Southern Bank And Trust Company Mortgage Rates, Fees & Info

Mount Olive, NC

LEI: 5493000XJFWT2H46HI07

Tax ID: 56-0132260

5 stars - out of 5 stars, based on 50 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Southern Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Southern Bank And Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Greenville, Virginia Beach, Wilmington, Rocky Mount, and Kill Devil Hills among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern Bank And Trust Company 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. Southern Bank And Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/19/23
    30 Year Conventional Purchase 6.47% 3/19/23
    30 Year Conventional Refi 6.48% 3/19/23
    30 Year Cash-out Refi 6.66% 3/19/23
    30 Year VA Purchase 5.93% 3/19/23
    30 Year VA Refi 5.85% 3/19/23
    30 Year USDA Purchase 6.51% 3/19/23
    15 Year Conventional Purchase 5.88% 3/19/23
    15 Year Conventional Refi 6.00% 3/19/23
    15 Year Cash-out Refi 6.00% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,489

    Origination Dollar Volume (All Markets)

    $596,925,000

    Employee count

    580 Show all (7) awards

    Relative Rate

    Southern Bank And Trust Company's average 30 year fixed mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Southern Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $3,647.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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
    GREENVILLE, NC (FHA|USDA|VA) 359 $73,335,000 $204,276 $3,777 3.09%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 250 $73,180,000 $292,720 $4,446 3.09%
    WILMINGTON, NC (FHA|USDA|VA) 161 $63,015,000 $391,398 $4,296 3.06%
    ROCKY MOUNT, NC (FHA|USDA|VA) 385 $60,355,000 $156,766 $3,598 3.03%
    Kill Devil Hills, NC (FHA|USDA|VA) 184 $59,450,000 $323,098 $4,365 3.07%
    Outside of Metro Areas 291 $47,345,000 $162,698 $4,057 3.01%
    RALEIGH-CARY, NC (FHA|USDA|VA) 143 $39,365,000 $275,280 $4,063 2.96%
    Morehead City, NC (FHA|USDA|VA) 79 $28,425,000 $359,810 $4,758 2.98%
    Elizabeth City, NC (FHA|USDA|VA) 80 $24,580,000 $307,250 $5,839 2.92%
    Washington, NC (FHA|USDA|VA) 118 $22,320,000 $189,153 $3,760 2.99%
    Wilson, NC (FHA|USDA|VA) 99 $17,965,000 $181,465 $3,877 3.07%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 35 $16,765,000 $479,000 $5,025 2.82%
    GOLDSBORO, NC (FHA|USDA|VA) 87 $14,265,000 $163,966 $3,618 2.99%
    Roanoke Rapids, NC (FHA|USDA|VA) 74 $10,200,000 $137,838 $3,146 2.99%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $6,895,000 $6,895,000 $0 3.25%
    NEW BERN, NC (FHA|USDA|VA) 21 $4,995,000 $237,857 $4,451 3.24%
    Kinston, NC (FHA|USDA|VA) 30 $3,920,000 $130,667 $3,480 2.86%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 14 $3,420,000 $244,286 $4,216 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $3,100,000 $775,000 $3,811 2.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,610,000 $652,500 $3,851 3.41%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $2,530,000 $632,500 $7,574 3.30%
    JACKSONVILLE, NC (FHA|USDA|VA) 6 $1,950,000 $325,000 $4,021 3.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,895,000 $210,556 $3,866 3.13%
    Georgetown, SC (FHA|USDA|VA) 2 $1,830,000 $915,000 $8,993 2.75%
    RICHMOND, VA (FHA|USDA|VA) 6 $1,820,000 $303,333 $6,538 3.10%
    Boone, NC (FHA|USDA|VA) 3 $1,805,000 $601,667 $7,027 2.93%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $1,340,000 $335,000 $4,943 3.06%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 6 $1,300,000 $216,667 $4,828 2.75%
    Forest City, NC (FHA|USDA|VA) 2 $810,000 $405,000 $0 3.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $780,000 $195,000 $4,212 3.00%
    BURLINGTON, NC (FHA|USDA|VA) 1 $775,000 $775,000 $11,196 3.00%
    Henderson, NC (FHA|USDA|VA) 3 $645,000 $215,000 $5,390 2.79%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $585,000 $195,000 $2,967 2.92%
    Marion, NC (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.00%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $455,000 $455,000 $0 3.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $0 3.00%
    COLUMBIA, SC (FHA|USDA|VA) 3 $385,000 $128,333 $2,899 3.17%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $330,000 $165,000 $4,820 3.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $260,000 $130,000 $3,332 2.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.25%
    ROANOKE, VA (FHA|USDA|VA) 2 $220,000 $110,000 $3,074 2.81%
    Sanford, NC (FHA|USDA|VA) 2 $210,000 $105,000 $3,095 3.19%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.35%
    Albemarle, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,862 2.88%
    Southern Bank And Trust Company's top markets include Greenville, Virginia Beach, Wilmington, Rocky Mount, and Kill Devil Hills among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Southern Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,652 $481,410,000 $291,410 $4,046 3.03%
    HELOC 802 $105,970,000 $132,132 n/a 3.05%
    VA 29 $8,585,000 $296,034 $6,085 2.51%
    USDA 6 $960,000 $160,000 $3,433 2.65%

