Peoples Bank & Trust Mortgage Rates, Fees & Info
Buford, GA
LEI: 549300EJ3PWN9QTWAN34
Tax ID: 58-1542258
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Mortgage Data
Bank Data
Review & Overview
Peoples Bank & Trust is a smaller bank specializing in
Refi, Cash Out Refi, and Home Purchase loans. Peoples Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include:
Atlanta, Gainesville, and Brunswick among others. We have data for
4 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.
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Originations
61
Origination Dollar Volume (All Markets)
$12,335,000
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)
|
43
|
$8,245,000 |
$191,744 |
$0 |
0.00% |
|
GAINESVILLE, GA (FHA|USDA|VA)
|
16
|
$3,760,000 |
$235,000 |
$0 |
0.00% |
|
BRUNSWICK, GA (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$0 |
0.00% |
|
Outside of Metro Areas
|
1 |
$45,000 |
$45,000 |
$0 |
0.00% |
Peoples Bank & Trust's top markets include Atlanta, Gainesville, and Brunswick among others.
Their top states include:
Georgia
(FHA|USDA|VA)
Product Mix
| Loan Type |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Conventional |
61 |
$12,335,000 |
$202,213 |
$0 |
0.00% |
For 2019, Peoples Bank & Trust's most frequently
originated type
of loan was Conventional, with 61 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Refi |
24 |
$4,540,000 |
$189,167 |
$0 |
0.00% |
| Cash Out Refi |
21 |
$3,365,000 |
$160,238 |
$0 |
0.00% |
| Home Purchase |
16 |
$4,430,000 |
$276,875 |
$0 |
0.00% |
For 2019, Peoples Bank & Trust's most frequently cited loan
purpose was Refi, with 24
originations.
The 2nd most popular reason was Cash Out Refi,
with 21 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
61 |
$12,335,000 |
$202,213 |
$0 |
0.00% |
For 2019, Peoples Bank & Trust's most frequently cited loan
duration was Other, with 61 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
23 |
$3,385,000 |
$147,174 |
$0 |
0.00% |
| $100,000 or less |
16 |
$870,000 |
$54,375 |
$0 |
0.00% |
| $200k-400k |
14 |
$3,900,000 |
$278,571 |
$0 |
0.00% |
| $400k-600k |
7 |
$3,355,000 |
$479,286 |
$0 |
0.00% |
| $600k-1MM |
1 |
$825,000 |
$825,000 |
$0 |
0.00% |
2019 saw Peoples Bank & Trust place emphasis on
$100k-200k loans
with 23 originations, totaling
$3,385,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $150k-250k |
10 |
$1,960,000 |
$196,000 |
$0 |
0.00% |
| $50k or less |
8 |
$890,000 |
$111,250 |
$0 |
0.00% |
| $250k+ |
7 |
$2,315,000 |
$330,714 |
$0 |
0.00% |
| $100k-150k |
6 |
$1,530,000 |
$255,000 |
$0 |
0.00% |
| $50k-75k |
4 |
$510,000 |
$127,500 |
$0 |
0.00% |
| $75k-100k |
3 |
$405,000 |
$135,000 |
$0 |
0.00% |
Peoples Bank & Trust lent most frequently to those with incomes in the
$150k-250k range, with
10 originations.
The second most popular income band? $50k or less,
with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
61 |
$12,335,000 |
$202,213 |
$0 |
0.00% |
Peoples Bank & Trust lent most frequently to those with DTI ratios
of Exempt%, with
61 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
51 |
$10,515,000 |
$206,176 |
$0 |
0.00% |
| Not applicable |
10 |
$1,820,000 |
$182,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
100.00%
Peoples Bank & Trust has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
61 |
$12,335,000 |
$202,213 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
| Single Family (1-4 Units):Manufactured |
4 |
$110,000 |
$27,500 |
| Single Family (1-4 Units):Site-Built |
57 |
$12,225,000 |
$214,474 |
Complaints
| Bank Name |
Product |
Issue |
2019 CPFB Complaints |
% of Total Issues |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Conventional home mortgage |
Struggling to pay mortgage |
3 |
21.4% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Conventional home mortgage |
Trouble during payment process |
4 |
28.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
1 |
7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Home equity loan or line of credit (HELOC) |
Closing on a mortgage |
1 |
7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
2 |
14.3% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
1 |
7.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION |
Other type of mortgage |
Trouble during payment process |
2 |
14.3% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Peoples Bank & Trust |
1899 Buford Highway Buford, GA 30518 |
Full Service B&M
|
$296,878 |
For 2019, Peoples Bank & Trust had 1 branches.
