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™
  • Mortgage Calculator

    • 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 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: Virginia Beach, Kill Devil Hills, Greenville, Rocky Mount, and Wilmington among others. We have data for 33 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% 11/21/24
    30 Year Conventional Purchase 6.49% 11/21/24
    30 Year Conventional Refi 6.57% 11/21/24
    30 Year Cash-out Refi 6.65% 11/21/24
    30 Year VA Purchase 5.88% 11/21/24
    30 Year USDA Purchase 6.31% 11/21/24
    15 Year Conventional Purchase 5.96% 11/21/24
    15 Year Conventional Refi 6.09% 11/21/24
    15 Year Cash-out Refi 6.09% 11/21/24
    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

    1,414

    Origination Dollar Volume (All Markets)

    $274,720,000

    Employee count

    578 Show all (17) 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) 196 $54,680,000 $278,980 $3,736 4.32%
    Kill Devil Hills, NC (FHA|USDA|VA) 113 $44,915,000 $397,478 $3,159 4.44%
    GREENVILLE, NC (FHA|USDA|VA) 182 $37,350,000 $205,220 $3,391 5.65%
    ROCKY MOUNT, NC (FHA|USDA|VA) 263 $33,485,000 $127,319 $2,654 4.30%
    Outside of Metro Areas 204 $23,860,000 $116,961 $3,448 4.52%
    WILMINGTON, NC (FHA|USDA|VA) 48 $13,680,000 $285,000 $3,118 4.21%
    RALEIGH-CARY, NC (FHA|USDA|VA) 59 $13,085,000 $221,780 $3,636 4.11%
    Wilson, NC (FHA|USDA|VA) 79 $10,955,000 $138,671 $3,730 4.30%
    Morehead City, NC (FHA|USDA|VA) 34 $9,080,000 $267,059 $4,395 4.11%
    GOLDSBORO, NC (FHA|USDA|VA) 54 $8,030,000 $148,704 $3,051 4.24%
    Washington, NC (FHA|USDA|VA) 48 $5,300,000 $110,417 $2,891 4.48%
    Roanoke Rapids, NC (FHA|USDA|VA) 40 $4,230,000 $105,750 $2,775 4.49%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,935,000 $266,818 $4,039 4.01%
    Elizabeth City, NC (FHA|USDA|VA) 20 $2,840,000 $142,000 $4,906 4.80%
    Kinston, NC (FHA|USDA|VA) 22 $2,750,000 $125,000 $3,424 4.20%
    NEW BERN, NC (FHA|USDA|VA) 11 $1,135,000 $103,182 $3,710 4.84%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,220 3.33%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $855,000 $285,000 $2,501 4.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $655,000 $218,333 $4,340 3.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $615,000 $615,000 $0 4.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $600,000 $300,000 $0 4.88%
    Boone, NC (FHA|USDA|VA) 3 $445,000 $148,333 $3,317 4.58%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $395,000 $131,667 $2,673 3.92%
    Danville, VA (FHA|USDA|VA) 1 $355,000 $355,000 $2,720 5.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $265,000 $88,333 $1,049 4.83%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,235 3.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.95%
    Sanford, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,569 5.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,000 3.75%
    Cullowhee, NC (FHA|USDA|VA) 1 $115,000 $115,000 $567 3.75%
    Lumberton, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,821 3.25%
    RICHMOND, VA (FHA|USDA|VA) 1 $65,000 $65,000 $567 4.50%
    Shelby, NC (FHA|USDA|VA) 1 $65,000 $65,000 $3,128 4.13%
    Southern Bank And Trust Company's top markets include Virginia Beach, Kill Devil Hills, Greenville, Rocky Mount, and Wilmington 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: 75
    EXCITE Credit Union
    Similarity Rank: 114
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 160
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 517
    NEWPORT NEWS SHIPBUILDING EMPLOYEES
    Similarity Rank: 530
    LANGLEY
    Similarity Rank: 600
    Virginia Credit Union, Inc.
    Similarity Rank: 832
    1ST ADVANTAGE FEDERAL CREDIT UNION
    Similarity Rank: 861
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 888
    Belmont Savings Bank, SSB
    Similarity Rank: 897