    For 2021, Southern Bank And Trust Company's most frequently originated type of loan was Conventional, with 1,652 originations. Their 2nd most popular type was HELOC, with 802 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 905 $305,535,000 $337,608 $4,649 3.12%
    Refi 767 $177,375,000 $231,258 $3,462 2.96%
    Other 470 $54,060,000 $115,021 $0 3.03%
    Cash Out Refi 231 $48,075,000 $208,117 $3,819 2.91%
    Home Improvement 116 $11,880,000 $102,414 $0 3.10%

    For 2021, Southern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 905 originations. The 2nd most popular reason was Refi, with 767 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,149 $175,735,000 $152,946 $3,389 2.93%
    30 Year 748 $207,820,000 $277,834 $3,647 3.06%
    30+ year 178 $80,780,000 $453,820 $7,444 2.75%
    5 Year 114 $19,090,000 $167,456 $0 3.57%
    20 Year 112 $28,480,000 $254,286 $3,568 3.21%
    10 Year 100 $46,520,000 $465,200 $2,993 3.22%
    Other 81 $35,145,000 $433,889 $3,497 3.61%
    3 Year 4 $2,920,000 $730,000 $0 3.25%
    1 Year 3 $435,000 $145,000 $0 3.67%

    For 2021, Southern Bank And Trust Company's most frequently cited loan duration was 15 Year, with 1,149 originations. The 2nd most popular length was 30 Year, with 748 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 578 $160,360,000 $277,439
    $1k-2k 250 $39,810,000 $159,240
    $2k-3k 152 $30,530,000 $200,855
    $3k-4k 129 $36,245,000 $280,969
    $4k-5k 108 $43,310,000 $401,019
    $5k+ 73 $49,395,000 $676,644

    Southern Bank And Trust Company's average total fees were $3,647, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 578 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,301 $296,665,000 $228,028
    3-4% 850 $220,830,000 $259,800
    <2.5% 298 $74,020,000 $248,389
    4-5% 40 $5,410,000 $135,250

    During 2021, Southern Bank And Trust Company's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 725 $41,585,000 $57,359 $2,733 3.09%
    $200k-400k 724 $199,420,000 $275,442 $4,164 2.97%
    $100k-200k 702 $101,890,000 $145,142 $3,222 3.05%
    $400k-600k 198 $95,460,000 $482,121 $5,662 2.97%
    $600k-1MM 90 $68,610,000 $762,333 $6,820 2.95%
    $1MM+ 50 $89,960,000 $1,799,200 $11,128 3.20%

