Southern Bank


Southern Bank is an FDIC insured institution headquartered at 2991 Oak Grove Rd, Poplar Bluff, MO 63901.
It was founded in 1887 and has approximately $3 billion in assets. Customers can open an account at one of its 46 branches.

Deposit Rates - January 29, 2023

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.40% $10,000 Compare
6 Mo CD
0.45% $100,000 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.25% $25,000 Compare

Loan Rates - January 29, 2023

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
15 Year Fixed Conforming
6.08% $2,119.79
20 Year Fixed Conforming
6.54% $1,869.38
30 Year Fixed Conforming
6.12% $1,518.22
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
15 Year Fixed Conforming
6.08% $2,119.79
20 Year Fixed Conforming
6.54% $1,869.38
30 Year Fixed Conforming
6.12% $1,518.22

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28332
Date Established 1887
Assets $ 3.19 billion
Loans $ 2.69 billion
Deposits $ 2.82 billion
Capital $ 306.55 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 91.58 million
Interest-bearing balances $ 47.40 million
Total securities $ 235.35 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.69 billion
Loan loss allowance $ 33.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.18 million
Goodwill and other intangibles $ 9.76 million
All other assets $ 92.68 million
     Total Assets $ 2.88 billion

LIABILITIES
Total deposits $ 2.82 billion
      Interest-bearing deposits $ 2.40 billion
      Deposits held in domestic offices $ 2.82 billion
      % insured (estimated) 83.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 37.96 million
Subordinated debt N.A.
All other liabilities $ 20.08 millionn
      Total Liabilities $ 2.88 billion
      Shareholders’ Equity $ 306.55 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 60.53 million
Total Interest Expense $ 6.63 million
Net interest income $ 53.90 million
Provision for loan and lease losses $ 1.79 million
Total non interest income $ 13.00 million
Total non interest expense $ 35.71 million
Pre-tax Net Operating Income $ 29.40 million

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Branches

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Southern Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    MISSOURI
    $50,000
    6 Month
    0.40%
    1.41x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 200 140
    2 50,200 201 141
    3 50,401 202 141
    4 50,602 202 142
    5 50,805 203 142
    6 51,008 204 143
    7 51,212 205 143
    8 51,417 206 144
    9 51,623 206 145
    10 51,829 207 145
    11 52,036 208 146
    12 52,245 209 146
    13 52,454 210 147
    14 52,663 211 147
    15 52,874 211 148
    16 53,085 212 149
    17 53,298 213 149
    18 53,511 214 150
    19 53,725 215 150
    20 53,940 216 151
    TOTAL $4,156 $2,909
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    4.15%
    9.63x (National Avg. - 0.43%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,075 1,453
    2 52,075 2,161 1,513
    3 54,236 2,251 1,576
    4 56,487 2,344 1,641
    5 58,831 2,441 1,709
    6 61,273 2,543 1,780
    7 63,815 2,648 1,854
    8 66,464 2,758 1,931
    9 69,222 2,873 2,011
    10 72,095 2,992 2,094
    11 75,087 3,116 2,181
    12 78,203 3,245 2,272
    13 81,448 3,380 2,366
    14 84,828 3,520 2,464
    15 88,349 3,666 2,567
    16 92,015 3,819 2,673
    17 95,834 3,977 2,784
    18 99,811 4,142 2,900
    19 103,953 4,314 3,020
    20 108,267 4,493 3,145
    TOTAL $62,760 $43,932
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.80x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Online Bank
    -
    $50,000
    60 Month
    4.40%
    5.45x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,200 1,540
    2 52,200 2,297 1,608
    3 54,497 2,398 1,679
    4 56,895 2,503 1,752
    5 59,398 2,614 1,829
    6 62,012 2,729 1,910
    7 64,740 2,849 1,994
    8 67,589 2,974 2,082
    9 70,563 3,105 2,173
    10 73,667 3,241 2,269
    11 76,909 3,384 2,369
    12 80,293 3,533 2,473
    13 83,825 3,688 2,582
    14 87,514 3,851 2,695
    15 91,364 4,020 2,814
    16 95,384 4,197 2,938
    17 99,581 4,382 3,067
    18 103,963 4,574 3,202
    19 108,537 4,776 3,343
    20 113,313 4,986 3,490
    TOTAL $68,299 $47,809