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 892 $215,920,000 $242,063 $3,254 4.53%
    HELOC 496 $52,540,000 $105,927 n/a 4.55%
    VA 13 $4,505,000 $346,538 $5,217 3.60%
    USDA 13 $1,755,000 $135,000 $2,790 3.63%

    For 2019, Southern Bank And Trust Company's most frequently originated type of loan was Conventional, with 892 originations. Their 2nd most popular type was HELOC, with 496 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 611 $148,815,000 $243,560 $3,146 4.69%
    Refi 378 $79,430,000 $210,132 $3,543 4.24%
    Other 251 $24,125,000 $96,116 $0 4.61%
    Home Improvement 101 $7,505,000 $74,307 $0 4.72%
    Cash Out Refi 72 $14,340,000 $199,167 $3,585 3.92%
    NA 1 $505,000 $505,000 $0 5.50%

    For 2019, Southern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 611 originations. The 2nd most popular reason was Refi, with 378 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 632 $78,890,000 $124,826 $3,148 4.47%
    30 Year 426 $97,130,000 $228,005 $2,811 4.64%
    5 Year 98 $16,300,000 $166,327 $0 5.20%
    30+ year 68 $22,120,000 $325,294 $6,735 3.29%
    20 Year 67 $27,715,000 $413,657 $3,104 4.36%
    Other 65 $22,585,000 $347,462 $2,594 4.44%
    10 Year 42 $6,410,000 $152,619 $2,898 4.54%
    3 Year 8 $2,300,000 $287,500 $0 5.09%
    1 Year 8 $1,270,000 $158,750 $0 5.56%

    For 2019, Southern Bank And Trust Company's most frequently cited loan duration was 15 Year, with 632 originations. The 2nd most popular length was 30 Year, with 426 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 295 $75,025,000 $254,322
    $1k-2k 114 $13,800,000 $121,053
    $2k-3k 67 $13,005,000 $194,104
    $3k-4k 39 $9,435,000 $241,923
    $4k-5k 35 $11,285,000 $322,429
    $5k+ 32 $16,390,000 $512,188

    Southern Bank And Trust Company's average total fees were $2,811, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 295 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 613 $123,805,000 $201,966
    4-5% 466 $96,160,000 $206,352
    5-6% 273 $39,215,000 $143,645
    2.5-3% 46 $13,700,000 $297,826
    6-7% 11 $675,000 $61,364
    <2.5% 4 $770,000 $192,500
    Over 8% 1 $395,000 $395,000

    During 2019, Southern Bank And Trust Company's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 3-4%, with 613 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 567 $31,685,000 $55,882 $2,365 4.61%
    $100k-200k 400 $57,450,000 $143,625 $2,642 4.29%
    $200k-400k 317 $86,855,000 $273,991 $3,770 4.82%
    $400k-600k 74 $35,110,000 $474,459 $4,140 3.98%
    $600k-1MM 38 $28,770,000 $757,105 $5,638 4.15%
    $1MM+ 18 $34,850,000 $1,936,111 $12,092 4.37%

    2019 saw Southern Bank And Trust Company place emphasis on $100,000 or less loans with 567 originations, totaling $31,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 264 $45,310,000 $171,629 $3,447 4.31%
    $50k-75k 235 $26,875,000 $114,362 $2,790 4.29%
    $50k or less 182 $14,840,000 $81,538 $2,353 4.36%
    $250k+ 181 $64,105,000 $354,171 $4,270 4.24%
    $150k-250k 176 $38,400,000 $218,182 $4,323 5.65%
    $75k-100k 167 $22,335,000 $133,743 $3,061 4.23%

