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 Cash Out Refi and Home Purchase loans. Peoples State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Zanesville, and Marietta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    141

    Origination Dollar Volume (All Markets)

    $23,815,000

    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) 132 $22,300,000 $168,939 $0 0.00%
    Zanesville, OH (FHA|USDA|VA) 3 $685,000 $228,333 $0 0.00%
    Outside of Metro Areas 5 $495,000 $99,000 $0 0.00%
    Marietta, OH (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Peoples State Bank's top markets include Columbus, Zanesville, and Marietta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 141 $23,815,000 $168,901 $0 0.00%

    For 2020, Peoples State Bank's most frequently originated type of loan was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 69 $11,895,000 $172,391 $0 0.00%
    Home Purchase 38 $7,080,000 $186,316 $0 0.00%
    Refi 24 $3,360,000 $140,000 $0 0.00%
    Other 10 $1,480,000 $148,000 $0 0.00%

    For 2020, Peoples State Bank's most frequently cited loan purpose was Cash Out Refi, with 69 originations. The 2nd most popular reason was Home Purchase, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 141 $23,815,000 $168,901 $0 0.00%

    For 2020, Peoples State Bank's most frequently cited loan duration was Other, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $3,345,000 $65,588 $0 0.00%
    $100k-200k 43 $6,315,000 $146,860 $0 0.00%
    $200k-400k 42 $10,950,000 $260,714 $0 0.00%
    $400k-600k 3 $1,445,000 $481,667 $0 0.00%
    $600k-1MM 2 $1,760,000 $880,000 $0 0.00%

    2020 saw Peoples State Bank place emphasis on $100,000 or less loans with 51 originations, totaling $3,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $5,535,000 $135,000 $0 0.00%
    $75k-100k 31 $5,715,000 $184,355 $0 0.00%
    $50k or less 24 $1,980,000 $82,500 $0 0.00%
    $100k-150k 21 $3,945,000 $187,857 $0 0.00%
    $150k-250k 11 $3,285,000 $298,636 $0 0.00%
    $250k+ 2 $780,000 $390,000 $0 0.00%

    Peoples State Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $75k-100k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 141 $23,815,000 $168,901 $0 0.00%

    Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $22,150,000 $162,868 $0 0.00%
    Not applicable 4 $1,620,000 $405,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.53%

    Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.78%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 141 $23,815,000 $168,901

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $905,000 $905,000
    Single Family (1-4 Units):Manufactured 15 $1,415,000 $94,333
    Single Family (1-4 Units):Site-Built 125 $21,495,000 $171,960

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 4 22.2%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 6 33.3%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 5.6%

    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 $9,333
    Peoples State Bank 110 North Main Street New Lexington, OH 43764 Full Service B&M $105,732
    Peoples State Bank 14806 Zion Road Thornville, OH 43076 Full Service B&M $18,489
    Peoples State Bank 375 Lincoln Park Drive New Lexington, OH 43764 Full Service B&M $1,647
    Peoples State Bank 55 N Main Street Roseville, OH 43777 Full Service B&M $11,779

    For 2020, Peoples State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,999
    Net interest income $5,230
    Total noninterest income $729
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $137
    Trading account gains and fees $0
    Additional Noninterest Income $592
    Pre-tax net operating income $981
    Securities gains (or losses, -) $35
    Income before extraordinary items $853
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $853
    Minority interest net income $0
    Net income $853
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $823

    Peoples State Bank's gross interest income from loans was $5,999,000.
    Peoples State Bank's net interest income from loans was $5,230,000.
    Peoples State Bank's fee based income from loans was $137,000.
    Peoples State Bank's net income from loans was $853,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $769
    Provision for credit losses $193
    Total noninterest expense $4,785
    Salaries and employee benefits $2,652
    Premises and equipment expense $433
    Additional noninterest expense $1,700
    Applicable income taxes $163
    Net charge-offs $6
    Cash dividends $325

    Peoples State Bank's interest expense for loans was $769,000.
    Peoples State Bank's payroll and benefits expense were $2,652,000.
    Peoples State Bank's property, plant and equipment expenses $433,000.

    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 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 $153,708
    Deposits held in domestic offices $153,708
    Deposits by Individuals, partnerships, and corporations $122,187
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,521
    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 $66,701
    Demand deposits $43,532
    Nontransaction accounts $87,007
    Money market deposit accounts (MMDAs) $9,873
    Other savings deposits (excluding MMDAs) $43,293
    Total time deposits $33,842
    Total time and savings deposits $110,176
    Noninterest-bearing deposits $43,553
    Interest-bearing deposits $110,155
    Retail deposits $143,001
    IRAs and Keogh plan accounts $8,347
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $168,814
    Cash & Balances due from depository institutions $31,364
    Interest-bearing balances $22,846
    Total securities $12,029
    Federal funds sold & reverse repurchase $6,268
    Net loans and leases $112,365
    Loan and leases loss allowance $1,143
    Trading account assets $0
    Bank premises and fixed assets $1,682
    Other real estate owned $0
    Goodwill and other intangibles $879
    All other assets $4,227

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $168,814
    Total Liabilities $154,521
    Total deposits $153,708
    Interest-bearing deposits $110,155
    Deposits held in domestic offices $153,708
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $813

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $112,365
    Loan and leases loss allowance $1,143
    Total loans and leases (domestic) $113,508
    All real estate loans $87,243
    Real estate loans in domestic offices $87,243
    Construction and development loans $4,092
    Residential 1-4 family construction $2,664
    Other construction, all land development and other land $1,428
    Loans secured by nonfarm nonresidential properties $18,918
    Nonfarm nonresidential secured by owner-occupied properties $15,755
    Commercial real estate & other non-farm, non-residential $3,163
    Multifamily residential real estate $3,279
    1-4 family residential loans $59,987
    Farmland loans $967
    Loans held in foreign offices $0
    Farm loans $328
    Commercial and industrial loans $11,256
    To non-U.S. addressees $0
    Loans to individuals $12,578
    Credit card loans $555
    Related Plans $17
    Consumer Auto Loans $10,543
    Other loans to individuals $1,463
    All other loans & leases $2,268
    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 $671
    Non 1-4 family restructured loans & leases $671
    Total loans and leases (foreign) $0

    Peoples State Bank had $112,365,000 of loans outstanding in 2020. $87,243,000 of loans were in real estate loans. $4,092,000 of loans were in development loans. $3,279,000 of loans were in multifamily mortgage loans. $59,987,000 of loans were in 1-4 family mortgage loans. $328,000 of loans were in farm loans. $555,000 of loans were in credit card loans. $10,543,000 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 95 $18,918 $199,137
    Nonfarm, nonresidential loans - <$100k 21 $1,133 $53,952
    Nonfarm, nonresidential loans - $100-250k 38 $4,215 $110,921
    Nonfarm, nonresidential loans - $250k-1MM 36 $13,570 $376,944
    Commercial & Industrial, US addressed loans - <$1MM 194 $11,256 $58,021
    Commercial & Industrial, US addressed loans - <$100k 161 $4,367 $27,124
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,704 $112,667
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $4,185 $465,000
    Farmland loans - <$1MM 9 $967 $107,444
    Farmland loans - <$100k 3 $116 $38,667
    Farmland loans - $100-250k 6 $851 $141,833
    Agriculture operations loans - <$1MM 9 $328 $36,444
    Agriculture operations loans - <$100k 7 $235 $33,571
    Agriculture operations loans - $100-250k 2 $93 $46,500