Peoples Bank Mortgage Rates, Fees & Info

Mendenhall, MS

LEI: 54930032OCUOR526IR93

Tax ID: 64-0220470

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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 a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Charleston, Los Angeles, San Diego, and Riverside among others. We have data for 164 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%	4/18/24
30 Year Conventional Refi	6.59%	4/18/24
30 Year Cash-out Refi	6.59%	4/18/24
30 Year FHA Purchase	7.41%	4/18/24
30 Year FHA Refi	7.48%	4/18/24
30 Year VA Purchase	6.38%	4/18/24
30 Year USDA Purchase	7.10%	4/18/24
15 Year Conventional Purchase	7.67%	4/18/24
15 Year Conventional Refi	9.72%	4/18/24
15 Year Cash-out Refi	9.72%	4/18/24
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

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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

497

Origination Dollar Volume (All Markets)

$105,565,000

Employee count

130

Awards

Peoples Bank 30 Year Conventional Loans silver

Peoples Bank 30 Year Conventional Loans gold

Show all (4) 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)	108	$17,830,000	$165,093	$3,377	4.57%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	17	$5,385,000	$316,765	$4,445	2.56%
Outside of Metro Areas	36	$4,600,000	$127,778	$4,376	5.76%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	10	$3,860,000	$386,000	$8,512	3.26%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	6	$2,800,000	$466,667	$7,361	2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	6	$2,330,000	$388,333	$8,385	2.73%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	9	$2,255,000	$250,556	$7,029	3.04%
HATTIESBURG, MS (FHA\|USDA\|VA)	23	$1,945,000	$84,565	$2,447	6.23%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	6	$1,890,000	$315,000	$7,568	2.98%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	5	$1,795,000	$359,000	$12,171	2.95%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	8	$1,690,000	$211,250	$7,874	3.27%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	6	$1,530,000	$255,000	$11,087	3.15%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	5	$1,505,000	$301,000	$7,141	3.37%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	3	$1,495,000	$498,333	$9,356	2.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	7	$1,425,000	$203,571	$6,948	3.34%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	5	$1,375,000	$275,000	$7,335	3.15%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	6	$1,350,000	$225,000	$8,703	3.29%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	3	$1,255,000	$418,333	$9,692	4.47%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	6	$1,180,000	$196,667	$4,220	3.29%
JACKSONVILLE, FL (FHA\|USDA\|VA)	5	$1,165,000	$233,000	$6,592	2.93%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	5	$1,115,000	$223,000	$6,104	3.15%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	5	$1,095,000	$219,000	$7,460	2.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	5	$1,085,000	$217,000	$7,886	3.20%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	5	$1,035,000	$207,000	$6,331	3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	3	$1,015,000	$338,333	$5,475	2.58%
Oxford, MS (FHA\|USDA\|VA)	4	$930,000	$232,500	$3,111	2.69%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	3	$915,000	$305,000	$9,595	3.17%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	2	$910,000	$455,000	$11,560	2.94%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	3	$845,000	$281,667	$5,532	3.42%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	4	$810,000	$202,500	$7,274	3.72%
WORCESTER, MA-CT (FHA\|USDA\|VA)	2	$750,000	$375,000	$5,898	2.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	3	$745,000	$248,333	$9,154	3.42%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$740,000	$185,000	$6,704	3.41%
RICHMOND, VA (FHA\|USDA\|VA)	2	$700,000	$350,000	$5,765	2.69%
MEDFORD, OR (FHA\|USDA\|VA)	2	$680,000	$340,000	$7,784	2.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	3	$645,000	$215,000	$3,694	3.17%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	2	$630,000	$315,000	$13,393	3.06%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	2	$630,000	$315,000	$5,302	2.94%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	4	$580,000	$145,000	$4,873	3.38%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	2	$570,000	$285,000	$8,993	3.50%
