Southern Bank Mortgage Rates, Fees & Info

Poplar Bluff, MO

LEI: 549300YKBMBBIIMQJS94

Tax ID: 43-0462350

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
  • 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

    Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. Southern Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Poplar Bluff, Cape Girardeau, Springfield, Fayetteville, and Jonesboro among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern 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. Southern 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) 6.27% 12/3/24
    30 Year Conventional Purchase 7.00% 12/3/24
    30 Year Conventional Refi 6.91% 12/3/24
    30 Year Cash-out Refi 6.54% 12/3/24
    30 Year USDA Purchase 6.77% 12/3/24
    15 Year Conventional Purchase 6.79% 12/3/24
    15 Year Conventional Refi 6.67% 12/3/24
    15 Year Cash-out Refi 6.67% 12/3/24
    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 Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Southern 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

    733

    Origination Dollar Volume (All Markets)

    $136,525,000

    Employee count

    455 Show all (9) 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
    Outside of Metro Areas 179 $20,625,000 $115,223 $1,576 5.40%
    Poplar Bluff, MO (FHA|USDA|VA) 158 $19,660,000 $124,430 $1,525 5.08%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 68 $15,880,000 $233,529 $1,928 4.87%
    SPRINGFIELD, MO (FHA|USDA|VA) 87 $11,945,000 $137,299 $1,771 5.35%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $10,990,000 $5,495,000 $3,690 4.75%
    JONESBORO, AR (FHA|USDA|VA) 39 $7,355,000 $188,590 $1,644 5.30%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $6,780,000 $1,695,000 $0 5.13%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 13 $6,045,000 $465,000 $2,319 5.07%
    Searcy, AR (FHA|USDA|VA) 29 $5,135,000 $177,069 $1,892 5.63%
    West Plains, MO (FHA|USDA|VA) 42 $4,980,000 $118,571 $1,725 5.25%
    LONGVIEW, TX (FHA|USDA|VA) 2 $4,040,000 $2,020,000 $0 5.63%
    Batesville, AR (FHA|USDA|VA) 23 $2,995,000 $130,217 $1,701 5.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 5.25%
    McPherson, KS (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 5.50%
    DOTHAN, AL (FHA|USDA|VA) 1 $1,885,000 $1,885,000 $0 4.95%
    Rolla, MO (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $0 5.38%
    Kennett, MO (FHA|USDA|VA) 21 $1,705,000 $81,190 $1,658 5.81%
    Paragould, AR (FHA|USDA|VA) 13 $1,635,000 $125,769 $2,315 5.35%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,564 5.33%
    Sikeston, MO (FHA|USDA|VA) 10 $1,180,000 $118,000 $1,783 5.03%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $905,000 $905,000 $0 4.95%
    MONROE, LA (FHA|USDA|VA) 2 $800,000 $400,000 $0 5.75%
    Branson, MO (FHA|USDA|VA) 11 $735,000 $66,818 $1,426 5.86%
    COLUMBIA, MO (FHA|USDA|VA) 2 $490,000 $245,000 $1,364 4.73%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.25%
    LAWTON, OK (FHA|USDA|VA) 1 $425,000 $425,000 $3,184 3.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $1,948 5.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $310,000 $155,000 $2,412 5.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $1,905 4.50%
    FORT SMITH, AR-OK (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $230,000 $115,000 $2,065 5.25%
    Kearney, NE (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.50%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $155,000 $155,000 $1,372 4.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,848 4.75%
    OCALA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,507 5.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,735 4.88%
    Mountain Home, AR (FHA|USDA|VA) 1 $45,000 $45,000 $1,757 5.00%
    Southern Bank's top markets include Poplar Bluff, Cape Girardeau, Springfield, Fayetteville, and Jonesboro among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

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

    First Missouri State Bank of Cape County
    Similarity Rank: 55
    ARKANSAS Federal Credit Union
    Similarity Rank: 78
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    Landmark Bank
    Similarity Rank: 200
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    First National Bank
    Similarity Rank: 399

