The Peoples State Bank Mortgage Rates, Fees & Info
Ellettsville, IN
LEI: 549300GQOPGZ1DO0MZ49
Tax ID: 35-0576690
5 stars
-
out of 5 stars, based on 22 reviews
Jump to:
Mortgage Data
Bank Data
Overview
The Peoples State Bank is a
smaller
bank
specializing in
Home Purchase, Refi, and Cash Out Refi loans.
The Peoples State Bank has a high proportion of conventional loans.
Their top markets include Bloomington, Indianapolis, Bedford, Columbus, and Madison among others. The Peoples State Bank 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.
The Peoples State Bank is typically
a low fee
lendor.
Originations
487
Origination Dollar Volume (All Markets)
$109,905,000
Employee count
94
Show all (3) awards
×
The Peoples State Bank - 2021
The Peoples State Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for The Peoples State Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
![]()
Relative Rate
The Peoples State Bank's average 30 year fixed rate mortgage of loans were
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.03%.
Relative Fees
The Peoples State Bank's average total fees for a 30 year fixed rate
mortgage are $2,220.
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 |
|
BLOOMINGTON, IN (FHA|USDA|VA)
|
309
|
$76,335,000 |
$247,039 |
$2,168 |
3.01% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
141
|
$26,215,000 |
$185,922 |
$2,177 |
3.12% |
|
Bedford, IN (FHA|USDA|VA)
|
12
|
$3,060,000 |
$255,000 |
$2,147 |
3.26% |
|
Outside of Metro Areas
|
13 |
$2,215,000 |
$170,385 |
$2,067 |
3.07% |
|
COLUMBUS, IN (FHA|USDA|VA)
|
4
|
$760,000 |
$190,000 |
$2,090 |
3.00% |
|
Madison, IN (FHA|USDA|VA)
|
2
|
$310,000 |
$155,000 |
$2,127 |
2.63% |
|
EVANSVILLE, IN-KY (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$2,113 |
2.50% |
|
TERRE HAUTE, IN (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$1,974 |
3.13% |
|
FORT WAYNE, IN (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$2,001 |
3.50% |
|
Marion, IN (FHA|USDA|VA)
|
2
|
$170,000 |
$85,000 |
$0 |
3.56% |
|
Seymour, IN (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$2,014 |
2.25% |
The Peoples State Bank's top markets include Bloomington, Indianapolis, Bedford, Columbus, and Madison among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
487 |
$109,905,000 |
$225,678 |
$2,165 |
3.05% |
For the 2021 period, The Peoples State Bank's most frequently
originated loan type
of loans were Conventional, with 487 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
188 |
$48,780,000 |
$259,468 |
$2,211 |
3.23% |
| Refi |
167 |
$34,665,000 |
$207,575 |
$2,106 |
2.88% |
| Cash Out Refi |
128 |
$25,790,000 |
$201,484 |
$2,181 |
3.03% |
| Home Improvement |
4 |
$670,000 |
$167,500 |
$2,051 |
2.72% |
For the 2021, The Peoples State Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 188
originations.
The 2nd most popular reason of loans were Refi,
with 167 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
288 |
$64,130,000 |
$222,674 |
$2,220 |
3.12% |
| 15 Year |
105 |
$16,485,000 |
$157,000 |
$2,128 |
2.50% |
| 20 Year |
57 |
$22,485,000 |
$394,474 |
$2,000 |
3.50% |
| Other |
22 |
$4,460,000 |
$202,727 |
$1,953 |
3.95% |
| 10 Year |
14 |
$2,110,000 |
$150,714 |
$2,034 |
2.30% |
| 1 Year |
1 |
$235,000 |
$235,000 |
$0 |
5.00% |
For the 2021, The Peoples State Bank's most frequently cited loan
length
of loans were 30 Year, with 288 originations.
