Peoples Bank Of Alabama Mortgage Rates, Fees & Info

Cullman, AL

LEI: 5493002XCPKQYCZ56W55

Tax ID: 63-0728482

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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 Bank Of Alabama is a smaller bank specializing in Refi and Home Purchase loans. Peoples Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Cullman, Decatur, Huntsville, and Gadsden among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank Of Alabama 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.

    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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $23,500,000

    Employee count

    263

    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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 22 $8,500,000 $386,364 $0 0.00%
    Cullman, AL (FHA|USDA|VA) 23 $3,485,000 $151,522 $0 0.00%
    DECATUR, AL (FHA|USDA|VA) 26 $3,170,000 $121,923 $0 0.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 9 $1,795,000 $199,444 $0 0.00%
    GADSDEN, AL (FHA|USDA|VA) 8 $1,740,000 $217,500 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 11 $1,725,000 $156,818 $0 0.00%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
    Scottsboro, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
    Peoples Bank Of Alabama's top markets include Birmingham, Cullman, Decatur, Huntsville, and Gadsden among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $23,500,000 $217,593 $0 0.00%

    For 2019, Peoples Bank Of Alabama's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 50 $9,770,000 $195,400 $0 0.00%
    Home Purchase 44 $12,560,000 $285,455 $0 0.00%
    Home Improvement 9 $575,000 $63,889 $0 0.00%
    Other 5 $595,000 $119,000 $0 0.00%

    For 2019, Peoples Bank Of Alabama's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $23,500,000 $217,593 $0 0.00%

    For 2019, Peoples Bank Of Alabama's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,740,000 $50,741 $0 0.00%
    $100k-200k 23 $3,405,000 $148,043 $0 0.00%
    $200k-400k 20 $5,450,000 $272,500 $0 0.00%
    $400k-600k 5 $2,305,000 $461,000 $0 0.00%
    $1MM+ 4 $8,180,000 $2,045,000 $0 0.00%
    $600k-1MM 2 $1,420,000 $710,000 $0 0.00%

    2019 saw Peoples Bank Of Alabama place emphasis on $100,000 or less loans with 54 originations, totaling $2,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $1,085,000 $51,667 $0 0.00%
    $75k-100k 14 $1,590,000 $113,571 $0 0.00%
    $150k-250k 13 $1,955,000 $150,385 $0 0.00%
    $250k+ 13 $4,295,000 $330,385 $0 0.00%
    $50k-75k 11 $1,115,000 $101,364 $0 0.00%
    $100k-150k 6 $810,000 $135,000 $0 0.00%

    Peoples Bank Of Alabama lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $23,500,000 $217,593 $0 0.00%

    Peoples Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $12,530,000 $447,500 $0 0.00%
    White 68 $9,600,000 $141,176 $0 0.00%
    Asian 3 $565,000 $188,333 $0 0.00%
    Not provided 4 $410,000 $102,500 $0 0.00%
    Black 4 $330,000 $82,500 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.73%

    Peoples Bank Of Alabama has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.48%

    Peoples Bank Of Alabama has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $23,500,000 $217,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $9,535,000 $1,059,444
    Single Family (1-4 Units):Manufactured 16 $1,130,000 $70,625
    Single Family (1-4 Units):Site-Built 83 $12,835,000 $154,639

