Insouth Bank Mortgage Rates, Fees & Info

Brownsville, TN

LEI: 5493007VODM6C3GLTV93

Tax ID: 62-0142445

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Mortgage Data

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

    Insouth Bank is a smaller bank specializing in Refi and Home Purchase loans. Insouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Brownsville, Jackson, Oxford, and Dyersburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Insouth 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

    115

    Origination Dollar Volume (All Markets)

    $11,955,000

    Employee count

    93

    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
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 47 $5,745,000 $122,234 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 50 $4,360,000 $87,200 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 9 $1,255,000 $139,444 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 4 $380,000 $95,000 $0 0.00%
    Outside of Metro Areas 3 $135,000 $45,000 $0 0.00%
    Dyersburg, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Paris, TN (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Insouth Bank's top markets include Memphis, Brownsville, Jackson, Oxford, and Dyersburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $11,955,000 $103,957 $0 0.00%

    For 2018, Insouth Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $6,495,000 $88,973 $0 0.00%
    Home Purchase 36 $5,170,000 $143,611 $0 0.00%
    Home Improvement 4 $130,000 $32,500 $0 0.00%
    Other 2 $160,000 $80,000 $0 0.00%

    For 2018, Insouth Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $11,955,000 $103,957 $0 0.00%

    For 2018, Insouth Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $3,755,000 $48,766 $0 0.00%
    $100k-200k 25 $3,335,000 $133,400 $0 0.00%
    $200k-400k 9 $2,425,000 $269,444 $0 0.00%
    $400k-600k 3 $1,575,000 $525,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2018 saw Insouth Bank place emphasis on $100,000 or less loans with 77 originations, totaling $3,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $1,875,000 $48,077 $0 0.00%
    $50k-75k 18 $1,060,000 $58,889 $0 0.00%
    $75k-100k 16 $1,730,000 $108,125 $0 0.00%
    $250k+ 12 $3,170,000 $264,167 $0 0.00%
    $100k-150k 8 $370,000 $46,250 $0 0.00%
    $150k-250k 8 $1,750,000 $218,750 $0 0.00%

    Insouth Bank lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $11,955,000 $103,957 $0 0.00%

    Insouth Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $8,675,000 $102,059 $0 0.00%
    Not applicable 12 $1,940,000 $161,667 $0 0.00%
    Black 17 $795,000 $46,765 $0 0.00%
    Asian Indian 1 $545,000 $545,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.85%

    Insouth Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.91%

    Insouth Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $11,955,000 $103,957

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,365,000 $273,000
    Single Family (1-4 Units):Manufactured 14 $540,000 $38,571
    Single Family (1-4 Units):Site-Built 96 $10,050,000 $104,688

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    INSOUTH Bank 10950 Highway 51 South Atoka, TN 38004 Full Service B&M $30,310
    INSOUTH Bank 111 South Washington Street Brownsville, TN 38012 Full Service B&M $111,609
    INSOUTH Bank 1119 Dupree Street Brownsville, TN 38012 Limited, Drive-thru $0
    INSOUTH Bank 425 Highway 51 South Covington, TN 38019 Full Service B&M $65,181
    INSOUTH Bank 5299 Poplar Avenue Memphis, TN 38119 Full Service B&M $25,656
    INSOUTH Bank 7696 Highway 51 North Millington, TN 38053 Full Service B&M $38,070

    For 2018, Insouth Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,724
    Net interest income $14,377
    Total noninterest income $4,083
    Gross Fiduciary activities income $2
    Service charges on deposit accounts $2,275
    Trading account gains and fees $0
    Additional Noninterest Income $1,806
    Pre-tax net operating income $5,343
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,017
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,017
    Minority interest net income $0
    Net income $4,017
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,017

    Insouth Bank's gross interest income from loans was $15,724,000.
    Insouth Bank's net interest income from loans was $14,377,000.
    Insouth Bank's fee based income from loans was $2,275,000.
    Insouth Bank's net income from loans was $4,017,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,347
    Provision for credit losses $683
    Total noninterest expense $12,434
    Salaries and employee benefits $7,516
    Premises and equipment expense $1,557
    Additional noninterest expense $3,361
    Applicable income taxes $1,326
    Net charge-offs $234
    Cash dividends $2,325

    Insouth Bank's interest expense for loans was $1,347,000.
    Insouth Bank's payroll and benefits expense were $7,516,000.
    Insouth Bank's property, plant and equipment expenses $1,557,000.

