Peoples State Bank Mortgage Rates, Fees & Info

New Lexington, OH

LEI: 2549008L3Z5ZSC32UL43

Tax ID: 31-4278465

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Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Peoples State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Peoples State Bank has a high proportion of conventional loans. Their top two markets are Columbus and Zanesville .

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

    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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    Originations

    103

    Origination Dollar Volume (All Markets)

    $11,575,000

    Employee count

    43

    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
    COLUMBUS, OH (FHA|USDA|VA) 90 $10,100,000 $112,222 $0 0.00%
    Zanesville, OH (FHA|USDA|VA) 9 $1,255,000 $139,444 $0 0.00%
    Outside of Metro Areas 4 $220,000 $55,000 $0 0.00%
    Peoples State Bank's top markets include Columbus and Zanesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $11,575,000 $112,379 $0 0.00%

    For 2019, Peoples State Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $6,025,000 $109,545 $0 0.00%
    Cash Out Refi 37 $4,235,000 $114,459 $0 0.00%
    Other 5 $395,000 $79,000 $0 0.00%
    Refi 4 $840,000 $210,000 $0 0.00%
    Home Improvement 2 $80,000 $40,000 $0 0.00%

    For 2019, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $11,575,000 $112,379 $0 0.00%

    For 2019, Peoples State Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,565,000 $56,587 $0 0.00%
    $100k-200k 24 $3,390,000 $141,250 $0 0.00%
    $200k-400k 13 $3,215,000 $247,308 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%

    2019 saw Peoples State Bank place emphasis on $100,000 or less loans with 63 originations, totaling $3,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $2,145,000 $65,000 $0 0.00%
    $100k-150k 24 $4,120,000 $171,667 $0 0.00%
    $50k-75k 22 $2,330,000 $105,909 $0 0.00%
    $75k-100k 18 $2,060,000 $114,444 $0 0.00%
    $150k-250k 2 $230,000 $115,000 $0 0.00%

    Peoples State Bank lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $11,575,000 $112,379 $0 0.00%

    Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $11,005,000 $108,960 $0 0.00%
    Not applicable 2 $570,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.68%

    Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.29%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $11,575,000 $112,379

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $505,000 $505,000
    Single Family (1-4 Units):Manufactured 16 $1,190,000 $74,375
    Single Family (1-4 Units):Site-Built 86 $9,880,000 $114,884

    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 State Bank 106 East Main Street Junction City, OH 43748 Full Service B&M $7,148
    Peoples State Bank 110 North Main Street New Lexington, OH 43764 Full Service B&M $81,697
    Peoples State Bank 14806 Zion Road Thornville, OH 43076 Full Service B&M $14,526
    Peoples State Bank 375 Lincoln Park Drive New Lexington, OH 43764 Full Service B&M $1,445
    Peoples State Bank 55 N Main Street Roseville, OH 43777 Full Service B&M $11,314

    For 2019, Peoples State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,107
    Net interest income $5,563
    Total noninterest income $649
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $155
    Trading account gains and fees $0
    Additional Noninterest Income $494
    Pre-tax net operating income $1,364
    Securities gains (or losses, -) $-2
    Income before extraordinary items $1,131
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,131
    Minority interest net income $0
    Net income $1,131
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,132

    Peoples State Bank's gross interest income from loans was $6,107,000.
    Peoples State Bank's net interest income from loans was $5,563,000.
    Peoples State Bank's fee based income from loans was $155,000.
    Peoples State Bank's net income from loans was $1,131,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $544
    Provision for credit losses $125
    Total noninterest expense $4,723
    Salaries and employee benefits $2,493
    Premises and equipment expense $432
    Additional noninterest expense $1,798
    Applicable income taxes $231
    Net charge-offs $34
    Cash dividends $354

    Peoples State Bank's interest expense for loans was $544,000.
    Peoples State Bank's payroll and benefits expense were $2,493,000.
    Peoples State Bank's property, plant and equipment expenses $432,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.5%
    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 $121,497
    Deposits held in domestic offices $121,497
    Deposits by Individuals, partnerships, and corporations $98,059
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,438
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,693
    Demand deposits $30,592
    Nontransaction accounts $73,804
    Money market deposit accounts (MMDAs) $5,676
    Other savings deposits (excluding MMDAs) $37,876
    Total time deposits $30,252
    Total time and savings deposits $90,905
    Noninterest-bearing deposits $30,592
    Interest-bearing deposits $90,905
    Retail deposits $114,513
    IRAs and Keogh plan accounts $7,484
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $135,935
    Cash & Balances due from depository institutions $8,055
    Interest-bearing balances $3,840
    Total securities $12,503
    Federal funds sold & reverse repurchase $2,040
    Net loans and leases $107,512
    Loan and leases loss allowance $956
    Trading account assets $0
    Bank premises and fixed assets $1,804
    Other real estate owned $0
    Goodwill and other intangibles $879
    All other assets $3,142

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $135,935
    Total Liabilities $122,342
    Total deposits $121,497
    Interest-bearing deposits $90,905
    Deposits held in domestic offices $121,497
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $845

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $107,512
    Loan and leases loss allowance $956
    Total loans and leases (domestic) $108,468
    All real estate loans $87,353
    Real estate loans in domestic offices $87,353
    Construction and development loans $4,504
    Residential 1-4 family construction $2,991
    Other construction, all land development and other land $1,513
    Loans secured by nonfarm nonresidential properties $19,656
    Nonfarm nonresidential secured by owner-occupied properties $16,163
    Commercial real estate & other non-farm, non-residential $3,493
    Multifamily residential real estate $3,131
    1-4 family residential loans $58,902
    Farmland loans $1,160
    Loans held in foreign offices $0
    Farm loans $395
    Commercial and industrial loans $5,395
    To non-U.S. addressees $0
    Loans to individuals $13,313
    Credit card loans $593
    Related Plans $23
    Consumer Auto Loans $11,386
    Other loans to individuals $1,311
    All other loans & leases $2,086
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $710
    Non 1-4 family restructured loans & leases $710
    Total loans and leases (foreign) $0

    Peoples State Bank had $107,512,000 of loans outstanding in 2019. $87,353,000 of loans were in real estate loans. $4,504,000 of loans were in development loans. $3,131,000 of loans were in multifamily mortgage loans. $58,902,000 of loans were in 1-4 family mortgage loans. $395,000 of loans were in farm loans. $593,000 of loans were in credit card loans. $11,386,000 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 92 $19,656 $213,652
    Nonfarm, nonresidential loans - <$100k 19 $1,020 $53,684
    Nonfarm, nonresidential loans - $100-250k 35 $4,133 $118,086
    Nonfarm, nonresidential loans - $250k-1MM 38 $14,503 $381,658
    Commercial & Industrial, US addressed loans - <$1MM 112 $5,395 $48,170
    Commercial & Industrial, US addressed loans - <$100k 90 $2,324 $25,822
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,789 $94,158
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,282 $427,333
    Farmland loans - <$1MM 11 $1,160 $105,455
    Farmland loans - <$100k 3 $128 $42,667
    Farmland loans - $100-250k 8 $1,032 $129,000
    Agriculture operations loans - <$1MM 8 $395 $49,375
    Agriculture operations loans - <$100k 6 $272 $45,333
    Agriculture operations loans - $100-250k 2 $123 $61,500