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 Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Fort Leonard Wood, Rolla, and Farmington among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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.

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

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    Originations

    73

    Origination Dollar Volume (All Markets)

    $17,285,000

    Employee count

    52

    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 56 $11,010,000 $196,607 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 13 $5,135,000 $395,000 $0 0.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    Rolla, MO (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    Farmington, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Peoples Bank's top markets include St. Louis, Fort Leonard Wood, Rolla, and Farmington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $17,285,000 $236,781 $0 0.00%

    For 2020, Peoples Bank's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 52 $14,420,000 $277,308 $0 0.00%
    Home Purchase 20 $2,830,000 $141,500 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2020, Peoples Bank's most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 73 $17,285,000 $236,781 $0 0.00%

    For 2020, Peoples Bank's most frequently cited loan duration was Other, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,345,000 $49,815 $0 0.00%
    $100k-200k 24 $3,560,000 $148,333 $0 0.00%
    $200k-400k 9 $2,425,000 $269,444 $0 0.00%
    $400k-600k 6 $2,930,000 $488,333 $0 0.00%
    $600k-1MM 5 $3,815,000 $763,000 $0 0.00%
    $1MM+ 2 $3,210,000 $1,605,000 $0 0.00%

    2020 saw Peoples Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $1,415,000 $83,235 $0 0.00%
    $100k-150k 16 $3,880,000 $242,500 $0 0.00%
    $75k-100k 11 $1,955,000 $177,727 $0 0.00%
    $50k or less 10 $870,000 $87,000 $0 0.00%
    $150k-250k 9 $3,325,000 $369,444 $0 0.00%
    $250k+ 2 $1,530,000 $765,000 $0 0.00%

    Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 73 $17,285,000 $236,781 $0 0.00%

    Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $12,740,000 $199,063 $0 0.00%
    Not applicable 8 $4,310,000 $538,750 $0 0.00%
    Not provided 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.63%

    Peoples Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.56%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 73 $17,285,000 $236,781

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $4,725,000 $945,000
    Single Family (1-4 Units):Manufactured 8 $770,000 $96,250
    Single Family (1-4 Units):Site-Built 60 $11,790,000 $196,500

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Peoples Home Equity, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Peoples Home Equity, Inc. VA mortgage Trouble during payment process 1 50.0%

    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 $35,514
    Peoples Bank 201 West Main Street Steelville, MO 65565 Full Service B&M $56,967
    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 $114,426

    For 2020, Peoples Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,320
    Net interest income $8,230
    Total noninterest income $1,920
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $652
    Trading account gains and fees $0
    Additional Noninterest Income $1,268
    Pre-tax net operating income $3,603
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,603
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,603
    Minority interest net income $0
    Net income $3,603
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,603

    Peoples Bank's gross interest income from loans was $9,320,000.
    Peoples Bank's net interest income from loans was $8,230,000.
    Peoples Bank's fee based income from loans was $652,000.
    Peoples Bank's net income from loans was $3,603,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,090
    Provision for credit losses $354
    Total noninterest expense $6,193
    Salaries and employee benefits $3,370
    Premises and equipment expense $744
    Additional noninterest expense $2,079
    Applicable income taxes $0
    Net charge-offs $237
    Cash dividends $2,625

    Peoples Bank's interest expense for loans was $1,090,000.
    Peoples Bank's payroll and benefits expense were $3,370,000.
    Peoples Bank's property, plant and equipment expenses $744,000.

    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 1.0%
    HELOC loans 8.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $210,316
    Deposits held in domestic offices $210,316
    Deposits by Individuals, partnerships, and corporations $166,089
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,226
    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 $125,858
    Demand deposits $47,139
    Nontransaction accounts $84,457
    Money market deposit accounts (MMDAs) $25,026
    Other savings deposits (excluding MMDAs) $26,179
    Total time deposits $33,252
    Total time and savings deposits $163,176
    Noninterest-bearing deposits $47,139
    Interest-bearing deposits $163,177
    Retail deposits $200,494
    IRAs and Keogh plan accounts $7,170
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $238,917
    Cash & Balances due from depository institutions $39,277
    Interest-bearing balances $32,885
    Total securities $45,952
    Federal funds sold & reverse repurchase $0
    Net loans and leases $148,990
    Loan and leases loss allowance $1,723
    Trading account assets $0
    Bank premises and fixed assets $2,818
    Other real estate owned $169
    Goodwill and other intangibles $0
    All other assets $1,711

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $238,918
    Total Liabilities $213,855
    Total deposits $210,316
    Interest-bearing deposits $163,177
    Deposits held in domestic offices $210,316
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $91
    Trading liabilities $0
    Other borrowed funds $3,025
    Subordinated debt $0
    All other liabilities $423

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $148,990
    Loan and leases loss allowance $1,723
    Total loans and leases (domestic) $150,713
    All real estate loans $126,754
    Real estate loans in domestic offices $126,754
    Construction and development loans $5,640
    Residential 1-4 family construction $2,798
    Other construction, all land development and other land $2,842
    Loans secured by nonfarm nonresidential properties $32,981
    Nonfarm nonresidential secured by owner-occupied properties $23,366
    Commercial real estate & other non-farm, non-residential $9,615
    Multifamily residential real estate $2,789
    1-4 family residential loans $74,565
    Farmland loans $10,779
    Loans held in foreign offices $0
    Farm loans $2,563
    Commercial and industrial loans $13,945
    To non-U.S. addressees $0
    Loans to individuals $5,849
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,138
    Other loans to individuals $1,711
    All other loans & leases $1,603
    Loans to foreign governments and official institutions $0
    Other loans $887
    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 $838
    Non 1-4 family restructured loans & leases $23
    Total loans and leases (foreign) $0

    Peoples Bank had $148,990,000 of loans outstanding in 2020. $126,754,000 of loans were in real estate loans. $5,640,000 of loans were in development loans. $2,789,000 of loans were in multifamily mortgage loans. $74,565,000 of loans were in 1-4 family mortgage loans. $2,563,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,138,000 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 124 $20,113 $162,202
    Nonfarm, nonresidential loans - <$100k 49 $1,635 $33,367
    Nonfarm, nonresidential loans - $100-250k 37 $3,989 $107,811
    Nonfarm, nonresidential loans - $250k-1MM 38 $14,489 $381,289
    Commercial & Industrial, US addressed loans - <$1MM 294 $9,957 $33,867
    Commercial & Industrial, US addressed loans - <$100k 267 $5,381 $20,154
    Commercial & Industrial, US addressed loans - $100-250k 18 $2,227 $123,722
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,349 $261,000
    Farmland loans - <$1MM 96 $8,425 $87,760
    Farmland loans - <$100k 65 $2,358 $36,277
    Farmland loans - $100-250k 18 $2,327 $129,278
    Farmland loans - $250k-1MM 13 $3,740 $287,692
    Agriculture operations loans - <$1MM 38 $2,036 $53,579
    Agriculture operations loans - <$100k 28 $508 $18,143
    Agriculture operations loans - $100-250k 8 $910 $113,750
    Agriculture operations loans - $250k-1MM 2 $618 $309,000