Last $8.40 USD
Change Today 0.00 / 0.00%
Volume 0.0
SRNN On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 01/16/15 All times are local (Market data is delayed by at least 15 minutes).

southern banc company inc (SRNN) Snapshot

Open
$8.40
Previous Close
$8.40
Day High
$8.40
Day Low
$8.40
52 Week High
02/24/14 - $10.00
52 Week Low
12/19/14 - $8.25
Market Cap
6.8M
Average Volume 10 Days
151.5
EPS TTM
$-0.34
Shares Outstanding
806.1K
EX-Date
05/13/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOUTHERN BANC COMPANY INC (SRNN)

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southern banc company inc (SRNN) Details

The Southern Banc Company, Inc. operates as the holding company for The Southern Bank Company that provides various banking products and services in Alabama. Its personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. The company’s business banking products comprise business checking accounts, factoring, asset based loans, lines of credit, real estate lending, and equipment financing. It also offers online banking, mobile banking, and ATM services. As of September 24, 2014, the company had four full service banking offices located in Gadsden, Albertville, Guntersville, and Centre. The company was founded in 1936 and is based in Gadsden, Alabama.

southern banc company inc (SRNN) Top Compensated Officers

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southern banc company inc (SRNN) Key Developments

The Southern Banc Company, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

The Southern Banc Company Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, total interest income was $825,000 against $826,000 a year ago. Net interest income before and after provision for loan losses was $644,000 against $621,000 a year ago. Loss before income tax benefit was $223,000 against $139,000 a year ago. Net loss was $139,000 or $0.18 per diluted share against $87,000 or $0.11 per diluted share a year ago.

The Southern Banc Company, Inc. Announces Preliminary Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2014

The Southern Banc Company Inc. announced preliminary unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, the company reported total interest income of $745,000 against $673,000 a year ago. The increase in the net interest income for the three month period was primarily attributable to an increase in interest and fees on loans in the amount of approximately $93,000 offset by a decrease in interest and dividends on securities of approximately $22,000 and further offset by decreases in interest paid on deposits and borrowings of approximately $35,000 and $1,000, respectively. Net interest income after provision for loan losses was $572,000 against $457,000 a year ago. Loss before income taxes was $14,000 against $185,000 a year ago. Net income was approximately $700, or $0.00 per basic and diluted share as compared to a net loss of approximately $91,000, or $0.12 per basic and diluted share a year ago. For the full year, the company reported total interest income of $3,021,000 against $2,966,000 a year ago. Net interest income after provision for loan losses was $2,269,000 against $1,999,000 a year ago. The increase in the net interest margin for the fiscal year was primarily attributable to a decrease in interest paid on deposits and borrowings of approximately $164,000, or (19.0%) and $15,000, or (16.7%), respectively, offset by an increase in total interest income of approximately $55,000, or 1.9%. Loss before income taxes was $441,000 against $518,000 a year ago. Net loss was $265,000 against $302,000 a year ago. Loss per diluted share was $0.34 against $0.39 a year ago.

Southern Banc Co. Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Southern Banc Co. Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported net loss of $84,000, or $0.11 per basic and diluted share as compared to a net loss of $31,000, or $0.04 per basic and diluted share, for the quarter ended March 31, 2013. Total interest income was $759,000 against $724,000 a year ago. Net interest income after provision for loan losses was $582,000 against $497,000 a year ago. Loss before income taxes was $135,000 against $47,000 a year ago. The increase in the net interest income for the three month period was primarily attributable to an increase in interest and fees on loans in the amount of approximately $37,000 offset by a decrease in interest paid on deposits and borrowings of approximately $41,000 and $3,000, respectively. For the nine months, the company reported net loss of $266,000, or $0.34 per basic and diluted share, as compared to a net loss of $211,000, or $0.27 per basic and diluted share, for the nine month period ended March 31, 2013. Total interest income was $2,276,000 against $2,293,000 a year ago. Net interest income after provision for loan losses was $1,705,000 against $1,528,000 a year ago. Loss before income taxes was $426,000 against $339,000 a year ago.

 

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