Southern Bank And Trust Company Mortgage Rates, Fees & Info

Mount Olive, NC

LEI: 5493000XJFWT2H46HI07

Tax ID: 56-0132260

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Southern Bank And Trust Company is a smaller bank specializing in Home Purchase 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: Virginia Beach, Kill Devil Hills, Greenville, Rocky Mount, and Raleigh among others. We have data for 29 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 a low 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/19/24
    30 Year Conventional Purchase 6.49% 4/19/24
    30 Year Conventional Refi 6.57% 4/19/24
    30 Year Cash-out Refi 6.65% 4/19/24
    30 Year VA Purchase 5.88% 4/19/24
    30 Year USDA Purchase 6.31% 4/19/24
    15 Year Conventional Purchase 5.96% 4/19/24
    15 Year Conventional Refi 6.09% 4/19/24
    15 Year Cash-out Refi 6.09% 4/19/24
    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.

    Southern Bank And Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Southern Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,149

    Origination Dollar Volume (All Markets)

    $193,175,000

    Employee count

    564 Show all (5) awards

    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
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 137 $34,595,000 $252,518 $3,964 4.63%
    Kill Devil Hills, NC (FHA|USDA|VA) 112 $25,070,000 $223,839 $3,587 4.64%
    GREENVILLE, NC (FHA|USDA|VA) 157 $24,945,000 $158,885 $3,467 4.67%
    ROCKY MOUNT, NC (FHA|USDA|VA) 191 $21,935,000 $114,843 $3,287 4.62%
    Outside of Metro Areas 174 $20,270,000 $116,494 $3,306 4.65%
    RALEIGH-CARY, NC (FHA|USDA|VA) 53 $12,635,000 $238,396 $3,829 4.48%
    WILMINGTON, NC (FHA|USDA|VA) 27 $10,835,000 $401,296 $6,701 4.51%
    Wilson, NC (FHA|USDA|VA) 63 $7,255,000 $115,159 $3,770 4.62%
    GOLDSBORO, NC (FHA|USDA|VA) 55 $6,135,000 $111,545 $2,967 4.64%
    Morehead City, NC (FHA|USDA|VA) 21 $6,125,000 $291,667 $3,470 4.55%
    Roanoke Rapids, NC (FHA|USDA|VA) 54 $4,920,000 $91,111 $2,754 4.63%
    Washington, NC (FHA|USDA|VA) 31 $4,815,000 $155,323 $3,393 4.64%
    Elizabeth City, NC (FHA|USDA|VA) 18 $3,500,000 $194,444 $3,386 4.41%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $3,075,000 $439,286 $8,599 4.35%
    Kinston, NC (FHA|USDA|VA) 18 $1,540,000 $85,556 $2,674 4.76%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $1,315,000 $187,857 $3,568 4.26%
    NEW BERN, NC (FHA|USDA|VA) 8 $910,000 $113,750 $5,604 4.66%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $480,000 $240,000 $3,287 4.25%
    Albemarle, NC (FHA|USDA|VA) 1 $455,000 $455,000 $3,487 3.50%
    RICHMOND, VA (FHA|USDA|VA) 2 $400,000 $200,000 $3,635 4.56%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $360,000 $180,000 $2,753 5.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $310,000 $155,000 $5,639 4.63%
    Henderson, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,877 5.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,208 4.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.45%
    Rockingham, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,064 4.13%
    Martinsville, VA (FHA|USDA|VA) 1 $95,000 $95,000 $3,520 4.13%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Southern Bank And Trust Company's top markets include Virginia Beach, Kill Devil Hills, Greenville, Rocky Mount, and Raleigh 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.

    ABNB Federal Credit Union
    Similarity Rank: 40
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    NEWPORT NEWS SHIPBUILDING EMPLOYEES
    Similarity Rank: 147
    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258
    Belmont Savings Bank, SSB
    Similarity Rank: 390
    NewDominion Bank
    Similarity Rank: 602
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 666
    EXCITE Credit Union
    Similarity Rank: 738
    Virginia Credit Union, Inc.
    Similarity Rank: 750
    Virginia Commonwealth Bank
    Similarity Rank: 760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 688 $146,050,000 $212,282 $3,530 4.69%
    HELOC 437 $41,835,000 $95,732 n/a 4.54%
    VA 14 $4,220,000 $301,429 $4,644 3.88%
    USDA 10 $1,070,000 $107,000 $2,905 4.19%

