Peoples Bank Mortgage Rates, Fees & Info

Mendenhall, MS

LEI: 54930032OCUOR526IR93

Tax ID: 64-0220470

1.2 stars - out of 5 stars, based on 22 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Peoples Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA 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: Jackson, San Diego, Los Angeles, Charleston, and Boston among others. We have data for 161 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. Peoples Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.96% 12/4/22
    30 Year Conventional Refi 6.65% 12/4/22
    30 Year Cash-out Refi 7.02% 12/4/22
    30 Year FHA Purchase 7.98% 12/4/22
    30 Year FHA Refi 7.56% 12/4/22
    30 Year VA Purchase 6.91% 12/4/22
    30 Year VA Refi 6.47% 12/4/22
    30 Year USDA Purchase 7.44% 12/4/22
    15 Year Conventional Purchase 9.56% 12/4/22
    15 Year Conventional Refi 9.50% 12/4/22
    15 Year Cash-out Refi 9.50% 12/4/22
    15 Year FHA Purchase 7.56% 12/4/22
    15 Year FHA Refi 7.61% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    463

    Origination Dollar Volume (All Markets)

    $106,815,000

    Employee count

    145

    Awards

    Peoples Bank 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Peoples Bank's average 30 year fixed mortgage rate was 3.26%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    Peoples Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $8,231.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    JACKSON, MS (FHA|USDA|VA) 76 $12,360,000 $162,632 $3,194 4.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $4,085,000 $453,889 $11,692 3.18%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $3,450,000 $431,250 $12,848 2.73%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $3,250,000 $270,833 $5,643 2.69%
    Outside of Metro Areas 24 $3,070,000 $127,917 $4,915 4.88%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,540,000 $423,333 $16,126 3.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,500,000 $312,500 $10,401 3.38%
    HATTIESBURG, MS (FHA|USDA|VA) 27 $2,305,000 $85,370 $2,266 6.63%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $2,210,000 $368,333 $13,230 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,025,000 $289,286 $9,633 3.29%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,840,000 $306,667 $8,238 3.35%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,690,000 $281,667 $8,869 3.37%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,580,000 $395,000 $11,823 2.94%
    RALEIGH-CARY, NC (FHA|USDA|VA) 7 $1,515,000 $216,429 $6,498 3.05%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,500,000 $375,000 $9,763 3.66%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,485,000 $297,000 $9,127 3.20%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,295,000 $431,667 $10,666 3.33%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,290,000 $215,000 $8,265 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,260,000 $210,000 $6,686 3.33%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,250,000 $312,500 $11,114 3.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,250,000 $208,333 $7,571 3.15%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,165,000 $233,000 $8,064 3.30%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $1,145,000 $381,667 $7,830 3.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,120,000 $280,000 $8,061 3.50%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $980,000 $163,333 $6,736 3.63%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $975,000 $195,000 $6,904 3.48%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $925,000 $308,333 $6,387 3.46%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $920,000 $230,000 $8,284 3.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $920,000 $230,000 $3,683 3.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $890,000 $222,500 $9,570 3.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $890,000 $445,000 $11,493 2.88%
    RICHMOND, VA (FHA|USDA|VA) 2 $870,000 $435,000 $12,443 3.69%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $850,000 $212,500 $7,795 3.53%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $840,000 $420,000 $6,752 3.44%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $805,000 $268,333 $13,857 2.96%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $760,000 $380,000 $11,351 3.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $750,000 $187,500 $4,568 3.03%
    Oxford, MS (FHA|USDA|VA) 5 $735,000 $147,000 $3,029 3.32%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $730,000 $365,000 $11,301 2.75%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $650,000 $325,000 $10,262 3.44%
    Laurel, MS (FHA|USDA|VA) 4 $640,000 $160,000 $2,041 5.43%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $620,000 $310,000 $3,619 5.42%
    LANCASTER, PA (FHA|USDA|VA) 1 $615,000 $615,000 $34,900 3.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $605,000 $605,000 $15,219 3.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $600,000 $300,000 $9,686 3.38%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $595,000 $198,333 $7,204 3.42%
    READING, PA (FHA|USDA|VA) 2 $580,000 $290,000 $6,459 3.44%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $570,000 $285,000 $8,560 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $8,655 3.56%
    TUCSON, AZ (FHA|USDA|VA) 3 $545,000 $181,667 $6,231 3.33%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $530,000 $265,000 $10,265 3.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $525,000 $175,000 $4,144 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $8,763 3.56%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $505,000 $505,000 $11,514 3.00%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $505,000 $168,333 $7,702 3.42%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $490,000 $245,000 $8,717 3.56%
    RACINE, WI (FHA|USDA|VA) 2 $480,000 $240,000 $10,279 2.94%
    SAVANNAH, GA (FHA|USDA|VA) 2 $480,000 $240,000 $8,677 2.88%
    TULSA, OK (FHA|USDA|VA) 2 $470,000 $235,000 $7,099 3.38%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $450,000 $225,000 $6,096 3.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $4,514 2.87%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $445,000 $445,000 $11,551 3.50%
    COLUMBIA, SC (FHA|USDA|VA) 2 $440,000 $220,000 $9,468 3.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $440,000 $220,000 $7,747 3.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $430,000 $215,000 $7,705 3.31%
    SALEM, OR (FHA|USDA|VA) 1 $425,000 $425,000 $15,591 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $420,000 $210,000 $10,489 2.75%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $415,000 $415,000 $4,917 3.25%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $405,000 $405,000 $13,674 3.25%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $400,000 $200,000 $5,068 2.88%
