Peoples Bank Mortgage Rates, Fees & Info
Rock Valley, IALEI: 254900WQBZOLXT53K570
Tax ID: 42-0624950
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sioux City, Spirit Lake, Sioux Falls, Spearfish, and Omaha among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank 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
124Origination Dollar Volume (All Markets)
$26,530,000Top 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 |
|---|---|---|---|---|---|
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 37 | $10,755,000 | $290,676 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $9,590,000 | $141,029 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Spencer, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 118 | $25,800,000 | $218,644 | $0 | 0.00% |
| USDA | 6 | $730,000 | $121,667 | $0 | 0.00% |
For 2024, Peoples Bank's most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2024, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $26,530,000 | $213,952 | $0 | 0.00% |
For 2024, Peoples Bank's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2024 saw Peoples Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,320,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $26,530,000 | $213,952 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.13%
Peoples Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.26%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $26,530,000 | $213,952 |