    For 2018, Southern Bank And Trust Company's most frequently originated type of loan was Conventional, with 688 originations. Their 2nd most popular type was HELOC, with 437 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 517 $110,805,000 $214,323 $3,534 4.65%
    Other 212 $18,050,000 $85,142 $0 4.58%
    Refi 162 $31,560,000 $194,815 $3,541 4.51%
    Cash Out Refi 139 $21,445,000 $154,281 $3,649 4.69%
    Home Improvement 119 $11,315,000 $95,084 $0 4.64%

    For 2018, Southern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 517 originations. The 2nd most popular reason was Other, with 212 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 569 $63,185,000 $111,046 $3,030 4.54%
    30 Year 374 $85,080,000 $227,487 $3,660 4.57%
    5 Year 91 $15,775,000 $173,352 $0 5.03%
    20 Year 44 $12,660,000 $287,727 $3,302 4.58%
    Other 30 $8,520,000 $284,000 $0 4.91%
    1 Year 19 $5,265,000 $277,105 $0 5.08%
    10 Year 11 $795,000 $72,273 $3,095 5.22%
    3 Year 8 $1,120,000 $140,000 $0 5.03%
    30+ year 3 $775,000 $258,333 $6,616 4.54%

    For 2018, Southern Bank And Trust Company's most frequently cited loan duration was 15 Year, with 569 originations. The 2nd most popular length was 30 Year, with 374 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 220 $44,650,000 $202,955
    $1k-2k 92 $13,750,000 $149,457
    $2k-3k 70 $14,190,000 $202,714
    $3k-4k 36 $8,970,000 $249,167
    $4k-5k 23 $7,695,000 $334,565
    $5k+ 15 $8,685,000 $579,000

    Southern Bank And Trust Company's average total fees were $3,660, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 220 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 848 $145,760,000 $171,887
    5-6% 151 $17,705,000 $117,252
    3-4% 137 $28,855,000 $210,620
    6-7% 10 $690,000 $69,000

    During 2018, Southern Bank And Trust Company's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 848 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 514 $26,950,000 $52,432 $2,411 4.70%
    $100k-200k 325 $46,565,000 $143,277 $3,053 4.60%
    $200k-400k 219 $60,095,000 $274,406 $4,178 4.50%
    $400k-600k 56 $26,120,000 $466,429 $4,959 4.52%
    $600k-1MM 28 $21,570,000 $770,357 $6,175 4.53%
    $1MM+ 7 $11,875,000 $1,696,429 $24,404 4.39%

    2018 saw Southern Bank And Trust Company place emphasis on $100,000 or less loans with 514 originations, totaling $26,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 200 $33,940,000 $169,700 $3,661 4.60%
    $50k or less 199 $15,665,000 $78,719 $2,898 4.59%
    $50k-75k 194 $22,420,000 $115,567 $3,068 4.60%
    $75k-100k 151 $21,535,000 $142,616 $3,726 4.50%
    $150k-250k 138 $29,660,000 $214,928 $4,190 4.57%
    $250k+ 113 $36,105,000 $319,513 $5,077 4.60%

    Southern Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 200 originations. The second most popular income band? $50k or less, with 199 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 253 $39,105,000 $154,565 $3,433 4.57%
    <20% 191 $31,255,000 $163,639 $3,714 4.44%
    30-36% 171 $25,615,000 $149,795 $3,653 4.56%
    37% 37 $6,505,000 $175,811 $2,758 4.64%
    38% 34 $5,500,000 $161,765 $3,178 4.64%
    43% 33 $4,205,000 $127,424 $3,837 4.82%
    44% 31 $4,135,000 $133,387 $2,674 4.59%
    39% 30 $6,110,000 $203,667 $3,762 4.55%
    42% 29 $5,635,000 $194,310 $3,872 4.64%
    40% 28 $6,240,000 $222,857 $3,816 4.50%
    45% 28 $3,170,000 $113,214 $3,323 4.65%
    36% 27 $5,055,000 $187,222 $3,893 4.62%
    41% 27 $4,375,000 $162,037 $3,694 4.72%
    50-60% 23 $4,935,000 $214,565 $5,643 4.64%
    >60% 16 $1,690,000 $105,625 $0 5.01%
    48% 13 $2,265,000 $174,231 $3,366 4.75%
    47% 13 $1,985,000 $152,692 $3,490 4.44%
    46% 10 $1,510,000 $151,000 $4,052 4.63%
    49% 6 $970,000 $161,667 $5,304 4.90%

