Southern Bank And Trust Company Mortgage Rates, Fees & Info

Mount Olive, NC

LEI: 5493000XJFWT2H46HI07

Tax ID: 56-0132260

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Mortgage Data

Bank Data

Review & Overview

Southern Bank And Trust Company is a smaller bank specializing in Refi and 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, Greenville, Rocky Mount, Kill Devil Hills, and Wilmington among others. We have data for 41 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.49% 3/28/24
30 Year Conventional Refi 6.57% 3/28/24
30 Year Cash-out Refi 6.65% 3/28/24
30 Year VA Purchase 5.88% 3/28/24
30 Year USDA Purchase 6.31% 3/28/24
15 Year Conventional Purchase 5.96% 3/28/24
15 Year Conventional Refi 6.09% 3/28/24
15 Year Cash-out Refi 6.09% 3/28/24
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

2,728

Origination Dollar Volume (All Markets)

$565,980,000

Employee count

572 Show all (15) 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) 330 $98,660,000 $298,970 $3,536 3.13%
GREENVILLE, NC (FHA|USDA|VA) 442 $85,040,000 $192,398 $3,571 3.14%
ROCKY MOUNT, NC (FHA|USDA|VA) 381 $52,395,000 $137,520 $3,362 3.11%
Outside of Metro Areas 348 $50,270,000 $144,454 $3,479 3.10%
Kill Devil Hills, NC (FHA|USDA|VA) 180 $44,540,000 $247,444 $4,203 3.19%
WILMINGTON, NC (FHA|USDA|VA) 110 $42,700,000 $388,182 $3,611 3.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 167 $42,625,000 $255,240 $3,451 3.00%
Wilson, NC (FHA|USDA|VA) 149 $24,915,000 $167,215 $3,834 3.09%
Morehead City, NC (FHA|USDA|VA) 80 $23,610,000 $295,125 $4,204 3.02%
GOLDSBORO, NC (FHA|USDA|VA) 103 $15,885,000 $154,223 $3,635 3.02%
Washington, NC (FHA|USDA|VA) 94 $14,650,000 $155,851 $3,519 3.12%
Elizabeth City, NC (FHA|USDA|VA) 68 $11,780,000 $173,235 $4,368 2.96%
Roanoke Rapids, NC (FHA|USDA|VA) 71 $9,975,000 $140,493 $3,241 3.08%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $8,210,000 $373,182 $3,445 3.12%
Kinston, NC (FHA|USDA|VA) 47 $7,295,000 $155,213 $3,980 2.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 24 $7,020,000 $292,500 $3,581 2.91%
NEW BERN, NC (FHA|USDA|VA) 28 $6,360,000 $227,143 $3,879 3.35%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $4,060,000 $253,750 $3,408 2.96%
ASHEVILLE, NC (FHA|USDA|VA) 8 $1,920,000 $240,000 $2,878 3.00%
JACKSONVILLE, NC (FHA|USDA|VA) 8 $1,640,000 $205,000 $1,927 3.03%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 7 $1,595,000 $227,857 $3,459 2.64%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $1,355,000 $271,000 $2,607 3.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $1,205,000 $172,143 $2,923 2.68%
Boone, NC (FHA|USDA|VA) 3 $1,035,000 $345,000 $2,609 2.71%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,015,000 $203,000 $2,937 2.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $855,000 $285,000 $3,994 3.04%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $750,000 $187,500 $2,533 2.81%
Cullowhee, NC (FHA|USDA|VA) 1 $645,000 $645,000 $0 3.10%
RICHMOND, VA (FHA|USDA|VA) 3 $595,000 $198,333 $2,427 3.34%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $460,000 $230,000 $100 3.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.75%
Danville, VA (FHA|USDA|VA) 1 $355,000 $355,000 $6,807 2.88%
Henderson, NC (FHA|USDA|VA) 1 $355,000 $355,000 $3,074 3.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $325,000 $325,000 $3,089 2.63%
Shelby, NC (FHA|USDA|VA) 2 $320,000 $160,000 $4,164 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,359 3.25%
STAUNTON, VA (FHA|USDA|VA) 1 $295,000 $295,000 $2,429 3.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.75%
Albemarle, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,414 2.75%
Sanford, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.00%
Lumberton, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.00%
Southern Bank And Trust Company's top markets include Virginia Beach, Greenville, Rocky Mount, Kill Devil Hills, and Wilmington among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,889 $461,845,000 $244,492 $3,595 3.08%
    HELOC 815 $97,955,000 $120,190 n/a 3.13%
    VA 14 $4,610,000 $329,286 $5,000 2.90%
    USDA 10 $1,570,000 $157,000 $2,702 3.09%

