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 Home Purchase and Refi loans. Insouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Jackson, Brownsville, Oxford, and Birmingham 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

    119

    Origination Dollar Volume (All Markets)

    $12,885,000

    Employee count

    95

    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) 62 $5,690,000 $91,774 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 18 $2,640,000 $146,667 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 25 $2,305,000 $92,200 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 3 $1,065,000 $355,000 $0 0.00%
    Outside of Metro Areas 7 $985,000 $140,714 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $115,000 $38,333 $0 0.00%
    Dyersburg, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Insouth Bank's top markets include Memphis, Jackson, Brownsville, Oxford, and Birmingham among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $12,885,000 $108,277 $0 0.00%

    For 2019, Insouth Bank's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $9,045,000 $120,600 $0 0.00%
    Refi 38 $3,510,000 $92,368 $0 0.00%
    Home Improvement 6 $330,000 $55,000 $0 0.00%

    For 2019, Insouth Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 119 $12,885,000 $108,277 $0 0.00%

    For 2019, Insouth Bank's most frequently cited loan duration was Other, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 81 $4,145,000 $51,173 $0 0.00%
    $100k-200k 24 $3,430,000 $142,917 $0 0.00%
    $200k-400k 10 $2,550,000 $255,000 $0 0.00%
    $400k-600k 2 $1,010,000 $505,000 $0 0.00%
    $1MM+ 1 $1,105,000 $1,105,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2019 saw Insouth Bank place emphasis on $100,000 or less loans with 81 originations, totaling $4,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 23 $3,375,000 $146,739 $0 0.00%
    $100k-150k 17 $1,575,000 $92,647 $0 0.00%
    $50k or less 17 $895,000 $52,647 $0 0.00%
    $150k-250k 13 $1,715,000 $131,923 $0 0.00%
    $50k-75k 9 $695,000 $77,222 $0 0.00%
    $75k-100k 8 $650,000 $81,250 $0 0.00%

    Insouth Bank lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 119 $12,885,000 $108,277 $0 0.00%

    Insouth Bank lent most frequently to those with DTI ratios of Exempt%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $8,055,000 $110,342 $0 0.00%
    Not applicable 33 $4,075,000 $123,485 $0 0.00%
    Black 12 $670,000 $55,833 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    Insouth Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.44%

    Insouth Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 119 $12,885,000 $108,277

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $95,000 $95,000
    Multifamily:Site-Built 3 $1,285,000 $428,333
    Single Family (1-4 Units):Manufactured 6 $290,000 $48,333
    Single Family (1-4 Units):Site-Built 109 $11,215,000 $102,890

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    INSOUTH Bank 10950 Highway 51 South Atoka, TN 38004 Full Service B&M $29,397
    INSOUTH Bank 111 South Washington Street Brownsville, TN 38012 Full Service B&M $118,099
    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 $67,865
    INSOUTH Bank 5299 Poplar Avenue Memphis, TN 38119 Full Service B&M $24,420
    INSOUTH Bank 7696 Highway 51 North Millington, TN 38053 Full Service B&M $37,118

    For 2019, Insouth Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,578
    Net interest income $14,411
    Total noninterest income $4,782
    Gross Fiduciary activities income $1
    Service charges on deposit accounts $2,256
    Trading account gains and fees $0
    Additional Noninterest Income $2,525
    Pre-tax net operating income $5,391
    Securities gains (or losses, -) $211
    Income before extraordinary items $4,226
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,226
    Minority interest net income $0
    Net income $4,226
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,059

    Insouth Bank's gross interest income from loans was $16,578,000.
    Insouth Bank's net interest income from loans was $14,411,000.
    Insouth Bank's fee based income from loans was $2,256,000.
    Insouth Bank's net income from loans was $4,226,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,167
    Provision for credit losses $692
    Total noninterest expense $13,110
    Salaries and employee benefits $7,936
    Premises and equipment expense $1,724
    Additional noninterest expense $3,450
    Applicable income taxes $1,376
    Net charge-offs $231
    Cash dividends $2,600