    2021 saw Southern Bank And Trust Company place emphasis on $100,000 or less loans with 725 originations, totaling $41,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 479 $100,125,000 $209,029 $4,270 2.95%
    $50k-75k 391 $55,035,000 $140,754 $3,434 2.99%
    $150k-250k 377 $102,755,000 $272,560 $4,917 2.98%
    $75k-100k 355 $62,715,000 $176,662 $4,124 2.98%
    $250k+ 324 $148,290,000 $457,685 $5,458 2.98%
    $50k or less 260 $27,070,000 $104,115 $2,900 2.99%

    Southern Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 479 originations. The second most popular income band? $50k-75k, with 391 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 625 $125,755,000 $201,208 $3,952 2.91%
    30-36% 383 $79,825,000 $208,420 $3,950 2.95%
    <20% 378 $79,450,000 $210,185 $3,934 2.89%
    36% 75 $18,295,000 $243,933 $4,451 3.01%
    38% 74 $18,220,000 $246,216 $4,323 2.97%
    39% 71 $14,715,000 $207,254 $3,671 2.97%
    42% 70 $20,810,000 $297,286 $4,506 2.98%
    40% 69 $17,825,000 $258,333 $4,020 2.88%
    41% 65 $15,055,000 $231,615 $4,777 2.96%
    37% 59 $11,165,000 $189,237 $3,665 2.97%
    44% 59 $11,705,000 $198,390 $5,274 2.99%
    43% 52 $11,480,000 $220,769 $3,836 3.04%
    45% 37 $9,675,000 $261,486 $4,487 3.01%
    46% 27 $8,535,000 $316,111 $5,052 2.91%
    47% 26 $8,460,000 $325,385 $5,164 2.94%
    49% 22 $6,250,000 $284,091 $4,531 2.91%
    48% 21 $5,275,000 $251,190 $3,877 2.88%
    50-60% 20 $4,210,000 $210,500 $3,301 3.03%
    >60% 5 $945,000 $189,000 $0 3.20%

    Southern Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 625 originations. The next most common DTI ratio? 30-36%, with 383 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,010 $443,650,000 $220,721 $4,043 2.97%
    Not applicable 242 $91,870,000 $379,628 $0 3.60%
    Not provided 85 $25,825,000 $303,824 $4,719 2.80%
    Black 96 $17,970,000 $187,188 $4,352 3.06%
    Asian 27 $9,095,000 $336,852 $3,675 2.79%
    Asian Indian 10 $4,050,000 $405,000 $4,948 3.21%
    Chinese 4 $2,990,000 $747,500 $0 3.91%
    American Indian 10 $1,170,000 $117,000 $3,580 2.76%
    Other Asian 2 $160,000 $80,000 $1,639 2.56%
    Filipino 2 $80,000 $40,000 $0 3.00%
    Japanese 1 $65,000 $65,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    93.15%

    Southern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.92%

    Southern Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,489 $596,925,000 $239,825

