United Southern Bank Mortgage Rates, Fees & Info
Hopkinsville, KYLEI: 549300ZSNURWJMU0YY46
Tax ID: 61-0309650
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Mortgage Data
Bank Data
Review & Overview
United Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. United Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Central City, Crestview, Nashville, and Evansville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)United Southern Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
69Origination Dollar Volume (All Markets)
$8,145,000Employee count
64Top 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 |
|---|---|---|---|---|---|
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 44 | $4,720,000 | $107,273 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $1,440,000 | $90,000 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $8,145,000 | $118,043 | $0 | 0.00% |
For 2018, United Southern Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 39 | $3,345,000 | $85,769 | $0 | 0.00% |
| Refi | 27 | $4,625,000 | $171,296 | $0 | 0.00% |
| Home Improvement | 3 | $175,000 | $58,333 | $0 | 0.00% |
For 2018, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $8,145,000 | $118,043 | $0 | 0.00% |
For 2018, United Southern Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2018 saw United Southern Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,590,000 in origination value.
Applicant Income
United Southern Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $8,145,000 | $118,043 | $0 | 0.00% |
United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.86%
United Southern Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.81%
United Southern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $8,145,000 | $118,043 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| United Southern Bank | 100 North Drive Hopkinsville, KY 42240 | Limited, Mobile/Seasonal Office | $0 |
| United Southern Bank | 101 Clinic Drive Hopkinsville, KY 42241 | Full Service B&M | $16,397 |
| United Southern Bank | 111 North Madisonville St Crofton, KY 42217 | Full Service B&M | $11,181 |
| United Southern Bank | 112 South Main Street Trenton, KY 42286 | Full Service B&M | $24,657 |
| United Southern Bank | 1813 East Ninth Street Hopkinsville, KY 42240 | Full Service B&M | $62,077 |
| United Southern Bank | 205 West Nashville Street Pembroke, KY 42266 | Full Service B&M | $8,734 |
| United Southern Bank | 4405 Canton Street Hopkinsville, KY 42240 | Full Service B&M | $10,024 |
| United Southern Bank | 808 South Main Street Elkton, KY 42220 | Full Service B&M | $48,239 |
| United Southern Bank | Highway 181 Clifty, KY 42216 | Full Service B&M | $7,235 |
For 2018, United Southern Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,363 |
| Net interest income | $8,388 |
| Total noninterest income | $1,329 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $496 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $833 |
| Pre-tax net operating income | $3,065 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,483 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,483 |
| Minority interest net income | $0 |
| Net income | $2,483 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,483 |
United Southern Bank's gross interest income from loans was $9,363,000.
United Southern Bank's net interest income from loans was $8,388,000.
United Southern Bank's fee based income from loans was $496,000.
United Southern Bank's net income from loans was $2,483,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $975 |
| Provision for credit losses | $-635 |
| Total noninterest expense | $7,287 |
| Salaries and employee benefits | $3,761 |
| Premises and equipment expense | $1,198 |
| Additional noninterest expense | $2,328 |
| Applicable income taxes | $582 |
| Net charge-offs | $521 |
| Cash dividends | $3,309 |
United Southern Bank's interest expense for loans was $975,000.
United Southern Bank's payroll and benefits expense were $3,761,000.
United Southern Bank's property, plant and equipment expenses $1,198,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $188,531 |
| Deposits held in domestic offices | $188,531 |
| Deposits by Individuals, partnerships, and corporations | $178,660 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $9,125 |
| Deposits by Commercial banks and other depository institutions in U.S. | $747 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $102,857 |
| Demand deposits | $62,256 |
| Nontransaction accounts | $85,675 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $20,284 |
| Total time deposits | $65,390 |
| Total time and savings deposits | $126,276 |
| Noninterest-bearing deposits | $48,215 |
| Interest-bearing deposits | $140,316 |
| Retail deposits | $175,060 |
| IRAs and Keogh plan accounts | $7,836 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $223,491 |
| Cash & Balances due from depository institutions | $8,817 |
| Interest-bearing balances | $4,820 |
| Total securities | $37,575 |
| Federal funds sold & reverse repurchase | $2,910 |
| Net loans and leases | $160,953 |
| Loan and leases loss allowance | $2,685 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,148 |
| Other real estate owned | $969 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,119 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $223,491 |
| Total Liabilities | $200,266 |
| Total deposits | $188,531 |
| Interest-bearing deposits | $140,316 |
| Deposits held in domestic offices | $188,531 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,571 |
| Subordinated debt | $0 |
| All other liabilities | $164 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $160,953 |
| Loan and leases loss allowance | $2,685 |
| Total loans and leases (domestic) | $163,638 |
| All real estate loans | $137,173 |
| Real estate loans in domestic offices | $137,173 |
| Construction and development loans | $3,308 |
| Residential 1-4 family construction | $1,293 |
| Other construction, all land development and other land | $2,015 |
| Loans secured by nonfarm nonresidential properties | $32,861 |
| Nonfarm nonresidential secured by owner-occupied properties | $24,433 |
| Commercial real estate & other non-farm, non-residential | $8,428 |
| Multifamily residential real estate | $3,175 |
| 1-4 family residential loans | $50,891 |
| Farmland loans | $46,938 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,245 |
| Commercial and industrial loans | $13,974 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,484 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,890 |
| Other loans to individuals | $3,594 |
| All other loans & leases | $1,762 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,762 |
| 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 | $346 |
| Non 1-4 family restructured loans & leases | $141 |
| Total loans and leases (foreign) | $0 |
United Southern Bank had $160,953,000 of loans outstanding in 2018. $137,173,000 of loans were in real estate loans. $3,308,000 of loans were in development loans. $3,175,000 of loans were in multifamily mortgage loans. $50,891,000 of loans were in 1-4 family mortgage loans. $5,245,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,890,000 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 | 126 | $21,314 | $169,159 |
| Nonfarm, nonresidential loans - <$100k | 49 | $2,139 | $43,653 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $5,247 | $141,811 |
| Nonfarm, nonresidential loans - $250k-1MM | 40 | $13,928 | $348,200 |
| Commercial & Industrial, US addressed loans - <$1MM | 278 | $11,988 | $43,122 |
| Commercial & Industrial, US addressed loans - <$100k | 228 | $4,194 | $18,395 |
| Commercial & Industrial, US addressed loans - $100-250k | 26 | $2,360 | $90,769 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $5,434 | $226,417 |
| Farmland loans - <$1MM | 184 | $15,471 | $84,082 |
| Farmland loans - <$100k | 84 | $3,426 | $40,786 |
| Farmland loans - $100-250k | 59 | $773 | $13,102 |
| Farmland loans - $250k-1MM | 41 | $11,272 | $274,927 |
| Agriculture operations loans - <$1MM | 142 | $4,344 | $30,592 |
| Agriculture operations loans - <$100k | 124 | $2,306 | $18,597 |
| Agriculture operations loans - $100-250k | 14 | $1,510 | $107,857 |
| Agriculture operations loans - $250k-1MM | 4 | $528 | $132,000 |