Southern Bancorp Bank Mortgage Rates, Fees & Info

Arkadelphia, AR

LEI: 549300JQEF6V2RNWCC75

Tax ID: 71-0051510

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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 by origination volume include: Hot Springs, Little Rock, Hattiesburg, Memphis, and Arkadelphia among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern Bancorp Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Southern Bancorp Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.20% 4/14/24
    30 Year Conventional Refi 6.27% 4/14/24
    30 Year FHA Purchase 7.38% 4/14/24
    30 Year VA Purchase 6.27% 4/14/24
    30 Year USDA Purchase 7.45% 4/14/24
    15 Year Conventional Purchase 6.35% 4/14/24
    15 Year Conventional Refi 6.03% 4/14/24
    15 Year Cash-out Refi 6.03% 4/14/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Southern Bancorp Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Southern Bancorp Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    684

    Origination Dollar Volume (All Markets)

    $96,630,000

    Employee count

    358

    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
    HOT SPRINGS, AR (FHA|USDA|VA) 85 $18,345,000 $215,824 $1,179 4.47%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 26 $13,130,000 $505,000 $1,510 4.44%
    HATTIESBURG, MS (FHA|USDA|VA) 16 $9,910,000 $619,375 $1,889 3.84%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 23 $7,175,000 $311,957 $2,878 4.49%
    Arkadelphia, AR (FHA|USDA|VA) 56 $6,140,000 $109,643 $1,166 4.64%
    Outside of Metro Areas 75 $6,095,000 $81,267 $958 4.89%
    JONESBORO, AR (FHA|USDA|VA) 58 $6,090,000 $105,000 $1,241 4.68%
    JACKSON, MS (FHA|USDA|VA) 23 $5,685,000 $247,174 $2,081 4.92%
    Malvern, AR (FHA|USDA|VA) 46 $3,690,000 $80,217 $1,430 4.79%
    Blytheville, AR (FHA|USDA|VA) 50 $3,630,000 $72,600 $1,027 4.89%
    El Dorado, AR (FHA|USDA|VA) 49 $3,175,000 $64,796 $980 5.00%
    Helena-West Helena, AR (FHA|USDA|VA) 49 $2,675,000 $54,592 $825 4.79%
    Greenville, MS (FHA|USDA|VA) 35 $2,385,000 $68,143 $1,435 5.06%
    Indianola, MS (FHA|USDA|VA) 33 $1,725,000 $52,273 $1,141 5.24%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,015,000 $338,333 $2,453 4.25%
    Clarksdale, MS (FHA|USDA|VA) 20 $840,000 $42,000 $876 4.62%
    Cleveland, MS (FHA|USDA|VA) 5 $725,000 $145,000 $1,889 4.75%
    Batesville, AR (FHA|USDA|VA) 5 $585,000 $117,000 $1,115 5.41%
    MONROE, LA (FHA|USDA|VA) 2 $500,000 $250,000 $3,727 4.25%
    Starkville, MS (FHA|USDA|VA) 1 $455,000 $455,000 $5,485 4.25%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $445,000 $445,000 $4,890 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $385,000 $128,333 $194 4.47%
    Picayune, MS (FHA|USDA|VA) 5 $355,000 $71,000 $1,067 5.15%
    Hope, AR (FHA|USDA|VA) 3 $345,000 $115,000 $1,652 4.76%
    Mountain Home, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,522 4.25%
    Magnolia, AR (FHA|USDA|VA) 1 $165,000 $165,000 $2,531 3.75%
    LAWTON, OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.75%
    Ruston, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,149 4.25%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.75%
    Russellville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.25%
    JACKSON, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
    Searcy, AR (FHA|USDA|VA) 1 $65,000 $65,000 $1,583 4.25%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
    MOBILE, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.70%
    Camden, AR (FHA|USDA|VA) 1 $35,000 $35,000 $394 4.25%
    Southern Bancorp Bank's top markets include Hot Springs, Little Rock, Hattiesburg, Memphis, and Arkadelphia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 684 $96,630,000 $141,272 $1,256 4.75%