The 2nd most popular length of loans were 15 Year,
with 105 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
408 |
$83,790,000 |
$205,368 |
| $1k-2k |
20 |
$4,270,000 |
$213,500 |
| $2k-3k |
4 |
$1,750,000 |
$437,500 |
| $5k+ |
1 |
$505,000 |
$505,000 |
$2,220 of loans were The Peoples State Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 408 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
208 |
$47,150,000 |
$226,683 |
| 3-4% |
138 |
$34,260,000 |
$248,261 |
| <2.5% |
96 |
$15,000,000 |
$156,250 |
| 4-5% |
41 |
$12,845,000 |
$313,293 |
| 5-6% |
2 |
$510,000 |
$255,000 |
| 6-7% |
1 |
$45,000 |
$45,000 |
During 2021, The Peoples State Bank's average interest
rate of loans were 3.12%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 208 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
196 |
$28,650,000 |
$146,173 |
$2,059 |
3.07% |
| $200k-400k |
165 |
$44,705,000 |
$270,939 |
$2,232 |
3.04% |
| $100,000 or less |
83 |
$6,135,000 |
$73,916 |
$2,007 |
3.00% |
| $400k-600k |
40 |
$18,790,000 |
$469,750 |
$2,653 |
3.06% |
| $1MM+ |
2 |
$10,700,000 |
$5,350,000 |
$0 |
4.13% |
| $600k-1MM |
1 |
$925,000 |
$925,000 |
$0 |
4.00% |
2021 saw The Peoples State Bank place emphasis on
$100k-200k loans
with 196 originations, totaling
$28,650,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $75k-100k |
119 |
$23,045,000 |
$193,655 |
$2,140 |
3.03% |
| $50k or less |
99 |
$12,005,000 |
$121,263 |
$2,063 |
3.03% |
| $100k-150k |
91 |
$23,575,000 |
$259,066 |
$2,230 |
2.91% |
| $50k-75k |
87 |
$15,815,000 |
$181,782 |
$2,107 |
3.01% |
| $150k-250k |
47 |
$12,795,000 |
$272,234 |
$2,255 |
3.02% |
| $250k+ |
22 |
$6,780,000 |
$308,182 |
$2,682 |
3.26% |
The Peoples State Bank lent most frequently to those with incomes in the
$75k-100k range, with
119 originations.
The second most popular income band? $50k or less,
with 99 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
143 |
$28,165,000 |
$196,958 |
$2,156 |
2.92% |
| <20% |
78 |
$14,500,000 |
$185,897 |
$2,207 |
2.77% |
| 30-36% |
67 |
$13,385,000 |
$199,776 |
$2,148 |
2.94% |
| 38% |
22 |
$4,880,000 |
$221,818 |
$2,144 |
3.11% |
| 36% |
19 |
$3,915,000 |
$206,053 |
$2,098 |
3.26% |
| 37% |
19 |
$3,955,000 |
$208,158 |
$2,118 |
3.24% |
| 39% |
17 |
$2,485,000 |
$146,176 |
$2,116 |
3.04% |
| 43% |
16 |
$2,780,000 |
$173,750 |
$2,093 |
2.90% |
| 45% |
16 |
$3,610,000 |
$225,625 |
$2,178 |
3.21% |
| 41% |
14 |
$3,800,000 |
$271,429 |
$2,253 |
3.00% |
| 44% |
11 |
$2,535,000 |
$230,455 |
$2,009 |
2.72% |
| 42% |
10 |
$2,550,000 |
$255,000 |
$2,433 |
3.16% |
| 40% |
9 |
$1,885,000 |
$209,444 |
$2,130 |
3.49% |
| 47% |
6 |
$1,730,000 |
$288,333 |
$2,379 |
2.79% |
| 46% |
5 |
$1,405,000 |
$281,000 |
$2,235 |
3.30% |
| 49% |
3 |
$1,115,000 |
$371,667 |
$2,217 |
2.67% |
| 50-60% |
3 |
$485,000 |
$161,667 |
$2,033 |
3.13% |
| 48% |
1 |
$365,000 |
$365,000 |
$2,328 |
2.75% |
The Peoples State Bank lent most frequently to those with DTI ratios
of 20-30%, with
143 originations.
