The Peoples Bank Mortgage Rates, Fees & Info
Iva, SCLEI: 254900DEMD2F6Z046A71
Tax ID: 57-0305018
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
The Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. The Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Miami, Charleston, Spartanburg, and Atlanta among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Peoples Bank has an above average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
64Origination Dollar Volume (All Markets)
$9,080,000Employee count
68Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 53 | $7,205,000 | $135,943 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Newberry, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $9,080,000 | $141,875 | $0 | 0.00% |
For 2018, The Peoples Bank's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $5,960,000 | $175,294 | $0 | 0.00% |
| Refi | 30 | $3,120,000 | $104,000 | $0 | 0.00% |
For 2018, The Peoples Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $9,080,000 | $141,875 | $0 | 0.00% |
For 2018, The Peoples Bank's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2018 saw The Peoples Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,975,000 in origination value.
Applicant Income
The Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $9,080,000 | $141,875 | $0 | 0.00% |
The Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
The Peoples Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.56%
The Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 64 | $9,080,000 | $141,875 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOP FLITE FINANCIAL INC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Peoples Bank | 1921 East Greenville Street Anderson, SC 29621 | Full Service B&M | $38,197 |
| The Peoples Bank | 3009 Whitehall Road Anderson, SC 29626 | Full Service B&M | $40,001 |
| The Peoples Bank | 3010 South Main Street Anderson, SC 29624 | Full Service B&M | $41,682 |
| The Peoples Bank | 3901 Clemson Boulevard Anderson, SC 29621 | Full Service B&M | $37,136 |
| The Peoples Bank | 605 North Main Street Anderson, SC 29621 | Full Service B&M | $24,212 |
| The Peoples Bank | 801 East Front Street Iva, SC 29655 | Full Service B&M | $63,006 |
For 2018, The Peoples Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,774 |
| Net interest income | $9,585 |
| Total noninterest income | $2,338 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $760 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,578 |
| Pre-tax net operating income | $3,220 |
| Securities gains (or losses, -) | $37 |
| Income before extraordinary items | $3,120 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,120 |
| Minority interest net income | $0 |
| Net income | $3,120 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,084 |
The Peoples Bank's gross interest income from loans was $10,774,000.
The Peoples Bank's net interest income from loans was $9,585,000.
The Peoples Bank's fee based income from loans was $760,000.
The Peoples Bank's net income from loans was $3,120,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,189 |
| Provision for credit losses | $0 |
| Total noninterest expense | $8,703 |
| Salaries and employee benefits | $4,510 |
| Premises and equipment expense | $1,067 |
| Additional noninterest expense | $3,126 |
| Applicable income taxes | $137 |
| Net charge-offs | $49 |
| Cash dividends | $1,367 |
The Peoples Bank's interest expense for loans was $1,189,000.
The Peoples Bank's payroll and benefits expense were $4,510,000.
The Peoples Bank's property, plant and equipment expenses $1,067,000.
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 | 4.0% |
| 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 | $229,124 |
| Deposits held in domestic offices | $229,124 |
| Deposits by Individuals, partnerships, and corporations | $218,479 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $10,394 |
| Deposits by Commercial banks and other depository institutions in U.S. | $251 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $94,909 |
| Demand deposits | $41,595 |
| Nontransaction accounts | $134,215 |
| Money market deposit accounts (MMDAs) | $26,031 |
| Other savings deposits (excluding MMDAs) | $27,433 |
| Total time deposits | $80,752 |
| Total time and savings deposits | $187,529 |
| Noninterest-bearing deposits | $41,595 |
| Interest-bearing deposits | $187,529 |
| Retail deposits | $222,436 |
| IRAs and Keogh plan accounts | $22,317 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $274,857 |
| Cash & Balances due from depository institutions | $10,042 |
| Interest-bearing balances | $4,121 |
| Total securities | $80,798 |
| Federal funds sold & reverse repurchase | $8,805 |
| Net loans and leases | $154,766 |
| Loan and leases loss allowance | $2,001 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,048 |
| Other real estate owned | $4,447 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,951 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $274,857 |
| Total Liabilities | $240,987 |
| Total deposits | $229,124 |
| Interest-bearing deposits | $187,529 |
| Deposits held in domestic offices | $229,124 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,500 |
| Subordinated debt | $0 |
| All other liabilities | $1,363 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $154,766 |
| Loan and leases loss allowance | $2,001 |
| Total loans and leases (domestic) | $156,767 |
| All real estate loans | $144,271 |
| Real estate loans in domestic offices | $144,271 |
| Construction and development loans | $18,401 |
| Residential 1-4 family construction | $1,389 |
| Other construction, all land development and other land | $17,012 |
| Loans secured by nonfarm nonresidential properties | $62,998 |
| Nonfarm nonresidential secured by owner-occupied properties | $49,517 |
| Commercial real estate & other non-farm, non-residential | $13,481 |
| Multifamily residential real estate | $1,611 |
| 1-4 family residential loans | $60,315 |
| Farmland loans | $946 |
| Loans held in foreign offices | $0 |
| Farm loans | $270 |
| Commercial and industrial loans | $4,701 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,194 |
| Credit card loans | $0 |
| Related Plans | $502 |
| Consumer Auto Loans | $3,297 |
| Other loans to individuals | $3,395 |
| All other loans & leases | $331 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $43 |
| 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 | $1,926 |
| Non 1-4 family restructured loans & leases | $1,365 |
| Total loans and leases (foreign) | $0 |
The Peoples Bank had $154,766,000 of loans outstanding in 2018. $144,271,000 of loans were in real estate loans. $18,401,000 of loans were in development loans. $1,611,000 of loans were in multifamily mortgage loans. $60,315,000 of loans were in 1-4 family mortgage loans. $270,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,297,000 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 | 158 | $33,460 | $211,772 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,352 | $36,541 |
| Nonfarm, nonresidential loans - $100-250k | 51 | $5,965 | $116,961 |
| Nonfarm, nonresidential loans - $250k-1MM | 70 | $26,143 | $373,471 |
| Commercial & Industrial, US addressed loans - <$1MM | 95 | $4,699 | $49,463 |
| Commercial & Industrial, US addressed loans - <$100k | 79 | $1,696 | $21,468 |
| Commercial & Industrial, US addressed loans - $100-250k | 12 | $1,992 | $166,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $1,011 | $252,750 |
| Farmland loans - <$1MM | 9 | $946 | $105,111 |
| Farmland loans - <$100k | 5 | $175 | $35,000 |
| Farmland loans - $100-250k | 2 | $288 | $144,000 |
| Farmland loans - $250k-1MM | 2 | $483 | $241,500 |
| Agriculture operations loans - <$1MM | 18 | $270 | $15,000 |
| Agriculture operations loans - <$100k | 18 | $270 | $15,000 |