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SOUTH CENTRAL BANK, INC.
Bank|GLASGOW, KY|Multi-Region
Loans Originated
472
Applications
681
Volume
$116 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.194%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,186
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Report Card
SOUTH CENTRAL BANK, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 6 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$246,907
Average Borrower Income
$119,326
Average Property Value
$334,407
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 307 | 65.0% | +0.239% | $1,162 |
FHA Loans | Strong | Strong | Strong | Strong | 100 | 21.2% | +0.280% | $1,613 |
VA Loans | Strong | Strong | Strong | Strong | 43 | 9.1% | -0.355% | $682 |
USDA Loans | Strong | Strong | N/A | Strong | 20 | 4.2% | +0.203% | $997 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 356 | 75.4% | +0.151% | $1,187 |
Refinance | Sound | Strong | Acceptable | Strong | 116 | 24.6% | +0.305% | $1,183 |
Geographic Coverage
Metro Areas
5
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
FLGAINKYNCORTN
Top Metro Areas by Place Specialization Score
1
Elizabethtown, KY, KYMSA
Volume: 121Mix: 25.64%
Place Specialization
Exceptional
2
Bowling Green, KY, KYMSA
Volume: 86Mix: 18.22%
Place Specialization
Exceptional
3
Louisville/Jefferson County, KY, KY-INMSA
Volume: 59Mix: 12.50%
Place Specialization
Strong
4
Lexington, KYMSA
Volume: 21Mix: 4.45%
Place Specialization
Sound
5
Owensboro, KY, KYMSA
Volume: 17Mix: 3.60%
Place Specialization
Sound
Top States by Place Specialization Score
1
KYState
Volume: 455Mix: 96.40%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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