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 692 $131,880,000 $190,578 $1,544 5.27%
    USDA 40 $4,560,000 $114,000 $3,209 4.89%
    HELOC 1 $85,000 $85,000 n/a 5.00%

    For 2018, Southern Bank's most frequently originated type of loan was Conventional, with 692 originations. Their 2nd most popular type was USDA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 498 $103,240,000 $207,309 $1,815 5.19%
    Refi 170 $27,900,000 $164,118 $1,384 5.38%
    Cash Out Refi 24 $2,810,000 $117,083 $1,668 4.83%
    Home Improvement 22 $1,010,000 $45,909 $1,270 5.74%
    Other 19 $1,565,000 $82,368 $1,212 5.46%

    For 2018, Southern Bank's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Refi, with 170 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 327 $49,805,000 $152,309 $1,832 5.02%
    5 Year 100 $16,150,000 $161,500 $970 5.48%
    15 Year 80 $7,100,000 $88,750 $1,389 5.28%
    10 Year 67 $18,895,000 $282,015 $1,009 5.72%
    20 Year 55 $7,315,000 $133,000 $1,497 5.18%
    Other 53 $30,465,000 $574,811 $1,380 5.40%
    3 Year 31 $3,825,000 $123,387 $0 5.72%
    1 Year 20 $2,970,000 $148,500 $0 5.26%

    For 2018, Southern Bank's most frequently cited loan duration was 30 Year, with 327 originations. The 2nd most popular length was 5 Year, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 476 $64,910,000 $136,366
    $2k-3k 6 $1,430,000 $238,333
    $3k-4k 1 $405,000 $405,000

    Southern Bank's average total fees were $1,832, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 476 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 340 $70,570,000 $207,559
    4-5% 309 $58,065,000 $187,913
    6-7% 61 $3,345,000 $54,836
    3-4% 15 $4,215,000 $281,000
    7-8% 6 $280,000 $46,667
    Over 8% 2 $50,000 $25,000

    During 2018, Southern Bank's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 5-6%, with 340 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 347 $20,145,000 $58,055 $1,461 5.53%
    $100k-200k 240 $33,620,000 $140,083 $1,746 5.04%
    $200k-400k 105 $27,445,000 $261,381 $1,994 4.94%
    $400k-600k 18 $8,730,000 $485,000 $2,404 4.68%
    $1MM+ 17 $41,835,000 $2,460,882 $2,295 5.21%
    $600k-1MM 6 $4,750,000 $791,667 $2,380 5.08%

    2018 saw Southern Bank place emphasis on $100,000 or less loans with 347 originations, totaling $20,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 183 $13,495,000 $73,743 $1,573 5.50%
    $50k-75k 146 $17,340,000 $118,767 $1,737 5.15%
    $100k-150k 95 $14,775,000 $155,526 $1,685 5.04%
    $75k-100k 86 $11,390,000 $132,442 $1,699 5.14%
    $150k-250k 46 $9,330,000 $202,826 $1,778 4.90%
    $250k+ 27 $9,935,000 $367,963 $2,119 4.77%

    Southern Bank lent most frequently to those with incomes in the $50k or less range, with 183 originations. The second most popular income band? $50k-75k, with 146 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 176 $23,470,000 $133,352 $1,667 5.10%
    30-36% 108 $14,000,000 $129,630 $1,807 5.23%
    <20% 87 $10,635,000 $122,241 $1,540 5.08%
    38% 21 $2,695,000 $128,333 $1,801 5.11%
    40% 19 $2,185,000 $115,000 $1,917 5.44%
    36% 18 $3,060,000 $170,000 $1,682 5.13%
    42% 14 $1,660,000 $118,571 $1,506 5.40%
    37% 13 $1,845,000 $141,923 $1,659 5.00%
    39% 12 $1,880,000 $156,667 $1,636 5.19%
    41% 10 $1,280,000 $128,000 $1,596 5.41%
    43% 8 $1,030,000 $128,750 $1,780 5.23%
    46% 7 $645,000 $92,143 $1,472 5.25%
    44% 7 $885,000 $126,429 $1,595 5.26%
    45% 5 $685,000 $137,000 $2,014 4.85%
    49% 5 $895,000 $179,000 $1,353 4.83%
    50-60% 5 $525,000 $105,000 $1,195 5.15%
    47% 4 $430,000 $107,500 $1,878 5.44%
    48% 3 $375,000 $125,000 $1,660 5.88%
    >60% 2 $530,000 $265,000 $1,073 5.50%