    Southern Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $50k-75k, with 235 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 337 $57,735,000 $171,320 $3,267 4.26%
    <20% 219 $33,015,000 $150,753 $3,357 4.29%
    30-36% 207 $37,435,000 $180,845 $3,275 4.13%
    38% 47 $10,255,000 $218,191 $3,359 4.26%
    37% 45 $7,375,000 $163,889 $3,053 4.49%
    39% 43 $7,875,000 $183,140 $3,310 4.11%
    42% 38 $7,310,000 $192,368 $3,519 4.34%
    40% 38 $7,900,000 $207,895 $2,928 4.13%
    36% 37 $5,455,000 $147,432 $2,750 4.21%
    44% 37 $4,855,000 $131,216 $3,341 4.25%
    43% 30 $8,080,000 $269,333 $5,059 4.27%
    41% 26 $3,500,000 $134,615 $2,288 4.43%
    45% 21 $3,575,000 $170,238 $3,118 15.84%
    50-60% 20 $3,470,000 $173,500 $10,844 5.06%
    46% 16 $3,010,000 $188,125 $2,753 4.35%
    >60% 14 $1,190,000 $85,000 $0 5.14%
    47% 12 $2,880,000 $240,000 $2,932 3.83%
    48% 9 $3,915,000 $435,000 $2,853 4.51%
    49% 2 $1,040,000 $520,000 $567 4.56%

    Southern Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 337 originations. The next most common DTI ratio? <20%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,131 $200,675,000 $177,431 $3,331 4.49%
    Not applicable 174 $54,910,000 $315,575 $0 4.76%
    Black 68 $7,680,000 $112,941 $2,796 4.53%
    Not provided 23 $5,685,000 $247,174 $3,037 4.05%
    Asian 9 $4,125,000 $458,333 $3,089 4.42%
    American Indian 5 $1,105,000 $221,000 $2,082 3.88%
    Native Hawaiian or Islander 1 $255,000 $255,000 $2,494 3.38%
    Asian Indian 1 $105,000 $105,000 $0 5.25%
    Filipino 1 $95,000 $95,000 $0 5.38%
    Other Asian 1 $85,000 $85,000 $3,358 4.75%

