Peoples Bank & Trust Co. Mortgage Rates, Fees & Info
Troy, MOLEI: 254900605M87QWWATV97
Tax ID: 43-0453380
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Review & Overview
Peoples Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank & Trust Co. has a high proportion of conventional loans. Peoples Bank & Trust Co. has a low ratio of conventional loans. Their top markets by origination volume include: St. Louis, Fort Madison, Kansas City, Cape Girardeau, and Kirksville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank & Trust Co. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Peoples Bank & Trust Co. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.24% | 11/21/24 |
| 30 Year Conventional Refi | 6.42% | 11/21/24 |
| 30 Year Cash-out Refi | 6.51% | 11/21/24 |
| 15 Year Conventional Purchase | 6.83% | 11/21/24 |
| 15 Year Conventional Refi | 6.12% | 11/21/24 |
| 15 Year Cash-out Refi | 6.12% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Peoples Bank & Trust Co. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
165Origination Dollar Volume (All Markets)
$27,015,000Employee count
120Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 121 | $21,315,000 | $176,157 | $675 | 4.25% |
| Outside of Metro Areas | 33 | $3,835,000 | $116,212 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against PEOPLES BANK & TRUST CO. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $26,760,000 | $163,171 | $0 | 0.00% |
| Conventional | 1 | $255,000 | $255,000 | $675 | 4.25% |
For 2019, Peoples Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2019, Peoples Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $26,760,000 | $163,171 | $0 | 0.00% |
| 30 Year | 1 | $255,000 | $255,000 | $675 | 4.25% |
For 2019, Peoples Bank & Trust Co.'s most frequently cited loan duration was Other, with 164 originations. The 2nd most popular length was 30 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $255,000 | $255,000 |
During 2019, Peoples Bank & Trust Co.'s average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2019 saw Peoples Bank & Trust Co. place emphasis on $100k-200k loans with 57 originations, totaling $8,455,000 in origination value.
Applicant Income
Peoples Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $26,760,000 | $163,171 | $0 | 0.00% |
| 38% | 1 | $255,000 | $255,000 | $675 | 4.25% |
Peoples Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 164 originations. The next most common DTI ratio? 38%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.27%
Peoples Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination82.42%
Peoples Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $26,760,000 | $163,171 |
| NA | 1 | $255,000 | $255,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $255,000 | $255,000 | $675 | 4.25% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 28.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 2 | 14.3% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 2 | 14.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Peoples Bank & Trust Co. | #9 Troy Square Troy, MO 63379 | Limited, Drive-thru | $11,504 |
| Peoples Bank & Trust Co. | 103 Pine Street Winfield, MO 63389 | Full Service B&M | $29,583 |
| Peoples Bank & Trust Co. | 105 South Main Street Elsberry, MO 63343 | Full Service B&M | $14,157 |
| Peoples Bank & Trust Co. | 106 N Business Hwy 61 Bowling Green, MO 63334 | Full Service B&M | $21,974 |
| Peoples Bank & Trust Co. | 1310 North Main Street O'fallon, MO 63366 | Full Service B&M | $49,245 |
| Peoples Bank & Trust Co. | 430 East Wood Street Troy, MO 63379 | Full Service B&M | $241,833 |
| Peoples Bank & Trust Co. | 65 S Hwy 47 Hawk Point, MO 63349 | Full Service B&M | $32,428 |
For 2019, Peoples Bank & Trust Co. had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $18,821 |
| Net interest income | $15,032 |
| Total noninterest income | $3,575 |
| Gross Fiduciary activities income | $19 |
| Service charges on deposit accounts | $1,215 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,341 |
| Pre-tax net operating income | $5,249 |
| Securities gains (or losses, -) | $814 |
| Income before extraordinary items | $6,063 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,063 |
| Minority interest net income | $0 |
| Net income | $6,063 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,249 |
Peoples Bank & Trust Co.'s gross interest income from loans was $18,821,000.
Peoples Bank & Trust Co.'s net interest income from loans was $15,032,000.
Peoples Bank & Trust Co.'s fee based income from loans was $1,215,000.
Peoples Bank & Trust Co.'s net income from loans was $6,063,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,789 |
| Provision for credit losses | $0 |
| Total noninterest expense | $13,358 |
| Salaries and employee benefits | $7,850 |
| Premises and equipment expense | $1,247 |
| Additional noninterest expense | $4,261 |
| Applicable income taxes | $0 |
| Net charge-offs | $-446 |
| Cash dividends | $4,400 |
Peoples Bank & Trust Co.'s interest expense for loans was $3,789,000.
