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: Springfield, Cape Girardeau, Poplar Bluff, Jonesboro, and West Plains among others. We have data for 53 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

    1,915

    Origination Dollar Volume (All Markets)

    $351,185,000

    Employee count

    477 Show all (19) 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 483 $68,355,000 $141,522 $1,722 3.89%
    SPRINGFIELD, MO (FHA|USDA|VA) 345 $59,305,000 $171,899 $1,804 3.61%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 212 $43,530,000 $205,330 $1,709 3.46%
    Poplar Bluff, MO (FHA|USDA|VA) 271 $40,995,000 $151,273 $1,560 3.68%
    JONESBORO, AR (FHA|USDA|VA) 137 $23,835,000 $173,978 $1,570 3.92%
    West Plains, MO (FHA|USDA|VA) 109 $17,465,000 $160,229 $1,626 3.39%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $9,010,000 $2,252,500 $0 4.06%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 23 $7,215,000 $313,696 $2,125 3.60%
    Paragould, AR (FHA|USDA|VA) 44 $6,440,000 $146,364 $1,637 3.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $6,035,000 $2,011,667 $1,729 3.75%
    Kennett, MO (FHA|USDA|VA) 51 $5,165,000 $101,275 $1,721 3.80%
    Sikeston, MO (FHA|USDA|VA) 32 $5,070,000 $158,438 $1,730 3.45%
    Branson, MO (FHA|USDA|VA) 39 $5,015,000 $128,590 $1,808 4.06%
    Searcy, AR (FHA|USDA|VA) 38 $4,590,000 $120,789 $1,625 3.90%
    JACKSON, MS (FHA|USDA|VA) 2 $4,430,000 $2,215,000 $0 3.75%
    JOHNSON CITY, TN (FHA|USDA|VA) 2 $4,240,000 $2,120,000 $0 4.06%
    LONGVIEW, TX (FHA|USDA|VA) 1 $3,805,000 $3,805,000 $0 3.63%
    Batesville, AR (FHA|USDA|VA) 26 $3,470,000 $133,462 $2,013 4.20%
    Rolla, MO (FHA|USDA|VA) 20 $2,540,000 $127,000 $1,554 3.95%
    JOPLIN, MO (FHA|USDA|VA) 5 $2,255,000 $451,000 $2,675 3.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 10 $2,190,000 $219,000 $1,744 3.03%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,030,000 $507,500 $1,709 3.70%
    Muskogee, OK (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $0 3.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,845,000 $369,000 $3,352 3.83%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $5,374 3.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 4.75%
    Minden, LA (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 3.63%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 3.63%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $0 4.50%
    Laurinburg, NC (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $0 3.63%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 3.63%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $1,110,000 $185,000 $1,953 2.94%
    JACKSON, TN (FHA|USDA|VA) 1 $905,000 $905,000 $0 3.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $820,000 $205,000 $1,907 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $730,000 $365,000 $4,634 3.50%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $725,000 $725,000 $0 4.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $680,000 $170,000 $2,041 4.06%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $585,000 $195,000 $2,315 3.46%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $545,000 $545,000 $0 4.75%
    Lebanon, MO (FHA|USDA|VA) 4 $510,000 $127,500 $1,776 3.94%
    Crossville, TN (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.50%
    Malvern, AR (FHA|USDA|VA) 2 $450,000 $225,000 $2,023 3.44%
    Stillwater, OK (FHA|USDA|VA) 1 $405,000 $405,000 $3,034 3.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $295,000 $295,000 $2,010 2.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $235,000 $235,000 $1,440 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,580 2.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,007 2.50%
    Farmington, MO (FHA|USDA|VA) 2 $190,000 $95,000 $1,551 4.20%
    Elk City, OK (FHA|USDA|VA) 1 $155,000 $155,000 $2,630 4.25%
    MEDFORD, OR (FHA|USDA|VA) 1 $135,000 $135,000 $2,828 2.50%
    Forrest City, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,247 2.63%
    Mountain Home, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
    Southern Bank's top markets include Springfield, Cape Girardeau, Poplar Bluff, Jonesboro, and West Plains among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Mississippi (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 Midwest Bank of Poplar Bluff
    Similarity Rank: 144
    First Midwest Bank of Dexter
    Similarity Rank: 156
    HNB National Bank
    Similarity Rank: 165
    ARKANSAS Federal Credit Union
    Similarity Rank: 184
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 770
    First National Bank
    Similarity Rank: 836