    For 2020, Southern Bank And Trust Company's most frequently originated type of loan was Conventional, with 1,889 originations. Their 2nd most popular type was HELOC, with 815 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,154 $266,560,000 $230,988 $3,463 2.98%
    Home Purchase 718 $174,750,000 $243,384 $3,740 3.30%
    Other 427 $46,385,000 $108,630 $4,321 3.11%
    Cash Out Refi 299 $63,975,000 $213,963 $3,740 2.98%
    Home Improvement 130 $14,310,000 $110,077 $0 3.25%

    For 2020, Southern Bank And Trust Company's most frequently cited loan purpose was Refi, with 1,154 originations. The 2nd most popular reason was Home Purchase, with 718 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,356 $207,600,000 $153,097 $3,356 2.98%
    30 Year 833 $217,035,000 $260,546 $3,275 3.13%
    20 Year 150 $38,990,000 $259,933 $3,645 3.16%
    10 Year 121 $28,815,000 $238,140 $3,300 3.30%
    30+ year 107 $37,025,000 $346,028 $7,120 2.80%
    5 Year 97 $11,365,000 $117,165 $4,321 4.13%
    Other 61 $24,555,000 $402,541 $4,031 3.56%
    3 Year 2 $570,000 $285,000 $0 4.13%
    1 Year 1 $25,000 $25,000 $0 4.25%

    For 2020, Southern Bank And Trust Company's most frequently cited loan duration was 15 Year, with 1,356 originations. The 2nd most popular length was 30 Year, with 833 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 729 $189,125,000 $259,431
    $1k-2k 313 $49,385,000 $157,780
    $2k-3k 248 $50,690,000 $204,395
    $3k-4k 141 $37,795,000 $268,050
    $4k-5k 65 $22,155,000 $340,846
    $5k+ 60 $31,480,000 $524,667

    Southern Bank And Trust Company's average total fees were $3,275, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 729 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,283 $264,865,000 $206,442
    3-4% 934 $200,570,000 $214,743
    <2.5% 385 $82,905,000 $215,338
    4-5% 116 $16,260,000 $140,172
    5-6% 10 $1,380,000 $138,000

    During 2020, Southern Bank And Trust Company's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,283 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 892 $130,220,000 $145,987 $3,118 3.06%
    $200k-400k 825 $223,325,000 $270,697 $3,873 3.00%
    $100,000 or less 757 $42,565,000 $56,229 $2,569 3.25%
    $400k-600k 179 $84,325,000 $471,089 $4,693 3.04%
    $600k-1MM 52 $38,700,000 $744,231 $5,466 3.00%
    $1MM+ 23 $46,845,000 $2,036,739 $9,011 3.20%

    2020 saw Southern Bank And Trust Company place emphasis on $100k-200k loans with 892 originations, totaling $130,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 600 $111,350,000 $185,583 $3,800 3.00%
    $150k-250k 432 $107,340,000 $248,472 $3,910 2.98%
    $50k-75k 415 $58,825,000 $141,747 $3,313 3.08%
    $75k-100k 376 $64,420,000 $171,330 $3,513 3.07%
    $250k+ 332 $113,620,000 $342,229 $4,592 3.01%
    $50k or less 286 $29,890,000 $104,510 $2,890 3.13%

