Banksouth Mortgage Rates, Fees & Info
Greensboro, GALEI: 549300EA0U825E61X330
Tax ID: 58-2267017
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Mortgage Data
Bank Data
Review & Overview
Banksouth is a smaller bank specializing in Home Purchase loans. Banksouth has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Savannah, Athens, Hinesville, and Rome among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Banksouth has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
196Origination Dollar Volume (All Markets)
$87,930,000Employee count
357Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 50 | $33,160,000 | $663,200 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 56 | $19,630,000 | $350,536 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 36 | $15,890,000 | $441,389 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 34 | $6,080,000 | $178,824 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $3,805,000 | $3,805,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $87,930,000 | $448,622 | $0 | 0.00% |
For 2021, Banksouth's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 155 | $75,405,000 | $486,484 | $0 | 0.00% |
| Refi | 37 | $12,145,000 | $328,243 | $0 | 0.00% |
| Home Improvement | 4 | $380,000 | $95,000 | $0 | 0.00% |
For 2021, Banksouth's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $87,930,000 | $448,622 | $0 | 0.00% |
For 2021, Banksouth's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2021 saw Banksouth place emphasis on $200k-400k loans with 52 originations, totaling $15,520,000 in origination value.
Applicant Income
Banksouth lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $87,930,000 | $448,622 | $0 | 0.00% |
Banksouth lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.56%
Banksouth has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.71%
Banksouth has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $87,930,000 | $448,622 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Banksouth | 6340 Lake Oconee Parkway Greensboro, GA 30642 | Full Service B&M | $141,890 |
| Banksouth | 18 West Bryan Street Savannah, GA 31401 | Full Service B&M | $151,178 |
| Banksouth | 200 N East Street Greensboro, GA 30642 | Full Service B&M | $451,213 |
| Banksouth | 3290 Northside Parkway Atlanta, GA 30327 | Full Service B&M | $47,820 |
| Banksouth | 613 Stephenson Avenue Savannah, GA 31405 | Full Service B&M | $0 |
| Banksouth | 7911 Macon Highway Watkinsville, GA 30677 | Full Service B&M | $139,931 |
For 2021, Banksouth had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $39,859 |
| Net interest income | $36,297 |
| Total noninterest income | $85,985 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,112 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $84,873 |
| Pre-tax net operating income | $33,518 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $26,001 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,001 |
| Minority interest net income | $0 |
| Net income | $26,001 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $26,001 |
Banksouth's gross interest income from loans was $39,859,000.
Banksouth's net interest income from loans was $36,297,000.
Banksouth's fee based income from loans was $1,112,000.
Banksouth's net income from loans was $26,001,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,562 |
| Provision for credit losses | $645 |
| Total noninterest expense | $88,119 |
| Salaries and employee benefits | $64,061 |
| Premises and equipment expense | $4,022 |
| Additional noninterest expense | $20,036 |
| Applicable income taxes | $7,517 |
| Net charge-offs | $-80 |
| Cash dividends | $8,250 |
Banksouth's interest expense for loans was $3,562,000.
Banksouth's payroll and benefits expense were $64,061,000.
Banksouth's property, plant and equipment expenses $4,022,000.
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 | 0.0% |
| HELOC loans | 1.0% |
| 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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,038,856 |
| Deposits held in domestic offices | $1,038,856 |
| Deposits by Individuals, partnerships, and corporations | $991,869 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $46,987 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $503,591 |
| Demand deposits | $503,591 |
| Nontransaction accounts | $535,265 |
| Money market deposit accounts (MMDAs) | $391,943 |
| Other savings deposits (excluding MMDAs) | $30,241 |
| Total time deposits | $113,082 |
| Total time and savings deposits | $535,265 |
| Noninterest-bearing deposits | $315,986 |
| Interest-bearing deposits | $722,870 |
| Retail deposits | $1,004,908 |
| IRAs and Keogh plan accounts | $11,875 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,184,588 |
| Cash & Balances due from depository institutions | $256,857 |
| Interest-bearing balances | $251,530 |
| Total securities | $20,784 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $849,875 |
| Loan and leases loss allowance | $12,073 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,783 |
| Other real estate owned | $14 |
| Goodwill and other intangibles | $7,191 |
| All other assets | $40,084 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,184,588 |
| Total Liabilities | $1,074,939 |
| Total deposits | $1,038,856 |
| Interest-bearing deposits | $722,870 |
| Deposits held in domestic offices | $1,038,856 |
| % insured (estimated) | $60 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $16,083 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $849,875 |
| Loan and leases loss allowance | $12,073 |
| Total loans and leases (domestic) | $861,948 |
| All real estate loans | $807,394 |
| Real estate loans in domestic offices | $807,394 |
| Construction and development loans | $203,078 |
| Residential 1-4 family construction | $107,068 |
| Other construction, all land development and other land | $96,010 |
| Loans secured by nonfarm nonresidential properties | $195,734 |
| Nonfarm nonresidential secured by owner-occupied properties | $63,380 |
| Commercial real estate & other non-farm, non-residential | $132,354 |
| Multifamily residential real estate | $18,030 |
| 1-4 family residential loans | $390,552 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $235 |
| Commercial and industrial loans | $48,333 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,987 |
| Credit card loans | $0 |
| Related Plans | $593 |
| Consumer Auto Loans | $1,163 |
| Other loans to individuals | $4,231 |
| All other loans & leases | $0 |
| 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 | $512 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
BankSouth had $849,875,000 of loans outstanding in 2021. $807,394,000 of loans were in real estate loans. $203,078,000 of loans were in development loans. $18,030,000 of loans were in multifamily mortgage loans. $390,552,000 of loans were in 1-4 family mortgage loans. $235,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,163,000 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 | 173 | $49,661 | $287,058 |
| Nonfarm, nonresidential loans - <$100k | 22 | $1,165 | $52,955 |
| Nonfarm, nonresidential loans - $100-250k | 50 | $6,889 | $137,780 |
| Nonfarm, nonresidential loans - $250k-1MM | 101 | $41,607 | $411,950 |
| Commercial & Industrial, US addressed loans - <$1MM | 257 | $18,523 | $72,074 |
| Commercial & Industrial, US addressed loans - <$100k | 179 | $3,661 | $20,453 |
| Commercial & Industrial, US addressed loans - $100-250k | 41 | $4,208 | $102,634 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 37 | $10,654 | $287,946 |
| Agriculture operations loans - <$1MM | 4 | $235 | $58,750 |
| Agriculture operations loans - <$100k | 2 | $65 | $32,500 |
| Agriculture operations loans - $100-250k | 1 | $53 | $53,000 |
| Agriculture operations loans - $250k-1MM | 1 | $117 | $117,000 |