Southern Bancorp Bank in Alabama vs the state
10.5%Denial rate-9.32 pts vs state
17.1%Decision denial rate-7.86 pts vs state
38.6%Origination rate-16.79 pts vs state
6.50%Median rate0.00 pts vs state
0.49Rate spread (pts)+0.20 pts vs state
$60kMedian applicant income
22Loans originated
6Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 20 | 1 | 25.0% | 8.50% | #379 |
| 2025 | 57 | 22 | 10.5% | 6.50% | #293 |
What Southern Bancorp Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Southern Bancorp Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 26 | 10 | 3 | 11.5% |
| Tuscaloosa County | 16 | 4 | 2 | 12.5% |
| Shelby County | 5 | 3 | 0 | 0.0% |
| Montgomery County | 2 | 1 | 0 | 0.0% |
| Mobile County | 2 | 1 | 0 | 0.0% |
| Limestone County | 1 | 1 | 0 | 0.0% |
| St. Clair County | 1 | 1 | 0 | 0.0% |
| Autauga County | 1 | 0 | 0 | 0.0% |
| Greene County | 1 | 0 | 0 | 0.0% |
| Elmore County | 1 | 1 | 0 | 0.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 57 applications in 2025, of which 22 were originated and 6 denied.
10.5% of all applications, or 17.1% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Southern Bancorp Bank originated in Alabama in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Southern Bancorp Bank's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology