Peoples First Savings Bank Mortgage Rates, Fees & Info

Mason, OH

LEI: 5493004KSSKCAP8VUU37

Tax ID: 31-0404830

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Peoples First Savings Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Peoples First Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Wilmington, and Dayton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples First Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    183

    Origination Dollar Volume (All Markets)

    $35,925,000

    Employee count

    14

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 175 $34,795,000 $198,829 $0 0.00%
    Wilmington, OH (FHA|USDA|VA) 4 $630,000 $157,500 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    Outside of Metro Areas 2 $180,000 $90,000 $0 0.00%
    Peoples First Savings Bank's top markets include Cincinnati, Wilmington, and Dayton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 183 $35,925,000 $196,311 $0 0.00%

    For 2020, Peoples First Savings Bank's most frequently originated type of loan was Conventional, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 84 $16,820,000 $200,238 $0 0.00%
    Cash Out Refi 49 $8,515,000 $173,776 $0 0.00%
    Home Purchase 43 $8,545,000 $198,721 $0 0.00%
    Home Improvement 6 $1,940,000 $323,333 $0 0.00%
    Other 1 $105,000 $105,000 $0 0.00%

    For 2020, Peoples First Savings Bank's most frequently cited loan purpose was Refi, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 183 $35,925,000 $196,311 $0 0.00%

    For 2020, Peoples First Savings Bank's most frequently cited loan duration was Other, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $11,835,000 $142,590 $0 0.00%
    $200k-400k 70 $19,230,000 $274,714 $0 0.00%
    $100,000 or less 24 $1,860,000 $77,500 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2020 saw Peoples First Savings Bank place emphasis on $100k-200k loans with 83 originations, totaling $11,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $6,620,000 $157,619 $0 0.00%
    $100k-150k 38 $9,340,000 $245,789 $0 0.00%
    $150k-250k 27 $6,935,000 $256,852 $0 0.00%
    $75k-100k 24 $4,760,000 $198,333 $0 0.00%
    $50k or less 21 $2,115,000 $100,714 $0 0.00%
    $250k+ 3 $1,245,000 $415,000 $0 0.00%

    Peoples First Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $100k-150k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 183 $35,925,000 $196,311 $0 0.00%

    Peoples First Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $26,620,000 $192,899 $0 0.00%
    Not applicable 28 $4,910,000 $175,357 $0 0.00%
    Asian 15 $4,035,000 $269,000 $0 0.00%
    Asian Indian 1 $285,000 $285,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.08%

    Peoples First Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.54%

    Peoples First Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 183 $35,925,000 $196,311

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 183 $35,925,000 $196,311

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 4 22.2%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 6 33.3%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 5.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Peoples First Savings Bank 225 Reading Road Mason, OH 45040 Full Service B&M $45,661
    Peoples First Savings Bank 502 W Pike St Morrow, OH 45152 Full Service B&M $14,211

    For 2020, Peoples First Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,594
    Net interest income $1,972
    Total noninterest income $1,051
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $11
    Trading account gains and fees $0
    Additional Noninterest Income $1,040
    Pre-tax net operating income $412
    Securities gains (or losses, -) $0
    Income before extraordinary items $334
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $334
    Minority interest net income $0
    Net income $334
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $334

    Peoples First Savings Bank's gross interest income from loans was $2,594,000.
    Peoples First Savings Bank's net interest income from loans was $1,972,000.
    Peoples First Savings Bank's fee based income from loans was $11,000.
    Peoples First Savings Bank's net income from loans was $334,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $622
    Provision for credit losses $9
    Total noninterest expense $2,602
    Salaries and employee benefits $1,370
    Premises and equipment expense $247
    Additional noninterest expense $985
    Applicable income taxes $78
    Net charge-offs $0
    Cash dividends $0

    Peoples First Savings Bank's interest expense for loans was $622,000.
    Peoples First Savings Bank's payroll and benefits expense were $1,370,000.
    Peoples First Savings Bank's property, plant and equipment expenses $247,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $55,130
    Deposits held in domestic offices $55,130
    Deposits by Individuals, partnerships, and corporations $54,250
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $880
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $15,959
    Demand deposits $6,417
    Nontransaction accounts $39,171
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $18,466
    Total time deposits $20,705
    Total time and savings deposits $48,713
    Noninterest-bearing deposits $6,417
    Interest-bearing deposits $48,713
    Retail deposits $49,691
    IRAs and Keogh plan accounts $3,171
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $65,894
    Cash & Balances due from depository institutions $7,945
    Interest-bearing balances $7,665
    Total securities $454
    Federal funds sold & reverse repurchase $0
    Net loans and leases $52,495
    Loan and leases loss allowance $564
    Trading account assets $0
    Bank premises and fixed assets $1,888
    Other real estate owned $0
    Goodwill and other intangibles $275
    All other assets $2,837

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $65,894
    Total Liabilities $57,619
    Total deposits $55,130
    Interest-bearing deposits $48,713
    Deposits held in domestic offices $55,130
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,287
    Subordinated debt $0
    All other liabilities $202

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $52,495
    Loan and leases loss allowance $564
    Total loans and leases (domestic) $53,059
    All real estate loans $51,295
    Real estate loans in domestic offices $51,295
    Construction and development loans $1,663
    Residential 1-4 family construction $567
    Other construction, all land development and other land $1,096
    Loans secured by nonfarm nonresidential properties $17,776
    Nonfarm nonresidential secured by owner-occupied properties $17,554
    Commercial real estate & other non-farm, non-residential $222
    Multifamily residential real estate $749
    1-4 family residential loans $31,008
    Farmland loans $99
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $153
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $144
    Other loans to individuals $9
    All other loans & leases $1,673
    Loans to foreign governments and official institutions $0
    Other loans $1,673
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Peoples First Savings Bank had $52,495,000 of loans outstanding in 2020. $51,295,000 of loans were in real estate loans. $1,663,000 of loans were in development loans. $749,000 of loans were in multifamily mortgage loans. $31,008,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $144,000 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 61 $16,359 $268,180
    Nonfarm, nonresidential loans - <$100k 20 $1,024 $51,200
    Nonfarm, nonresidential loans - $100-250k 16 $2,282 $142,625
    Nonfarm, nonresidential loans - $250k-1MM 25 $13,053 $522,120
    Farmland loans - <$1MM 1 $99 $99,000
    Farmland loans - $100-250k 1 $99 $99,000