DOVER, DE (FHA\|USDA\|VA)	2	$560,000	$280,000	$11,313	2.94%
MONTGOMERY, AL (FHA\|USDA\|VA)	2	$540,000	$270,000	$9,383	3.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$540,000	$270,000	$5,410	2.50%
MODESTO, CA (FHA\|USDA\|VA)	2	$540,000	$270,000	$7,427	3.19%
JACKSON, TN (FHA\|USDA\|VA)	2	$540,000	$270,000	$6,694	3.19%
NAPA, CA (FHA\|USDA\|VA)	1	$515,000	$515,000	$12,404	4.25%
PROVO-OREM, UT (FHA\|USDA\|VA)	2	$510,000	$255,000	$13,050	3.00%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	2	$490,000	$245,000	$5,296	2.75%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	2	$490,000	$245,000	$8,204	4.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	3	$485,000	$161,667	$6,689	3.58%
Vicksburg, MS (FHA\|USDA\|VA)	2	$460,000	$230,000	$2,864	2.81%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	2	$450,000	$225,000	$6,895	3.44%
SAVANNAH, GA (FHA\|USDA\|VA)	2	$430,000	$215,000	$9,931	3.88%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$425,000	$425,000	$12,720	2.63%
Laurel, MS (FHA\|USDA\|VA)	6	$420,000	$70,000	$2,313	6.60%
VALLEJO, CA (FHA\|USDA\|VA)	1	$405,000	$405,000	$11,523	2.63%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	2	$400,000	$200,000	$4,006	3.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$385,000	$385,000	$12,278	3.25%
ASHEVILLE, NC (FHA\|USDA\|VA)	1	$385,000	$385,000	$3,984	2.88%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	2	$380,000	$190,000	$7,895	4.06%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$365,000	$121,667	$6,926	3.08%
READING, PA (FHA\|USDA\|VA)	2	$360,000	$180,000	$7,589	3.00%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$355,000	$355,000	$6,022	2.88%
MIDLAND, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$11,710	3.38%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	2	$340,000	$170,000	$6,354	3.13%
TUSCALOOSA, AL (FHA\|USDA\|VA)	1	$335,000	$335,000	$10,137	2.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$335,000	$335,000	$10,305	3.63%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	1	$325,000	$325,000	$9,285	2.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	1	$325,000	$325,000	$5,585	3.50%
Wilson, NC (FHA\|USDA\|VA)	2	$320,000	$160,000	$4,925	3.69%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	2	$320,000	$160,000	$6,960	3.38%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	2	$320,000	$160,000	$7,360	2.75%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$315,000	$315,000	$9,649	2.63%
LANCASTER, PA (FHA\|USDA\|VA)	1	$315,000	$315,000	$12,163	3.63%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	1	$315,000	$315,000	$9,826	3.13%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	1	$315,000	$315,000	$9,979	3.13%
RENO, NV (FHA\|USDA\|VA)	1	$305,000	$305,000	$9,059	3.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$305,000	$305,000	$11,930	3.13%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,515	2.75%
CARSON CITY, NV (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,839	3.00%
TULSA, OK (FHA\|USDA\|VA)	1	$305,000	$305,000	$12,236	2.25%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$295,000	$295,000	$9,115	3.00%
WICHITA, KS (FHA\|USDA\|VA)	1	$285,000	$285,000	$11,016	3.63%
London, KY (FHA\|USDA\|VA)	1	$285,000	$285,000	$9,010	3.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	1	$285,000	$285,000	$12,748	4.13%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$285,000	$285,000	$9,879	3.00%
Auburn, IN (FHA\|USDA\|VA)	1	$275,000	$275,000	$8,574	3.00%
Findlay, OH (FHA\|USDA\|VA)	1	$265,000	$265,000	$9,072	4.13%
Madison, IN (FHA\|USDA\|VA)	1	$265,000	$265,000	$6,167	4.50%
SIERRA VISTA-DOUGLAS, AZ (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,739	2.63%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$255,000	$255,000	$8,118	3.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,899	3.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	1	$245,000	$245,000	$8,449	2.75%
MANKATO, MN (FHA\|USDA\|VA)	1	$235,000	$235,000	$8,432	2.50%
Baraboo, WI (FHA\|USDA\|VA)	1	$235,000	$235,000	$5,154	3.13%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$235,000	$235,000	$8,622	3.13%
FORT WAYNE, IN (FHA\|USDA\|VA)	1	$235,000	$235,000	$11,103	2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,512	3.13%
TYLER, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$10,092	2.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$225,000	$225,000	$7,392	3.50%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	1	$225,000	$225,000	$7,702	2.38%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,334	2.99%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	1	$215,000	$215,000	$7,834	4.63%
