First Southern Bank Mortgage Rates, Fees & Info
MARION, ILLEI: 213800K8DDKEL9X4OK57
Tax ID: 37-0399785
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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, Naples, Nashville, North Port, and Mount Vernon among others. We have data for 7 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 an above average pick rate when compared to similar lenders.
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Originations
199Origination Dollar Volume (All Markets)
$29,315,000Top 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) | 166 | $24,540,000 | $147,831 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $2,220,000 | $85,385 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 199 | $29,315,000 | $147,312 | $0 | 0.00% |
For 2022, First Southern Bank's most frequently originated type of loan was Conventional, with 199 originations.
Loan Reason
For 2022, First Southern Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 199 | $29,315,000 | $147,312 | $0 | 0.00% |
For 2022, First Southern Bank's most frequently cited loan duration was Other, with 199 originations.
Loan Sizing
2022 saw First Southern Bank place emphasis on $100,000 or less loans with 95 originations, totaling $5,305,000 in origination value.
Applicant Income
First Southern Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k or less, with 30 originations.
Applicant Debt to Income Ratio
First Southern Bank lent most frequently to those with DTI ratios of <20%, with 30 originations. The next most common DTI ratio? 30-36%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.22%
First Southern Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.96%
First Southern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 199 | $29,315,000 | $147,312 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |