Peoplesbank A Codorus Valley Company Mortgage Rates, Fees & Info

York, PA

LEI: 5493008M2HP1C1B9LU12

Tax ID: 23-0962030

5 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Peoplesbank A Codorus Valley Company is a smaller bank specializing in Refi and Home Purchase loans. Peoplesbank A Codorus Valley Company has a high proportion of conventional loans. Their top markets include York, Baltimore, Gettysburg, Lancaster, and Philadelphia among others. Peoplesbank A Codorus Valley Company has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Peoplesbank A Codorus Valley Company is typically an average fee lendor.


Originations

1,054

Origination Dollar Volume (All Markets)

$221,010,000

Employee count

327

Awards

PEOPLESBANK A CODORUS VALLEY COMPANY 30 Year Conventional Loans gold PEOPLESBANK A CODORUS VALLEY COMPANY 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Peoplesbank A Codorus Valley Company's average 30 year fixed rate mortgage of loans were 3.25%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.1%.

Relative Fees

Peoplesbank A Codorus Valley Company's average total fees for a 30 year fixed rate mortgage are $3,987.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
YORK-HANOVER, PA (FHA|USDA|VA) 678 $117,150,000 $172,788 $4,040 2.68%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 197 $50,815,000 $257,944 $4,146 2.93%
GETTYSBURG, PA (FHA|USDA|VA) 57 $20,045,000 $351,667 $5,084 2.93%
LANCASTER, PA (FHA|USDA|VA) 46 $9,900,000 $215,217 $4,357 2.86%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $7,875,000 $375,000 $4,314 2.89%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 26 $5,560,000 $213,846 $3,486 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $3,630,000 $453,750 $5,128 3.72%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $2,800,000 $350,000 $4,189 3.16%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $665,000 $665,000 $0 3.99%
LEBANON, PA (FHA|USDA|VA) 4 $660,000 $165,000 $3,810 2.06%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $525,000 $175,000 $3,628 3.67%
READING, PA (FHA|USDA|VA) 2 $490,000 $245,000 $3,354 2.37%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $485,000 $485,000 $3,604 2.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $225,000 $225,000 $3,564 2.88%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,971 2.75%

Peoplesbank A Codorus Valley Company's top markets include York, Baltimore, Gettysburg, Lancaster, and Philadelphia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,054 $221,010,000 $209,687 $4,147 2.78%

For the 2021 period, Peoplesbank A Codorus Valley Company's most frequently originated loan type of loans were Conventional, with 1,054 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 351 $76,195,000 $217,080 $3,632 2.73%
Home Purchase 289 $82,445,000 $285,277 $4,637 3.42%
Other 151 $13,835,000 $91,623 $5,077 2.00%
Home Improvement 144 $21,740,000 $150,972 $6,655 2.15%
Cash Out Refi 119 $26,795,000 $225,168 $4,025 3.11%

For the 2021, Peoplesbank A Codorus Valley Company's most frequently cited loan purpose of loans were Refi, with 351 originations. The 2nd most popular reason of loans were Home Purchase, with 289 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 452 $53,370,000 $118,075 $4,433 2.14%
30 Year 266 $62,480,000 $234,887 $3,987 3.25%
15 Year 135 $24,975,000 $185,000 $3,478 2.57%
30+ year 58 $26,420,000 $455,517 $6,783 3.47%
5 Year 50 $14,230,000 $284,600 $0 4.05%
20 Year 32 $5,180,000 $161,875 $3,679 3.35%
10 Year 31 $29,615,000 $955,323 $3,370 3.17%
1 Year 30 $4,740,000 $158,000 $0 4.73%

For the 2021, Peoplesbank A Codorus Valley Company's most frequently cited loan length of loans were Other, with 452 originations. The 2nd most popular length of loans were 30 Year, with 266 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 320 $65,960,000 $206,125
$1k-2k 102 $21,530,000 $211,078
$3k-4k 37 $15,705,000 $424,459
$2k-3k 34 $10,090,000 $296,765
$5k+ 9 $9,115,000 $1,012,778

$3,987 of loans were Peoplesbank A Codorus Valley Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 320 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 466 $64,360,000 $138,112
3-4% 335 $96,935,000 $289,358
2.5-3% 179 $45,495,000 $254,162
4-5% 55 $12,965,000 $235,727
5-6% 15 $1,055,000 $70,333
6-7% 4 $200,000 $50,000

