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

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    • 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: Cape Girardeau, Poplar Bluff, Springfield, Jonesboro, and Branson among others. We have data for 37 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 an above 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.

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    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

    972

    Origination Dollar Volume (All Markets)

    $188,790,000

    Employee count

    461 Show all (12) 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 240 $28,270,000 $117,792 $1,698 4.95%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 100 $22,470,000 $224,700 $1,852 4.69%
    Poplar Bluff, MO (FHA|USDA|VA) 161 $20,705,000 $128,602 $1,399 4.86%
    SPRINGFIELD, MO (FHA|USDA|VA) 137 $18,945,000 $138,285 $1,667 5.05%
    JONESBORO, AR (FHA|USDA|VA) 59 $9,815,000 $166,356 $1,373 4.95%
    Branson, MO (FHA|USDA|VA) 17 $9,005,000 $529,706 $1,521 5.07%
    LONGVIEW, TX (FHA|USDA|VA) 2 $8,410,000 $4,205,000 $0 5.13%
    AMARILLO, TX (FHA|USDA|VA) 1 $7,765,000 $7,765,000 $0 4.50%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $7,475,000 $7,475,000 $0 4.50%
    West Plains, MO (FHA|USDA|VA) 57 $6,665,000 $116,930 $1,876 4.68%
    ABILENE, TX (FHA|USDA|VA) 1 $6,255,000 $6,255,000 $0 5.75%
    Searcy, AR (FHA|USDA|VA) 27 $6,075,000 $225,000 $1,511 5.25%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 21 $5,385,000 $256,429 $2,259 5.31%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $4,305,000 $4,305,000 $0 5.50%
    Kennett, MO (FHA|USDA|VA) 46 $3,690,000 $80,217 $1,665 5.08%
    Paragould, AR (FHA|USDA|VA) 31 $3,565,000 $115,000 $1,639 4.96%
    CLEVELAND, TN (FHA|USDA|VA) 1 $2,945,000 $2,945,000 $0 5.75%
    Blytheville, AR (FHA|USDA|VA) 3 $2,785,000 $928,333 $2,252 4.67%
    Batesville, AR (FHA|USDA|VA) 23 $2,595,000 $112,826 $1,622 5.03%
    Palestine, TX (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $0 4.50%
    Sikeston, MO (FHA|USDA|VA) 14 $1,580,000 $112,857 $2,021 4.73%
    Cornelia, GA (FHA|USDA|VA) 1 $1,515,000 $1,515,000 $0 5.75%
    Guymon, OK (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 5.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $1,055,000 $351,667 $1,489 5.16%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $675,000 $225,000 $1,608 5.03%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $620,000 $155,000 $2,487 4.34%
    Mountain Home, AR (FHA|USDA|VA) 3 $565,000 $188,333 $1,746 4.97%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $540,000 $135,000 $1,569 4.24%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $445,000 $445,000 $0 5.85%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $375,000 $375,000 $3,865 4.15%
    Stillwater, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.50%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.75%
    Dyersburg, TN (FHA|USDA|VA) 1 $235,000 $235,000 $1,358 5.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,929 4.63%
    Cleveland, MS (FHA|USDA|VA) 1 $135,000 $135,000 $1,868 4.00%
    Rolla, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,468 6.75%
    Southern Bank's top markets include Cape Girardeau, Poplar Bluff, Springfield, Jonesboro, and Branson among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (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.

    ARKANSAS Federal Credit Union
    Similarity Rank: 90
    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    Landmark Bank
    Similarity Rank: 300
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    First National Bank
    Similarity Rank: 551

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 903 $181,195,000 $200,659 $1,490 4.97%
    USDA 69 $7,595,000 $110,072 $3,209 4.34%

    For 2019, Southern Bank's most frequently originated type of loan was Conventional, with 903 originations. Their 2nd most popular type was USDA, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 585 $115,285,000 $197,068 $1,866 4.99%
    Refi 313 $66,505,000 $212,476 $1,377 4.83%
    Other 31 $3,565,000 $115,000 $1,383 4.90%
    Cash Out Refi 23 $2,235,000 $97,174 $1,619 4.29%
    Home Improvement 20 $1,200,000 $60,000 $1,328 5.58%

    For 2019, Southern Bank's most frequently cited loan purpose was Home Purchase, with 585 originations. The 2nd most popular reason was Refi, with 313 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 450 $71,560,000 $159,022 $1,836 4.70%
    15 Year 140 $12,920,000 $92,286 $1,392 4.63%
    5 Year 106 $17,420,000 $164,340 $806 5.49%
    10 Year 95 $60,555,000 $637,421 $1,158 5.30%
    20 Year 82 $10,580,000 $129,024 $1,292 5.09%
    Other 66 $10,250,000 $155,303 $1,417 5.26%
    3 Year 18 $3,820,000 $212,222 $1,431 5.56%
    1 Year 15 $1,685,000 $112,333 $0 5.34%