LEBANON, PA (FHA\|USDA\|VA)	1	$215,000	$215,000	$8,730	2.88%
Sanford, NC (FHA\|USDA\|VA)	1	$215,000	$215,000	$11,235	3.13%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	6.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,819	3.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$205,000	$205,000	$7,915	2.88%
Port Angeles, WA (FHA\|USDA\|VA)	1	$205,000	$205,000	$7,379	2.75%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$7,547	4.13%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$8,168	3.88%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$195,000	$195,000	$6,756	3.50%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$7,611	2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	1	$195,000	$195,000	$6,863	3.13%
Platteville, WI (FHA\|USDA\|VA)	1	$195,000	$195,000	$6,812	2.88%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$195,000	$195,000	$7,276	3.13%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	1	$185,000	$185,000	$8,992	3.50%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$8,616	2.75%
OCALA, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,402	2.75%
Orangeburg, SC (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,634	2.50%
Pahrump, NV (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,861	2.88%
BATTLE CREEK, MI (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,478	2.75%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,437	3.13%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,335	3.75%
Clarksdale, MS (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,217	2.50%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,054	2.25%
Columbus, NE (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,233	3.00%
Indiana, PA (FHA\|USDA\|VA)	1	$175,000	$175,000	$7,759	2.88%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,324	2.25%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,354	3.25%
Granbury, TX (FHA\|USDA\|VA)	1	$155,000	$155,000	$10,132	3.50%
TOPEKA, KS (FHA\|USDA\|VA)	1	$155,000	$155,000	$8,313	2.25%
Lock Haven, PA (FHA\|USDA\|VA)	1	$155,000	$155,000	$7,075	4.00%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,076	2.75%
DALTON, GA (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,222	2.75%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	3.37%
AKRON, OH (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,183	2.88%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,591	3.63%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,703	3.13%
ST. CLOUD, MN (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,787	3.75%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$7,152	2.88%
Newport, TN (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,529	4.00%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,057	2.75%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$115,000	$115,000	$5,929	2.88%
YUBA CITY, CA (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,205	3.75%
Coldwater, MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$5,069	2.75%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,071	2.50%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,628	2.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$105,000	$105,000	$5,409	3.75%
PEORIA, IL (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,981	2.63%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,712	3.50%
MOBILE, AL (FHA\|USDA\|VA)	1	$95,000	$95,000	$6,059	3.75%
Mount Vernon, OH (FHA\|USDA\|VA)	1	$95,000	$95,000	$5,548	2.75%
Big Rapids, MI (FHA\|USDA\|VA)	1	$95,000	$95,000	$1,828	2.75%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,209	4.00%
North Wilkesboro, NC (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,055	3.75%
Starkville, MS (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	6.75%
ALBANY, GA (FHA\|USDA\|VA)	1	$75,000	$75,000	$5,039	4.00%
Marion, OH (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,658	3.25%
FLORENCE-MUSCLE SHOALS, AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$4,534	4.00%
Lebanon, MO (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,991	3.00%
LAFAYETTE, LA (FHA\|USDA\|VA)	1	$55,000	$55,000	$4,411	2.75%
Columbus, MS (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	11.37%
West Point, MS (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	12.23%

