Peoples State Bank Mortgage Rates, Fees & Info

Manhattan, KS

LEI: 2549006HZDO3SULWNR95

Tax ID: 48-0308430

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Mortgage Data

Review & Overview

Peoples State Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Manhattan, Durango, Cañon City, and Salina among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peoples State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

178

Origination Dollar Volume (All Markets)

$52,130,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 40 $15,280,000 $382,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 56 $13,240,000 $236,429 $0 0.00%
Outside of Metro Areas 57 $11,345,000 $199,035 $0 0.00%
Durango, CO (FHA|USDA|VA) 1 $5,435,000 $5,435,000 $0 0.00%
Cañon City, CO (FHA|USDA|VA) 2 $1,560,000 $780,000 $0 0.00%
Salina, KS (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 4 $840,000 $210,000 $0 0.00%
Ukiah, CA (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
Fort Morgan, CO (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Hutchinson, KS (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Emporia, KS (FHA|USDA|VA) 3 $155,000 $51,667 $0 0.00%
Hays, KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Winfield, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Peoples State Bank's top markets include Kansas City, Manhattan, Durango, Cañon City, and Salina among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $52,130,000 $292,865 $0 0.00%

    For 2022, Peoples State Bank's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $31,540,000 $335,532 $0 0.00%
    Refi 79 $20,055,000 $253,861 $0 0.00%
    Home Improvement 4 $510,000 $127,500 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2022, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 178 $52,130,000 $292,865 $0 0.00%

    For 2022, Peoples State Bank's most frequently cited loan duration was Other, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,285,000 $50,538 $0 0.00%
    $200k-400k 43 $12,335,000 $286,860 $0 0.00%
    $100k-200k 39 $5,565,000 $142,692 $0 0.00%
    $400k-600k 15 $6,925,000 $461,667 $0 0.00%
    $600k-1MM 10 $7,390,000 $739,000 $0 0.00%
    $1MM+ 6 $16,630,000 $2,771,667 $0 0.00%

    2022 saw Peoples State Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $5,635,000 $137,439 $0 0.00%
    $50k-75k 27 $4,415,000 $163,519 $0 0.00%
    $100k-150k 13 $2,655,000 $204,231 $0 0.00%
    $75k-100k 10 $2,800,000 $280,000 $0 0.00%
    $250k+ 9 $3,165,000 $351,667 $0 0.00%
    $150k-250k 7 $1,495,000 $213,571 $0 0.00%

    Peoples State Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 178 $52,130,000 $292,865 $0 0.00%

    Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 67 $31,555,000 $470,970 $0 0.00%
    White 105 $19,515,000 $185,857 $0 0.00%
    Asian 2 $750,000 $375,000 $0 0.00%
    Black 4 $310,000 $77,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Peoples State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.63%

    Peoples State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 178 $52,130,000 $292,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    178 $52,130,000 $292,865