Peoples Trust Company Of St. Albans Mortgage Rates, Fees & Info

St. Albans, VT

LEI: 5493006WZJUEUK1TVM53

Tax ID: 03-0148320

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 Trust Company Of St. Albans is a smaller mortgage company specializing in Home Purchase and Refi loans. Peoples Trust Company Of St. Albans has a high proportion of conventional loans. Their top two markets are Burlington and Barre .

    Peoples Trust Company Of St. Albans 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.

    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.


    Originations

    183

    Origination Dollar Volume (All Markets)

    $29,745,000

    Employee count

    90

    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
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 181 $29,495,000 $162,956 $0 0.00%
    Outside of Metro Areas 1 $225,000 $225,000 $0 0.00%
    Barre, VT (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Peoples Trust Company Of St. Albans's top markets include Burlington and Barre among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $27,840,000 $161,860 $0 0.00%
    USDA 11 $1,905,000 $173,182 $0 0.00%

    For 2019, Peoples Trust Company Of St. Albans's most frequently originated type of loan was Conventional, with 172 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $16,105,000 $189,471 $0 0.00%
    Cash Out Refi 42 $5,890,000 $140,238 $0 0.00%
    Refi 29 $6,275,000 $216,379 $0 0.00%
    Other 15 $885,000 $59,000 $0 0.00%
    Home Improvement 12 $590,000 $49,167 $0 0.00%

    For 2019, Peoples Trust Company Of St. Albans's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 183 $29,745,000 $162,541 $0 0.00%

    For 2019, Peoples Trust Company Of St. Albans'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 77 $11,435,000 $148,506 $0 0.00%
    $100,000 or less 51 $2,675,000 $52,451 $0 0.00%
    $200k-400k 51 $13,345,000 $261,667 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%
    $600k-1MM 1 $915,000 $915,000 $0 0.00%

    2019 saw Peoples Trust Company Of St. Albans place emphasis on $100k-200k loans with 77 originations, totaling $11,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $6,880,000 $137,600 $0 0.00%
    $100k-150k 44 $7,740,000 $175,909 $0 0.00%
    $75k-100k 29 $4,915,000 $169,483 $0 0.00%
    $50k or less 25 $2,865,000 $114,600 $0 0.00%
    $150k-250k 16 $3,880,000 $242,500 $0 0.00%

    Peoples Trust Company Of St. Albans lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $100k-150k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 183 $29,745,000 $162,541 $0 0.00%

    Peoples Trust Company Of St. Albans 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 165 $26,315,000 $159,485 $0 0.00%
    Not applicable 12 $2,300,000 $191,667 $0 0.00%
    Not provided 4 $710,000 $177,500 $0 0.00%
    Black 1 $255,000 $255,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.65%

    Peoples Trust Company Of St. Albans has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.05%

    Peoples Trust Company Of St. Albans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 183 $29,745,000 $162,541

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $820,000 $205,000
    Single Family (1-4 Units):Manufactured 9 $1,035,000 $115,000
    Single Family (1-4 Units):Site-Built 170 $27,890,000 $164,059

    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 Trust Company of St. Albans 1 Franklin Park West Saint Albans, VT 5478 Full Service B&M $34,453
    Peoples Trust Company of St. Albans 1127 Ethan Allen Highway Saint Albans, VT 5478 Full Service B&M $20,188
    Peoples Trust Company of St. Albans 123 First Street Swanton, VT 5488 Full Service B&M $36,838
    Peoples Trust Company of St. Albans 140 Main Street Enosburg Falls, VT 5450 Full Service B&M $14,323
    Peoples Trust Company of St. Albans 25 Kingman Street Saint Albans, VT 5478 Full Service B&M $123,210
    Peoples Trust Company of St. Albans One Carmichael Street Essex Junction, VT 5452 Full Service B&M $4,029

    For 2019, Peoples Trust Company Of St. Albans had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,140
    Net interest income $10,369
    Total noninterest income $2,687
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $805
    Trading account gains and fees $0
    Additional Noninterest Income $1,882
    Pre-tax net operating income $2,237
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,161
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,161
    Minority interest net income $0
    Net income $2,161
    Sale, conversion, retirement of capital stock, net $-785
    Net operating income $2,161

