Southern Bank Mortgage Rates, Fees & Info
Poplar Bluff, MOLEI: 549300YKBMBBIIMQJS94
Tax ID: 43-0462350
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Bank Data
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, Poplar Bluff, Houston, Cape Girardeau, and Jonesboro among others. We have data for 79 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
30 Year Conventional Purchase | 7.00% | 9/1/24 |
30 Year Conventional Refi | 6.91% | 9/1/24 |
30 Year Cash-out Refi | 6.54% | 9/1/24 |
30 Year USDA Purchase | 6.77% | 9/1/24 |
15 Year Conventional Purchase | 6.79% | 9/1/24 |
15 Year Conventional Refi | 6.67% | 9/1/24 |
15 Year Cash-out Refi | 6.67% | 9/1/24 |
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
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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
1,711Origination Dollar Volume (All Markets)
$412,265,000Employee count
482 Show all (20) awardsSouthern Bank - 2021
Southern Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 | 427 | $61,665,000 | $144,415 | $1,775 | 3.78% |
SPRINGFIELD, MO (FHA|USDA|VA) | 314 | $57,820,000 | $184,140 | $1,883 | 3.58% |
Poplar Bluff, MO (FHA|USDA|VA) | 254 | $38,290,000 | $150,748 | $1,617 | 3.61% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $29,320,000 | $7,330,000 | $0 | 3.69% |
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 117 | $23,725,000 | $202,778 | $1,740 | 3.35% |
JONESBORO, AR (FHA|USDA|VA) | 111 | $17,355,000 | $156,351 | $1,826 | 3.98% |
West Plains, MO (FHA|USDA|VA) | 95 | $14,585,000 | $153,526 | $1,899 | 3.66% |
COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $13,270,000 | $6,635,000 | $0 | 3.85% |
ABILENE, TX (FHA|USDA|VA) | 2 | $10,210,000 | $5,105,000 | $0 | 3.85% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $8,790,000 | $4,395,000 | $0 | 3.85% |
LONGVIEW, TX (FHA|USDA|VA) | 2 | $8,770,000 | $4,385,000 | $0 | 3.85% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 30 | $8,420,000 | $280,667 | $2,161 | 3.92% |
KNOXVILLE, TN (FHA|USDA|VA) | 3 | $7,965,000 | $2,655,000 | $0 | 3.95% |
Branson, MO (FHA|USDA|VA) | 36 | $6,790,000 | $188,611 | $1,914 | 3.98% |
Searcy, AR (FHA|USDA|VA) | 47 | $6,535,000 | $139,043 | $1,848 | 3.91% |
Paragould, AR (FHA|USDA|VA) | 34 | $5,740,000 | $168,824 | $1,801 | 3.89% |
Gaffney, SC (FHA|USDA|VA) | 1 | $5,185,000 | $5,185,000 | $0 | 3.75% |
Sikeston, MO (FHA|USDA|VA) | 31 | $4,955,000 | $159,839 | $1,959 | 3.60% |
Kennett, MO (FHA|USDA|VA) | 46 | $4,540,000 | $98,696 | $1,891 | 3.92% |
Rolla, MO (FHA|USDA|VA) | 23 | $4,365,000 | $189,783 | $1,884 | 3.55% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $3,870,000 | $1,935,000 | $2,743 | 3.56% |
McPherson, KS (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 3.95% |
Palatka, FL (FHA|USDA|VA) | 1 | $3,325,000 | $3,325,000 | $0 | 3.95% |
Shawnee, OK (FHA|USDA|VA) | 1 | $3,085,000 | $3,085,000 | $0 | 3.95% |
TULSA, OK (FHA|USDA|VA) | 2 | $3,010,000 | $1,505,000 | $0 | 3.94% |
Batesville, AR (FHA|USDA|VA) | 25 | $2,715,000 | $108,600 | $1,454 | 4.27% |
Palestine, TX (FHA|USDA|VA) | 1 | $2,685,000 | $2,685,000 | $0 | 3.88% |
Paris, TX (FHA|USDA|VA) | 1 | $2,645,000 | $2,645,000 | $0 | 3.95% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $2,620,000 | $436,667 | $1,691 | 3.64% |
JACKSON, TN (FHA|USDA|VA) | 1 | $2,515,000 | $2,515,000 | $0 | 3.75% |
MONROE, LA (FHA|USDA|VA) | 2 | $2,500,000 | $1,250,000 | $0 | 3.75% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $2,385,000 | $2,385,000 | $0 | 3.75% |
JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $0 | 3.95% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $2,180,000 | $545,000 | $1,498 | 3.94% |
Muskogee, OK (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 3.88% |
ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $2,065,000 | $2,065,000 | $0 | 3.50% |
Alice, TX (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 3.95% |
Jacksonville, TX (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 3.88% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 3.95% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $1,589 | 3.17% |
Big Spring, TX (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 3.88% |
Fort Leonard Wood, MO (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $1,399 | 4.31% |
JOPLIN, MO (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $0 | 3.75% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $1,354 | 3.00% |
Paducah, KY-IL (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $2,551 | 3.52% |
Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $2,359 | 3.95% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $3,683 | 4.03% |
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 3.95% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $2,695 | 2.71% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $2,004 | 3.09% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 3.75% |