The next most common DTI ratio? <20%,
with 78 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
441 |
$89,145,000 |
$202,143 |
$2,168 |
3.01% |
| Not applicable |
15 |
$14,295,000 |
$953,000 |
$0 |
4.31% |
| Not provided |
16 |
$2,930,000 |
$183,125 |
$2,162 |
2.85% |
| Asian |
9 |
$2,365,000 |
$262,778 |
$2,101 |
2.97% |
| Black |
5 |
$965,000 |
$193,000 |
$2,065 |
3.60% |
| Native Hawaiian |
1 |
$205,000 |
$205,000 |
$1,924 |
2.25% |
Approval Rates
Total approvals of all applications
93.30%
The Peoples State Bank has an average approval rate.
Pick Rate
Approvals leading to origination
93.68%
The Peoples State Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
487 |
$109,905,000 |
$225,678 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
487 |
$109,905,000 |
$225,678 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
51 |
$5,675,000 |
$111,275 |
$2,072 |
2.70% |
| 40-60% |
125 |
$22,605,000 |
$180,840 |
$2,164 |
2.93% |
| 60-80% |
226 |
$63,090,000 |
$279,159 |
$2,210 |
3.20% |
| 80-100% |
73 |
$17,115,000 |
$234,452 |
$2,152 |
3.00% |
| Over 100% |
3 |
$745,000 |
$248,333 |
$1,937 |
4.25% |
| Under 20% |
9 |
$675,000 |
$75,000 |
$1,813 |
3.10% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| TOP FLITE FINANCIAL INC |
FHA mortgage |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| The Peoples State Bank |
200 Kirkwood Bloomington, IN 47401 |
Full Service B&M
|
$25,580 |
| The Peoples State Bank |
50 North 9th Street Noblesville, IN 46060 |
Full Service B&M
|
$2,443 |
| The Peoples State Bank |
525 Clarizz Blvd. Bloomington, IN 47408 |
Full Service B&M
|
$29,524 |
| The Peoples State Bank |
601 East Temperance Street Ellettsville, IN 47429 |
Full Service B&M
|
$93,517 |
| The Peoples State Bank |
830 Logan Street Noblesville, IN 46060 |
Full Service B&M
|
$0 |
| The Peoples State Bank |
Salt Creek Plaza Nashville, IN 47448 |
Full Service B&M
|
$34,990 |
| The Peoples State Bank |
State Road 67, Rr #1 Paragon, IN 46166 |
Full Service B&M
|
$12,709 |
| The Peoples State Bank |
202 West 17th Street Bloomington, IN 47401 |
Full Service B&M
|
$33,897 |
| The Peoples State Bank |
289 South Marion Street Morgantown, IN 46160 |
Full Service B&M
|
$15,384 |
| The Peoples State Bank |
301 East Winslow Road Bloomington, IN 47401 |
Full Service B&M
|
$40,120 |
| The Peoples State Bank |
304 Morgan Street Spencer, IN 47460 |
Full Service B&M
|
$34,907 |
| The Peoples State Bank |
3400 West Third Street Bloomington, IN 47404 |
Full Service B&M
|
$16,113 |
For 2021, The Peoples State Bank had 12 branches.
Yearly Performance Overview
Bank Income
The Peoples State Bank's gross interest income from loans was $12,891,000.
The Peoples State Bank's net interest income from loans was $11,969,000.
The Peoples State Bank's fee based income from loans was $330,000.
The Peoples State Bank's net income from loans was $8,314,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$922 |
| Provision for credit losses |
$0 |
| Total noninterest expense |
$10,621 |
| Salaries and employee benefits |
$6,484 |
| Premises and equipment expense |
$977 |
| Additional noninterest expense |
$3,160 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$-3 |
| Cash dividends |
$2,037 |
The Peoples State Bank's interest expense for loans was $922,000.
