboro, NC 27530Telephone: 919.689.2300

Greenville - Charles2310 S. Charles Blvd.Greenville, NC 27858Telephone: 252.353.8600

Greenville - Medical Park2275 Stantonsburg Rd.Greenville, NC 27834Telephone: 252.551.3033

Jackson208 W. Jefferson St.Jackson, NC 27845Telephone: 252.534.1156

Kenansville416 S. Main St.Kenansville, NC 28349Telephone: 910.296.0210

Kenly101 West Second StreetKenly, NC 27542Telephone: 919.284.7000

Kill Devil Hills202 S. Croatan HwyKill Devil Hills, NC 27948Telephone: 252.449.4499

La Grange208 S. Caswell St.La Grange, NC 28551Telephone: 252.566.4020

Lewiston127 Main St.Lewiston-Woodville, NC 27849Telephone: 252.348.2561

Macclesfield105 N. Railroad St.Macclesfield, NC 27852Telephone: 252.827.2111

Manteo704 S. Hwy 64\264Manteo, NC 27954Telephone: 252.475.3688

Middlesex11438 East Finch AvenueMiddlesex, NC 27557Telephone: 252.235.3144

Mount Olive - Breazeale800 N. Breazeale Ave.Mount Olive, NC 28365Telephone: 919.658.7100

Mount Olive - Center100 N. Center St.Mount Olive, NC 28365Telephone: 919.658.7000

Murfreesboro336 E. Main St.Murfreesboro, NC 27855Telephone: 252.398.4174


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Nashville - Barnes209 S. Barnes St.Nashville, NC 27856Telephone: 252.459.2117

Norfolk - Boush403 Boush St.Norfolk, VA 23510Telephone: 757.446.6920

Norfolk - Colley4815 Colley Ave.Norfolk, VA 23504Telephone: 757.648.1650

Pine Level109 Peedin AvenuePine Level, NC 27568Telephone: 919.965.5721

Plymouth612 Washington St.Plymouth, NC 27962Telephone: 252.793.1115

Red Oak8315 Red Oak Blvd.Red Oak, NC 27868Telephone: 252.443.2138

Roanoke Rapids1580 E. 10th St.Roanoke Rapids, NC 27870Telephone: 252.535.3043

Robersonville111 N. Main St.Robersonville, NC 27871Telephone: 252.795.3041

Rocky Mount - Benvenue1405 Benvenue Rd.Rocky Mount, NC 27804Telephone: 252.407.7777

Rocky Mount - Oakwood107 S. Fairview Rd.Rocky Mount, NC 27801Telephone: 252.443.1237

Rocky Mount - Franklin224 S. Franklin St.Rocky Mount, NC 27804Telephone: 252.977.2825

Rocky Mount - Westridge3690 Sunset Ave.Rocky Mount, NC 27804Telephone: 252.443.7800

Salemburg102 North Main St.Salemburg, NC 28385Telephone: 910.525.4149

Scotland Neck810 S. Main St.Scotland Neck, NC 27874Telephone: 252.826.3181

Seven Springs306 Main St.Seven Springs, NC 28578Telephone: 252.569.3161

Sharpsburg3938 S. Hathaway Blvd.Sharpsburg, NC 27878Telephone: 252.977.9855

Southern Shores5531 N. Croatan HwySouthern Shores, NC 27949Telephone: 252.261.1326

Suffolk221 Western Ave.Suffolk, VA 23434Telephone: 757.923.4868

Tarboro422 Main St.Tarboro, NC 27886Telephone: 252.823.2184

Virginia Beach - Laskin Road1756 Laskin Rd.Virginia Beach, VA 23454Telephone: 757.648.1670

Virginia Beach - Kempsville1870 Kempsville Rd.Virginia Beach, VA 23464Telephone: 757.446.6950

Virginia Beach Boulevard3720 Virginia Beach Blvd.Virginia Beach, VA 23452Telephone: 757.446.6970

Virginia Beach - Lynnhaven Parkway601 Lynnhaven Parkway, Virginia Beach, VA 23452Telephone: 757.648.1690

Warsaw114 N. Pine St.Warsaw, NC 28398Telephone: 910.293.7176

Wilson - Forest Hills1701 Forest Hills Road WestWilson, NC 27893Telephone: 252.206.5510

Wilson - Nash Street2300 Nash Street NorthWilson, NC 27896Telephone: 252.206.5500

Windsor101 N. King St.Windsor, NC 27983Telephone: 252.794.3011

Winterville4259 Winterville Pkwy.Winterville, NC 28590Telephone: 252.355.6189

Winton301 N. Main St.Winton, NC 27986Telephone: 252.358.3111

Commercial Credit Offices

Raleigh3101 Glenwood Avenue, Suite 203Raleigh, NC 27612Telephone: 919.788.1596

Wilmington6752 Rockspring Road, Suite 100Wilmington, NC 28405Telephone: 910.256.3657

Elizabeth City101 E. Ehringhaus StreetElizabeth City, NC 27906Telephone: 252.334.1619

Southern BancShares (N.C.), Inc.Post Office Box 729

116 East Main StreetMount Olive, NC 28365-0729

Southern Bank Customer Care855.275.7226

Shareholders Contact Center:Broadridge, Inc.

855.449.0975 (Toll Free)

www.southernbank.com

08/16

june 2016 quarterly report - southern bank · quarterly report june 2016 4 general board of...

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