Peoples State Bank Mortgage Rates, Fees & Info

New Lexington, OH

LEI: 2549008L3Z5ZSC32UL43

Tax ID: 31-4278465

Latest/2023 | 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
  • 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 above average approval rate when compared to the average across all lenders. They have an above 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

    133

    Origination Dollar Volume (All Markets)

    $20,715,000

    Employee count

    46

    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) 121 $19,175,000 $158,471 $0 0.00%
    Zanesville, OH (FHA|USDA|VA) 10 $1,330,000 $133,000 $0 0.00%
    Outside of Metro Areas 2 $210,000 $105,000 $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 133 $20,715,000 $155,752 $0 0.00%

    For 2021, Peoples State Bank's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $9,700,000 $167,241 $0 0.00%
    Cash Out Refi 56 $8,940,000 $159,643 $0 0.00%
    Refi 8 $940,000 $117,500 $0 0.00%
    Home Improvement 7 $785,000 $112,143 $0 0.00%
    Other 4 $350,000 $87,500 $0 0.00%

    For 2021, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $20,715,000 $155,752 $0 0.00%

    For 2021, Peoples State Bank's most frequently cited loan duration was Other, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $3,370,000 $64,808 $0 0.00%
    $100k-200k 42 $5,920,000 $140,952 $0 0.00%
    $200k-400k 34 $9,080,000 $267,059 $0 0.00%
    $400k-600k 4 $1,710,000 $427,500 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2021 saw Peoples State Bank place emphasis on $100,000 or less loans with 52 originations, totaling $3,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $3,855,000 $132,931 $0 0.00%
    $100k-150k 24 $5,050,000 $210,417 $0 0.00%
    $50k or less 24 $2,290,000 $95,417 $0 0.00%
    $75k-100k 23 $4,435,000 $192,826 $0 0.00%
    $150k-250k 11 $2,615,000 $237,727 $0 0.00%
    $250k+ 2 $250,000 $125,000 $0 0.00%

    Peoples State Bank lent most frequently to those with incomes in the $50k-75k range, with 29 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% 133 $20,715,000 $155,752 $0 0.00%

    Peoples State Bank lent most frequently to those with DTI ratios of Exempt%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $18,850,000 $159,746 $0 0.00%
    Not applicable 13 $1,605,000 $123,462 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.39%

    Peoples State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.24%

    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 133 $20,715,000 $155,752

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    133 $20,715,000 $155,752

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%

    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 $9,978
    Peoples State Bank 110 North Main Street New Lexington, OH 43764 Full Service B&M $119,569
    Peoples State Bank 14806 Zion Road Thornville, OH 43076 Full Service B&M $23,374
    Peoples State Bank 375 Lincoln Park Drive New Lexington, OH 43764 Full Service B&M $1,950
    Peoples State Bank 55 N Main Street Roseville, OH 43777 Full Service B&M $13,133

    For 2021, Peoples State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,827
    Net interest income $5,202
    Total noninterest income $840
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $134
    Trading account gains and fees $0
    Additional Noninterest Income $706
    Pre-tax net operating income $912
    Securities gains (or losses, -) $107
    Income before extraordinary items $860
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $860
    Minority interest net income $0
    Net income $860
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $770

    Peoples State Bank's gross interest income from loans was $5,827,000.
    Peoples State Bank's net interest income from loans was $5,202,000.
    Peoples State Bank's fee based income from loans was $134,000.
    Peoples State Bank's net income from loans was $860,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $625
    Provision for credit losses $67
    Total noninterest expense $5,063
    Salaries and employee benefits $2,670
    Premises and equipment expense $479
    Additional noninterest expense $1,914
    Applicable income taxes $159
    Net charge-offs $17
    Cash dividends $319

    Peoples State Bank's interest expense for loans was $625,000.
    Peoples State Bank's payroll and benefits expense were $2,670,000.
    Peoples State Bank's property, plant and equipment expenses $479,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 0.0%
    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 $176,495
    Deposits held in domestic offices $176,495
    Deposits by Individuals, partnerships, and corporations $133,770
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,725
    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 $80,499
    Demand deposits $43,674
    Nontransaction accounts $95,996
    Money market deposit accounts (MMDAs) $11,343
    Other savings deposits (excluding MMDAs) $51,102
    Total time deposits $33,551
    Total time and savings deposits $132,821
    Noninterest-bearing deposits $45,332
    Interest-bearing deposits $131,163
    Retail deposits $165,481
    IRAs and Keogh plan accounts $8,650
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $191,660
    Cash & Balances due from depository institutions $16,915
    Interest-bearing balances $7,462
    Total securities $54,970
    Federal funds sold & reverse repurchase $5,831
    Net loans and leases $107,135
    Loan and leases loss allowance $1,193
    Trading account assets $0
    Bank premises and fixed assets $1,599
    Other real estate owned $0
    Goodwill and other intangibles $879
    All other assets $4,331

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $191,660
    Total Liabilities $177,311
    Total deposits $176,495
    Interest-bearing deposits $131,163
    Deposits held in domestic offices $176,495
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $816

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $107,135
    Loan and leases loss allowance $1,193
    Total loans and leases (domestic) $108,328
    All real estate loans $90,309
    Real estate loans in domestic offices $90,309
    Construction and development loans $4,288
    Residential 1-4 family construction $2,026
    Other construction, all land development and other land $2,262
    Loans secured by nonfarm nonresidential properties $18,717
    Nonfarm nonresidential secured by owner-occupied properties $15,671
    Commercial real estate & other non-farm, non-residential $3,046
    Multifamily residential real estate $2,183
    1-4 family residential loans $62,329
    Farmland loans $2,792
    Loans held in foreign offices $0
    Farm loans $230
    Commercial and industrial loans $4,418
    To non-U.S. addressees $0
    Loans to individuals $11,353
    Credit card loans $582
    Related Plans $10
    Consumer Auto Loans $7,710
    Other loans to individuals $3,051
    All other loans & leases $2,050
    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 $627
    Non 1-4 family restructured loans & leases $627
    Total loans and leases (foreign) $0

    Peoples State Bank had $107,135,000 of loans outstanding in 2021. $90,309,000 of loans were in real estate loans. $4,288,000 of loans were in development loans. $2,183,000 of loans were in multifamily mortgage loans. $62,329,000 of loans were in 1-4 family mortgage loans. $230,000 of loans were in farm loans. $582,000 of loans were in credit card loans. $7,710,000 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 80 $13,321 $166,513
    Nonfarm, nonresidential loans - <$100k 22 $1,137 $51,682
    Nonfarm, nonresidential loans - $100-250k 29 $3,190 $110,000
    Nonfarm, nonresidential loans - $250k-1MM 29 $8,994 $310,138
    Commercial & Industrial, US addressed loans - <$1MM 98 $3,037 $30,990
    Commercial & Industrial, US addressed loans - <$100k 82 $1,746 $21,293
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,291 $80,688
    Farmland loans - <$1MM 8 $792 $99,000
    Farmland loans - <$100k 3 $133 $44,333
    Farmland loans - $100-250k 5 $659 $131,800
    Agriculture operations loans - <$1MM 8 $230 $28,750
    Agriculture operations loans - <$100k 6 $150 $25,000
    Agriculture operations loans - $100-250k 2 $80 $40,000