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,489 $596,925,000 $239,825

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 390 $55,830,000 $143,154 $3,522 3.01%
    40-60% 429 $103,225,000 $240,618 $3,421 2.95%
    60-80% 834 $242,230,000 $290,444 $4,198 3.09%
    80-100% 519 $174,185,000 $335,617 $4,364 3.03%
    Over 100% 7 $2,515,000 $359,286 $11,454 2.52%
    Under 20% 310 $18,940,000 $61,097 $3,138 3.04%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern Bank and Trust Company 100 Wilson Street Fremont, NC 27830 Full Service B&M $29,677
    Southern Bank and Trust Company 100 North Center Street Mount Olive, NC 28365 Limited, Administrative $0
    Southern Bank and Trust Company 208 South Caswell Street La Grange, NC 28551 Full Service B&M $35,068
    Southern Bank and Trust Company 208 W Jefferson Street Jackson, NC 27845 Full Service B&M $53,303
    Southern Bank and Trust Company 209 Barnes Street Nashville, NC 27856 Full Service B&M $114,069
    Southern Bank and Trust Company 221 Western Ave Suffolk, VA 23434 Full Service B&M $29,270
    Southern Bank and Trust Company 2275 Stantonsburg Road Greenville, NC 27835 Full Service B&M $91,118
    Southern Bank and Trust Company 230 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $56,436
    Southern Bank and Trust Company 2300 Nash Street North Wilson, NC 27896 Full Service B&M $60,934
    Southern Bank and Trust Company 2301 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $26,158
    Southern Bank and Trust Company 2310 South Charles Boulevard Greenville, NC 27858 Full Service B&M $103,307
    Southern Bank and Trust Company 236 3rd St. Ayden, NC 28513 Full Service B&M $30,091
    Southern Bank and Trust Company 2501 E Ash St Goldsboro, NC 27534 Full Service B&M $35,382
    Southern Bank and Trust Company 298 North Fifth Street Aurora, NC 27806 Full Service B&M $27,543
    Southern Bank and Trust Company 4815 Colley Avenue Norfolk, VA 23508 Full Service B&M $59,940
    Southern Bank and Trust Company 506 East Main Street Ahoskie, NC 27910 Full Service B&M $307,737
    Southern Bank and Trust Company 601 Lynnhaven Parkway Virginia Beach, VA 23452 Full Service B&M $212,061
    Southern Bank and Trust Company 612 Washington Street Plymouth, NC 27962 Full Service B&M $46,058
    Southern Bank and Trust Company 6174 Main Street Bailey, NC 27807 Full Service B&M $51,203
    Southern Bank and Trust Company 6752 Rock Spring Road, Suite 100 Wilmington, NC 28405 Full Service B&M $64,686
    Southern Bank and Trust Company 704 Us 64 Manteo, NC 27954 Full Service B&M $86,734
    Southern Bank and Trust Company 800 North Breazeale Avenue Mount Olive, NC 28365 Full Service B&M $248,567
    Southern Bank and Trust Company 810 South Main Street Scotland Neck, NC 27874 Full Service B&M $38,867
    Southern Bank and Trust Company 83 S Bladen Ave Garland, NC 28441 Full Service B&M $17,081
    Southern Bank and Trust Company 127 Main Street Lewiston, NC 27849 Full Service B&M $31,550
    Southern Bank and Trust Company 1304 Greenbrier Pkwy Chesapeake, VA 23320 Full Service B&M $69,992
    Southern Bank and Trust Company 1405 Benvenue Road Rocky Mount, NC 27802 Full Service B&M $92,694
    Southern Bank and Trust Company 148 East Main Street Belhaven, NC 27810 Full Service B&M $70,504