    For 2020, Southern Bancorp Bank's most frequently originated type of loan was Conventional, with 684 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 356 $53,450,000 $150,140 $890 4.67%
    Home Purchase 278 $41,200,000 $148,201 $1,957 4.80%
    Home Improvement 39 $1,495,000 $38,333 $1,019 5.20%
    Other 11 $485,000 $44,091 $1,244 4.82%

    For 2020, Southern Bancorp Bank's most frequently cited loan purpose was Refi, with 356 originations. The 2nd most popular reason was Home Purchase, with 278 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 223 $31,735,000 $142,309 $1,398 4.65%
    5 Year 162 $25,910,000 $159,938 $936 5.01%
    10 Year 87 $4,235,000 $48,678 $994 4.86%
    15 Year 81 $11,635,000 $143,642 $1,185 4.62%
    20 Year 74 $13,470,000 $182,027 $1,322 4.43%
    3 Year 33 $4,455,000 $135,000 $1,430 4.90%
    1 Year 23 $5,075,000 $220,652 $0 4.89%
    30 Year 1 $115,000 $115,000 $873 4.25%

    For 2020, Southern Bancorp Bank's most frequently cited loan duration was Other, with 223 originations. The 2nd most popular length was 5 Year, with 162 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 333 $34,925,000 $104,880
    $1k-2k 23 $5,295,000 $230,217
    $2k-3k 3 $1,275,000 $425,000
    $3k-4k 1 $585,000 $585,000

    Southern Bancorp Bank's average total fees were $873, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 333 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 470 $66,800,000 $142,128
    5-6% 120 $10,130,000 $84,417
    6-7% 40 $1,700,000 $42,500
    3-4% 38 $15,200,000 $400,000
    7-8% 10 $170,000 $17,000
    <2.5% 5 $2,585,000 $517,000
    Over 8% 1 $45,000 $45,000

    During 2020, Southern Bancorp Bank's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 470 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 453 $21,565,000 $47,605 $971 4.92%
    $100k-200k 132 $18,330,000 $138,864 $1,586 4.49%
    $200k-400k 67 $18,335,000 $273,657 $2,071 4.48%
    $1MM+ 14 $28,450,000 $2,032,143 $2,544 3.86%
    $400k-600k 13 $6,245,000 $480,385 $2,953 4.06%
    $600k-1MM 5 $3,705,000 $741,000 $2,380 4.25%

    2020 saw Southern Bancorp Bank place emphasis on $100,000 or less loans with 453 originations, totaling $21,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 147 $7,615,000 $51,803 $1,025 4.87%
    $50k-75k 115 $7,365,000 $64,043 $1,165 4.85%
    $100k-150k 98 $12,100,000 $123,469 $1,285 4.81%
    $75k-100k 77 $6,755,000 $87,727 $1,345 4.84%
    $150k-250k 60 $8,430,000 $140,500 $1,519 4.83%
    $250k+ 39 $12,215,000 $313,205 $2,155 4.38%

    Southern Bancorp Bank lent most frequently to those with incomes in the $50k or less range, with 147 originations. The second most popular income band? $50k-75k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 134 $17,340,000 $129,403 $1,327 4.64%
    30-36% 79 $9,505,000 $120,316 $1,322 4.68%
    <20% 78 $6,920,000 $88,718 $1,304 4.55%
    39% 18 $1,790,000 $99,444 $1,183 5.01%
    38% 15 $1,615,000 $107,667 $1,205 4.76%
    37% 14 $720,000 $51,429 $1,011 5.06%
    50-60% 12 $1,380,000 $115,000 $668 4.43%
    36% 10 $1,850,000 $185,000 $1,145 4.67%
    >60% 8 $770,000 $96,250 $856 4.23%
    40% 8 $650,000 $81,250 $1,476 5.04%
    46% 3 $755,000 $251,667 $2,350 5.17%
    41% 3 $75,000 $25,000 $437 4.76%
    49% 2 $340,000 $170,000 $858 4.25%
    44% 1 $115,000 $115,000 $669 5.25%
    45% 1 $55,000 $55,000 $0 4.75%
    42% 1 $55,000 $55,000 $194 5.25%

