Peoples Bank Mortgage Rates, Fees & Info

Mendenhall, MS

LEI: 54930032OCUOR526IR93

Tax ID: 64-0220470

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Mortgage Data

Bank Data

Review & Overview

Peoples Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. They have a a high proportion of FHA loans. Peoples Bank has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Los Angeles, Charleston, Hattiesburg, and Boston among others. We have data for 153 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 an average 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 6.60% 3/28/24
30 Year Conventional Refi 6.59% 3/28/24
30 Year Cash-out Refi 6.59% 3/28/24
30 Year FHA Purchase 7.41% 3/28/24
30 Year FHA Refi 7.48% 3/28/24
30 Year VA Purchase 6.38% 3/28/24
30 Year USDA Purchase 7.10% 3/28/24
15 Year Conventional Purchase 7.67% 3/28/24
15 Year Conventional Refi 9.72% 3/28/24
15 Year Cash-out Refi 9.72% 3/28/24
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.

Peoples Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Peoples Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

552

Origination Dollar Volume (All Markets)

$110,070,000

Employee count

127

Awards

Peoples Bank 30 Year Conventional Loans silver Peoples Bank FHA Loans gold
Show all (2) awards

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) 120 $18,800,000 $156,667 $3,537 6.04%
Outside of Metro Areas 41 $5,365,000 $130,854 $5,628 5.71%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $5,100,000 $510,000 $11,573 4.10%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 10 $3,150,000 $315,000 $5,986 3.75%
HATTIESBURG, MS (FHA|USDA|VA) 38 $2,760,000 $72,632 $1,962 8.08%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,670,000 $445,000 $10,791 4.29%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,185,000 $312,143 $10,904 4.16%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $2,160,000 $216,000 $9,247 4.51%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $2,075,000 $415,000 $9,761 4.40%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,970,000 $246,250 $8,397 4.08%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $1,795,000 $256,429 $9,832 4.21%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,660,000 $207,500 $6,291 4.27%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,645,000 $182,778 $7,876 4.21%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,555,000 $222,143 $7,452 3.96%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,510,000 $251,667 $7,679 4.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,500,000 $375,000 $7,298 4.72%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $1,445,000 $206,429 $8,202 4.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,445,000 $206,429 $7,455 4.16%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,430,000 $357,500 $8,444 4.03%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,390,000 $231,667 $8,114 4.40%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,295,000 $431,667 $4,857 4.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $1,275,000 $255,000 $7,411 4.30%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,225,000 $408,333 $12,108 4.46%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,160,000 $290,000 $7,004 4.56%
MEDFORD, OR (FHA|USDA|VA) 4 $1,140,000 $285,000 $8,665 4.19%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,090,000 $272,500 $6,815 4.34%
BELLINGHAM, WA (FHA|USDA|VA) 2 $1,070,000 $535,000 $6,598 5.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,060,000 $265,000 $9,922 4.16%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,045,000 $348,333 $11,139 3.96%
LOUISVILLE, KY (FHA|USDA|VA) 4 $970,000 $242,500 $8,331 4.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $925,000 $185,000 $6,406 4.35%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $895,000 $179,000 $5,926 4.43%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $885,000 $177,000 $6,387 4.85%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $865,000 $288,333 $7,229 3.75%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $850,000 $425,000 $5,312 3.69%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $825,000 $275,000 $8,722 4.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $800,000 $200,000 $6,891 4.78%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $780,000 $130,000 $5,839 4.56%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $715,000 $238,333 $9,074 4.33%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $660,000 $330,000 $8,732 4.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $645,000 $215,000 $6,475 4.08%
WICHITA, KS (FHA|USDA|VA) 3 $625,000 $208,333 $8,058 4.63%
Starkville, MS (FHA|USDA|VA) 3 $625,000 $208,333 $2,594 8.77%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $620,000 $310,000 $10,683 4.56%
LANCASTER, PA (FHA|USDA|VA) 3 $615,000 $205,000 $8,944 4.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $610,000 $305,000 $7,033 4.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $605,000 $201,667 $5,504 5.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $530,000 $265,000 $5,529 3.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $520,000 $260,000 $8,877 4.88%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $520,000 $260,000 $8,535 4.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $475,000 $475,000 $4,130 4.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $445,000 $148,333 $7,702 3.83%
DOVER, DE (FHA|USDA|VA) 2 $440,000 $220,000 $6,494 4.38%
EL PASO, TX (FHA|USDA|VA) 2 $430,000 $215,000 $6,126 4.19%
RICHMOND, VA (FHA|USDA|VA) 2 $410,000 $205,000 $6,475 5.06%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $410,000 $205,000 $8,057 4.38%
BILLINGS, MT (FHA|USDA|VA) 2 $390,000 $195,000 $6,049 4.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $390,000 $195,000 $8,591 4.31%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $390,000 $195,000 $6,688 4.94%
VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $17,372 4.13%
STOCKTON, CA (FHA|USDA|VA) 1 $385,000 $385,000 $10,313 5.13%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $380,000 $190,000 $6,861 4.50%
TULSA, OK (FHA|USDA|VA) 2 $380,000 $190,000 $6,683 3.88%
