United Southern Bank Mortgage Rates, Fees & Info

Hopkinsville, KY

LEI: 549300ZSNURWJMU0YY46

Tax ID: 61-0309650

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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, Crestview, Central City, Nashville, and Louisville 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.

    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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    Originations

    95

    Origination Dollar Volume (All Markets)

    $11,535,000

    Employee count

    65

    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
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 71 $7,615,000 $107,254 $0 0.00%
    Outside of Metro Areas 16 $1,760,000 $110,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 0.00%
    Central City, KY (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    United Southern Bank's top markets include Clarksville, Crestview, Central City, Nashville, and Louisville among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 95 $11,535,000 $121,421 $0 0.00%

    For 2019, United Southern Bank's most frequently originated type of loan was Conventional, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $7,140,000 $137,308 $0 0.00%
    Refi 24 $2,990,000 $124,583 $0 0.00%
    Home Improvement 10 $790,000 $79,000 $0 0.00%
    Other 9 $615,000 $68,333 $0 0.00%

    For 2019, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 95 $11,535,000 $121,421 $0 0.00%

    For 2019, United Southern Bank's most frequently cited loan duration was Other, with 95 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,450,000 $57,500 $0 0.00%
    $100k-200k 17 $2,415,000 $142,059 $0 0.00%
    $200k-400k 15 $4,015,000 $267,667 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2019 saw United Southern Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $1,120,000 $50,909 $0 0.00%
    $50k-75k 18 $2,160,000 $120,000 $0 0.00%
    $100k-150k 13 $1,575,000 $121,154 $0 0.00%
    $75k-100k 8 $940,000 $117,500 $0 0.00%
    $150k-250k 5 $945,000 $189,000 $0 0.00%
    $250k+ 2 $600,000 $300,000 $0 0.00%

    United Southern Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 95 $11,535,000 $121,421 $0 0.00%

    United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $7,220,000 $109,394 $0 0.00%
    Not applicable 27 $4,195,000 $155,370 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.60%

    United Southern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.26%

    United Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 95 $11,535,000 $121,421

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $940,000 $235,000
    Single Family (1-4 Units):Manufactured 8 $480,000 $60,000
    Single Family (1-4 Units):Site-Built 83 $10,115,000 $121,867

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $15,430
    United Southern Bank 111 North Madisonville St Crofton, KY 42217 Full Service B&M $11,228
    United Southern Bank 112 South Main Street Trenton, KY 42286 Full Service B&M $24,688
    United Southern Bank 1813 East Ninth Street Hopkinsville, KY 42240 Full Service B&M $59,840
    United Southern Bank 205 West Nashville Street Pembroke, KY 42266 Full Service B&M $8,420
    United Southern Bank 4405 Canton Street Hopkinsville, KY 42240 Full Service B&M $11,684
    United Southern Bank 808 South Main Street Elkton, KY 42220 Full Service B&M $48,204
    United Southern Bank Highway 181 Clifty, KY 42216 Full Service B&M $6,779

    For 2019, United Southern Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,033
    Net interest income $8,675
    Total noninterest income $1,485
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $516
    Trading account gains and fees $0
    Additional Noninterest Income $969
    Pre-tax net operating income $3,718
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,653
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,653
    Minority interest net income $0
    Net income $3,653
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,653

    United Southern Bank's gross interest income from loans was $10,033,000.
    United Southern Bank's net interest income from loans was $8,675,000.
    United Southern Bank's fee based income from loans was $516,000.
    United Southern Bank's net income from loans was $3,653,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,358
    Provision for credit losses $-985
    Total noninterest expense $7,427
    Salaries and employee benefits $3,819
    Premises and equipment expense $1,143
    Additional noninterest expense $2,465
    Applicable income taxes $65
    Net charge-offs $-528
    Cash dividends $403

    United Southern Bank's interest expense for loans was $1,358,000.
    United Southern Bank's payroll and benefits expense were $3,819,000.
    United Southern Bank's property, plant and equipment expenses $1,143,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    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 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $184,681
    Deposits held in domestic offices $184,681
    Deposits by Individuals, partnerships, and corporations $173,850
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,333
    Deposits by Commercial banks and other depository institutions in U.S. $498
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $99,215
    Demand deposits $99,215
    Nontransaction accounts $85,466
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $22,187
    Total time deposits $63,279
    Total time and savings deposits $85,466
    Noninterest-bearing deposits $48,393
    Interest-bearing deposits $136,288
    Retail deposits $173,153
    IRAs and Keogh plan accounts $7,524
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $219,336
    Cash & Balances due from depository institutions $10,099
    Interest-bearing balances $4,384
    Total securities $34,225
    Federal funds sold & reverse repurchase $2,769
    Net loans and leases $159,458
    Loan and leases loss allowance $2,229
    Trading account assets $0
    Bank premises and fixed assets $5,047
    Other real estate owned $735
    Goodwill and other intangibles $0
    All other assets $7,003

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $219,336
    Total Liabilities $191,626
    Total deposits $184,681
    Interest-bearing deposits $136,288
    Deposits held in domestic offices $184,681
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,527
    Subordinated debt $0
    All other liabilities $418

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $159,458
    Loan and leases loss allowance $2,229
    Total loans and leases (domestic) $161,687
    All real estate loans $137,496
    Real estate loans in domestic offices $137,496
    Construction and development loans $3,520
    Residential 1-4 family construction $1,659
    Other construction, all land development and other land $1,861
    Loans secured by nonfarm nonresidential properties $33,544
    Nonfarm nonresidential secured by owner-occupied properties $24,271
    Commercial real estate & other non-farm, non-residential $9,273
    Multifamily residential real estate $2,835
    1-4 family residential loans $52,961
    Farmland loans $44,636
    Loans held in foreign offices $0
    Farm loans $4,788
    Commercial and industrial loans $13,178
    To non-U.S. addressees $0
    Loans to individuals $5,613
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,865
    Other loans to individuals $3,748
    All other loans & leases $612
    Loans to foreign governments and official institutions $0
    Other loans $612
    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 $344
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    United Southern Bank had $159,458,000 of loans outstanding in 2019. $137,496,000 of loans were in real estate loans. $3,520,000 of loans were in development loans. $2,835,000 of loans were in multifamily mortgage loans. $52,961,000 of loans were in 1-4 family mortgage loans. $4,788,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,865,000 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 135 $22,383 $165,800
    Nonfarm, nonresidential loans - <$100k 47 $2,061 $43,851
    Nonfarm, nonresidential loans - $100-250k 43 $5,724 $133,116
    Nonfarm, nonresidential loans - $250k-1MM 45 $14,598 $324,400
    Commercial & Industrial, US addressed loans - <$1MM 293 $11,853 $40,454
    Commercial & Industrial, US addressed loans - <$100k 247 $4,514 $18,275
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,493 $99,720
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $4,846 $230,762
    Farmland loans - <$1MM 186 $22,767 $122,403
    Farmland loans - <$100k 84 $3,357 $39,964
    Farmland loans - $100-250k 60 $7,253 $120,883
    Farmland loans - $250k-1MM 42 $12,157 $289,452
    Agriculture operations loans - <$1MM 143 $4,788 $33,483
    Agriculture operations loans - <$100k 122 $1,938 $15,885
    Agriculture operations loans - $100-250k 16 $1,701 $106,313
    Agriculture operations loans - $250k-1MM 5 $1,149 $229,800