Peoples Security Bank And Trust Company Mortgage Rates, Fees & Info

Hallstead, PA

LEI: 549300PJX0ZHPQ614C72

Tax ID: 24-0603570

5 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Peoples Security Bank And Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Peoples Security Bank And Trust Company has a high proportion of conventional loans. Their top markets include Scranton, Philadelphia, New York, Allentown, and Pittsburgh among others. Peoples Security Bank And Trust Company has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Peoples Security Bank And Trust Company is typically an average fee lendor.


Originations

916

Origination Dollar Volume (All Markets)

$339,690,000

Employee count

383

Awards

Peoples Security Bank and Trust Company 30 Year Conventional Loans silver Peoples Security Bank and Trust Company 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Peoples Security Bank And Trust Company's average 30 year fixed rate mortgage of loans were 1.84%.

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

This yields a difference of -1.31%.

Relative Fees

Peoples Security Bank And Trust Company's average total fees for a 30 year fixed rate mortgage are $4,836.

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
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 424 $92,460,000 $218,066 $2,987 2.58%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 43 $70,135,000 $1,631,047 $5,728 3.28%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 20 $52,440,000 $2,622,000 $4,380 3.16%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 157 $46,725,000 $297,611 $4,504 2.48%
Outside of Metro Areas 146 $23,110,000 $158,288 $2,355 2.54%
PITTSBURGH, PA (FHA|USDA|VA) 11 $17,645,000 $1,604,091 $500 3.19%
EAST STROUDSBURG, PA (FHA|USDA|VA) 28 $8,600,000 $307,143 $2,856 2.26%
LEBANON, PA (FHA|USDA|VA) 19 $5,615,000 $295,526 $3,708 2.38%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $4,540,000 $1,135,000 $4,794 2.79%
BINGHAMTON, NY (FHA|USDA|VA) 31 $4,495,000 $145,000 $2,276 2.31%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $4,340,000 $2,170,000 $24,710 3.65%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 3.65%
Sayre, PA (FHA|USDA|VA) 8 $1,240,000 $155,000 $3,186 2.48%
READING, PA (FHA|USDA|VA) 7 $1,135,000 $162,143 $3,788 2.30%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $4,603 2.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $955,000 $955,000 $9,293 2.79%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $855,000 $855,000 $3,207 2.59%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $745,000 $248,333 $3,169 2.19%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $675,000 $675,000 $0 3.75%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 3 $535,000 $178,333 $2,117 3.04%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $450,000 $225,000 $5,769 2.19%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 1.00%
ERIE, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.99%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $65,000 $65,000 $3,453 2.88%

Peoples Security Bank And Trust Company's top markets include Scranton, Philadelphia, New York, Allentown, and Pittsburgh among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 916 $339,690,000 $370,841 $3,156 2.59%

For the 2021 period, Peoples Security Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 916 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 383 $101,225,000 $264,295 $2,147 2.68%
Home Purchase 291 $209,565,000 $720,155 $4,324 3.17%
Home Improvement 135 $10,575,000 $78,333 $683 1.53%
Other 58 $8,080,000 $139,310 $2,585 1.42%
Cash Out Refi 49 $10,245,000 $209,082 $5,924 2.75%

For the 2021, Peoples Security Bank And Trust Company's most frequently cited loan purpose of loans were Refi, with 383 originations. The 2nd most popular reason of loans were Home Purchase, with 291 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 431 $74,315,000 $172,425 $4,836 1.84%
15 Year 170 $31,820,000 $187,176 $2,136 3.01%
20 Year 121 $25,395,000 $209,876 $2,013 3.46%
10 Year 62 $40,990,000 $661,129 $752 3.27%
Other 58 $74,360,000 $1,282,069 $1,807 3.40%
5 Year 36 $78,230,000 $2,173,056 $484 3.69%
30+ year 33 $12,695,000 $384,697 $5,097 2.93%
1 Year 5 $1,885,000 $377,000 $0 4.22%

For the 2021, Peoples Security Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 431 originations. The 2nd most popular length of loans were 15 Year, with 170 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 311 $63,565,000 $204,389
$1k-2k 87 $15,345,000 $176,379
$2k-3k 32 $7,270,000 $227,188
$3k-4k 31 $7,895,000 $254,677
$5k+ 7 $6,765,000 $966,429