    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 Bank of Alabama 29900 State Highway 79 Locust Fork, AL 35097 Full Service B&M $12,838
    Peoples Bank of Alabama 104 Main Street Hanceville, AL 35077 Full Service B&M $16,737
    Peoples Bank of Alabama 10437 Highway 36 Laceys Spring, AL 35754 Full Service B&M $16,483
    Peoples Bank of Alabama 10695 Us Hwy 278 East Holly Pond, AL 35083 Full Service B&M $23,203
    Peoples Bank of Alabama 12081 Alabama Highway 69 North Baileyton, AL 35019 Full Service B&M $6,992
    Peoples Bank of Alabama 1285 Chestnut Bypass Centre, AL 35960 Full Service B&M $52,883
    Peoples Bank of Alabama 14340 Highway 431 North Guntersville, AL 35976 Full Service B&M $9,791
    Peoples Bank of Alabama 1737 6th Avenue, Se Decatur, AL 35601 Full Service B&M $22,660
    Peoples Bank of Alabama 1800 International Parkway, Ste 190 Birmingham, AL 35243 Full Service B&M $22,582
    Peoples Bank of Alabama 1912 Cherokee Avenue, Sw Cullman, AL 35055 Full Service B&M $143,075
    Peoples Bank of Alabama 200 Billy D. Dyar Boulevard Boaz, AL 35957 Full Service B&M $12,219
    Peoples Bank of Alabama 2133 North Brindlee Mtn. Pkwy. Arab, AL 35016 Full Service B&M $43,936
    Peoples Bank of Alabama 3105 Rainbow Drive Rainbow City, AL 35906 Full Service B&M $3,785
    Peoples Bank of Alabama 336 Fieldstown Road Gardendale, AL 35071 Full Service B&M $47,060
    Peoples Bank of Alabama 400 West Meighan Boulevard Gadsden, AL 35901 Full Service B&M $30,304
    Peoples Bank of Alabama 401 Lee Street Ne Decatur, AL 35601 Limited, Drive-thru $66,544
    Peoples Bank of Alabama 417 20th Street North Birmingham, AL 35203 Full Service B&M $974
    Peoples Bank of Alabama 420 Caldwell Drive Warrior, AL 35180 Limited, Mobile/Seasonal Office $24,976
    Peoples Bank of Alabama 435 Alabama Highway 69 South Dodge City, AL 35077 Full Service B&M $12,601
    Peoples Bank of Alabama 501 Highway 31, Sw Hartselle, AL 35640 Full Service B&M $30,810
    Peoples Bank of Alabama 5052 Alabama Highway 157 North Cullman, AL 35057 Full Service B&M $19,625
    Peoples Bank of Alabama 5276 Highway 67 Somerville, AL 35670 Full Service B&M $13,339
    Peoples Bank of Alabama 68870 Main Street, South Blountsville, AL 35031 Full Service B&M $16,153
    Peoples Bank of Alabama 7473 U.S. Highway 431 Albertville, AL 35950 Full Service B&M $24,969
    Peoples Bank of Alabama 910 North Brindlee Mountain Parkway Arab, AL 35016 Full Service B&M $24,441
    Peoples Bank of Alabama 918 2nd Avenue East Oneonta, AL 35121 Full Service B&M $24,117

    For 2019, Peoples Bank Of Alabama had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,573
    Net interest income $34,569
    Total noninterest income $14,326
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $7,479
    Trading account gains and fees $0
    Additional Noninterest Income $6,847
    Pre-tax net operating income $13,850
    Securities gains (or losses, -) $11
    Income before extraordinary items $13,314
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,314
    Minority interest net income $0
    Net income $13,314
    Sale, conversion, retirement of capital stock, net $666
    Net operating income $13,303

    Peoples Bank Of Alabama's gross interest income from loans was $39,573,000.
    Peoples Bank Of Alabama's net interest income from loans was $34,569,000.
    Peoples Bank Of Alabama's fee based income from loans was $7,479,000.
    Peoples Bank Of Alabama's net income from loans was $13,314,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,004
    Provision for credit losses $474
    Total noninterest expense $34,571
    Salaries and employee benefits $21,357
    Premises and equipment expense $5,006
    Additional noninterest expense $8,208
    Applicable income taxes $547
    Net charge-offs $20
    Cash dividends $5,862