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,840 $342,700,000 $186,250 $1,637 3.73%
    USDA 75 $8,485,000 $113,133 $3,281 3.35%

    For 2020, Southern Bank's most frequently originated type of loan was Conventional, with 1,840 originations. Their 2nd most popular type was USDA, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 864 $145,760,000 $168,704 $1,888 3.99%
    Refi 801 $163,045,000 $203,552 $1,565 3.59%
    Cash Out Refi 196 $37,760,000 $192,653 $1,800 2.91%
    Home Improvement 29 $2,085,000 $71,897 $1,049 4.54%
    Other 25 $2,535,000 $101,400 $1,349 3.98%

    For 2020, Southern Bank's most frequently cited loan purpose was Home Purchase, with 864 originations. The 2nd most popular reason was Refi, with 801 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 990 $182,090,000 $183,929 $1,820 3.61%
    15 Year 388 $59,210,000 $152,603 $1,594 3.16%
    Other 147 $23,975,000 $163,095 $1,409 4.40%
    10 Year 130 $51,730,000 $397,923 $1,304 4.33%
    20 Year 128 $16,810,000 $131,328 $1,500 3.80%
    5 Year 82 $10,020,000 $122,195 $784 4.66%
    1 Year 33 $4,925,000 $149,242 $0 5.02%
    3 Year 17 $2,425,000 $142,647 $672 4.65%

    For 2020, Southern Bank's most frequently cited loan duration was 30 Year, with 990 originations. The 2nd most popular length was 15 Year, with 388 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,547 $262,705,000 $169,816
    $1k-2k 2 $480,000 $240,000
    $2k-3k 1 $185,000 $185,000

    Southern Bank's average total fees were $1,820, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,547 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 639 $98,845,000 $154,687
    3-4% 620 $137,070,000 $221,081
    2.5-3% 423 $84,035,000 $198,664
    <2.5% 153 $24,505,000 $160,163
    5-6% 75 $6,515,000 $86,867
    6-7% 5 $215,000 $43,000

    During 2020, Southern Bank's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 4-5%, with 639 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 777 $111,265,000 $143,198 $1,742 3.53%
    $100,000 or less 641 $40,865,000 $63,752 $1,451 4.17%
    $200k-400k 378 $101,200,000 $267,725 $1,863 3.36%
    $400k-600k 79 $36,845,000 $466,392 $2,230 3.44%
    $1MM+ 25 $48,905,000 $1,956,200 $3,280 4.07%
    $600k-1MM 15 $12,105,000 $807,000 $2,910 4.08%

    2020 saw Southern Bank place emphasis on $100k-200k loans with 777 originations, totaling $111,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 362 $45,400,000 $125,414 $1,700 3.63%
    $50k or less 358 $31,490,000 $87,961 $1,665 3.93%
    $100k-150k 350 $67,000,000 $191,429 $1,718 3.47%
    $75k-100k 276 $42,640,000 $154,493 $1,674 3.50%
    $150k-250k 177 $42,385,000 $239,463 $1,792 3.33%
    $250k+ 115 $39,935,000 $347,261 $1,995 3.51%

