The Southern Banc Company, Inc. is a bank holding company for The Southern Bank Company (Bank). The Bank is engaged in the business of obtaining funds in the form of various deposit products and investing those funds in mortgage loans or single family real estate, commercial and consumer loans. The Bank's business consists of accepting deposits from the general public through the Bank's main and branch offices, and investing those funds in loans secured by one- to four-family residential properties, commercial and consumer loans located in the Bank's primary market area. The Bank's loan portfolio segments include real estate, commercial, and consumer and other. The Bank's securities available for sale include the United States government agency securities, mortgage-backed securities, corporate bonds, and state and municipal securities. The Bank offers interest and non-interest demand deposits, negotiable order of withdrawal accounts, savings accounts and money market accounts.