United Southern Bank Mortgage Rates, Fees & Info

Hopkinsville, KY

LEI: 549300ZSNURWJMU0YY46

Tax ID: 61-0309650

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Louisville, Lexington, and Madisonville among others. We have data for 6 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 an above 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

    111

    Origination Dollar Volume (All Markets)

    $18,615,000

    Employee count

    64

    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) 79 $12,495,000 $158,165 $0 0.00%
    Outside of Metro Areas 26 $3,910,000 $150,385 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,315,000 $438,333 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    United Southern Bank's top markets include Clarksville, Crestview, Louisville, Lexington, and Madisonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $18,615,000 $167,703 $0 0.00%

    For 2021, United Southern Bank's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $11,160,000 $174,375 $0 0.00%
    Refi 38 $6,630,000 $174,474 $0 0.00%
    Home Improvement 5 $445,000 $89,000 $0 0.00%
    Other 4 $380,000 $95,000 $0 0.00%

    For 2021, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $18,615,000 $167,703 $0 0.00%

    For 2021, United Southern Bank's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,580,000 $56,087 $0 0.00%
    $100k-200k 38 $5,360,000 $141,053 $0 0.00%
    $200k-400k 18 $5,130,000 $285,000 $0 0.00%
    $400k-600k 4 $1,790,000 $447,500 $0 0.00%
    $600k-1MM 4 $2,750,000 $687,500 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2021 saw United Southern Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,490,000 $74,500 $0 0.00%
    $75k-100k 19 $1,845,000 $97,105 $0 0.00%
    $50k-75k 17 $2,365,000 $139,118 $0 0.00%
    $100k-150k 13 $1,845,000 $141,923 $0 0.00%
    $150k-250k 9 $2,105,000 $233,889 $0 0.00%
    $250k+ 5 $1,855,000 $371,000 $0 0.00%

    United Southern Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $18,615,000 $167,703 $0 0.00%

    United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $11,270,000 $137,439 $0 0.00%
    Not applicable 22 $6,080,000 $276,364 $0 0.00%
    Asian Indian 2 $600,000 $300,000 $0 0.00%
    Black 4 $510,000 $127,500 $0 0.00%
    Not provided 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.36%

    United 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
    91.89%

    United Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $18,615,000 $167,703

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $18,615,000 $167,703

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%

    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 $20,878
    United Southern Bank 111 North Madisonville St Crofton, KY 42217 Full Service B&M $18,428
    United Southern Bank 112 South Main Street Trenton, KY 42286 Full Service B&M $30,746
    United Southern Bank 1813 East Ninth Street Hopkinsville, KY 42240 Full Service B&M $69,990
    United Southern Bank 205 West Nashville Street Pembroke, KY 42266 Full Service B&M $13,101
    United Southern Bank 4405 Canton Street Hopkinsville, KY 42240 Full Service B&M $14,488
    United Southern Bank 808 South Main Street Elkton, KY 42220 Full Service B&M $63,188
    United Southern Bank Highway 181 Clifty, KY 42216 Full Service B&M $8,069

    For 2021, United Southern Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,393
    Net interest income $8,805
    Total noninterest income $1,563
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $496
    Trading account gains and fees $0
    Additional Noninterest Income $1,067
    Pre-tax net operating income $3,373
    Securities gains (or losses, -) $-3
    Income before extraordinary items $2,652
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,652
    Minority interest net income $0
    Net income $2,652
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,654

    United Southern Bank's gross interest income from loans was $9,393,000.
    United Southern Bank's net interest income from loans was $8,805,000.
    United Southern Bank's fee based income from loans was $496,000.
    United Southern Bank's net income from loans was $2,652,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $588
    Provision for credit losses $30
    Total noninterest expense $6,965
    Salaries and employee benefits $3,887
    Premises and equipment expense $827
    Additional noninterest expense $2,251
    Applicable income taxes $718
    Net charge-offs $-33
    Cash dividends $507

    United Southern Bank's interest expense for loans was $588,000.
    United Southern Bank's payroll and benefits expense were $3,887,000.
    United Southern Bank's property, plant and equipment expenses $827,000.

    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 1.0%
    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 $246,544
    Deposits held in domestic offices $246,544
    Deposits by Individuals, partnerships, and corporations $232,851
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,531
    Deposits by Commercial banks and other depository institutions in U.S. $162
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,772
    Demand deposits $159,772
    Nontransaction accounts $86,772
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $37,030
    Total time deposits $49,743
    Total time and savings deposits $86,772
    Noninterest-bearing deposits $81,834
    Interest-bearing deposits $164,710
    Retail deposits $238,394
    IRAs and Keogh plan accounts $7,424
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $280,977
    Cash & Balances due from depository institutions $30,232
    Interest-bearing balances $20,828
    Total securities $53,727
    Federal funds sold & reverse repurchase $20,048
    Net loans and leases $165,480
    Loan and leases loss allowance $2,279
    Trading account assets $0
    Bank premises and fixed assets $4,687
    Other real estate owned $47
    Goodwill and other intangibles $0
    All other assets $6,756

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $280,977
    Total Liabilities $250,312
    Total deposits $246,544
    Interest-bearing deposits $164,710
    Deposits held in domestic offices $246,544
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,508
    Subordinated debt $0
    All other liabilities $260

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $165,480
    Loan and leases loss allowance $2,279
    Total loans and leases (domestic) $167,759
    All real estate loans $139,845
    Real estate loans in domestic offices $139,845
    Construction and development loans $6,740
    Residential 1-4 family construction $3,667
    Other construction, all land development and other land $3,073
    Loans secured by nonfarm nonresidential properties $38,032
    Nonfarm nonresidential secured by owner-occupied properties $23,353
    Commercial real estate & other non-farm, non-residential $14,679
    Multifamily residential real estate $2,751
    1-4 family residential loans $57,047
    Farmland loans $35,275
    Loans held in foreign offices $0
    Farm loans $4,064
    Commercial and industrial loans $14,560
    To non-U.S. addressees $0
    Loans to individuals $6,651
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,750
    Other loans to individuals $3,901
    All other loans & leases $2,639
    Loans to foreign governments and official institutions $0
    Other loans $2,639
    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 $282
    Non 1-4 family restructured loans & leases $108
    Total loans and leases (foreign) $0

    United Southern Bank had $165,480,000 of loans outstanding in 2021. $139,845,000 of loans were in real estate loans. $6,740,000 of loans were in development loans. $2,751,000 of loans were in multifamily mortgage loans. $57,047,000 of loans were in 1-4 family mortgage loans. $4,064,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,750,000 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 121 $22,710 $187,686
    Nonfarm, nonresidential loans - <$100k 42 $1,466 $34,905
    Nonfarm, nonresidential loans - $100-250k 36 $4,397 $122,139
    Nonfarm, nonresidential loans - $250k-1MM 43 $16,847 $391,791
    Commercial & Industrial, US addressed loans - <$1MM 316 $12,600 $39,873
    Commercial & Industrial, US addressed loans - <$100k 267 $4,679 $17,524
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,682 $95,786
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,239 $249,476
    Farmland loans - <$1MM 166 $18,801 $113,259
    Farmland loans - <$100k 75 $2,825 $37,667
    Farmland loans - $100-250k 55 $6,725 $122,273
    Farmland loans - $250k-1MM 36 $9,251 $256,972
    Agriculture operations loans - <$1MM 114 $4,064 $35,649
    Agriculture operations loans - <$100k 95 $1,689 $17,779
    Agriculture operations loans - $100-250k 14 $1,508 $107,714
    Agriculture operations loans - $250k-1MM 5 $867 $173,400