    Southern Bank lent most frequently to those with incomes in the $50k-75k range, with 362 originations. The second most popular income band? $50k or less, with 358 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 540 $89,550,000 $165,833 $1,698 3.46%
    <20% 381 $59,955,000 $157,362 $1,667 3.35%
    30-36% 287 $51,485,000 $179,390 $1,772 3.59%
    36% 48 $8,080,000 $168,333 $1,764 3.78%
    38% 47 $9,625,000 $204,787 $1,765 3.52%
    37% 45 $7,735,000 $171,889 $1,762 3.74%
    39% 33 $4,895,000 $148,333 $1,781 3.61%
    40% 33 $6,935,000 $210,152 $2,102 3.56%
    43% 29 $5,055,000 $174,310 $1,671 3.79%
    41% 27 $3,555,000 $131,667 $1,723 3.62%
    42% 25 $3,655,000 $146,200 $1,634 4.01%
    44% 21 $3,285,000 $156,429 $1,619 4.14%
    45% 16 $2,460,000 $153,750 $1,678 3.70%
    46% 15 $3,855,000 $257,000 $2,016 3.43%
    50-60% 13 $1,745,000 $134,231 $1,474 3.98%
    47% 7 $1,215,000 $173,571 $1,711 3.68%
    49% 7 $1,215,000 $173,571 $1,630 3.68%
    >60% 3 $485,000 $161,667 $1,611 3.93%
    48% 3 $895,000 $298,333 $1,704 3.05%

    Southern Bank lent most frequently to those with DTI ratios of 20-30%, with 540 originations. The next most common DTI ratio? <20%, with 381 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,655 $271,445,000 $164,015 $1,716 3.60%
    Not applicable 227 $74,295,000 $327,291 $0 4.55%
    Not provided 15 $2,745,000 $183,000 $1,848 3.73%
    Asian 9 $1,775,000 $197,222 $1,679 3.57%
    Black 7 $655,000 $93,571 $1,916 4.68%
    American Indian 1 $145,000 $145,000 $1,640 4.50%
    Native Hawaiian or Islander 1 $125,000 $125,000 $1,561 4.00%