    For 2019, Southern Bank's most frequently cited loan duration was 30 Year, with 450 originations. The 2nd most popular length was 15 Year, with 140 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 672 $92,050,000 $136,979
    $1k-2k 3 $495,000 $165,000

    Southern Bank's average total fees were $1,836, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 672 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 423 $94,195,000 $222,683
    5-6% 305 $53,195,000 $174,410
    3-4% 171 $35,985,000 $210,439
    6-7% 70 $4,970,000 $71,000
    2.5-3% 1 $155,000 $155,000
    7-8% 1 $275,000 $275,000
    Over 8% 1 $15,000 $15,000

    During 2019, Southern Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 423 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 460 $27,030,000 $58,761 $1,471 5.18%
    $100k-200k 328 $46,190,000 $140,823 $1,799 4.70%
    $200k-400k 126 $33,810,000 $268,333 $1,818 4.68%
    $400k-600k 28 $13,270,000 $473,929 $2,044 4.70%
    $1MM+ 18 $59,470,000 $3,303,889 $2,468 4.90%
    $600k-1MM 12 $9,020,000 $751,667 $2,305 4.77%

    2019 saw Southern Bank place emphasis on $100,000 or less loans with 460 originations, totaling $27,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 223 $16,785,000 $75,269 $1,665 5.03%
    $50k-75k 191 $19,055,000 $99,764 $1,739 4.88%
    $100k-150k 137 $20,935,000 $152,810 $1,578 4.79%
    $75k-100k 122 $16,750,000 $137,295 $1,698 4.67%
    $150k-250k 65 $15,235,000 $234,385 $1,684 4.76%
    $250k+ 37 $11,545,000 $312,027 $1,708 4.58%

    Southern Bank lent most frequently to those with incomes in the $50k or less range, with 223 originations. The second most popular income band? $50k-75k, with 191 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 249 $32,415,000 $130,181 $1,659 4.71%
    30-36% 141 $18,925,000 $134,220 $1,824 4.70%
    <20% 116 $14,360,000 $123,793 $1,569 4.57%
    37% 28 $4,990,000 $178,214 $1,747 4.78%
    36% 27 $4,095,000 $151,667 $1,627 4.87%
    41% 23 $3,305,000 $143,696 $1,765 5.05%
    38% 19 $2,295,000 $120,789 $1,723 4.93%
    39% 18 $2,230,000 $123,889 $1,631 4.90%
    44% 18 $1,830,000 $101,667 $1,505 5.55%
    40% 16 $2,280,000 $142,500 $1,589 4.86%
    42% 12 $1,940,000 $161,667 $1,291 5.25%
    43% 12 $1,660,000 $138,333 $1,709 5.01%
    >60% 8 $1,270,000 $158,750 $1,571 5.32%
    50-60% 8 $1,080,000 $135,000 $1,253 4.59%
    45% 7 $985,000 $140,714 $1,660 4.51%
    48% 6 $440,000 $73,333 $1,196 5.94%
    47% 5 $485,000 $97,000 $1,646 5.21%
    46% 5 $505,000 $101,000 $1,780 4.77%
    49% 1 $145,000 $145,000 $1,532 5.75%

    Southern Bank lent most frequently to those with DTI ratios of 20-30%, with 249 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 782 $101,150,000 $129,348 $1,660 4.85%
    Not applicable 174 $85,740,000 $492,759 $1,471 5.27%
    Not provided 4 $700,000 $175,000 $1,729 4.91%
    Black 7 $615,000 $87,857 $2,165 4.93%
    Asian 4 $480,000 $120,000 $1,426 4.53%
    American Indian 1 $105,000 $105,000 $2,632 4.63%

    Approval Rates

    Total approvals of all applications
    94.15%

    Southern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.39%

    Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 972 $188,790,000 $194,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 54 $73,960,000 $1,369,630
    Single Family (1-4 Units):Manufactured 61 $3,595,000 $58,934
    Single Family (1-4 Units):Site-Built 857 $111,235,000 $129,796

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $4,925,000 $80,738 $1,320 5.03%
    40-60% 118 $17,080,000 $144,746 $1,358 4.97%
    60-80% 394 $100,020,000 $253,858 $1,532 4.86%
    80-100% 372 $64,130,000 $172,392 $1,966 4.93%
    Over 100% 3 $455,000 $151,667 $3,060 5.92%
    Under 20% 23 $1,965,000 $85,435 $778 5.61%

