South Central Bank Mortgage Rates, Fees & Info

GLASGOW, KY

LEI: 549300LPT41QBMAC7948

Tax ID: 61-0126170

5 stars - out of 5 stars, based on 50 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

South Central Bank is a smaller bank specializing in Home Purchase and Refi loans. South Central Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Elizabethtown, Bowling Green, Louisville/jefferson County, Glasgow, and Owensboro among others. South Central 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. South Central Bank is typically a low fee lendor.


Originations

2,478

Origination Dollar Volume (All Markets)

$457,500,000

Employee count

274 Show all (24) awards

Relative Rate

South Central Bank 's average 30 year fixed rate mortgage of loans were 2.93%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.22%.

Relative Fees

South Central Bank 's average total fees for a 30 year fixed rate mortgage are $3,251.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 476 $96,130,000 $201,954 $3,496 2.92%
BOWLING GREEN, KY (FHA|USDA|VA) 557 $86,705,000 $155,664 $2,676 3.25%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 223 $64,405,000 $288,812 $3,015 3.08%
Outside of Metro Areas 346 $46,520,000 $134,451 $2,881 3.38%
Glasgow, KY (FHA|USDA|VA) 324 $40,640,000 $125,432 $2,452 3.42%
OWENSBORO, KY (FHA|USDA|VA) 181 $32,625,000 $180,249 $2,942 3.30%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 118 $27,000,000 $228,814 $3,102 3.21%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 48 $12,340,000 $257,083 $3,420 3.25%
Bardstown, KY (FHA|USDA|VA) 27 $5,125,000 $189,815 $3,281 3.03%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 23 $4,685,000 $203,696 $2,885 2.90%
Somerset, KY (FHA|USDA|VA) 31 $4,425,000 $142,742 $3,275 3.98%
EVANSVILLE, IN-KY (FHA|USDA|VA) 8 $4,020,000 $502,500 $3,823 3.76%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $3,220,000 $1,610,000 $4,230 3.06%
Sevierville, TN (FHA|USDA|VA) 4 $3,030,000 $757,500 $4,469 3.47%
Richmond-Berea, KY (FHA|USDA|VA) 10 $2,470,000 $247,000 $3,159 3.09%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $2,330,000 $1,165,000 $3,977 3.44%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,805,000 $257,857 $3,002 3.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,235,000 $176,429 $2,499 3.18%
Frankfort, KY (FHA|USDA|VA) 7 $1,145,000 $163,571 $4,009 3.34%
KNOXVILLE, TN (FHA|USDA|VA) 2 $1,120,000 $560,000 $3,939 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $940,000 $470,000 $5,114 2.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $855,000 $855,000 $0 4.00%
Campbellsville, KY (FHA|USDA|VA) 8 $840,000 $105,000 $2,857 3.27%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $820,000 $410,000 $2,916 2.56%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $775,000 $258,333 $2,990 3.21%
MERCED, CA (FHA|USDA|VA) 3 $765,000 $255,000 $0 2.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $760,000 $380,000 $0 3.45%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $720,000 $360,000 $2,801 2.56%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $625,000 $625,000 $0 3.95%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $560,000 $280,000 $2,752 2.31%
Cullman, AL (FHA|USDA|VA) 1 $495,000 $495,000 $3,620 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,233 3.13%
Central City, KY (FHA|USDA|VA) 4 $430,000 $107,500 $3,084 3.19%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $425,000 $425,000 $3,120 2.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.49%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $410,000 $205,000 $2,478 2.94%
ROME, GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,330 1.88%
Key West, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,212 3.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,404 2.13%
PITTSBURGH, PA (FHA|USDA|VA) 2 $300,000 $150,000 $3,490 3.06%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,905 3.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.75%
Danville, KY (FHA|USDA|VA) 2 $240,000 $120,000 $2,359 3.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $3,305 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $7,052 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $210,000 $105,000 $2,296 2.56%
Shelbyville, TN (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,406 2.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,463 3.00%
Mount Sterling, KY (FHA|USDA|VA) 1 $195,000 $195,000 $2,599 2.63%
COLUMBUS, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,102 2.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $5,423 2.75%
London, KY (FHA|USDA|VA) 2 $170,000 $85,000 $2,576 2.94%
Crossville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,629 2.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,616 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,436 2.13%
Mayfield, KY (FHA|USDA|VA) 1 $145,000 $145,000 $1,943 2.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,831 2.63%
LAWTON, OK (FHA|USDA|VA) 1 $135,000 $135,000 $5,570 3.63%
Effingham, IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,564 2.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,303 2.13%
Cookeville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,501 3.38%
Murray, KY (FHA|USDA|VA) 1 $85,000 $85,000 $2,971 3.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,383 2.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%

