People's Bank Of Commerce Mortgage Rates, Fees & Info

Medford, OR

LEI: 549300HVPIN7YD1REF28

Tax ID: 91-1840442

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    People's Bank Of Commerce is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. People's Bank Of Commerce has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Medford, Grants Pass, Bend, Las Vegas, and Los Angeles among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    People's Bank Of Commerce has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. People's Bank Of Commerce is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    186

    Origination Dollar Volume (All Markets)

    $48,360,000

    Employee count

    103

    Awards

    People's Bank of Commerce 30 Year Conventional Loans silver
    Show all (1) awards

    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
    MEDFORD, OR (FHA|USDA|VA) 157 $40,135,000 $255,637 $4,108 4.25%
    GRANTS PASS, OR (FHA|USDA|VA) 17 $5,215,000 $306,765 $5,267 4.27%
    BEND, OR (FHA|USDA|VA) 3 $885,000 $295,000 $6,405 4.17%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $405,000 $405,000 $4,830 4.25%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $405,000 $405,000 $6,679 3.13%
    Brookings, OR (FHA|USDA|VA) 2 $320,000 $160,000 $4,198 3.94%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $305,000 $305,000 $3,445 4.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $255,000 $255,000 $4,152 3.25%
    Outside of Metro Areas 1 $205,000 $205,000 $3,830 3.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $185,000 $185,000 $4,487 4.25%
    Klamath Falls, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.33%
    People's Bank Of Commerce's top markets include Medford, Grants Pass, Bend, Las Vegas, and Los Angeles among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against People's Bank of Commerce based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRST COMMUNITY
    Similarity Rank: 216
    People's Bank of Commerce
    Similarity Rank: 473
    NORTHWEST COMMUNITY
    Similarity Rank: 1564
    MORTGAGE EXPRESS, LLC
    Similarity Rank: 1976
    ROGUE
    Similarity Rank: 2116
    MOUNTAIN WEST FINANCIAL, INC.
    Similarity Rank: 2720
    Bank 34
    Similarity Rank: 2860
    Banner Bank
    Similarity Rank: 3476
    SOVEREIGN LENDING GROUP INCORPORATED
    Similarity Rank: 3546
    PROVIDENT FUNDING ASSOCIATES, L.P.
    Similarity Rank: 5395

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $45,740,000 $259,886 $4,091 4.26%
    VA 6 $1,540,000 $256,667 $5,990 3.65%
    FHA 4 $1,080,000 $270,000 $8,232 4.06%

    For 2019, People's Bank Of Commerce's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was VA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $17,605,000 $255,145 $4,877 4.21%
    Cash Out Refi 57 $13,725,000 $240,789 $4,504 4.28%
    Refi 45 $15,695,000 $348,778 $4,177 3.98%
    Home Improvement 8 $840,000 $105,000 $1,484 4.93%
    Other 7 $495,000 $70,714 $454 5.09%

    For 2019, People's Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 136 $35,260,000 $259,265 $4,660 4.11%
    15 Year 29 $4,715,000 $162,586 $2,479 4.33%
    Other 15 $7,105,000 $473,667 $3,935 5.13%
    20 Year 5 $1,015,000 $203,000 $3,809 4.27%
    1 Year 1 $265,000 $265,000 $0 6.00%

    For 2019, People's Bank Of Commerce's most frequently cited loan duration was 30 Year, with 136 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 105 $25,845,000 $246,143
    $2k-3k 27 $6,975,000 $258,333
    $<1k 20 $2,440,000 $122,000
    $3k-4k 12 $3,950,000 $329,167
    $4k-5k 5 $1,435,000 $287,000
    $5k+ 3 $945,000 $315,000

    People's Bank Of Commerce's average total fees were $4,660, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 105 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 93 $24,255,000 $260,806
    4-5% 62 $17,180,000 $277,097
    5-6% 26 $4,250,000 $163,462
    6-7% 5 $2,675,000 $535,000

    During 2019, People's Bank Of Commerce's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 101 $27,785,000 $275,099 $4,752 4.12%
    $100k-200k 49 $7,975,000 $162,755 $4,014 4.23%
    $100,000 or less 18 $1,250,000 $69,444 $1,024 4.92%
    $400k-600k 13 $5,755,000 $442,692 $5,435 3.89%
    $1MM+ 3 $4,315,000 $1,438,333 $0 5.34%
    $600k-1MM 2 $1,280,000 $640,000 $5,992 4.81%