Peoples Bank's top markets include Jackson, Charleston, Los Angeles, San Diego, and Riverside among others.

Their top states include:

Mississippi (FHA|USDA|VA)

California (FHA|USDA|VA)

Florida (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Texas (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
FHA	232	$53,630,000	$231,164	$8,417	3.21%
Conventional	224	$40,130,000	$179,152	$3,058	4.70%
VA	35	$10,915,000	$311,857	$5,678	2.98%
USDA	6	$890,000	$148,333	$4,564	3.96%

For 2020, Peoples Bank's most frequently originated type of loan was FHA, with 232 originations. Their 2nd most popular type was Conventional, with 224 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	211	$44,575,000	$211,256	$7,386	3.93%
Cash Out Refi	147	$33,865,000	$230,374	$6,575	3.16%
Refi	119	$26,415,000	$221,975	$4,026	3.99%
Home Improvement	16	$580,000	$36,250	$1,789	7.72%
Other	4	$130,000	$32,500	$1,133	8.24%

For 2020, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 211 originations. The 2nd most popular reason was Cash Out Refi, with 147 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	339	$84,665,000	$249,749	$6,903	3.12%
15 Year	61	$9,025,000	$147,951	$3,288	4.99%
20 Year	29	$6,935,000	$239,138	$5,279	3.49%
Other	27	$2,545,000	$94,259	$2,576	6.37%
10 Year	26	$2,070,000	$79,615	$2,491	6.62%
5 Year	12	$210,000	$17,500	$1,336	7.95%
3 Year	2	$10,000	$5,000	$0	9.21%
1 Year	1	$105,000	$105,000	$0	5.00%

For 2020, Peoples Bank's most frequently cited loan duration was 30 Year, with 339 originations. The 2nd most popular length was 15 Year, with 61 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	230	$54,270,000	$235,957
$<1k	88	$14,750,000	$167,614
$2k-3k	60	$15,190,000	$253,167
$5k+	20	$7,250,000	$362,500
$4k-5k	17	$4,855,000	$285,588
$3k-4k	13	$3,185,000	$245,000

Peoples Bank's average total fees were $6,903, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 230 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	166	$42,050,000	$253,313
3-4%	136	$29,640,000	$217,941
<2.5%	69	$18,445,000	$267,319
4-5%	41	$9,625,000	$234,756
Over 8%	34	$1,710,000	$50,294
6-7%	20	$1,560,000	$78,000
7-8%	18	$850,000	$47,222
5-6%	13	$1,685,000	$129,615

During 2020, Peoples Bank's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 166 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	204	$56,640,000	$277,647	$7,370	3.11%
$100k-200k	146	$22,640,000	$155,068	$5,099	3.32%
$100,000 or less	106	$5,500,000	$51,887	$2,897	6.39%
$400k-600k	34	$15,970,000	$469,706	$8,055	3.10%
$600k-1MM	7	$4,815,000	$687,857	$11,241	3.30%

2020 saw Peoples Bank place emphasis on $200k-400k loans with 204 originations, totaling $56,640,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$75k-100k	113	$24,615,000	$217,832	$6,513	3.47%
$100k-150k	112	$29,070,000	$259,554	$7,030	3.36%
$50k-75k	91	$14,745,000	$162,033	$6,019	4.03%
$50k or less	76	$7,660,000	$100,789	$4,274	4.83%
$150k-250k	68	$20,040,000	$294,706	$6,632	3.64%
$250k+	15	$4,165,000	$277,667	$7,406	5.03%

