Peoples Bank Mortgage Rates, Fees & Info

Cuba, MO

LEI: 549300PDELOGUKYYDA02

Tax ID: 43-0453370

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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 is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Rolla, and Oklahoma City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank 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. Peoples Bank 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 relatively high 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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $13,610,000

    Employee count

    53

    Awards

    Peoples Bank 30 Year Conventional Loans gold Peoples Bank 30 Year Conventional Loans gold
    Show all (2) 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
    Outside of Metro Areas 88 $11,230,000 $127,614 $1,241 5.71%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 15 $1,715,000 $114,333 $1,288 5.67%
    Rolla, MO (FHA|USDA|VA) 4 $480,000 $120,000 $1,324 6.33%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.99%
    Peoples Bank's top markets include St. Louis, Rolla, and Oklahoma City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $13,610,000 $126,019 $1,251 5.72%

    For 2018, Peoples Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $6,180,000 $123,600 $2,001 5.67%
    Refi 49 $7,205,000 $147,041 $851 5.73%
    Other 7 $195,000 $27,857 $1,026 6.08%
    Home Improvement 2 $30,000 $15,000 $0 5.72%

    For 2018, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 40 $5,260,000 $131,500 $1,391 5.78%
    20 Year 16 $2,260,000 $141,250 $1,507 5.63%
    Other 15 $1,525,000 $101,667 $957 6.04%
    5 Year 14 $2,140,000 $152,857 $1,513 5.35%
    15 Year 12 $720,000 $60,000 $901 5.70%
    10 Year 5 $145,000 $29,000 $1,010 5.80%
    1 Year 3 $1,415,000 $471,667 $0 5.08%
    3 Year 3 $145,000 $48,333 $0 6.21%

    For 2018, Peoples Bank's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 20 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $7,380,000 $102,500

    Peoples Bank's average total fees were $1,391, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 66 $9,110,000 $138,030
    6-7% 23 $1,745,000 $75,870
    4-5% 14 $2,430,000 $173,571
    7-8% 5 $325,000 $65,000

    During 2018, Peoples Bank's average interest rate for loans was 5.78%, while their most frequently originated rate bucket for loans was 5-6%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,160,000 $50,968 $1,083 5.84%
    $100k-200k 26 $3,870,000 $148,846 $1,432 5.64%
    $200k-400k 17 $4,455,000 $262,059 $1,666 5.51%
    $600k-1MM 2 $1,720,000 $860,000 $0 5.31%
    $400k-600k 1 $405,000 $405,000 $0 4.95%

    2018 saw Peoples Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,190,000 $73,000 $1,266 5.71%
    $50k or less 28 $1,680,000 $60,000 $1,186 5.96%
    $100k-150k 15 $3,235,000 $215,667 $1,835 5.91%
    $75k-100k 11 $1,485,000 $135,000 $929 5.48%
    $150k-250k 9 $2,475,000 $275,000 $1,283 5.35%
    $250k+ 1 $185,000 $185,000 $0 4.99%

    Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $2,115,000 $91,957 $1,255 5.97%
    30-36% 21 $2,805,000 $133,571 $1,378 5.71%
    <20% 18 $1,450,000 $80,556 $1,051 5.76%
    39% 4 $390,000 $97,500 $1,173 6.15%
    49% 3 $195,000 $65,000 $903 4.83%
    37% 3 $195,000 $65,000 $2,298 6.04%
    36% 3 $155,000 $51,667 $834 5.76%
    40% 2 $270,000 $135,000 $1,619 5.57%
    38% 2 $160,000 $80,000 $1,352 6.32%
    50-60% 1 $165,000 $165,000 $377 5.39%
    41% 1 $25,000 $25,000 $1,513 5.49%
    42% 1 $55,000 $55,000 $3,044 6.06%
    43% 1 $45,000 $45,000 $1,514 6.19%
    44% 1 $155,000 $155,000 $2,220 4.98%
    46% 1 $125,000 $125,000 $501 4.79%
    48% 1 $105,000 $105,000 $9 5.79%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $11,895,000 $122,629 $1,251 5.74%
    Not applicable 11 $1,715,000 $155,909 $0 5.58%

    Approval Rates

    Total approvals of all applications
    91.49%

    Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.04%

    Peoples Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 108 $13,610,000 $126,019

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $795,000 $265,000
    Single Family (1-4 Units):Manufactured 14 $1,620,000 $115,714
    Single Family (1-4 Units):Site-Built 91 $11,195,000 $123,022

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $630,000 $63,000 $1,060 5.53%
    40-60% 23 $2,505,000 $108,913 $968 5.72%
    60-80% 45 $6,165,000 $137,000 $1,412 5.80%
    80-100% 26 $4,240,000 $163,077 $1,386 5.62%
    Under 20% 4 $70,000 $17,500 $852 6.03%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Peoples Home Equity, Inc. Conventional home mortgage Closing on a mortgage 2 50.0%
    Peoples Home Equity, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Peoples Home Equity, Inc. Other type of mortgage Closing on a mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Peoples Bank 101 E. Pine Street Bourbon, MO 65441 Full Service B&M $0
    Peoples Bank 112 S. Service Road Sullivan, MO 63080 Full Service B&M $32,020
    Peoples Bank 201 West Main Street Steelville, MO 65565 Full Service B&M $37,026
    Peoples Bank 408 W, Washington Street Cuba, MO 65453 Full Service B&M $0
    Peoples Bank 701 N. Franklin Street Cuba, MO 65453 Full Service B&M $113,363

