Southern Bank
Southern Bank (Southern Missouri Bancorp, NASDAQ: SMBC) is a publicly traded regional bank holding company operating 65 branches across Missouri, Arkansas, Illinois, and Kansas, serving retail consumers, small/mid-sized businesses, agricultural borrowers, and public entities with deposits, commercial and consumer lending, wealth management, and digital banking services.
- Company typePublic
- Founded1887
- HeadquartersPoplar Bluff, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Southern Bank does
Southern Bank is the operating brand of Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), a publicly traded regional bank holding company headquartered in Poplar Bluff, Missouri, founded in 1887. The bank provides retail and commercial banking services across a four-state footprint in Missouri, Arkansas, Illinois, and Kansas, operating approximately 65 physical branches complemented by Interactive Teller Machines (ITMs) at 32+ locations that extend service hours to 7am-7pm via live video tellers. As of March 31, 2026, the company reported $5.1 billion in total assets, with a net interest margin of 3.67% in Q3 fiscal 2026, up from 3.44% a year earlier.
The product portfolio is organized into four pillars: Personal Banking (checking, savings, money market, CDs, high-yield savings, mortgages, consumer loans); Business Banking (commercial lending, agricultural loans, SBA/USDA/RDA loans, working capital, business real estate, equipment financing, public entity banking); Digital Banking (online and mobile platforms, remote deposit capture, banking tools, security infrastructure); and Southern Wealth & Insurance (financial advisory, trust services, and insurance products). Core technology infrastructure is delivered through third-party platforms including FundsXpress for online banking, Fisglobal for trust portfolio management, Elan Financial Services for credit card issuance, Clover for merchant services, and Zelle for small-business payments. No proprietary AI/ML capabilities or public APIs are disclosed.
The business model is conventional commercial banking: net interest income from loan and deposit activity is the primary revenue driver, supplemented by non-interest fee income from deposit accounts, loan origination, merchant services, and wealth/insurance products. The go-to-market motion is relationship-based, emphasizing local decision-making authority and hometown service as differentiators against larger national banks. Customer segments are horizontally diversified across retail consumers, small/mid-sized businesses, agricultural borrowers, and public entities, with no disclosed enterprise concentration. Distribution is branch-led with field-based loan officers, supported by self-serve digital channels. The company has paid 128 consecutive quarterly dividends and raised the dividend for 14 straight years, signaling stable profitability and disciplined capital management.
Southern Bank firmographics
Firmographics- Name
- Southern Bank
- Legal name
- Southern Missouri Bancorp, Inc.
- Website
- https://bankwithsouthern.com
- Company type
- Public
- Founded year
- 1887
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Southern Bank (Southern Missouri Bancorp, NASDAQ: SMBC) is a publicly traded regional bank holding company operating 65 branches across Missouri, Arkansas, Illinois, and Kansas, serving retail consumers, small/mid-sized businesses, agricultural borrowers, and public entities with deposits, commercial and consumer lending, wealth management, and digital banking services.
- Ownership category
- akta.pro rank
Southern Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022), National Commercial Banks (6021)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
- akta.pro secondary industry
- Agricultural & Rural Development Banks (FSABAKAE)
Keywords
Where Southern Bank is headquartered
LocationHeadquarters
- HQ city
- Poplar Bluff
- HQ country
- United States
- HQ region
- North America
Offices15 records
Markets served
Southern Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loan portfolio including commercial, mortgage, agricultural, and consumer loans, offset by interest paid on deposits. Net interest margin expanded to 3.67% in Q3 2026 from 3.44% year-over-year.
- Non-Interest Income: Fee income from banking services including account fees, loan origination fees, merchant services, and other banking service charges.
- Dividend Income: Southern Missouri Bancorp declared quarterly cash dividend of $0.25 per common share, marking its 128th consecutive quarterly dividend, demonstrating consistent profitability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Banking products offered include checking accounts, savings accounts, money market accounts, CDs, credit cards, and various loan products with rates determined by individual assessment. |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Southern Bank product offering
Product offeringCore offering
Southern Bank is a regional community bank offering retail and commercial deposit products, consumer and commercial lending, agricultural financing, cash management, and wealth and trust services through approximately 65 branches plus ITMs and digital channels across Missouri, Arkansas, Illinois, and Kansas. Core revenue is driven by net interest income on a diversified loan portfolio — commercial, mortgage, agricultural, and consumer — supplemented by service fees on deposits, treasury, and merchant services.
