South Central Bank Mortgage Rates, Fees & Info

GLASGOW, KY

LEI: 549300LPT41QBMAC7948

Tax ID: 61-0126170

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
  • Similar Lenders
  • 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

    South Central Bank is a smaller bank specializing in Refi and Home Purchase 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 by origination volume include: Bowling Green, Elizabethtown, Louisville, Glasgow, and Owensboro among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

    South Central 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. South Central 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 8.03% 11/21/24
    30 Year Conventional Purchase 6.63% 11/21/24
    30 Year Conventional Refi 6.56% 11/21/24
    30 Year Cash-out Refi 6.87% 11/21/24
    30 Year FHA Purchase 7.38% 11/21/24
    30 Year FHA Refi 7.54% 11/21/24
    30 Year VA Purchase 6.32% 11/21/24
    30 Year VA Refi 6.26% 11/21/24
    30 Year USDA Purchase 6.84% 11/21/24
    15 Year Conventional Purchase 6.51% 11/21/24
    15 Year Conventional Refi 6.12% 11/21/24
    15 Year Cash-out Refi 6.12% 11/21/24
    15 Year VA Purchase 5.68% 11/21/24
    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.

    South Central Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from South Central 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

    2,838

    Origination Dollar Volume (All Markets)

    $509,940,000

    Employee count

    273 Show all (24) awards

    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
    BOWLING GREEN, KY (FHA|USDA|VA) 720 $115,940,000 $161,028 $2,446 3.29%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 469 $89,655,000 $191,162 $3,575 3.10%
    LOUISVILLE, KY (FHA|USDA|VA) 281 $77,305,000 $275,107 $2,717 3.14%
    Glasgow, KY (FHA|USDA|VA) 394 $47,710,000 $121,091 $2,325 3.57%
    Outside of Metro Areas 330 $43,440,000 $131,636 $2,678 3.38%
    OWENSBORO, KY (FHA|USDA|VA) 245 $36,005,000 $146,959 $2,451 3.49%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 137 $34,015,000 $248,285 $2,699 3.05%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 56 $14,420,000 $257,500 $2,872 3.27%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 34 $7,380,000 $217,059 $2,587 2.75%
    Bardstown, KY (FHA|USDA|VA) 25 $6,035,000 $241,400 $3,335 3.02%
    Frankfort, KY (FHA|USDA|VA) 17 $5,845,000 $343,824 $3,009 3.13%
    Somerset, KY (FHA|USDA|VA) 28 $5,470,000 $195,357 $3,093 3.90%
    Richmond-Berea, KY (FHA|USDA|VA) 16 $3,200,000 $200,000 $2,925 3.09%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $2,660,000 $1,330,000 $4,457 3.75%
    Key West, FL (FHA|USDA|VA) 3 $2,635,000 $878,333 $5,171 3.58%
    Campbellsville, KY (FHA|USDA|VA) 11 $1,445,000 $131,364 $2,180 3.62%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,415,000 $283,000 $2,895 3.05%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $4,306 3.25%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $1,060,000 $265,000 $2,472 3.53%
    COLUMBUS, IN (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 4.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $995,000 $331,667 $2,833 3.17%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $905,000 $301,667 $4,399 3.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $805,000 $268,333 $2,742 3.42%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,611 2.96%
    Paducah, KY-IL (FHA|USDA|VA) 5 $625,000 $125,000 $2,217 3.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $560,000 $280,000 $3,256 2.56%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $530,000 $265,000 $4,036 3.44%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,781 3.63%
    DECATUR, AL (FHA|USDA|VA) 1 $495,000 $495,000 $2,310 2.75%
    Greenwood, SC (FHA|USDA|VA) 3 $465,000 $155,000 $2,373 4.63%
    Traverse City, MI (FHA|USDA|VA) 1 $445,000 $445,000 $3,058 2.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $425,000 $141,667 $5,782 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $385,000 $128,333 $2,654 2.58%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $385,000 $385,000 $4,037 2.50%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $375,000 $375,000 $4,916 3.25%
    MONROE, MI (FHA|USDA|VA) 2 $340,000 $170,000 $1,828 3.00%
    Central City, KY (FHA|USDA|VA) 3 $335,000 $111,667 $3,398 2.54%
    Madisonville, KY (FHA|USDA|VA) 2 $330,000 $165,000 $2,042 2.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $305,000 $305,000 $7,823 2.75%
    ROANOKE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $2,763 3.13%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $270,000 $135,000 $2,081 3.19%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $2,647 2.50%
    Danville, KY (FHA|USDA|VA) 2 $250,000 $125,000 $2,355 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,704 3.13%
    CHARLESTON, WV (FHA|USDA|VA) 1 $225,000 $225,000 $2,366 2.50%
    Mount Sterling, KY (FHA|USDA|VA) 2 $220,000 $110,000 $3,387 3.38%
    Middlesborough, KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,400 3.00%
    ROCHESTER, NY (FHA|USDA|VA) 1 $135,000 $135,000 $1,675 2.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,614 2.50%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $45,000 $45,000 $3,026 3.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.00%
    South Central Bank's top markets include Bowling Green, Elizabethtown, Louisville, Glasgow, and Owensboro among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SOUTH CENTRAL BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SERVICE ONE
    Similarity Rank: 154
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 186
    The Cecilian Bank
    Similarity Rank: 270
    Edmonton State Bank
    Similarity Rank: 276
    The North Side Bank & Trust Company
    Similarity Rank: 350
    Peoples Exchange Bank
    Similarity Rank: 480
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 595
    CINFED Federal Credit Union
    Similarity Rank: 651
    Old Hickory Credit Union
    Similarity Rank: 680
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 684

