Peoples State Bank Of Plainview Mortgage Rates, Fees & Info

Plainview, MN

LEI: 2549009PBYH62M6NZK12

Tax ID: 41-0473820

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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 Of Plainview is a smaller bank specializing in Home Purchase and Refi loans. Peoples State Bank Of Plainview has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rochester, Menomonie, Minneapolis, Winona, and Red Wing among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples State Bank Of Plainview 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

    201

    Origination Dollar Volume (All Markets)

    $30,865,000

    Employee count

    45

    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
    ROCHESTER, MN (FHA|USDA|VA) 97 $15,675,000 $161,598 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 60 $8,450,000 $140,833 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 16 $2,560,000 $160,000 $0 0.00%
    Winona, MN (FHA|USDA|VA) 15 $2,375,000 $158,333 $0 0.00%
    Outside of Metro Areas 5 $645,000 $129,000 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 4 $600,000 $150,000 $0 0.00%
    Austin, MN (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Peoples State Bank Of Plainview's top markets include Rochester, Menomonie, Minneapolis, Winona, and Red Wing among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $29,630,000 $154,323 $0 0.00%
    USDA 9 $1,235,000 $137,222 $0 0.00%

    For 2019, Peoples State Bank Of Plainview's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $18,890,000 $174,907 $0 0.00%
    Refi 49 $7,315,000 $149,286 $0 0.00%
    Cash Out Refi 22 $3,970,000 $180,455 $0 0.00%
    Home Improvement 15 $415,000 $27,667 $0 0.00%
    Other 7 $275,000 $39,286 $0 0.00%

    For 2019, Peoples State Bank Of Plainview's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $30,865,000 $153,557 $0 0.00%

    For 2019, Peoples State Bank Of Plainview's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 106 $15,700,000 $148,113 $0 0.00%
    $100,000 or less 53 $2,515,000 $47,453 $0 0.00%
    $200k-400k 37 $9,865,000 $266,622 $0 0.00%
    $400k-600k 4 $2,000,000 $500,000 $0 0.00%
    $600k-1MM 1 $785,000 $785,000 $0 0.00%

    2019 saw Peoples State Bank Of Plainview place emphasis on $100k-200k loans with 106 originations, totaling $15,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 47 $7,415,000 $157,766 $0 0.00%
    $100k-150k 45 $6,855,000 $152,333 $0 0.00%
    $50k or less 42 $4,310,000 $102,619 $0 0.00%
    $75k-100k 34 $4,770,000 $140,294 $0 0.00%
    $150k-250k 15 $3,085,000 $205,667 $0 0.00%
    $250k+ 9 $2,555,000 $283,889 $0 0.00%

    Peoples State Bank Of Plainview lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $30,865,000 $153,557 $0 0.00%

    Peoples State Bank Of Plainview lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 191 $29,515,000 $154,529 $0 0.00%
    Not applicable 8 $1,090,000 $136,250 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.04%

    Peoples State Bank Of Plainview has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.05%

    Peoples State Bank Of Plainview has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $30,865,000 $153,557

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,155,000 $385,000
    Single Family (1-4 Units):Manufactured 6 $420,000 $70,000
    Single Family (1-4 Units):Site-Built 192 $29,290,000 $152,552

    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 of Plainview 411 Main Street, N.W. Altura, MN 55910 Full Service B&M $37,805
    Peoples State Bank of Plainview 100 4th Avenue S.E. Plainview, MN 55964 Full Service B&M $113,787
    Peoples State Bank of Plainview 1428 Broadway St N Menomonie, WI 54751 Full Service B&M $23,205
    Peoples State Bank of Plainview 155 East Main Elgin, MN 55932 Full Service B&M $24,561
    Peoples State Bank of Plainview 715 Highway 79 Boyceville, WI 54725 Full Service B&M $27,663
    Peoples State Bank of Plainview Division And Snider Streets Millville, MN 55957 Limited, Drive-thru $6,160

    For 2019, Peoples State Bank Of Plainview had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,302
    Net interest income $9,263
    Total noninterest income $1,723
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $376
    Trading account gains and fees $0
    Additional Noninterest Income $1,347
    Pre-tax net operating income $3,809
    Securities gains (or losses, -) $22
    Income before extraordinary items $3,827
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,827
    Minority interest net income $0
    Net income $3,827
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,805

    Peoples State Bank Of Plainview's gross interest income from loans was $12,302,000.
    Peoples State Bank Of Plainview's net interest income from loans was $9,263,000.
    Peoples State Bank Of Plainview's fee based income from loans was $376,000.
    Peoples State Bank Of Plainview's net income from loans was $3,827,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,039
    Provision for credit losses $180
    Total noninterest expense $6,997
    Salaries and employee benefits $3,854
    Premises and equipment expense $583
    Additional noninterest expense $2,560
    Applicable income taxes $4
    Net charge-offs $75
    Cash dividends $2,713

    Peoples State Bank Of Plainview's interest expense for loans was $3,039,000.
    Peoples State Bank Of Plainview's payroll and benefits expense were $3,854,000.
    Peoples State Bank Of Plainview's property, plant and equipment expenses $583,000.

