First Southern Bank Mortgage Rates, Fees & Info
MARION, ILLEI: 213800K8DDKEL9X4OK57
Tax ID: 37-0399785
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Bank Data
Review & Overview
First Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. First Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Chicago, St. Louis, Springfield, and Champaign among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)First Southern Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
415Origination Dollar Volume (All Markets)
$35,565,000Employee count
147Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 182 | $21,310,000 | $117,088 | $0 | 0.00% |
| Outside of Metro Areas | 77 | $6,715,000 | $87,208 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 18 | $890,000 | $49,444 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $625,000 | $41,667 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 12 | $620,000 | $51,667 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 9 | $525,000 | $58,333 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 9 | $385,000 | $42,778 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 5 | $245,000 | $49,000 | $0 | 0.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 6 | $220,000 | $36,667 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $135,000 | $19,286 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $120,000 | $30,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Effingham, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 415 | $35,565,000 | $85,699 | $0 | 0.00% |
For 2019, First Southern Bank's most frequently originated type of loan was Conventional, with 415 originations.
Loan Reason
For 2019, First Southern Bank's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Refi, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 415 | $35,565,000 | $85,699 | $0 | 0.00% |
For 2019, First Southern Bank's most frequently cited loan duration was Other, with 415 originations.
Loan Sizing
2019 saw First Southern Bank place emphasis on $100,000 or less loans with 308 originations, totaling $14,680,000 in origination value.
Applicant Income
First Southern Bank lent most frequently to those with incomes in the $50k or less range, with 133 originations. The second most popular income band? $50k-75k, with 104 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 415 | $35,565,000 | $85,699 | $0 | 0.00% |
First Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 415 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.66%
First Southern Bank has an average approval rate.
Pick Rate
Approvals leading to origination21.93%
First Southern Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 415 | $35,565,000 | $85,699 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Southern Bank | 102 Airway Drive Marion, IL 62959 | Full Service B&M | $15,630 |
| First Southern Bank | 1023 Fourth Street Eldorado, IL 62930 | Full Service B&M | $44,611 |
| First Southern Bank | 109 East Walnut Street Murphysboro, IL 62966 | Full Service B&M | $15,522 |
| First Southern Bank | 111 Municipal Drive Carterville, IL 62918 | Full Service B&M | $1,628 |
| First Southern Bank | 114 West Monroe Street Herrin, IL 62948 | Full Service B&M | $74,731 |
| First Southern Bank | 1303 Marathon Drive Marion, IL 62959 | Full Service B&M | $30,283 |
| First Southern Bank | 2 South Main Street Carrier Mills, IL 62917 | Full Service B&M | $28,709 |
| First Southern Bank | 201 W. Blue Avenue Creal Springs, IL 62922 | Full Service B&M | $8,358 |
| First Southern Bank | 204 South Main Street Royalton, IL 62983 | Full Service B&M | $10,854 |
| First Southern Bank | 2500 West Murphysboro Road Carbondale, IL 62901 | Full Service B&M | $55,899 |
| First Southern Bank | 300 Tower Square Marion, IL 62959 | Limited, Mobile/Seasonal Office | $271 |
| First Southern Bank | 300 Tower Square Marion, IL 62959 | Full Service B&M | $86,074 |
| First Southern Bank | 301 East Main Street Carbondale, IL 62901 | Full Service B&M | $114,566 |
| First Southern Bank | 409 North Court Street Marion, IL 62959 | Limited, Drive-thru | $1,574 |
| First Southern Bank | 628 Front Street Grand Tower, IL 62942 | Full Service B&M | $8,629 |
| First Southern Bank | 801 North Carbon Street Marion, IL 62959 | Full Service B&M | $45,371 |
For 2019, First Southern Bank had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $29,262 |
| Net interest income | $24,647 |
| Total noninterest income | $3,495 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $992 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,503 |
| Pre-tax net operating income | $12,244 |
| Securities gains (or losses, -) | $-75 |
| Income before extraordinary items | $9,221 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,221 |
| Minority interest net income | $0 |
| Net income | $9,221 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,280 |
First Southern Bank's gross interest income from loans was $29,262,000.
First Southern Bank's net interest income from loans was $24,647,000.
First Southern Bank's fee based income from loans was $992,000.
First Southern Bank's net income from loans was $9,221,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,615 |
| Provision for credit losses | $630 |
| Total noninterest expense | $15,268 |
| Salaries and employee benefits | $8,891 |
| Premises and equipment expense | $1,973 |
| Additional noninterest expense | $4,404 |
| Applicable income taxes | $2,948 |
| Net charge-offs | $740 |
| Cash dividends | $11,958 |
First Southern Bank's interest expense for loans was $4,615,000.
