ESOP · DOL Form 5500 · 2022

Southern Community Bancshares, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
8
Participants Small participant base
42nd
Percentile by assets National rank
$399,830
Avg per participant High balance/head
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Official DOL plan name: Southern Community Bancshares, Inc. ESOP · Sponsored by Southern Community Bancshares, Inc. · Alabama · Finance & Insurance

$3M in assets, 8 participants

Southern Community Bancshares, Inc.'s Southern Community Bancshares, Inc. ESOP reported $3M in total assets and 8 participants in its 2022 DOL Form 5500 filing, ranking in the 42nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,624 in Finance & Insurance (9,261 peers)

What the 2022 filing shows

Southern Community Bancshares, Inc. ESOP holds $3M for 8 participants - about $399,830 per participant, in the lower half of filed plans by assets.

#2,624
in Finance & Insurance (9,261 peers)
-4.9%
assets change YoY

The plan reported a net loss of $164K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Community Bancshares, Inc. ESOP's mid-pack asset rank among Finance & Insurance and all filers

Southern Community Bancshares, Inc. ESOP vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$3,198,640 42nd percentile higher than 42% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Southern Community Bancshares, Inc. ESOP among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southern Community Bancshares, Inc. ESOP is a micro filing (8 participants), the leftmost band.

Form 5500 schedule snapshot

Filing strip 631176408 · Southern Community Bancshares, Inc. PY 2022 · ESOP

Southern Community Bancshares, Inc. ESOP · $3M · 8 · 42nd

  • PART $3M
  • PART 8
  • PART 42nd
  • PART ESOP
  • PART near Rice Services, Inc. Employee Stock Ownership Plan
  • PART ind #2624

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Alabama →

Southern Community Bancshares, Inc. ESOP in the asset neighbourhood

Southern Community Bancshares, Inc. ESOPSouthern Community Bancshare…$3MRice Services, Inc. Employee Stock Ownership PlanRice Services, Inc. Employee…$3MRapid Response, Inc. Employee Stock Ownership PlanRapid Response, Inc. Employe…$3MFirst Robinson Financial Corporation Employee Stock Ownership PlanFirst Robinson Financial Cor…$3MThe Cadle Company Inc., II ESOPThe Cadle Company Inc., II E…$3M
End-of-year total assets ($M) among Southern Community Bancshares, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Filing particulars (2022)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$164K
Employer EIN631176408
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Community Bancshares, Inc.)

Sponsor-wide plan assets over time

All Southern Community Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 8.34098241752745% vs 2022
2024 filing year
$2M$2.5M$3M$3.5M$4M 202220232024 $3.2M $3.47M ▲ +8.4%
Year Plans Participants Total Assets
2022 1 8 $3M
2023 1 3 $2M
2024 1 2 $3M

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

Southern Community Bancshares, Inc. ESOP vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -1000100200300400500 Total assets ($M) Participants Southern Community Bancshares, Inc. ESOP, Total assets ($M): 3.19864 · Participants: 8Southern Community Bancshares, Inc. ESOPStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 163.711693 · Participants: 231Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 126.162 · Participants: 130Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 120.092479 · Participants: 853Radiance Technologies, Inc. Employee Stock Ownership Plan
Southern Community Bancshares, Inc. ESOP vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Southern Community Bancshares, Inc. ESOP side-by-side with 3 peers →

Southern Community Bancshares, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is Rice Services, Inc. Employee Stock Ownership Plan in CA ($3M); by covered participants it is Ament, Inc. Employee Stock Ownership Plan in IA (8 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (8 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southern Community Bancshares, Inc. ESOP assets move in 2022? ▼
Southern Community Bancshares, Inc. ESOP edged down modestly - down 4.9% during 2022, from $3M to $3M. Reported net income was -$164K.
How have Southern Community Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Community Bancshares, Inc.'s sponsor-wide assets grew 8.3%, from $3M to $3M.
Which ESOP plans are similar in size to Southern Community Bancshares, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Rice Services, Inc. Employee Stock Ownership Plan in CA ($3M, 402 participants).
Which ESOP plans cover a similar participant headcount to Southern Community Bancshares, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Ament, Inc. Employee Stock Ownership Plan in IA (8 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 631176408.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.