    Approval Rates

    Total approvals of all applications
    96.17%

    Southern Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.23%

    Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,915 $351,185,000 $183,386

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 73 $61,265,000 $839,247
    Single Family (1-4 Units):Manufactured 98 $8,190,000 $83,571
    Single Family (1-4 Units):Site-Built 1,744 $281,730,000 $161,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $11,795,000 $100,812 $1,496 3.67%
    40-60% 292 $60,680,000 $207,808 $1,654 3.49%
    60-80% 829 $174,305,000 $210,259 $1,640 3.61%
    80-100% 625 $98,825,000 $158,120 $1,922 3.91%
    Over 100% 7 $1,035,000 $147,857 $2,374 3.86%
    Under 20% 45 $4,545,000 $101,000 $849 4.49%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Southern Bank 13371 Highway 53 Qulin, MO 63961 Full Service B&M $31,142
    Southern Bank 358 South Main Street Anna, IL 62906 Full Service B&M $31,676
    Southern Bank 106 North Main Street Gideon, MO 63848 Full Service B&M $20,089
    Southern Bank 100 W Main Matthews, MO 63867 Full Service B&M $3,880
    Southern Bank 101 Trotter Street Essex, MO 63846 Full Service B&M $19,207
    Southern Bank 116 Chestnut Street Thayer, MO 65791 Full Service B&M $58,129
    Southern Bank 11892 State Hwy 13, Suite 3 Kimberling City, MO 65686 Full Service B&M $55,710
    Southern Bank 1205 S Main Sikeston, MO 63801 Full Service B&M $73,902
    Southern Bank 125 East Walnut Thayer, MO 65791 Limited, Drive-thru $0
    Southern Bank 125 East Yoakum Street Chaffee, MO 63740 Full Service B&M $21,803
    Southern Bank 1292 Banning Street Marshfield, MO 65706 Full Service B&M $82,302
    Southern Bank 145 Russell Avenue Tamms, IL 62988 Full Service B&M $21,633
    Southern Bank 15775 Us Hwy 160 Forsyth, MO 65653 Full Service B&M $71,136
    Southern Bank 1583 South St. Louis Street Batesville, AR 72501 Full Service B&M $53,365
    Southern Bank 1727 West Kingshighway Paragould, AR 72451 Full Service B&M $38,827
    Southern Bank 1925 South Main Street Jonesboro, AR 72401 Full Service B&M $29,969
    Southern Bank 2001 North Westwood Boulevard Poplar Bluff, MO 63901 Full Service B&M $30,793
    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 210 W 10th St Rolla, MO 65401 Full Service B&M $48,115
    Southern Bank 2208 East Race Avenue Searcy, AR 72143 Full Service B&M $48,230
    Southern Bank 2471 West Jackson Street Ozark, MO 65721 Full Service B&M $19,869
    Southern Bank 2775 East Nettleton Avenue Jonesboro, AR 72401 Full Service B&M $68,180
    Southern Bank 2800 Sycamore Street Cairo, IL 62914 Full Service B&M $29,324
    Southern Bank 2911 East Sunshine Street Springfield, MO 65804 Full Service B&M $25,044
    Southern Bank 2991 Oak Grove Rd Poplar Bluff, MO 63901 Full Service B&M $0
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service Cyber Office $13,340
    Southern Bank 2991 Oak Grove Road Poplar Bluff, MO 63901 Full Service B&M $236,960
    Southern Bank 3000 West Republic Road Springfield, MO 65807 Full Service B&M $27,601
    Southern Bank 301 First Street Kennett, MO 63857 Full Service B&M $155,421
    Southern Bank 302 Washington Doniphan, MO 63935 Full Service B&M $57,400
    Southern Bank 303 Market Street Dexter, MO 63841 Full Service B&M $45,888
    Southern Bank 305 West Mt. Vernon Street Nixa, MO 65714 Full Service B&M $97,550
    Southern Bank 306 South Elm Street Bald Knob, AR 72010 Full Service B&M $41,596
    Southern Bank 310 Ruth Street Advance, MO 63730 Full Service B&M $17,337
    Southern Bank 3168 William Street Cape Girardeau, MO 63701 Full Service B&M $102,694
    Southern Bank 317 South Main Rogersville, MO 65742 Full Service B&M $35,418
    Southern Bank 380 North Kingshighway Cape Girardeau, MO 63701 Full Service B&M $23,053
    Southern Bank 4214 Highway Pp, Township Line Road Poplar Bluff, MO 63901 Full Service B&M $34,949
    Southern Bank 4308 S National Avenue, Suite 100 Springfield, MO 65810 Full Service B&M $71,768
    Southern Bank 502 Main Street Van Buren, MO 63965 Full Service B&M $19,197
    Southern Bank 505 Highway 25 South Bloomfield, MO 63825 Full Service B&M $13,565
    Southern Bank 506 West Highway 160 Alton, MO 65606 Full Service B&M $11,485
    Southern Bank 52 West Missouri Street Benton, MO 63736 Full Service B&M $26,104
    Southern Bank 5227 North Highway 367 Bradford, AR 72020 Full Service B&M $21,058
    Southern Bank 531 Vine St Poplar Bluff, MO 63901 Full Service B&M $5,149
    Southern Bank 713 Us 60 Business Dexter, MO 63841 Full Service B&M $85,577
    Southern Bank 727 West Main Street Jackson, MO 63755 Full Service B&M $44,975
    Southern Bank 7410 Missouri 14 Clever, MO 65631 Full Service B&M $30,857
    Southern Bank 9005 Sawgrass Avenue Nixa, MO 65714 Full Service B&M $24,785
    Southern Bank 960 Preacher Roe Boulevard West Plains, MO 65775 Full Service B&M $63,375

    For 2020, Southern Bank had 51 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $109,134
    Net interest income $88,212
    Total noninterest income $20,651
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,809
    Trading account gains and fees $0
    Additional Noninterest Income $14,842
    Pre-tax net operating income $44,911
    Securities gains (or losses, -) $0
    Income before extraordinary items $35,785
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $35,785
    Minority interest net income $0
    Net income $35,785
    Sale, conversion, retirement of capital stock, net $427
    Net operating income $35,785

    Southern Bank's gross interest income from loans was $109,134,000.
    Southern Bank's net interest income from loans was $88,212,000.
    Southern Bank's fee based income from loans was $5,809,000.
    Southern Bank's net income from loans was $35,785,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,922
    Provision for credit losses $6,104
    Total noninterest expense $57,848
    Salaries and employee benefits $31,184
    Premises and equipment expense $7,425
    Additional noninterest expense $19,239
    Applicable income taxes $9,126
    Net charge-offs $781
    Cash dividends $34,000

    Southern Bank's interest expense for loans was $20,922,000.
    Southern Bank's payroll and benefits expense were $31,184,000.
    Southern Bank's property, plant and equipment expenses $7,425,000.

