The Peoples Bank Of Georgia Mortgage Rates, Fees & Info
Talbotton, GALEI: 5493007ZX1MGMF18FN43
Tax ID: 58-0382310
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Mortgage Data
Bank Data
Review & Overview
The Peoples Bank Of Georgia is a smaller bank specializing in Refi and Home Purchase loans. The Peoples Bank Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Thomaston, Columbus, Americus, Crestview, and Atlanta among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Peoples Bank Of Georgia 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
128Origination Dollar Volume (All Markets)
$12,970,000Employee count
29Top 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 |
|---|---|---|---|---|---|
| Thomaston, GA (FHA|USDA|VA) | 49 | $4,895,000 | $99,898 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 35 | $2,765,000 | $79,000 | $0 | 0.00% |
| Americus, GA (FHA|USDA|VA) | 29 | $2,145,000 | $73,966 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $545,000 | $109,000 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $12,970,000 | $101,328 | $0 | 0.00% |
For 2020, The Peoples Bank Of Georgia's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 68 | $7,220,000 | $106,176 | $0 | 0.00% |
| Home Purchase | 54 | $5,310,000 | $98,333 | $0 | 0.00% |
| Home Improvement | 6 | $440,000 | $73,333 | $0 | 0.00% |
For 2020, The Peoples Bank Of Georgia's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Home Purchase, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $12,970,000 | $101,328 | $0 | 0.00% |
For 2020, The Peoples Bank Of Georgia's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2020 saw The Peoples Bank Of Georgia place emphasis on $100,000 or less loans with 88 originations, totaling $4,440,000 in origination value.
Applicant Income
The Peoples Bank Of Georgia lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $12,970,000 | $101,328 | $0 | 0.00% |
The Peoples Bank Of Georgia lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.22%
The Peoples Bank Of Georgia has an average approval rate.
Pick Rate
Approvals leading to origination67.97%
The Peoples Bank Of Georgia has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $12,970,000 | $101,328 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 30 | $1,320,000 | $44,000 |
| Single Family (1-4 Units):Site-Built | 98 | $11,650,000 | $118,878 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOP FLITE FINANCIAL INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 60.0% |
| TOP FLITE FINANCIAL INC | FHA mortgage | Closing on a mortgage | 1 | 20.0% |
| TOP FLITE FINANCIAL INC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Peoples Bank of Georgia | 103 North Broad Street Buena Vista, GA 31803 | Full Service B&M | $26,953 |
| The Peoples Bank of Georgia | 131 S Broad St Ellaville, GA 31806 | Full Service B&M | $17,805 |
| The Peoples Bank of Georgia | 26 West Monroe Street Talbotton, GA 31827 | Full Service B&M | $46,552 |
For 2020, The Peoples Bank Of Georgia had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,305 |
| Net interest income | $4,683 |
| Total noninterest income | $549 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $180 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $369 |
| Pre-tax net operating income | $1,058 |
| Securities gains (or losses, -) | $34 |
| Income before extraordinary items | $858 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $858 |
| Minority interest net income | $0 |
| Net income | $858 |
| Sale, conversion, retirement of capital stock, net | $770 |
| Net operating income | $831 |
The Peoples Bank Of Georgia's gross interest income from loans was $5,305,000.
The Peoples Bank Of Georgia's net interest income from loans was $4,683,000.
The Peoples Bank Of Georgia's fee based income from loans was $180,000.
The Peoples Bank Of Georgia's net income from loans was $858,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $622 |
| Provision for credit losses | $358 |
| Total noninterest expense | $3,816 |
| Salaries and employee benefits | $2,116 |
| Premises and equipment expense | $393 |
| Additional noninterest expense | $1,307 |
| Applicable income taxes | $234 |
| Net charge-offs | $168 |
| Cash dividends | $181 |
The Peoples Bank Of Georgia's interest expense for loans was $622,000.
The Peoples Bank Of Georgia's payroll and benefits expense were $2,116,000.
The Peoples Bank Of Georgia's property, plant and equipment expenses $393,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 3.0% |
| Credit card loans | 0.0% |
| Other individual loans | 3.0% |
| Auto loans | 1.0% |
| Other consumer loans | 4.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $99,949 |
| Deposits held in domestic offices | $99,949 |
| Deposits by Individuals, partnerships, and corporations | $82,345 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,604 |
| 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 | $35,104 |
| Demand deposits | $25,688 |
| Nontransaction accounts | $64,845 |
| Money market deposit accounts (MMDAs) | $16,971 |
| Other savings deposits (excluding MMDAs) | $5,445 |
| Total time deposits | $42,428 |
| Total time and savings deposits | $74,261 |
| Noninterest-bearing deposits | $25,687 |
| Interest-bearing deposits | $74,262 |
| Retail deposits | $77,966 |
| IRAs and Keogh plan accounts | $2,864 |
| Brokered deposits | $14,358 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $111,221 |
| Cash & Balances due from depository institutions | $5,792 |
| Interest-bearing balances | $2,700 |
| Total securities | $20,075 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $78,857 |
| Loan and leases loss allowance | $652 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,856 |
| Other real estate owned | $106 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,535 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $111,221 |
| Total Liabilities | $100,250 |
| Total deposits | $99,949 |
| Interest-bearing deposits | $74,262 |
| Deposits held in domestic offices | $99,949 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $301 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $78,857 |
| Loan and leases loss allowance | $652 |
| Total loans and leases (domestic) | $79,509 |
| All real estate loans | $59,497 |
| Real estate loans in domestic offices | $59,497 |
| Construction and development loans | $4,336 |
| Residential 1-4 family construction | $2,835 |
| Other construction, all land development and other land | $1,501 |
| Loans secured by nonfarm nonresidential properties | $6,105 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,656 |
| Commercial real estate & other non-farm, non-residential | $1,449 |
| Multifamily residential real estate | $81 |
| 1-4 family residential loans | $38,344 |
| Farmland loans | $10,631 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,345 |
| Commercial and industrial loans | $10,199 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,316 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $3,127 |
| Other loans to individuals | $5,189 |
| All other loans & leases | $152 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $26 |
| 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 | $197 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The Peoples Bank of Georgia had $78,857,000 of loans outstanding in 2020. $59,497,000 of loans were in real estate loans. $4,336,000 of loans were in development loans. $81,000 of loans were in multifamily mortgage loans. $38,344,000 of loans were in 1-4 family mortgage loans. $1,345,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,127,000 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 | 49 | $5,119 | $104,469 |
| Nonfarm, nonresidential loans - <$100k | 28 | $1,207 | $43,107 |
| Nonfarm, nonresidential loans - $100-250k | 13 | $1,741 | $133,923 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $2,171 | $271,375 |
| Commercial & Industrial, US addressed loans - <$1MM | 309 | $8,496 | $27,495 |
| Commercial & Industrial, US addressed loans - <$100k | 283 | $5,339 | $18,866 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $1,844 | $97,053 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 7 | $1,313 | $187,571 |
| Farmland loans - <$1MM | 93 | $8,939 | $96,118 |
| Farmland loans - <$100k | 57 | $2,546 | $44,667 |
| Farmland loans - $100-250k | 30 | $3,939 | $131,300 |
| Farmland loans - $250k-1MM | 6 | $2,454 | $409,000 |
| Agriculture operations loans - <$1MM | 25 | $954 | $38,160 |
| Agriculture operations loans - <$100k | 21 | $505 | $24,048 |
| Agriculture operations loans - $100-250k | 2 | $207 | $103,500 |
| Agriculture operations loans - $250k-1MM | 2 | $242 | $121,000 |