PlainLender

Southern Bank

Poplar Bluff, MO

Southern Bank processed 1,735 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,455 loans with a 5.7% denial rate. Home Purchase was the primary loan purpose. Based in Poplar Bluff, MO. The approval rate of 83.9% 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 Bank processed 1,735 HMDA-reported mortgage applications in 2024, originating 1,455 loans and denying 99 for a denial rate of 5.7% (applicants themselves withdrew 162 files before a decision). The average loan amount was $178,435 at a 7.997% average note rate, and applicants self-reported an average income of $32,000. The lender reports under LEI 549300YKBMBBIIMQJS94 from Poplar Bluff, MO.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Bank's 83.9% origination rate tells you how often an application turned into funded money; the 5.7% 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 (1,699 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.

1,735
Applications
1,455
Originated
5.7%
Denial Rate
$178,435
Avg Loan Amount
Avg Interest Rate: 7.997% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,699 1,431 97 $179,373
USDA 36 24 2 $134,167

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Southern Bank (LEI: 549300YKBMBBIIMQJS94) · 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
64
Debt-to-income ratio
41
Other
10
Collateral
7
Employment history
4
Insufficient cash
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 842 710 $236,045
Home Improvement 319 263 $77,665
Refinancing 262 235 $213,473
Other 234 188 $81,410
Cash-out Refinancing 78 59 $142,051

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,318 81.9% 6.5%
Asian 22 77.3% 13.6%
Black or African American 15 66.7% 13.3%
Joint 14 78.6% 7.1%
American Indian or Alaska Native 5 80.0% 0.0%
2 or more minority races 2 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 2 50.0% 50.0%

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 1,340 82.1% 6.3%
Hispanic or Latino 25 80.0% 8.0%
Joint 13 76.9% 15.4%

Nearby Lenders in MO

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

Mortgage Research Center

Columbia, MO

147,700 apps 73,759 originated 15.9% denied

NBKC BANK

KANSAS CITY, MO

18,437 apps 7,830 originated 6.9% denied

FLAT BRANCH MORTGAGE, INC.

COLUMBIA, MO

17,606 apps 13,902 originated 1.5% denied

DAS ACQUISITION COMPANY, LLC

SAINT LOUIS, MO

12,120 apps 7,831 originated 2.1% denied

THE CENTRAL TRUST BANK

JEFFERSON CITY, MO

11,306 apps 7,513 originated 8.9% denied
Compare Southern Bank vs Mortgage Research Center →

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 Bank process?
Southern Bank processed 1,735 mortgage applications in the 2023 HMDA reporting year. Of these, 1,455 were originated (approved and funded), 162 were withdrawn by the applicant, and 99 were denied.
What is Southern Bank's mortgage approval rate?
Southern Bank has an approval (origination) rate of 83.9%, meaning 83.9% of all applications resulted in a funded mortgage. The denial rate is 5.7%.
What is the average loan amount at Southern Bank?
The average mortgage loan amount at Southern Bank is $178,435. The average interest rate is 7.997%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at Southern Bank?
The most common reasons for mortgage denial at Southern Bank are: Credit history, Debt-to-income ratio, Other. In total, 99 applications were denied out of 1,735 total applications.
What types of mortgage loans does Southern Bank offer?
Southern Bank processes Conventional, USDA loans. The most common type is Conventional with 1,699 applications and an average loan amount of $179,373.
What loan purposes does Southern Bank serve?
Southern Bank serves the following loan purposes: Home Purchase (842 applications), Home Improvement (319 applications), Refinancing (262 applications), Other (234 applications), Cash-out Refinancing (78 applications). Home Purchase is the most common purpose.
Where is Southern Bank located?
Southern Bank is headquartered in Poplar Bluff, MO. The lender is identified by LEI 549300YKBMBBIIMQJS94 in HMDA data.
How does Southern Bank compare in lending across racial demographics?
Southern Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 81.9% and denial rate of 6.5%; Asian applicants have an approval rate of 77.3% and denial rate of 13.6%; Black or African American applicants have an approval rate of 66.7% and denial rate of 13.3%. 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.