The Peoples Community Bank Mortgage Rates, Fees & Info

Mazomanie, WI

LEI: 549300HWFLUA8V78OT27

Tax ID: 39-0532600

5 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Peoples Community Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Peoples Community Bank has a high proportion of conventional loans. Their top markets include Madison, Baraboo, Platteville, Milwaukee, and Minneapolis among others. The Peoples Community Bank has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. The Peoples Community Bank is typically an average fee lendor.


Originations

472

Origination Dollar Volume (All Markets)

$94,050,000

Employee count

52

Awards

The Peoples Community Bank 30 Year Conventional Loans gold The Peoples Community Bank 30 Year Conventional Loans gold The Peoples Community Bank 30 Year Conventional Loans gold The Peoples Community Bank 30 Year Conventional Loans gold
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Relative Rate

The Peoples Community Bank's average 30 year fixed rate mortgage of loans were 2.8%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.35%.

Relative Fees

The Peoples Community Bank's average total fees for a 30 year fixed rate mortgage are $3,740.

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
MADISON, WI (FHA|USDA|VA) 214 $46,090,000 $215,374 $3,041 2.60%
Outside of Metro Areas 118 $21,500,000 $182,203 $2,739 2.67%
Baraboo, WI (FHA|USDA|VA) 104 $20,940,000 $201,346 $2,999 2.65%
Platteville, WI (FHA|USDA|VA) 23 $2,785,000 $121,087 $2,692 2.87%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $820,000 $205,000 $2,940 2.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $470,000 $235,000 $4,414 2.88%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $395,000 $395,000 $2,341 2.88%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $265,000 $265,000 $3,142 2.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $245,000 $245,000 $4,923 2.38%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,366 3.13%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $175,000 $175,000 $3,885 2.50%
Menomonie, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,233 2.88%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.25%

The Peoples Community Bank's top markets include Madison, Baraboo, Platteville, Milwaukee, and Minneapolis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 472 $94,050,000 $199,258 $2,950 2.64%

For the 2021 period, The Peoples Community Bank's most frequently originated loan type of loans were Conventional, with 472 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 169 $40,385,000 $238,964 $3,128 2.96%
Cash Out Refi 152 $27,990,000 $184,145 $3,455 2.56%
Refi 138 $23,600,000 $171,014 $2,321 2.32%
Other 9 $1,825,000 $202,778 $1,908 2.88%
Home Improvement 4 $250,000 $62,500 $1,589 3.06%

For the 2021, The Peoples Community Bank's most frequently cited loan purpose of loans were Home Purchase, with 169 originations. The 2nd most popular reason of loans were Cash Out Refi, with 152 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 205 $47,945,000 $233,878 $3,740 2.80%
15 Year 138 $22,660,000 $164,203 $2,482 2.13%
20 Year 40 $7,470,000 $186,750 $3,120 2.50%
Other 39 $7,955,000 $203,974 $869 3.56%
10 Year 27 $3,345,000 $123,889 $1,788 2.00%
5 Year 13 $2,885,000 $221,923 $100 3.64%
1 Year 6 $1,030,000 $171,667 $1,581 3.75%
3 Year 4 $760,000 $190,000 $0 4.21%

For the 2021, The Peoples Community Bank's most frequently cited loan length of loans were 30 Year, with 205 originations. The 2nd most popular length of loans were 15 Year, with 138 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 155 $20,245,000 $130,613
$1k-2k 132 $25,390,000 $192,348
$2k-3k 64 $15,660,000 $244,688
$3k-4k 47 $14,025,000 $298,404
$5k+ 28 $10,000,000 $357,143

$3,740 of loans were The Peoples Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 155 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 237 $41,685,000 $175,886
2.5-3% 157 $34,915,000 $222,389
3-4% 67 $15,765,000 $235,299
4-5% 11 $1,685,000 $153,182

During 2021, The Peoples Community Bank's average interest rate of loans were 2.80%, while their most frequently originated rate bucket of loans were <2.5%, with 237 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 180 $26,930,000 $149,611 $2,495 2.55%
$200k-400k 147 $40,355,000 $274,524 $3,807 2.68%
$100,000 or less 109 $7,685,000 $70,505 $1,587 2.66%
$400k-600k 33 $15,915,000 $482,273 $5,563 2.83%
$1MM+ 2 $2,480,000 $1,240,000 $0 3.72%
$600k-1MM 1 $685,000 $685,000 $225 3.50%

2021 saw The Peoples Community Bank place emphasis on $100k-200k loans with 180 originations, totaling $26,930,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 104 $16,090,000 $154,712 $2,648 2.60%
$100k-150k 102 $22,130,000 $216,961 $3,079 2.56%
$75k-100k 82 $16,170,000 $197,195 $3,356 2.54%
$50k or less 76 $8,300,000 $109,211 $2,046 2.67%
$150k-250k 71 $19,145,000 $269,648 $3,555 2.58%
$250k+ 23 $8,965,000 $389,783 $3,670 2.84%

The Peoples Community Bank lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $100k-150k, with 102 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 148 $28,230,000 $190,743 $2,909 2.54%
30-36% 88 $19,700,000 $223,864 $3,159 2.65%
<20% 81 $13,125,000 $162,037 $2,494 2.43%
37% 17 $4,255,000 $250,294 $3,902 2.59%
36% 14 $2,370,000 $169,286 $2,840 2.54%
43% 14 $3,780,000 $270,000 $2,534 2.75%
39% 12 $2,660,000 $221,667 $2,821 2.86%
38% 11 $1,905,000 $173,182 $2,381 2.58%
44% 11 $1,985,000 $180,455 $3,494 2.65%
40% 11 $2,095,000 $190,455 $3,842 2.94%
46% 10 $2,680,000 $268,000 $3,310 3.05%
42% 8 $2,200,000 $275,000 $3,703 2.61%
41% 8 $1,050,000 $131,250 $2,463 2.74%
45% 7 $1,655,000 $236,429 $3,678 2.52%
47% 5 $885,000 $177,000 $2,962 2.84%
48% 5 $1,055,000 $211,000 $3,428 2.72%
49% 3 $695,000 $231,667 $2,718 2.54%
50-60% 3 $405,000 $135,000 $2,085 2.70%
>60% 1 $5,000 $5,000 $180 3.75%

The Peoples Community Bank lent most frequently to those with DTI ratios of 20-30%, with 148 originations. The next most common DTI ratio? 30-36%, with 88 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 445 $88,035,000 $197,831 $2,946 2.60%
Not applicable 14 $3,250,000 $232,143 $0 3.96%
Not provided 8 $1,930,000 $241,250 $2,778 2.67%
Asian 4 $610,000 $152,500 $2,880 2.61%
Black 1 $225,000 $225,000 $6,337 2.25%

Approval Rates

Total approvals of all applications
96.02%

The Peoples Community Bank 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
98.69%

The Peoples Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 472 $94,050,000 $199,258

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
472 $94,050,000 $199,258

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 55 $7,175,000 $130,455 $1,752 2.42%
40-60% 125 $21,725,000 $173,800 $2,202 2.42%
60-80% 192 $44,710,000 $232,865 $3,755 2.67%
80-100% 84 $19,140,000 $227,857 $3,548 2.89%
Over 100% 2 $310,000 $155,000 $0 3.78%
Under 20% 13 $885,000 $68,077 $949 3.47%

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 Community Bank 100 Ernie Drive Barneveld, WI 53507 Full Service B&M $46,608
The Peoples Community Bank 1065 Main Street Plain, WI 53577 Full Service B&M $58,353
The Peoples Community Bank 166 South Lexington Street Spring Green, WI 53588 Full Service B&M $56,750
The Peoples Community Bank 187 South Central Avenue Richland Center, WI 53581 Full Service B&M $34,270
The Peoples Community Bank 222 West Commercial Street Mazomanie, WI 53560 Full Service B&M $79,878
The Peoples Community Bank 614 Highway 14 Arena, WI 53503 Full Service B&M $18,739

For 2021, The Peoples Community Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $10,250
Net interest income $9,711
Total noninterest income $4,789
Gross Fiduciary activities income $14
Service charges on deposit accounts $186
Trading account gains and fees $0
Additional Noninterest Income $4,589
Pre-tax net operating income $5,785
Securities gains (or losses, -) $0
Income before extraordinary items $4,165
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,165
Minority interest net income $0
Net income $4,165
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,165

The Peoples Community Bank's gross interest income from loans was $10,250,000.
The Peoples Community Bank's net interest income from loans was $9,711,000.
The Peoples Community Bank's fee based income from loans was $186,000.
The Peoples Community Bank's net income from loans was $4,165,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $539
Provision for credit losses $0
Total noninterest expense $8,715
Salaries and employee benefits $5,270
Premises and equipment expense $658
Additional noninterest expense $2,787
Applicable income taxes $1,620
Net charge-offs $4
Cash dividends $1,492

The Peoples Community Bank's interest expense for loans was $539,000.
The Peoples Community Bank's payroll and benefits expense were $5,270,000.
The Peoples Community Bank's property, plant and equipment expenses $658,000.

