Southern Bancorp Bank Mortgage Rates, Fees & Info
Arkadelphia, AR
LEI: 549300JQEF6V2RNWCC75
Tax ID: 71-0051510
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Mortgage Data
Bank Data
Overview
Southern Bancorp Bank is a
smaller
bank
specializing in
Refi and Home Purchase loans.
Southern Bancorp Bank has a high proportion of conventional loans.
Their top markets include Hot Springs, Little Rock, Arkadelphia, Jackson, and Memphis among others. Southern Bancorp Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
841
Origination Dollar Volume (All Markets)
$104,465,000
Employee count
385
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
HOT SPRINGS, AR (FHA|USDA|VA)
|
87
|
$17,995,000 |
$206,839 |
$1,673 |
4.18% |
Outside of Metro Areas
|
185 |
$15,485,000 |
$83,703 |
$948 |
4.51% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)
|
34
|
$11,060,000 |
$325,294 |
$2,748 |
3.37% |
Arkadelphia, AR (FHA|USDA|VA)
|
76
|
$7,290,000 |
$95,921 |
$1,320 |
3.68% |
JACKSON, MS (FHA|USDA|VA)
|
26
|
$6,110,000 |
$235,000 |
$1,650 |
3.95% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA)
|
31
|
$5,605,000 |
$180,806 |
$1,387 |
3.84% |
JONESBORO, AR (FHA|USDA|VA)
|
45
|
$5,555,000 |
$123,444 |
$1,264 |
3.66% |
Blytheville, AR (FHA|USDA|VA)
|
66
|
$4,660,000 |
$70,606 |
$1,370 |
4.01% |
Malvern, AR (FHA|USDA|VA)
|
50
|
$4,460,000 |
$89,200 |
$1,579 |
4.17% |
El Dorado, AR (FHA|USDA|VA)
|
44
|
$4,390,000 |
$99,773 |
$1,408 |
4.05% |
HATTIESBURG, MS (FHA|USDA|VA)
|
19
|
$3,435,000 |
$180,789 |
$1,677 |
3.87% |
Helena-West Helena, AR (FHA|USDA|VA)
|
45
|
$2,905,000 |
$64,556 |
$877 |
3.91% |
Greenville, MS (FHA|USDA|VA)
|
25
|
$2,305,000 |
$92,200 |
$1,137 |
3.82% |
Indianola, MS (FHA|USDA|VA)
|
40
|
$2,250,000 |
$56,250 |
$885 |
4.72% |
GULFPORT-BILOXI, MS (FHA|USDA|VA)
|
10
|
$1,910,000 |
$191,000 |
$2,611 |
4.31% |
Oxford, MS (FHA|USDA|VA)
|
2
|
$1,210,000 |
$605,000 |
$544 |
5.02% |
Cleveland, MS (FHA|USDA|VA)
|
8
|
$1,020,000 |
$127,500 |
$1,663 |
4.19% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$1,005,000 |
$1,005,000 |
$0 |
3.25% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)
|
4
|
$790,000 |
$197,500 |
$1,602 |
1.88% |
Camden, AR (FHA|USDA|VA)
|
3
|
$575,000 |
$191,667 |
$206 |
4.08% |
Picayune, MS (FHA|USDA|VA)
|
5
|
$495,000 |
$99,000 |
$2,054 |
4.00% |
PANAMA CITY, FL (FHA|USDA|VA)
|
2
|
$450,000 |
$225,000 |
$0 |
4.25% |
Russellville, AR (FHA|USDA|VA)
|
2
|
$370,000 |
$185,000 |
$1,272 |
4.63% |
Clarksdale, MS (FHA|USDA|VA)
|
6
|
$340,000 |
$56,667 |
$1,127 |
4.71% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
2
|
$280,000 |
$140,000 |
$180 |
4.60% |
BATON ROUGE, LA (FHA|USDA|VA)
|
1
|
$275,000 |
$275,000 |
$4,286 |
3.75% |
Laurel, MS (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$0 |
3.85% |
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$2,657 |
1.00% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$2,663 |
4.25% |
Magnolia, AR (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$0 |
4.00% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
3.95% |
TEXARKANA, TX-AR (FHA|USDA|VA)
|
4
|
$170,000 |
$42,500 |
$467 |
4.73% |
Sedalia, MO (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$1,692 |
1.00% |
PINE BLUFF, AR (FHA|USDA|VA)
|
3
|
$155,000 |
$51,667 |
$1,869 |
4.58% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,569 |
3.75% |
Greenwood, MS (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$1,030 |
3.75% |
Martin, TN (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$0 |
4.25% |
SPRINGFIELD, MO (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$1,880 |