    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 Bank 100 W Main Matthews, MO 63867 Full Service B&M $3,366
    Southern Bank 101 Trotter Street Essex, MO 63846 Full Service B&M $19,839
    Southern Bank 106 North Main Street Gideon, MO 63848 Full Service B&M $21,650
    Southern Bank 116 Chestnut Street Thayer, MO 65791 Full Service B&M $56,228
    Southern Bank 11892 State Hwy 13, Suite 3 Kimberling City, MO 65686 Full Service B&M $47,431
    Southern Bank 1205 S Main Sikeston, MO 63801 Full Service B&M $62,857
    Southern Bank 125 East Yoakum Street Chaffee, MO 63740 Full Service B&M $19,323
    Southern Bank 1292 Banning Street Marshfield, MO 65706 Full Service B&M $72,001
    Southern Bank 145 Russell Avenue Tamms, IL 62988 Full Service B&M $19,748
    Southern Bank 15775 Us Hwy 160 Forsyth, MO 65653 Full Service B&M $63,434
    Southern Bank 1583 South St. Louis Street Batesville, AR 72501 Full Service B&M $51,996
    Southern Bank 1727 West Kingshighway Paragould, AR 72451 Full Service B&M $33,615
    Southern Bank 1925 South Main Street Jonesboro, AR 72401 Full Service B&M $26,032
    Southern Bank 2001 North Westwood Boulevard Poplar Bluff, MO 63901 Full Service B&M $28,752
    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 $43,225
    Southern Bank 2471 West Jackson Street Ozark, MO 65721 Full Service B&M $15,198
    Southern Bank 2775 East Nettleton Avenue Jonesboro, AR 72401 Full Service B&M $68,053
    Southern Bank 2800 Sycamore Street Cairo, IL 62914 Full Service B&M $24,018
    Southern Bank 2911 East Sunshine Street Springfield, MO 65804 Full Service B&M $20,457
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service B&M $4,268
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service Cyber Office $13,869
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service B&M $211,091
    Southern Bank 3000 West Republic Road Springfield, MO 65807 Full Service B&M $25,225
    Southern Bank 301 First Street Kennett, MO 63857 Full Service B&M $137,491
    Southern Bank 302 Washington Doniphan, MO 63935 Full Service B&M $50,929
    Southern Bank 303 Market Street Dexter, MO 63841 Full Service B&M $42,944
    Southern Bank 305 West Mt. Vernon Street Nixa, MO 65714 Full Service B&M $77,264
    Southern Bank 306 South Elm Street Bald Knob, AR 72010 Full Service B&M $39,580
    Southern Bank 310 Ruth Street Advance, MO 63730 Full Service B&M $17,060
    Southern Bank 3168 William Street Cape Girardeau, MO 63701 Full Service B&M $91,818
    Southern Bank 317 South Main Rogersville, MO 65742 Full Service B&M $33,050
    Southern Bank 358 South Main Street Anna, IL 62906 Full Service B&M $23,465
    Southern Bank 380 North Kingshighway Cape Girardeau, MO 63701 Full Service B&M $18,350
    Southern Bank 400 Highway 160 West Alton Alton, MO 65606 Full Service B&M $9,638
    Southern Bank 4214 Highway Pp, Township Line Road Poplar Bluff, MO 63901 Full Service B&M $30,967
    Southern Bank 4308 S National Avenue, Suite 100 Springfield, MO 65810 Full Service B&M $63,887
    Southern Bank 502 Main Street Van Buren, MO 63965 Full Service B&M $17,543
    Southern Bank 505 Highway 25 South Bloomfield, MO 63825 Full Service B&M $11,200
    Southern Bank 52 West Missouri Street Benton, MO 63736 Full Service B&M $20,000
    Southern Bank 5227 North Highway 367 Bradford, AR 72020 Full Service B&M $21,021
    Southern Bank 713 Us 60 Business Dexter, MO 63841 Full Service B&M $79,606
    Southern Bank 727 West Main Street Jackson, MO 63755 Full Service B&M $29,335
    Southern Bank 7410 Missouri 14 Clever, MO 65631 Full Service B&M $28,121
    Southern Bank 9005 Sawgrass Avenue Nixa, MO 65714 Full Service B&M $21,521
    Southern Bank 960 Preacher Roe Boulevard West Plains, MO 65775 Full Service B&M $57,869
    Southern Bank Highways 53 And Y Qulin, MO 63961 Full Service B&M $27,513
    Southern Bank Highways 63 And 142 Thayer, MO 65791 Limited, Drive-thru $0

    For 2019, Southern Bank had 49 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $105,297
    Net interest income $77,971
    Total noninterest income $16,205
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $6,220
    Trading account gains and fees $0
    Additional Noninterest Income $9,985
    Pre-tax net operating income $39,143
    Securities gains (or losses, -) $244
    Income before extraordinary items $31,559
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $31,559
    Minority interest net income $0
    Net income $31,559
    Sale, conversion, retirement of capital stock, net $325
    Net operating income $31,363