South Central Bank 's top markets include Elizabethtown, Bowling Green, Louisville/jefferson County, Glasgow, and Owensboro among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,152 $390,370,000 $181,399 $2,530 3.28%
FHA 130 $20,450,000 $157,308 $5,368 2.94%
VA 130 $36,230,000 $278,692 $4,800 2.64%
USDA 66 $10,450,000 $158,333 $4,174 2.70%

For the 2021 period, South Central Bank 's most frequently originated loan type of loans were Conventional, with 2,152 originations. Their 2nd most popular type is FHA, with 130 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 882 $191,680,000 $217,324 $3,706 3.23%
Refi 869 $159,525,000 $183,573 $2,458 2.94%
Cash Out Refi 395 $78,985,000 $199,962 $2,668 3.02%
Other 176 $15,620,000 $88,750 $0 4.14%
Home Improvement 156 $11,690,000 $74,936 $2,006 4.08%

For the 2021, South Central Bank 's most frequently cited loan purpose of loans were Home Purchase, with 882 originations. The 2nd most popular reason of loans were Refi, with 869 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,158 $242,060,000 $209,033 $3,251 2.93%
10 Year 418 $43,090,000 $103,086 $1,848 4.00%
15 Year 414 $65,180,000 $157,440 $2,421 2.48%
20 Year 207 $36,765,000 $177,609 $2,574 3.45%
5 Year 148 $22,400,000 $151,351 $896 4.22%
Other 86 $38,710,000 $450,116 $2,684 3.98%
1 Year 41 $7,955,000 $194,024 $3,659 4.22%
3 Year 6 $1,340,000 $223,333 $0 3.87%

For the 2021, South Central Bank 's most frequently cited loan length of loans were 30 Year, with 1,158 originations. The 2nd most popular length of loans were 10 Year, with 418 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,570 $305,600,000 $194,650
$1k-2k 92 $21,790,000 $236,848
$2k-3k 11 $3,315,000 $301,364
$3k-4k 4 $1,690,000 $422,500

$3,251 of loans were South Central Bank 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,570 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 992 $183,960,000 $185,444
2.5-3% 709 $147,595,000 $208,173
<2.5% 562 $104,210,000 $185,427
4-5% 172 $19,510,000 $113,430
5-6% 32 $1,810,000 $56,563
7-8% 8 $220,000 $27,500
6-7% 3 $195,000 $65,000

During 2021, South Central Bank 's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 3-4%, with 992 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 959 $139,425,000 $145,386 $2,872 3.07%
$100,000 or less 725 $43,615,000 $60,159 $2,338 3.67%
$200k-400k 648 $175,160,000 $270,309 $3,332 2.94%
$400k-600k 117 $56,005,000 $478,675 $3,607 2.95%
$1MM+ 16 $33,260,000 $2,078,750 $13,884 3.67%
$600k-1MM 13 $10,035,000 $771,923 $7,082 3.79%

2021 saw South Central Bank place emphasis on $100k-200k loans with 959 originations, totaling $139,425,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 566 $62,510,000 $110,442 $2,848 3.20%
$50k-75k 565 $80,905,000 $143,195 $3,018 3.18%
$100k-150k 434 $89,220,000 $205,576 $3,117 3.11%
$75k-100k 373 $63,885,000 $171,273 $3,005 3.09%
$150k-250k 226 $60,510,000 $267,743 $2,974 3.15%
$250k+ 87 $35,175,000 $404,310 $3,566 3.28%

South Central Bank lent most frequently to those with incomes in the $50k or less range, with 566 originations. The second most popular income band? $50k-75k, with 565 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 591 $93,755,000 $158,638 $2,773 3.10%
30-36% 383 $64,485,000 $168,368 $2,969 3.14%
<20% 316 $47,670,000 $150,854 $2,582 3.23%
37% 79 $14,215,000 $179,937 $3,144 3.08%
42% 72 $12,130,000 $168,472 $3,223 3.06%
38% 69 $16,575,000 $240,217 $3,497 3.10%
40% 66 $10,890,000 $165,000 $3,268 3.03%
41% 64 $11,500,000 $179,688 $2,993 3.13%
44% 63 $12,445,000 $197,540 $3,205 3.05%
39% 63 $10,805,000 $171,508 $3,195 3.07%
45% 59 $13,295,000 $225,339 $3,600 2.94%
43% 58 $10,220,000 $176,207 $2,900 2.87%
36% 57 $9,505,000 $166,754 $2,800 3.16%
50-60% 43 $8,975,000 $208,721 $4,291 3.15%
49% 42 $8,310,000 $197,857 $3,355 2.80%
46% 37 $9,635,000 $260,405 $3,444 2.89%
47% 32 $6,250,000 $195,313 $2,841 3.00%
48% 23 $4,825,000 $209,783 $3,251 2.79%
>60% 6 $1,170,000 $195,000 $4,825 3.81%