Pecos, TX (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 3.88% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $6,402 | 3.75% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $3,137 | 3.38% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,300 | 3.95% |
Russellville, AR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $1,372 | 3.25% |
Sevierville, TN (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,627 | 3.95% |
Lebanon, MO (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $1,759 | 4.00% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.88% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,069 | 3.25% |
Blytheville, AR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,559 | 3.98% |
Mineral Wells, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.25% |
Show Low, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,544 | 3.38% |
Breckenridge, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 4.25% |
Farmington, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,394 | 3.44% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,906 | 3.38% |
TOPEKA, KS (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 4.33% |
RAPID CITY, SD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,984 | 2.38% |
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,338 | 3.38% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.50% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.75% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,004 | 3.75% |
CARBONDALE-MARION, IL (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $1,743 | 4.25% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.50% |
Parsons, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.50% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,920 | 2.13% |
Mountain Home, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,111 | 4.00% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,019 | 2.50% |
WICHITA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,633 | $402,435,000 | $246,439 | $1,691 | 3.74% |
USDA | 78 | $9,830,000 | $126,026 | $3,525 | 2.97% |
For 2021, Southern Bank's most frequently originated type of loan was Conventional, with 1,633 originations. Their 2nd most popular type was USDA, with 78 originations.
Loan Reason
For 2021, Southern Bank's most frequently cited loan purpose was Home Purchase, with 960 originations. The 2nd most popular reason was Refi, with 547 originations.
Loan Duration/Length
For 2021, Southern Bank's most frequently cited loan duration was 30 Year, with 856 originations. The 2nd most popular length was 15 Year, with 276 originations.
Origination Fees/Closing Costs
Southern Bank's average total fees were $1,912, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,259 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 735 | $273,335,000 | $371,884 |
4-5% | 553 | $67,055,000 | $121,257 |
2.5-3% | 268 | $49,410,000 | $184,366 |
<2.5% | 131 | $21,045,000 | $160,649 |
5-6% | 24 | $1,420,000 | $59,167 |
During 2021, Southern Bank's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 735 originations.
Loan Sizing
2021 saw Southern Bank place emphasis on $100k-200k loans with 700 originations, totaling $99,990,000 in origination value.
Applicant Income
Southern Bank lent most frequently to those with incomes in the $50k or less range, with 363 originations. The second most popular income band? $50k-75k, with 361 originations.
Applicant Debt to Income Ratio
Southern Bank lent most frequently to those with DTI ratios of 20-30%, with 397 originations. The next most common DTI ratio? 30-36%, with 268 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.17%
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 origination90.12%
Southern Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,711 | $412,265,000 | $240,950 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
SOUTHERN TRUST MORTGAGE LLC | VA 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 | 100 W Main Matthews, MO 63867 | Full Service B&M | $4,672 |
Southern Bank | 100 Wallace Drive Alton, MO 65606 | Full Service B&M | $15,800 |
Southern Bank | 101 Trotter Street Essex, MO 63846 | Full Service B&M | $24,123 |
Southern Bank | 106 North Main Street Gideon, MO 63848 | Full Service B&M | $21,905 |
Southern Bank | 116 Chestnut Street Thayer, MO 65791 | Full Service B&M | $60,882 |
Southern Bank | 11892 State Hwy 13, Suite 3 Kimberling City, MO 65686 | Full Service B&M | $68,376 |
Southern Bank | 1205 S Main Sikeston, MO 63801 | Full Service B&M | $84,852 |
Southern Bank | 125 East Yoakum Street Chaffee, MO 63740 | Full Service B&M | $25,079 |
Southern Bank | 1292 Banning Street Marshfield, MO 65706 | Full Service B&M | $75,289 |
