Southern Hills Community Bank Mortgage Rates, Fees & Info

Leesburg, OH

LEI: 549300LYVRGGGBBPPV22

Tax ID: 31-0352755

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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 Hills Community Bank is a smaller bank specializing in Refi loans. Southern Hills Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington Court House, Cincinnati, Wilmington, Chillicothe, and Dayton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern Hills Community 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 Hills Community 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 relatively high 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.

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    Originations

    89

    Origination Dollar Volume (All Markets)

    $16,855,000

    Employee count

    43

    Awards

    Southern Hills Community Bank 30 Year Conventional Loans gold Southern Hills Community Bank 30 Year Conventional Loans gold
    Show all (2) 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
    Washington Court House, OH (FHA|USDA|VA) 3 $9,035,000 $3,011,667 $1,363 4.73%
    Outside of Metro Areas 55 $4,635,000 $84,273 $1,160 5.27%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 21 $2,025,000 $96,429 $1,006 5.25%
    Wilmington, OH (FHA|USDA|VA) 4 $470,000 $117,500 $1,317 4.63%
    Chillicothe, OH (FHA|USDA|VA) 4 $370,000 $92,500 $1,361 4.93%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $275,000 $275,000 $1,596 5.60%
    Maysville, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.50%
    Southern Hills Community Bank's top markets include Washington Court House, Cincinnati, Wilmington, Chillicothe, and Dayton among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $16,855,000 $189,382 $1,156 5.21%

    For 2019, Southern Hills Community Bank's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 42 $3,210,000 $76,429 $1,179 5.09%
    Home Purchase 30 $2,910,000 $97,000 $1,295 5.31%
    Refi 13 $10,485,000 $806,538 $849 5.13%
    Home Improvement 3 $125,000 $41,667 $779 6.25%
    Other 1 $125,000 $125,000 $1,086 5.40%

    For 2019, Southern Hills Community Bank's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 40 $12,360,000 $309,000 $1,191 5.17%
    30 Year 23 $3,215,000 $139,783 $1,173 5.25%
    15 Year 13 $705,000 $54,231 $1,164 5.02%
    10 Year 10 $410,000 $41,000 $1,093 5.21%
    5 Year 2 $80,000 $40,000 $684 6.25%
    1 Year 1 $85,000 $85,000 $0 6.50%

    For 2019, Southern Hills Community Bank's most frequently cited loan duration was 20 Year, with 40 originations. The 2nd most popular length was 30 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $14,985,000 $217,174

    Southern Hills Community Bank's average total fees were $1,173, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 42 $3,530,000 $84,048
    4-5% 41 $12,755,000 $311,098
    6-7% 6 $570,000 $95,000

    During 2019, Southern Hills Community Bank's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,405,000 $55,820 $1,156 5.17%
    $100k-200k 21 $2,895,000 $137,857 $1,157 5.38%
    $200k-400k 6 $1,670,000 $278,333 $1,137 5.17%
    $1MM+ 1 $8,885,000 $8,885,000 $1,252 4.50%

    2019 saw Southern Hills Community Bank place emphasis on $100,000 or less loans with 61 originations, totaling $3,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,395,000 $51,667 $1,092 5.07%
    $50k-75k 26 $11,000,000 $423,077 $1,225 5.05%
    $75k-100k 18 $2,270,000 $126,111 $1,304 5.37%
    $100k-150k 12 $1,730,000 $144,167 $990 5.21%
    $150k-250k 2 $170,000 $85,000 $0 6.13%
    $250k+ 1 $65,000 $65,000 $492 7.00%

    Southern Hills Community Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $2,330,000 $97,083 $1,144 5.19%
    <20% 24 $1,780,000 $74,167 $1,172 5.26%
    30-36% 13 $9,825,000 $755,769 $1,177 4.94%
    36% 3 $245,000 $81,667 $999 4.73%
    40% 3 $565,000 $188,333 $1,294 5.20%
    38% 3 $245,000 $81,667 $1,253 5.03%
    39% 3 $395,000 $131,667 $1,273 5.03%
    48% 3 $265,000 $88,333 $1,305 5.80%
    >60% 2 $70,000 $35,000 $0 5.50%
    41% 2 $230,000 $115,000 $1,127 5.80%
    45% 2 $240,000 $120,000 $906 5.15%
    46% 1 $65,000 $65,000 $0 5.50%
    47% 1 $65,000 $65,000 $1,161 5.00%
    44% 1 $15,000 $15,000 $0 6.00%
    50-60% 1 $285,000 $285,000 $336 4.90%
    37% 1 $45,000 $45,000 $0 5.50%

    Southern Hills Community Bank lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? <20%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $16,565,000 $194,882 $1,166 5.17%
    Not applicable 4 $290,000 $72,500 $492 6.06%

    Approval Rates

    Total approvals of all applications
    81.15%

    Southern Hills Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.76%

    Southern Hills Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 89 $16,855,000 $189,382

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 14 $760,000 $54,286
    Single Family (1-4 Units):Site-Built 75 $16,095,000 $214,600