    Peoples Bank Of Alabama's interest expense for loans was $5,004,000.
    Peoples Bank Of Alabama's payroll and benefits expense were $21,357,000.
    Peoples Bank Of Alabama's property, plant and equipment expenses $5,006,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.7%
    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 $717,178
    Deposits held in domestic offices $717,178
    Deposits by Individuals, partnerships, and corporations $658,509
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,669
    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 $203,151
    Demand deposits $203,151
    Nontransaction accounts $514,027
    Money market deposit accounts (MMDAs) $336,133
    Other savings deposits (excluding MMDAs) $72,209
    Total time deposits $105,685
    Total time and savings deposits $514,027
    Noninterest-bearing deposits $79,171
    Interest-bearing deposits $638,007
    Retail deposits $696,088
    IRAs and Keogh plan accounts $19,581
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $824,995
    Cash & Balances due from depository institutions $86,498
    Interest-bearing balances $75,773
    Total securities $74,895
    Federal funds sold & reverse repurchase $10,433
    Net loans and leases $605,520
    Loan and leases loss allowance $10,269
    Trading account assets $0
    Bank premises and fixed assets $22,359
    Other real estate owned $638
    Goodwill and other intangibles $4,717
    All other assets $19,935

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $824,995
    Total Liabilities $741,111
    Total deposits $717,178
    Interest-bearing deposits $638,007
    Deposits held in domestic offices $717,178
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,187
    Subordinated debt $0
    All other liabilities $5,746

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $605,520
    Loan and leases loss allowance $10,269
    Total loans and leases (domestic) $615,789
    All real estate loans $443,533
    Real estate loans in domestic offices $443,533
    Construction and development loans $60,633
    Residential 1-4 family construction $20,127
    Other construction, all land development and other land $40,506
    Loans secured by nonfarm nonresidential properties $244,513
    Nonfarm nonresidential secured by owner-occupied properties $122,605
    Commercial real estate & other non-farm, non-residential $121,908
    Multifamily residential real estate $13,252
    1-4 family residential loans $103,374
    Farmland loans $21,761
    Loans held in foreign offices $0
    Farm loans $3,338
    Commercial and industrial loans $123,271
    To non-U.S. addressees $0
    Loans to individuals $20,060
    Credit card loans $3,823
    Related Plans $2,152
    Consumer Auto Loans $3,320
    Other loans to individuals $10,765
    All other loans & leases $25,618
    Loans to foreign governments and official institutions $0
    Other loans $17,405
    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 $8,045
    Non 1-4 family restructured loans & leases $7,200
    Total loans and leases (foreign) $0

    Peoples Bank of Alabama had $605,520,000 of loans outstanding in 2019. $443,533,000 of loans were in real estate loans. $60,633,000 of loans were in development loans. $13,252,000 of loans were in multifamily mortgage loans. $103,374,000 of loans were in 1-4 family mortgage loans. $3,338,000 of loans were in farm loans. $3,823,000 of loans were in credit card loans. $3,320,000 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 331 $77,026 $232,707
    Nonfarm, nonresidential loans - <$100k 72 $3,404 $47,278
    Nonfarm, nonresidential loans - $100-250k 122 $16,262 $133,295
    Nonfarm, nonresidential loans - $250k-1MM 137 $57,360 $418,686
    Commercial & Industrial, US addressed loans - <$1MM 637 $43,386 $68,110
    Commercial & Industrial, US addressed loans - <$100k 434 $10,643 $24,523
    Commercial & Industrial, US addressed loans - $100-250k 113 $11,426 $101,115
    Commercial & Industrial, US addressed loans - $250k-1MM 90 $21,317 $236,856
    Farmland loans - <$1MM 73 $8,870 $121,507
    Farmland loans - <$100k 32 $1,322 $41,313
    Farmland loans - $100-250k 25 $3,025 $121,000
    Farmland loans - $250k-1MM 16 $4,523 $282,688
    Agriculture operations loans - <$1MM 46 $1,852 $40,261
    Agriculture operations loans - <$100k 34 $769 $22,618
    Agriculture operations loans - $100-250k 7 $193 $27,571
    Agriculture operations loans - $250k-1MM 5 $890 $178,000