4.25% |
JACKSON, TN (FHA|USDA|VA)
|
2
|
$90,000 |
$45,000 |
$0 |
3.75% |
McComb, MS (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$2,036 |
5.75% |
MONROE, LA (FHA|USDA|VA)
|
1
|
$55,000 |
$55,000 |
$2,314 |
3.75% |
Starkville, MS (FHA|USDA|VA)
|
1
|
$35,000 |
$35,000 |
$0 |
3.95% |
Southern Bancorp Bank's top markets include Hot Springs, Little Rock, Arkadelphia, Jackson, and Memphis among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
841 |
$104,465,000 |
$124,215 |
$1,344 |
4.09% |
For the 2021 period, Southern Bancorp Bank's most frequently
originated loan type
of loans were Conventional, with 841 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Refi |
428 |
$48,610,000 |
$113,575 |
$1,020 |
3.92% |
Home Purchase |
369 |
$54,275,000 |
$147,087 |
$2,039 |
4.23% |
Home Improvement |
32 |
$1,270,000 |
$39,688 |
$1,127 |
4.46% |
Other |
12 |
$310,000 |
$25,833 |
$721 |
4.96% |
For the 2021, Southern Bancorp Bank's most frequently cited loan
purpose
of loans were Refi, with 428
originations.
The 2nd most popular reason of loans were Home Purchase,
with 369 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Other |
278 |
$35,990,000 |
$129,460 |
$1,459 |
4.33% |
15 Year |
156 |
$20,640,000 |
$132,308 |
$1,446 |
4.02% |
20 Year |
142 |
$22,930,000 |
$161,479 |
$1,547 |
3.12% |
5 Year |
129 |
$15,945,000 |
$123,605 |
$721 |
4.64% |
10 Year |
92 |
$5,810,000 |
$63,152 |
$1,096 |
3.96% |
1 Year |
30 |
$2,600,000 |
$86,667 |
$834 |
4.65% |
3 Year |
14 |
$550,000 |
$39,286 |
$552 |
4.56% |
For the 2021, Southern Bancorp Bank's most frequently cited loan
length
of loans were Other, with 278 originations.
The 2nd most popular length of loans were 15 Year,
with 156 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
437 |
$44,015,000 |
$100,721 |
$1k-2k |
36 |
$9,740,000 |
$270,556 |
$2k-3k |
4 |
$1,720,000 |
$430,000 |
$3k-4k |
1 |
$905,000 |
$905,000 |
$5k+ |
1 |
$1,005,000 |
$1,005,000 |
$0 of loans were Southern Bancorp Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 437 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
3-4% |
341 |
$54,575,000 |
$160,044 |
4-5% |
311 |
$33,825,000 |
$108,762 |
5-6% |
86 |
$3,850,000 |
$44,767 |
<2.5% |
75 |
$11,055,000 |
$147,400 |
6-7% |
19 |
$885,000 |
$46,579 |
7-8% |
6 |
$220,000 |
$36,667 |
Over 8% |
3 |
$55,000 |
$18,333 |
During 2021, Southern Bancorp Bank's average interest
rate of loans were 0.00%, while their
most frequently originated rate bucket of loans were 3-4%,
with 341 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100,000 or less |
504 |
$24,050,000 |
$47,718 |
$961 |
4.38% |
$100k-200k |
204 |
$28,810,000 |
$141,225 |
$1,547 |
3.75% |
$200k-400k |
95 |
$25,115,000 |
$264,368 |
$2,030 |
3.40% |
$400k-600k |
19 |
$8,895,000 |
$468,158 |
$3,343 |
3.80% |
$600k-1MM |
11 |
$8,055,000 |
$732,273 |
$3,194 |
3.73% |
$1MM+ |
8 |
$9,540,000 |
$1,192,500 |
$7,753 |
3.81% |
2021 saw Southern Bancorp Bank place emphasis on
$100,000 or less loans
with 504 originations, totaling
$24,050,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$50k or less |
181 |
$9,235,000 |
$51,022 |
$1,004 |
4.46% |
$50k-75k |
135 |
$9,945,000 |
$73,667 |
$1,130 |
4.54% |
$100k-150k |
124 |
$14,940,000 |
$120,484 |
$1,446 |
4.22% |
$75k-100k |
94 |
$9,220,000 |
$98,085 |
$1,253 |
4.43% |
$150k-250k |
62 |
$8,970,000 |
$144,677 |
$2,003 |
4.28% |
$250k+ |
55 |
$15,435,000 |
$280,636 |
$2,941 |
4.29% |
Southern Bancorp Bank lent most frequently to those with incomes in the
$50k or less range, with
181 originations.