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,325,000 $77,941 $1,098 5.17%
    40-60% 21 $1,575,000 $75,000 $1,203 5.30%
    60-80% 41 $4,175,000 $101,829 $1,201 5.16%
    80-100% 3 $635,000 $211,667 $918 4.63%
    Over 100% 1 $8,885,000 $8,885,000 $1,252 4.50%
    Under 20% 6 $260,000 $43,333 $1,026 5.78%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Closing on a mortgage 1 50.0%
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern Hills Community Bank 1006 S Second St Ripley, OH 45167 Full Service B&M $28,472
    Southern Hills Community Bank 134 N Washington St Greenfield, OH 45123 Full Service B&M $11,891
    Southern Hills Community Bank 200 E State St Georgetown, OH 45121 Full Service B&M $20,542
    Southern Hills Community Bank 201 West Main Street West Union, OH 45693 Full Service B&M $10,683
    Southern Hills Community Bank 223 No Main St Lynchburg, OH 45142 Full Service B&M $23,593
    Southern Hills Community Bank 310 North High Street Hillsboro, OH 45133 Full Service B&M $2,042
    Southern Hills Community Bank 45 East Main Street Leesburg, OH 45135 Full Service B&M $29,477
    Southern Hills Community Bank 95 South Main St Peebles, OH 45660 Full Service B&M $2,324

    For 2019, Southern Hills Community Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,109
    Net interest income $6,293
    Total noninterest income $403
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $198
    Trading account gains and fees $0
    Additional Noninterest Income $205
    Pre-tax net operating income $242
    Securities gains (or losses, -) $24
    Income before extraordinary items $232
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $232
    Minority interest net income $0
    Net income $232
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $211

    Southern Hills Community Bank's gross interest income from loans was $7,109,000.
    Southern Hills Community Bank's net interest income from loans was $6,293,000.
    Southern Hills Community Bank's fee based income from loans was $198,000.
    Southern Hills Community Bank's net income from loans was $232,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $816
    Provision for credit losses $102
    Total noninterest expense $6,352
    Salaries and employee benefits $3,556
    Premises and equipment expense $598
    Additional noninterest expense $2,198
    Applicable income taxes $34
    Net charge-offs $234
    Cash dividends $0

    Southern Hills Community Bank's interest expense for loans was $816,000.
    Southern Hills Community Bank's payroll and benefits expense were $3,556,000.
    Southern Hills Community Bank's property, plant and equipment expenses $598,000.

    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 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    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 $133,861
    Deposits held in domestic offices $133,861
    Deposits by Individuals, partnerships, and corporations $119,515
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,346
    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 $35,472
    Demand deposits $12,094
    Nontransaction accounts $98,389
    Money market deposit accounts (MMDAs) $21,326
    Other savings deposits (excluding MMDAs) $19,648
    Total time deposits $57,415
    Total time and savings deposits $121,767
    Noninterest-bearing deposits $12,395
    Interest-bearing deposits $121,466
    Retail deposits $126,494
    IRAs and Keogh plan accounts $11,535
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $160,712
    Cash & Balances due from depository institutions $31,934
    Interest-bearing balances $29,949
    Total securities $2,819
    Federal funds sold & reverse repurchase $0
    Net loans and leases $111,807
    Loan and leases loss allowance $787
    Trading account assets $0
    Bank premises and fixed assets $6,258
    Other real estate owned $204
    Goodwill and other intangibles $258
    All other assets $7,432

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $160,712
    Total Liabilities $135,872
    Total deposits $133,861
    Interest-bearing deposits $121,466
    Deposits held in domestic offices $133,861
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,011

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $111,807
    Loan and leases loss allowance $787
    Total loans and leases (domestic) $112,594
    All real estate loans $101,150
    Real estate loans in domestic offices $101,150
    Construction and development loans $2,955
    Residential 1-4 family construction $718
    Other construction, all land development and other land $2,237
    Loans secured by nonfarm nonresidential properties $9,365
    Nonfarm nonresidential secured by owner-occupied properties $4,996
    Commercial real estate & other non-farm, non-residential $4,369
    Multifamily residential real estate $393
    1-4 family residential loans $72,348
    Farmland loans $16,089
    Loans held in foreign offices $0
    Farm loans $1,412
    Commercial and industrial loans $4,600
    To non-U.S. addressees $0
    Loans to individuals $5,413
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,682
    Other loans to individuals $2,731
    All other loans & leases $19
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 $2,204
    Non 1-4 family restructured loans & leases $1,478
    Total loans and leases (foreign) $0

    Southern Hills Community Bank had $111,807,000 of loans outstanding in 2019. $101,150,000 of loans were in real estate loans. $2,955,000 of loans were in development loans. $393,000 of loans were in multifamily mortgage loans. $72,348,000 of loans were in 1-4 family mortgage loans. $1,412,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,682,000 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 63 $6,825 $108,333
    Nonfarm, nonresidential loans - <$100k 33 $1,572 $47,636
    Nonfarm, nonresidential loans - $100-250k 20 $2,513 $125,650
    Nonfarm, nonresidential loans - $250k-1MM 10 $2,740 $274,000
    Commercial & Industrial, US addressed loans - <$1MM 95 $4,600 $48,421
    Commercial & Industrial, US addressed loans - <$100k 76 $1,920 $25,263
    Commercial & Industrial, US addressed loans - $100-250k 17 $2,139 $125,824
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $541 $270,500
    Farmland loans - <$1MM 107 $12,009 $112,234
    Farmland loans - <$100k 39 $1,428 $36,615
    Farmland loans - $100-250k 43 $4,687 $109,000
    Farmland loans - $250k-1MM 25 $5,894 $235,760
    Agriculture operations loans - <$1MM 55 $1,412 $25,673
    Agriculture operations loans - <$100k 51 $957 $18,765
    Agriculture operations loans - $100-250k 4 $455 $113,750