The Peoples Bank Biloxi Mississippi Mortgage Rates, Fees & Info
Biloxi, MSLEI: 254900AVP2JVTYYT3V92
Tax ID: 64-0220430
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Mortgage Data
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 markets by origination volume include: Gulfport, Daphne, Hattiesburg, and Picayune among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
153Origination Dollar Volume (All Markets)
$19,715,000Employee count
133Top 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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 148 | $18,300,000 | $123,649 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 153 | $19,715,000 | $128,856 | $0 | 0.00% |
For 2021, The Peoples Bank Biloxi Mississippi's most frequently originated type of loan was Conventional, with 153 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 93 | $11,585,000 | $124,570 | $0 | 0.00% |
| Home Purchase | 41 | $6,095,000 | $148,659 | $0 | 0.00% |
| Other | 19 | $2,035,000 | $107,105 | $0 | 0.00% |
For 2021, 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 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $19,715,000 | $128,856 | $0 | 0.00% |
For 2021, The Peoples Bank Biloxi Mississippi's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2021 saw The Peoples Bank Biloxi Mississippi place emphasis on $100,000 or less loans with 81 originations, totaling $4,605,000 in origination value.
Applicant Income
The Peoples Bank Biloxi Mississippi lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $19,715,000 | $128,856 | $0 | 0.00% |
The Peoples Bank Biloxi Mississippi lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.50%
The Peoples Bank Biloxi Mississippi has an average approval rate.
Pick Rate
Approvals leading to origination86.93%
The Peoples Bank Biloxi Mississippi has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $19,715,000 | $128,856 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOP FLITE FINANCIAL INC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
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 | $92,403 |
| The Peoples Bank, Biloxi, Mississippi | 12020 Highway 49 Gulfport, MS 39503 | Full Service B&M | $37,737 |
| The Peoples Bank, Biloxi, Mississippi | 1312 South Magnolia Drive Wiggins, MS 39577 | Full Service B&M | $43,224 |
| The Peoples Bank, Biloxi, Mississippi | 1740 Popps Ferry Road Biloxi, MS 39532 | Full Service B&M | $58,379 |
| The Peoples Bank, Biloxi, Mississippi | 17689 Second Street Saucier, MS 39574 | Full Service B&M | $11,111 |
| The Peoples Bank, Biloxi, Mississippi | 1800 Beach Boulevard Gulfport, MS 39501 | Full Service B&M | $7,939 |
| The Peoples Bank, Biloxi, Mississippi | 2560 Pass Road Biloxi, MS 39531 | Full Service B&M | $24,989 |
| The Peoples Bank, Biloxi, Mississippi | 2609 Highway 90 Gautier, MS 39553 | Full Service B&M | $4,377 |
| The Peoples Bank, Biloxi, Mississippi | 298 Jeff Davis Avenue Long Beach, MS 39560 | Full Service B&M | $15,335 |
| The Peoples Bank, Biloxi, Mississippi | 301 East Second Street Pass Christian, MS 39571 | Full Service B&M | $18,042 |
| The Peoples Bank, Biloxi, Mississippi | 408 U.S. Highway 90 Bay Saint Louis, MS 39520 | Full Service B&M | $44,985 |
| The Peoples Bank, Biloxi, Mississippi | 412 East Pass Road Gulfport, MS 39507 | Full Service B&M | $23,121 |
| The Peoples Bank, Biloxi, Mississippi | 4408 West Aloha Drive Bay St. Louis, MS 39520 | Full Service B&M | $23,251 |
| The Peoples Bank, Biloxi, Mississippi | 470 Highway 90 Waveland, MS 39576 | Full Service B&M | $14,383 |
| 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 | $175,103 |
| The Peoples Bank, Biloxi, Mississippi | Lemoyne Boulevard Harrison County, MS 39532 | Full Service B&M | $31,406 |
| The Peoples Bank, Biloxi, Mississippi | Third Street, Keesler Air Force Base, Building 1507 Biloxi, MS 39530 | Full Service B&M | $1,182 |
| The Peoples Bank, Biloxi, Mississippi | U.S. Highway 90 Ocean Springs, MS 39564 | Full Service B&M | $25,479 |
For 2021, The Peoples Bank Biloxi Mississippi had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $20,342 |
| Net interest income | $19,512 |
| Total noninterest income | $6,240 |
| Gross Fiduciary activities income | $1,849 |
| Service charges on deposit accounts | $1,428 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,963 |
| Pre-tax net operating income | $9,239 |
| Securities gains (or losses, -) | $-23 |
| Income before extraordinary items | $9,154 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,154 |
| Minority interest net income | $0 |
| Net income | $9,154 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,176 |
The Peoples Bank Biloxi Mississippi's gross interest income from loans was $20,342,000.