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,059 $407,445,000 $197,885 $2,401 3.10%
    HELOC 473 $42,525,000 $89,905 n/a 4.32%
    VA 132 $34,650,000 $262,500 $5,122 2.73%
    FHA 106 $16,180,000 $152,642 $5,319 3.33%
    USDA 68 $9,140,000 $134,412 $3,881 3.09%

    For 2020, South Central Bank's most frequently originated type of loan was Conventional, with 2,059 originations. Their 2nd most popular type was HELOC, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,245 $241,285,000 $193,803 $2,334 3.02%
    Home Purchase 824 $159,920,000 $194,078 $3,684 3.36%
    Cash Out Refi 412 $80,000,000 $194,175 $2,442 3.11%
    Other 209 $17,585,000 $84,139 $1,358 4.31%
    Home Improvement 148 $11,150,000 $75,338 $2,363 4.34%

    For 2020, South Central Bank's most frequently cited loan purpose was Refi, with 1,245 originations. The 2nd most popular reason was Home Purchase, with 824 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,277 $263,175,000 $206,088 $3,060 3.02%
    15 Year 607 $105,985,000 $174,605 $2,336 2.60%
    10 Year 441 $44,305,000 $100,465 $2,099 4.16%
    20 Year 229 $38,345,000 $167,445 $2,283 3.55%
    5 Year 145 $24,325,000 $167,759 $1,171 4.56%
    Other 92 $25,110,000 $272,935 $2,233 4.33%
    1 Year 47 $8,695,000 $185,000 $2,215 4.45%

    For 2020, South Central Bank's most frequently cited loan duration was 30 Year, with 1,277 originations. The 2nd most popular length was 15 Year, with 607 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,877 $359,895,000 $191,739
    $1k-2k 191 $35,805,000 $187,461
    $2k-3k 13 $4,035,000 $310,385
    $3k-4k 4 $1,200,000 $300,000
    $4k-5k 2 $470,000 $235,000
    $5k+ 1 $965,000 $965,000

    South Central Bank's average total fees were $3,060, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,877 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 932 $164,890,000 $176,921
    2.5-3% 805 $159,615,000 $198,280
    <2.5% 671 $131,785,000 $196,401
    4-5% 343 $46,095,000 $134,388
    5-6% 60 $5,950,000 $99,167
    6-7% 20 $1,350,000 $67,500
    7-8% 5 $195,000 $39,000
    Over 8% 2 $60,000 $30,000