Peoples Bank lent most frequently to those with incomes in the $75k-100k range, with 113 originations. The second most popular income band? $100k-150k, with 112 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	134	$27,290,000	$203,657	$6,244	3.74%
30-36%	95	$22,805,000	$240,053	$6,109	3.41%
<20%	66	$13,030,000	$197,424	$5,778	4.03%
40%	21	$4,985,000	$237,381	$7,322	3.66%
39%	18	$3,240,000	$180,000	$4,884	4.58%
37%	18	$3,320,000	$184,444	$6,568	3.89%
36%	15	$2,955,000	$197,000	$6,662	3.97%
46%	12	$2,880,000	$240,000	$7,857	3.66%
43%	12	$2,120,000	$176,667	$4,509	3.83%
44%	12	$3,080,000	$256,667	$6,744	3.71%
42%	11	$2,195,000	$199,545	$5,063	3.58%
41%	10	$2,130,000	$213,000	$7,303	3.46%
50-60%	10	$2,130,000	$213,000	$8,905	6.17%
38%	10	$1,840,000	$184,000	$4,450	4.46%
45%	10	$2,160,000	$216,000	$8,821	3.90%
48%	7	$1,265,000	$180,714	$6,355	4.33%
47%	7	$1,365,000	$195,000	$7,357	4.50%
49%	5	$1,075,000	$215,000	$6,201	3.40%
>60%	2	$430,000	$215,000	$0	6.25%

Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 95 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	376	$78,370,000	$208,431	$5,957	3.75%
Black	69	$13,165,000	$190,797	$6,684	4.64%
Not provided	20	$5,420,000	$271,000	$7,349	3.00%
Asian	13	$4,775,000	$367,308	$8,223	3.03%
Not applicable	12	$1,740,000	$145,000	$0	6.35%
American Indian	3	$975,000	$325,000	$5,237	3.00%
Native Hawaiian or Islander	3	$715,000	$238,333	$9,201	3.38%
Chinese	1	$405,000	$405,000	$2,864	2.99%

Approval Rates

Total approvals of all applications
77.63%

Peoples Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
70.22%

Peoples Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	497	$105,565,000	$212,404

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$850,000	$425,000
Single Family (1-4 Units):Manufactured	32	$1,050,000	$32,813
Single Family (1-4 Units):Site-Built	463	$103,665,000	$223,898

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	22	$1,530,000	$69,545	$3,631	5.43%
40-60%	83	$15,165,000	$182,711	$4,476	4.32%
60-80%	177	$36,515,000	$206,299	$5,337	3.84%
80-100%	211	$51,985,000	$246,374	$7,679	3.53%
Over 100%	1	$175,000	$175,000	$4,570	3.75%
Under 20%	3	$195,000	$65,000	$4,594	6.91%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
Peoples Home Equity, Inc.	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
Peoples Home Equity, Inc.	VA mortgage	Trouble during payment process	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Peoples Bank	129 Center Street Richland, MS 39218	Full Service B&M	$11,855
Peoples Bank	160 E. Maud Avenue Mendenhall, MS 39114	Full Service B&M	$144,515
Peoples Bank	165 West Jackson Avenue Mendenhall, MS 39114	Full Service B&M	$43,234
Peoples Bank	611 Fifth Avenue Magee, MS 39111	Full Service B&M	$91,252
Peoples Bank	710 Main Street, Suite 30 Collins, MS 39428	Full Service B&M	$52,749

For 2020, Peoples Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$19,208
Net interest income	$16,189
Total noninterest income	$15,400
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$892
Trading account gains and fees	$0
Additional Noninterest Income	$14,508
Pre-tax net operating income	$12,961
Securities gains (or losses, -)	$0
Income before extraordinary items	$12,961
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,961
Minority interest net income	$0
Net income	$12,961
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$12,961

Peoples Bank's gross interest income from loans was $19,208,000.
Peoples Bank's net interest income from loans was $16,189,000.
Peoples Bank's fee based income from loans was $892,000.
Peoples Bank's net income from loans was $12,961,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,019
Provision for credit losses	$1,458
Total noninterest expense	$17,170
Salaries and employee benefits	$11,303
Premises and equipment expense	$1,372
Additional noninterest expense	$4,495
Applicable income taxes	$0
Net charge-offs	$436
Cash dividends	$10,075

Peoples Bank's interest expense for loans was $3,019,000.
Peoples Bank's payroll and benefits expense were $11,303,000.
Peoples Bank's property, plant and equipment expenses $1,372,000.

