The Peoples Bank Biloxi Mississippi Mortgage Rates, Fees & Info
Biloxi, MSLEI: 254900AVP2JVTYYT3V92
Tax ID: 64-0220430
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Bank Data
Review & Overview
The Peoples Bank Biloxi Mississippi is a smaller bank specializing in Refi and Home Purchase loans. The Peoples Bank Biloxi Mississippi has a high proportion of conventional loans. Their top two markets are Gulfport and Hattiesburg .The Peoples Bank Biloxi Mississippi has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
139Origination Dollar Volume (All Markets)
$15,865,000Employee count
151Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 137 | $15,775,000 | $115,146 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 139 | $15,865,000 | $114,137 | $0 | 0.00% |
For 2019, The Peoples Bank Biloxi Mississippi's most frequently originated type of loan was Conventional, with 139 originations.
Loan Reason
For 2019, The Peoples Bank Biloxi Mississippi's most frequently cited loan purpose was Refi, with 93 originations. The 2nd most popular reason was Home Purchase, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 139 | $15,865,000 | $114,137 | $0 | 0.00% |
For 2019, The Peoples Bank Biloxi Mississippi's most frequently cited loan duration was Other, with 139 originations.
Loan Sizing
2019 saw The Peoples Bank Biloxi Mississippi place emphasis on $100,000 or less loans with 89 originations, totaling $4,555,000 in origination value.
Applicant Income
The Peoples Bank Biloxi Mississippi lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 139 | $15,865,000 | $114,137 | $0 | 0.00% |
The Peoples Bank Biloxi Mississippi lent most frequently to those with DTI ratios of Exempt%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.60%
The Peoples Bank Biloxi Mississippi has an average approval rate.
Pick Rate
Approvals leading to origination88.49%
The Peoples Bank Biloxi Mississippi has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 139 | $15,865,000 | $114,137 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOP FLITE FINANCIAL INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| TOP FLITE FINANCIAL INC | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
| TOP FLITE FINANCIAL INC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Peoples Bank, Biloxi, Mississippi | 1105 30th Avenue Gulfport, MS 39501 | Full Service B&M | $64,003 |
| The Peoples Bank, Biloxi, Mississippi | 12020 Highway 49 Gulfport, MS 39503 | Full Service B&M | $34,821 |
| The Peoples Bank, Biloxi, Mississippi | 1312 South Magnolia Drive Wiggins, MS 39577 | Full Service B&M | $15,792 |
| The Peoples Bank, Biloxi, Mississippi | 1740 Popps Ferry Road Biloxi, MS 39532 | Full Service B&M | $42,564 |
| The Peoples Bank, Biloxi, Mississippi | 17689 Second Street Saucier, MS 39574 | Full Service B&M | $8,175 |
| The Peoples Bank, Biloxi, Mississippi | 1800 Beach Boulevard Gulfport, MS 39501 | Full Service B&M | $6,271 |
| The Peoples Bank, Biloxi, Mississippi | 2560 Pass Road Biloxi, MS 39531 | Full Service B&M | $17,686 |
| The Peoples Bank, Biloxi, Mississippi | 2609 Highway 90 Gautier, MS 39553 | Full Service B&M | $3,151 |
| The Peoples Bank, Biloxi, Mississippi | 298 Jeff Davis Avenue Long Beach, MS 39560 | Full Service B&M | $10,973 |
| The Peoples Bank, Biloxi, Mississippi | 301 East Second Street Pass Christian, MS 39571 | Full Service B&M | $20,687 |
| The Peoples Bank, Biloxi, Mississippi | 408 U.S. Highway 90 Bay Saint Louis, MS 39520 | Full Service B&M | $23,198 |
| The Peoples Bank, Biloxi, Mississippi | 412 East Pass Road Gulfport, MS 39507 | Full Service B&M | $17,417 |
| The Peoples Bank, Biloxi, Mississippi | 4408 West Aloha Drive Bay St. Louis, MS 39520 | Full Service B&M | $15,151 |
| The Peoples Bank, Biloxi, Mississippi | 470 Highway 90 Waveland, MS 39576 | Full Service B&M | $10,187 |
| The Peoples Bank, Biloxi, Mississippi | 727 Howard Ave Biloxi, MS 39530 | Limited, Drive-thru | $0 |
| The Peoples Bank, Biloxi, Mississippi | Lameuse And Howard Avenues Biloxi, MS 39533 | Full Service B&M | $158,063 |
| The Peoples Bank, Biloxi, Mississippi | Lemoyne Boulevard Harrison County, MS 39532 | Full Service B&M | $23,705 |
| The Peoples Bank, Biloxi, Mississippi | Third Street, Keesler Air Force Base, Building 1507 Biloxi, MS 39530 | Full Service B&M | $955 |
| The Peoples Bank, Biloxi, Mississippi | U.S. Highway 90 Ocean Springs, MS 39564 | Full Service B&M | $21,018 |
For 2019, The Peoples Bank Biloxi Mississippi had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $20,923 |
| Net interest income | $17,676 |
| Total noninterest income | $6,042 |
| Gross Fiduciary activities income | $1,614 |
| Service charges on deposit accounts | $1,949 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,479 |
| Pre-tax net operating income | $1,773 |
| Securities gains (or losses, -) | $167 |
| Income before extraordinary items | $1,940 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,940 |
| Minority interest net income | $0 |
| Net income | $1,940 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,773 |
The Peoples Bank Biloxi Mississippi's gross interest income from loans was $20,923,000.