Jackson, WY-ID (FHA|USDA|VA) 1 $375,000 $375,000 $11,641 4.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $360,000 $180,000 $8,792 4.19%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $350,000 $175,000 $9,896 4.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $330,000 $165,000 $4,553 3.94%
SALEM, OR (FHA|USDA|VA) 1 $325,000 $325,000 $12,025 5.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $320,000 $160,000 $5,164 4.69%
Rock Springs, WY (FHA|USDA|VA) 1 $315,000 $315,000 $12,034 5.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $315,000 $315,000 $10,091 3.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $310,000 $155,000 $6,128 4.06%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $310,000 $155,000 $10,982 6.31%
COLUMBIA, SC (FHA|USDA|VA) 2 $300,000 $150,000 $4,442 4.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,562 3.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $295,000 $295,000 $5,625 3.38%
Roswell, NM (FHA|USDA|VA) 1 $285,000 $285,000 $8,142 4.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $9,873 4.13%
Lexington, NE (FHA|USDA|VA) 1 $265,000 $265,000 $8,300 4.63%
SAVANNAH, GA (FHA|USDA|VA) 1 $265,000 $265,000 $5,792 3.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $265,000 $265,000 $9,796 4.00%
BEND, OR (FHA|USDA|VA) 1 $255,000 $255,000 $6,537 4.00%
MONROE, MI (FHA|USDA|VA) 1 $255,000 $255,000 $10,861 3.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $9,700 4.50%
RAPID CITY, SD (FHA|USDA|VA) 1 $255,000 $255,000 $8,576 4.13%
UTICA-ROME, NY (FHA|USDA|VA) 1 $255,000 $255,000 $12,640 4.63%
REDDING, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,883 3.50%
GAINESVILLE, GA (FHA|USDA|VA) 1 $245,000 $245,000 $8,677 4.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $245,000 $245,000 $9,732 4.13%
ALBANY, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,935 4.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $4,006 3.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $235,000 $235,000 $5,260 3.50%
Whitewater, WI (FHA|USDA|VA) 1 $235,000 $235,000 $7,485 4.13%
Tupelo, MS (FHA|USDA|VA) 1 $235,000 $235,000 $10,866 5.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $230,000 $115,000 $5,440 4.25%
Baraboo, WI (FHA|USDA|VA) 1 $225,000 $225,000 $7,127 5.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $225,000 $225,000 $7,262 4.63%
Laurel, MS (FHA|USDA|VA) 3 $225,000 $75,000 $4,485 8.13%
AKRON, OH (FHA|USDA|VA) 2 $220,000 $110,000 $5,473 4.94%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $8,443 4.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $215,000 $215,000 $7,062 4.63%
KNOXVILLE, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,048 4.63%
Elizabeth City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $9,965 3.63%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $6,934 5.00%
Oxford, MS (FHA|USDA|VA) 1 $205,000 $205,000 $1,241 3.63%
Lebanon, NH-VT (FHA|USDA|VA) 1 $205,000 $205,000 $6,079 4.50%
SALINAS, CA (FHA|USDA|VA) 1 $205,000 $205,000 $9,074 3.63%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $205,000 $205,000 $7,612 5.13%
VALDOSTA, GA (FHA|USDA|VA) 1 $195,000 $195,000 $6,175 4.50%
Athens, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,869 4.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $6,817 5.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $185,000 $185,000 $7,208 4.63%
Corinth, MS (FHA|USDA|VA) 1 $185,000 $185,000 $7,191 5.13%
VISALIA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $8,580 5.50%
Auburn, NY (FHA|USDA|VA) 1 $185,000 $185,000 $7,530 5.50%
ST. CLOUD, MN (FHA|USDA|VA) 1 $185,000 $185,000 $7,219 4.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $6,579 5.63%
Thomasville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,943 4.63%
TOPEKA, KS (FHA|USDA|VA) 1 $175,000 $175,000 $6,020 4.00%
Greenwood, MS (FHA|USDA|VA) 1 $175,000 $175,000 $7,507 4.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,163 4.13%
ROANOKE, VA (FHA|USDA|VA) 1 $175,000 $175,000 $6,394 3.75%
Oneonta, NY (FHA|USDA|VA) 1 $165,000 $165,000 $8,314 5.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,043 4.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $165,000 $165,000 $5,985 3.63%
FRESNO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $5,904 4.38%
DOTHAN, AL (FHA|USDA|VA) 1 $155,000 $155,000 $6,388 4.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,879 4.63%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $145,000 $145,000 $7,214 4.25%
Klamath Falls, OR (FHA|USDA|VA) 1 $135,000 $135,000 $3,469 4.00%
SAGINAW, MI (FHA|USDA|VA) 1 $135,000 $135,000 $6,672 5.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $5,622 4.50%
HAMMOND, LA (FHA|USDA|VA) 5 $125,000 $25,000 $0 11.55%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $125,000 $125,000 $7,273 4.75%
Cedartown, GA (FHA|USDA|VA) 1 $115,000 $115,000 $5,552 4.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,829 3.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,324 4.25%
FLINT, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,414 4.75%
Vicksburg, MS (FHA|USDA|VA) 1 $105,000 $105,000 $5,071 4.63%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $105,000 $105,000 $3,518 4.50%
Waycross, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,015 4.50%
FORT WAYNE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $5,936 4.13%
ROCHESTER, NY (FHA|USDA|VA) 1 $95,000 $95,000 $4,130 5.00%
McAlester, OK (FHA|USDA|VA) 1 $95,000 $95,000 $5,270 4.00%
BATON ROUGE, LA (FHA|USDA|VA) 4 $90,000 $22,500 $0 11.69%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $85,000 $85,000 $5,311 4.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $80,000 $40,000 $0 10.95%
Zanesville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $5,095 3.88%
New Castle, PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,825 4.75%
Mount Airy, NC (FHA|USDA|VA) 1 $65,000 $65,000 $4,590 4.25%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $65,000 $65,000 $5,215 4.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 11.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 11.75%
Peoples Bank's top markets include Jackson, Los Angeles, Charleston, Hattiesburg, and Boston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 279 $63,025,000 $225,896 $8,170 4.36%
    Conventional 198 $28,310,000 $142,980 $2,849 6.98%
    VA 52 $15,390,000 $295,962 $6,861 4.14%
    USDA 23 $3,345,000 $145,435 $4,539 4.29%

