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

Jump to:

  • 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, Arkadelphia, Jackson, and Memphis among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern Bancorp Bank 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.

    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% 11/22/24
    30 Year Conventional Refi 6.27% 11/22/24
    30 Year FHA Purchase 7.38% 11/22/24
    30 Year VA Purchase 6.27% 11/22/24
    30 Year USDA Purchase 7.45% 11/22/24
    15 Year Conventional Purchase 6.35% 11/22/24
    15 Year Conventional Refi 6.03% 11/22/24
    15 Year Cash-out Refi 6.03% 11/22/24
    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

    841

    Origination Dollar Volume (All Markets)

    $104,465,000

    Employee count

    385

    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) 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.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 841 $104,465,000 $124,215 $1,344 4.09%

    For 2021, Southern Bancorp Bank's most frequently originated type of loan was Conventional, with 841 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Southern Bancorp Bank's most frequently cited loan purpose was Refi, with 428 originations. The 2nd most popular reason was 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 2021, Southern Bancorp Bank's most frequently cited loan duration was Other, with 278 originations. The 2nd most popular length was 15 Year, with 156 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 1 $905,000 $905,000
    $5k+ 1 $1,005,000 $1,005,000

    Southern Bancorp Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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 or Islander 2 $160,000 $80,000 $1,643 6.17%

    Approval Rates

    Total approvals of all applications
    91.49%

    Southern Bancorp Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.82%

    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 117 West Floyce Street Ruleville, MS 38771 Full Service B&M $14,527
    Southern Bancorp Bank 1012 South Division Street Blytheville, AR 72315 Limited, Drive-thru $3,074
    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
    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 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 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

    For 2021, Southern Bancorp Bank had 49 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $66,229
    Net interest income $61,135
    Total noninterest income $11,048
    Gross Fiduciary activities income $89
    Service charges on deposit accounts $4,277
    Trading account gains and fees $0
    Additional Noninterest Income $6,682
    Pre-tax net operating income $24,345
    Securities gains (or losses, -) $37
    Income before extraordinary items $18,432
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,432
    Minority interest net income $0
    Net income $18,432
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,402

    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.

    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 0.0%
    Commercial & industrial loans 1.0%
    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 $1,723,734
    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