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, Madisonville, and Cookeville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Southern Bank has an above 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.

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    Originations

    84

    Origination Dollar Volume (All Markets)

    $11,650,000

    Employee count

    62

    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) 58 $8,650,000 $149,138 $0 0.00%
    Outside of Metro Areas 22 $2,240,000 $101,818 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Cookeville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    United Southern Bank's top markets include Clarksville, Crestview, Madisonville, and Cookeville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $11,650,000 $138,690 $0 0.00%

    For 2020, United Southern Bank's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $8,015,000 $145,727 $0 0.00%
    Refi 27 $3,555,000 $131,667 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2020, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 55 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 84 $11,650,000 $138,690 $0 0.00%

    For 2020, United Southern Bank's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,600,000 $65,000 $0 0.00%
    $100k-200k 30 $4,470,000 $149,000 $0 0.00%
    $200k-400k 10 $2,470,000 $247,000 $0 0.00%
    $400k-600k 3 $1,465,000 $488,333 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2020 saw United Southern Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,965,000 $85,435 $0 0.00%
    $75k-100k 12 $1,130,000 $94,167 $0 0.00%
    $100k-150k 11 $2,005,000 $182,273 $0 0.00%
    $50k-75k 7 $915,000 $130,714 $0 0.00%
    $150k-250k 4 $620,000 $155,000 $0 0.00%
    $250k+ 3 $1,195,000 $398,333 $0 0.00%

    United Southern Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $11,650,000 $138,690 $0 0.00%

    United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $6,560,000 $113,103 $0 0.00%
    Not applicable 22 $3,540,000 $160,909 $0 0.00%
    Asian 1 $555,000 $555,000 $0 0.00%
    Black 2 $540,000 $270,000 $0 0.00%
    Asian Indian 1 $455,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.07%

    United Southern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.57%

    United Southern Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $11,650,000 $138,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $645,000 $645,000
    Single Family (1-4 Units):Manufactured 6 $440,000 $73,333
    Single Family (1-4 Units):Site-Built 77 $10,565,000 $137,208

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 3 50.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Southern Bank 112 South Main Street Trenton, KY 42286 Full Service B&M $24,082
    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 $17,979
    United Southern Bank 111 North Madisonville St Crofton, KY 42217 Full Service B&M $13,949
    United Southern Bank 1813 East Ninth Street Hopkinsville, KY 42240 Full Service B&M $66,007
    United Southern Bank 205 West Nashville Street Pembroke, KY 42266 Full Service B&M $9,735
    United Southern Bank 4405 Canton Street Hopkinsville, KY 42240 Full Service B&M $12,141
    United Southern Bank 808 South Main Street Elkton, KY 42220 Full Service B&M $54,145
    United Southern Bank Highway 181 Clifty, KY 42216 Full Service B&M $7,411

    For 2020, United Southern Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,241
    Net interest income $8,150
    Total noninterest income $1,480
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $433
    Trading account gains and fees $0
    Additional Noninterest Income $1,047
    Pre-tax net operating income $2,667
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,145
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,145
    Minority interest net income $0
    Net income $2,145
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,145

    United Southern Bank's gross interest income from loans was $9,241,000.
    United Southern Bank's net interest income from loans was $8,150,000.
    United Southern Bank's fee based income from loans was $433,000.
    United Southern Bank's net income from loans was $2,145,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,091
    Provision for credit losses $45
    Total noninterest expense $6,918
    Salaries and employee benefits $3,769
    Premises and equipment expense $1,045
    Additional noninterest expense $2,104
    Applicable income taxes $522
    Net charge-offs $57
    Cash dividends $1,175

    United Southern Bank's interest expense for loans was $1,091,000.
    United Southern Bank's payroll and benefits expense were $3,769,000.
    United Southern Bank's property, plant and equipment expenses $1,045,000.

    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $219,675
    Deposits held in domestic offices $219,675
    Deposits by Individuals, partnerships, and corporations $208,912
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,763
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $132,430
    Demand deposits $132,430
    Nontransaction accounts $87,245
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $28,709
    Total time deposits $58,536
    Total time and savings deposits $87,245
    Noninterest-bearing deposits $67,312
    Interest-bearing deposits $152,363
    Retail deposits $210,673
    IRAs and Keogh plan accounts $7,782
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $254,367
    Cash & Balances due from depository institutions $25,561
    Interest-bearing balances $17,562
    Total securities $42,688
    Federal funds sold & reverse repurchase $20,296
    Net loans and leases $153,871
    Loan and leases loss allowance $2,215
    Trading account assets $0
    Bank premises and fixed assets $4,894
    Other real estate owned $246
    Goodwill and other intangibles $0
    All other assets $6,811

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $254,368
    Total Liabilities $225,194
    Total deposits $219,675
    Interest-bearing deposits $152,363
    Deposits held in domestic offices $219,675
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,977
    Subordinated debt $0
    All other liabilities $542

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $153,871
    Loan and leases loss allowance $2,215
    Total loans and leases (domestic) $156,086
    All real estate loans $129,290
    Real estate loans in domestic offices $129,290
    Construction and development loans $5,168
    Residential 1-4 family construction $2,797
    Other construction, all land development and other land $2,371
    Loans secured by nonfarm nonresidential properties $34,825
    Nonfarm nonresidential secured by owner-occupied properties $24,861
    Commercial real estate & other non-farm, non-residential $9,964
    Multifamily residential real estate $862
    1-4 family residential loans $52,845
    Farmland loans $35,590
    Loans held in foreign offices $0
    Farm loans $3,395
    Commercial and industrial loans $16,581
    To non-U.S. addressees $0
    Loans to individuals $5,720
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,895
    Other loans to individuals $3,825
    All other loans & leases $1,101
    Loans to foreign governments and official institutions $0
    Other loans $1,101
    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 $983
    Non 1-4 family restructured loans & leases $780
    Total loans and leases (foreign) $0

    United Southern Bank had $153,871,000 of loans outstanding in 2020. $129,290,000 of loans were in real estate loans. $5,168,000 of loans were in development loans. $862,000 of loans were in multifamily mortgage loans. $52,845,000 of loans were in 1-4 family mortgage loans. $3,395,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,895,000 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 140 $24,743 $176,736
    Nonfarm, nonresidential loans - <$100k 49 $2,098 $42,816
    Nonfarm, nonresidential loans - $100-250k 45 $5,692 $126,489
    Nonfarm, nonresidential loans - $250k-1MM 46 $16,953 $368,543
    Commercial & Industrial, US addressed loans - <$1MM 390 $14,919 $38,254
    Commercial & Industrial, US addressed loans - <$100k 338 $6,443 $19,062
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,026 $97,613
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,450 $259,524
    Farmland loans - <$1MM 172 $19,948 $115,977
    Farmland loans - <$100k 83 $3,005 $36,205
    Farmland loans - $100-250k 50 $6,143 $122,860
    Farmland loans - $250k-1MM 39 $10,800 $276,923
    Agriculture operations loans - <$1MM 126 $3,395 $26,944
    Agriculture operations loans - <$100k 106 $1,530 $14,434
    Agriculture operations loans - $100-250k 15 $1,178 $78,533
    Agriculture operations loans - $250k-1MM 5 $687 $137,400