    Southern Bank lent most frequently to those with DTI ratios of 20-30%, with 176 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 572 $73,900,000 $129,196 $1,658 5.22%
    Not applicable 134 $57,440,000 $428,657 $1,110 5.45%
    Asian 12 $2,300,000 $191,667 $2,302 4.93%
    Not provided 4 $1,490,000 $372,500 $1,947 4.69%
    Black 8 $1,060,000 $132,500 $2,452 5.05%
    American Indian 3 $335,000 $111,667 $2,209 5.00%

    Approval Rates

    Total approvals of all applications
    94.55%

    Southern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.95%

    Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 733 $136,525,000 $186,255

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $245,000 $245,000
    Multifamily:Site-Built 46 $47,470,000 $1,031,957
    Single Family (1-4 Units):Manufactured 44 $2,840,000 $64,545
    Single Family (1-4 Units):Site-Built 642 $85,970,000 $133,910

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $3,655,000 $81,222 $1,209 5.57%
    40-60% 63 $8,935,000 $141,825 $1,504 5.25%
    60-80% 328 $67,320,000 $205,244 $1,552 5.18%
    80-100% 272 $54,800,000 $201,471 $1,905 5.24%
    Over 100% 1 $125,000 $125,000 $1,754 4.38%
    Under 20% 24 $1,690,000 $70,417 $820 5.73%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Southern Star Capital, L.L.C. Conventional home 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 Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service B&M $162,373
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service Cyber Office $12,702
    Southern Bank 100 W Main Matthews, MO 63867 Full Service B&M $3,553
    Southern Bank 116 Chestnut Street Thayer, MO 65791 Full Service B&M $57,959
    Southern Bank 11892 State Hwy 13 Kimberling City, MO 65686 Full Service B&M $46,037
    Southern Bank 1205 S Main Sikeston, MO 63801 Full Service B&M $51,531
    Southern Bank 1292 Banning Street Marshfield, MO 65706 Full Service B&M $73,101
    Southern Bank 145 Russell Avenue Tamms, IL 62988 Full Service B&M $18,184
    Southern Bank 15775 Us Hwy 160 Forsyth, MO 65653 Full Service B&M $57,902
    Southern Bank 1583 South St. Louis Street Batesville, AR 72501 Full Service B&M $52,431
    Southern Bank 1727 West Kingshighway Paragould, AR 72451 Full Service B&M $33,904
    Southern Bank 1925 South Main Street Jonesboro, AR 72401 Full Service B&M $24,206
    Southern Bank 2001 North Westwood Boulevard Poplar Bluff, MO 63901 Full Service B&M $29,333
    Southern Bank 208 N. Mccroskey St Nixa, MO 65714 Limited, Administrative $0
    Southern Bank 2080 Three Rivers Blvd Poplar Bluff, MO 63901 Limited, Drive-thru $0
    Southern Bank 2208 East Race Avenue Searcy, AR 72143 Full Service B&M $40,912
    Southern Bank 2471 West Jackson Street Ozark, MO 65721 Full Service B&M $11,325
    Southern Bank 2775 East Nettleton Avenue Jonesboro, AR 72401 Full Service B&M $67,883
    Southern Bank 2800 Sycamore Street Cairo, IL 62914 Full Service B&M $21,569
    Southern Bank 2911 East Sunshine Street Springfield, MO 65804 Full Service B&M $17,989
    Southern Bank 3000 West Republic Road Springfield, MO 65807 Full Service B&M $25,051
    Southern Bank 301 First Street Kennett, MO 63857 Full Service B&M $141,107