    During 2020, South Central Bank's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 3-4%, with 932 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,184 $173,100,000 $146,199 $2,625 3.14%
    $100,000 or less 755 $44,765,000 $59,291 $2,266 3.86%
    $200k-400k 754 $202,810,000 $268,979 $3,063 2.98%
    $400k-600k 116 $54,030,000 $465,776 $3,727 3.03%
    $1MM+ 15 $23,675,000 $1,578,333 $0 4.01%
    $600k-1MM 14 $11,560,000 $825,714 $6,064 3.94%

    2020 saw South Central Bank place emphasis on $100k-200k loans with 1,184 originations, totaling $173,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 631 $88,595,000 $140,404 $2,774 3.24%
    $50k or less 561 $59,365,000 $105,820 $2,711 3.37%
    $100k-150k 559 $112,825,000 $201,834 $2,840 3.11%
    $75k-100k 483 $81,225,000 $168,168 $2,635 3.20%
    $150k-250k 280 $69,720,000 $249,000 $2,949 3.15%
    $250k+ 121 $39,565,000 $326,983 $3,104 3.44%

    South Central Bank lent most frequently to those with incomes in the $50k-75k range, with 631 originations. The second most popular income band? $50k or less, with 561 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 734 $125,230,000 $170,613 $2,567 3.06%
    <20% 447 $69,245,000 $154,911 $2,515 3.20%
    30-36% 403 $70,285,000 $174,404 $2,825 3.17%
    41% 84 $15,250,000 $181,548 $2,665 3.40%
    36% 84 $13,850,000 $164,881 $2,865 3.16%
    37% 83 $15,875,000 $191,265 $3,221 3.11%
    39% 76 $12,930,000 $170,132 $2,716 3.30%
    38% 73 $13,065,000 $178,973 $2,853 3.23%
    40% 70 $12,820,000 $183,143 $2,836 3.25%
    42% 69 $11,755,000 $170,362 $3,104 3.27%
    44% 66 $12,840,000 $194,545 $2,978 2.98%
    43% 63 $11,425,000 $181,349 $2,916 3.11%
    45% 50 $10,040,000 $200,800 $3,445 3.01%
    50-60% 43 $7,535,000 $175,233 $4,197 3.90%
    47% 42 $8,630,000 $205,476 $3,374 3.00%
    48% 40 $7,800,000 $195,000 $3,239 2.97%
    46% 30 $6,340,000 $211,333 $2,709 2.98%
    49% 27 $5,335,000 $197,593 $3,262 3.02%
    >60% 10 $1,960,000 $196,000 $3,425 4.48%

    South Central Bank lent most frequently to those with DTI ratios of 20-30%, with 734 originations. The next most common DTI ratio? <20%, with 447 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,395 $403,355,000 $168,415 $2,715 3.26%
    Not applicable 163 $49,165,000 $301,626 $0 4.35%
    Not provided 156 $32,710,000 $209,679 $3,339 2.85%
    Asian 48 $10,130,000 $211,042 $2,754 2.86%
    Black 42 $8,020,000 $190,952 $3,332 3.19%
    American Indian 9 $1,735,000 $192,778 $2,798 2.81%
    Asian Indian 7 $1,635,000 $233,571 $2,943 2.95%
    Other Asian 8 $1,310,000 $163,750 $2,150 2.89%
    Chinese 3 $655,000 $218,333 $2,409 3.04%
    Vietnamese 3 $405,000 $135,000 $2,255 3.25%
    Korean 2 $400,000 $200,000 $2,232 2.50%
    Native Hawaiian or Islander 1 $275,000 $275,000 $0 4.75%
    Filipino 1 $145,000 $145,000 $2,371 2.75%

    Approval Rates

    Total approvals of all applications
    90.51%

    South Central Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    South Central Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,838 $509,940,000 $179,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 38 $29,650,000 $780,263
    Single Family (1-4 Units):Manufactured 66 $5,610,000 $85,000
    Single Family (1-4 Units):Site-Built 2,734 $474,680,000 $173,621