    Southern Bank and Trust Company 1580 East Tenth Street Roanoke Rapids, NC 27870 Full Service B&M $49,940
    Southern Bank and Trust Company 1701 Forest Hills Road West Wilson, NC 27893 Full Service B&M $59,328
    Southern Bank and Trust Company 1756 Laskin Rd Virginia Beach, VA 23454 Full Service B&M $80,478
    Southern Bank and Trust Company 1870 Kempsville Road Virginia Beach, VA 23464 Full Service B&M $32,166
    Southern Bank and Trust Company 1875 West City Drive Elizabeth City, NC 27909 Full Service B&M $33,614
    Southern Bank and Trust Company 1916 Tulls Mill Rd. Deep Run, NC 28525 Full Service B&M $12,287
    Southern Bank and Trust Company 202 South Croatan Highway Kill Devil Hills, NC 27948 Full Service B&M $94,105
    Southern Bank and Trust Company 203 North Main Street Gatesville, NC 27938 Full Service B&M $40,086
    Southern Bank and Trust Company 3201 Glenwood Ave, Suite 101 Raleigh, NC 27612 Full Service B&M $50,078
    Southern Bank and Trust Company 3343 Western Branch Blvd Chesapeake, VA 23321 Full Service B&M $20,359
    Southern Bank and Trust Company 336 East Main Street Murfreesboro, NC 27855 Full Service B&M $67,358
    Southern Bank and Trust Company 3690 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $141,275
    Southern Bank and Trust Company 3720 Virginia Beach Blvd Virginia Beach, VA 23452 Full Service B&M $50,348
    Southern Bank and Trust Company 3920 South Hathaway Blvd. Sharpsburg, NC 27878 Full Service B&M $39,538
    Southern Bank and Trust Company 403 Boush Street Norfolk, VA 23510 Full Service B&M $130,892
    Southern Bank and Trust Company 416 South Main Street Kenansville, NC 28349 Full Service B&M $64,406
    Southern Bank and Trust Company 4217 East Church Street Farmville, NC 27828 Full Service B&M $34,992
    Southern Bank and Trust Company 422 Main Street Tarboro, NC 27886 Full Service B&M $30,302
    Southern Bank and Trust Company 4259 Winterville Parkway Winterville, NC 28590 Full Service B&M $52,636
    Southern Bank and Trust Company 4804 N. Croatan Hwy Kitty Hawk, NC 27949 Full Service B&M $34,783
    Southern Bank and Trust Company 1008 Sunset Avenue Clinton, NC 28328 Full Service B&M $46,553
    Southern Bank and Trust Company 101 North King Street Windsor, NC 27983 Full Service B&M $80,538
    Southern Bank and Trust Company 101 Queen Street Edenton, NC 27932 Full Service B&M $75,356
    Southern Bank and Trust Company 101 West Second Street Kenly, NC 27542 Full Service B&M $26,731
    Southern Bank and Trust Company 102 East Hamlet Street Pinetops, NC 27864 Full Service B&M $24,538
    Southern Bank and Trust Company 102 North Main Street Salemburg, NC 28385 Full Service B&M $21,027
    Southern Bank and Trust Company 107 South Fairview Road Rocky Mount, NC 27801 Full Service B&M $18,783
    Southern Bank and Trust Company 109 Peedin Avenue Pine Level, NC 27568 Full Service B&M $22,288
    Southern Bank and Trust Company 111 North Main Street Robersonville, NC 27871 Full Service B&M $39,028
    Southern Bank and Trust Company 114 North Pine Street Warsaw, NC 28398 Full Service B&M $69,199
    Southern Bank and Trust Company 11438 East Finch Avenue Middlesex, NC 27557 Full Service B&M $31,375
    Southern Bank and Trust Company 1217 Cedar Road Chesapeake, VA 23322 Full Service B&M $21,095