The second most popular income band? $50k-75k,
with 135 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
170 |
$20,050,000 |
$117,941 |
$1,433 |
3.64% |
<20% |
130 |
$12,650,000 |
$97,308 |
$1,294 |
3.87% |
30-36% |
109 |
$12,605,000 |
$115,642 |
$1,282 |
3.84% |
39% |
26 |
$3,420,000 |
$131,538 |
$1,771 |
4.56% |
36% |
21 |
$2,015,000 |
$95,952 |
$1,208 |
3.62% |
37% |
15 |
$1,795,000 |
$119,667 |
$1,203 |
4.34% |
38% |
12 |
$950,000 |
$79,167 |
$1,223 |
4.04% |
42% |
8 |
$1,540,000 |
$192,500 |
$1,994 |
2.95% |
40% |
8 |
$490,000 |
$61,250 |
$877 |
5.51% |
43% |
5 |
$735,000 |
$147,000 |
$1,407 |
3.55% |
>60% |
4 |
$570,000 |
$142,500 |
$1,237 |
4.00% |
41% |
4 |
$240,000 |
$60,000 |
$819 |
4.18% |
50-60% |
3 |
$295,000 |
$98,333 |
$651 |
4.35% |
45% |
3 |
$215,000 |
$71,667 |
$1,016 |
3.75% |
46% |
2 |
$140,000 |
$70,000 |
$295 |
3.75% |
48% |
2 |
$60,000 |
$30,000 |
$705 |
3.77% |
49% |
2 |
$180,000 |
$90,000 |
$194 |
4.26% |
Southern Bancorp Bank lent most frequently to those with DTI ratios
of 20-30%, with
170 originations.
The next most common DTI ratio? <20%,
with 130 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
562 |
$68,060,000 |
$121,103 |
$1,423 |
4.01% |
Not applicable |
112 |
$24,620,000 |
$219,821 |
$1,661 |
4.27% |
Black |
149 |
$9,475,000 |
$63,591 |
$1,067 |
4.21% |
American Indian |
7 |
$1,015,000 |
$145,000 |
$971 |
4.04% |
Asian |
6 |
$680,000 |
$113,333 |
$893 |
4.58% |
Not provided |
3 |
$455,000 |
$151,667 |
$1,714 |
4.60% |
Native Hawaiian |
2 |
$160,000 |
$80,000 |
$1,643 |
6.17% |
Approval Rates
Total approvals of all applications
88.45%
Southern Bancorp Bank has an average approval rate.