$4,836 of loans were Peoples Security Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 311 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 332 $42,980,000 $129,458
2.5-3% 270 $68,100,000 $252,222
3-4% 264 $220,900,000 $836,742
4-5% 46 $7,290,000 $158,478
5-6% 3 $375,000 $125,000
7-8% 1 $45,000 $45,000

During 2021, Peoples Security Bank And Trust Company's average interest rate of loans were 1.84%, while their most frequently originated rate bucket of loans were <2.5%, with 332 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 305 $17,685,000 $57,984 $1,337 2.14%
$100k-200k 291 $40,635,000 $139,639 $2,819 2.62%
$200k-400k 195 $53,535,000 $274,538 $4,332 2.84%
$1MM+ 53 $184,335,000 $3,478,019 $9,601 3.46%
$400k-600k 43 $20,625,000 $479,651 $5,037 2.89%
$600k-1MM 29 $22,875,000 $788,793 $5,649 3.38%

2021 saw Peoples Security Bank And Trust Company place emphasis on $100,000 or less loans with 305 originations, totaling $17,685,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 158 $27,020,000 $171,013 $3,338 2.25%
$50k-75k 133 $15,405,000 $115,827 $2,780 2.48%
$75k-100k 126 $17,300,000 $137,302 $3,043 2.49%
$150k-250k 121 $25,445,000 $210,289 $3,641 2.18%
$50k or less 115 $9,265,000 $80,565 $1,912 2.38%
$250k+ 79 $39,355,000 $498,165 $4,974 2.28%

Peoples Security Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $50k-75k, with 133 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 208 $33,050,000 $158,894 $3,050 2.18%
30-36% 164 $31,230,000 $190,427 $3,335 2.33%
<20% 116 $24,780,000 $213,621 $3,294 2.14%
41% 37 $5,745,000 $155,270 $3,115 2.19%
37% 36 $6,610,000 $183,611 $2,832 2.51%
42% 33 $5,105,000 $154,697 $3,219 2.41%
39% 31 $4,015,000 $129,516 $3,030 1.98%
38% 31 $4,375,000 $141,129 $2,310 2.41%
36% 26 $7,240,000 $278,462 $4,314 2.30%
40% 24 $3,450,000 $143,750 $2,596 2.66%
43% 7 $875,000 $125,000 $3,411 2.98%
45% 6 $930,000 $155,000 $3,037 2.67%
44% 6 $1,530,000 $255,000 $4,589 2.69%
48% 5 $685,000 $137,000 $4,393 2.63%
46% 4 $750,000 $187,500 $3,091 2.66%
50-60% 4 $510,000 $127,500 $2,104 2.47%
47% 2 $330,000 $165,000 $821 4.00%
49% 2 $220,000 $110,000 $2,407 2.81%
>60% 1 $85,000 $85,000 $2,372 3.50%

Peoples Security Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 208 originations. The next most common DTI ratio? 30-36%, with 164 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 143 $194,735,000 $1,361,783 $0 3.87%
White 689 $118,295,000 $171,691 $3,049 2.33%
Not provided 57 $19,675,000 $345,175 $3,733 2.45%
Asian 22 $6,570,000 $298,636 $4,645 2.63%
Black 3 $325,000 $108,333 $3,492 3.00%
American Indian 2 $90,000 $45,000 $0 2.75%

Approval Rates

Total approvals of all applications
86.39%

Peoples Security Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
83.39%

Peoples Security Bank And Trust Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 916 $339,690,000 $370,841

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
916 $339,690,000 $370,841

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 152 $20,330,000 $133,750 $1,891 1.88%
40-60% 171 $56,995,000 $333,304 $2,357 2.56%
60-80% 346 $185,690,000 $536,676 $3,567 3.07%
80-100% 116 $56,430,000 $486,466 $4,615 2.96%
Over 100% 7 $9,395,000 $1,342,143 $2,724 3.57%
Under 20% 117 $9,505,000 $81,239 $564 1.65%