    For 2021, Southern Bank And Trust Company had 60 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $121,078
    Net interest income $118,756
    Total noninterest income $30,386
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,355
    Trading account gains and fees $0
    Additional Noninterest Income $22,031
    Pre-tax net operating income $61,923
    Securities gains (or losses, -) $9,058
    Income before extraordinary items $58,068
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $58,068
    Minority interest net income $0
    Net income $58,068
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $50,640

    Southern Bank And Trust Company's gross interest income from loans was $121,078,000.
    Southern Bank And Trust Company's net interest income from loans was $118,756,000.
    Southern Bank And Trust Company's fee based income from loans was $8,355,000.
    Southern Bank And Trust Company's net income from loans was $58,068,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,322
    Provision for credit losses $-815
    Total noninterest expense $88,034
    Salaries and employee benefits $54,328
    Premises and equipment expense $11,788
    Additional noninterest expense $21,918
    Applicable income taxes $12,913
    Net charge-offs $26
    Cash dividends $5,550

    Southern Bank And Trust Company's interest expense for loans was $2,322,000.
    Southern Bank And Trust Company's payroll and benefits expense were $54,328,000.
    Southern Bank And Trust Company's property, plant and equipment expenses $11,788,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $3,942,603
    Deposits held in domestic offices $3,942,603
    Deposits by Individuals, partnerships, and corporations $3,378,035
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $563,078
    Deposits by Commercial banks and other depository institutions in U.S. $1,490
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,528,558
    Demand deposits $1,499,825
    Nontransaction accounts $1,414,045
    Money market deposit accounts (MMDAs) $839,653
    Other savings deposits (excluding MMDAs) $296,066
    Total time deposits $278,326
    Total time and savings deposits $2,442,778
    Noninterest-bearing deposits $1,414,544
    Interest-bearing deposits $2,528,059
    Retail deposits $3,863,639
    IRAs and Keogh plan accounts $49,445
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,415,924
    Cash & Balances due from depository institutions $181,622
    Interest-bearing balances $146,516
    Total securities $1,647,191
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,413,040
    Loan and leases loss allowance $29,309
    Trading account assets $0
    Bank premises and fixed assets $69,447
    Other real estate owned $86
    Goodwill and other intangibles $33,074
    All other assets $71,464

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,415,924
    Total Liabilities $4,028,765
    Total deposits $3,942,603
    Interest-bearing deposits $2,528,059
    Deposits held in domestic offices $3,942,603
    % insured (estimated) $46
    Federal funds purchased and repurchase agreements $63,670
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $22,492

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,413,040
    Loan and leases loss allowance $29,309
    Total loans and leases (domestic) $2,442,349
    All real estate loans $2,068,089
    Real estate loans in domestic offices $2,068,089
    Construction and development loans $167,672
    Residential 1-4 family construction $38,267
    Other construction, all land development and other land $129,405
    Loans secured by nonfarm nonresidential properties $956,735
    Nonfarm nonresidential secured by owner-occupied properties $551,039
    Commercial real estate & other non-farm, non-residential $405,696
    Multifamily residential real estate $92,200
    1-4 family residential loans $702,881
    Farmland loans $148,601
    Loans held in foreign offices $0
    Farm loans $73,520
    Commercial and industrial loans $257,054
    To non-U.S. addressees $0
    Loans to individuals $26,456
    Credit card loans $0
    Related Plans $5,789
    Consumer Auto Loans $6,590
    Other loans to individuals $14,077
    All other loans & leases $17,230
    Loans to foreign governments and official institutions $0
    Other loans $367
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $13,501
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,781
    Non 1-4 family restructured loans & leases $1,389
    Total loans and leases (foreign) $0

    Southern Bank and Trust Company had $2,413,040,000 of loans outstanding in 2021. $2,068,089,000 of loans were in real estate loans. $167,672,000 of loans were in development loans. $92,200,000 of loans were in multifamily mortgage loans. $702,881,000 of loans were in 1-4 family mortgage loans. $73,520,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,590,000 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 1,714 $406,694 $237,278
    Nonfarm, nonresidential loans - <$100k 382 $15,825 $41,427
    Nonfarm, nonresidential loans - $100-250k 489 $59,237 $121,139
    Nonfarm, nonresidential loans - $250k-1MM 843 $331,632 $393,395
    Commercial & Industrial, US addressed loans - <$1MM 2,478 $195,947 $79,075
    Commercial & Industrial, US addressed loans - <$100k 1,696 $38,341 $22,607
    Commercial & Industrial, US addressed loans - $100-250k 428 $46,339 $108,269
    Commercial & Industrial, US addressed loans - $250k-1MM 354 $111,267 $314,314
    Farmland loans - <$1MM 606 $94,532 $155,993
    Farmland loans - <$100k 214 $8,456 $39,514
    Farmland loans - $100-250k 198 $21,868 $110,444
    Farmland loans - $250k-1MM 194 $64,208 $330,969
    Agriculture operations loans - <$1MM 374 $47,962 $128,241
    Agriculture operations loans - <$100k 201 $5,785 $28,781
    Agriculture operations loans - $100-250k 66 $6,215 $94,167
    Agriculture operations loans - $250k-1MM 107 $35,962 $336,093