    Southern Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 600 originations. The second most popular income band? $150k-250k, with 432 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 757 $150,085,000 $198,263 $3,631 2.95%
    <20% 457 $85,325,000 $186,707 $3,370 2.92%
    30-36% 408 $78,850,000 $193,260 $3,591 3.05%
    44% 86 $15,630,000 $181,744 $4,058 3.12%
    37% 75 $15,735,000 $209,800 $3,670 3.08%
    39% 74 $15,690,000 $212,027 $3,869 3.06%
    40% 67 $13,905,000 $207,537 $3,533 3.12%
    43% 64 $13,480,000 $210,625 $3,563 3.09%
    41% 64 $15,750,000 $246,094 $4,420 3.07%
    42% 55 $11,595,000 $210,818 $3,592 3.00%
    38% 54 $12,740,000 $235,926 $3,932 3.00%
    36% 46 $8,110,000 $176,304 $3,294 2.95%
    46% 30 $9,360,000 $312,000 $4,471 2.97%
    45% 29 $5,945,000 $205,000 $3,997 3.05%
    47% 24 $7,100,000 $295,833 $3,972 3.04%
    48% 18 $3,240,000 $180,000 $3,340 3.13%
    50-60% 14 $2,780,000 $198,571 $3,501 2.98%
    >60% 8 $1,510,000 $188,750 $0 3.08%
    49% 6 $1,680,000 $280,000 $5,710 2.83%

    Southern Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 757 originations. The next most common DTI ratio? <20%, with 457 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,352 $462,080,000 $196,463 $3,603 3.03%
    Not applicable 193 $60,925,000 $315,674 $0 3.90%
    Not provided 62 $18,420,000 $297,097 $3,618 3.02%
    Black 69 $10,575,000 $153,261 $3,299 3.24%
    Asian 31 $10,085,000 $325,323 $3,641 2.87%
    Asian Indian 11 $2,105,000 $191,364 $2,707 3.05%
    American Indian 5 $1,065,000 $213,000 $5,130 2.88%
    Native Hawaiian or Islander 3 $405,000 $135,000 $4,734 3.21%
    Chinese 1 $255,000 $255,000 $0 3.25%
    Other Asian 1 $65,000 $65,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    93.31%

    Southern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.69%

    Southern Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,728 $565,980,000 $207,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $2,655,000 $885,000
    Multifamily:Site-Built 31 $31,755,000 $1,024,355
    Single Family (1-4 Units):Manufactured 52 $4,150,000 $79,808
    Single Family (1-4 Units):Site-Built 2,642 $527,420,000 $199,629

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 380 $52,220,000 $137,421 $2,923 3.07%
    40-60% 447 $98,445,000 $220,235 $3,387 3.02%
    60-80% 1,043 $251,095,000 $240,743 $3,708 3.09%
    80-100% 573 $148,025,000 $258,333 $3,641 3.17%
    Over 100% 1 $235,000 $235,000 $10,079 2.25%
    Under 20% 284 $15,960,000 $56,197 $3,689 3.14%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%