    For 2019, Peoples Bank's most frequently originated type of loan was FHA, with 279 originations. Their 2nd most popular type was Conventional, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 287 $51,195,000 $178,380 $6,894 5.50%
    Cash Out Refi 134 $32,820,000 $244,925 $7,761 4.33%
    Refi 102 $24,300,000 $238,235 $5,178 5.36%
    Home Improvement 22 $1,060,000 $48,182 $2,633 7.28%
    Other 7 $695,000 $99,286 $3,612 6.59%

    For 2019, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 287 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 363 $88,775,000 $244,559 $7,313 4.33%
    15 Year 79 $7,635,000 $96,646 $3,852 7.52%
    10 Year 35 $1,985,000 $56,714 $2,127 7.52%
    20 Year 29 $6,085,000 $209,828 $5,909 5.01%
    Other 26 $2,920,000 $112,308 $4,329 7.00%
    5 Year 15 $1,345,000 $89,667 $1,268 7.90%
    1 Year 3 $465,000 $155,000 $0 7.17%
    3 Year 2 $860,000 $430,000 $0 7.83%

    For 2019, Peoples Bank's most frequently cited loan duration was 30 Year, with 363 originations. The 2nd most popular length was 15 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 221 $48,535,000 $219,615
    $<1k 95 $13,655,000 $143,737
    $2k-3k 76 $18,660,000 $245,526
    $3k-4k 26 $8,270,000 $318,077
    $4k-5k 20 $6,270,000 $313,500
    $5k+ 13 $4,655,000 $358,077

    Peoples Bank's average total fees were $7,313, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 222 $52,210,000 $235,180
    3-4% 146 $37,180,000 $254,658
    Over 8% 65 $3,385,000 $52,077
    5-6% 52 $9,270,000 $178,269
    7-8% 39 $4,055,000 $103,974
    6-7% 26 $3,440,000 $132,308
    2.5-3% 2 $530,000 $265,000