    Approval Rates

    Total approvals of all applications
    93.43%

    Southern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.59%

    Southern Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,414 $274,720,000 $194,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 35 $17,475,000 $499,286
    Single Family (1-4 Units):Manufactured 44 $3,140,000 $71,364
    Single Family (1-4 Units):Site-Built 1,335 $254,105,000 $190,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 235 $24,315,000 $103,468 $2,925 4.48%
    40-60% 228 $48,970,000 $214,781 $3,366 4.34%
    60-80% 452 $110,260,000 $243,938 $3,252 4.90%
    80-100% 359 $83,115,000 $231,518 $3,341 4.14%
    Over 100% 4 $720,000 $180,000 $1,651 4.75%
    Under 20% 136 $7,340,000 $53,971 $2,233 4.62%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Closing on a mortgage 1 50.0%
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing 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 $86,238
    Southern Bank and Trust Company 100 Wilson Street Fremont, NC 27830 Full Service B&M $23,420
    Southern Bank and Trust Company 1008 Sunset Avenue Clinton, NC 28328 Full Service B&M $29,027
    Southern Bank and Trust Company 101 East Ehringhaus Street Elizabeth City, NC 27909 Full Service B&M $4,453
    Southern Bank and Trust Company 101 North King Street Windsor, NC 27983 Full Service B&M $66,515
    Southern Bank and Trust Company 101 Queen Street Edenton, NC 27932 Full Service B&M $56,811
    Southern Bank and Trust Company 101 West Second Street Kenly, NC 27542 Full Service B&M $21,131
    Southern Bank and Trust Company 102 East Hamlet Street Pinetops, NC 27864 Full Service B&M $17,629
    Southern Bank and Trust Company 102 North Main Street Salemburg, NC 28385 Full Service B&M $16,632
    Southern Bank and Trust Company 107 South Fairview Road Rocky Mount, NC 27801 Full Service B&M $9,075
    Southern Bank and Trust Company 109 Peedin Avenue Pine Level, NC 27568 Full Service B&M $19,220
    Southern Bank and Trust Company 110 West Center Street Faison, NC 28341 Full Service B&M $17,216
    Southern Bank and Trust Company 111 North Main Street Robersonville, NC 27871 Full Service B&M $30,456
    Southern Bank and Trust Company 114 North Pine Street Warsaw, NC 28398 Full Service B&M $34,092
    Southern Bank and Trust Company 11438 East Finch Avenue Middlesex, NC 27557 Full Service B&M $23,815
    Southern Bank and Trust Company 1217 Cedar Road Chesapeake, VA 23322 Full Service B&M $8,066
    Southern Bank and Trust Company 127 Main Street Lewiston, NC 27849 Full Service B&M $27,397
    Southern Bank and Trust Company 1304 Greenbrier Pkwy Chesapeake, VA 23320 Full Service B&M $38,953
    Southern Bank and Trust Company 1405 Benvenue Road Rocky Mount, NC 27802 Full Service B&M $43,488
    Southern Bank and Trust Company 148 East Main Street Belhaven, NC 27810 Full Service B&M $50,023
    Southern Bank and Trust Company 1580 East Tenth Street Roanoke Rapids, NC 27870 Full Service B&M $32,806
    Southern Bank and Trust Company 1701 Forest Hills Road West Wilson, NC 27893 Full Service B&M $43,580
    Southern Bank and Trust Company 1756 Laskin Rd Virginia Beach, VA 23454 Full Service B&M $57,065
    Southern Bank and Trust Company 1870 Kempsville Road Virginia Beach, VA 23464 Full Service B&M $18,358
    Southern Bank and Trust Company 1916 Tulls Mill Rd. Deep Run, NC 28525 Full Service B&M $8,517
    Southern Bank and Trust Company 202 South Croatan Highway Kill Devil Hills, NC 27948 Full Service B&M $50,640
    Southern Bank and Trust Company 203 North Main Street Gatesville, NC 27938 Full Service B&M $28,218
    Southern Bank and Trust Company 208 South Caswell Street La Grange, NC 28551 Full Service B&M $26,127
    Southern Bank and Trust Company 208 W Jefferson Street Jackson, NC 27845 Full Service B&M $38,174
    Southern Bank and Trust Company 209 Barnes Street Nashville, NC 27856 Full Service B&M $88,209
    Southern Bank and Trust Company 221 Western Ave Suffolk, VA 23434 Full Service B&M $10,230
    Southern Bank and Trust Company 2275 Stantonsburg Road Greenville, NC 27835 Full Service B&M $34,379
    Southern Bank and Trust Company 230 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $43,326
    Southern Bank and Trust Company 2300 Nash Street North Wilson, NC 27896 Full Service B&M $33,395
    Southern Bank and Trust Company 2301 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $21,215
    Southern Bank and Trust Company 2310 South Charles Boulevard Greenville, NC 27858 Full Service B&M $60,073
    Southern Bank and Trust Company 236 3rd St. Ayden, NC 28513 Full Service B&M $23,570
    Southern Bank and Trust Company 2501 E Ash St Goldsboro, NC 27534 Full Service B&M $17,753
    Southern Bank and Trust Company 298 North Fifth Street Aurora, NC 27806 Full Service B&M $24,310
    Southern Bank and Trust Company 301 North Main Street Winton, NC 27986 Full Service B&M $29,609
    Southern Bank and Trust Company 3201 Glenwood Ave, Suite 101 Raleigh, NC 27612 Full Service B&M $17,336
    Southern Bank and Trust Company 3343 Western Branch Blvd Chesapeake, VA 23321 Full Service B&M $12,483
    Southern Bank and Trust Company 336 East Main Street Murfreesboro, NC 27855 Full Service B&M $46,220
    Southern Bank and Trust Company 3690 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $97,987
    Southern Bank and Trust Company 3720 Virginia Beach Blvd Virginia Beach, VA 23452 Full Service B&M $28,189
    Southern Bank and Trust Company 3920 South Hathaway Blvd. Sharpsburg, NC 27878 Full Service B&M $31,427
    Southern Bank and Trust Company 403 Boush Street Norfolk, VA 23510 Full Service B&M $114,820
    Southern Bank and Trust Company 416 South Main Street Kenansville, NC 28349 Full Service B&M $50,257
    Southern Bank and Trust Company 4217 East Church Street Farmville, NC 27828 Full Service B&M $21,807
    Southern Bank and Trust Company 422 Main Street Tarboro, NC 27886 Full Service B&M $22,483
    Southern Bank and Trust Company 4259 Winterville Parkway Winterville, NC 28590 Full Service B&M $18,495
    Southern Bank and Trust Company 4804 N. Croatan Hwy Kitty Hawk, NC 27949 Full Service B&M $11,415
    Southern Bank and Trust Company 4815 Colley Avenue Norfolk, VA 23508 Full Service B&M $50,470
    Southern Bank and Trust Company 506 East Main Street Ahoskie, NC 27910 Full Service B&M $219,197
    Southern Bank and Trust Company 601 Lynnhaven Parkway Virginia Beach, VA 23452 Full Service B&M $77,994
    Southern Bank and Trust Company 612 Washington Street Plymouth, NC 27962 Full Service B&M $23,807
    Southern Bank and Trust Company 6174 Main Street Bailey, NC 27807 Full Service B&M $38,659
    Southern Bank and Trust Company 6752 Rock Spring Road, Suite 100 Wilmington, NC 28405 Full Service B&M $18,923
    Southern Bank and Trust Company 704 Us 64 Manteo, NC 27954 Full Service B&M $50,164
    Southern Bank and Trust Company 7458 Main Street Bethel, NC 27812 Full Service B&M $18,383
    Southern Bank and Trust Company 800 North Breazeale Avenue Mount Olive, NC 28365 Full Service B&M $54,920
    Southern Bank and Trust Company 810 South Main Street Scotland Neck, NC 27874 Full Service B&M $28,605
    Southern Bank and Trust Company 83 S Bladen Ave Garland, NC 28441 Full Service B&M $13,833
    Southern Bank and Trust Company 8315 Red Oak Boulevard Red Oak, NC 27868 Full Service B&M $29,189

