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 Home Purchase and Refi loans. Peoples Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, Milledgeville, and Toccoa among others. We have data for 6 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

    54

    Origination Dollar Volume (All Markets)

    $9,620,000

    Employee count

    51

    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) 33 $6,295,000 $190,758 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 14 $1,730,000 $123,571 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 4 $1,270,000 $317,500 $0 0.00%
    Milledgeville, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Toccoa, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
    Peoples Bank & Trust's top markets include Atlanta, Gainesville, Jefferson, Milledgeville, 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 54 $9,620,000 $178,148 $0 0.00%

    For 2021, Peoples Bank & Trust's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $4,660,000 $194,167 $0 0.00%
    Refi 21 $4,015,000 $191,190 $0 0.00%
    Cash Out Refi 9 $945,000 $105,000 $0 0.00%

    For 2021, Peoples Bank & Trust's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $9,620,000 $178,148 $0 0.00%

    For 2021, Peoples Bank & Trust's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 23 $3,665,000 $159,348 $0 0.00%
    $100,000 or less 17 $1,035,000 $60,882 $0 0.00%
    $200k-400k 11 $2,985,000 $271,364 $0 0.00%
    $400k-600k 2 $1,100,000 $550,000 $0 0.00%
    $600k-1MM 1 $835,000 $835,000 $0 0.00%

    2021 saw Peoples Bank & Trust place emphasis on $100k-200k loans with 23 originations, totaling $3,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9 $995,000 $110,556 $0 0.00%
    $250k+ 8 $2,630,000 $328,750 $0 0.00%
    $50k-75k 5 $715,000 $143,000 $0 0.00%
    $75k-100k 4 $410,000 $102,500 $0 0.00%
    $100k-150k 3 $305,000 $101,667 $0 0.00%

    Peoples Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $9,620,000 $178,148 $0 0.00%

    Peoples Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $5,470,000 $170,938 $0 0.00%
    Not applicable 20 $3,910,000 $195,500 $0 0.00%
    Black 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.43%

    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 54 $9,620,000 $178,148

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $9,620,000 $178,148

    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)
    Peoples Bank & Trust 1899 Buford Highway Buford, GA 30518 Full Service B&M $392,808

    For 2021, Peoples Bank & Trust had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,948
    Net interest income $11,069
    Total noninterest income $1,149
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $254
    Trading account gains and fees $0
    Additional Noninterest Income $895
    Pre-tax net operating income $3,493
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,957
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,957
    Minority interest net income $0
    Net income $2,957
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,957

    Peoples Bank & Trust's gross interest income from loans was $12,948,000.
    Peoples Bank & Trust's net interest income from loans was $11,069,000.
    Peoples Bank & Trust's fee based income from loans was $254,000.
    Peoples Bank & Trust's net income from loans was $2,957,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,879
    Provision for credit losses $-300
    Total noninterest expense $9,025
    Salaries and employee benefits $4,963
    Premises and equipment expense $643
    Additional noninterest expense $3,419
    Applicable income taxes $536
    Net charge-offs $-236
    Cash dividends $0

    Peoples Bank & Trust's interest expense for loans was $1,879,000.
    Peoples Bank & Trust's payroll and benefits expense were $4,963,000.
    Peoples Bank & Trust's property, plant and equipment expenses $643,000.

    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 $393,609
    Deposits held in domestic offices $393,609
    Deposits by Individuals, partnerships, and corporations $332,281
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $61,328
    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 $34,301
    Demand deposits $15,339
    Nontransaction accounts $359,308
    Money market deposit accounts (MMDAs) $51,950
    Other savings deposits (excluding MMDAs) $182,991
    Total time deposits $124,367
    Total time and savings deposits $378,270
    Noninterest-bearing deposits $87,390
    Interest-bearing deposits $306,219
    Retail deposits $336,467
    IRAs and Keogh plan accounts $15,725
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $439,255
    Cash & Balances due from depository institutions $36,383
    Interest-bearing balances $34,152
    Total securities $248,350
    Federal funds sold & reverse repurchase $0
    Net loans and leases $140,065
    Loan and leases loss allowance $1,734
    Trading account assets $0
    Bank premises and fixed assets $3,032
    Other real estate owned $1,275
    Goodwill and other intangibles $0
    All other assets $10,150

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $439,255
    Total Liabilities $395,329
    Total deposits $393,609
    Interest-bearing deposits $306,219
    Deposits held in domestic offices $393,609
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,720

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $140,065
    Loan and leases loss allowance $1,734
    Total loans and leases (domestic) $141,799
    All real estate loans $125,137
    Real estate loans in domestic offices $125,137
    Construction and development loans $44,931
    Residential 1-4 family construction $22,754
    Other construction, all land development and other land $22,177
    Loans secured by nonfarm nonresidential properties $49,558
    Nonfarm nonresidential secured by owner-occupied properties $41,391
    Commercial real estate & other non-farm, non-residential $8,167
    Multifamily residential real estate $0
    1-4 family residential loans $27,644
    Farmland loans $3,004
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,018
    To non-U.S. addressees $0
    Loans to individuals $2,271
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $796
    Other loans to individuals $1,475
    All other loans & leases $34
    Loans to foreign governments and official institutions $0
    Other loans $34
    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 $140,065,000 of loans outstanding in 2021. $125,137,000 of loans were in real estate loans. $44,931,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $27,644,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $796,000 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 $22,741 $206,736
    Nonfarm, nonresidential loans - <$100k 22 $558 $25,364
    Nonfarm, nonresidential loans - $100-250k 29 $3,632 $125,241
    Nonfarm, nonresidential loans - $250k-1MM 59 $18,551 $314,424
    Commercial & Industrial, US addressed loans - <$1MM 199 $3,596 $18,070
    Commercial & Industrial, US addressed loans - <$100k 176 $1,492 $8,477
    Commercial & Industrial, US addressed loans - $100-250k 15 $638 $42,533
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,466 $183,250
    Farmland loans - <$1MM 5 $846 $169,200
    Farmland loans - <$100k 2 $50 $25,000
    Farmland loans - $100-250k 2 $415 $207,500
    Farmland loans - $250k-1MM 1 $381 $381,000