    2019 saw People's Bank Of Commerce place emphasis on $200k-400k loans with 101 originations, totaling $27,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $14,315,000 $280,686 $4,538 4.32%
    $50k-75k 37 $7,755,000 $209,595 $4,080 4.07%
    $75k-100k 32 $7,120,000 $222,500 $4,053 4.32%
    $50k or less 21 $3,385,000 $161,190 $3,750 4.13%
    $150k-250k 20 $5,550,000 $277,500 $4,426 4.06%
    $250k+ 17 $4,815,000 $283,235 $4,632 4.07%

    People's Bank Of Commerce lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $8,595,000 $232,297 $3,667 4.15%
    30-36% 34 $8,800,000 $258,824 $4,388 4.22%
    <20% 25 $5,755,000 $230,200 $3,920 4.20%
    39% 11 $2,405,000 $218,636 $3,547 4.13%
    42% 7 $2,335,000 $333,571 $4,393 4.53%
    38% 7 $2,075,000 $296,429 $5,309 4.29%
    40% 7 $1,145,000 $163,571 $3,101 4.43%
    43% 7 $1,765,000 $252,143 $4,588 4.07%
    41% 6 $1,380,000 $230,000 $5,049 3.97%
    36% 5 $1,215,000 $243,000 $3,213 4.42%
    47% 5 $1,045,000 $209,000 $5,736 4.00%
    46% 4 $1,180,000 $295,000 $4,212 3.75%
    45% 4 $940,000 $235,000 $4,640 4.41%
    44% 3 $585,000 $195,000 $4,035 4.13%
    48% 3 $565,000 $188,333 $5,262 3.83%
    49% 3 $825,000 $275,000 $4,848 3.67%
    37% 3 $475,000 $158,333 $2,728 4.24%
    50-60% 2 $960,000 $480,000 $10,320 4.74%
    >60% 1 $35,000 $35,000 $293 5.09%

    People's Bank Of Commerce lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $39,895,000 $238,892 $4,173 4.21%
    Not applicable 7 $5,175,000 $739,286 $0 5.28%
    Not provided 7 $1,835,000 $262,143 $5,543 4.00%
    Asian 3 $905,000 $301,667 $4,860 4.00%
    Black 1 $345,000 $345,000 $3,686 4.00%
    American Indian 1 $205,000 $205,000 $6,852 3.88%

    Approval Rates

    Total approvals of all applications
    90.31%

    People's Bank Of Commerce has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.81%

    People's Bank Of Commerce has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 186 $48,360,000 $260,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,240,000 $810,000
    Single Family (1-4 Units):Manufactured 3 $455,000 $151,667
    Single Family (1-4 Units):Site-Built 179 $44,665,000 $249,525

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,005,000 $158,158 $3,112 4.30%
    40-60% 38 $8,320,000 $218,947 $4,231 3.97%
    60-80% 85 $25,035,000 $294,529 $4,512 4.29%
    80-100% 27 $8,055,000 $298,333 $4,647 4.07%
    Over 100% 1 $1,605,000 $1,605,000 $0 6.25%
    Under 20% 9 $515,000 $57,222 $450 5.09%

    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)
    People's Bank of Commerce 1311 Barnett Rd. Suite 101 Medford, OR 97504 Full Service B&M $69,035
    People's Bank of Commerce 1500 Siskiyou Boulevard Ashland, OR 97520 Full Service B&M $51,247
    People's Bank of Commerce 1017 E Pine Street Central Point, OR 97502 Full Service B&M $26,927
    People's Bank of Commerce 1528 Biddle Road Medford, OR 97504 Full Service B&M $124,394
    People's Bank of Commerce 509 Se 7th Street Grants Pass, OR 97526 Full Service B&M $31,499
    People's Bank of Commerce 810 Main Street Suite 101 Klamath Falls, OR 97601 Full Service B&M $5,706

    For 2019, People's Bank Of Commerce had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,686
    Net interest income $17,291
    Total noninterest income $3,397
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $312
    Trading account gains and fees $0
    Additional Noninterest Income $3,085
    Pre-tax net operating income $5,505
    Securities gains (or losses, -) $-2
    Income before extraordinary items $4,068
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,068
    Minority interest net income $0
    Net income $4,068
    Sale, conversion, retirement of capital stock, net $1,817
    Net operating income $4,069

    People's Bank Of Commerce's gross interest income from loans was $18,686,000.
    People's Bank Of Commerce's net interest income from loans was $17,291,000.
    People's Bank Of Commerce's fee based income from loans was $312,000.
    People's Bank Of Commerce's net income from loans was $4,068,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,395
    Provision for credit losses $295
    Total noninterest expense $14,888
    Salaries and employee benefits $9,448
    Premises and equipment expense $2,244
    Additional noninterest expense $3,196
    Applicable income taxes $1,435
    Net charge-offs $-11
    Cash dividends $0

    People's Bank Of Commerce's interest expense for loans was $1,395,000.
    People's Bank Of Commerce's payroll and benefits expense were $9,448,000.
    People's Bank Of Commerce's property, plant and equipment expenses $2,244,000.

