Peoples Bank & Trust Co. Mortgage Rates, Fees & Info

Troy, MO

LEI: 254900605M87QWWATV97

Tax ID: 43-0453380

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Their top markets by origination volume include: St. Louis, Fort Madison, Hannibal, Kirksville, and Cape Girardeau among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank & Trust Co. has an above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    191

    Origination Dollar Volume (All Markets)

    $34,305,000

    Awards

    PEOPLES BANK & TRUST CO. 30 Year Conventional Loans bronze PEOPLES BANK & TRUST CO. 30 Year Conventional Loans bronze
    Show all (2) awards

    Top 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) 141 $28,535,000 $202,376 $2,248 5.13%
    Outside of Metro Areas 37 $3,665,000 $99,054 $2,348 5.13%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 6 $1,140,000 $190,000 $3,025 4.48%
    Hannibal, MO (FHA|USDA|VA) 1 $285,000 $285,000 $876 3.75%
    Kirksville, MO (FHA|USDA|VA) 1 $245,000 $245,000 $4,536 6.00%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $2,489 4.75%
    Quincy, IL-MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,440 4.13%
    Branson, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.38%
    Mexico, MO (FHA|USDA|VA) 2 $30,000 $15,000 $532 6.13%
    Peoples Bank & Trust Co.'s top markets include St. Louis, Fort Madison, Hannibal, Kirksville, and Cape Girardeau among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)

    • 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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 191 $34,305,000 $179,607 $2,291 5.11%

    For 2022, Peoples Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $18,980,000 $206,304 $2,998 5.36%
    Refi 52 $9,960,000 $191,538 $1,450 4.99%
    Cash Out Refi 24 $4,080,000 $170,000 $2,976 3.89%
    Home Improvement 12 $640,000 $53,333 $816 5.29%
    Other 11 $645,000 $58,636 $898 6.03%

    For 2022, Peoples Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 80 $17,290,000 $216,125 $3,019 5.07%
    15 Year 48 $5,550,000 $115,625 $1,743 4.88%
    Other 20 $4,800,000 $240,000 $1,708 5.64%
    20 Year 19 $2,365,000 $124,474 $1,477 4.72%
    5 Year 11 $2,455,000 $223,182 $264 5.72%
    10 Year 7 $405,000 $57,857 $716 5.14%
    1 Year 4 $1,420,000 $355,000 $1,999 4.69%
    3 Year 2 $20,000 $10,000 $266 7.75%

    For 2022, Peoples Bank & Trust Co.'s most frequently cited loan duration was 30 Year, with 80 originations. The 2nd most popular length was 15 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $11,335,000 $139,938
    $1k-2k 27 $6,665,000 $246,852
    $2k-3k 11 $2,015,000 $183,182
    $3k-4k 7 $1,305,000 $186,429
    $5k+ 4 $1,270,000 $317,500
    $4k-5k 3 $1,275,000 $425,000

    Peoples Bank & Trust Co.'s average total fees were $3,019, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $10,665,000 $201,226
    5-6% 41 $7,035,000 $171,585
    3-4% 38 $6,900,000 $181,579
    6-7% 38 $5,970,000 $157,105
    7-8% 8 $1,710,000 $213,750
    2.5-3% 7 $1,435,000 $205,000
    Over 8% 3 $25,000 $8,333
    <2.5% 3 $565,000 $188,333

    During 2022, Peoples Bank & Trust Co.'s average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,720,000 $53,143 $1,106 5.49%
    $100k-200k 59 $8,745,000 $148,220 $2,709 4.89%
    $200k-400k 46 $12,480,000 $271,304 $3,042 4.75%
    $400k-600k 12 $5,740,000 $478,333 $3,085 5.23%
    $600k-1MM 3 $2,115,000 $705,000 $3,952 5.75%
    $1MM+ 1 $1,505,000 $1,505,000 $0 4.50%

    2022 saw Peoples Bank & Trust Co. place emphasis on $100,000 or less loans with 70 originations, totaling $3,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $8,260,000 $217,368 $2,553 4.88%
    $50k-75k 29 $4,105,000 $141,552 $2,732 4.74%
    $50k or less 25 $1,645,000 $65,800 $1,435 5.49%
    $75k-100k 23 $3,355,000 $145,870 $2,272 4.79%
    $150k-250k 17 $3,915,000 $230,294 $2,869 5.00%
    $250k+ 12 $3,190,000 $265,833 $1,969 5.64%

    Peoples Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $6,785,000 $157,791 $2,224 4.77%
    30-36% 33 $5,335,000 $161,667 $2,534 5.09%
    <20% 18 $1,960,000 $108,889 $1,523 4.96%
    41% 11 $2,415,000 $219,545 $2,199 5.30%
    36% 6 $1,110,000 $185,000 $2,799 4.83%
    38% 6 $1,290,000 $215,000 $3,617 4.71%
    39% 5 $795,000 $159,000 $1,999 4.85%
    37% 4 $610,000 $152,500 $1,356 5.59%
    42% 4 $730,000 $182,500 $1,265 6.31%
    43% 4 $760,000 $190,000 $2,892 5.25%
    47% 2 $370,000 $185,000 $3,249 5.44%
    44% 2 $530,000 $265,000 $2,840 5.31%
    46% 2 $580,000 $290,000 $1,988 6.06%
    50-60% 2 $220,000 $110,000 $1,828 3.88%
    49% 2 $300,000 $150,000 $2,237 3.44%
    40% 2 $1,300,000 $650,000 $3,785 4.75%
    48% 1 $155,000 $155,000 $2,621 4.00%

    Peoples Bank & Trust Co. lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $23,315,000 $170,182 $2,314 5.06%
    Not applicable 41 $8,495,000 $207,195 $0 5.54%
    Not provided 11 $2,185,000 $198,636 $1,564 4.38%
    Native Hawaiian or Islander 1 $185,000 $185,000 $4,646 3.25%
    Black 1 $125,000 $125,000 $4,422 3.38%

    Approval Rates

    Total approvals of all applications
    93.24%

    Peoples Bank & Trust Co. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.49%

    Peoples Bank & Trust Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 191 $34,305,000 $179,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    191 $34,305,000 $179,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,475,000 $128,704 $1,368 5.38%
    40-60% 31 $6,135,000 $197,903 $2,105 4.61%
    60-80% 83 $17,955,000 $216,325 $2,806 5.25%
    80-100% 30 $5,820,000 $194,000 $3,503 5.13%
    Under 20% 20 $920,000 $46,000 $793 4.91%