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, Cash Out 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 two markets are Burlington and Lebanon .

    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

    285

    Origination Dollar Volume (All Markets)

    $57,515,000

    Employee count

    82

    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) 283 $57,095,000 $201,749 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Outside of Metro Areas 1 $205,000 $205,000 $0 0.00%
    Peoples Trust Company Of St. Albans's top markets include Burlington and Lebanon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 282 $56,930,000 $201,879 $0 0.00%
    USDA 3 $585,000 $195,000 $0 0.00%

    For 2021, Peoples Trust Company Of St. Albans's most frequently originated type of loan was Conventional, with 282 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 98 $18,980,000 $193,673 $0 0.00%
    Cash Out Refi 88 $16,350,000 $185,795 $0 0.00%
    Home Purchase 85 $21,015,000 $247,235 $0 0.00%
    Home Improvement 8 $740,000 $92,500 $0 0.00%
    Other 6 $430,000 $71,667 $0 0.00%

    For 2021, Peoples Trust Company Of St. Albans's most frequently cited loan purpose was Refi, with 98 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 285 $57,515,000 $201,807 $0 0.00%

    For 2021, Peoples Trust Company Of St. Albans's most frequently cited loan duration was Other, with 285 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 126 $18,940,000 $150,317 $0 0.00%
    $200k-400k 93 $25,315,000 $272,204 $0 0.00%
    $100,000 or less 50 $3,340,000 $66,800 $0 0.00%
    $400k-600k 13 $6,175,000 $475,000 $0 0.00%
    $1MM+ 2 $2,900,000 $1,450,000 $0 0.00%
    $600k-1MM 1 $845,000 $845,000 $0 0.00%

    2021 saw Peoples Trust Company Of St. Albans place emphasis on $100k-200k loans with 126 originations, totaling $18,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 62 $9,490,000 $153,065 $0 0.00%
    $75k-100k 60 $11,500,000 $191,667 $0 0.00%
    $100k-150k 54 $12,680,000 $234,815 $0 0.00%
    $50k or less 49 $6,015,000 $122,755 $0 0.00%
    $150k-250k 26 $6,150,000 $236,538 $0 0.00%
    $250k+ 11 $3,535,000 $321,364 $0 0.00%

    Peoples Trust Company Of St. Albans lent most frequently to those with incomes in the $50k-75k range, with 62 originations. The second most popular income band? $75k-100k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 285 $57,515,000 $201,807 $0 0.00%

    Peoples Trust Company Of St. Albans lent most frequently to those with DTI ratios of Exempt%, with 285 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 247 $47,245,000 $191,275 $0 0.00%
    Not applicable 12 $4,970,000 $414,167 $0 0.00%
    Not provided 21 $4,355,000 $207,381 $0 0.00%
    American Indian 5 $945,000 $189,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.53%

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

    Pick Rate

    Approvals leading to origination
    86.32%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 285 $57,515,000 $201,807

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    285 $57,515,000 $201,807

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%

    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 $47,624
    Peoples Trust Company of St. Albans 1127 Ethan Allen Highway Saint Albans, VT 5478 Full Service B&M $30,527
    Peoples Trust Company of St. Albans 123 First Street Swanton, VT 5488 Full Service B&M $46,247
    Peoples Trust Company of St. Albans 140 Main Street Enosburg Falls, VT 5450 Full Service B&M $19,161
    Peoples Trust Company of St. Albans 25 Kingman St Saint Albans, VT 5478 Full Service B&M $184,592

    For 2021, Peoples Trust Company Of St. Albans had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,421
    Net interest income $9,464
    Total noninterest income $4,063
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $546
    Trading account gains and fees $0
    Additional Noninterest Income $3,517
    Pre-tax net operating income $2,742
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,321
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,321
    Minority interest net income $0
    Net income $2,321
    Sale, conversion, retirement of capital stock, net $-220
    Net operating income $2,321

    Peoples Trust Company Of St. Albans's gross interest income from loans was $10,421,000.
    Peoples Trust Company Of St. Albans's net interest income from loans was $9,464,000.
    Peoples Trust Company Of St. Albans's fee based income from loans was $546,000.
    Peoples Trust Company Of St. Albans's net income from loans was $2,321,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $957
    Provision for credit losses $0
    Total noninterest expense $10,785
    Salaries and employee benefits $6,309
    Premises and equipment expense $1,101
    Additional noninterest expense $3,375
    Applicable income taxes $421
    Net charge-offs $-155
    Cash dividends $543

    Peoples Trust Company Of St. Albans's interest expense for loans was $957,000.
    Peoples Trust Company Of St. Albans's payroll and benefits expense were $6,309,000.
    Peoples Trust Company Of St. Albans's property, plant and equipment expenses $1,101,000.