Southern Bank | 13371 Highway 53 Qulin, MO 63961 | Full Service B&M | $34,769 |
Southern Bank | 145 Russell Avenue Tamms, IL 62988 | Full Service B&M | $25,316 |
Southern Bank | 15775 Us Hwy 160 Forsyth, MO 65653 | Full Service B&M | $79,850 |
Southern Bank | 1583 South St. Louis Street Batesville, AR 72501 | Full Service B&M | $46,516 |
Southern Bank | 1727 West Kingshighway Paragould, AR 72451 | Full Service B&M | $52,124 |
Southern Bank | 1925 South Main Street Jonesboro, AR 72401 | Full Service B&M | $29,108 |
Southern Bank | 2001 North Westwood Boulevard Poplar Bluff, MO 63901 | Full Service B&M | $33,545 |
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 | $47,583 |
Southern Bank | 2203a W. Main Street Cabot, AR 72023 | Full Service B&M | $5,674 |
Southern Bank | 2208 East Race Avenue Searcy, AR 72143 | Full Service B&M | $39,805 |
Southern Bank | 2471 West Jackson Street Ozark, MO 65721 | Full Service B&M | $22,632 |
Southern Bank | 2775 East Nettleton Avenue Jonesboro, AR 72401 | Full Service B&M | $66,325 |
Southern Bank | 2800 Sycamore Street Cairo, IL 62914 | Full Service B&M | $33,454 |
Southern Bank | 2911 East Sunshine Street Springfield, MO 65804 | Full Service B&M | $24,481 |
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 | $12,305 |
Southern Bank | 2991 Oak Grove Road Poplar Bluff, MO 63901 | Full Service B&M | $236,290 |
Southern Bank | 3000 West Republic Road Springfield, MO 65807 | Full Service B&M | $30,508 |
Southern Bank | 301 First Street Kennett, MO 63857 | Full Service B&M | $165,438 |
Southern Bank | 302 Washington Doniphan, MO 63935 | Full Service B&M | $76,709 |
Southern Bank | 303 Market Street Dexter, MO 63841 | Full Service B&M | $44,156 |
Southern Bank | 305 West Mt. Vernon Street Nixa, MO 65714 | Full Service B&M | $101,755 |
Southern Bank | 306 South Elm Street Bald Knob, AR 72010 | Full Service B&M | $41,489 |
Southern Bank | 310 Ruth Street Advance, MO 63730 | Full Service B&M | $18,536 |
Southern Bank | 3168 William Street Cape Girardeau, MO 63701 | Full Service B&M | $107,558 |
Southern Bank | 317 South Main Rogersville, MO 65742 | Full Service B&M | $34,587 |
Southern Bank | 323 E. Walnut Thayer, MO 65791 | Limited, Drive-thru | $0 |
Southern Bank | 358 South Main Street Anna, IL 62906 | Full Service B&M | $32,783 |
Southern Bank | 380 North Kingshighway Cape Girardeau, MO 63701 | Full Service B&M | $22,189 |
Southern Bank | 4214 Highway Pp, Township Line Road Poplar Bluff, MO 63901 | Full Service B&M | $40,927 |
Southern Bank | 4308 S National Avenue, Suite 100 Springfield, MO 65810 | Full Service B&M | $71,084 |
Southern Bank | 502 Main Street Van Buren, MO 63965 | Full Service B&M | $23,547 |
Southern Bank | 505 Highway 25 South Bloomfield, MO 63825 | Full Service B&M | $16,677 |
Southern Bank | 52 West Missouri Street Benton, MO 63736 | Full Service B&M | $29,109 |
Southern Bank | 5227 North Highway 367 Bradford, AR 72020 | Full Service B&M | $24,827 |
Southern Bank | 531 Vine St Poplar Bluff, MO 63901 | Full Service B&M | $6,815 |
Southern Bank | 713 Us 60 Business Dexter, MO 63841 | Full Service B&M | $93,317 |
Southern Bank | 727 West Main Street Jackson, MO 63755 | Full Service B&M | $48,216 |
Southern Bank | 7410 Missouri 14 Clever, MO 65631 | Full Service B&M | $34,748 |
Southern Bank | 9005 Sawgrass Avenue Nixa, MO 65714 | Full Service B&M | $28,370 |
Southern Bank | 960 Preacher Roe Boulevard West Plains, MO 65775 | Full Service B&M | $67,899 |
For 2021, Southern Bank had 52 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $112,350 |
Net interest income | $99,051 |
Total noninterest income | $22,416 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $6,427 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $15,989 |
Pre-tax net operating income | $64,561 |
Securities gains (or losses, -) | $90 |
Income before extraordinary items | $50,996 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $50,996 |
Minority interest net income | $0 |
Net income | $50,996 |
Sale, conversion, retirement of capital stock, net | $566 |
Net operating income | $50,924 |
Southern Bank's gross interest income from loans was $112,350,000.
Southern Bank's net interest income from loans was $99,051,000.
Southern Bank's fee based income from loans was $6,427,000.
Southern Bank's net income from loans was $50,996,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $13,299 |
Provision for credit losses | $-3,329 |
Total noninterest expense | $60,235 |
Salaries and employee benefits | $32,803 |
Premises and equipment expense | $8,285 |
Additional noninterest expense | $19,147 |
Applicable income taxes | $13,655 |
Net charge-offs | $275 |
Cash dividends | $15,000 |
Southern Bank's interest expense for loans was $13,299,000.
