PlainLender

SOUTHERN BANCORP BANK

ARKADELPHIA, AR

SOUTHERN BANCORP BANK processed 1,001 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 694 loans with a 9.4% denial rate. Home Purchase was the primary loan purpose. Based in ARKADELPHIA, AR. The approval rate of 69.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. SOUTHERN BANCORP BANK processed 1,001 HMDA-reported mortgage applications in 2024, originating 694 loans and denying 94 for a denial rate of 9.4% (applicants themselves withdrew 125 files before a decision). The average loan amount was $164,141 at a 8.271% average note rate, and applicants self-reported an average income of $31,000. The lender reports under LEI 549300JQEF6V2RNWCC75 from ARKADELPHIA, AR.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SOUTHERN BANCORP BANK's 69.3% origination rate tells you how often an application turned into funded money; the 9.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (950 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,001
Applications
694
Originated
9.4%
Denial Rate
$164,141
Avg Loan Amount
Avg Interest Rate: 8.271% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 950 694 81 $160,589
FHA 34 0 9 $221,765
VA 10 0 2 $283,000
USDA 7 0 2 $196,429

Top loan types — SOUTHERN BANCORP BANK

Top loan types — SOUTHERN BANCORP BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — SOUTHERN BANCORP BANK Top 4 1. Conventional 950 2. FHA 34 3. VA 10 4. USDA 7 Top 5 loan types by application volume at SOUTHERN BANCORP BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for SOUTHERN BANCORP BANK (LEI: 549300JQEF6V2RNWCC75) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
58
Debt-to-income ratio
36
Other
17
Collateral
5
Insufficient cash
4
Credit application incomplete
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 463 297 $182,257
Refinancing 382 308 $145,209
Home Improvement 95 65 $68,053
Other 47 24 $55,638
Cash-out Refinancing 13 0 $141,154

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 553 72.3% 7.8%
Black or African American 215 45.1% 20.5%
Asian 12 41.7% 8.3%
Joint 11 63.6% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 724 64.5% 11.3%
Hispanic or Latino 61 60.7% 13.1%
Joint 7 57.1% 0.0%

Nearby Lenders in AR

Other HMDA-reporting lenders in AR with similar activity. Compare any two side-by-side.

BANK OF ENGLAND

ENGLAND, AR

5,645 apps 3,672 originated 5.4% denied

SIMMONS BANK

PINE BLUFF, AR

5,087 apps 3,161 originated 24.0% denied

Centennial Bank

Conway, AR

4,878 apps 2,631 originated 17.7% denied

BANK OZK

LITTLE ROCK, AR

4,543 apps 1,840 originated 34.5% denied

ARKANSAS FEDERAL CREDIT UNION

LITTLE ROCK, AR

4,140 apps 2,432 originated 22.0% denied
Compare SOUTHERN BANCORP BANK vs BANK OF ENGLAND →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did SOUTHERN BANCORP BANK process?
SOUTHERN BANCORP BANK processed 1,001 mortgage applications in the 2023 HMDA reporting year. Of these, 694 were originated (approved and funded), 125 were withdrawn by the applicant, and 94 were denied.
What is SOUTHERN BANCORP BANK's mortgage approval rate?
SOUTHERN BANCORP BANK has an approval (origination) rate of 69.3%, meaning 69.3% of all applications resulted in a funded mortgage. The denial rate is 9.4%.
What is the average loan amount at SOUTHERN BANCORP BANK?
The average mortgage loan amount at SOUTHERN BANCORP BANK is $164,141. The average interest rate is 8.271%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at SOUTHERN BANCORP BANK?
The most common reasons for mortgage denial at SOUTHERN BANCORP BANK are: Credit history, Debt-to-income ratio, Other. In total, 94 applications were denied out of 1,001 total applications.
What types of mortgage loans does SOUTHERN BANCORP BANK offer?
SOUTHERN BANCORP BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 950 applications and an average loan amount of $160,589.
What loan purposes does SOUTHERN BANCORP BANK serve?
SOUTHERN BANCORP BANK serves the following loan purposes: Home Purchase (463 applications), Refinancing (382 applications), Home Improvement (95 applications), Other (47 applications), Cash-out Refinancing (13 applications). Home Purchase is the most common purpose.
Where is SOUTHERN BANCORP BANK located?
SOUTHERN BANCORP BANK is headquartered in ARKADELPHIA, AR. The lender is identified by LEI 549300JQEF6V2RNWCC75 in HMDA data.
How does SOUTHERN BANCORP BANK compare in lending across racial demographics?
SOUTHERN BANCORP BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.3% and denial rate of 7.8%; Black or African American applicants have an approval rate of 45.1% and denial rate of 20.5%; Asian applicants have an approval rate of 41.7% and denial rate of 8.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.