    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 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    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 $339,950
    Deposits held in domestic offices $339,950
    Deposits by Individuals, partnerships, and corporations $320,818
    Deposits by U.S. Government $6
    Deposits by States and political subdivisions in the U.S. $19,126
    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 $160,789
    Demand deposits $130,365
    Nontransaction accounts $179,161
    Money market deposit accounts (MMDAs) $74,217
    Other savings deposits (excluding MMDAs) $55,347
    Total time deposits $49,597
    Total time and savings deposits $209,585
    Noninterest-bearing deposits $123,701
    Interest-bearing deposits $216,249
    Retail deposits $330,621
    IRAs and Keogh plan accounts $12,807
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $381,803
    Cash & Balances due from depository institutions $128,502
    Interest-bearing balances $124,763
    Total securities $61,347
    Federal funds sold & reverse repurchase $0
    Net loans and leases $179,075
    Loan and leases loss allowance $2,964
    Trading account assets $0
    Bank premises and fixed assets $5,484
    Other real estate owned $0
    Goodwill and other intangibles $803
    All other assets $6,592

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $381,803
    Total Liabilities $344,316
    Total deposits $339,950
    Interest-bearing deposits $216,249
    Deposits held in domestic offices $339,950
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $3,250
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,116

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $179,075
    Loan and leases loss allowance $2,964
    Total loans and leases (domestic) $182,039
    All real estate loans $152,071
    Real estate loans in domestic offices $152,071
    Construction and development loans $8,133
    Residential 1-4 family construction $3,173
    Other construction, all land development and other land $4,960
    Loans secured by nonfarm nonresidential properties $54,212
    Nonfarm nonresidential secured by owner-occupied properties $36,685
    Commercial real estate & other non-farm, non-residential $17,527
    Multifamily residential real estate $5,972
    1-4 family residential loans $65,847
    Farmland loans $17,907
    Loans held in foreign offices $0
    Farm loans $1,282
    Commercial and industrial loans $11,915
    To non-U.S. addressees $0
    Loans to individuals $7,069
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,934
    Other loans to individuals $2,135
    All other loans & leases $11,195
    Loans to foreign governments and official institutions $0
    Other loans $128
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,150
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,606
    Non 1-4 family restructured loans & leases $898
    Total loans and leases (foreign) $0

    Peoples Trust Company of St. Albans had $179,075,000 of loans outstanding in 2021. $152,071,000 of loans were in real estate loans. $8,133,000 of loans were in development loans. $5,972,000 of loans were in multifamily mortgage loans. $65,847,000 of loans were in 1-4 family mortgage loans. $1,282,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,934,000 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 157 $27,414 $174,611
    Nonfarm, nonresidential loans - <$100k 51 $2,324 $45,569
    Nonfarm, nonresidential loans - $100-250k 52 $6,330 $121,731
    Nonfarm, nonresidential loans - $250k-1MM 54 $18,760 $347,407
    Commercial & Industrial, US addressed loans - <$1MM 227 $11,915 $52,489
    Commercial & Industrial, US addressed loans - <$100k 197 $6,479 $32,888
    Commercial & Industrial, US addressed loans - $100-250k 26 $3,186 $122,538
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $2,250 $562,500
    Farmland loans - <$1MM 73 $10,825 $148,288
    Farmland loans - <$100k 26 $797 $30,654
    Farmland loans - $100-250k 26 $3,562 $137,000
    Farmland loans - $250k-1MM 21 $6,466 $307,905
    Agriculture operations loans - <$1MM 19 $784 $41,263
    Agriculture operations loans - <$100k 15 $278 $18,533
    Agriculture operations loans - $100-250k 4 $506 $126,500