# Southern Bank

> **Canonical URL:** https://saferate.com/lenders/southern-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Southern Bank is a bank, headquartered in Poplar Bluff, MO, serving borrowers across 8 states, with 369 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 45% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300YKBMBBIIMQJS94
- **Headquarters:** Poplar Bluff, MO
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AR, CO, FL, IL, MI, MO, OK, UT
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 55/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.354%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $554
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 369
- **Dollar Volume:** $78 million
- **Applications Received:** 503
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $210,420
- **Average Borrower Income:** $139,778
- **Average Property Value:** $302,886

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 64/100 | 340 | +0.349% | $535 | Strong 😀 |
| USDA | 75/100 | 24 | +0.658% | $947 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 261 loans, Score: 60/100 (Strong)
- Refinance: 79 loans, Score: 54/100 (Sound)

**USDA:**
- Purchase: 24 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 289 | $63M | +0.349% | Sound ☺️ |
| Refinance | 51/100 | 80 | $14M | +0.370% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MO | 297 | 0.40% | 77/100 |
| AR | 56 | 0.17% | 61/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 245 | 70/100 |
| Springfield, MO | MO | 50 | 68/100 |
| Jonesboro, AR | AR | 26 | 70/100 |
| Cape Girardeau, MO | MO-IL | 18 | 56/100 |
| St. Louis, MO | MO-IL | 12 | 44/100 |

## Where This Lender Ranks

Southern Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Springfield, MO for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-mo/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#6** in Jonesboro, AR for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Springfield, MO for USDA Loans
  - [View Full Rankings](https://saferate.com/springfield-mo/best-mortgage-lenders/usda-loans)
- 🏆 **#8** in Cape Girardeau, MO for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cape-girardeau-mo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Jonesboro, AR Banks
  - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders/banks)
- 🏆 **#10** in Missouri for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/missouri/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#10** in Springfield, MO for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-mo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Jonesboro, AR for Conventional Loans
  - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders/conventional-loans)
- 🏆 **#14** in Cape Girardeau, MO for Conventional Loans
  - [View Full Rankings](https://saferate.com/cape-girardeau-mo/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in Springfield, MO Banks
  - [View Full Rankings](https://saferate.com/springfield-mo/best-mortgage-lenders/banks)
- 🏆 **#17** in Springfield, MO for Conventional Loans
  - [View Full Rankings](https://saferate.com/springfield-mo/best-mortgage-lenders/conventional-loans)
- 🏆 **#17** in Jonesboro, AR
  - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders)
- 🏆 **#18** in Missouri for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/missouri/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Southern Bank offer?

Southern Bank offers the following mortgage loan types: Conventional, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Southern Bank offer mortgages?

Southern Bank offers mortgages in 8 states: AR, CO, FL, IL, MI, MO, OK, UT.

### How competitive are Southern Bank's mortgage rates?

Southern Bank has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.354% above market average.

### What type of lender is Southern Bank?

Southern Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Poplar Bluff, MO.

### What is Southern Bank's loan approval success rate?

Southern Bank has a pull-through score of 55/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/southern-bank

### How to Cite

> "Southern Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/southern-bank

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