During 2021, Peoplesbank A Codorus Valley Company's average interest rate of loans were 3.25%, while their most frequently originated rate bucket of loans were <2.5%, with 466 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 374 $53,410,000 $142,807 $3,496 2.83%
$100,000 or less 358 $19,370,000 $54,106 $2,691 2.47%
$200k-400k 215 $59,345,000 $276,023 $4,474 2.95%
$400k-600k 65 $30,545,000 $469,923 $5,510 3.16%
$600k-1MM 25 $17,985,000 $719,400 $8,121 3.42%
$1MM+ 17 $40,355,000 $2,373,824 $12,894 3.39%

2021 saw Peoplesbank A Codorus Valley Company place emphasis on $100k-200k loans with 374 originations, totaling $53,410,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 222 $44,990,000 $202,658 $4,699 2.65%
$50k-75k 181 $23,415,000 $129,365 $3,591 2.53%
$50k or less 149 $14,435,000 $96,879 $3,092 2.65%
$150k-250k 145 $29,325,000 $202,241 $4,563 2.61%
$75k-100k 145 $21,925,000 $151,207 $3,900 2.51%
$250k+ 64 $25,510,000 $398,594 $5,780 2.83%

Peoplesbank A Codorus Valley Company lent most frequently to those with incomes in the $100k-150k range, with 222 originations. The second most popular income band? $50k-75k, with 181 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 251 $39,205,000 $156,195 $3,991 2.54%
30-36% 189 $33,695,000 $178,280 $3,923 2.72%
<20% 159 $23,415,000 $147,264 $4,073 2.24%
44% 42 $6,330,000 $150,714 $3,973 2.42%
43% 33 $6,515,000 $197,424 $4,366 2.84%
41% 28 $5,680,000 $202,857 $4,292 2.88%
38% 26 $5,690,000 $218,846 $4,484 2.87%
39% 25 $4,385,000 $175,400 $3,904 2.63%
37% 25 $4,265,000 $170,600 $4,336 2.77%
42% 21 $3,595,000 $171,190 $3,805 2.76%
36% 21 $4,815,000 $229,286 $4,925 2.74%
40% 21 $4,805,000 $228,810 $4,406 2.74%
45% 19 $3,645,000 $191,842 $4,697 2.69%
46% 17 $4,415,000 $259,706 $4,686 2.92%
48% 15 $3,315,000 $221,000 $4,910 3.08%
47% 13 $4,145,000 $318,846 $4,222 3.08%
49% 12 $2,760,000 $230,000 $4,028 3.03%
50-60% 7 $1,935,000 $276,429 $5,602 3.53%
>60% 2 $500,000 $250,000 $0 1.74%

Peoplesbank A Codorus Valley Company lent most frequently to those with DTI ratios of 20-30%, with 251 originations. The next most common DTI ratio? 30-36%, with 189 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 887 $156,145,000 $176,037 $4,171 2.62%
Not applicable 91 $50,425,000 $554,121 $0 4.27%
Not provided 53 $9,375,000 $176,887 $3,691 2.80%
Black 16 $3,750,000 $234,375 $3,745 3.51%
Asian 4 $980,000 $245,000 $4,293 2.40%
Asian Indian 2 $180,000 $90,000 $0 2.75%
American Indian 1 $155,000 $155,000 $0 1.74%

Approval Rates

Total approvals of all applications
90.70%

Peoplesbank A Codorus Valley Company has an average approval rate.

Pick Rate

Approvals leading to origination
90.55%

Peoplesbank A Codorus Valley Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,054 $221,010,000 $209,687

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,054 $221,010,000 $209,687

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 183 $18,205,000 $99,481 $3,181 2.35%
40-60% 189 $33,535,000 $177,434 $3,509 2.83%
60-80% 305 $93,225,000 $305,656 $4,197 3.11%
80-100% 234 $69,770,000 $298,162 $4,923 2.92%
Under 20% 143 $6,275,000 $43,881 $367 2.34%