The Peoples Bank Biloxi Mississippi's net interest income from loans was $17,676,000.
The Peoples Bank Biloxi Mississippi's fee based income from loans was $1,949,000.
The Peoples Bank Biloxi Mississippi's net income from loans was $1,940,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,247 |
| Provision for credit losses | $0 |
| Total noninterest expense | $21,945 |
| Salaries and employee benefits | $10,642 |
| Premises and equipment expense | $3,368 |
| Additional noninterest expense | $7,935 |
| Applicable income taxes | $0 |
| Net charge-offs | $1,133 |
| Cash dividends | $700 |
The Peoples Bank Biloxi Mississippi's interest expense for loans was $3,247,000.
The Peoples Bank Biloxi Mississippi's payroll and benefits expense were $10,642,000.
The Peoples Bank Biloxi Mississippi's property, plant and equipment expenses $3,368,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 3.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 1.0% |
| Nonfarm, nonresidential loans | 5.0% |
| 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 | $476,883 |
| Deposits held in domestic offices | $476,883 |
| Deposits by Individuals, partnerships, and corporations | $261,010 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $215,686 |
| Deposits by Commercial banks and other depository institutions in U.S. | $187 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $45,793 |
| Demand deposits | $32,895 |
| Nontransaction accounts | $431,090 |
| Money market deposit accounts (MMDAs) | $27,466 |
| Other savings deposits (excluding MMDAs) | $313,226 |
| Total time deposits | $90,398 |
| Total time and savings deposits | $443,988 |
| Noninterest-bearing deposits | $25,157 |
| Interest-bearing deposits | $451,726 |
| Retail deposits | $430,265 |
| IRAs and Keogh plan accounts | $8,470 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $592,038 |
| Cash & Balances due from depository institutions | $29,424 |
| Interest-bearing balances | $11,852 |
| Total securities | $248,542 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $264,742 |
| Loan and leases loss allowance | $4,207 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,421 |
| Other real estate owned | $7,453 |
| Goodwill and other intangibles | $0 |
| All other assets | $24,456 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $592,038 |
| Total Liabilities | $500,473 |
| Total deposits | $476,883 |
| Interest-bearing deposits | $451,726 |
| Deposits held in domestic offices | $476,883 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,526 |
| Subordinated debt | $0 |
| All other liabilities | $20,064 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $264,742 |
| Loan and leases loss allowance | $4,207 |
| Total loans and leases (domestic) | $268,949 |
| All real estate loans | $225,093 |
| Real estate loans in domestic offices | $225,093 |
| Construction and development loans | $26,188 |
| Residential 1-4 family construction | $4,085 |
| Other construction, all land development and other land | $22,103 |
| Loans secured by nonfarm nonresidential properties | $141,478 |
| Nonfarm nonresidential secured by owner-occupied properties | $56,316 |
| Commercial real estate & other non-farm, non-residential | $85,162 |
| Multifamily residential real estate | $774 |
| 1-4 family residential loans | $56,595 |
| Farmland loans | $58 |
| Loans held in foreign offices | $0 |
| Farm loans | $92 |
| Commercial and industrial loans | $37,340 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,834 |
| Credit card loans | $0 |
| Related Plans | $236 |
| Consumer Auto Loans | $894 |
| Other loans to individuals | $3,704 |
| All other loans & leases | $1,590 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $584 |
| 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 | $1,036 |
| Non 1-4 family restructured loans & leases | $499 |
| Total loans and leases (foreign) | $0 |
The Peoples Bank Biloxi Mississippi had $264,742,000 of loans outstanding in 2019. $225,093,000 of loans were in real estate loans. $26,188,000 of loans were in development loans. $774,000 of loans were in multifamily mortgage loans. $56,595,000 of loans were in 1-4 family mortgage loans. $92,000 of loans were in farm loans. $0 of loans were in credit card loans. $894,000 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 | 161 | $35,706 | $221,776 |
| Nonfarm, nonresidential loans - <$100k | 35 | $1,393 | $39,800 |
| Nonfarm, nonresidential loans - $100-250k | 46 | $5,140 | $111,739 |
| Nonfarm, nonresidential loans - $250k-1MM | 80 | $29,173 | $364,663 |
| Commercial & Industrial, US addressed loans - <$1MM | 192 | $12,162 | $63,344 |
| Commercial & Industrial, US addressed loans - <$100k | 150 | $3,096 | $20,640 |
| Commercial & Industrial, US addressed loans - $100-250k | 21 | $1,766 | $84,095 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 21 | $7,300 | $347,619 |
| Farmland loans - <$1MM | 2 | $58 | $29,000 |
| Farmland loans - <$100k | 2 | $58 | $29,000 |
| Agriculture operations loans - <$1MM | 1 | $92 | $92,000 |
| Agriculture operations loans - <$100k | 1 | $92 | $92,000 |