Southern Bancorp Bank of Arkadelphia is developing a full-service branch at 1017 U.S. Highway 270E in Mount Ida.
The move by the $1.4 billion-asset lender will expand its limited-operations presence in the $105.3 million-deposit market.
Since acquiring Little Rock’s Bear State Bank last April, Arvest Bank holds a dominant 65.9 percent of Montgomery County deposits totaling $69.4 million.
The remaining 34.1 percent totaling $35.9 million resides with Diamond Bank of Murfreesboro.
Southern Bancorp Bank, Arkadelphia
Staff: 349
Full-Service Locations: 37 in Arkansas and Mississippi
(All dollars in thousands)
| Total Assets | Equity Capital | Net Income | |
| 2018 | $1,387,751 | $152,377 | $12,760 |
| 2017 | $1,235,070 | $141,217 | $11,056 |
| 2016 | $1,149,088 | $129,981 | $10,143 |
| 2015 | $1,185,130 | $142,755 | $9,818 |
| 2014 | $1,172,557 | $136,033 | $11,524 |
| 2013 | $1,150,854 | $119,566 | $9,513 |
| 2012 | $1,117,585 | $122,551 | $10,822 |
| 2011 | $1,147,058 | $119,129 | $7,983 |
| 2010* | $1,078,662 | $111,098 | $9,061 |
| 2009** | $709,743 | $62,287 | $4,750 |
| 2008 | $201,285 | $18,689 | $1,966 |