The Peoples State Bank's payroll and benefits expense were $6,484,000.
The Peoples State Bank's property, plant and equipment expenses $977,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$359,910 |
| Deposits held in domestic offices |
$359,910 |
| Deposits by Individuals, partnerships, and corporations |
$307,915 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$51,995 |
| 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 |
$182,007 |
| Demand deposits |
$98,693 |
| Nontransaction accounts |
$177,903 |
| Money market deposit accounts (MMDAs) |
$11,798 |
| Other savings deposits (excluding MMDAs) |
$119,440 |
| Total time deposits |
$46,665 |
| Total time and savings deposits |
$261,217 |
| Noninterest-bearing deposits |
$98,693 |
| Interest-bearing deposits |
$261,217 |
| Retail deposits |
$354,578 |
| IRAs and Keogh plan accounts |
$9,320 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$426,112 |
| Cash & Balances due from depository institutions |
$24,675 |
| Interest-bearing balances |
$19,399 |
| Total securities |
$182,701 |
| Federal funds sold & reverse repurchase |
$1,065 |
| Net loans and leases |
$201,851 |
| Loan and leases loss allowance |
$2,177 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$7,685 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$2,543 |
| All other assets |
$5,592 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$426,112 |
| Total Liabilities |
$381,758 |
| Total deposits |
$359,910 |
| Interest-bearing deposits |
$261,217 |
| Deposits held in domestic offices |
$359,910 |
| % insured (estimated) |
$79 |
| Federal funds purchased and repurchase agreements |
$8,288 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$12,500 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,060 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$201,851 |
| Loan and leases loss allowance |
$2,177 |
| Total loans and leases (domestic) |
$204,028 |
| All real estate loans |
$179,462 |
| Real estate loans in domestic offices |
$179,462 |
| Construction and development loans |
$36,333 |
| Residential 1-4 family construction |
$11,812 |
| Other construction, all land development and other land |
$24,521 |
| Loans secured by nonfarm nonresidential properties |
$63,405 |
| Nonfarm nonresidential secured by owner-occupied properties |
$23,324 |
| Commercial real estate & other non-farm, non-residential |
$40,081 |
| Multifamily residential real estate |
$23,174 |
| 1-4 family residential loans |
$55,562 |
| Farmland loans |
$988 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$15,678 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$3,561 |
| Credit card loans |
$0 |
| Related Plans |
$110 |
| Consumer Auto Loans |
$2,035 |
| Other loans to individuals |
$1,416 |
| All other loans & leases |
$5,327 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$13 |
| 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 |
The Peoples State Bank had $201,851,000 of loans outstanding in 2021. $179,462,000 of loans were in real estate loans.
$36,333,000 of loans were in development loans. $23,174,000 of loans were in multifamily mortgage loans.
$55,562,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $2,035,000 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 |
91 |
$29,146 |
$320,286 |
| Nonfarm, nonresidential loans - <$100k |
9 |
$399 |
$44,333 |
| Nonfarm, nonresidential loans - $100-250k |
24 |
$3,149 |
$131,208 |
| Nonfarm, nonresidential loans - $250k-1MM |
58 |
$25,598 |
$441,345 |
| Commercial & Industrial, US addressed loans - <$1MM |
154 |
$14,103 |
$91,578 |
| Commercial & Industrial, US addressed loans - <$100k |
96 |
$2,952 |
$30,750 |
| Commercial & Industrial, US addressed loans - $100-250k |
36 |
$4,550 |
$126,389 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
22 |
$6,601 |
$300,045 |
| Farmland loans - <$1MM |
7 |
$988 |
$141,143 |
| Farmland loans - <$100k |
2 |
$177 |
$88,500 |
| Farmland loans - $100-250k |
3 |
$430 |
$143,333 |
| Farmland loans - $250k-1MM |
2 |
$381 |
$190,500 |