    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 $86,114
    Southern Bank and Trust Company 100 Wilson Street Fremont, NC 27830 Full Service B&M $25,554
    Southern Bank and Trust Company 1008 Sunset Avenue Clinton, NC 28328 Full Service B&M $34,570
    Southern Bank and Trust Company 101 North King Street Windsor, NC 27983 Full Service B&M $76,674
    Southern Bank and Trust Company 101 Queen Street Edenton, NC 27932 Full Service B&M $62,279
    Southern Bank and Trust Company 101 West Second Street Kenly, NC 27542 Full Service B&M $25,285
    Southern Bank and Trust Company 102 East Hamlet Street Pinetops, NC 27864 Full Service B&M $21,306
    Southern Bank and Trust Company 102 North Main Street Salemburg, NC 28385 Full Service B&M $18,409
    Southern Bank and Trust Company 107 South Fairview Road Rocky Mount, NC 27801 Full Service B&M $13,747
    Southern Bank and Trust Company 109 Peedin Avenue Pine Level, NC 27568 Full Service B&M $20,931
    Southern Bank and Trust Company 110 West Center Street Faison, NC 28341 Full Service B&M $26,429
    Southern Bank and Trust Company 111 North Main Street Robersonville, NC 27871 Full Service B&M $31,443
    Southern Bank and Trust Company 114 North Pine Street Warsaw, NC 28398 Full Service B&M $36,740
    Southern Bank and Trust Company 11438 East Finch Avenue Middlesex, NC 27557 Full Service B&M $27,027
    Southern Bank and Trust Company 1217 Cedar Road Chesapeake, VA 23322 Full Service B&M $15,034
    Southern Bank and Trust Company 127 Main Street Lewiston, NC 27849 Full Service B&M $29,299
    Southern Bank and Trust Company 1304 Greenbrier Pkwy Chesapeake, VA 23320 Full Service B&M $49,592
    Southern Bank and Trust Company 1405 Benvenue Road Rocky Mount, NC 27802 Full Service B&M $51,652
    Southern Bank and Trust Company 148 East Main Street Belhaven, NC 27810 Full Service B&M $59,124
    Southern Bank and Trust Company 1580 East Tenth Street Roanoke Rapids, NC 27870 Full Service B&M $38,844
    Southern Bank and Trust Company 1701 Forest Hills Road West Wilson, NC 27893 Full Service B&M $53,146
    Southern Bank and Trust Company 1756 Laskin Rd Virginia Beach, VA 23454 Full Service B&M $66,215
    Southern Bank and Trust Company 1870 Kempsville Road Virginia Beach, VA 23464 Full Service B&M $27,522
    Southern Bank and Trust Company 1875 West City Drive Elizabeth City, NC 27909 Full Service B&M $13,027
    Southern Bank and Trust Company 1916 Tulls Mill Rd. Deep Run, NC 28525 Full Service B&M $9,698
    Southern Bank and Trust Company 202 South Croatan Highway Kill Devil Hills, NC 27948 Full Service B&M $64,267
    Southern Bank and Trust Company 203 North Main Street Gatesville, NC 27938 Full Service B&M $32,907
    Southern Bank and Trust Company 208 South Caswell Street La Grange, NC 28551 Full Service B&M $31,531
    Southern Bank and Trust Company 208 W Jefferson Street Jackson, NC 27845 Full Service B&M $42,440
    Southern Bank and Trust Company 209 Barnes Street Nashville, NC 27856 Full Service B&M $101,352
    Southern Bank and Trust Company 221 Western Ave Suffolk, VA 23434 Full Service B&M $24,869
    Southern Bank and Trust Company 2275 Stantonsburg Road Greenville, NC 27835 Full Service B&M $58,156