    CLEVELAND, TN (FHA|USDA|VA) 2 $400,000 $200,000 $8,132 3.50%
    London, KY (FHA|USDA|VA) 2 $400,000 $200,000 $7,534 2.81%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,919 3.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $380,000 $190,000 $7,214 3.56%
    GREELEY, CO (FHA|USDA|VA) 1 $375,000 $375,000 $9,927 3.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $370,000 $185,000 $7,830 3.44%
    FARGO, ND-MN (FHA|USDA|VA) 1 $365,000 $365,000 $11,353 3.38%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $365,000 $365,000 $13,674 3.25%
    Gallup, NM (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.50%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $365,000 $365,000 $10,502 3.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $335,000 $335,000 $9,089 3.63%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $335,000 $335,000 $3,573 3.25%
    WENATCHEE, WA (FHA|USDA|VA) 1 $335,000 $335,000 $11,434 3.13%
    Concord, NH (FHA|USDA|VA) 1 $335,000 $335,000 $11,055 2.63%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $325,000 $325,000 $12,246 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $3,650 2.50%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $320,000 $160,000 $4,699 2.75%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $315,000 $315,000 $11,872 3.50%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $315,000 $315,000 $11,149 3.38%
    Rochelle, IL (FHA|USDA|VA) 1 $315,000 $315,000 $11,499 3.38%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $315,000 $315,000 $9,427 3.75%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $315,000 $315,000 $10,535 3.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $305,000 $305,000 $8,934 3.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $295,000 $295,000 $9,499 3.25%
    AKRON, OH (FHA|USDA|VA) 1 $295,000 $295,000 $8,620 3.75%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $285,000 $285,000 $10,275 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $10,215 3.50%
    PUEBLO, CO (FHA|USDA|VA) 1 $285,000 $285,000 $12,447 3.25%
    FRESNO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,152 3.13%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $275,000 $275,000 $9,910 3.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $270,000 $135,000 $6,491 3.44%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $270,000 $135,000 $5,496 2.94%
    Torrington, CT (FHA|USDA|VA) 1 $265,000 $265,000 $12,023 3.00%
    Oak Harbor, WA (FHA|USDA|VA) 1 $255,000 $255,000 $12,018 3.25%
    BURLINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $10,572 3.13%
    Seneca, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,920 3.00%
    YUBA CITY, CA (FHA|USDA|VA) 1 $255,000 $255,000 $9,237 3.13%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $7,787 2.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,085 3.00%
    Port Angeles, WA (FHA|USDA|VA) 1 $245,000 $245,000 $8,444 3.63%
    El Campo, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,790 3.63%
    Huntsville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $11,548 3.25%
    Stillwater, OK (FHA|USDA|VA) 1 $235,000 $235,000 $8,441 3.75%
    DOVER, DE (FHA|USDA|VA) 1 $235,000 $235,000 $9,560 3.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,987 3.63%
    COLUMBUS, OH (FHA|USDA|VA) 1 $225,000 $225,000 $8,206 4.13%
    Orangeburg, SC (FHA|USDA|VA) 1 $215,000 $215,000 $5,054 2.50%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $215,000 $215,000 $8,248 3.25%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $215,000 $215,000 $7,272 3.00%
    JOPLIN, MO (FHA|USDA|VA) 1 $215,000 $215,000 $7,065 3.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $215,000 $215,000 $8,973 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,972 2.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $8,083 3.63%
    Starkville, MS (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,366 3.63%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $205,000 $205,000 $7,246 3.63%
    Keene, NH (FHA|USDA|VA) 1 $195,000 $195,000 $7,431 3.25%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.50%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $185,000 $185,000 $7,820 3.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $185,000 $185,000 $7,447 3.25%
    Mount Sterling, KY (FHA|USDA|VA) 1 $185,000 $185,000 $7,732 3.63%
    Columbus, MS (FHA|USDA|VA) 1 $185,000 $185,000 $5,904 3.75%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $185,000 $185,000 $6,790 3.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,236 3.50%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,697 3.50%
    Greenwood, MS (FHA|USDA|VA) 1 $175,000 $175,000 $3,391 3.63%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,840 3.25%
    MODESTO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $6,596 3.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $165,000 $165,000 $6,460 3.25%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,829 3.50%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $155,000 $155,000 $6,398 3.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $155,000 $155,000 $7,437 3.75%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $145,000 $145,000 $6,323 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $7,347 2.88%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $6,286 3.25%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $6,407 3.38%
    Elizabeth City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $5,899 3.50%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,724 3.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,655 3.63%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $6,345 3.63%
    Jacksonville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,425 3.63%
    JACKSON, MI (FHA|USDA|VA) 1 $115,000 $115,000 $6,788 3.25%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $115,000 $115,000 $2,780 2.75%
    West Plains, MO (FHA|USDA|VA) 1 $115,000 $115,000 $5,434 3.00%
    ALBANY, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,709 3.25%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,243 3.63%
    MOBILE, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,575 2.38%
    Selma, AL (FHA|USDA|VA) 1 $85,000 $85,000 $5,010 3.63%
    Taylorville, IL (FHA|USDA|VA) 1 $75,000 $75,000 $5,183 3.75%
    Brookhaven, MS (FHA|USDA|VA) 1 $75,000 $75,000 $3,194 3.13%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $65,000 $65,000 $3,008 3.13%
    Peoples Bank's top markets include Jackson, San Diego, Los Angeles, Charleston, and Boston among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 248 $63,190,000 $254,798 $9,288 3.33%
    Conventional 179 $32,395,000 $180,978 $3,502 4.69%
    VA 34 $10,870,000 $319,706 $9,102 2.91%
    USDA 2 $360,000 $180,000 $5,008 3.25%