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)
Peoplesbank, A Codorus Valley Company 3100 Market Street Camp Hill, PA 17011 Full Service B&M $24,769
Peoplesbank, A Codorus Valley Company 1 Manchester Street Glen Rock, PA 17327 Full Service B&M $55,884
Peoplesbank, A Codorus Valley Company 1001 East Oregon Pike Lititz, PA 17543 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 101 North Queen Street, Suite 105 Lancaster, PA 17602 Full Service B&M $4,891
Peoplesbank, A Codorus Valley Company 109 Leader Heights Road York, PA 17403 Full Service B&M $243,703
Peoplesbank, A Codorus Valley Company 11350 Mccormick Road, Suite 101 Hunt Valley, MD 21031 Full Service B&M $120,216
Peoplesbank, A Codorus Valley Company 118 Carlisle Street Hanover, PA 17331 Full Service B&M $0
Peoplesbank, A Codorus Valley Company 140 North Main Street Bel Air, MD 21014 Full Service B&M $88,554
Peoplesbank, A Codorus Valley Company One Masonic Drive Elizabethtown, PA 17022 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company One North Main Jacobus, PA 17407 Full Service B&M $114,045
Peoplesbank, A Codorus Valley Company 1477 Carlisle Road York, PA 17408 Full Service B&M $85,853
Peoplesbank, A Codorus Valley Company 1651 Baltimore Pike Hanover, PA 17331 Full Service B&M $103,930
Peoplesbank, A Codorus Valley Company 1700 Normandie Drive York, PA 17408 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 2 Ballast Lane Stewartstown, PA 17363 Full Service B&M $95,501
Peoplesbank, A Codorus Valley Company 2001 Harrisburg Pike Lancaster, PA 17601 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 211 Mt. Carmel Road Parkton, MD 21120 Full Service B&M $28,950
Peoplesbank, A Codorus Valley Company 2343 Oregon Pike Lancaster, PA 17601 Full Service B&M $46,724
Peoplesbank, A Codorus Valley Company 2410 Eastern Boulevard York, PA 17402 Full Service B&M $105,548
Peoplesbank, A Codorus Valley Company 2510 Delta Road Brogue, PA 17309 Full Service B&M $68,620
Peoplesbank, A Codorus Valley Company 2587 Cape Horn Road Red Lion, PA 17356 Full Service B&M $131,684
Peoplesbank, A Codorus Valley Company 26 East Main Street New Freedom, PA 17349 Full Service B&M $61,593
Peoplesbank, A Codorus Valley Company 3002 Hempland Road Lancaster, PA 17601 Full Service B&M $47,007
Peoplesbank, A Codorus Valley Company 3160 Carlisle Road Dover, PA 17315 Full Service B&M $44,034
Peoplesbank, A Codorus Valley Company 320 N Main St York, PA 17408 Full Service B&M $127,188
Peoplesbank, A Codorus Valley Company 325 Wesley Drive Mechanicsburg, PA 17055 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 425 Westminster Avenue Hanover, PA 17331 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 5415 Belair Road Baltimore, MD 21206 Full Service B&M $27,975
Peoplesbank, A Codorus Valley Company 6 Baltimore Street Spring Grove, PA 17362 Full Service B&M $44,896
Peoplesbank, A Codorus Valley Company 625 Robert Fulton Hwy Quarryville, PA 17566 Limited, Drive-thru $0
Peoplesbank, A Codorus Valley Company 65 Eisenhower Drive Hanover, PA 17331 Full Service B&M $133,707
Peoplesbank, A Codorus Valley Company 9651 Belair Road Baltimore, MD 21236 Full Service B&M $70,726
Peoplesbank, A Codorus Valley Company 97 Sofia Drive Shrewsbury, PA 17361 Full Service B&M $24,961
Peoplesbank, A Codorus Valley Company One Market Way West, Suite 101 York, PA 17401 Full Service B&M $67,560

For 2021, Peoplesbank A Codorus Valley Company had 33 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $71,685
Net interest income $63,764
Total noninterest income $16,388
Gross Fiduciary activities income $4,502
Service charges on deposit accounts $2,014
Trading account gains and fees $0
Additional Noninterest Income $9,872
Pre-tax net operating income $21,384
Securities gains (or losses, -) $-23
Income before extraordinary items $16,776
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $16,776
Minority interest net income $0
Net income $16,776
Sale, conversion, retirement of capital stock, net $0
Net operating income $16,794

Peoplesbank A Codorus Valley Company's gross interest income from loans was $71,685,000.
Peoplesbank A Codorus Valley Company's net interest income from loans was $63,764,000.
Peoplesbank A Codorus Valley Company's fee based income from loans was $2,014,000.
Peoplesbank A Codorus Valley Company's net income from loans was $16,776,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $7,921
Provision for credit losses $3,663
Total noninterest expense $55,105
Salaries and employee benefits $33,447
Premises and equipment expense $6,368
Additional noninterest expense $15,290
Applicable income taxes $4,585
Net charge-offs $2,145
Cash dividends $4,800

Peoplesbank A Codorus Valley Company's interest expense for loans was $7,921,000.
Peoplesbank A Codorus Valley Company's payroll and benefits expense were $33,447,000.
Peoplesbank A Codorus Valley Company's property, plant and equipment expenses $6,368,000.