Product overview
Southern Bank (the banking subsidiary of Southern Missouri Bancorp) operates a multi-channel retail and commercial banking platform offering deposit products, lending services, and wealth management solutions across Missouri, Arkansas, Illinois, and Kansas. The product portfolio consists of a unified banking platform organized into four main pillars: (1) Personal Banking covering deposit accounts (Checking, Savings, Money Market, CDs, High Yield Savings), credit cards, and consumer lending (mortgage, refinance, home equity, auto/RV/boat loans, deposit-secured loans); (2) Business Banking encompassing business checking, business credit cards, cash management, merchant services (Clover), and a full suite of commercial financing including agricultural loans, SBA/RDA loans, working capital loans, business real estate, equipment loans, and public entity banking; (3) Digital Banking modules including Online Banking, Mobile Banking, Innovations, Security & Technology, Banking Tools, Interactive Teller Machines (ITM), and Remote Deposit Capture; and (4) Southern Wealth & Insurance providing Southern Financial Advisors, Southern Wealth & Trust, and Southern Insurance services. The bank also integrates Zelle for small business payments and operates a network of approximately 65 branch locations and ITM terminals across its four-state footprint.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts Personal checking account products including standard checking with Mastercard debit card access, with digital and branch-based account management.
- Savings Accounts Personal savings deposit accounts including standard savings and a High Yield Savings Account option for individuals seeking higher returns on liquid deposits.
- Money Market Accounts Interest-bearing deposit accounts that blend checking and savings features with tiered interest rates based on balance.
- Certificates of Deposit (CDs) Term deposit accounts offering fixed interest rates with guaranteed returns over a specified maturity period.
- Credit Cards Consumer credit card products issued in partnership with Elan Financial Services, available for personal use with card management through the Elan portal.
- Mortgage Loans Home purchase financing with fixed and adjustable rate options, including conventional and government-backed loan programs.
- Refinance Loans Home loan refinance products allowing existing mortgage holders to replace their current loan with a new one, potentially at better rates or terms.
- Home Equity Loans and Lines of Credit Home equity loans and lines of credit that allow homeowners to borrow against accumulated equity in their property.
- Auto, ATV, RV, and Boat Loans Secured consumer installment loans for the purchase of vehicles and recreational equipment, with the asset serving as collateral.
- Deposit Secured Loans Loans secured by the borrower's existing deposit account, allowing access to funds without liquidating savings while typically offering lower interest rates.
- Business Checking Accounts Deposit accounts designed for business use, offering transaction capabilities, cash management features, and integration with business services.
- Business Credit Cards Corporate credit card products for business expenses, issued in partnership with Elan Financial Services, with expense management and rewards features.
- Cash Management Services A suite of business banking services including account management, fraud protection, and liquidity tools designed to help businesses manage their finances efficiently.
- Remote Deposit Capture Electronic check deposit service allowing business customers to scan and submit checks remotely for deposit without visiting a branch.
- Clover Merchant Services Point-of-sale payment processing and merchant services for business clients, enabling card transaction acceptance and sales tracking through the Clover platform.
- Agricultural Loans Specialized financing for agricultural operations including farm land, equipment, operating capital, and livestock, tailored to the seasonal cash flows of farming.
- Small Business, USDA and RDA Loans Government-backed and conventional small business financing options including USDA rural development loans and RDA programs for qualifying businesses.
- Working Capital Loans Short-to-medium-term financing to support a business's daily operations, covering expenses such as inventory, payroll, and receivables gaps.
- Commercial Real Estate Loans Commercial real estate financing for the purchase, construction, or refinancing of business properties including office, retail, and industrial spaces.
- Equipment Loans Financing solutions for the acquisition of business equipment, machinery, or vehicles, with the equipment typically serving as collateral.
- Public Entity Banking Banking services tailored for government entities, municipalities, and public institutions, including specialized deposit and lending products.
- Interactive Teller Machines (ITM) Video teller machines enabling face-to-face banking transactions via live video chat during extended hours, combining ATM functionality with human teller assistance through drive-thru terminals.
- Southern Financial Advisors Investment and financial planning advisory services provided through Southern Bank's wealth management division.
- Southern Wealth & Trust Trust services including estate planning, trust administration, and asset management for high-net-worth customers.
- Southern Insurance Insurance products and services offered through the Southern Bank wealth and insurance platform, including coverage for individuals and businesses.