First Southern Bank's payroll and benefits expense were $8,891,000.
First Southern Bank's property, plant and equipment expenses $1,973,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 3.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 3.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $540,836 |
| Deposits held in domestic offices | $540,836 |
| Deposits by Individuals, partnerships, and corporations | $421,179 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $82,006 |
| Deposits by Commercial banks and other depository institutions in U.S. | $37,651 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $58,826 |
| Demand deposits | $40,719 |
| Nontransaction accounts | $482,010 |
| Money market deposit accounts (MMDAs) | $17,940 |
| Other savings deposits (excluding MMDAs) | $324,484 |
| Total time deposits | $139,586 |
| Total time and savings deposits | $500,117 |
| Noninterest-bearing deposits | $40,719 |
| Interest-bearing deposits | $500,117 |
| Retail deposits | $526,634 |
| IRAs and Keogh plan accounts | $9,801 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $682,935 |
| Cash & Balances due from depository institutions | $12,874 |
| Interest-bearing balances | $247 |
| Total securities | $160,127 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $476,311 |
| Loan and leases loss allowance | $3,355 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,482 |
| Other real estate owned | $907 |
| Goodwill and other intangibles | $12,391 |
| All other assets | $10,843 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $682,935 |
| Total Liabilities | $585,418 |
| Total deposits | $540,836 |
| Interest-bearing deposits | $500,117 |
| Deposits held in domestic offices | $540,836 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $19,196 |
| Trading liabilities | $0 |
| Other borrowed funds | $17,525 |
| Subordinated debt | $0 |
| All other liabilities | $7,861 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $476,311 |
| Loan and leases loss allowance | $3,355 |
| Total loans and leases (domestic) | $479,666 |
| All real estate loans | $371,179 |
| Real estate loans in domestic offices | $371,179 |
| Construction and development loans | $43,049 |
| Residential 1-4 family construction | $6,288 |
| Other construction, all land development and other land | $36,761 |
| Loans secured by nonfarm nonresidential properties | $177,499 |
| Nonfarm nonresidential secured by owner-occupied properties | $79,780 |
| Commercial real estate & other non-farm, non-residential | $97,719 |
| Multifamily residential real estate | $29,716 |
| 1-4 family residential loans | $107,605 |
| Farmland loans | $13,310 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,329 |
| Commercial and industrial loans | $52,489 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $51,360 |
| Credit card loans | $0 |
| Related Plans | $152 |
| Consumer Auto Loans | $1,368 |
| Other loans to individuals | $49,840 |
| All other loans & leases | $3,309 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,225 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,537 |
| Non 1-4 family restructured loans & leases | $1,537 |
| Total loans and leases (foreign) | $0 |
FIRST SOUTHERN BANK had $476,311,000 of loans outstanding in 2019. $371,179,000 of loans were in real estate loans. $43,049,000 of loans were in development loans. $29,716,000 of loans were in multifamily mortgage loans. $107,605,000 of loans were in 1-4 family mortgage loans. $1,329,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,368,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 384 | $56,913 | $148,211 |
| Nonfarm, nonresidential loans - <$100k | 158 | $8,477 | $53,652 |
| Nonfarm, nonresidential loans - $100-250k | 116 | $12,478 | $107,569 |
| Nonfarm, nonresidential loans - $250k-1MM | 110 | $35,958 | $326,891 |
| Commercial & Industrial, US addressed loans - <$1MM | 425 | $23,886 | $56,202 |
| Commercial & Industrial, US addressed loans - <$100k | 307 | $7,235 | $23,567 |
| Commercial & Industrial, US addressed loans - $100-250k | 58 | $4,896 | $84,414 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 60 | $11,755 | $195,917 |
| Farmland loans - <$1MM | 56 | $6,283 | $112,196 |
| Farmland loans - <$100k | 39 | $1,745 | $44,744 |
| Farmland loans - $100-250k | 10 | $2,002 | $200,200 |
| Farmland loans - $250k-1MM | 7 | $2,536 | $362,286 |
| Agriculture operations loans - <$1MM | 10 | $829 | $82,900 |
| Agriculture operations loans - <$100k | 8 | $214 | $26,750 |
| Agriculture operations loans - $100-250k | 1 | $200 | $200,000 |
| Agriculture operations loans - $250k-1MM | 1 | $415 | $415,000 |