    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 $240,933
    Deposits held in domestic offices $240,933
    Deposits by Individuals, partnerships, and corporations $214,264
    Deposits by U.S. Government $616
    Deposits by States and political subdivisions in the U.S. $26,053
    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 $83,177
    Demand deposits $38,006
    Nontransaction accounts $157,756
    Money market deposit accounts (MMDAs) $73,130
    Other savings deposits (excluding MMDAs) $17,037
    Total time deposits $67,589
    Total time and savings deposits $202,927
    Noninterest-bearing deposits $38,006
    Interest-bearing deposits $202,927
    Retail deposits $223,972
    IRAs and Keogh plan accounts $16,762
    Brokered deposits $4,790
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $285,061
    Cash & Balances due from depository institutions $18,872
    Interest-bearing balances $14,677
    Total securities $69,851
    Federal funds sold & reverse repurchase $62
    Net loans and leases $183,051
    Loan and leases loss allowance $2,006
    Trading account assets $0
    Bank premises and fixed assets $1,864
    Other real estate owned $0
    Goodwill and other intangibles $1,744
    All other assets $9,617

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $285,061
    Total Liabilities $257,757
    Total deposits $240,933
    Interest-bearing deposits $202,927
    Deposits held in domestic offices $240,933
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,347
    Subordinated debt $0
    All other liabilities $3,477

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $183,051
    Loan and leases loss allowance $2,006
    Total loans and leases (domestic) $185,057
    All real estate loans $126,661
    Real estate loans in domestic offices $126,661
    Construction and development loans $7,700
    Residential 1-4 family construction $4,074
    Other construction, all land development and other land $3,626
    Loans secured by nonfarm nonresidential properties $26,043
    Nonfarm nonresidential secured by owner-occupied properties $19,766
    Commercial real estate & other non-farm, non-residential $6,277
    Multifamily residential real estate $2,229
    1-4 family residential loans $47,280
    Farmland loans $43,409
    Loans held in foreign offices $0
    Farm loans $20,911
    Commercial and industrial loans $25,675
    To non-U.S. addressees $0
    Loans to individuals $9,192
    Credit card loans $0
    Related Plans $212
    Consumer Auto Loans $5,697
    Other loans to individuals $3,283
    All other loans & leases $2,618
    Loans to foreign governments and official institutions $0
    Other loans $192
    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 $543
    Non 1-4 family restructured loans & leases $543
    Total loans and leases (foreign) $0

    Peoples State Bank of Plainview had $183,051,000 of loans outstanding in 2019. $126,661,000 of loans were in real estate loans. $7,700,000 of loans were in development loans. $2,229,000 of loans were in multifamily mortgage loans. $47,280,000 of loans were in 1-4 family mortgage loans. $20,911,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,697,000 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 156 $22,839 $146,404
    Nonfarm, nonresidential loans - <$100k 58 $2,608 $44,966
    Nonfarm, nonresidential loans - $100-250k 56 $5,925 $105,804
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,306 $340,619
    Commercial & Industrial, US addressed loans - <$1MM 409 $19,156 $46,836
    Commercial & Industrial, US addressed loans - <$100k 328 $7,461 $22,747
    Commercial & Industrial, US addressed loans - $100-250k 51 $4,400 $86,275
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $7,295 $243,167
    Farmland loans - <$1MM 251 $31,608 $125,928
    Farmland loans - <$100k 84 $3,566 $42,452
    Farmland loans - $100-250k 112 $13,556 $121,036
    Farmland loans - $250k-1MM 55 $14,486 $263,382
    Agriculture operations loans - <$1MM 398 $18,538 $46,578
    Agriculture operations loans - <$100k 334 $8,239 $24,668
    Agriculture operations loans - $100-250k 39 $4,365 $111,923
    Agriculture operations loans - $250k-1MM 25 $5,934 $237,360