    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 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    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 $270,254
    Deposits held in domestic offices $270,254
    Deposits by Individuals, partnerships, and corporations $245,196
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,047
    Deposits by Commercial banks and other depository institutions in U.S. $12
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $130,081
    Demand deposits $64,677
    Nontransaction accounts $140,174
    Money market deposit accounts (MMDAs) $37,930
    Other savings deposits (excluding MMDAs) $26,493
    Total time deposits $75,751
    Total time and savings deposits $205,578
    Noninterest-bearing deposits $64,701
    Interest-bearing deposits $205,553
    Retail deposits $259,517
    IRAs and Keogh plan accounts $15,634
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $323,312
    Cash & Balances due from depository institutions $8,887
    Interest-bearing balances $4,445
    Total securities $40,303
    Federal funds sold & reverse repurchase $1,434
    Net loans and leases $251,267
    Loan and leases loss allowance $2,503
    Trading account assets $0
    Bank premises and fixed assets $5,064
    Other real estate owned $105
    Goodwill and other intangibles $0
    All other assets $16,252

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $323,312
    Total Liabilities $291,818
    Total deposits $270,254
    Interest-bearing deposits $205,553
    Deposits held in domestic offices $270,254
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $1,430
    Trading liabilities $0
    Other borrowed funds $19,053
    Subordinated debt $0
    All other liabilities $1,081

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $251,267
    Loan and leases loss allowance $2,503
    Total loans and leases (domestic) $253,770
    All real estate loans $191,605
    Real estate loans in domestic offices $191,605
    Construction and development loans $15,888
    Residential 1-4 family construction $7,502
    Other construction, all land development and other land $8,386
    Loans secured by nonfarm nonresidential properties $76,809
    Nonfarm nonresidential secured by owner-occupied properties $34,712
    Commercial real estate & other non-farm, non-residential $42,097
    Multifamily residential real estate $3,563
    1-4 family residential loans $73,631
    Farmland loans $21,714
    Loans held in foreign offices $0
    Farm loans $5,290
    Commercial and industrial loans $47,012
    To non-U.S. addressees $0
    Loans to individuals $9,745
    Credit card loans $0
    Related Plans $110
    Consumer Auto Loans $3,367
    Other loans to individuals $6,268
    All other loans & leases $118
    Loans to foreign governments and official institutions $0
    Other loans $118
    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 $209
    Non 1-4 family restructured loans & leases $128
    Total loans and leases (foreign) $0

    INSOUTH Bank had $251,267,000 of loans outstanding in 2018. $191,605,000 of loans were in real estate loans. $15,888,000 of loans were in development loans. $3,563,000 of loans were in multifamily mortgage loans. $73,631,000 of loans were in 1-4 family mortgage loans. $5,290,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,367,000 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 145 $29,938 $206,469
    Nonfarm, nonresidential loans - <$100k 47 $2,284 $48,596
    Nonfarm, nonresidential loans - $100-250k 36 $5,422 $150,611
    Nonfarm, nonresidential loans - $250k-1MM 62 $22,232 $358,581
    Commercial & Industrial, US addressed loans - <$1MM 389 $23,763 $61,087
    Commercial & Industrial, US addressed loans - <$100k 314 $8,896 $28,331
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,154 $101,059
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $9,713 $404,708
    Farmland loans - <$1MM 101 $10,973 $108,644
    Farmland loans - <$100k 56 $2,580 $46,071
    Farmland loans - $100-250k 32 $3,890 $121,563
    Farmland loans - $250k-1MM 13 $4,503 $346,385
    Agriculture operations loans - <$1MM 51 $3,327 $65,235
    Agriculture operations loans - <$100k 31 $1,016 $32,774
    Agriculture operations loans - $100-250k 16 $1,554 $97,125
    Agriculture operations loans - $250k-1MM 4 $757 $189,250