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 8.0%
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 0.1%
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 $330,057
Deposits held in domestic offices $330,057
Deposits by Individuals, partnerships, and corporations $286,013
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $43,299
Deposits by Commercial banks and other depository institutions in U.S. $745
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $181,178
Demand deposits $121,301
Nontransaction accounts $148,879
Money market deposit accounts (MMDAs) $34,649
Other savings deposits (excluding MMDAs) $60,429
Total time deposits $53,801
Total time and savings deposits $208,756
Noninterest-bearing deposits $121,301
Interest-bearing deposits $208,756
Retail deposits $321,161
IRAs and Keogh plan accounts $7,530
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $381,634
Cash & Balances due from depository institutions $63,459
Interest-bearing balances $56,814
Total securities $116,935
Federal funds sold & reverse repurchase $4,258
Net loans and leases $179,684
Loan and leases loss allowance $4,104
Trading account assets $0
Bank premises and fixed assets $4,805
Other real estate owned $0
Goodwill and other intangibles $2,677
All other assets $9,816

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $381,634
Total Liabilities $338,825
Total deposits $330,057
Interest-bearing deposits $208,756
Deposits held in domestic offices $330,057
% insured (estimated) $77
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $7,700
Subordinated debt $0
All other liabilities $1,068

Issued Loan Types

Type Value (in 000's)
Net loans and leases $179,684
Loan and leases loss allowance $4,104
Total loans and leases (domestic) $183,788
All real estate loans $151,850
Real estate loans in domestic offices $151,850
Construction and development loans $13,210
Residential 1-4 family construction $4,597
Other construction, all land development and other land $8,613
Loans secured by nonfarm nonresidential properties $50,601
Nonfarm nonresidential secured by owner-occupied properties $36,958
Commercial real estate & other non-farm, non-residential $13,643
Multifamily residential real estate $6,846
1-4 family residential loans $32,780
Farmland loans $48,413
Loans held in foreign offices $0
Farm loans $8,081
Commercial and industrial loans $13,622
To non-U.S. addressees $0
Loans to individuals $3,423
Credit card loans $1,108
Related Plans $98
Consumer Auto Loans $575
Other loans to individuals $1,642
All other loans & leases $6,812
Loans to foreign governments and official institutions $0
Other loans $1,344
Loans to depository institutions and acceptances of other banks $600
Loans not secured by real estate $13,603
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,040
Non 1-4 family restructured loans & leases $1,901
Total loans and leases (foreign) $0

The Peoples Community Bank had $179,684,000 of loans outstanding in 2021. $151,850,000 of loans were in real estate loans. $13,210,000 of loans were in development loans. $6,846,000 of loans were in multifamily mortgage loans. $32,780,000 of loans were in 1-4 family mortgage loans. $8,081,000 of loans were in farm loans. $1,108,000 of loans were in credit card loans. $575,000 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 139 $27,200 $195,683
Nonfarm, nonresidential loans - <$100k 34 $1,318 $38,765
Nonfarm, nonresidential loans - $100-250k 50 $6,325 $126,500
Nonfarm, nonresidential loans - $250k-1MM 55 $19,557 $355,582
Commercial & Industrial, US addressed loans - <$1MM 177 $7,338 $41,458
Commercial & Industrial, US addressed loans - <$100k 132 $2,340 $17,727
Commercial & Industrial, US addressed loans - $100-250k 25 $1,391 $55,640
Commercial & Industrial, US addressed loans - $250k-1MM 20 $3,607 $180,350
Farmland loans - <$1MM 124 $15,441 $124,524
Farmland loans - <$100k 39 $1,756 $45,026
Farmland loans - $100-250k 51 $5,604 $109,882
Farmland loans - $250k-1MM 34 $8,081 $237,676
Agriculture operations loans - <$1MM 103 $5,210 $50,583
Agriculture operations loans - <$100k 73 $1,460 $20,000
Agriculture operations loans - $100-250k 22 $2,309 $104,955
Agriculture operations loans - $250k-1MM 8 $1,441 $180,125