    Southern Bank 302 Washington Doniphan, MO 63935 Full Service B&M $49,624
    Southern Bank 305 West Mt. Vernon Street Nixa, MO 65714 Full Service B&M $74,135
    Southern Bank 306 South Elm Street Bald Knob, AR 72010 Full Service B&M $38,578
    Southern Bank 3168 William Street Cape Girardeau, MO 63701 Full Service B&M $70,786
    Southern Bank 317 South Main Rogersville, MO 65742 Full Service B&M $13,645
    Southern Bank 358 South Main Street Anna, IL 62906 Full Service B&M $16,153
    Southern Bank 380 North Kingshighway Cape Girardeau, MO 63701 Full Service B&M $17,359
    Southern Bank 400 Highway 160 West Alton Alton, MO 65606 Full Service B&M $7,956
    Southern Bank 4214 Highway Pp Poplar Bluff, MO 63901 Full Service B&M $32,023
    Southern Bank 4308 S National Avenue Springfield, MO 65810 Full Service B&M $60,876
    Southern Bank 502 Main Street Van Buren, MO 63965 Full Service B&M $16,826
    Southern Bank 5227 North Highway 367 Bradford, AR 72020 Full Service B&M $20,454
    Southern Bank 531 Vine Street Poplar Bluff, MO 63901 Full Service B&M $2,214
    Southern Bank 63 Truman Road Marshfield, MO 65706 Full Service B&M $0
    Southern Bank 713 Us 60 Business Dexter, MO 63841 Full Service B&M $70,671
    Southern Bank 727 West Main Street Jackson, MO 63755 Full Service B&M $23,621
    Southern Bank 7410 Missouri 14 Clever, MO 65631 Full Service B&M $24,779
    Southern Bank 9005 Sawgrass Avenue Nixa, MO 65714 Full Service B&M $18,384
    Southern Bank 960 Preacher Roe Boulevard West Plains, MO 65775 Full Service B&M $53,082
    Southern Bank Highways 53 And Y Qulin, MO 63961 Full Service B&M $28,069
    Southern Bank Highways 63 And 142 Thayer, MO 65791 Limited, Drive-thru $0

    For 2018, Southern Bank had 43 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $85,454
    Net interest income $67,617
    Total noninterest income $14,691
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,290
    Trading account gains and fees $0
    Additional Noninterest Income $9,401
    Pre-tax net operating income $33,216
    Securities gains (or losses, -) $297
    Income before extraordinary items $26,347
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,347
    Minority interest net income $0
    Net income $26,347
    Sale, conversion, retirement of capital stock, net $207
    Net operating income $26,112

    Southern Bank's gross interest income from loans was $85,454,000.
    Southern Bank's net interest income from loans was $67,617,000.
    Southern Bank's fee based income from loans was $5,290,000.
    Southern Bank's net income from loans was $26,347,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,837
    Provision for credit losses $2,517
    Total noninterest expense $46,575
    Salaries and employee benefits $24,250
    Premises and equipment expense $6,154
    Additional noninterest expense $16,171
    Applicable income taxes $7,166
    Net charge-offs $376
    Cash dividends $22,000

    Southern Bank's interest expense for loans was $17,837,000.
    Southern Bank's payroll and benefits expense were $24,250,000.
    Southern Bank's property, plant and equipment expenses $6,154,000.

