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

St. Albans, VT

LEI: 5493006WZJUEUK1TVM53

Tax ID: 03-0148320

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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 Trust Company Of St. Albans is a smaller mortgage company specializing in Refi and Home Purchase loans. Peoples Trust Company Of St. Albans has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top (well, only) market is Burlington.

    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.

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    Originations

    321

    Origination Dollar Volume (All Markets)

    $59,505,000

    Employee count

    88

    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) 317 $58,775,000 $185,410 $0 0.00%
    Outside of Metro Areas 4 $730,000 $182,500 $0 0.00%
    Peoples Trust Company Of St. Albans's top markets include and Burlington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 316 $58,580,000 $185,380 $0 0.00%
    USDA 5 $925,000 $185,000 $0 0.00%

    For 2020, Peoples Trust Company Of St. Albans's most frequently originated type of loan was Conventional, with 316 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 136 $27,230,000 $200,221 $0 0.00%
    Home Purchase 91 $18,895,000 $207,637 $0 0.00%
    Cash Out Refi 68 $11,050,000 $162,500 $0 0.00%
    Home Improvement 20 $1,680,000 $84,000 $0 0.00%
    Other 6 $650,000 $108,333 $0 0.00%

    For 2020, Peoples Trust Company Of St. Albans's most frequently cited loan purpose was Refi, with 136 originations. The 2nd most popular reason was Home Purchase, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 321 $59,505,000 $185,374 $0 0.00%

    For 2020, Peoples Trust Company Of St. Albans's most frequently cited loan duration was Other, with 321 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 141 $22,035,000 $156,277 $0 0.00%
    $200k-400k 116 $29,920,000 $257,931 $0 0.00%
    $100,000 or less 56 $3,630,000 $64,821 $0 0.00%
    $400k-600k 7 $3,185,000 $455,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2020 saw Peoples Trust Company Of St. Albans place emphasis on $100k-200k loans with 141 originations, totaling $22,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $16,030,000 $200,375 $0 0.00%
    $75k-100k 67 $12,315,000 $183,806 $0 0.00%
    $50k-75k 54 $9,070,000 $167,963 $0 0.00%
    $50k or less 53 $6,315,000 $119,151 $0 0.00%
    $150k-250k 28 $7,120,000 $254,286 $0 0.00%
    $250k+ 6 $1,690,000 $281,667 $0 0.00%

    Peoples Trust Company Of St. Albans lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $75k-100k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 321 $59,505,000 $185,374 $0 0.00%

    Peoples Trust Company Of St. Albans lent most frequently to those with DTI ratios of Exempt%, with 321 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 296 $54,430,000 $183,885 $0 0.00%
    Not applicable 20 $4,330,000 $216,500 $0 0.00%
    Not provided 4 $490,000 $122,500 $0 0.00%
    American Indian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.30%

    Peoples Trust Company Of St. Albans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.69%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 321 $59,505,000 $185,374

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,405,000 $343,571
    Single Family (1-4 Units):Manufactured 15 $1,655,000 $110,333
    Single Family (1-4 Units):Site-Built 299 $55,445,000 $185,435

    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 Trust Company of St. Albans 1 Franklin Park West Saint Albans, VT 5478 Full Service B&M $41,216
    Peoples Trust Company of St. Albans 1127 Ethan Allen Highway Saint Albans, VT 5478 Full Service B&M $22,274
    Peoples Trust Company of St. Albans 123 First Street Swanton, VT 5488 Full Service B&M $40,885
    Peoples Trust Company of St. Albans 140 Main Street Enosburg Falls, VT 5450 Full Service B&M $17,097
    Peoples Trust Company of St. Albans 25 Kingman Street Saint Albans, VT 5478 Full Service B&M $163,601
    Peoples Trust Company of St. Albans One Carmichael Street Essex Junction, VT 5452 Full Service B&M $4,581

    For 2020, Peoples Trust Company Of St. Albans had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,717
    Net interest income $9,803
    Total noninterest income $4,270
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $584
    Trading account gains and fees $0
    Additional Noninterest Income $3,686
    Pre-tax net operating income $2,235
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,195
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,195
    Minority interest net income $0
    Net income $2,195
    Sale, conversion, retirement of capital stock, net $-589
    Net operating income $2,195

