Peoples Bank & Trust Mortgage Rates, Fees & Info

Buford, GA

LEI: 549300EJ3PWN9QTWAN34

Tax ID: 58-1542258

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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 Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Peoples Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, and Toccoa among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank & Trust has an above average approval rate when compared to the average across all 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.

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    Originations

    86

    Origination Dollar Volume (All Markets)

    $16,000,000

    Employee count

    53

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 57 $10,665,000 $187,105 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 17 $3,665,000 $215,588 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 7 $1,045,000 $149,286 $0 0.00%
    Outside of Metro Areas 4 $590,000 $147,500 $0 0.00%
    Toccoa, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Peoples Bank & Trust's top markets include Atlanta, Gainesville, Jefferson, and Toccoa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $16,000,000 $186,047 $0 0.00%

    For 2018, Peoples Bank & Trust's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 46 $7,870,000 $171,087 $0 0.00%
    Home Purchase 24 $5,710,000 $237,917 $0 0.00%
    Cash Out Refi 14 $2,120,000 $151,429 $0 0.00%
    Other 2 $300,000 $150,000 $0 0.00%

    For 2018, Peoples Bank & Trust's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $16,000,000 $186,047 $0 0.00%

    For 2018, Peoples Bank & Trust's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,435,000 $143,065 $0 0.00%
    $100,000 or less 28 $1,450,000 $51,786 $0 0.00%
    $200k-400k 17 $4,635,000 $272,647 $0 0.00%
    $400k-600k 8 $3,820,000 $477,500 $0 0.00%
    $600k-1MM 2 $1,660,000 $830,000 $0 0.00%

    2018 saw Peoples Bank & Trust place emphasis on $100k-200k loans with 31 originations, totaling $4,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $1,295,000 $76,176 $0 0.00%
    $100k-150k 15 $3,775,000 $251,667 $0 0.00%
    $250k+ 12 $3,900,000 $325,000 $0 0.00%
    $50k-75k 11 $1,465,000 $133,182 $0 0.00%
    $75k-100k 10 $1,770,000 $177,000 $0 0.00%
    $150k-250k 6 $1,450,000 $241,667 $0 0.00%

    Peoples Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $16,000,000 $186,047 $0 0.00%

    Peoples Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $12,995,000 $183,028 $0 0.00%
    Not applicable 11 $2,075,000 $188,636 $0 0.00%
    Asian 3 $875,000 $291,667 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.48%

    Peoples Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $16,000,000 $186,047

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $275,000 $55,000
    Single Family (1-4 Units):Site-Built 81 $15,725,000 $194,136

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 40.0%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 2 40.0%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Peoples Bank & Trust 1899 Buford Highway Buford, GA 30518 Full Service B&M $272,436

    For 2018, Peoples Bank & Trust had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,276
    Net interest income $9,922
    Total noninterest income $1,289
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $450
    Trading account gains and fees $0
    Additional Noninterest Income $839
    Pre-tax net operating income $3,793
    Securities gains (or losses, -) $-5
    Income before extraordinary items $3,023
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,023
    Minority interest net income $0
    Net income $3,023
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,027

    Peoples Bank & Trust's gross interest income from loans was $11,276,000.
    Peoples Bank & Trust's net interest income from loans was $9,922,000.
    Peoples Bank & Trust's fee based income from loans was $450,000.
    Peoples Bank & Trust's net income from loans was $3,023,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,354
    Provision for credit losses $-375
    Total noninterest expense $7,793
    Salaries and employee benefits $4,240
    Premises and equipment expense $607
    Additional noninterest expense $2,946
    Applicable income taxes $765
    Net charge-offs $-57
    Cash dividends $118

    Peoples Bank & Trust's interest expense for loans was $1,354,000.
    Peoples Bank & Trust's payroll and benefits expense were $4,240,000.
    Peoples Bank & Trust's property, plant and equipment expenses $607,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 $286,043
    Deposits held in domestic offices $286,043
    Deposits by Individuals, partnerships, and corporations $231,859
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,183
    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 $20,400
    Demand deposits $9,121
    Nontransaction accounts $265,642
    Money market deposit accounts (MMDAs) $32,745
    Other savings deposits (excluding MMDAs) $119,361
    Total time deposits $113,537
    Total time and savings deposits $276,921
    Noninterest-bearing deposits $59,342
    Interest-bearing deposits $226,701
    Retail deposits $242,374
    IRAs and Keogh plan accounts $15,907
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $316,812
    Cash & Balances due from depository institutions $44,608
    Interest-bearing balances $41,611
    Total securities $110,053
    Federal funds sold & reverse repurchase $0
    Net loans and leases $134,927
    Loan and leases loss allowance $1,367
    Trading account assets $0
    Bank premises and fixed assets $3,418
    Other real estate owned $12,960
    Goodwill and other intangibles $0
    All other assets $10,846

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $316,812
    Total Liabilities $286,563
    Total deposits $286,043
    Interest-bearing deposits $226,701
    Deposits held in domestic offices $286,043
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $520

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $134,927
    Loan and leases loss allowance $1,367
    Total loans and leases (domestic) $136,294
    All real estate loans $123,648
    Real estate loans in domestic offices $123,648
    Construction and development loans $31,953
    Residential 1-4 family construction $16,600
    Other construction, all land development and other land $15,353
    Loans secured by nonfarm nonresidential properties $54,629
    Nonfarm nonresidential secured by owner-occupied properties $40,929
    Commercial real estate & other non-farm, non-residential $13,700
    Multifamily residential real estate $0
    1-4 family residential loans $35,700
    Farmland loans $1,366
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,807
    To non-U.S. addressees $0
    Loans to individuals $3,175
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,324
    Other loans to individuals $1,851
    All other loans & leases $57
    Loans to foreign governments and official institutions $0
    Other loans $57
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Peoples Bank & Trust had $134,927,000 of loans outstanding in 2018. $123,648,000 of loans were in real estate loans. $31,953,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $35,700,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,324,000 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 123 $31,060 $252,520
    Nonfarm, nonresidential loans - <$100k 25 $812 $32,480
    Nonfarm, nonresidential loans - $100-250k 31 $4,255 $137,258
    Nonfarm, nonresidential loans - $250k-1MM 67 $25,993 $387,955
    Commercial & Industrial, US addressed loans - <$1MM 227 $5,571 $24,542
    Commercial & Industrial, US addressed loans - <$100k 196 $1,945 $9,923
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,162 $61,158
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $2,464 $205,333
    Farmland loans - <$1MM 5 $403 $80,600
    Farmland loans - <$100k 3 $130 $43,333
    Farmland loans - $100-250k 2 $273 $136,500