    Southern Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 253 originations. The next most common DTI ratio? <20%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 940 $151,520,000 $161,191 $3,537 4.56%
    Not applicable 130 $29,510,000 $227,000 $0 5.00%
    Black 47 $4,145,000 $88,191 $2,721 4.79%
    Not provided 13 $3,685,000 $283,462 $4,169 4.57%
    Asian 9 $3,135,000 $348,333 $5,632 4.47%
    Asian Indian 5 $655,000 $131,000 $2,645 4.98%
    American Indian 3 $295,000 $98,333 $3,257 4.33%
    Native Hawaiian or Islander 1 $205,000 $205,000 $0 4.75%
    Other Asian 1 $25,000 $25,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    91.29%

    Southern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.86%

    Southern Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,149 $193,175,000 $168,124

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $9,275,000 $488,158
    Single Family (1-4 Units):Manufactured 39 $2,515,000 $64,487
    Single Family (1-4 Units):Site-Built 1,091 $181,385,000 $166,256

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 196 $18,850,000 $96,173 $3,620 4.62%
    40-60% 184 $30,340,000 $164,891 $3,550 4.53%
    60-80% 337 $74,765,000 $221,855 $3,512 4.68%
    80-100% 296 $62,470,000 $211,047 $3,581 4.60%
    Under 20% 134 $6,680,000 $49,851 $2,727 4.64%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Closing on a mortgage 1 50.0%
    SOUTHERN TRUST MORTGAGE LLC Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern Bank and Trust Company 100 North Center Street Mount Olive, NC 28365 Full Service B&M $98,598
    Southern Bank and Trust Company 100 Wilson Street Fremont, NC 27830 Full Service B&M $20,443
    Southern Bank and Trust Company 1008 Sunset Avenue Clinton, NC 28328 Full Service B&M $22,160
    Southern Bank and Trust Company 101 North King Street Windsor, NC 27983 Full Service B&M $66,185
    Southern Bank and Trust Company 101 Queen Street Edenton, NC 27932 Full Service B&M $51,324
    Southern Bank and Trust Company 101 West Second Street Kenly, NC 27542 Full Service B&M $21,301
    Southern Bank and Trust Company 102 East Hamlet Street Pinetops, NC 27864 Full Service B&M $17,950
    Southern Bank and Trust Company 102 North Main Street Salemburg, NC 28385 Full Service B&M $17,433
    Southern Bank and Trust Company 107 South Fairview Road Rocky Mount, NC 27801 Full Service B&M $6,737
    Southern Bank and Trust Company 109 Peedin Avenue Pine Level, NC 27568 Full Service B&M $19,994
    Southern Bank and Trust Company 110 West Center Street Faison, NC 28341 Full Service B&M $15,737
    Southern Bank and Trust Company 111 North Main Street Robersonville, NC 27871 Full Service B&M $28,522
    Southern Bank and Trust Company 114 North Pine Street Warsaw, NC 28398 Full Service B&M $31,345
    Southern Bank and Trust Company 11438 East Finch Avenue Middlesex, NC 27557 Full Service B&M $20,207
    Southern Bank and Trust Company 1217 Cedar Road Chesapeake, VA 23322 Full Service B&M $8,652
    Southern Bank and Trust Company 127 Main Street Lewiston, NC 27849 Full Service B&M $29,052
    Southern Bank and Trust Company 1304 Greenbrier Pkwy Chesapeake, VA 23320 Full Service B&M $42,372
    Southern Bank and Trust Company 1405 Benvenue Road Rocky Mount, NC 27802 Full Service B&M $53,401
    Southern Bank and Trust Company 148 East Main Street Belhaven, NC 27810 Full Service B&M $50,078
    Southern Bank and Trust Company 1580 East Tenth Street Roanoke Rapids, NC 27870 Full Service B&M $34,845
    Southern Bank and Trust Company 1701 Forest Hills Road West Wilson, NC 27893 Full Service B&M $34,913
    Southern Bank and Trust Company 1756 Laskin Rd Virginia Beach, VA 23454 Full Service B&M $58,033
    Southern Bank and Trust Company 1870 Kempsville Road Virginia Beach, VA 23464 Full Service B&M $17,193
    Southern Bank and Trust Company 1916 Tulls Mill Rd. Deep Run, NC 28525 Full Service B&M $7,989
    Southern Bank and Trust Company 202 South Croatan Highway Kill Devil Hills, NC 27948 Full Service B&M $44,539
    Southern Bank and Trust Company 203 North Main Street Gatesville, NC 27938 Full Service B&M $28,658
    Southern Bank and Trust Company 208 South Caswell Street La Grange, NC 28551 Full Service B&M $26,247
    Southern Bank and Trust Company 208 W Jefferson Street Jackson, NC 27845 Full Service B&M $38,619
    Southern Bank and Trust Company 209 Barnes Street Nashville, NC 27856 Full Service B&M $98,528
    Southern Bank and Trust Company 221 Western Ave Suffolk, VA 23434 Full Service B&M $8,416
    Southern Bank and Trust Company 2275 Stantonsburg Road Greenville, NC 27835 Full Service B&M $36,180