Southern Bank's payroll and benefits expense were $32,803,000.
Southern Bank's property, plant and equipment expenses $8,285,000.
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 | $2,555,875 |
Deposits held in domestic offices | $2,555,875 |
Deposits by Individuals, partnerships, and corporations | $2,245,303 |
Deposits by U.S. Government | $7 |
Deposits by States and political subdivisions in the U.S. | $304,308 |
Deposits by Commercial banks and other depository institutions in U.S. | $6,257 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $539,291 |
Demand deposits | $452,452 |
Nontransaction accounts | $2,016,584 |
Money market deposit accounts (MMDAs) | $263,007 |
Other savings deposits (excluding MMDAs) | $1,199,195 |
Total time deposits | $554,382 |
Total time and savings deposits | $2,103,423 |
Noninterest-bearing deposits | $405,470 |
Interest-bearing deposits | $2,150,405 |
Retail deposits | $2,405,448 |
IRAs and Keogh plan accounts | $78,832 |
Brokered deposits | $20,072 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $2,905,965 |
Cash & Balances due from depository institutions | $185,482 |
Interest-bearing balances | $148,912 |
Total securities | $206,559 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $2,358,585 |
Loan and leases loss allowance | $32,529 |
Trading account assets | $0 |
Bank premises and fixed assets | $65,027 |
Other real estate owned | $1,776 |
Goodwill and other intangibles | $8,206 |
All other assets | $80,330 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $2,905,965 |
Total Liabilities | $2,606,881 |
Total deposits | $2,555,875 |
Interest-bearing deposits | $2,150,405 |
Deposits held in domestic offices | $2,555,875 |
% insured (estimated) | $82 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $36,512 |
Subordinated debt | $0 |
All other liabilities | $14,494 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $2,358,585 |
Loan and leases loss allowance | $32,529 |
Total loans and leases (domestic) | $2,391,114 |
All real estate loans | $1,976,303 |
Real estate loans in domestic offices | $1,976,303 |
Construction and development loans | $197,028 |
Residential 1-4 family construction | $33,061 |
Other construction, all land development and other land | $163,967 |
Loans secured by nonfarm nonresidential properties | $717,830 |
Nonfarm nonresidential secured by owner-occupied properties | $251,929 |
Commercial real estate & other non-farm, non-residential | $465,901 |
Multifamily residential real estate | $297,979 |
1-4 family residential loans | $567,448 |
Farmland loans | $196,018 |
Loans held in foreign offices | $0 |
Farm loans | $104,042 |
Commercial and industrial loans | $263,691 |
To non-U.S. addressees | $0 |
Loans to individuals | $39,885 |
Credit card loans | $0 |
Related Plans | $1,073 |
Consumer Auto Loans | $15,824 |
Other loans to individuals | $22,988 |
All other loans & leases | $7,193 |
Loans to foreign governments and official institutions | $0 |
Other loans | $494 |
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 | $6,387 |
Non 1-4 family restructured loans & leases | $2,535 |
Total loans and leases (foreign) | $0 |
Southern Bank had $2,358,585,000 of loans outstanding in 2021. $1,976,303,000 of loans were in real estate loans. $197,028,000 of loans were in development loans. $297,979,000 of loans were in multifamily mortgage loans. $567,448,000 of loans were in 1-4 family mortgage loans. $104,042,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,824,000 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 | 669 | $159,306 | $238,126 |
Nonfarm, nonresidential loans - <$100k | 186 | $8,007 | $43,048 |
Nonfarm, nonresidential loans - $100-250k | 171 | $20,920 | $122,339 |
Nonfarm, nonresidential loans - $250k-1MM | 312 | $130,379 | $417,881 |
Commercial & Industrial, US addressed loans - <$1MM | 1,411 | $92,404 | $65,488 |
Commercial & Industrial, US addressed loans - <$100k | 1,070 | $25,157 | $23,511 |
Commercial & Industrial, US addressed loans - $100-250k | 190 | $19,788 | $104,147 |
Commercial & Industrial, US addressed loans - $250k-1MM | 151 | $47,459 | $314,298 |
Farmland loans - <$1MM | 614 | $67,870 | $110,537 |
Farmland loans - <$100k | 285 | $11,531 | $40,460 |
Farmland loans - $100-250k | 229 | $29,843 | $130,319 |
Farmland loans - $250k-1MM | 100 | $26,496 | $264,960 |
Agriculture operations loans - <$1MM | 588 | $24,797 | $42,172 |
Agriculture operations loans - <$100k | 474 | $9,530 | $20,105 |
Agriculture operations loans - $100-250k | 77 | $7,717 | $100,221 |
Agriculture operations loans - $250k-1MM | 37 | $7,550 | $204,054 |