    For 2021, Peoples Bank's most frequently originated type of loan was FHA, with 248 originations. Their 2nd most popular type was Conventional, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 212 $47,170,000 $222,500 $7,569 4.07%
    Cash Out Refi 165 $44,745,000 $271,182 $8,487 3.26%
    Refi 75 $14,085,000 $187,800 $4,965 4.08%
    Other 6 $640,000 $106,667 $3,750 6.40%
    Home Improvement 5 $175,000 $35,000 $1,158 5.45%

    For 2021, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 336 $88,990,000 $264,851 $8,231 3.26%
    15 Year 59 $7,715,000 $130,763 $3,114 5.46%
    20 Year 25 $5,375,000 $215,000 $6,012 3.55%
    Other 15 $2,765,000 $184,333 $5,872 5.17%
    10 Year 15 $665,000 $44,333 $1,552 7.38%
    5 Year 11 $1,175,000 $106,818 $0 5.63%
    3 Year 1 $15,000 $15,000 $0 7.74%
    1 Year 1 $115,000 $115,000 $0 6.79%

    For 2021, Peoples Bank's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 181 $45,355,000 $250,580
    $<1k 83 $12,205,000 $147,048
    $2k-3k 69 $17,485,000 $253,406
    $5k+ 35 $13,315,000 $380,429
    $3k-4k 30 $8,120,000 $270,667
    $4k-5k 14 $4,240,000 $302,857

    Peoples Bank's average total fees were $8,231, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 181 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 254 $65,520,000 $257,953
    2.5-3% 103 $26,325,000 $255,583
    <2.5% 25 $6,835,000 $273,400
    Over 8% 21 $1,115,000 $53,095
    5-6% 18 $2,470,000 $137,222
    4-5% 18 $3,160,000 $175,556
    7-8% 13 $635,000 $48,846
    6-7% 11 $755,000 $68,636

    During 2021, Peoples Bank's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 196 $55,750,000 $284,439 $8,814 3.30%
    $100k-200k 139 $21,605,000 $155,432 $5,409 3.55%
    $100,000 or less 77 $4,215,000 $54,740 $2,484 6.03%
    $400k-600k 45 $21,465,000 $477,000 $11,127 3.23%
    $600k-1MM 6 $3,780,000 $630,000 $20,122 3.48%