    Peoples Trust Company Of St. Albans's gross interest income from loans was $11,140,000.
    Peoples Trust Company Of St. Albans's net interest income from loans was $10,369,000.
    Peoples Trust Company Of St. Albans's fee based income from loans was $805,000.
    Peoples Trust Company Of St. Albans's net income from loans was $2,161,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $771
    Provision for credit losses $0
    Total noninterest expense $10,819
    Salaries and employee benefits $6,336
    Premises and equipment expense $1,109
    Additional noninterest expense $3,374
    Applicable income taxes $76
    Net charge-offs $30
    Cash dividends $505

    Peoples Trust Company Of St. Albans's interest expense for loans was $771,000.
    Peoples Trust Company Of St. Albans's payroll and benefits expense were $6,336,000.
    Peoples Trust Company Of St. Albans's property, plant and equipment expenses $1,109,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 10.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $229,075
    Deposits held in domestic offices $229,075
    Deposits by Individuals, partnerships, and corporations $217,353
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,722
    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 $89,304
    Demand deposits $76,823
    Nontransaction accounts $139,771
    Money market deposit accounts (MMDAs) $50,728
    Other savings deposits (excluding MMDAs) $40,681
    Total time deposits $48,362
    Total time and savings deposits $152,252
    Noninterest-bearing deposits $74,635
    Interest-bearing deposits $154,440
    Retail deposits $219,840
    IRAs and Keogh plan accounts $12,582
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $267,676
    Cash & Balances due from depository institutions $17,935
    Interest-bearing balances $13,575
    Total securities $52,496
    Federal funds sold & reverse repurchase $0
    Net loans and leases $183,291
    Loan and leases loss allowance $2,248
    Trading account assets $0
    Bank premises and fixed assets $6,547
    Other real estate owned $0
    Goodwill and other intangibles $465
    All other assets $6,942

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $267,676
    Total Liabilities $233,144
    Total deposits $229,075
    Interest-bearing deposits $154,440
    Deposits held in domestic offices $229,075
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $3,183
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $886

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $183,291
    Loan and leases loss allowance $2,248
    Total loans and leases (domestic) $185,539
    All real estate loans $163,242
    Real estate loans in domestic offices $163,242
    Construction and development loans $8,224
    Residential 1-4 family construction $1,843
    Other construction, all land development and other land $6,381
    Loans secured by nonfarm nonresidential properties $53,317
    Nonfarm nonresidential secured by owner-occupied properties $37,385
    Commercial real estate & other non-farm, non-residential $15,932
    Multifamily residential real estate $3,519
    1-4 family residential loans $78,802
    Farmland loans $19,380
    Loans held in foreign offices $0
    Farm loans $1,620
    Commercial and industrial loans $8,220
    To non-U.S. addressees $0
    Loans to individuals $5,425
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,806
    Other loans to individuals $2,619
    All other loans & leases $8,590
    Loans to foreign governments and official institutions $0
    Other loans $37
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $464
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,547
    Non 1-4 family restructured loans & leases $538
    Total loans and leases (foreign) $0

    Peoples Trust Company of St. Albans had $183,291,000 of loans outstanding in 2019. $163,242,000 of loans were in real estate loans. $8,224,000 of loans were in development loans. $3,519,000 of loans were in multifamily mortgage loans. $78,802,000 of loans were in 1-4 family mortgage loans. $1,620,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,806,000 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 188 $32,904 $175,021
    Nonfarm, nonresidential loans - <$100k 57 $2,459 $43,140
    Nonfarm, nonresidential loans - $100-250k 67 $8,203 $122,433
    Nonfarm, nonresidential loans - $250k-1MM 64 $22,242 $347,531
    Commercial & Industrial, US addressed loans - <$1MM 181 $8,219 $45,409
    Commercial & Industrial, US addressed loans - <$100k 168 $6,736 $40,095
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,334 $111,167
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $149 $149,000
    Farmland loans - <$1MM 77 $10,871 $141,182
    Farmland loans - <$100k 39 $3,470 $88,974
    Farmland loans - $100-250k 21 $3,068 $146,095
    Farmland loans - $250k-1MM 17 $4,333 $254,882
    Agriculture operations loans - <$1MM 26 $1,121 $43,115
    Agriculture operations loans - <$100k 23 $615 $26,739
    Agriculture operations loans - $100-250k 2 $237 $118,500
    Agriculture operations loans - $250k-1MM 1 $269 $269,000