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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Jackson, San Diego, Los Angeles, Charleston, and Boston among others. Peoples Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Peoples Bank is typically a high fee lendor.


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 rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Peoples Bank's average total fees for a 30 year fixed rate mortgage are $8,231.

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Peoples Bank's most frequently originated loan type of loans were FHA, with 248 originations. Their 2nd most popular type is Conventional, with 179 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Peoples Bank's most frequently cited loan purpose of loans were Home Purchase, with 212 originations. The 2nd most popular reason of loans were 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 the 2021, Peoples Bank's most frequently cited loan length of loans were 30 Year, with 336 originations. The 2nd most popular length of loans were 15 Year, with 59 originations.

Origination Fees

Origination Fee 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
$3k-4k 44 $12,360,000 $280,909
$5k+ 35 $13,315,000 $380,429

$8,231 of loans were Peoples Bank's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.26%, while their most frequently originated rate bucket of loans were 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
81.31%

Peoples Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
72.80%

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 710 Main Street, Suite 30 Collins, MS 39428 Full Service B&M $62,378
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

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