What are Southern Missouri Bancorp Inc's Business Segments?
Residential Mortgage Lending. The Bank actively originates loans for the acquisition
or refinance of one- to four-family residences. These loans are originated as
a result of customer and real estate agent referrals, existing and walk-in customers
and from responses to the Bank's marketing campaigns.
Commercial Real Estate Lending. The Bank actively originates loans secured
by commercial real estate including land (improved and unimproved), strip shopping
centers, retail establishments, nursing homes or other healthcare related facilities,
and other businesses generally located in the Bank's primary market area.
Construction Lending. The Bank originates real estate loans secured by property
or land that is under construction or development.
Consumer Lending. The Bank offers a variety of secured consumer loans, including
home equity, direct and indirect automobile loans, second mortgages, mobile
homes and loans secured by deposits. The Bank originates substantially all of
its consumer loans in its primary market area.
Commercial Business Lending. The Bank's commercial business lending activities
encompass loans with a variety of purposes and security, including loans to
finance accounts receivable, inventory, equipment and operating lines of credit.
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