    For 2019, Southern Bank And Trust Company had 64 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $108,350
    Net interest income $98,854
    Total noninterest income $22,518
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,972
    Trading account gains and fees $0
    Additional Noninterest Income $13,546
    Pre-tax net operating income $41,235
    Securities gains (or losses, -) $6,763
    Income before extraordinary items $37,994
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $37,994
    Minority interest net income $0
    Net income $37,994
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $32,651

    Southern Bank And Trust Company's gross interest income from loans was $108,350,000.
    Southern Bank And Trust Company's net interest income from loans was $98,854,000.
    Southern Bank And Trust Company's fee based income from loans was $8,972,000.
    Southern Bank And Trust Company's net income from loans was $37,994,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,496
    Provision for credit losses $1,486
    Total noninterest expense $78,651
    Salaries and employee benefits $47,343
    Premises and equipment expense $11,168
    Additional noninterest expense $20,140
    Applicable income taxes $10,004
    Net charge-offs $151
    Cash dividends $12,385

    Southern Bank And Trust Company's interest expense for loans was $9,496,000.
    Southern Bank And Trust Company's payroll and benefits expense were $47,343,000.
    Southern Bank And Trust Company's property, plant and equipment expenses $11,168,000.

    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 2.0%
    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 $2,506,996
    Deposits held in domestic offices $2,506,996
    Deposits by Individuals, partnerships, and corporations $1,814,431
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $692,565
    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 $1,476,471
    Demand deposits $804,693
    Nontransaction accounts $1,030,525
    Money market deposit accounts (MMDAs) $527,687
    Other savings deposits (excluding MMDAs) $187,582
    Total time deposits $315,255
    Total time and savings deposits $1,702,303
    Noninterest-bearing deposits $804,683
    Interest-bearing deposits $1,702,313
    Retail deposits $2,420,000
    IRAs and Keogh plan accounts $50,246
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,925,504
    Cash & Balances due from depository institutions $122,179
    Interest-bearing balances $70,678
    Total securities $817,317
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,821,627
    Loan and leases loss allowance $21,425
    Trading account assets $0
    Bank premises and fixed assets $71,099
    Other real estate owned $773
    Goodwill and other intangibles $31,309
    All other assets $61,200

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,925,504
    Total Liabilities $2,624,727
    Total deposits $2,506,996
    Interest-bearing deposits $1,702,313
    Deposits held in domestic offices $2,506,996
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $45,244
    Trading liabilities $0
    Other borrowed funds $50,000
    Subordinated debt $0
    All other liabilities $22,487

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,821,627
    Loan and leases loss allowance $21,425
    Total loans and leases (domestic) $1,843,052
    All real estate loans $1,529,441
    Real estate loans in domestic offices $1,529,441
    Construction and development loans $113,673
    Residential 1-4 family construction $29,205
    Other construction, all land development and other land $84,468
    Loans secured by nonfarm nonresidential properties $732,345
    Nonfarm nonresidential secured by owner-occupied properties $457,157
    Commercial real estate & other non-farm, non-residential $275,188
    Multifamily residential real estate $64,461
    1-4 family residential loans $469,041
    Farmland loans $149,921
    Loans held in foreign offices $0
    Farm loans $73,712
    Commercial and industrial loans $198,441
    To non-U.S. addressees $0
    Loans to individuals $26,572
    Credit card loans $0
    Related Plans $8,058
    Consumer Auto Loans $6,309
    Other loans to individuals $12,205
    All other loans & leases $14,886
    Loans to foreign governments and official institutions $0
    Other loans $884
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $12,574
    Loans secured by real estate to non-U.S. addressees $12
    Restructured Loans & leases $2,372
    Non 1-4 family restructured loans & leases $1,719
    Total loans and leases (foreign) $0

    Southern Bank and Trust Company had $1,821,627,000 of loans outstanding in 2019. $1,529,441,000 of loans were in real estate loans. $113,673,000 of loans were in development loans. $64,461,000 of loans were in multifamily mortgage loans. $469,041,000 of loans were in 1-4 family mortgage loans. $73,712,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,309,000 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 1,612 $347,768 $215,737
    Nonfarm, nonresidential loans - <$100k 425 $18,712 $44,028
    Nonfarm, nonresidential loans - $100-250k 452 $54,010 $119,491
    Nonfarm, nonresidential loans - $250k-1MM 735 $275,046 $374,212
    Commercial & Industrial, US addressed loans - <$1MM 2,288 $143,549 $62,740
    Commercial & Industrial, US addressed loans - <$100k 1,705 $36,130 $21,191
    Commercial & Industrial, US addressed loans - $100-250k 325 $34,186 $105,188
    Commercial & Industrial, US addressed loans - $250k-1MM 258 $73,233 $283,849
    Farmland loans - <$1MM 673 $105,889 $157,339
    Farmland loans - <$100k 229 $9,161 $40,004
    Farmland loans - $100-250k 230 $25,610 $111,348
    Farmland loans - $250k-1MM 214 $71,118 $332,327
    Agriculture operations loans - <$1MM 444 $51,336 $115,622
    Agriculture operations loans - <$100k 239 $6,175 $25,837
    Agriculture operations loans - $100-250k 88 $8,674 $98,568
    Agriculture operations loans - $250k-1MM 117 $36,487 $311,855