Quantifiable outcome
- Net interest margin expanded to 3.67% in Q3 2026
- +2 more outcomes
Companies that use Southern Bank
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Southern Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature3 records
Southern Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Citizens Bancshares Co.coreSouthern Missouri Bancorp acquired Citizens Bancshares Co. in September 2022 through a stock and cash transaction. The combined entity operates 65 locations across Missouri, Arkansas, Illinois, and Kansas with approximately $4.5 billion in assets post-merger. This acquisition enhanced market presence and shareholder value in the region.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Southern Bank competitors and assessment
Company assessmentDirect peers
- Stock Yards Bancorp: NASDAQ-listed (SYBT) Kentucky-based community bank holding company of similar asset size, with a comparable commercial banking focus and consistent dividend track record. Strong operational comparable for capital efficiency.
- West Bancorporation: NASDAQ-listed (WTBA) Iowa-based community bank holding company of similar asset size with a comparable Midwest retail and commercial banking franchise. Useful size and product-mix comparable.
- MidWestOne Financial Group: NASDAQ-listed (MOFG) Iowa and Minnesota-based community bank holding company of comparable size with a similar Midwest commercial and retail banking profile. Useful peer for asset quality and NIM benchmarking.
- QCR Holdings: NASDAQ-listed (QCRH) community bank holding company headquartered in the Quad Cities with a comparable Midwestern multi-state banking footprint and similar asset size range. Directly comparable operational and NIM profile.
- Equity Bancshares: NYSE-listed (EQBK) Kansas-rooted community bank holding company with comparable asset size and a similar multi-state Midwest/South-Central commercial banking franchise. Highly comparable growth-by-acquisition profile.
- German American Bancorp: NASDAQ-listed (GABC) Indiana-based community bank holding company with a comparable Midwest banking footprint, similar asset size, and a comparable mix of retail and commercial lending.
- Great Southern Bancorp: NASDAQ-listed Missouri-based community bank holding company (GSBC) with a very similar footprint and business mix to Southern Bank, including retail/commercial banking across the Midwest. Closest direct comparable by state and size.
- First Bancorp: NASDAQ-listed (FBNC) North Carolina-based community bank holding company of similar size; directly comparable as a regional community bank with growth-by-acquisition strategy and similar NIM-focused earnings model.
Broad incumbents
- Commerce Bancshares: NASDAQ-listed (CBSH) Missouri-headquartered super-regional bank holding company with materially larger scale (~$30B+ assets) operating in the same core Missouri and Kansas City markets. Direct in-market competitor for mid-market and commercial relationships.
- UMB Financial Corporation: NASDAQ-listed (UMBF) Kansas City-based bank holding company (~$40B+ assets) with a comparable commercial banking, treasury, and asset management franchise. Direct in-market competitor with substantially greater commercial banking capability.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Southern Bank social profiles
Digital presenceSouthern Bank compliance and trust
Trust signalCompliance3 records
Southern Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southern Bank leadership team
Management profileNumber of profiles
Profiles8 records
Southern Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southern Bank M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Southern Bank
What does Southern Bank do?
Southern Bank is a regional community bank offering retail and commercial deposit products, consumer and commercial lending, agricultural financing, cash management, and wealth and trust services through approximately 65 branches plus ITMs and digital channels across Missouri, Arkansas, Illinois, and Kansas. Core revenue is driven by net interest income on a diversified loan portfolio — commercial, mortgage, agricultural, and consumer — supplemented by service fees on deposits, treasury, and merchant services.
Is Southern Bank a public or private company?
Southern Bank is a public company. It is classified as public and is currently operating.
When was Southern Bank founded?
Southern Bank was founded in 1887. It employs 251 to 500 people.
Where is Southern Bank based?
Southern Bank is headquartered in Poplar Bluff, United States, in the North America region.
How does Southern Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income and dividend Income.
Who are Southern Bank's main competitors?
Direct peers on record are Stock Yards Bancorp, West Bancorporation, MidWestOne Financial Group, QCR Holdings, Equity Bancshares, German American Bancorp, Great Southern Bancorp and First Bancorp. Broad incumbents are Commerce Bancshares and UMB Financial Corporation.
Does Southern Bank have an API?
No public API is recorded for Southern Bank.
What industry is Southern Bank in?
Southern Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSABAKAE, Agricultural & Rural Development Banks. Its NAICS code is 52211 and its SIC code is 6022.