Southerntrust Bank Mortgage Rates, Fees & Info

Goreville, IL

LEI: 5493001ONS27RG5HKB81

Tax ID: 20-2862630

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Southerntrust Bank is a smaller bank specializing in Home Purchase and Refi loans. Southerntrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Kansas City, Nashville, and Fort Madison among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southerntrust Bank has an average approval rate when compared to the average across all lenders. They have an 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.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $7,640,000

    Employee count

    38

    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
    CARBONDALE-MARION, IL (FHA|USDA|VA) 33 $5,315,000 $161,061 $0 0.00%
    Outside of Metro Areas 11 $1,205,000 $109,545 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Southerntrust Bank's top markets include Carbondale, Kansas City, Nashville, and Fort Madison among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $7,640,000 $159,167 $0 0.00%

    For 2020, Southerntrust Bank's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $3,105,000 $182,647 $0 0.00%
    Refi 12 $3,220,000 $268,333 $0 0.00%
    Cash Out Refi 12 $990,000 $82,500 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%
    Other 3 $105,000 $35,000 $0 0.00%

    For 2020, Southerntrust Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $7,640,000 $159,167 $0 0.00%

    For 2020, Southerntrust Bank's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,105,000 $44,200 $0 0.00%
    $100k-200k 14 $2,120,000 $151,429 $0 0.00%
    $200k-400k 7 $1,895,000 $270,714 $0 0.00%
    $1MM+ 1 $2,085,000 $2,085,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2020 saw Southerntrust Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,125,000 $125,000 $0 0.00%
    $50k-75k 9 $975,000 $108,333 $0 0.00%
    $150k-250k 8 $1,100,000 $137,500 $0 0.00%
    $50k or less 6 $400,000 $66,667 $0 0.00%
    $75k-100k 6 $890,000 $148,333 $0 0.00%
    $250k+ 1 $165,000 $165,000 $0 0.00%

    Southerntrust Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $7,640,000 $159,167 $0 0.00%

    Southerntrust Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $3,995,000 $107,973 $0 0.00%
    Not applicable 10 $3,370,000 $337,000 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.52%

    Southerntrust Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.67%

    Southerntrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $7,640,000 $159,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,470,000 $1,235,000
    Single Family (1-4 Units):Manufactured 5 $135,000 $27,000
    Single Family (1-4 Units):Site-Built 41 $5,035,000 $122,805

    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)
    Southerntrust Bank 101 North Broadway Goreville, IL 62939 Full Service B&M $31,944
    Southerntrust Bank 200 South First Street Vienna, IL 62995 Full Service B&M $24,525

    For 2020, Southerntrust Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,534
    Net interest income $5,109
    Total noninterest income $428
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $78
    Trading account gains and fees $0
    Additional Noninterest Income $350
    Pre-tax net operating income $2,447
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,947
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,947
    Minority interest net income $0
    Net income $1,947
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,947

    Southerntrust Bank's gross interest income from loans was $6,534,000.
    Southerntrust Bank's net interest income from loans was $5,109,000.
    Southerntrust Bank's fee based income from loans was $78,000.
    Southerntrust Bank's net income from loans was $1,947,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,425
    Provision for credit losses $51
    Total noninterest expense $3,039
    Salaries and employee benefits $1,738
    Premises and equipment expense $343
    Additional noninterest expense $958
    Applicable income taxes $500
    Net charge-offs $27
    Cash dividends $400

    Southerntrust Bank's interest expense for loans was $1,425,000.
    Southerntrust Bank's payroll and benefits expense were $1,738,000.
    Southerntrust Bank's property, plant and equipment expenses $343,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 9.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $137,830
    Deposits held in domestic offices $137,830
    Deposits by Individuals, partnerships, and corporations $101,546
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,258
    Deposits by Commercial banks and other depository institutions in U.S. $15,025
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,215
    Demand deposits $23,721
    Nontransaction accounts $82,614
    Money market deposit accounts (MMDAs) $20,578
    Other savings deposits (excluding MMDAs) $13,512
    Total time deposits $48,525
    Total time and savings deposits $114,108
    Noninterest-bearing deposits $21,863
    Interest-bearing deposits $115,967
    Retail deposits $131,286
    IRAs and Keogh plan accounts $1,613
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $185,789
    Cash & Balances due from depository institutions $24,436
    Interest-bearing balances $21,570
    Total securities $25,137
    Federal funds sold & reverse repurchase $0
    Net loans and leases $125,938
    Loan and leases loss allowance $811
    Trading account assets $0
    Bank premises and fixed assets $2,309
    Other real estate owned $0
    Goodwill and other intangibles $2,997
    All other assets $4,972

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $185,789
    Total Liabilities $165,595
    Total deposits $137,830
    Interest-bearing deposits $115,967
    Deposits held in domestic offices $137,830
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $278
    Trading liabilities $0
    Other borrowed funds $27,107
    Subordinated debt $0
    All other liabilities $380

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $125,938
    Loan and leases loss allowance $811
    Total loans and leases (domestic) $126,749
    All real estate loans $93,987
    Real estate loans in domestic offices $93,987
    Construction and development loans $10,971
    Residential 1-4 family construction $4,870
    Other construction, all land development and other land $6,101
    Loans secured by nonfarm nonresidential properties $22,893
    Nonfarm nonresidential secured by owner-occupied properties $14,396
    Commercial real estate & other non-farm, non-residential $8,497
    Multifamily residential real estate $4,149
    1-4 family residential loans $43,593
    Farmland loans $12,381
    Loans held in foreign offices $0
    Farm loans $2,366
    Commercial and industrial loans $24,175
    To non-U.S. addressees $0
    Loans to individuals $3,189
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,444
    Other loans to individuals $1,745
    All other loans & leases $3,032
    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 $46
    Non 1-4 family restructured loans & leases $46
    Total loans and leases (foreign) $0

    SouthernTrust Bank had $125,938,000 of loans outstanding in 2020. $93,987,000 of loans were in real estate loans. $10,971,000 of loans were in development loans. $4,149,000 of loans were in multifamily mortgage loans. $43,593,000 of loans were in 1-4 family mortgage loans. $2,366,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,444,000 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 85 $19,781 $232,718
    Nonfarm, nonresidential loans - <$100k 27 $688 $25,481
    Nonfarm, nonresidential loans - $100-250k 23 $3,415 $148,478
    Nonfarm, nonresidential loans - $250k-1MM 35 $15,678 $447,943
    Commercial & Industrial, US addressed loans - <$1MM 674 $21,171 $31,411
    Commercial & Industrial, US addressed loans - <$100k 612 $11,049 $18,054
    Commercial & Industrial, US addressed loans - $100-250k 41 $4,651 $113,439
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,471 $260,524
    Farmland loans - <$1MM 64 $5,895 $92,109
    Farmland loans - <$100k 31 $1,212 $39,097
    Farmland loans - $100-250k 27 $3,294 $122,000
    Farmland loans - $250k-1MM 6 $1,389 $231,500
    Agriculture operations loans - <$1MM 28 $842 $30,071
    Agriculture operations loans - <$100k 26 $529 $20,346
    Agriculture operations loans - $100-250k 2 $313 $156,500