    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 1.0%
    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 $306,793
    Deposits held in domestic offices $306,793
    Deposits by Individuals, partnerships, and corporations $290,070
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,684
    Deposits by Commercial banks and other depository institutions in U.S. $7,039
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $31,625
    Demand deposits $24,792
    Nontransaction accounts $275,168
    Money market deposit accounts (MMDAs) $93,522
    Other savings deposits (excluding MMDAs) $163,230
    Total time deposits $18,417
    Total time and savings deposits $282,001
    Noninterest-bearing deposits $22,996
    Interest-bearing deposits $283,797
    Retail deposits $303,661
    IRAs and Keogh plan accounts $0
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $370,174
    Cash & Balances due from depository institutions $15,647
    Interest-bearing balances $8,594
    Total securities $27,734
    Federal funds sold & reverse repurchase $0
    Net loans and leases $287,747
    Loan and leases loss allowance $3,119
    Trading account assets $0
    Bank premises and fixed assets $20,306
    Other real estate owned $3,507
    Goodwill and other intangibles $3,485
    All other assets $11,748

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $370,174
    Total Liabilities $328,515
    Total deposits $306,793
    Interest-bearing deposits $283,797
    Deposits held in domestic offices $306,793
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,203
    Subordinated debt $0
    All other liabilities $5,519

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $287,747
    Loan and leases loss allowance $3,119
    Total loans and leases (domestic) $290,866
    All real estate loans $242,483
    Real estate loans in domestic offices $242,483
    Construction and development loans $15,743
    Residential 1-4 family construction $6,830
    Other construction, all land development and other land $8,913
    Loans secured by nonfarm nonresidential properties $166,720
    Nonfarm nonresidential secured by owner-occupied properties $80,425
    Commercial real estate & other non-farm, non-residential $86,295
    Multifamily residential real estate $12,745
    1-4 family residential loans $42,373
    Farmland loans $4,902
    Loans held in foreign offices $0
    Farm loans $262
    Commercial and industrial loans $44,201
    To non-U.S. addressees $0
    Loans to individuals $4,496
    Credit card loans $0
    Related Plans $4,143
    Consumer Auto Loans $81
    Other loans to individuals $272
    All other loans & leases $13
    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 $1,500
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,041
    Non 1-4 family restructured loans & leases $967
    Total loans and leases (foreign) $0

    People's Bank of Commerce had $287,747,000 of loans outstanding in 2019. $242,483,000 of loans were in real estate loans. $15,743,000 of loans were in development loans. $12,745,000 of loans were in multifamily mortgage loans. $42,373,000 of loans were in 1-4 family mortgage loans. $262,000 of loans were in farm loans. $0 of loans were in credit card loans. $81,000 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 218 $63,327 $290,491
    Nonfarm, nonresidential loans - <$100k 19 $858 $45,158
    Nonfarm, nonresidential loans - $100-250k 77 $10,916 $141,766
    Nonfarm, nonresidential loans - $250k-1MM 122 $51,553 $422,566
    Commercial & Industrial, US addressed loans - <$1MM 473 $26,348 $55,704
    Commercial & Industrial, US addressed loans - <$100k 365 $7,194 $19,710
    Commercial & Industrial, US addressed loans - $100-250k 56 $4,722 $84,321
    Commercial & Industrial, US addressed loans - $250k-1MM 52 $14,432 $277,538
    Farmland loans - <$1MM 6 $1,113 $185,500
    Farmland loans - <$100k 2 $71 $35,500
    Farmland loans - $100-250k 2 $322 $161,000
    Farmland loans - $250k-1MM 2 $720 $360,000
    Agriculture operations loans - <$1MM 4 $262 $65,500
    Agriculture operations loans - <$100k 2 $5 $2,500
    Agriculture operations loans - $100-250k 2 $257 $128,500