    Peoples Trust Company Of St. Albans's gross interest income from loans was $10,717,000.
    Peoples Trust Company Of St. Albans's net interest income from loans was $9,803,000.
    Peoples Trust Company Of St. Albans's fee based income from loans was $584,000.
    Peoples Trust Company Of St. Albans's net income from loans was $2,195,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $914
    Provision for credit losses $600
    Total noninterest expense $11,238
    Salaries and employee benefits $6,429
    Premises and equipment expense $1,133
    Additional noninterest expense $3,676
    Applicable income taxes $40
    Net charge-offs $39
    Cash dividends $547

    Peoples Trust Company Of St. Albans's interest expense for loans was $914,000.
    Peoples Trust Company Of St. Albans's payroll and benefits expense were $6,429,000.
    Peoples Trust Company Of St. Albans's property, plant and equipment expenses $1,133,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    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 $296,397
    Deposits held in domestic offices $296,397
    Deposits by Individuals, partnerships, and corporations $283,852
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,545
    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 $140,250
    Demand deposits $120,797
    Nontransaction accounts $156,147
    Money market deposit accounts (MMDAs) $59,037
    Other savings deposits (excluding MMDAs) $48,245
    Total time deposits $48,866
    Total time and savings deposits $175,600
    Noninterest-bearing deposits $115,564
    Interest-bearing deposits $180,833
    Retail deposits $286,202
    IRAs and Keogh plan accounts $12,507
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $337,227
    Cash & Balances due from depository institutions $87,583
    Interest-bearing balances $80,852
    Total securities $55,879
    Federal funds sold & reverse repurchase $0
    Net loans and leases $180,774
    Loan and leases loss allowance $2,810
    Trading account assets $0
    Bank premises and fixed assets $6,132
    Other real estate owned $0
    Goodwill and other intangibles $660
    All other assets $6,199

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $337,227
    Total Liabilities $300,705
    Total deposits $296,397
    Interest-bearing deposits $180,833
    Deposits held in domestic offices $296,397
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $3,211
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,097

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $180,774
    Loan and leases loss allowance $2,810
    Total loans and leases (domestic) $183,584
    All real estate loans $152,494
    Real estate loans in domestic offices $152,494
    Construction and development loans $3,393
    Residential 1-4 family construction $1,235
    Other construction, all land development and other land $2,158
    Loans secured by nonfarm nonresidential properties $52,748
    Nonfarm nonresidential secured by owner-occupied properties $36,191
    Commercial real estate & other non-farm, non-residential $16,557
    Multifamily residential real estate $6,450
    1-4 family residential loans $70,035
    Farmland loans $19,868
    Loans held in foreign offices $0
    Farm loans $954
    Commercial and industrial loans $18,890
    To non-U.S. addressees $0
    Loans to individuals $6,333
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,972
    Other loans to individuals $2,361
    All other loans & leases $6,536
    Loans to foreign governments and official institutions $0
    Other loans $14
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,264
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,203
    Non 1-4 family restructured loans & leases $1,071
    Total loans and leases (foreign) $0

    Peoples Trust Company of St. Albans had $180,774,000 of loans outstanding in 2020. $152,494,000 of loans were in real estate loans. $3,393,000 of loans were in development loans. $6,450,000 of loans were in multifamily mortgage loans. $70,035,000 of loans were in 1-4 family mortgage loans. $954,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,972,000 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 167 $29,404 $176,072
    Nonfarm, nonresidential loans - <$100k 50 $2,068 $41,360
    Nonfarm, nonresidential loans - $100-250k 57 $6,759 $118,579
    Nonfarm, nonresidential loans - $250k-1MM 60 $20,577 $342,950
    Commercial & Industrial, US addressed loans - <$1MM 331 $17,786 $53,734
    Commercial & Industrial, US addressed loans - <$100k 280 $6,983 $24,939
    Commercial & Industrial, US addressed loans - $100-250k 37 $4,857 $131,270
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $5,946 $424,714
    Farmland loans - <$1MM 74 $11,669 $157,689
    Farmland loans - <$100k 30 $1,438 $47,933
    Farmland loans - $100-250k 25 $3,620 $144,800
    Farmland loans - $250k-1MM 19 $6,611 $347,947
    Agriculture operations loans - <$1MM 19 $937 $49,316
    Agriculture operations loans - <$100k 15 $379 $25,267
    Agriculture operations loans - $100-250k 3 $312 $104,000
    Agriculture operations loans - $250k-1MM 1 $246 $246,000