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 288 $31,580,000 $109,653 $2,271 3.68%
    40-60% 471 $76,885,000 $163,238 $2,330 3.08%
    60-80% 1,035 $222,675,000 $215,145 $2,423 3.10%
    80-100% 801 $156,405,000 $195,262 $3,414 3.33%
    Over 100% 29 $6,295,000 $217,069 $7,633 2.79%
    Under 20% 182 $8,350,000 $45,879 $937 4.36%

    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 $133,150
    South Central Bank, Inc. 1375 Carter Road Owensboro, KY 42301 Full Service B&M $28,522
    South Central Bank, Inc. 165 Beaver Trail South Glasgow, KY 42141 Full Service B&M $10,105
    South Central Bank, Inc. 1748 Edmonton Road Tompkinsville, KY 42167 Full Service B&M $12,939
    South Central Bank, Inc. 1757 Campbell Lane Bowling Green, KY 42104 Full Service B&M $103,154
    South Central Bank, Inc. 2 Main Street Fountain Run, KY 42133 Full Service B&M $11,768
    South Central Bank, Inc. 2000 Warrington Way, Ste 200 Louisville, KY 40222 Full Service B&M $36,522
    South Central Bank, Inc. 204 South Main Street Franklin, KY 42134 Full Service B&M $29,639
    South Central Bank, Inc. 208 South Broadway Glasgow, KY 42141 Full Service B&M $200,536
    South Central Bank, Inc. 2710 Nashville Road Bowling Green, KY 42101 Full Service B&M $3,984
    South Central Bank, Inc. 2715 Frederica Street Owensboro, KY 42301 Full Service B&M $46,188
    South Central Bank, Inc. 2908 Ring Road Elizabethtown, KY 42702 Full Service B&M $70,295
    South Central Bank, Inc. 300 Southtown Boulevard Owensboro, KY 42303 Full Service B&M $66,485
    South Central Bank, Inc. 3010 Highway 54 Owensboro, KY 42303 Full Service B&M $58,709
    South Central Bank, Inc. 3505 Louisville Road Bowling Green, KY 42101 Full Service B&M $33,668
    South Central Bank, Inc. 386 Waller Avenue Lexington, KY 40504 Full Service B&M $51,325
    South Central Bank, Inc. 414 East Main St Scottsville, KY 42164 Full Service B&M $29,751
    South Central Bank, Inc. 501 S L Rogers Wells Blvd Glasgow, KY 42141 Full Service Cyber Office $2,287
    South Central Bank, Inc. 518 North Dixie Highway Cave City, KY 42127 Full Service B&M $23,416
    South Central Bank, Inc. 5251 Scottsville Road Bowling Green, KY 42104 Full Service B&M $32,198
    South Central Bank, Inc. 615 Happy Valley Road Glasgow, KY 42141 Full Service B&M $26,980
    South Central Bank, Inc. 704 W. Stockton Edmonton, KY 42129 Full Service B&M $17,460
    South Central Bank, Inc. 805 Lehman Avenue Bowling Green, KY 42103 Full Service B&M $59,429
    South Central Bank, Inc. Fourth And Main Street Tompkinsville, KY 42167 Full Service B&M $79,945
    South Central Bank, Inc. Gorin And Second Streets Park City, KY 42160 Full Service B&M $9,794

    For 2020, South Central Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,669
    Net interest income $41,404
    Total noninterest income $18,753
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,352
    Trading account gains and fees $0
    Additional Noninterest Income $16,401
    Pre-tax net operating income $20,982
    Securities gains (or losses, -) $4
    Income before extraordinary items $16,940
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,940
    Minority interest net income $0
    Net income $16,940
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,936

    South Central Bank's gross interest income from loans was $50,669,000.
    South Central Bank's net interest income from loans was $41,404,000.
    South Central Bank's fee based income from loans was $2,352,000.
    South Central Bank's net income from loans was $16,940,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,265
    Provision for credit losses $1,023
    Total noninterest expense $38,152
    Salaries and employee benefits $20,337
    Premises and equipment expense $4,309
    Additional noninterest expense $13,506
    Applicable income taxes $4,046
    Net charge-offs $151
    Cash dividends $11,000