    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 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 $1,805,187
    Deposits held in domestic offices $1,805,187
    Deposits by Individuals, partnerships, and corporations $1,544,007
    Deposits by U.S. Government $24
    Deposits by States and political subdivisions in the U.S. $259,376
    Deposits by Commercial banks and other depository institutions in U.S. $1,780
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $272,415
    Demand deposits $193,043
    Nontransaction accounts $1,532,772
    Money market deposit accounts (MMDAs) $163,425
    Other savings deposits (excluding MMDAs) $731,497
    Total time deposits $637,850
    Total time and savings deposits $1,612,144
    Noninterest-bearing deposits $249,075
    Interest-bearing deposits $1,556,112
    Retail deposits $1,637,765
    IRAs and Keogh plan accounts $74,119
    Brokered deposits $49,632
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,197,497
    Cash & Balances due from depository institutions $40,095
    Interest-bearing balances $2,991
    Total securities $197,872
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,801,477
    Loan and leases loss allowance $19,023
    Trading account assets $0
    Bank premises and fixed assets $62,190
    Other real estate owned $3,894
    Goodwill and other intangibles $11,478
    All other assets $80,491

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,197,497
    Total Liabilities $1,977,434
    Total deposits $1,805,187
    Interest-bearing deposits $1,556,112
    Deposits held in domestic offices $1,805,187
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $4,425
    Trading liabilities $0
    Other borrowed funds $155,765
    Subordinated debt $0
    All other liabilities $12,057

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,801,477
    Loan and leases loss allowance $19,023
    Total loans and leases (domestic) $1,820,500
    All real estate loans $1,448,719
    Real estate loans in domestic offices $1,448,719
    Construction and development loans $129,699
    Residential 1-4 family construction $28,019
    Other construction, all land development and other land $101,680
    Loans secured by nonfarm nonresidential properties $596,316
    Nonfarm nonresidential secured by owner-occupied properties $224,247
    Commercial real estate & other non-farm, non-residential $372,069
    Multifamily residential real estate $130,348
    1-4 family residential loans $410,710
    Farmland loans $181,646
    Loans held in foreign offices $0
    Farm loans $84,837
    Commercial and industrial loans $242,112
    To non-U.S. addressees $0
    Loans to individuals $30,607
    Credit card loans $0
    Related Plans $1,082
    Consumer Auto Loans $11,671
    Other loans to individuals $17,854
    All other loans & leases $14,225
    Loans to foreign governments and official institutions $0
    Other loans $1,231
    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 $13,148
    Non 1-4 family restructured loans & leases $11,818
    Total loans and leases (foreign) $0

    Southern Bank had $1,801,477,000 of loans outstanding in 2018. $1,448,719,000 of loans were in real estate loans. $129,699,000 of loans were in development loans. $130,348,000 of loans were in multifamily mortgage loans. $410,710,000 of loans were in 1-4 family mortgage loans. $84,837,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,671,000 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 657 $141,548 $215,446
    Nonfarm, nonresidential loans - <$100k 211 $8,351 $39,578
    Nonfarm, nonresidential loans - $100-250k 170 $19,436 $114,329
    Nonfarm, nonresidential loans - $250k-1MM 276 $113,761 $412,178
    Commercial & Industrial, US addressed loans - <$1MM 1,098 $77,835 $70,888
    Commercial & Industrial, US addressed loans - <$100k 791 $17,139 $21,668
    Commercial & Industrial, US addressed loans - $100-250k 176 $18,329 $104,142
    Commercial & Industrial, US addressed loans - $250k-1MM 131 $42,367 $323,412
    Farmland loans - <$1MM 531 $57,220 $107,759
    Farmland loans - <$100k 262 $10,486 $40,023
    Farmland loans - $100-250k 168 $21,091 $125,542
    Farmland loans - $250k-1MM 101 $25,643 $253,891
    Agriculture operations loans - <$1MM 522 $23,061 $44,178
    Agriculture operations loans - <$100k 410 $8,587 $20,944
    Agriculture operations loans - $100-250k 65 $5,932 $91,262
    Agriculture operations loans - $250k-1MM 47 $8,542 $181,745