South Central Bank lent most frequently to those with DTI ratios of 20-30%, with 591 originations. The next most common DTI ratio? 30-36%, with 383 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,050 $352,680,000 $172,039 $2,940 3.18%
Not applicable 190 $57,310,000 $301,632 $0 3.93%
Not provided 135 $26,945,000 $199,593 $3,529 2.85%
Black 42 $7,780,000 $185,238 $3,415 3.13%
Asian 29 $5,955,000 $205,345 $3,035 2.95%
Asian Indian 8 $2,340,000 $292,500 $2,953 2.72%
American Indian 10 $2,190,000 $219,000 $2,911 2.83%
Other Asian 6 $1,230,000 $205,000 $2,270 2.67%
Vietnamese 4 $580,000 $145,000 $2,833 2.47%
Korean 2 $340,000 $170,000 $2,834 3.69%
Other Pacific Islander 1 $105,000 $105,000 $0 5.25%
Native Hawaiian 1 $45,000 $45,000 $0 5.25%

Approval Rates

Total approvals of all applications
88.79%

South Central Bank has an average approval rate.

Pick Rate

Approvals leading to origination
82.33%

South Central Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,478 $457,500,000 $184,625

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,478 $457,500,000 $184,625

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 266 $28,340,000 $106,541 $2,393 3.48%
40-60% 401 $62,915,000 $156,895 $2,451 2.92%
60-80% 790 $161,340,000 $204,228 $2,552 3.13%
80-100% 771 $182,505,000 $236,712 $3,639 3.18%
Over 100% 23 $5,585,000 $242,826 $9,241 2.76%
Under 20% 204 $10,440,000 $51,176 $2,615 4.05%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
South Central Bank, Inc. 1000 North Dixie Avenue Elizabethtown, KY 42702 Full Service B&M $146,602
South Central Bank, Inc. 2000 Warrington Way, Ste 200 Louisville, KY 40222 Full Service B&M $52,673
South Central Bank, Inc. 204 South Main Street Franklin, KY 42134 Full Service B&M $32,050
South Central Bank, Inc. 208 South Broadway Glasgow, KY 42141 Full Service B&M $266,194
South Central Bank, Inc. 2710 Nashville Road Bowling Green, KY 42101 Full Service B&M $5,179
South Central Bank, Inc. 2715 Frederica Street Owensboro, KY 42301 Full Service B&M $45,824
South Central Bank, Inc. 2908 Ring Road Elizabethtown, KY 42702 Full Service B&M $70,905
South Central Bank, Inc. 300 Southtown Boulevard Owensboro, KY 42303 Full Service B&M $57,911
South Central Bank, Inc. 3010 Highway 54 Owensboro, KY 42303 Full Service B&M $59,979
South Central Bank, Inc. 3505 Louisville Road Bowling Green, KY 42101 Full Service B&M $32,483
South Central Bank, Inc. 386 Waller Avenue Lexington, KY 40504 Full Service B&M $98,511
South Central Bank, Inc. 414 East Main St Scottsville, KY 42164 Full Service B&M $29,500
South Central Bank, Inc. 501 S L Rogers Wells Blvd Glasgow, KY 42141 Full Service Cyber Office $3,875
South Central Bank, Inc. 518 North Dixie Highway Cave City, KY 42127 Full Service B&M $25,665
South Central Bank, Inc. 5251 Scottsville Road Bowling Green, KY 42104 Full Service B&M $37,589
South Central Bank, Inc. 615 Happy Valley Road Glasgow, KY 42141 Full Service B&M $27,708
South Central Bank, Inc. 704 W. Stockton Edmonton, KY 42129 Full Service B&M $17,774
South Central Bank, Inc. 805 Lehman Avenue Bowling Green, KY 42103 Full Service B&M $60,407
South Central Bank, Inc. Fourth And Main Street Tompkinsville, KY 42167 Full Service B&M $83,936
South Central Bank, Inc. Gorin And Second Streets Park City, KY 42160 Full Service B&M $11,625
South Central Bank, Inc. 1375 Carter Road Owensboro, KY 42301 Full Service B&M $29,139
South Central Bank, Inc. 165 Beaver Trail South Glasgow, KY 42141 Full Service B&M $11,991
South Central Bank, Inc. 1748 Edmonton Road Tompkinsville, KY 42167 Full Service B&M $14,449
South Central Bank, Inc. 1757 Campbell Lane Bowling Green, KY 42104 Full Service B&M $115,779
South Central Bank, Inc. 2 Main Street Fountain Run, KY 42133 Full Service B&M $12,788