    Southern Bank's gross interest income from loans was $105,297,000.
    Southern Bank's net interest income from loans was $77,971,000.
    Southern Bank's fee based income from loans was $6,220,000.
    Southern Bank's net income from loans was $31,559,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $27,326
    Provision for credit losses $2,321
    Total noninterest expense $52,712
    Salaries and employee benefits $28,190
    Premises and equipment expense $7,037
    Additional noninterest expense $17,485
    Applicable income taxes $7,828
    Net charge-offs $530
    Cash dividends $9,000

    Southern Bank's interest expense for loans was $27,326,000.
    Southern Bank's payroll and benefits expense were $28,190,000.
    Southern Bank's property, plant and equipment expenses $7,037,000.

    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 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 $1,922,007
    Deposits held in domestic offices $1,922,007
    Deposits by Individuals, partnerships, and corporations $1,656,179
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $264,834
    Deposits by Commercial banks and other depository institutions in U.S. $990
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $338,117
    Demand deposits $267,301
    Nontransaction accounts $1,583,890
    Money market deposit accounts (MMDAs) $204,143
    Other savings deposits (excluding MMDAs) $717,135
    Total time deposits $662,612
    Total time and savings deposits $1,654,706
    Noninterest-bearing deposits $229,825
    Interest-bearing deposits $1,692,182
    Retail deposits $1,744,674
    IRAs and Keogh plan accounts $75,092
    Brokered deposits $43,648
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,298,764
    Cash & Balances due from depository institutions $42,015
    Interest-bearing balances $5,327
    Total securities $175,843
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,922,786
    Loan and leases loss allowance $20,814
    Trading account assets $0
    Bank premises and fixed assets $64,825
    Other real estate owned $3,668
    Goodwill and other intangibles $9,472
    All other assets $80,155

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,298,764
    Total Liabilities $2,052,362
    Total deposits $1,922,007
    Interest-bearing deposits $1,692,182
    Deposits held in domestic offices $1,922,007
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $114,646
    Subordinated debt $0
    All other liabilities $15,709

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,922,786
    Loan and leases loss allowance $20,814
    Total loans and leases (domestic) $1,943,600
    All real estate loans $1,551,117
    Real estate loans in domestic offices $1,551,117
    Construction and development loans $159,162
    Residential 1-4 family construction $33,886
    Other construction, all land development and other land $125,276
    Loans secured by nonfarm nonresidential properties $606,710
    Nonfarm nonresidential secured by owner-occupied properties $221,486
    Commercial real estate & other non-farm, non-residential $385,224
    Multifamily residential real estate $163,875
    1-4 family residential loans $439,931
    Farmland loans $181,439
    Loans held in foreign offices $0
    Farm loans $93,367
    Commercial and industrial loans $253,425
    To non-U.S. addressees $0
    Loans to individuals $31,720
    Credit card loans $0
    Related Plans $1,099
    Consumer Auto Loans $10,680
    Other loans to individuals $19,941
    All other loans & leases $13,971
    Loans to foreign governments and official institutions $0
    Other loans $627
    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 $14,814
    Non 1-4 family restructured loans & leases $13,846
    Total loans and leases (foreign) $0

    Southern Bank had $1,922,786,000 of loans outstanding in 2019. $1,551,117,000 of loans were in real estate loans. $159,162,000 of loans were in development loans. $163,875,000 of loans were in multifamily mortgage loans. $439,931,000 of loans were in 1-4 family mortgage loans. $93,367,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,680,000 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 668 $150,237 $224,906
    Nonfarm, nonresidential loans - <$100k 201 $8,025 $39,925
    Nonfarm, nonresidential loans - $100-250k 172 $20,763 $120,715
    Nonfarm, nonresidential loans - $250k-1MM 295 $121,449 $411,692
    Commercial & Industrial, US addressed loans - <$1MM 1,124 $78,441 $69,787
    Commercial & Industrial, US addressed loans - <$100k 825 $18,059 $21,890
    Commercial & Industrial, US addressed loans - $100-250k 169 $17,042 $100,840
    Commercial & Industrial, US addressed loans - $250k-1MM 130 $43,340 $333,385
    Farmland loans - <$1MM 531 $58,250 $109,699
    Farmland loans - <$100k 260 $10,592 $40,738
    Farmland loans - $100-250k 175 $22,699 $129,709
    Farmland loans - $250k-1MM 96 $24,959 $259,990
    Agriculture operations loans - <$1MM 515 $23,220 $45,087
    Agriculture operations loans - <$100k 406 $8,166 $20,113
    Agriculture operations loans - $100-250k 63 $6,269 $99,508
    Agriculture operations loans - $250k-1MM 46 $8,785 $190,978