    Southern Bank and Trust Company 230 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $53,924
    Southern Bank and Trust Company 2300 Nash Street North Wilson, NC 27896 Full Service B&M $54,215
    Southern Bank and Trust Company 2301 Wayne Memorial Drive Goldsboro, NC 27534 Full Service B&M $17,095
    Southern Bank and Trust Company 2310 South Charles Boulevard Greenville, NC 27858 Full Service B&M $82,620
    Southern Bank and Trust Company 236 3rd St. Ayden, NC 28513 Full Service B&M $27,371
    Southern Bank and Trust Company 2501 E Ash St Goldsboro, NC 27534 Full Service B&M $33,391
    Southern Bank and Trust Company 298 North Fifth Street Aurora, NC 27806 Full Service B&M $24,837
    Southern Bank and Trust Company 3201 Glenwood Ave, Suite 101 Raleigh, NC 27612 Full Service B&M $28,994
    Southern Bank and Trust Company 3343 Western Branch Blvd Chesapeake, VA 23321 Full Service B&M $18,282
    Southern Bank and Trust Company 336 East Main Street Murfreesboro, NC 27855 Full Service B&M $54,783
    Southern Bank and Trust Company 3690 Sunset Avenue Rocky Mount, NC 27804 Full Service B&M $131,291
    Southern Bank and Trust Company 3720 Virginia Beach Blvd Virginia Beach, VA 23452 Full Service B&M $37,516
    Southern Bank and Trust Company 3920 South Hathaway Blvd. Sharpsburg, NC 27878 Full Service B&M $36,396
    Southern Bank and Trust Company 403 Boush Street Norfolk, VA 23510 Full Service B&M $125,302
    Southern Bank and Trust Company 416 South Main Street Kenansville, NC 28349 Full Service B&M $55,343
    Southern Bank and Trust Company 4217 East Church Street Farmville, NC 27828 Full Service B&M $28,277
    Southern Bank and Trust Company 422 Main Street Tarboro, NC 27886 Full Service B&M $28,719
    Southern Bank and Trust Company 4259 Winterville Parkway Winterville, NC 28590 Full Service B&M $29,446
    Southern Bank and Trust Company 4804 N. Croatan Hwy Kitty Hawk, NC 27949 Full Service B&M $24,638
    Southern Bank and Trust Company 4815 Colley Avenue Norfolk, VA 23508 Full Service B&M $61,139
    Southern Bank and Trust Company 506 East Main Street Ahoskie, NC 27910 Full Service B&M $288,190
    Southern Bank and Trust Company 601 Lynnhaven Parkway Virginia Beach, VA 23452 Full Service B&M $114,850
    Southern Bank and Trust Company 612 Washington Street Plymouth, NC 27962 Full Service B&M $32,635
    Southern Bank and Trust Company 6174 Main Street Bailey, NC 27807 Full Service B&M $47,325
    Southern Bank and Trust Company 6752 Rock Spring Road, Suite 100 Wilmington, NC 28405 Full Service B&M $38,880
    Southern Bank and Trust Company 704 Us 64 Manteo, NC 27954 Full Service B&M $67,957
    Southern Bank and Trust Company 7458 Main Street Bethel, NC 27812 Full Service B&M $20,093
    Southern Bank and Trust Company 800 North Breazeale Avenue Mount Olive, NC 28365 Full Service B&M $63,393
    Southern Bank and Trust Company 810 South Main Street Scotland Neck, NC 27874 Full Service B&M $35,158
    Southern Bank and Trust Company 83 S Bladen Ave Garland, NC 28441 Full Service B&M $15,439
    Southern Bank and Trust Company 8315 Red Oak Boulevard Red Oak, NC 27868 Full Service B&M $31,785