    2021 saw Peoples Bank place emphasis on $200k-400k loans with 196 originations, totaling $55,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 130 $34,990,000 $269,154 $8,018 3.61%
    $50k-75k 94 $17,170,000 $182,660 $6,547 3.75%
    $75k-100k 92 $20,720,000 $225,217 $7,711 3.61%
    $50k or less 61 $6,515,000 $106,803 $4,626 4.78%
    $150k-250k 59 $20,125,000 $341,102 $9,759 3.64%
    $250k+ 16 $4,390,000 $274,375 $9,579 4.08%

    Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $50k-75k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 131 $31,775,000 $242,557 $7,031 3.58%
    30-36% 91 $21,925,000 $240,934 $7,950 3.78%
    <20% 55 $8,695,000 $158,091 $5,808 4.16%
    38% 20 $4,350,000 $217,500 $8,236 3.96%
    36% 18 $4,520,000 $251,111 $7,954 3.61%
    41% 18 $5,090,000 $282,778 $9,838 3.91%
    37% 18 $4,110,000 $228,333 $7,906 4.12%
    42% 14 $4,720,000 $337,143 $7,228 3.27%
    43% 11 $1,715,000 $155,909 $5,982 4.60%
    39% 11 $3,085,000 $280,455 $9,594 3.31%
    46% 10 $1,870,000 $187,000 $8,296 3.49%
    49% 10 $2,470,000 $247,000 $8,812 3.57%
    50-60% 9 $1,605,000 $178,333 $4,748 5.33%
    44% 7 $1,195,000 $170,714 $5,140 4.65%
    48% 7 $2,195,000 $313,571 $10,340 3.34%
    40% 6 $1,110,000 $185,000 $7,065 3.33%
    45% 6 $1,390,000 $231,667 $7,040 4.63%
    47% 5 $1,145,000 $229,000 $9,168 3.20%
    >60% 5 $945,000 $189,000 $3,619 5.00%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 353 $80,005,000 $226,643 $7,309 3.80%
    Black 66 $14,110,000 $213,788 $7,181 4.19%
    Asian 13 $4,985,000 $383,462 $10,878 3.13%
    Not provided 19 $4,635,000 $243,947 $8,146 3.17%
    Not applicable 7 $2,025,000 $289,286 $0 4.94%
    American Indian 5 $1,055,000 $211,000 $7,273 3.30%

    Approval Rates

    Total approvals of all applications
    83.24%

    Peoples Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.38%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 463 $106,815,000 $230,702

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    463 $106,815,000 $230,702

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,485,000 $99,400 $4,265 4.67%
    40-60% 53 $10,735,000 $202,547 $6,357 3.81%
    60-80% 159 $37,055,000 $233,050 $6,441 3.92%
    80-100% 217 $54,665,000 $251,912 $8,578 3.65%
    Over 100% 4 $1,510,000 $377,500 $16,795 3.03%
    Under 20% 4 $180,000 $45,000 $1,669 5.35%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Peoples Bank 129 Center Street Richland, MS 39218 Full Service B&M $22,308
    Peoples Bank 160 E. Maud Avenue Mendenhall, MS 39114 Full Service B&M $150,100
    Peoples Bank 165 West Jackson Avenue Mendenhall, MS 39114 Full Service B&M $41,153
    Peoples Bank 611 Fifth Avenue Magee, MS 39111 Full Service B&M $101,808
    Peoples Bank 710 Main Street, Suite 30 Collins, MS 39428 Full Service B&M $62,378

    For 2021, Peoples Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,036
    Net interest income $22,201
    Total noninterest income $25,347
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $871
    Trading account gains and fees $0
    Additional Noninterest Income $24,476
    Pre-tax net operating income $22,218
    Securities gains (or losses, -) $0
    Income before extraordinary items $22,218
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,218
    Minority interest net income $0
    Net income $22,218
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,218

    Peoples Bank's gross interest income from loans was $24,036,000.
    Peoples Bank's net interest income from loans was $22,201,000.
    Peoples Bank's fee based income from loans was $871,000.
    Peoples Bank's net income from loans was $22,218,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,835
    Provision for credit losses $674
    Total noninterest expense $24,656
    Salaries and employee benefits $15,212
    Premises and equipment expense $1,478
    Additional noninterest expense $7,966
    Applicable income taxes $0
    Net charge-offs $148
    Cash dividends $9,983

    Peoples Bank's interest expense for loans was $1,835,000.
    Peoples Bank's payroll and benefits expense were $15,212,000.
    Peoples Bank's property, plant and equipment expenses $1,478,000.