    Southern Bancorp Bank lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 403 $48,325,000 $119,913 $1,274 4.76%
    Not applicable 133 $38,595,000 $290,188 $822 4.63%
    Black 129 $8,045,000 $62,364 $1,142 4.88%
    American Indian 10 $910,000 $91,000 $1,674 4.66%
    Asian 4 $510,000 $127,500 $1,442 4.57%
    Native Hawaiian or Islander 3 $215,000 $71,667 $1,595 4.25%
    Native Hawaiian 2 $30,000 $15,000 $180 5.15%

    Approval Rates

    Total approvals of all applications
    85.13%

    Southern Bancorp Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.50%

    Southern Bancorp Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    114.0 2 $10,000 $5,000
    130.0 1 $15,000 $15,000
    144.0 2 $30,000 $15,000
    180.0 1 $15,000 $15,000
    NA 678 $96,560,000 $142,419

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $2,970,000 $742,500
    Multifamily:Site-Built 25 $23,765,000 $950,600
    Single Family (1-4 Units):Manufactured 75 $3,875,000 $51,667
    Single Family (1-4 Units):Site-Built 580 $66,020,000 $113,828

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $6,395,000 $80,949 $862 4.87%
    40-60% 112 $15,950,000 $142,411 $1,030 4.74%
    60-80% 268 $42,060,000 $156,940 $1,299 4.72%
    80-100% 188 $29,880,000 $158,936 $1,650 4.69%
    Over 100% 5 $765,000 $153,000 $681 4.67%
    Under 20% 32 $1,580,000 $49,375 $710 5.14%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern Bancorp Bank 1012 South Division Street Blytheville, AR 72315 Limited, Drive-thru $2,439
    Southern Bancorp Bank 104 Main Street Sledge, MS 38670 Full Service B&M $4,601
    Southern Bancorp Bank 1040 East Main Street Blytheville, AR 72315 Limited, Drive-thru $19,666
    Southern Bancorp Bank 108 North Main Street Drew, MS 38737 Full Service B&M $4,886
    Southern Bancorp Bank 11288 Highway 49 East Webb, MS 38966 Full Service B&M $20,538
    Southern Bancorp Bank 117 West Floyce Street Ruleville, MS 38771 Full Service B&M $13,472
    Southern Bancorp Bank 120 South Second Street Blytheville, AR 72315 Full Service B&M $76,576
    Southern Bancorp Bank 128 Main Street Elaine, AR 72333 Full Service B&M $9,519
    Southern Bancorp Bank 1615 West Hillsboro El Dorado, AR 71730 Full Service B&M $13,738
    Southern Bancorp Bank 1868 Martin Luther King Jr., Boulevard South Greenville, MS 38701 Full Service B&M $18,073
    Southern Bancorp Bank 1888 Main Street Crossing, Suite D Madison, MS 39110 Full Service B&M $5,997
    Southern Bancorp Bank 206 Airport Rd Hot Springs, AR 71913 Full Service B&M $20,937
    Southern Bancorp Bank 208 Ash Street Malvern, AR 72104 Full Service B&M $42,724
    Southern Bancorp Bank 210 North Main Hamburg, AR 71646 Full Service B&M $45,948
    Southern Bancorp Bank 215 South Broadway Greenville, MS 38701 Full Service B&M $2,966
