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: 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.

    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

    1,711

    Origination Dollar Volume (All Markets)

    $412,265,000

    Employee count

    482 Show all (20) 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 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%
    Southern Bank's top markets include Springfield, Poplar Bluff, Houston, Cape Girardeau, and Jonesboro among others.

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

    The Farmers & Merchants Bank
    Similarity Rank: 140
    ARKANSAS Federal Credit Union
    Similarity Rank: 216
    COMMUNITY MORTGAGE CORPORATION
    Similarity Rank: 280
    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    ENCORE BANK
    Similarity Rank: 560
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    First Security Bank
    Similarity Rank: 651
    JERSEY STATE BANK
    Similarity Rank: 725

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 960 $220,080,000 $229,250 $1,995 3.88%
    Refi 547 $159,465,000 $291,527 $1,547 3.57%
    Cash Out Refi 130 $22,980,000 $176,769 $1,827 2.92%
    Other 42 $7,570,000 $180,238 $1,543 3.62%
    Home Improvement 32 $2,170,000 $67,813 $1,332 4.38%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 856 $154,670,000 $180,689 $1,912 3.61%
    15 Year 276 $36,700,000 $132,971 $1,567 3.09%
    Other 187 $72,195,000 $386,070 $1,340 4.31%
    10 Year 139 $111,675,000 $803,417 $1,274 4.13%
    20 Year 103 $17,085,000 $165,874 $1,755 3.57%
    5 Year 102 $13,740,000 $134,706 $1,562 4.33%
    1 Year 36 $5,090,000 $141,389 $0 4.53%
    3 Year 12 $1,110,000 $92,500 $0 4.65%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,259 $209,845,000 $166,676
    $2k-3k 3 $635,000 $211,667
    $1k-2k 2 $460,000 $230,000
    $3k-4k 2 $450,000 $225,000
    $5k+ 1 $545,000 $545,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 700 $99,990,000 $142,843 $1,833 3.54%
    $100,000 or less 567 $35,745,000 $63,042 $1,470 4.08%
    $200k-400k 323 $86,855,000 $268,901 $1,963 3.43%
    $1MM+ 49 $145,865,000 $2,976,837 $3,743 3.88%
    $400k-600k 42 $20,670,000 $492,143 $2,690 3.45%
    $600k-1MM 30 $23,140,000 $771,333 $3,590 3.82%

    2021 saw Southern Bank place emphasis on $100k-200k loans with 700 originations, totaling $99,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 363 $33,685,000 $92,796 $1,725 3.80%
    $50k-75k 361 $46,735,000 $129,460 $1,769 3.61%
    $75k-100k 261 $41,545,000 $159,176 $1,797 3.60%
    $100k-150k 258 $47,290,000 $183,295 $1,767 3.49%
    $150k-250k 133 $31,215,000 $234,699 $1,947 3.61%
    $250k+ 75 $27,205,000 $362,733 $2,239 3.52%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 397 $66,955,000 $168,652 $1,862 3.41%
    30-36% 268 $44,910,000 $167,575 $1,793 3.55%
    <20% 247 $36,195,000 $146,538 $1,657 3.43%
    38% 49 $8,385,000 $171,122 $1,927 3.53%
    40% 44 $7,260,000 $165,000 $2,028 3.56%
    36% 40 $6,430,000 $160,750 $1,589 3.70%
    39% 34 $5,040,000 $148,235 $1,902 3.54%
    41% 33 $5,655,000 $171,364 $2,014 3.72%
    37% 33 $6,075,000 $184,091 $1,777 3.56%
    42% 28 $4,220,000 $150,714 $1,824 3.51%
    43% 27 $4,475,000 $165,741 $1,720 3.67%
    44% 25 $4,075,000 $163,000 $1,665 3.58%
    46% 18 $3,090,000 $171,667 $1,875 3.19%
    45% 14 $2,620,000 $187,143 $2,160 3.67%
    47% 13 $2,505,000 $192,692 $1,910 3.40%
    50-60% 11 $1,655,000 $150,455 $1,616 4.04%
    48% 7 $915,000 $130,714 $1,648 3.79%
    49% 5 $635,000 $127,000 $1,665 3.60%
    >60% 5 $685,000 $137,000 $1,318 4.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,430 $225,570,000 $157,741 $1,793 3.63%
    Not applicable 239 $180,505,000 $755,251 $3,577 4.20%
    Asian 11 $2,285,000 $207,727 $2,497 3.57%
    Not provided 10 $2,030,000 $203,000 $2,248 3.48%
    Black 18 $1,680,000 $93,333 $2,152 4.03%
    American Indian 3 $195,000 $65,000 $1,211 4.08%

    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
    90.12%

    Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,711 $412,265,000 $240,950

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,711 $412,265,000 $240,950

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 114 $14,160,000 $124,211 $1,473 3.59%
    40-60% 283 $81,465,000 $287,862 $1,665 3.45%
    60-80% 690 $192,430,000 $278,884 $1,756 3.69%
    80-100% 596 $122,590,000 $205,688 $2,000 3.85%
    Over 100% 5 $585,000 $117,000 $2,307 3.93%
    Under 20% 23 $1,035,000 $45,000 $1,071 4.24%

    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