Peoples Bank & Trust Mortgage Rates, Fees & Info
Buford, GALEI: 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 and Home Purchase loans. Peoples Bank & Trust has a high proportion of conventional loans. Their top two markets are Atlanta and Gainesville .Peoples Bank & Trust has an above average approval rate when compared to the average across all lenders.
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Originations
42Origination Dollar Volume (All Markets)
$8,280,000Employee count
54Top 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) | 27 | $5,065,000 | $187,593 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 12 | $2,630,000 | $219,167 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $585,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $8,280,000 | $197,143 | $0 | 0.00% |
For 2020, Peoples Bank & Trust's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 18 | $4,380,000 | $243,333 | $0 | 0.00% |
| Home Purchase | 16 | $3,160,000 | $197,500 | $0 | 0.00% |
| Cash Out Refi | 8 | $740,000 | $92,500 | $0 | 0.00% |
For 2020, Peoples Bank & Trust's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $8,280,000 | $197,143 | $0 | 0.00% |
For 2020, Peoples Bank & Trust's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2020 saw Peoples Bank & Trust place emphasis on $100k-200k loans with 17 originations, totaling $2,435,000 in origination value.
Applicant Income
Peoples Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $8,280,000 | $197,143 | $0 | 0.00% |
Peoples Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
Peoples Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $8,280,000 | $197,143 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $370,000 | $185,000 |
| Single Family (1-4 Units):Site-Built | 40 | $7,910,000 | $197,750 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Other type of mortgage | Struggling to pay mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 11.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 11.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 4 | 22.2% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 6 | 33.3% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 5.6% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Peoples Bank & Trust | 1899 Buford Highway Buford, GA 30518 | Full Service B&M | $334,700 |
For 2020, Peoples Bank & Trust had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,452 |
| Net interest income | $11,206 |
| Total noninterest income | $1,054 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $284 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $770 |
| Pre-tax net operating income | $3,394 |
| Securities gains (or losses, -) | $1,569 |
| Income before extraordinary items | $4,105 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,105 |
| Minority interest net income | $0 |
| Net income | $4,105 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,802 |
Peoples Bank & Trust's gross interest income from loans was $13,452,000.
Peoples Bank & Trust's net interest income from loans was $11,206,000.
Peoples Bank & Trust's fee based income from loans was $284,000.
Peoples Bank & Trust's net income from loans was $4,105,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,246 |
| Provision for credit losses | $240 |
| Total noninterest expense | $8,626 |
| Salaries and employee benefits | $5,016 |
| Premises and equipment expense | $684 |
| Additional noninterest expense | $2,926 |
| Applicable income taxes | $858 |
| Net charge-offs | $-49 |
| Cash dividends | $119 |
Peoples Bank & Trust's interest expense for loans was $2,246,000.
Peoples Bank & Trust's payroll and benefits expense were $5,016,000.
Peoples Bank & Trust's property, plant and equipment expenses $684,000.
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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $343,765 |
| Deposits held in domestic offices | $343,765 |
| Deposits by Individuals, partnerships, and corporations | $295,703 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $48,062 |
| 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 | $33,053 |
| Demand deposits | $21,548 |
| Nontransaction accounts | $310,712 |
| Money market deposit accounts (MMDAs) | $41,335 |
| Other savings deposits (excluding MMDAs) | $144,507 |
| Total time deposits | $124,870 |
| Total time and savings deposits | $322,217 |
| Noninterest-bearing deposits | $77,107 |
| Interest-bearing deposits | $266,658 |
| Retail deposits | $286,408 |
| IRAs and Keogh plan accounts | $16,370 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $389,638 |
| Cash & Balances due from depository institutions | $47,723 |
| Interest-bearing balances | $43,450 |
| Total securities | $172,834 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $153,494 |
| Loan and leases loss allowance | $1,798 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,228 |
| Other real estate owned | $2,391 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,968 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $389,638 |
| Total Liabilities | $345,995 |
| Total deposits | $343,765 |
| Interest-bearing deposits | $266,658 |
| Deposits held in domestic offices | $343,765 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,230 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $153,494 |
| Loan and leases loss allowance | $1,798 |
| Total loans and leases (domestic) | $155,292 |
| All real estate loans | $127,612 |
| Real estate loans in domestic offices | $127,612 |
| Construction and development loans | $40,761 |
| Residential 1-4 family construction | $17,378 |
| Other construction, all land development and other land | $23,383 |
| Loans secured by nonfarm nonresidential properties | $49,390 |
| Nonfarm nonresidential secured by owner-occupied properties | $41,963 |
| Commercial real estate & other non-farm, non-residential | $7,427 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $36,787 |
| Farmland loans | $674 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $25,865 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,370 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $927 |
| Other loans to individuals | $1,443 |
| All other loans & leases | $37 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $37 |
| 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 $153,494,000 of loans outstanding in 2020. $127,612,000 of loans were in real estate loans. $40,761,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $36,787,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $927,000 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 | 110 | $22,365 | $203,318 |
| Nonfarm, nonresidential loans - <$100k | 26 | $1,029 | $39,577 |
| Nonfarm, nonresidential loans - $100-250k | 28 | $3,865 | $138,036 |
| Nonfarm, nonresidential loans - $250k-1MM | 56 | $17,471 | $311,982 |
| Commercial & Industrial, US addressed loans - <$1MM | 205 | $4,952 | $24,156 |
| Commercial & Industrial, US addressed loans - <$100k | 174 | $1,340 | $7,701 |
| Commercial & Industrial, US addressed loans - $100-250k | 22 | $1,432 | $65,091 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 9 | $2,180 | $242,222 |
| Farmland loans - <$1MM | 4 | $674 | $168,500 |
| Farmland loans - <$100k | 2 | $139 | $69,500 |
| Farmland loans - $100-250k | 1 | $198 | $198,000 |
| Farmland loans - $250k-1MM | 1 | $337 | $337,000 |