Pick Rate
Approvals leading to origination
87.15%
Southern Bancorp Bank has an average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
130.0 |
1 |
$35,000 |
$35,000 |
144.0 |
11 |
$245,000 |
$22,273 |
NA |
829 |
$104,185,000 |
$125,676 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
841 |
$104,465,000 |
$124,215 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
96 |
$6,740,000 |
$70,208 |
$861 |
4.27% |
40-60% |
165 |
$20,065,000 |
$121,606 |
$1,033 |
3.98% |
60-80% |
337 |
$42,625,000 |
$126,484 |
$1,515 |
4.07% |
80-100% |
209 |
$33,975,000 |
$162,560 |
$1,781 |
4.07% |
Over 100% |
1 |
$105,000 |
$105,000 |
$194 |
6.49% |
Under 20% |
33 |
$955,000 |
$28,939 |
$434 |
4.47% |
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) |
Southern Bancorp Bank |
1012 South Division Street Blytheville, AR 72315 |
Limited, Drive-thru
|
$3,074 |
Southern Bancorp Bank |
120 South Second Street Blytheville, AR 72315 |
Full Service B&M
|
$82,233 |
Southern Bancorp Bank |
128 Main Street Elaine, AR 72333 |
Full Service B&M
|
$11,066 |
Southern Bancorp Bank |
1615 West Hillsboro El Dorado, AR 71730 |
Full Service B&M
|
$14,098 |
Southern Bancorp Bank |
1868 Martin Luther King Jr., Boulevard South Greenville, MS 38701 |
Full Service B&M
|
$20,805 |
Southern Bancorp Bank |
1888 Main Street Crossing, Suite D Madison, MS 39110 |
Full Service B&M
|
$5,561 |
Southern Bancorp Bank |
206 Airport Rd Hot Springs, AR 71913 |
Full Service B&M
|
$27,032 |
Southern Bancorp Bank |
208 Ash Street Malvern, AR 72104 |
Full Service B&M
|
$44,080 |
Southern Bancorp Bank |
210 North Main Hamburg, AR 71646 |
Full Service B&M
|
$41,884 |
Southern Bancorp Bank |
215 South Broadway Greenville, MS 38701 |
Full Service B&M
|
$3,166 |
Southern Bancorp Bank |
220 W Cross Street De Witt, AR 72042 |
Full Service B&M
|
$117,570 |
Southern Bancorp Bank |
2212 Malvern Avenue, Suite 1 Hot Springs, AR 71901 |
Full Service B&M
|
$28,504 |
Southern Bancorp Bank |
2421 North West Avenue El Dorado, AR 71730 |
Full Service B&M
|
$111,306 |
Southern Bancorp Bank |
2500 Pine St Arkadelphia, AR 71923 |
Full Service B&M
|
$60,359 |
Southern Bancorp Bank |
2943 S Highway 65 Eudora, AR 71640 |
Full Service B&M
|
$9,093 |
Southern Bancorp Bank |
599 Airbase Highway Blytheville, AR 72315 |
Limited, Drive-thru
|
$3,599 |
Southern Bancorp Bank |
600 East 22nd Street Stuttgart, AR 72160 |
Full Service B&M
|
$38,896 |
Southern Bancorp Bank |
600 Main Street Gurdon, AR 71743 |
Full Service B&M
|
$12,398 |
Southern Bancorp Bank |
601 Main St Arkadelphia, AR 71923 |
Full Service B&M
|
$275,110 |
Southern Bancorp Bank |
6140 Hwy 49 Barton, AR 72312 |
Full Service B&M
|
$8,383 |
Southern Bancorp Bank |
6764 Arkansas 7 Bismarck, AR 71929 |
Full Service B&M
|
$28,706 |
Southern Bancorp Bank |
807 North 6th Street Blytheville, AR 72315 |
Limited, Drive-thru
|
$32,703 |
Southern Bancorp Bank |
815 Darby Avenue Lambert, MS 38643 |
Full Service B&M
|
$4,321 |
Southern Bancorp Bank |
875 South State Street Clarksdale, MS 38614 |
Full Service B&M
|
$26,966 |
Southern Bancorp Bank |
9 Lakeshore Drive Carriere, MS 39426 |