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	6.0%
Nonfarm, nonresidential loans	3.0%
Multifamily residential loans	0.0%
1-4 family residential loans	6.0%
HELOC loans	0.0%
All other family	6.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	0.0%
Other individual loans	1.0%
Auto loans	1.0%
Other consumer loans	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$343,490
Deposits held in domestic offices	$343,490
Deposits by Individuals, partnerships, and corporations	$290,274
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$32,027
Deposits by Commercial banks and other depository institutions in U.S.	$21,189
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$157,839
Demand deposits	$86,371
Nontransaction accounts	$185,651
Money market deposit accounts (MMDAs)	$26,354
Other savings deposits (excluding MMDAs)	$33,954
Total time deposits	$125,343
Total time and savings deposits	$257,119
Noninterest-bearing deposits	$79,046
Interest-bearing deposits	$264,444
Retail deposits	$320,425
IRAs and Keogh plan accounts	$13,975
Brokered deposits	$5,001
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$393,586
Cash & Balances due from depository institutions	$25,163
Interest-bearing balances	$16,752
Total securities	$33,452
Federal funds sold & reverse repurchase	$0
Net loans and leases	$310,960
Loan and leases loss allowance	$4,142
Trading account assets	$0
Bank premises and fixed assets	$9,296
Other real estate owned	$1,773
Goodwill and other intangibles	$0
All other assets	$12,942

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$393,586
Total Liabilities	$354,635
Total deposits	$343,490
Interest-bearing deposits	$264,444
Deposits held in domestic offices	$343,490
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$10,509
Subordinated debt	$0
All other liabilities	$636

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$310,960
Loan and leases loss allowance	$4,142
Total loans and leases (domestic)	$315,102
All real estate loans	$192,084
Real estate loans in domestic offices	$192,084
Construction and development loans	$9,304
Residential 1-4 family construction	$3,790
Other construction, all land development and other land	$5,514
Loans secured by nonfarm nonresidential properties	$84,813
Nonfarm nonresidential secured by owner-occupied properties	$74,406
Commercial real estate & other non-farm, non-residential	$10,407
Multifamily residential real estate	$3,015
1-4 family residential loans	$49,138
Farmland loans	$45,814
Loans held in foreign offices	$0
Farm loans	$10,127
Commercial and industrial loans	$99,286
To non-U.S. addressees	$0
Loans to individuals	$12,196
Credit card loans	$0
Related Plans	$55
Consumer Auto Loans	$2,958
Other loans to individuals	$9,183
All other loans & leases	$1,437
Loans to foreign governments and official institutions	$0
Other loans	$247
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	$871
Non 1-4 family restructured loans & leases	$794
Total loans and leases (foreign)	$0

Peoples Bank had $310,960,000 of loans outstanding in 2020. $192,084,000 of loans were in real estate loans. $9,304,000 of loans were in development loans. $3,015,000 of loans were in multifamily mortgage loans. $49,138,000 of loans were in 1-4 family mortgage loans. $10,127,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,958,000 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	307	$41,179	$134,134
Nonfarm, nonresidential loans - <$100k	158	$4,539	$28,728
Nonfarm, nonresidential loans - $100-250k	56	$6,116	$109,214
Nonfarm, nonresidential loans - $250k-1MM	93	$30,524	$328,215
Commercial & Industrial, US addressed loans - <$1MM	1,588	$66,468	$41,856
Commercial & Industrial, US addressed loans - <$100k	1,393	$27,197	$19,524
Commercial & Industrial, US addressed loans - $100-250k	122	$14,342	$117,557
Commercial & Industrial, US addressed loans - $250k-1MM	73	$24,929	$341,493
Farmland loans - <$1MM	414	$25,334	$61,193
Farmland loans - <$100k	283	$8,688	$30,700
Farmland loans - $100-250k	94	$8,547	$90,926
Farmland loans - $250k-1MM	37	$8,099	$218,892
Agriculture operations loans - <$1MM	256	$7,358	$28,742
Agriculture operations loans - <$100k	235	$4,168	$17,736
Agriculture operations loans - $100-250k	15	$1,749	$116,600
Agriculture operations loans - $250k-1MM	6	$1,441	$240,167