Yearly Performance Overview
Bank Income
Peoples Bank & Trust's gross interest income from loans was $12,971,000.
Peoples Bank & Trust's net interest income from loans was $10,838,000.
Peoples Bank & Trust's fee based income from loans was $408,000.
Peoples Bank & Trust's net income from loans was $3,341,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,133 |
| Provision for credit losses |
$-135 |
| Total noninterest expense |
$8,576 |
| Salaries and employee benefits |
$4,674 |
| Premises and equipment expense |
$617 |
| Additional noninterest expense |
$3,285 |
| Applicable income taxes |
$756 |
| Net charge-offs |
$-277 |
| Cash dividends |
$229 |
Peoples Bank & Trust's interest expense for loans was $2,133,000.
Peoples Bank & Trust's payroll and benefits expense were $4,674,000.
Peoples Bank & Trust's property, plant and equipment expenses $617,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$299,139 |
| Deposits held in domestic offices |
$299,139 |
| Deposits by Individuals, partnerships, and corporations |
$244,987 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$54,152 |
| 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 |
$22,820 |
| Demand deposits |
$11,786 |
| Nontransaction accounts |
$276,319 |
| Money market deposit accounts (MMDAs) |
$32,852 |
| Other savings deposits (excluding MMDAs) |
$121,636 |
| Total time deposits |
$121,831 |
| Total time and savings deposits |
$287,353 |
| Noninterest-bearing deposits |
$56,548 |
| Interest-bearing deposits |
$242,591 |
| Retail deposits |
$247,106 |
| IRAs and Keogh plan accounts |
$16,129 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$336,668 |
| Cash & Balances due from depository institutions |
$43,523 |
| Interest-bearing balances |
$40,898 |
| Total securities |
$116,909 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$159,402 |
| Loan and leases loss allowance |
$1,509 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$3,391 |
| Other real estate owned |
$3,535 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$9,908 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$336,668 |
| Total Liabilities |
$300,408 |
| Total deposits |
$299,139 |
| Interest-bearing deposits |
$242,591 |
| Deposits held in domestic offices |
$299,139 |
| % insured (estimated) |
$70 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,269 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$159,402 |
| Loan and leases loss allowance |
$1,509 |
| Total loans and leases (domestic) |
$160,911 |
| All real estate loans |
$145,597 |
| Real estate loans in domestic offices |
$145,597 |
| Construction and development loans |
$50,717 |
| Residential 1-4 family construction |
$27,486 |
| Other construction, all land development and other land |
$23,231 |
| Loans secured by nonfarm nonresidential properties |
$55,660 |
| Nonfarm nonresidential secured by owner-occupied properties |
$42,993 |
| Commercial real estate & other non-farm, non-residential |
$12,667 |
| Multifamily residential real estate |
$0 |
| 1-4 family residential loans |
$38,593 |
| Farmland loans |
$627 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$12,701 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$3,074 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$1,348 |
| Other loans to individuals |
$1,726 |
| All other loans & leases |
$70 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$70 |
| 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 $159,402,000 of loans outstanding in 2019. $145,597,000 of loans were in real estate loans.
$50,717,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans.
$38,593,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $1,348,000 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 |
117 |
$29,682 |
$253,692 |
| Nonfarm, nonresidential loans - <$100k |
21 |
$766 |
$36,476 |
| Nonfarm, nonresidential loans - $100-250k |
31 |
$4,321 |
$139,387 |
| Nonfarm, nonresidential loans - $250k-1MM |
65 |
$24,595 |
$378,385 |
| Commercial & Industrial, US addressed loans - <$1MM |
215 |
$6,297 |
$29,288 |
| Commercial & Industrial, US addressed loans - <$100k |
184 |
$1,920 |
$10,435 |
| Commercial & Industrial, US addressed loans - $100-250k |
20 |
$1,592 |
$79,600 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
11 |
$2,785 |
$253,182 |
| Farmland loans - <$1MM |
5 |
$627 |
$125,400 |
| Farmland loans - <$100k |
2 |
$87 |
$43,500 |
| Farmland loans - $100-250k |
2 |
$275 |
$137,500 |
| Farmland loans - $250k-1MM |
1 |
$265 |
$265,000 |