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 0.0%
Nonfarm, nonresidential loans 4.0%
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 $2,147,896
Deposits held in domestic offices $2,147,896
Deposits by Individuals, partnerships, and corporations $1,969,263
Deposits by U.S. Government $4
Deposits by States and political subdivisions in the U.S. $176,597
Deposits by Commercial banks and other depository institutions in U.S. $2,032
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $153,050
Demand deposits $109,220
Nontransaction accounts $1,994,846
Money market deposit accounts (MMDAs) $727,355
Other savings deposits (excluding MMDAs) $805,776
Total time deposits $461,715
Total time and savings deposits $2,038,676
Noninterest-bearing deposits $528,740
Interest-bearing deposits $1,619,156
Retail deposits $2,082,759
IRAs and Keogh plan accounts $90,828
Brokered deposits $2,198
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,414,844
Cash & Balances due from depository institutions $545,609
Interest-bearing balances $525,644
Total securities $254,285
Federal funds sold & reverse repurchase $0
Net loans and leases $1,514,844
Loan and leases loss allowance $22,782
Trading account assets $0
Bank premises and fixed assets $20,659
Other real estate owned $0
Goodwill and other intangibles $2,907
All other assets $76,540

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,414,844
Total Liabilities $2,182,319
Total deposits $2,147,896
Interest-bearing deposits $1,619,156
Deposits held in domestic offices $2,147,896
% insured (estimated) $80
Federal funds purchased and repurchase agreements $10,761
Trading liabilities $0
Other borrowed funds $11,269
Subordinated debt $0
All other liabilities $12,393

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,514,844
Loan and leases loss allowance $22,782
Total loans and leases (domestic) $1,537,626
All real estate loans $1,294,128
Real estate loans in domestic offices $1,294,128
Construction and development loans $193,914
Residential 1-4 family construction $42,198
Other construction, all land development and other land $151,716
Loans secured by nonfarm nonresidential properties $617,852
Nonfarm nonresidential secured by owner-occupied properties $257,818
Commercial real estate & other non-farm, non-residential $360,034
Multifamily residential real estate $92,743
1-4 family residential loans $310,380
Farmland loans $79,239
Loans held in foreign offices $0
Farm loans $10,468
Commercial and industrial loans $197,425
To non-U.S. addressees $0
Loans to individuals $12,219
Credit card loans $0
Related Plans $6,579
Consumer Auto Loans $327
Other loans to individuals $5,313
All other loans & leases $23,386
Loans to foreign governments and official institutions $0
Other loans $12,680
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $7,507
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $954
Non 1-4 family restructured loans & leases $770
Total loans and leases (foreign) $0

PEOPLESBANK A CODORUS VALLEY COMPANY had $1,514,844,000 of loans outstanding in 2021. $1,294,128,000 of loans were in real estate loans. $193,914,000 of loans were in development loans. $92,743,000 of loans were in multifamily mortgage loans. $310,380,000 of loans were in 1-4 family mortgage loans. $10,468,000 of loans were in farm loans. $0 of loans were in credit card loans. $327,000 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 467 $124,099 $265,737
Nonfarm, nonresidential loans - <$100k 56 $3,243 $57,911
Nonfarm, nonresidential loans - $100-250k 175 $24,819 $141,823
Nonfarm, nonresidential loans - $250k-1MM 236 $96,037 $406,936
Commercial & Industrial, US addressed loans - <$1MM 979 $89,467 $91,386
Commercial & Industrial, US addressed loans - <$100k 634 $19,160 $30,221
Commercial & Industrial, US addressed loans - $100-250k 180 $21,430 $119,056
Commercial & Industrial, US addressed loans - $250k-1MM 165 $48,877 $296,224
Farmland loans - <$1MM 142 $29,216 $205,746
Farmland loans - <$100k 23 $1,318 $57,304
Farmland loans - $100-250k 56 $8,135 $145,268
Farmland loans - $250k-1MM 63 $19,763 $313,698
Agriculture operations loans - <$1MM 126 $6,041 $47,944
Agriculture operations loans - <$100k 108 $3,155 $29,213
Agriculture operations loans - $100-250k 11 $1,138 $103,455
Agriculture operations loans - $250k-1MM 7 $1,748 $249,714