Premier Bank Of The South Mortgage Rates, Fees & Info
Cullman, ALLEI: 549300MNJT84X74B3052
Tax ID: 63-0962641
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier Bank Of The South is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Premier Bank Of The South has a high proportion of conventional loans. Their top markets by origination volume include: Cullman, Huntsville, Decatur, Tuscaloosa, and Scottsboro among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Bank Of The South has an above average approval rate when compared to the average across all lenders.
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Originations
120Origination Dollar Volume (All Markets)
$17,590,000Top 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 |
|---|---|---|---|---|---|
| Cullman, AL (FHA|USDA|VA) | 55 | $9,325,000 | $169,545 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 17 | $2,685,000 | $157,941 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $1,980,000 | $99,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 13 | $1,265,000 | $97,308 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $17,590,000 | $146,583 | $0 | 0.00% |
For 2023, Premier Bank Of The South's most frequently originated type of loan was Conventional, with 120 originations.
Loan Reason
For 2023, Premier Bank Of The South's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 120 | $17,590,000 | $146,583 | $0 | 0.00% |
For 2023, Premier Bank Of The South's most frequently cited loan duration was Other, with 120 originations.
Loan Sizing
2023 saw Premier Bank Of The South place emphasis on $100,000 or less loans with 64 originations, totaling $3,140,000 in origination value.
Applicant Income
Premier Bank Of The South lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 120 | $17,590,000 | $146,583 | $0 | 0.00% |
Premier Bank Of The South lent most frequently to those with DTI ratios of Exempt%, with 120 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.36%
Premier Bank Of The South has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 120 | $17,590,000 | $146,583 |