Bank · FDIC insured
Southern Independent Bank
A $395.3M bank headquartered in Opp, AL, with 3 branches in Alabama.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: rates are not published online. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- Savings700.05%2.00% with extra requirementsSavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Southern Independent Bank
Southern Independent Bank is a locally owned bank that opened for business in December of 2006.
The institution was established by local business leaders and veteran bankers to serve the communities of Opp and Andalusia.
- Headquarters
- 503 N Main St, Opp, AL 36467
- FDIC certificate
- 58357 ↗
Branches
3 branches in Alabama
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Alabama
3 branches
Opp area · 1
- Southern Independent BankMain office503 N Main St, Opp, AL 36467Directions
Andalusia area · 1
- 1417 Mlk Jr Expressway Branch1417 Mlk Jr Expressway, Andalusia, AL 36420Directions
Florala area · 1
- Florala Branch22799 Lakeshore Boulevard, Florala, AL 36442Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 13.63% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.08% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.11% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $54 | $81 | — |
- CapitalLeverage ratio13.63%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.08%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.11%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$54Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Southern Independent Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.