    Southern Bank and Trust Company 230 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $42,486
    Southern Bank and Trust Company 2300 Nash Street North Wilson, NC 27896 Full Service B&M $29,749
    Southern Bank and Trust Company 2301 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $21,292
    Southern Bank and Trust Company 2310 South Charles Boulevard Greenville, NC 27858 Full Service B&M $58,521
    Southern Bank and Trust Company 236 3rd St. Ayden, NC 28513 Full Service B&M $23,779
    Southern Bank and Trust Company 2501 East Ash Street Goldsboro, NC 27530 Full Service B&M $12,300
    Southern Bank and Trust Company 298 North Fifth Street Aurora, NC 27806 Full Service B&M $22,952
    Southern Bank and Trust Company 301 North Main Street Winton, NC 27986 Full Service B&M $32,300
    Southern Bank and Trust Company 3343 Western Branch Blvd Chesapeake, VA 23321 Full Service B&M $13,935
    Southern Bank and Trust Company 336 East Main Street Murfreesboro, NC 27855 Full Service B&M $42,759
    Southern Bank and Trust Company 3690 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $96,419
    Southern Bank and Trust Company 3720 Virginia Beach Blvd Virginia Beach, VA 23452 Full Service B&M $25,810
    Southern Bank and Trust Company 3920 South Hathaway Blvd. Sharpsburg, NC 27878 Full Service B&M $29,716
    Southern Bank and Trust Company 403 Boush Street Norfolk, VA 23510 Full Service B&M $132,447
    Southern Bank and Trust Company 416 South Main Street Kenansville, NC 28349 Full Service B&M $38,578
    Southern Bank and Trust Company 4217 East Church Street Farmville, NC 27828 Full Service B&M $19,541
    Southern Bank and Trust Company 422 Main Street Tarboro, NC 27886 Full Service B&M $26,032
    Southern Bank and Trust Company 4259 Winterville Parkway Winterville, NC 28590 Full Service B&M $18,776
    Southern Bank and Trust Company 4804 N. Croatan Hwy Kitty Hawk, NC 27949 Full Service B&M $10,267
    Southern Bank and Trust Company 4815 Colley Avenue Norfolk, VA 23508 Full Service B&M $51,347
    Southern Bank and Trust Company 506 East Main Street Ahoskie, NC 27910 Full Service B&M $146,135
    Southern Bank and Trust Company 601 Lynnhaven Parkway Virginia Beach, VA 23452 Full Service B&M $82,019
    Southern Bank and Trust Company 612 Washington Street Plymouth, NC 27962 Full Service B&M $22,766
    Southern Bank and Trust Company 6174 Main Street Bailey, NC 27807 Full Service B&M $37,897
    Southern Bank and Trust Company 704 Us 64 Manteo, NC 27954 Full Service B&M $48,593
    Southern Bank and Trust Company 7458 Main Street Bethel, NC 27812 Full Service B&M $19,547
    Southern Bank and Trust Company 800 North Breazeale Avenue Mount Olive, NC 28365 Full Service B&M $56,252
    Southern Bank and Trust Company 810 South Main Street Scotland Neck, NC 27874 Full Service B&M $27,048
    Southern Bank and Trust Company 83 S Bladen Ave Garland, NC 28441 Full Service B&M $13,898
    Southern Bank and Trust Company 8315 Red Oak Boulevard Red Oak, NC 27868 Full Service B&M $28,612

    For 2018, Southern Bank And Trust Company had 61 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $100,953
    Net interest income $96,111
    Total noninterest income $22,362
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,827
    Trading account gains and fees $0
    Additional Noninterest Income $13,535
    Pre-tax net operating income $41,897
    Securities gains (or losses, -) $-1,974
    Income before extraordinary items $31,878
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $31,878
    Minority interest net income $0
    Net income $31,878
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,457

    Southern Bank And Trust Company's gross interest income from loans was $100,953,000.
    Southern Bank And Trust Company's net interest income from loans was $96,111,000.
    Southern Bank And Trust Company's fee based income from loans was $8,827,000.
    Southern Bank And Trust Company's net income from loans was $31,878,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,842
    Provision for credit losses $2,799
    Total noninterest expense $73,777
    Salaries and employee benefits $42,976
    Premises and equipment expense $10,898
    Additional noninterest expense $19,903
    Applicable income taxes $8,045
    Net charge-offs $1,136
    Cash dividends $33,258

    Southern Bank And Trust Company's interest expense for loans was $4,842,000.
    Southern Bank And Trust Company's payroll and benefits expense were $42,976,000.
    Southern Bank And Trust Company's property, plant and equipment expenses $10,898,000.