Peoples Bank & Trust Co.'s payroll and benefits expense were $7,850,000.
Peoples Bank & Trust Co.'s property, plant and equipment expenses $1,247,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $434,340 |
| Deposits held in domestic offices | $434,340 |
| Deposits by Individuals, partnerships, and corporations | $359,883 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $72,943 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,512 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $199,772 |
| Demand deposits | $107,175 |
| Nontransaction accounts | $234,567 |
| Money market deposit accounts (MMDAs) | $97,753 |
| Other savings deposits (excluding MMDAs) | $61,130 |
| Total time deposits | $75,685 |
| Total time and savings deposits | $327,164 |
| Noninterest-bearing deposits | $91,877 |
| Interest-bearing deposits | $342,463 |
| Retail deposits | $425,100 |
| IRAs and Keogh plan accounts | $19,583 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $485,291 |
| Cash & Balances due from depository institutions | $23,014 |
| Interest-bearing balances | $11,379 |
| Total securities | $141,267 |
| Federal funds sold & reverse repurchase | $21,815 |
| Net loans and leases | $272,340 |
| Loan and leases loss allowance | $4,762 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,261 |
| Other real estate owned | $319 |
| Goodwill and other intangibles | $588 |
| All other assets | $17,687 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $485,291 |
| Total Liabilities | $437,341 |
| Total deposits | $434,340 |
| Interest-bearing deposits | $342,463 |
| Deposits held in domestic offices | $434,340 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $2,257 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $744 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $272,340 |
| Loan and leases loss allowance | $4,762 |
| Total loans and leases (domestic) | $277,102 |
| All real estate loans | $203,681 |
| Real estate loans in domestic offices | $203,681 |
| Construction and development loans | $24,852 |
| Residential 1-4 family construction | $10,297 |
| Other construction, all land development and other land | $14,555 |
| Loans secured by nonfarm nonresidential properties | $93,127 |
| Nonfarm nonresidential secured by owner-occupied properties | $77,443 |
| Commercial real estate & other non-farm, non-residential | $15,684 |
| Multifamily residential real estate | $7,493 |
| 1-4 family residential loans | $46,236 |
| Farmland loans | $31,973 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,877 |
| Commercial and industrial loans | $52,170 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,275 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $372 |
| Other loans to individuals | $1,903 |
| All other loans & leases | $13,099 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $154 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $339 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,133 |
| Non 1-4 family restructured loans & leases | $1,700 |
| Total loans and leases (foreign) | $0 |
PEOPLES BANK & TRUST CO. had $272,340,000 of loans outstanding in 2019. $203,681,000 of loans were in real estate loans. $24,852,000 of loans were in development loans. $7,493,000 of loans were in multifamily mortgage loans. $46,236,000 of loans were in 1-4 family mortgage loans. $5,877,000 of loans were in farm loans. $0 of loans were in credit card loans. $372,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 208 | $45,314 | $217,856 |
| Nonfarm, nonresidential loans - <$100k | 88 | $4,337 | $49,284 |
| Nonfarm, nonresidential loans - $100-250k | 52 | $8,350 | $160,577 |
| Nonfarm, nonresidential loans - $250k-1MM | 68 | $32,627 | $479,809 |
| Commercial & Industrial, US addressed loans - <$1MM | 211 | $14,595 | $69,171 |
| Commercial & Industrial, US addressed loans - <$100k | 172 | $4,561 | $26,517 |
| Commercial & Industrial, US addressed loans - $100-250k | 24 | $3,564 | $148,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $6,470 | $431,333 |
| Farmland loans - <$1MM | 95 | $13,056 | $137,432 |
| Farmland loans - <$100k | 52 | $2,390 | $45,962 |
| Farmland loans - $100-250k | 25 | $4,217 | $168,680 |
| Farmland loans - $250k-1MM | 18 | $6,449 | $358,278 |
| Agriculture operations loans - <$1MM | 151 | $5,877 | $38,921 |
| Agriculture operations loans - <$100k | 138 | $3,235 | $23,442 |
| Agriculture operations loans - $100-250k | 8 | $1,089 | $136,125 |
| Agriculture operations loans - $250k-1MM | 5 | $1,553 | $310,600 |