    Southern Bancorp Bank 2212 Malvern Avenue, Suite 1 Hot Springs, AR 71901 Full Service B&M $49,742
    Southern Bancorp Bank 2421 North West Avenue El Dorado, AR 71730 Full Service B&M $98,929
    Southern Bancorp Bank 2500 Pine St Arkadelphia, AR 71923 Full Service B&M $52,147
    Southern Bancorp Bank 2943 S Highway 65 Eudora, AR 71640 Full Service B&M $8,641
    Southern Bancorp Bank 2nd And Forest Street Shelby, MS 38774 Full Service B&M $18,735
    Southern Bancorp Bank 3 Caddo Crossing Glenwood, AR 71943 Full Service B&M $5,153
    Southern Bancorp Bank 319 North Baltimore Manila, AR 72442 Full Service B&M $19,535
    Southern Bancorp Bank 323 Hwy 82 East Leland, MS 38756 Full Service B&M $3,659
    Southern Bancorp Bank 326 Highway 463 North Trumann, AR 72472 Full Service B&M $94,748
    Southern Bancorp Bank 403 Highway 18 South Manila, AR 72442 Limited, Drive-thru $6,848
    Southern Bancorp Bank 4138 Central Avenue Hot Springs, AR 71913 Full Service B&M $74,376
    Southern Bancorp Bank 425 East Plaza Street West Helena, AR 72390 Full Service B&M $116,789
    Southern Bancorp Bank 432 N Sebastian West Helena, AR 72390 Full Service B&M $18,140
    Southern Bancorp Bank 502 Cherry Street Helena, AR 72342 Full Service B&M $31,309
    Southern Bancorp Bank 506 Highway 270 East Mount Ida, AR 71957 Full Service B&M $30,967
    Southern Bancorp Bank 507 Highway 82 East Indianola, MS 38751 Full Service B&M $16,095
    Southern Bancorp Bank 574 Second Street Friars Point, MS 38631 Full Service B&M $1,179
    Southern Bancorp Bank 599 Airbase Highway Blytheville, AR 72315 Limited, Drive-thru $3,553
    Southern Bancorp Bank 600 Main Street Gurdon, AR 71743 Full Service B&M $12,095
    Southern Bancorp Bank 601 Main Street Arkadelphia, AR 71923 Full Service B&M $243,096
    Southern Bancorp Bank 6140 Hwy 49 Barton, AR 72312 Full Service B&M $7,139
    Southern Bancorp Bank 6764 Arkansas 7 Bismarck, AR 71929 Full Service B&M $24,693
    Southern Bancorp Bank 807 North 6th Street Blytheville, AR 72315 Limited, Drive-thru $28,176
    Southern Bancorp Bank 815 Darby Avenue Lambert, MS 38643 Full Service B&M $4,217
    Southern Bancorp Bank 875 South State Street Clarksdale, MS 38614 Full Service B&M $34,987
    Southern Bancorp Bank 8924 Kanis Road Little Rock, AR 72205 Limited, Drive-thru $0
    Southern Bancorp Bank 9 Lakeshore Drive Carriere, MS 39426 Full Service B&M $10,105
    Southern Bancorp Bank 911 Highway 49 Marvell, AR 72366 Full Service B&M $12,557
    Southern Bancorp Bank 970 Byhalia Road Hernando, MS 38632 Full Service B&M $18,752
    Southern Bancorp Bank Front Street Lula, MS 38644 Full Service B&M $11,844
    Southern Bancorp Bank U. S. Highway 61 Mound Bayou, MS 38762 Limited, Drive-thru $0