For 2021, South Central Bank had 25 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $55,761
Net interest income $50,487
Total noninterest income $19,443
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,056
Trading account gains and fees $0
Additional Noninterest Income $17,387
Pre-tax net operating income $30,323
Securities gains (or losses, -) $0
Income before extraordinary items $23,020
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $23,020
Minority interest net income $0
Net income $23,020
Sale, conversion, retirement of capital stock, net $0
Net operating income $23,020

South Central Bank 's gross interest income from loans was $55,761,000.
South Central Bank 's net interest income from loans was $50,487,000.
South Central Bank 's fee based income from loans was $2,056,000.
South Central Bank 's net income from loans was $23,020,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,274
Provision for credit losses $721
Total noninterest expense $38,886
Salaries and employee benefits $21,334
Premises and equipment expense $4,317
Additional noninterest expense $13,235
Applicable income taxes $7,303
Net charge-offs $128
Cash dividends $9,000

South Central Bank 's interest expense for loans was $5,274,000.
South Central Bank 's payroll and benefits expense were $21,334,000.
South Central Bank 's property, plant and equipment expenses $4,317,000.

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 0.0%
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 $1,386,016
Deposits held in domestic offices $1,386,016
Deposits by Individuals, partnerships, and corporations $1,231,202
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $154,814
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 $183,638
Demand deposits $55,159
Nontransaction accounts $1,202,378
Money market deposit accounts (MMDAs) $117,151
Other savings deposits (excluding MMDAs) $854,014
Total time deposits $231,213
Total time and savings deposits $1,330,857
Noninterest-bearing deposits $376,719
Interest-bearing deposits $1,009,297
Retail deposits $1,340,877
IRAs and Keogh plan accounts $40,941
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,591,396
Cash & Balances due from depository institutions $91,175
Interest-bearing balances $71,380
Total securities $360,521
Federal funds sold & reverse repurchase $0
Net loans and leases $1,097,698
Loan and leases loss allowance $11,644
Trading account assets $0
Bank premises and fixed assets $16,678
Other real estate owned $0
Goodwill and other intangibles $8,545
All other assets $16,779

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,591,396
Total Liabilities $1,436,297
Total deposits $1,386,016
Interest-bearing deposits $1,009,297
Deposits held in domestic offices $1,386,016
% insured (estimated) $71
Federal funds purchased and repurchase agreements $27,944
Trading liabilities $0
Other borrowed funds $12,000
Subordinated debt $0
All other liabilities $10,337

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,097,698
Loan and leases loss allowance $11,644
Total loans and leases (domestic) $1,109,342
All real estate loans $960,293
Real estate loans in domestic offices $960,293
Construction and development loans $164,550
Residential 1-4 family construction $35,846
Other construction, all land development and other land $128,704
Loans secured by nonfarm nonresidential properties $369,534
Nonfarm nonresidential secured by owner-occupied properties $155,440
Commercial real estate & other non-farm, non-residential $214,094
Multifamily residential real estate $55,438
1-4 family residential loans $266,059
Farmland loans $104,712
Loans held in foreign offices $0
Farm loans $28,085
Commercial and industrial loans $100,001
To non-U.S. addressees $0
Loans to individuals $19,217
Credit card loans $0
Related Plans $136
Consumer Auto Loans $11,773
Other loans to individuals $7,308
All other loans & leases $1,746
Loans to foreign governments and official institutions $0
Other loans $272
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 $1,794
Non 1-4 family restructured loans & leases $468
Total loans and leases (foreign) $0

SOUTH CENTRAL BANK had $1,097,698,000 of loans outstanding in 2021. $960,293,000 of loans were in real estate loans. $164,550,000 of loans were in development loans. $55,438,000 of loans were in multifamily mortgage loans. $266,059,000 of loans were in 1-4 family mortgage loans. $28,085,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,773,000 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 616 $139,413 $226,320
Nonfarm, nonresidential loans - <$100k 241 $11,679 $48,461
Nonfarm, nonresidential loans - $100-250k 181 $30,636 $169,260
Nonfarm, nonresidential loans - $250k-1MM 194 $97,098 $500,505
Commercial & Industrial, US addressed loans - <$1MM 995 $70,254 $70,607
Commercial & Industrial, US addressed loans - <$100k 828 $22,486 $27,157
Commercial & Industrial, US addressed loans - $100-250k 106 $17,603 $166,066
Commercial & Industrial, US addressed loans - $250k-1MM 61 $30,165 $494,508
Farmland loans - <$1MM 782 $75,576 $96,645
Farmland loans - <$100k 512 $21,931 $42,834
Farmland loans - $100-250k 206 $31,968 $155,184
Farmland loans - $250k-1MM 64 $21,677 $338,703
Agriculture operations loans - <$1MM 583 $12,291 $21,082
Agriculture operations loans - <$100k 569 $10,233 $17,984
Agriculture operations loans - $100-250k 14 $2,058 $147,000