    Insouth Bank's interest expense for loans was $2,167,000.
    Insouth Bank's payroll and benefits expense were $7,936,000.
    Insouth Bank's property, plant and equipment expenses $1,724,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    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 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $286,254
    Deposits held in domestic offices $286,254
    Deposits by Individuals, partnerships, and corporations $255,901
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,346
    Deposits by Commercial banks and other depository institutions in U.S. $7
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $27,505
    Demand deposits $17,638
    Nontransaction accounts $258,749
    Money market deposit accounts (MMDAs) $42,475
    Other savings deposits (excluding MMDAs) $132,363
    Total time deposits $83,912
    Total time and savings deposits $268,616
    Noninterest-bearing deposits $68,434
    Interest-bearing deposits $217,820
    Retail deposits $272,360
    IRAs and Keogh plan accounts $15,512
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $331,525
    Cash & Balances due from depository institutions $8,049
    Interest-bearing balances $3,172
    Total securities $34,904
    Federal funds sold & reverse repurchase $811
    Net loans and leases $265,450
    Loan and leases loss allowance $2,965
    Trading account assets $0
    Bank premises and fixed assets $7,142
    Other real estate owned $144
    Goodwill and other intangibles $0
    All other assets $15,025

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $331,525
    Total Liabilities $297,697
    Total deposits $286,254
    Interest-bearing deposits $217,820
    Deposits held in domestic offices $286,254
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,443

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $265,450
    Loan and leases loss allowance $2,965
    Total loans and leases (domestic) $268,415
    All real estate loans $198,275
    Real estate loans in domestic offices $198,275
    Construction and development loans $21,672
    Residential 1-4 family construction $8,163
    Other construction, all land development and other land $13,509
    Loans secured by nonfarm nonresidential properties $75,577
    Nonfarm nonresidential secured by owner-occupied properties $35,982
    Commercial real estate & other non-farm, non-residential $39,595
    Multifamily residential real estate $3,913
    1-4 family residential loans $72,812
    Farmland loans $24,301
    Loans held in foreign offices $0
    Farm loans $4,269
    Commercial and industrial loans $56,120
    To non-U.S. addressees $0
    Loans to individuals $9,548
    Credit card loans $0
    Related Plans $103
    Consumer Auto Loans $2,807
    Other loans to individuals $6,638
    All other loans & leases $203
    Loans to foreign governments and official institutions $0
    Other loans $203
    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 $199
    Non 1-4 family restructured loans & leases $120
    Total loans and leases (foreign) $0

    INSOUTH Bank had $265,450,000 of loans outstanding in 2019. $198,275,000 of loans were in real estate loans. $21,672,000 of loans were in development loans. $3,913,000 of loans were in multifamily mortgage loans. $72,812,000 of loans were in 1-4 family mortgage loans. $4,269,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,807,000 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 157 $30,144 $192,000
    Nonfarm, nonresidential loans - <$100k 59 $2,684 $45,492
    Nonfarm, nonresidential loans - $100-250k 39 $6,050 $155,128
    Nonfarm, nonresidential loans - $250k-1MM 59 $21,410 $362,881
    Commercial & Industrial, US addressed loans - <$1MM 422 $23,392 $55,431
    Commercial & Industrial, US addressed loans - <$100k 350 $11,418 $32,623
    Commercial & Industrial, US addressed loans - $100-250k 53 $5,011 $94,547
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $6,963 $366,474
    Farmland loans - <$1MM 97 $11,296 $116,454
    Farmland loans - <$100k 48 $2,159 $44,979
    Farmland loans - $100-250k 35 $4,362 $124,629
    Farmland loans - $250k-1MM 14 $4,775 $341,071
    Agriculture operations loans - <$1MM 52 $3,097 $59,558
    Agriculture operations loans - <$100k 33 $1,101 $33,364
    Agriculture operations loans - $100-250k 17 $1,682 $98,941
    Agriculture operations loans - $250k-1MM 2 $314 $157,000