    South Central Bank's interest expense for loans was $9,265,000.
    South Central Bank's payroll and benefits expense were $20,337,000.
    South Central Bank's property, plant and equipment expenses $4,309,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,302,500
    Deposits held in domestic offices $1,302,500
    Deposits by Individuals, partnerships, and corporations $1,154,718
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $147,780
    Deposits by Commercial banks and other depository institutions in U.S. $2
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $186,120
    Demand deposits $48,005
    Nontransaction accounts $1,116,380
    Money market deposit accounts (MMDAs) $87,213
    Other savings deposits (excluding MMDAs) $722,549
    Total time deposits $306,618
    Total time and savings deposits $1,254,495
    Noninterest-bearing deposits $324,692
    Interest-bearing deposits $977,808
    Retail deposits $1,230,122
    IRAs and Keogh plan accounts $41,512
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,496,707
    Cash & Balances due from depository institutions $226,847
    Interest-bearing balances $203,971
    Total securities $236,998
    Federal funds sold & reverse repurchase $0
    Net loans and leases $992,990
    Loan and leases loss allowance $11,051
    Trading account assets $0
    Bank premises and fixed assets $18,640
    Other real estate owned $0
    Goodwill and other intangibles $7,423
    All other assets $13,809

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,496,707
    Total Liabilities $1,352,440
    Total deposits $1,302,500
    Interest-bearing deposits $977,808
    Deposits held in domestic offices $1,302,500
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $27,372
    Trading liabilities $0
    Other borrowed funds $13,335
    Subordinated debt $0
    All other liabilities $9,233

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $992,990
    Loan and leases loss allowance $11,051
    Total loans and leases (domestic) $1,004,041
    All real estate loans $819,910
    Real estate loans in domestic offices $819,910
    Construction and development loans $117,764
    Residential 1-4 family construction $28,494
    Other construction, all land development and other land $89,270
    Loans secured by nonfarm nonresidential properties $294,700
    Nonfarm nonresidential secured by owner-occupied properties $51,529
    Commercial real estate & other non-farm, non-residential $243,171
    Multifamily residential real estate $41,704
    1-4 family residential loans $262,291
    Farmland loans $103,451
    Loans held in foreign offices $0
    Farm loans $12,423
    Commercial and industrial loans $149,613
    To non-U.S. addressees $0
    Loans to individuals $19,523
    Credit card loans $0
    Related Plans $264
    Consumer Auto Loans $11,474
    Other loans to individuals $7,785
    All other loans & leases $2,572
    Loans to foreign governments and official institutions $0
    Other loans $560
    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 $2,680
    Non 1-4 family restructured loans & leases $1,000
    Total loans and leases (foreign) $0

    SOUTH CENTRAL BANK had $992,990,000 of loans outstanding in 2020. $819,910,000 of loans were in real estate loans. $117,764,000 of loans were in development loans. $41,704,000 of loans were in multifamily mortgage loans. $262,291,000 of loans were in 1-4 family mortgage loans. $12,423,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,474,000 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 606 $124,724 $205,815
    Nonfarm, nonresidential loans - <$100k 262 $13,281 $50,691
    Nonfarm, nonresidential loans - $100-250k 186 $30,163 $162,167
    Nonfarm, nonresidential loans - $250k-1MM 158 $81,280 $514,430
    Commercial & Industrial, US addressed loans - <$1MM 1,792 $107,228 $59,837
    Commercial & Industrial, US addressed loans - <$100k 1,540 $38,378 $24,921
    Commercial & Industrial, US addressed loans - $100-250k 154 $25,155 $163,344
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $43,695 $445,867
    Farmland loans - <$1MM 844 $76,451 $90,582
    Farmland loans - <$100k 586 $24,406 $41,648
    Farmland loans - $100-250k 198 $31,327 $158,217
    Farmland loans - $250k-1MM 60 $20,718 $345,300
    Agriculture operations loans - <$1MM 615 $12,348 $20,078
    Agriculture operations loans - <$100k 602 $10,256 $17,037
    Agriculture operations loans - $100-250k 12 $1,702 $141,833
    Agriculture operations loans - $250k-1MM 1 $390 $390,000