The Peoples Bank Biloxi Mississippi's net interest income from loans was $19,512,000.
The Peoples Bank Biloxi Mississippi's fee based income from loans was $1,428,000.
The Peoples Bank Biloxi Mississippi's net income from loans was $9,154,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $830 |
| Provision for credit losses | $-5,663 |
| Total noninterest expense | $22,176 |
| Salaries and employee benefits | $10,491 |
| Premises and equipment expense | $3,340 |
| Additional noninterest expense | $8,345 |
| Applicable income taxes | $62 |
| Net charge-offs | $-4,548 |
| Cash dividends | $4,610 |
The Peoples Bank Biloxi Mississippi's interest expense for loans was $830,000.
The Peoples Bank Biloxi Mississippi's payroll and benefits expense were $10,491,000.
The Peoples Bank Biloxi Mississippi's property, plant and equipment expenses $3,340,000.
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 | 4.0% |
| 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 | $705,005 |
| Deposits held in domestic offices | $705,005 |
| Deposits by Individuals, partnerships, and corporations | $454,717 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $250,067 |
| Deposits by Commercial banks and other depository institutions in U.S. | $221 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $63,706 |
| Demand deposits | $44,610 |
| Nontransaction accounts | $641,299 |
| Money market deposit accounts (MMDAs) | $32,527 |
| Other savings deposits (excluding MMDAs) | $525,817 |
| Total time deposits | $82,955 |
| Total time and savings deposits | $660,395 |
| Noninterest-bearing deposits | $33,699 |
| Interest-bearing deposits | $671,306 |
| Retail deposits | $661,392 |
| IRAs and Keogh plan accounts | $7,215 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $816,386 |
| Cash & Balances due from depository institutions | $49,991 |
| Interest-bearing balances | $36,441 |
| Total securities | $487,011 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $235,851 |
| Loan and leases loss allowance | $3,311 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,799 |
| Other real estate owned | $1,891 |
| Goodwill and other intangibles | $0 |
| All other assets | $25,843 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $816,386 |
| Total Liabilities | $727,541 |
| Total deposits | $705,005 |
| Interest-bearing deposits | $671,306 |
| Deposits held in domestic offices | $705,005 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $889 |
| Subordinated debt | $0 |
| All other liabilities | $21,647 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $235,851 |
| Loan and leases loss allowance | $3,311 |
| Total loans and leases (domestic) | $239,162 |
| All real estate loans | $214,209 |
| Real estate loans in domestic offices | $214,209 |
| Construction and development loans | $27,191 |
| Residential 1-4 family construction | $6,061 |
| Other construction, all land development and other land | $21,130 |
| Loans secured by nonfarm nonresidential properties | $129,745 |
| Nonfarm nonresidential secured by owner-occupied properties | $55,097 |
| Commercial real estate & other non-farm, non-residential | $74,648 |
| Multifamily residential real estate | $704 |
| 1-4 family residential loans | $56,548 |
| Farmland loans | $21 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $15,882 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,482 |
| Credit card loans | $0 |
| Related Plans | $173 |
| Consumer Auto Loans | $1,236 |
| Other loans to individuals | $3,073 |
| All other loans & leases | $4,589 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $795 |
| 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 | $718 |
| Non 1-4 family restructured loans & leases | $471 |
| Total loans and leases (foreign) | $0 |
The Peoples Bank Biloxi Mississippi had $235,851,000 of loans outstanding in 2021. $214,209,000 of loans were in real estate loans. $27,191,000 of loans were in development loans. $704,000 of loans were in multifamily mortgage loans. $56,548,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,236,000 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 | 134 | $31,456 | $234,746 |
| Nonfarm, nonresidential loans - <$100k | 23 | $1,017 | $44,217 |
| Nonfarm, nonresidential loans - $100-250k | 40 | $4,599 | $114,975 |
| Nonfarm, nonresidential loans - $250k-1MM | 71 | $25,840 | $363,944 |
| Commercial & Industrial, US addressed loans - <$1MM | 197 | $9,584 | $48,650 |
| Commercial & Industrial, US addressed loans - <$100k | 164 | $3,519 | $21,457 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $2,374 | $124,947 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 14 | $3,691 | $263,643 |
| Farmland loans - <$1MM | 1 | $21 | $21,000 |
| Farmland loans - <$100k | 1 | $21 | $21,000 |