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 and Home Purchase loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Rolla, Fort Leonard Wood, Crestview, and Kansas City among others. We have data for 9 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 an above 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

    124

    Origination Dollar Volume (All Markets)

    $19,000,000

    Employee count

    56

    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 85 $11,405,000 $134,176 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 23 $3,585,000 $155,870 $0 0.00%
    Rolla, MO (FHA|USDA|VA) 10 $1,950,000 $195,000 $0 0.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Mountain Home, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Farmington, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Peoples Bank's top markets include St. Louis, Rolla, Fort Leonard Wood, Crestview, and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $19,000,000 $153,226 $0 0.00%

    For 2021, Peoples Bank's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 58 $10,760,000 $185,517 $0 0.00%
    Home Purchase 54 $7,190,000 $133,148 $0 0.00%
    Home Improvement 7 $505,000 $72,143 $0 0.00%
    Other 5 $545,000 $109,000 $0 0.00%

    For 2021, Peoples Bank's most frequently cited loan purpose was Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $19,000,000 $153,226 $0 0.00%

    For 2021, Peoples Bank's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $3,065,000 $60,098 $0 0.00%
    $100k-200k 47 $6,575,000 $139,894 $0 0.00%
    $200k-400k 17 $4,485,000 $263,824 $0 0.00%
    $400k-600k 8 $3,700,000 $462,500 $0 0.00%
    $1MM+ 1 $1,175,000 $1,175,000 $0 0.00%

    2021 saw Peoples Bank place emphasis on $100,000 or less loans with 51 originations, totaling $3,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $2,620,000 $100,769 $0 0.00%
    $50k or less 21 $1,735,000 $82,619 $0 0.00%
    $75k-100k 19 $2,485,000 $130,789 $0 0.00%
    $100k-150k 18 $3,160,000 $175,556 $0 0.00%
    $150k-250k 9 $3,065,000 $340,556 $0 0.00%
    $250k+ 4 $1,070,000 $267,500 $0 0.00%

    Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $19,000,000 $153,226 $0 0.00%

    Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $14,345,000 $142,030 $0 0.00%
    Not applicable 20 $4,330,000 $216,500 $0 0.00%
    Not provided 3 $325,000 $108,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.50%

    Peoples 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
    95.97%

    Peoples 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
    Exempt 124 $19,000,000 $153,226

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $19,000,000 $153,226

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%

    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 $38,980
    Peoples Bank 201 West Main Street Steelville, MO 65565 Full Service B&M $61,089
    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 $123,020

    For 2021, Peoples Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,186
    Net interest income $8,416
    Total noninterest income $2,203
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $694
    Trading account gains and fees $0
    Additional Noninterest Income $1,509
    Pre-tax net operating income $3,862
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,862
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,862
    Minority interest net income $0
    Net income $3,862
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,862

    Peoples Bank's gross interest income from loans was $9,186,000.
    Peoples Bank's net interest income from loans was $8,416,000.
    Peoples Bank's fee based income from loans was $694,000.
    Peoples Bank's net income from loans was $3,862,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $770
    Provision for credit losses $25
    Total noninterest expense $6,732
    Salaries and employee benefits $3,749
    Premises and equipment expense $754
    Additional noninterest expense $2,229
    Applicable income taxes $0
    Net charge-offs $87
    Cash dividends $1,975

    Peoples Bank's interest expense for loans was $770,000.
    Peoples Bank's payroll and benefits expense were $3,749,000.
    Peoples Bank's property, plant and equipment expenses $754,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $240,547
    Deposits held in domestic offices $240,547
    Deposits by Individuals, partnerships, and corporations $188,791
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $51,750
    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 $150,824
    Demand deposits $60,132
    Nontransaction accounts $89,722
    Money market deposit accounts (MMDAs) $27,200
    Other savings deposits (excluding MMDAs) $32,562
    Total time deposits $29,961
    Total time and savings deposits $180,414
    Noninterest-bearing deposits $60,132
    Interest-bearing deposits $180,415
    Retail deposits $231,085
    IRAs and Keogh plan accounts $6,798
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $267,353
    Cash & Balances due from depository institutions $48,559
    Interest-bearing balances $43,656
    Total securities $69,033
    Federal funds sold & reverse repurchase $0
    Net loans and leases $145,519
    Loan and leases loss allowance $1,661
    Trading account assets $0
    Bank premises and fixed assets $2,633
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,609

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $267,353
    Total Liabilities $241,309
    Total deposits $240,547
    Interest-bearing deposits $180,415
    Deposits held in domestic offices $240,547
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $88
    Trading liabilities $0
    Other borrowed funds $225
    Subordinated debt $0
    All other liabilities $449

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $145,519
    Loan and leases loss allowance $1,661
    Total loans and leases (domestic) $147,180
    All real estate loans $130,872
    Real estate loans in domestic offices $130,872
    Construction and development loans $8,010
    Residential 1-4 family construction $2,756
    Other construction, all land development and other land $5,254
    Loans secured by nonfarm nonresidential properties $32,527
    Nonfarm nonresidential secured by owner-occupied properties $19,591
    Commercial real estate & other non-farm, non-residential $12,936
    Multifamily residential real estate $2,028
    1-4 family residential loans $76,619
    Farmland loans $11,688
    Loans held in foreign offices $0
    Farm loans $1,549
    Commercial and industrial loans $7,057
    To non-U.S. addressees $0
    Loans to individuals $5,932
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,652
    Other loans to individuals $1,280
    All other loans & leases $1,771
    Loans to foreign governments and official institutions $0
    Other loans $1,175
    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 $410
    Non 1-4 family restructured loans & leases $26
    Total loans and leases (foreign) $0

    Peoples Bank had $145,519,000 of loans outstanding in 2021. $130,872,000 of loans were in real estate loans. $8,010,000 of loans were in development loans. $2,028,000 of loans were in multifamily mortgage loans. $76,619,000 of loans were in 1-4 family mortgage loans. $1,549,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,652,000 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 127 $20,723 $163,173
    Nonfarm, nonresidential loans - <$100k 49 $1,744 $35,592
    Nonfarm, nonresidential loans - $100-250k 41 $4,651 $113,439
    Nonfarm, nonresidential loans - $250k-1MM 37 $14,328 $387,243
    Commercial & Industrial, US addressed loans - <$1MM 155 $6,731 $43,426
    Commercial & Industrial, US addressed loans - <$100k 136 $2,745 $20,184
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,371 $124,636
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,615 $326,875
    Farmland loans - <$1MM 101 $8,952 $88,634
    Farmland loans - <$100k 65 $2,375 $36,538
    Farmland loans - $100-250k 20 $2,344 $117,200
    Farmland loans - $250k-1MM 16 $4,233 $264,563
    Agriculture operations loans - <$1MM 33 $1,492 $45,212
    Agriculture operations loans - <$100k 24 $347 $14,458
    Agriculture operations loans - $100-250k 7 $584 $83,429
    Agriculture operations loans - $250k-1MM 2 $561 $280,500