    For 2020, Southern Bank And Trust Company had 63 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $116,305
    Net interest income $109,869
    Total noninterest income $27,297
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $7,449
    Trading account gains and fees $0
    Additional Noninterest Income $19,848
    Pre-tax net operating income $42,617
    Securities gains (or losses, -) $4,454
    Income before extraordinary items $36,701
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $36,701
    Minority interest net income $0
    Net income $36,701
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,182

    Southern Bank And Trust Company's gross interest income from loans was $116,305,000.
    Southern Bank And Trust Company's net interest income from loans was $109,869,000.
    Southern Bank And Trust Company's fee based income from loans was $7,449,000.
    Southern Bank And Trust Company's net income from loans was $36,701,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,436
    Provision for credit losses $9,115
    Total noninterest expense $85,434
    Salaries and employee benefits $50,042
    Premises and equipment expense $12,454
    Additional noninterest expense $22,938
    Applicable income taxes $10,370
    Net charge-offs $390
    Cash dividends $27,140

    Southern Bank And Trust Company's interest expense for loans was $6,436,000.
    Southern Bank And Trust Company's payroll and benefits expense were $50,042,000.
    Southern Bank And Trust Company's property, plant and equipment expenses $12,454,000.

    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 $3,315,932
    Deposits held in domestic offices $3,315,932
    Deposits by Individuals, partnerships, and corporations $2,856,544
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $458,146
    Deposits by Commercial banks and other depository institutions in U.S. $1,242
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,045,192
    Demand deposits $1,207,961
    Nontransaction accounts $1,270,740
    Money market deposit accounts (MMDAs) $736,425
    Other savings deposits (excluding MMDAs) $234,642
    Total time deposits $299,673
    Total time and savings deposits $2,107,971
    Noninterest-bearing deposits $1,179,711
    Interest-bearing deposits $2,136,221
    Retail deposits $3,235,314
    IRAs and Keogh plan accounts $49,138
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,710,368
    Cash & Balances due from depository institutions $267,268
    Interest-bearing balances $248,267
    Total securities $990,874
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,287,506
    Loan and leases loss allowance $30,150
    Trading account assets $0
    Bank premises and fixed assets $69,111
    Other real estate owned $442
    Goodwill and other intangibles $31,809
    All other assets $63,358

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,710,368
    Total Liabilities $3,387,386
    Total deposits $3,315,932
    Interest-bearing deposits $2,136,221
    Deposits held in domestic offices $3,315,932
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $44,203
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $27,251

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,287,506
    Loan and leases loss allowance $30,150
    Total loans and leases (domestic) $2,317,656
    All real estate loans $1,776,106
    Real estate loans in domestic offices $1,776,106
    Construction and development loans $136,727
    Residential 1-4 family construction $34,845
    Other construction, all land development and other land $101,882
    Loans secured by nonfarm nonresidential properties $832,034
    Nonfarm nonresidential secured by owner-occupied properties $502,856
    Commercial real estate & other non-farm, non-residential $329,178
    Multifamily residential real estate $69,899
    1-4 family residential loans $591,738
    Farmland loans $145,708
    Loans held in foreign offices $0
    Farm loans $68,771
    Commercial and industrial loans $433,266
    To non-U.S. addressees $0
    Loans to individuals $27,654
    Credit card loans $0
    Related Plans $8,066
    Consumer Auto Loans $6,374
    Other loans to individuals $13,214
    All other loans & leases $11,859
    Loans to foreign governments and official institutions $0
    Other loans $405
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,508
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,275
    Non 1-4 family restructured loans & leases $1,510
    Total loans and leases (foreign) $0

    Southern Bank and Trust Company had $2,287,506,000 of loans outstanding in 2020. $1,776,106,000 of loans were in real estate loans. $136,727,000 of loans were in development loans. $69,899,000 of loans were in multifamily mortgage loans. $591,738,000 of loans were in 1-4 family mortgage loans. $68,771,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,374,000 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 1,645 $373,145 $226,836
    Nonfarm, nonresidential loans - <$100k 403 $17,293 $42,911
    Nonfarm, nonresidential loans - $100-250k 461 $56,240 $121,996
    Nonfarm, nonresidential loans - $250k-1MM 781 $299,612 $383,626
    Commercial & Industrial, US addressed loans - <$1MM 4,432 $336,202 $75,858
    Commercial & Industrial, US addressed loans - <$100k 3,196 $93,948 $29,395
    Commercial & Industrial, US addressed loans - $100-250k 809 $100,166 $123,815
    Commercial & Industrial, US addressed loans - $250k-1MM 427 $142,088 $332,759
    Farmland loans - <$1MM 632 $96,189 $152,198
    Farmland loans - <$100k 220 $8,695 $39,523
    Farmland loans - $100-250k 211 $23,342 $110,626
    Farmland loans - $250k-1MM 201 $64,152 $319,164
    Agriculture operations loans - <$1MM 410 $47,876 $116,771
    Agriculture operations loans - <$100k 229 $5,911 $25,812
    Agriculture operations loans - $100-250k 70 $7,396 $105,657
    Agriculture operations loans - $250k-1MM 111 $34,569 $311,432