Full Service B&M
|
$8,779 |
Southern Bancorp Bank |
911 Highway 49 Marvell, AR 72366 |
Full Service B&M
|
$12,734 |
Southern Bancorp Bank |
970 Byhalia Road Hernando, MS 38632 |
Full Service B&M
|
$21,220 |
Southern Bancorp Bank |
Front Street Lula, MS 38644 |
Full Service B&M
|
$7,053 |
Southern Bancorp Bank |
U. S. Highway 61 Mound Bayou, MS 38762 |
Limited, Drive-thru
|
$0 |
Southern Bancorp Bank |
117 West Floyce Street Ruleville, MS 38771 |
Full Service B&M
|
$14,527 |
Southern Bancorp Bank |
2nd And Forest Street Shelby, MS 38774 |
Full Service B&M
|
$21,376 |
Southern Bancorp Bank |
3 Caddo Crossing Glenwood, AR 71943 |
Full Service B&M
|
$8,145 |
Southern Bancorp Bank |
3002 Hardy St., Ste. 100 Hattiesburg, MS 39401 |
Full Service B&M
|
$6,308 |
Southern Bancorp Bank |
323 Hwy 82 East Leland, MS 38756 |
Full Service B&M
|
$4,345 |
Southern Bancorp Bank |
326 Highway 463 North Trumann, AR 72472 |
Full Service B&M
|
$104,247 |
Southern Bancorp Bank |
400 Hardin Rd, Ste 100 Little Rock, AR 72211 |
Limited, Drive-thru
|
$0 |
Southern Bancorp Bank |
403 Highway 18 South Manila, AR 72442 |
Limited, Drive-thru
|
$26,432 |
Southern Bancorp Bank |
4138 Central Avenue Hot Springs, AR 71913 |
Full Service B&M
|
$83,757 |
Southern Bancorp Bank |
425 East Plaza Street West Helena, AR 72390 |
Full Service B&M
|
$117,994 |
Southern Bancorp Bank |
432 N Sebastian West Helena, AR 72390 |
Full Service B&M
|
$21,541 |
Southern Bancorp Bank |
502 Cherry Street Helena, AR 72342 |
Full Service B&M
|
$31,582 |
Southern Bancorp Bank |
506 Highway 270 East Mount Ida, AR 71957 |
Full Service B&M
|
$46,590 |
Southern Bancorp Bank |
507 Highway 82 East Indianola, MS 38751 |
Full Service B&M
|
$17,058 |
Southern Bancorp Bank |
574 Second Street Friars Point, MS 38631 |
Full Service B&M
|
$988 |
Southern Bancorp Bank |
103 W. Main Lockesburg, AR 71846 |
Full Service B&M
|
$18,066 |
Southern Bancorp Bank |
104 Main Street Sledge, MS 38670 |
Full Service B&M
|
$4,295 |
Southern Bancorp Bank |
1040 East Main Street Blytheville, AR 72315 |
Limited, Drive-thru
|
$22,432 |
Southern Bancorp Bank |
108 North Main Street Drew, MS 38737 |
Full Service B&M
|
$5,490 |
Southern Bancorp Bank |
11288 Highway 49 East Webb, MS 38966 |
Full Service B&M
|
$23,963 |
For 2021, Southern Bancorp Bank had 49 branches.
Yearly Performance Overview
Bank Income
Southern Bancorp Bank's gross interest income from loans was $66,229,000.
Southern Bancorp Bank's net interest income from loans was $61,135,000.
Southern Bancorp Bank's fee based income from loans was $4,277,000.
Southern Bancorp Bank's net income from loans was $18,432,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$5,094 |
Provision for credit losses |
$0 |
Total noninterest expense |
$47,838 |
Salaries and employee benefits |
$26,101 |
Premises and equipment expense |
$6,127 |
Additional noninterest expense |
$15,610 |
Applicable income taxes |
$5,950 |
Net charge-offs |
$734 |
Cash dividends |
$12,000 |
Southern Bancorp Bank's interest expense for loans was $5,094,000.
Southern Bancorp Bank's payroll and benefits expense were $26,101,000.