    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 3.0%
    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 $2,307,770
    Deposits held in domestic offices $2,307,770
    Deposits by Individuals, partnerships, and corporations $1,957,829
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $349,941
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,372,309
    Demand deposits $740,480
    Nontransaction accounts $935,461
    Money market deposit accounts (MMDAs) $484,132
    Other savings deposits (excluding MMDAs) $175,618
    Total time deposits $275,711
    Total time and savings deposits $1,567,290
    Noninterest-bearing deposits $740,480
    Interest-bearing deposits $1,567,291
    Retail deposits $2,273,128
    IRAs and Keogh plan accounts $51,589
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,624,103
    Cash & Balances due from depository institutions $168,421
    Interest-bearing balances $111,459
    Total securities $615,192
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,689,009
    Loan and leases loss allowance $20,090
    Trading account assets $0
    Bank premises and fixed assets $60,047
    Other real estate owned $354
    Goodwill and other intangibles $31,686
    All other assets $59,394

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,624,103
    Total Liabilities $2,363,718
    Total deposits $2,307,770
    Interest-bearing deposits $1,567,291
    Deposits held in domestic offices $2,307,770
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $45,165
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $10,783

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,689,009
    Loan and leases loss allowance $20,090
    Total loans and leases (domestic) $1,709,099
    All real estate loans $1,418,596
    Real estate loans in domestic offices $1,418,596
    Construction and development loans $123,609
    Residential 1-4 family construction $26,637
    Other construction, all land development and other land $96,972
    Loans secured by nonfarm nonresidential properties $661,429
    Nonfarm nonresidential secured by owner-occupied properties $423,929
    Commercial real estate & other non-farm, non-residential $237,500
    Multifamily residential real estate $59,651
    1-4 family residential loans $436,148
    Farmland loans $137,759
    Loans held in foreign offices $0
    Farm loans $76,562
    Commercial and industrial loans $173,233
    To non-U.S. addressees $0
    Loans to individuals $24,756
    Credit card loans $0
    Related Plans $6,322
    Consumer Auto Loans $5,906
    Other loans to individuals $12,528
    All other loans & leases $15,952
    Loans to foreign governments and official institutions $0
    Other loans $1,311
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $10,100
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,621
    Non 1-4 family restructured loans & leases $1,480
    Total loans and leases (foreign) $0

    Southern Bank and Trust Company had $1,689,009,000 of loans outstanding in 2018. $1,418,596,000 of loans were in real estate loans. $123,609,000 of loans were in development loans. $59,651,000 of loans were in multifamily mortgage loans. $436,148,000 of loans were in 1-4 family mortgage loans. $76,562,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,906,000 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 1,535 $337,834 $220,087
    Nonfarm, nonresidential loans - <$100k 398 $16,050 $40,327
    Nonfarm, nonresidential loans - $100-250k 452 $55,235 $122,201
    Nonfarm, nonresidential loans - $250k-1MM 685 $266,549 $389,123
    Commercial & Industrial, US addressed loans - <$1MM 2,186 $126,176 $57,720
    Commercial & Industrial, US addressed loans - <$100k 1,686 $35,292 $20,932
    Commercial & Industrial, US addressed loans - $100-250k 294 $31,044 $105,592
    Commercial & Industrial, US addressed loans - $250k-1MM 206 $59,840 $290,485
    Farmland loans - <$1MM 655 $101,672 $155,224
    Farmland loans - <$100k 226 $8,872 $39,257
    Farmland loans - $100-250k 224 $25,426 $113,509
    Farmland loans - $250k-1MM 205 $67,374 $328,654
    Agriculture operations loans - <$1MM 502 $55,598 $110,753
    Agriculture operations loans - <$100k 280 $8,329 $29,746
    Agriculture operations loans - $100-250k 106 $9,677 $91,292
    Agriculture operations loans - $250k-1MM 116 $37,592 $324,069