    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 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 $2,268,331
    Deposits held in domestic offices $2,268,331
    Deposits by Individuals, partnerships, and corporations $2,006,206
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $254,904
    Deposits by Commercial banks and other depository institutions in U.S. $7,221
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $424,273
    Demand deposits $336,194
    Nontransaction accounts $1,844,058
    Money market deposit accounts (MMDAs) $238,333
    Other savings deposits (excluding MMDAs) $983,572
    Total time deposits $622,153
    Total time and savings deposits $1,932,137
    Noninterest-bearing deposits $340,742
    Interest-bearing deposits $1,927,589
    Retail deposits $2,099,470
    IRAs and Keogh plan accounts $79,697
    Brokered deposits $36,005
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,609,532
    Cash & Balances due from depository institutions $150,496
    Interest-bearing balances $105,623
    Total securities $181,121
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,121,398
    Loan and leases loss allowance $35,471
    Trading account assets $0
    Bank premises and fixed assets $63,854
    Other real estate owned $2,707
    Goodwill and other intangibles $8,502
    All other assets $81,454

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,609,532
    Total Liabilities $2,343,791
    Total deposits $2,268,331
    Interest-bearing deposits $1,927,589
    Deposits held in domestic offices $2,268,331
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $63,286
    Subordinated debt $0
    All other liabilities $12,174

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,121,398
    Loan and leases loss allowance $35,471
    Total loans and leases (domestic) $2,156,869
    All real estate loans $1,710,287
    Real estate loans in domestic offices $1,710,287
    Construction and development loans $168,098
    Residential 1-4 family construction $33,770
    Other construction, all land development and other land $134,328
    Loans secured by nonfarm nonresidential properties $661,703
    Nonfarm nonresidential secured by owner-occupied properties $242,746
    Commercial real estate & other non-farm, non-residential $418,957
    Multifamily residential real estate $198,345
    1-4 family residential loans $496,410
    Farmland loans $185,731
    Loans held in foreign offices $0
    Farm loans $99,449
    Commercial and industrial loans $301,650
    To non-U.S. addressees $0
    Loans to individuals $35,320
    Credit card loans $0
    Related Plans $1,144
    Consumer Auto Loans $13,451
    Other loans to individuals $20,725
    All other loans & leases $10,163
    Loans to foreign governments and official institutions $0
    Other loans $419
    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 $7,897
    Non 1-4 family restructured loans & leases $6,726
    Total loans and leases (foreign) $0

    Southern Bank had $2,121,398,000 of loans outstanding in 2020. $1,710,287,000 of loans were in real estate loans. $168,098,000 of loans were in development loans. $198,345,000 of loans were in multifamily mortgage loans. $496,410,000 of loans were in 1-4 family mortgage loans. $99,449,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,451,000 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 680 $154,817 $227,672
    Nonfarm, nonresidential loans - <$100k 204 $8,100 $39,706
    Nonfarm, nonresidential loans - $100-250k 172 $20,034 $116,477
    Nonfarm, nonresidential loans - $250k-1MM 304 $126,683 $416,720
    Commercial & Industrial, US addressed loans - <$1MM 2,211 $135,799 $61,420
    Commercial & Industrial, US addressed loans - <$100k 1,749 $39,409 $22,532
    Commercial & Industrial, US addressed loans - $100-250k 253 $28,640 $113,202
    Commercial & Industrial, US addressed loans - $250k-1MM 209 $67,750 $324,163
    Farmland loans - <$1MM 592 $65,012 $109,818
    Farmland loans - <$100k 279 $11,454 $41,054
    Farmland loans - $100-250k 211 $26,726 $126,664
    Farmland loans - $250k-1MM 102 $26,832 $263,059
    Agriculture operations loans - <$1MM 547 $23,893 $43,680
    Agriculture operations loans - <$100k 445 $8,726 $19,609
    Agriculture operations loans - $100-250k 61 $6,543 $107,262
    Agriculture operations loans - $250k-1MM 41 $8,624 $210,341