Southern Bancorp Bank's property, plant and equipment expenses $6,127,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$1,723,734 |
Deposits held in domestic offices |
$1,723,734 |
Deposits by Individuals, partnerships, and corporations |
$1,417,420 |
Deposits by U.S. Government |
$2 |
Deposits by States and political subdivisions in the U.S. |
$299,044 |
Deposits by Commercial banks and other depository institutions in U.S. |
$7,267 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$124,059 |
Demand deposits |
$73,795 |
Nontransaction accounts |
$1,599,674 |
Money market deposit accounts (MMDAs) |
$160,590 |
Other savings deposits (excluding MMDAs) |
$1,187,167 |
Total time deposits |
$251,918 |
Total time and savings deposits |
$1,649,938 |
Noninterest-bearing deposits |
$73,795 |
Interest-bearing deposits |
$1,649,939 |
Retail deposits |
$1,665,233 |
IRAs and Keogh plan accounts |
$40,824 |
Brokered deposits |
$17,612 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$2,053,972 |
Cash & Balances due from depository institutions |
$114,723 |
Interest-bearing balances |
$83,527 |
Total securities |
$550,312 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$1,230,441 |
Loan and leases loss allowance |
$16,490 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$42,788 |
Other real estate owned |
$1,020 |
Goodwill and other intangibles |
$44,983 |
All other assets |
$69,705 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$2,053,972 |
Total Liabilities |
$1,843,102 |
Total deposits |
$1,723,734 |
Interest-bearing deposits |
$1,649,939 |
Deposits held in domestic offices |
$1,723,734 |
% insured (estimated) |
$71 |
Federal funds purchased and repurchase agreements |
$31,155 |
Trading liabilities |
$0 |
Other borrowed funds |
$76,656 |
Subordinated debt |
$0 |
All other liabilities |
$11,557 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$1,230,441 |
Loan and leases loss allowance |
$16,490 |
Total loans and leases (domestic) |
$1,246,931 |
All real estate loans |
$964,397 |
Real estate loans in domestic offices |
$964,397 |
Construction and development loans |
$114,181 |
Residential 1-4 family construction |
$37,366 |
Other construction, all land development and other land |
$76,815 |
Loans secured by nonfarm nonresidential properties |
$296,308 |
Nonfarm nonresidential secured by owner-occupied properties |
$178,319 |
Commercial real estate & other non-farm, non-residential |
$117,989 |
Multifamily residential real estate |
$35,145 |
1-4 family residential loans |
$333,666 |
Farmland loans |
$185,097 |
Loans held in foreign offices |
$0 |
Farm loans |
$66,985 |
Commercial and industrial loans |
$164,518 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$34,733 |
Credit card loans |
$0 |
Related Plans |
$313 |
Consumer Auto Loans |
$7,999 |
Other loans to individuals |
$26,421 |
All other loans & leases |
$16,297 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$4,113 |
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 |
$15,083 |
Non 1-4 family restructured loans & leases |
$14,234 |
Total loans and leases (foreign) |
$0 |
Southern Bancorp Bank had $1,230,441,000 of loans outstanding in 2021. $964,397,000 of loans were in real estate loans.
$114,181,000 of loans were in development loans. $35,145,000 of loans were in multifamily mortgage loans.
$333,666,000 of loans were in 1-4 family mortgage loans. $66,985,000 of loans were in farm loans. $0
of loans were in credit card loans. $7,999,000 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 |
883 |
$130,780 |
$148,109 |
Nonfarm, nonresidential loans - <$100k |
399 |
$15,989 |
$40,073 |
Nonfarm, nonresidential loans - $100-250k |
252 |
$29,120 |
$115,556 |
Nonfarm, nonresidential loans - $250k-1MM |
232 |
$85,671 |
$369,272 |
Commercial & Industrial, US addressed loans - <$1MM |
1,470 |
$84,711 |
$57,627 |
Commercial & Industrial, US addressed loans - <$100k |
1,153 |
$30,948 |
$26,841 |
Commercial & Industrial, US addressed loans - $100-250k |
208 |
$22,431 |
$107,841 |
Commercial & Industrial, US addressed loans - $250k-1MM |
109 |
$31,332 |
$287,450 |
Farmland loans - <$1MM |
360 |
$38,712 |
$107,533 |
Farmland loans - <$100k |
195 |
$8,163 |
$41,862 |
Farmland loans - $100-250k |
107 |
$14,118 |
$131,944 |
Farmland loans - $250k-1MM |
58 |
$16,431 |
$283,293 |
Agriculture operations loans - <$1MM |
415 |
$32,967 |
$79,439 |
Agriculture operations loans - <$100k |
317 |
$20,254 |
$63,893 |
Agriculture operations loans - $100-250k |
66 |
$6,584 |
$99,758 |
Agriculture operations loans - $250k-1MM |
32 |
$6,129 |
$191,531 |