Southerntrust Bank Mortgage Rates, Fees & Info
Goreville, ILLEI: 5493001ONS27RG5HKB81
Tax ID: 20-2862630
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Southerntrust Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Southerntrust Bank has a high proportion of conventional loans. Their top two markets are Carbondale and Paducah .Southerntrust Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
25Origination Dollar Volume (All Markets)
$1,395,000Employee count
16Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 19 | $995,000 | $52,368 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $285,000 | $57,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $1,310,000 | $54,583 | $0 | 0.00% |
| USDA | 1 | $85,000 | $85,000 | $0 | 0.00% |
For 2019, Southerntrust Bank's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Southerntrust Bank's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $1,395,000 | $55,800 | $0 | 0.00% |
For 2019, Southerntrust Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 21 | $895,000 | $42,619 | $0 | 0.00% |
| $100k-200k | 4 | $500,000 | $125,000 | $0 | 0.00% |
2019 saw Southerntrust Bank place emphasis on $100,000 or less loans with 21 originations, totaling $895,000 in origination value.
Applicant Income
Southerntrust Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $1,395,000 | $55,800 | $0 | 0.00% |
Southerntrust Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $1,395,000 | $55,800 | $0 | 0.00% |
Approval Rates
Total approvals of all applications78.95%
Southerntrust Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.00%
Southerntrust Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 25 | $1,395,000 | $55,800 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $440,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 17 | $955,000 | $56,176 |
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) |
|---|---|---|---|
| SouthernTrust Bank | 101 North Broadway Goreville, IL 62939 | Full Service B&M | $28,768 |
| SouthernTrust Bank | 200 South First Street Vienna, IL 62995 | Full Service B&M | $22,254 |
For 2019, Southerntrust Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,106 |
| Net interest income | $1,821 |
| Total noninterest income | $411 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $139 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $272 |
| Pre-tax net operating income | $427 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $363 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $363 |
| Minority interest net income | $0 |
| Net income | $363 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $363 |
Southerntrust Bank's gross interest income from loans was $2,106,000.
Southerntrust Bank's net interest income from loans was $1,821,000.
Southerntrust Bank's fee based income from loans was $139,000.
Southerntrust Bank's net income from loans was $363,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $285 |
| Provision for credit losses | $0 |
| Total noninterest expense | $1,805 |
| Salaries and employee benefits | $891 |
| Premises and equipment expense | $202 |
| Additional noninterest expense | $712 |
| Applicable income taxes | $64 |
| Net charge-offs | $-5 |
| Cash dividends | $136 |
Southerntrust Bank's interest expense for loans was $285,000.
Southerntrust Bank's payroll and benefits expense were $891,000.
Southerntrust Bank's property, plant and equipment expenses $202,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 8.0% |
| Multifamily residential loans | 0.0% |
| 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 | $52,865 |
| Deposits held in domestic offices | $52,865 |
| Deposits by Individuals, partnerships, and corporations | $42,731 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $10,082 |
| Deposits by Commercial banks and other depository institutions in U.S. | $52 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $27,207 |
| Demand deposits | $11,253 |
| Nontransaction accounts | $25,658 |
| Money market deposit accounts (MMDAs) | $2,409 |
| Other savings deposits (excluding MMDAs) | $9,780 |
| Total time deposits | $13,470 |
| Total time and savings deposits | $41,612 |
| Noninterest-bearing deposits | $9,474 |
| Interest-bearing deposits | $43,391 |
| Retail deposits | $49,690 |
| IRAs and Keogh plan accounts | $988 |
| Brokered deposits | $125 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $58,652 |
| Cash & Balances due from depository institutions | $12,808 |
| Interest-bearing balances | $11,162 |
| Total securities | $18,280 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $25,868 |
| Loan and leases loss allowance | $381 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,139 |
| Other real estate owned | $158 |
| Goodwill and other intangibles | $0 |
| All other assets | $399 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $58,652 |
| Total Liabilities | $52,932 |
| Total deposits | $52,865 |
| Interest-bearing deposits | $43,391 |
| Deposits held in domestic offices | $52,865 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $67 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $25,868 |
| Loan and leases loss allowance | $381 |
| Total loans and leases (domestic) | $26,249 |
| All real estate loans | $21,691 |
| Real estate loans in domestic offices | $21,691 |
| Construction and development loans | $1,901 |
| Residential 1-4 family construction | $199 |
| Other construction, all land development and other land | $1,702 |
| Loans secured by nonfarm nonresidential properties | $5,393 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,215 |
| Commercial real estate & other non-farm, non-residential | $4,178 |
| Multifamily residential real estate | $204 |
| 1-4 family residential loans | $11,771 |
| Farmland loans | $2,422 |
| Loans held in foreign offices | $0 |
| Farm loans | $746 |
| Commercial and industrial loans | $2,623 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $849 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $363 |
| Other loans to individuals | $486 |
| All other loans & leases | $340 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $33 |
| Non 1-4 family restructured loans & leases | $33 |
| Total loans and leases (foreign) | $0 |
SouthernTrust Bank had $25,868,000 of loans outstanding in 2019. $21,691,000 of loans were in real estate loans. $1,901,000 of loans were in development loans. $204,000 of loans were in multifamily mortgage loans. $11,771,000 of loans were in 1-4 family mortgage loans. $746,000 of loans were in farm loans. $0 of loans were in credit card loans. $363,000 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 | 57 | $5,393 | $94,614 |
| Nonfarm, nonresidential loans - <$100k | 40 | $1,280 | $32,000 |
| Nonfarm, nonresidential loans - $100-250k | 9 | $794 | $88,222 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $3,319 | $414,875 |
| Commercial & Industrial, US addressed loans - <$1MM | 39 | $2,623 | $67,256 |
| Commercial & Industrial, US addressed loans - <$100k | 30 | $581 | $19,367 |
| Commercial & Industrial, US addressed loans - $100-250k | 5 | $490 | $98,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $1,552 | $388,000 |
| Farmland loans - <$1MM | 33 | $2,422 | $73,394 |
| Farmland loans - <$100k | 17 | $554 | $32,588 |
| Farmland loans - $100-250k | 15 | $1,645 | $109,667 |
| Farmland loans - $250k-1MM | 1 | $223 | $223,000 |
| Agriculture operations loans - <$1MM | 25 | $746 | $29,840 |
| Agriculture operations loans - <$100k | 23 | $565 | $24,565 |
| Agriculture operations loans - $100-250k | 2 | $181 | $90,500 |