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, Cash Out Refi, and Refi loans. Southerntrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Daphne, Orlando, Nashville, and Peoria among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southerntrust Bank 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.

    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

    105

    Origination Dollar Volume (All Markets)

    $15,025,000

    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) 87 $12,005,000 $137,989 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 0.00%
    Outside of Metro Areas 12 $930,000 $77,500 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 1 $45,000 $45,000 $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, Daphne, Orlando, Nashville, and Peoria among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $15,025,000 $143,095 $0 0.00%

    For 2021, Southerntrust Bank's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $4,395,000 $112,692 $0 0.00%
    Cash Out Refi 26 $3,920,000 $150,769 $0 0.00%
    Home Improvement 20 $2,690,000 $134,500 $0 0.00%
    Refi 18 $3,530,000 $196,111 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%
    NA 1 $445,000 $445,000 $0 0.00%

    For 2021, Southerntrust Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $15,025,000 $143,095 $0 0.00%

    For 2021, Southerntrust Bank's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,605,000 $55,426 $0 0.00%
    $100k-200k 38 $5,560,000 $146,316 $0 0.00%
    $200k-400k 14 $3,360,000 $240,000 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%
    $600k-1MM 2 $1,570,000 $785,000 $0 0.00%

    2021 saw Southerntrust Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $2,080,000 $104,000 $0 0.00%
    $50k-75k 17 $1,415,000 $83,235 $0 0.00%
    $75k-100k 13 $1,435,000 $110,385 $0 0.00%
    $100k-150k 12 $1,680,000 $140,000 $0 0.00%
    $250k+ 10 $2,040,000 $204,000 $0 0.00%
    $150k-250k 8 $1,260,000 $157,500 $0 0.00%

    Southerntrust Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $15,025,000 $143,095 $0 0.00%

    Southerntrust Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $9,365,000 $118,544 $0 0.00%
    Not applicable 26 $5,660,000 $217,692 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.46%

    Southerntrust Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.33%

    Southerntrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $15,025,000 $143,095

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $15,025,000 $143,095

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southerntrust Bank 101 N Broadway Goreville, IL 62939 Full Service B&M $39,139
    Southerntrust Bank 130 West Side Square Plymouth, IL 62367 Full Service B&M $9,251
    Southerntrust Bank 200 South First Street Vienna, IL 62995 Full Service B&M $35,936
    Southerntrust Bank 701 N Court St Marion, IL 62959 Full Service B&M $61,153

    For 2021, Southerntrust Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,388
    Net interest income $10,315
    Total noninterest income $928
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $124
    Trading account gains and fees $0
    Additional Noninterest Income $804
    Pre-tax net operating income $5,463
    Securities gains (or losses, -) $46
    Income before extraordinary items $4,110
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,110
    Minority interest net income $0
    Net income $4,110
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,073

    Southerntrust Bank's gross interest income from loans was $11,388,000.
    Southerntrust Bank's net interest income from loans was $10,315,000.
    Southerntrust Bank's fee based income from loans was $124,000.
    Southerntrust Bank's net income from loans was $4,110,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,073
    Provision for credit losses $557
    Total noninterest expense $5,223
    Salaries and employee benefits $3,034
    Premises and equipment expense $536
    Additional noninterest expense $1,653
    Applicable income taxes $1,399
    Net charge-offs $30
    Cash dividends $1,000

    Southerntrust Bank's interest expense for loans was $1,073,000.
    Southerntrust Bank's payroll and benefits expense were $3,034,000.
    Southerntrust Bank's property, plant and equipment expenses $536,000.

    Loan Performance

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

    Deposits

    Type Value (in 000's)
    Total deposits $149,360
    Deposits held in domestic offices $149,360
    Deposits by Individuals, partnerships, and corporations $110,451
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,644
    Deposits by Commercial banks and other depository institutions in U.S. $16,265
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $61,936
    Demand deposits $26,969
    Nontransaction accounts $87,424
    Money market deposit accounts (MMDAs) $28,155
    Other savings deposits (excluding MMDAs) $15,955
    Total time deposits $43,315
    Total time and savings deposits $122,391
    Noninterest-bearing deposits $24,872
    Interest-bearing deposits $124,488
    Retail deposits $142,980
    IRAs and Keogh plan accounts $1,188
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $209,458
    Cash & Balances due from depository institutions $17,298
    Interest-bearing balances $10,053
    Total securities $15,907
    Federal funds sold & reverse repurchase $0
    Net loans and leases $164,129
    Loan and leases loss allowance $1,338
    Trading account assets $0
    Bank premises and fixed assets $2,539
    Other real estate owned $0
    Goodwill and other intangibles $2,388
    All other assets $7,197

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $209,458
    Total Liabilities $186,380
    Total deposits $149,360
    Interest-bearing deposits $124,488
    Deposits held in domestic offices $149,360
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $272
    Trading liabilities $0
    Other borrowed funds $35,017
    Subordinated debt $0
    All other liabilities $1,731

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $164,129
    Loan and leases loss allowance $1,338
    Total loans and leases (domestic) $165,467
    All real estate loans $120,818
    Real estate loans in domestic offices $120,818
    Construction and development loans $12,231
    Residential 1-4 family construction $4,441
    Other construction, all land development and other land $7,790
    Loans secured by nonfarm nonresidential properties $44,654
    Nonfarm nonresidential secured by owner-occupied properties $22,593
    Commercial real estate & other non-farm, non-residential $22,061
    Multifamily residential real estate $3,913
    1-4 family residential loans $48,783
    Farmland loans $11,237
    Loans held in foreign offices $0
    Farm loans $1,402
    Commercial and industrial loans $35,879
    To non-U.S. addressees $0
    Loans to individuals $4,572
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,901
    Other loans to individuals $1,671
    All other loans & leases $2,796
    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 $94
    Non 1-4 family restructured loans & leases $94
    Total loans and leases (foreign) $0

    SouthernTrust Bank had $164,129,000 of loans outstanding in 2021. $120,818,000 of loans were in real estate loans. $12,231,000 of loans were in development loans. $3,913,000 of loans were in multifamily mortgage loans. $48,783,000 of loans were in 1-4 family mortgage loans. $1,402,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,901,000 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 127 $32,599 $256,685
    Nonfarm, nonresidential loans - <$100k 30 $1,029 $34,300
    Nonfarm, nonresidential loans - $100-250k 39 $5,956 $152,718
    Nonfarm, nonresidential loans - $250k-1MM 58 $25,614 $441,621
    Commercial & Industrial, US addressed loans - <$1MM 745 $27,150 $36,443
    Commercial & Industrial, US addressed loans - <$100k 664 $10,428 $15,705
    Commercial & Industrial, US addressed loans - $100-250k 48 $5,818 $121,208
    Commercial & Industrial, US addressed loans - $250k-1MM 33 $10,904 $330,424
    Farmland loans - <$1MM 56 $5,277 $94,232
    Farmland loans - <$100k 26 $1,125 $43,269
    Farmland loans - $100-250k 25 $2,894 $115,760
    Farmland loans - $250k-1MM 5 $1,258 $251,600
    Agriculture operations loans - <$1MM 30 $1,402 $46,733
    Agriculture operations loans - <$100k 22 $459 $20,864
    Agriculture operations loans - $100-250k 4 $278 $69,500
    Agriculture operations loans - $250k-1MM 4 $665 $166,250