    During 2019, Peoples Bank's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 222 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 214 $59,180,000 $276,542 $8,232 4.37%
    $100k-200k 155 $22,945,000 $148,032 $5,806 4.84%
    $100,000 or less 143 $7,235,000 $50,594 $3,155 7.36%
    $400k-600k 31 $14,315,000 $461,774 $7,798 4.26%
    $600k-1MM 9 $6,395,000 $710,556 $11,143 4.84%

    2019 saw Peoples Bank place emphasis on $200k-400k loans with 214 originations, totaling $59,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 137 $37,165,000 $271,277 $8,235 4.78%
    $50k-75k 115 $16,785,000 $145,957 $5,631 5.17%
    $75k-100k 109 $22,275,000 $204,358 $7,346 4.68%
    $50k or less 95 $7,255,000 $76,368 $3,990 6.75%
    $150k-250k 47 $14,105,000 $300,106 $8,205 4.96%
    $250k+ 11 $2,945,000 $267,727 $7,352 5.68%

    Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 137 originations. The second most popular income band? $50k-75k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $24,080,000 $191,111 $6,941 5.28%
    30-36% 99 $20,785,000 $209,949 $7,261 4.91%
    <20% 57 $7,675,000 $134,649 $5,561 6.13%
    36% 25 $5,215,000 $208,600 $6,963 5.05%
    37% 25 $4,525,000 $181,000 $6,651 4.91%
    39% 23 $4,485,000 $195,000 $5,332 5.09%
    40% 20 $4,070,000 $203,500 $7,696 5.73%
    42% 17 $3,985,000 $234,412 $6,566 4.82%
    41% 17 $4,015,000 $236,176 $5,164 4.83%
    38% 15 $2,975,000 $198,333 $5,495 5.53%
    45% 14 $3,340,000 $238,571 $8,051 4.50%
    46% 12 $3,840,000 $320,000 $9,229 4.48%
    47% 12 $2,300,000 $191,667 $6,807 4.64%
    44% 12 $2,700,000 $225,000 $7,421 4.90%
    43% 10 $2,130,000 $213,000 $5,729 4.84%
    48% 9 $1,985,000 $220,556 $7,693 4.39%
    50-60% 8 $320,000 $40,000 $1,087 8.90%
    >60% 7 $815,000 $116,429 $1,102 7.93%
    49% 5 $1,055,000 $211,000 $7,617 4.13%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 390 $81,200,000 $208,205 $6,672 4.98%
    Black 104 $16,250,000 $156,250 $6,153 6.26%
    Not applicable 24 $4,380,000 $182,500 $0 6.82%
    Not provided 15 $3,715,000 $247,667 $8,991 4.35%
    Asian 10 $2,940,000 $294,000 $9,563 5.08%
    American Indian 7 $1,115,000 $159,286 $5,860 4.27%
    Filipino 1 $345,000 $345,000 $10,241 4.63%
    Native Hawaiian or Islander 1 $125,000 $125,000 $6,579 4.00%

    Approval Rates

    Total approvals of all applications
    83.88%

    Peoples Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.83%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 552 $110,070,000 $199,402

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $125,000 $125,000
    Multifamily:Site-Built 6 $880,000 $146,667
    Single Family (1-4 Units):Manufactured 45 $1,855,000 $41,222
    Single Family (1-4 Units):Site-Built 500 $107,210,000 $214,420

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,155,000 $116,852 $4,631 7.18%
    40-60% 60 $8,640,000 $144,000 $5,866 6.14%
    60-80% 157 $31,115,000 $198,185 $6,280 5.57%
    80-100% 283 $63,585,000 $224,682 $7,096 4.65%
    Over 100% 14 $2,310,000 $165,000 $8,793 5.67%
    Under 20% 11 $1,265,000 $115,000 $1,084 7.28%

    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 129 Center Street Richland, MS 39218 Full Service B&M $11,139
    Peoples Bank 160 E. Maud Avenue Mendenhall, MS 39114 Full Service B&M $129,980
    Peoples Bank 165 West Jackson Avenue Mendenhall, MS 39114 Full Service B&M $32,870
    Peoples Bank 611 Fifth Avenue Magee, MS 39111 Full Service B&M $63,919
    Peoples Bank 710 Main Street, Suite 30 Collins, MS 39428 Full Service B&M $43,264

    For 2019, Peoples Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,804
    Net interest income $15,284
    Total noninterest income $8,887
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,573
    Trading account gains and fees $0
    Additional Noninterest Income $7,314
    Pre-tax net operating income $7,795
    Securities gains (or losses, -) $72
    Income before extraordinary items $7,867
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,867
    Minority interest net income $0
    Net income $7,867
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,795

    Peoples Bank's gross interest income from loans was $18,804,000.
    Peoples Bank's net interest income from loans was $15,284,000.
    Peoples Bank's fee based income from loans was $1,573,000.
    Peoples Bank's net income from loans was $7,867,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,520
    Provision for credit losses $1,124
    Total noninterest expense $15,252
    Salaries and employee benefits $10,061
    Premises and equipment expense $1,228
    Additional noninterest expense $3,963
    Applicable income taxes $0
    Net charge-offs $1,057
    Cash dividends $6,240

    Peoples Bank's interest expense for loans was $3,520,000.
    Peoples Bank's payroll and benefits expense were $10,061,000.
    Peoples Bank's property, plant and equipment expenses $1,228,000.