    For 2020, Southern Bancorp Bank had 46 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,012
    Net interest income $53,773
    Total noninterest income $9,926
    Gross Fiduciary activities income $76
    Service charges on deposit accounts $4,175
    Trading account gains and fees $0
    Additional Noninterest Income $5,675
    Pre-tax net operating income $17,506
    Securities gains (or losses, -) $-595
    Income before extraordinary items $14,026
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,026
    Minority interest net income $0
    Net income $14,026
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,519

    Southern Bancorp Bank's gross interest income from loans was $62,012,000.
    Southern Bancorp Bank's net interest income from loans was $53,773,000.
    Southern Bancorp Bank's fee based income from loans was $4,175,000.
    Southern Bancorp Bank's net income from loans was $14,026,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,239
    Provision for credit losses $5,850
    Total noninterest expense $40,343
    Salaries and employee benefits $21,018
    Premises and equipment expense $5,569
    Additional noninterest expense $13,756
    Applicable income taxes $2,885
    Net charge-offs $2,025
    Cash dividends $1,000

    Southern Bancorp Bank's interest expense for loans was $8,239,000.
    Southern Bancorp Bank's payroll and benefits expense were $21,018,000.
    Southern Bancorp Bank's property, plant and equipment expenses $5,569,000.

    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 1.0%
    HELOC loans 5.0%
    All other family 1.0%
    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 $1,383,004
    Deposits held in domestic offices $1,383,004
    Deposits by Individuals, partnerships, and corporations $1,130,952
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $244,302
    Deposits by Commercial banks and other depository institutions in U.S. $7,749
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $105,940
    Demand deposits $66,231
    Nontransaction accounts $1,277,063
    Money market deposit accounts (MMDAs) $122,215
    Other savings deposits (excluding MMDAs) $901,274
    Total time deposits $253,575
    Total time and savings deposits $1,316,772
    Noninterest-bearing deposits $66,231
    Interest-bearing deposits $1,316,773
    Retail deposits $1,325,093
    IRAs and Keogh plan accounts $35,691
    Brokered deposits $16,656
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,680,692
    Cash & Balances due from depository institutions $157,300
    Interest-bearing balances $124,442
    Total securities $253,643
    Federal funds sold & reverse repurchase $1
    Net loans and leases $1,136,405
    Loan and leases loss allowance $17,224
    Trading account assets $0
    Bank premises and fixed assets $38,422
    Other real estate owned $3,456
    Goodwill and other intangibles $37,294
    All other assets $54,171

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,680,692
    Total Liabilities $1,493,138
    Total deposits $1,383,004
    Interest-bearing deposits $1,316,773
    Deposits held in domestic offices $1,383,004
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $29,080
    Trading liabilities $0
    Other borrowed funds $69,979
    Subordinated debt $0
    All other liabilities $11,075

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,136,405
    Loan and leases loss allowance $17,224
    Total loans and leases (domestic) $1,153,629
    All real estate loans $841,066
    Real estate loans in domestic offices $841,066
    Construction and development loans $74,852
    Residential 1-4 family construction $28,788
    Other construction, all land development and other land $46,064
    Loans secured by nonfarm nonresidential properties $287,227
    Nonfarm nonresidential secured by owner-occupied properties $162,329
    Commercial real estate & other non-farm, non-residential $124,898
    Multifamily residential real estate $46,497
    1-4 family residential loans $280,982
    Farmland loans $151,508
    Loans held in foreign offices $0
    Farm loans $44,918
    Commercial and industrial loans $218,483
    To non-U.S. addressees $0
    Loans to individuals $35,043
    Credit card loans $0
    Related Plans $2,502
    Consumer Auto Loans $7,391
    Other loans to individuals $25,150
    All other loans & leases $14,119
    Loans to foreign governments and official institutions $0
    Other loans $528
    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 $7,402
    Non 1-4 family restructured loans & leases $6,586
    Total loans and leases (foreign) $0

    Southern Bancorp Bank had $1,136,405,000 of loans outstanding in 2020. $841,066,000 of loans were in real estate loans. $74,852,000 of loans were in development loans. $46,497,000 of loans were in multifamily mortgage loans. $280,982,000 of loans were in 1-4 family mortgage loans. $44,918,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,391,000 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 808 $125,590 $155,433
    Nonfarm, nonresidential loans - <$100k 345 $13,467 $39,035
    Nonfarm, nonresidential loans - $100-250k 242 $27,565 $113,905
    Nonfarm, nonresidential loans - $250k-1MM 221 $84,558 $382,615
    Commercial & Industrial, US addressed loans - <$1MM 2,294 $127,655 $55,647
    Commercial & Industrial, US addressed loans - <$100k 1,847 $43,892 $23,764
    Commercial & Industrial, US addressed loans - $100-250k 300 $35,914 $119,713
    Commercial & Industrial, US addressed loans - $250k-1MM 147 $47,849 $325,503
    Farmland loans - <$1MM 287 $30,692 $106,941
    Farmland loans - <$100k 157 $6,707 $42,720
    Farmland loans - $100-250k 86 $11,589 $134,756
    Farmland loans - $250k-1MM 44 $12,396 $281,727
    Agriculture operations loans - <$1MM 311 $16,648 $53,531
    Agriculture operations loans - <$100k 228 $5,959 $26,136
    Agriculture operations loans - $100-250k 55 $5,364 $97,527
    Agriculture operations loans - $250k-1MM 28 $5,325 $190,179