    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 2.0%
    Multifamily residential loans 65.0%
    1-4 family residential loans 4.0%
    HELOC loans 0.0%
    All other family 4.0%
    Commercial & industrial loans 2.0%
    Personal loans 4.0%
    Credit card loans 0.0%
    Other individual loans 4.0%
    Auto loans 2.0%
    Other consumer loans 4.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $377,892
    Deposits held in domestic offices $377,892
    Deposits by Individuals, partnerships, and corporations $302,068
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,659
    Deposits by Commercial banks and other depository institutions in U.S. $19,165
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $197,591
    Demand deposits $102,788
    Nontransaction accounts $180,301
    Money market deposit accounts (MMDAs) $23,685
    Other savings deposits (excluding MMDAs) $38,703
    Total time deposits $117,913
    Total time and savings deposits $275,104
    Noninterest-bearing deposits $97,631
    Interest-bearing deposits $280,261
    Retail deposits $353,283
    IRAs and Keogh plan accounts $13,770
    Brokered deposits $1,574
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $431,628
    Cash & Balances due from depository institutions $58,089
    Interest-bearing balances $51,460
    Total securities $36,200
    Federal funds sold & reverse repurchase $0
    Net loans and leases $313,363
    Loan and leases loss allowance $4,668
    Trading account assets $0
    Bank premises and fixed assets $9,407
    Other real estate owned $623
    Goodwill and other intangibles $3,793
    All other assets $10,153

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $431,628
    Total Liabilities $380,879
    Total deposits $377,892
    Interest-bearing deposits $280,261
    Deposits held in domestic offices $377,892
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,324
    Subordinated debt $0
    All other liabilities $663

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $313,363
    Loan and leases loss allowance $4,668
    Total loans and leases (domestic) $318,031
    All real estate loans $246,367
    Real estate loans in domestic offices $246,367
    Construction and development loans $21,070
    Residential 1-4 family construction $5,808
    Other construction, all land development and other land $15,262
    Loans secured by nonfarm nonresidential properties $124,772
    Nonfarm nonresidential secured by owner-occupied properties $33,990
    Commercial real estate & other non-farm, non-residential $90,782
    Multifamily residential real estate $3,416
    1-4 family residential loans $48,761
    Farmland loans $48,348
    Loans held in foreign offices $0
    Farm loans $5,440
    Commercial and industrial loans $50,349
    To non-U.S. addressees $0
    Loans to individuals $12,057
    Credit card loans $0
    Related Plans $44
    Consumer Auto Loans $2,472
    Other loans to individuals $9,541
    All other loans & leases $3,848
    Loans to foreign governments and official institutions $0
    Other loans $2,720
    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 $2,539
    Non 1-4 family restructured loans & leases $2,461
    Total loans and leases (foreign) $0

    Peoples Bank had $313,363,000 of loans outstanding in 2021. $246,367,000 of loans were in real estate loans. $21,070,000 of loans were in development loans. $3,416,000 of loans were in multifamily mortgage loans. $48,761,000 of loans were in 1-4 family mortgage loans. $5,440,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,472,000 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 209 $31,907 $152,665
    Nonfarm, nonresidential loans - <$100k 78 $2,849 $36,526
    Nonfarm, nonresidential loans - $100-250k 49 $5,384 $109,878
    Nonfarm, nonresidential loans - $250k-1MM 82 $23,674 $288,707
    Commercial & Industrial, US addressed loans - <$1MM 1,013 $41,779 $41,243
    Commercial & Industrial, US addressed loans - <$100k 865 $16,082 $18,592
    Commercial & Industrial, US addressed loans - $100-250k 95 $11,196 $117,853
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $14,501 $273,604
    Farmland loans - <$1MM 425 $26,530 $62,424
    Farmland loans - <$100k 291 $9,449 $32,471
    Farmland loans - $100-250k 95 $9,067 $95,442
    Farmland loans - $250k-1MM 39 $8,014 $205,487
    Agriculture operations loans - <$1MM 235 $5,439 $23,145
    Agriculture operations loans - <$100k 221 $3,703 $16,756
    Agriculture operations loans - $100-250k 12 $1,377 $114,750
    Agriculture operations loans - $250k-1MM 2 $359 $179,500