    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 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 6.0%
    HELOC loans 0.0%
    All other family 6.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $274,080
    Deposits held in domestic offices $274,080
    Deposits by Individuals, partnerships, and corporations $224,288
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,590
    Deposits by Commercial banks and other depository institutions in U.S. $29,202
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $102,525
    Demand deposits $46,037
    Nontransaction accounts $171,555
    Money market deposit accounts (MMDAs) $21,593
    Other savings deposits (excluding MMDAs) $18,739
    Total time deposits $131,224
    Total time and savings deposits $228,043
    Noninterest-bearing deposits $46,127
    Interest-bearing deposits $227,953
    Retail deposits $260,580
    IRAs and Keogh plan accounts $14,201
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $309,299
    Cash & Balances due from depository institutions $15,774
    Interest-bearing balances $9,895
    Total securities $34,184
    Federal funds sold & reverse repurchase $0
    Net loans and leases $243,971
    Loan and leases loss allowance $3,120
    Trading account assets $0
    Bank premises and fixed assets $2,742
    Other real estate owned $3,467
    Goodwill and other intangibles $0
    All other assets $9,161

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $309,299
    Total Liabilities $277,659
    Total deposits $274,080
    Interest-bearing deposits $227,953
    Deposits held in domestic offices $274,080
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,919
    Subordinated debt $0
    All other liabilities $660

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $243,971
    Loan and leases loss allowance $3,120
    Total loans and leases (domestic) $247,091
    All real estate loans $184,595
    Real estate loans in domestic offices $184,595
    Construction and development loans $5,685
    Residential 1-4 family construction $4,090
    Other construction, all land development and other land $1,595
    Loans secured by nonfarm nonresidential properties $67,994
    Nonfarm nonresidential secured by owner-occupied properties $60,943
    Commercial real estate & other non-farm, non-residential $7,051
    Multifamily residential real estate $4,354
    1-4 family residential loans $53,414
    Farmland loans $53,148
    Loans held in foreign offices $0
    Farm loans $10,909
    Commercial and industrial loans $37,495
    To non-U.S. addressees $0
    Loans to individuals $12,620
    Credit card loans $0
    Related Plans $73
    Consumer Auto Loans $2,623
    Other loans to individuals $9,924
    All other loans & leases $1,894
    Loans to foreign governments and official institutions $0
    Other loans $604
    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 $2,758
    Non 1-4 family restructured loans & leases $2,758
    Total loans and leases (foreign) $0

    Peoples Bank had $243,971,000 of loans outstanding in 2019. $184,595,000 of loans were in real estate loans. $5,685,000 of loans were in development loans. $4,354,000 of loans were in multifamily mortgage loans. $53,414,000 of loans were in 1-4 family mortgage loans. $10,909,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,623,000 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 327 $42,223 $129,122
    Nonfarm, nonresidential loans - <$100k 178 $5,161 $28,994
    Nonfarm, nonresidential loans - $100-250k 61 $6,543 $107,262
    Nonfarm, nonresidential loans - $250k-1MM 88 $30,519 $346,807
    Commercial & Industrial, US addressed loans - <$1MM 926 $28,958 $31,272
    Commercial & Industrial, US addressed loans - <$100k 834 $13,583 $16,287
    Commercial & Industrial, US addressed loans - $100-250k 58 $6,369 $109,810
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $9,006 $264,882
    Farmland loans - <$1MM 466 $29,551 $63,414
    Farmland loans - <$100k 319 $9,186 $28,796
    Farmland loans - $100-250k 103 $9,921 $96,320
    Farmland loans - $250k-1MM 44 $10,444 $237,364
    Agriculture operations loans - <$1MM 304 $8,165 $26,859
    Agriculture operations loans - <$100k 285 $5,048 $17,712
    Agriculture operations loans - $100-250k 12 $1,237 $103,083
    Agriculture operations loans - $250k-1MM 7 $1,880 $268,571