    For 2018, Peoples Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,693
    Net interest income $8,552
    Total noninterest income $1,993
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $830
    Trading account gains and fees $0
    Additional Noninterest Income $1,163
    Pre-tax net operating income $4,110
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,097
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,097
    Minority interest net income $0
    Net income $4,097
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,097

    Peoples Bank's gross interest income from loans was $9,693,000.
    Peoples Bank's net interest income from loans was $8,552,000.
    Peoples Bank's fee based income from loans was $830,000.
    Peoples Bank's net income from loans was $4,097,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,141
    Provision for credit losses $202
    Total noninterest expense $6,233
    Salaries and employee benefits $3,521
    Premises and equipment expense $753
    Additional noninterest expense $1,959
    Applicable income taxes $13
    Net charge-offs $214
    Cash dividends $3,375

    Peoples Bank's interest expense for loans was $1,141,000.
    Peoples Bank's payroll and benefits expense were $3,521,000.
    Peoples Bank's property, plant and equipment expenses $753,000.

    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 $183,869
    Deposits held in domestic offices $183,869
    Deposits by Individuals, partnerships, and corporations $144,553
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,316
    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 $104,640
    Demand deposits $36,421
    Nontransaction accounts $79,229
    Money market deposit accounts (MMDAs) $25,630
    Other savings deposits (excluding MMDAs) $19,163
    Total time deposits $34,437
    Total time and savings deposits $147,448
    Noninterest-bearing deposits $36,421
    Interest-bearing deposits $147,448
    Retail deposits $173,100
    IRAs and Keogh plan accounts $7,828
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $214,052
    Cash & Balances due from depository institutions $17,202
    Interest-bearing balances $10,969
    Total securities $39,187
    Federal funds sold & reverse repurchase $0
    Net loans and leases $152,820
    Loan and leases loss allowance $1,531
    Trading account assets $0
    Bank premises and fixed assets $2,765
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,078

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $214,052
    Total Liabilities $192,847
    Total deposits $183,869
    Interest-bearing deposits $147,448
    Deposits held in domestic offices $183,869
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $157
    Trading liabilities $0
    Other borrowed funds $8,400
    Subordinated debt $0
    All other liabilities $421

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $152,820
    Loan and leases loss allowance $1,531
    Total loans and leases (domestic) $154,351
    All real estate loans $135,611
    Real estate loans in domestic offices $135,611
    Construction and development loans $4,173
    Residential 1-4 family construction $2,049
    Other construction, all land development and other land $2,124
    Loans secured by nonfarm nonresidential properties $37,823
    Nonfarm nonresidential secured by owner-occupied properties $22,629
    Commercial real estate & other non-farm, non-residential $15,194
    Multifamily residential real estate $2,652
    1-4 family residential loans $78,971
    Farmland loans $11,992
    Loans held in foreign offices $0
    Farm loans $2,911
    Commercial and industrial loans $8,334
    To non-U.S. addressees $0
    Loans to individuals $6,056
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,631
    Other loans to individuals $2,425
    All other loans & leases $1,439
    Loans to foreign governments and official institutions $0
    Other loans $412
    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 $595
    Non 1-4 family restructured loans & leases $51
    Total loans and leases (foreign) $0

    Peoples Bank had $152,820,000 of loans outstanding in 2018. $135,611,000 of loans were in real estate loans. $4,173,000 of loans were in development loans. $2,652,000 of loans were in multifamily mortgage loans. $78,971,000 of loans were in 1-4 family mortgage loans. $2,911,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,631,000 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 142 $25,967 $182,866
    Nonfarm, nonresidential loans - <$100k 52 $2,003 $38,519
    Nonfarm, nonresidential loans - $100-250k 41 $4,783 $116,659
    Nonfarm, nonresidential loans - $250k-1MM 49 $19,181 $391,449
    Commercial & Industrial, US addressed loans - <$1MM 194 $8,200 $42,268
    Commercial & Industrial, US addressed loans - <$100k 173 $3,099 $17,913
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,458 $132,545
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $3,643 $364,300
    Farmland loans - <$1MM 82 $7,323 $89,305
    Farmland loans - <$100k 57 $2,396 $42,035
    Farmland loans - $100-250k 16 $2,156 $134,750
    Farmland loans - $250k-1MM 9 $2,771 $307,889
    Agriculture operations loans - <$1MM 47 $2,316 $49,277
    Agriculture operations loans - <$100k 37 $672 $18,162
    Agriculture operations loans - $100-250k 8 $931 $116,375
    Agriculture operations loans - $250k-1MM 2 $713 $356,500