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Southern Bank
Bank|Poplar Bluff, MO|Multi-Region
Loans Originated
369
Applications
503
Volume
$77 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.354%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$554
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and USDA loans
Report Card
Southern Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 5 metro areas · 8 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$210,420
Average Borrower Income
$139,778
Average Property Value
$302,886
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 340 | 92.1% | +0.349% | $535 |
USDA Loans | Sound | Strong | N/A | Sound | 24 | 6.5% | +0.658% | $947 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Sound | Sound | 289 | 78.3% | +0.349% | $557 |
Refinance | Sound | Sound | Sound | Strong | 80 | 21.7% | +0.370% | $541 |
Geographic Coverage
Metro Areas
4
States Served
8
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ARCOFLILMIMOOKUT
Top Metro Areas by Place Specialization Score
1
Jonesboro, AR, ARMSA
Volume: 26Mix: 7.05%
Place Specialization
Strong
2
Springfield, MO, MOMSA
Volume: 50Mix: 13.55%
Place Specialization
Strong
3
Cape Girardeau, MO, MO-ILMSA
Volume: 18Mix: 4.88%
Place Specialization
Sound
4
St. Louis, MO, MO-ILMSA
Volume: 12Mix: 3.25%
Place Specialization
Sound
Top States by Place Specialization Score
1
MOState
Volume: 297Mix: 80.49%
Place Specialization
Strong
2
ARState
Volume: 56Mix: 15.18%
Place Specialization
Strong
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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