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 Security Bank and Trust Company 1026 Conklin Road Conklin, NY 13748 Full Service B&M $32,294
Peoples Security Bank and Trust Company 325 South Main Street Doylestown, PA 18901 Full Service B&M $4,916
Peoples Security Bank and Trust Company 3920 Tilghman Street Allentown, PA 18104 Full Service B&M $78,110
Peoples Security Bank and Trust Company 406 Pocono Boulevard Mount Pocono, PA 18344 Full Service B&M $81,626
Peoples Security Bank and Trust Company 42-48 State Street Nicholson, PA 18446 Full Service B&M $59,675
Peoples Security Bank and Trust Company 420 Davis Street Scranton, PA 18505 Full Service B&M $83,924
Peoples Security Bank and Trust Company 435 Wyoming Avenue Kingston, PA 18704 Full Service B&M $35,797
Peoples Security Bank and Trust Company 494 Gravel Pond Road Clarks Summit, PA 18411 Full Service B&M $77,413
Peoples Security Bank and Trust Company 540 Main Street Peckville, PA 18452 Full Service B&M $75,576
Peoples Security Bank and Trust Company 610 Freedom Business Center Drive King Of Prussia, PA 19406 Full Service B&M $137,863
Peoples Security Bank and Trust Company 83 East Tioga Street Tunkhannock, PA 18657 Full Service B&M $131,870
Peoples Security Bank and Trust Company 830 Norman Drive Lebanon, PA 17042 Full Service B&M $15,191
Peoples Security Bank and Trust Company 968 Prescott Avenue Scranton, PA 18510 Full Service B&M $58,198
Peoples Security Bank and Trust Company 99 Grow Avenue Montrose, PA 18801 Full Service B&M $195,807
Peoples Security Bank and Trust Company U.S. Route 6 Meshoppen, PA 18630 Full Service B&M $87,729
Peoples Security Bank and Trust Company 1100 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $110,063
Peoples Security Bank and Trust Company 126 Main Street Hop Bottom, PA 18824 Full Service B&M $78,248
Peoples Security Bank and Trust Company 139-145 North Main Street Moscow, PA 18444 Full Service B&M $107,579
Peoples Security Bank and Trust Company 150 North Washington Avenue Scranton, PA 18503 Full Service B&M $192,598
Peoples Security Bank and Trust Company 1901 Sanderson Avenue Scranton, PA 18509 Full Service B&M $96,219
Peoples Security Bank and Trust Company 215 Erie Boulevard Susquehanna, PA 18847 Full Service B&M $73,873
Peoples Security Bank and Trust Company 2151 Emrick Blvd. Bethlehem, PA 18020 Full Service B&M $86,833
Peoples Security Bank and Trust Company 216 South Main Street Old Forge, PA 18518 Full Service B&M $141,569
Peoples Security Bank and Trust Company 2355 City Line Road Bethlehem, PA 18017 Full Service B&M $106,246
Peoples Security Bank and Trust Company 25109 State Route 11 Hallstead, PA 18822 Full Service B&M $405,423
Peoples Security Bank and Trust Company 275 Main St Binghamton, NY 13905 Full Service B&M $63,377

For 2021, Peoples Security Bank And Trust Company had 26 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $94,213
Net interest income $86,750
Total noninterest income $29,084
Gross Fiduciary activities income $2,272
Service charges on deposit accounts $1,928
Trading account gains and fees $0
Additional Noninterest Income $24,884
Pre-tax net operating income $54,904
Securities gains (or losses, -) $0
Income before extraordinary items $45,098
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $45,098
Minority interest net income $0
Net income $45,098
Sale, conversion, retirement of capital stock, net $0
Net operating income $45,098

Peoples Security Bank And Trust Company's gross interest income from loans was $94,213,000.
Peoples Security Bank And Trust Company's net interest income from loans was $86,750,000.
Peoples Security Bank And Trust Company's fee based income from loans was $1,928,000.
Peoples Security Bank And Trust Company's net income from loans was $45,098,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $7,463
Provision for credit losses $1,750
Total noninterest expense $59,180
Salaries and employee benefits $32,818
Premises and equipment expense $10,415
Additional noninterest expense $15,947
Applicable income taxes $9,806
Net charge-offs $711
Cash dividends $10,792

Peoples Security Bank And Trust Company's interest expense for loans was $7,463,000.
Peoples Security Bank And Trust Company's payroll and benefits expense were $32,818,000.
Peoples Security Bank And Trust Company's property, plant and equipment expenses $10,415,000.

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 $2,967,441
Deposits held in domestic offices $2,967,441
Deposits by Individuals, partnerships, and corporations $2,444,461
Deposits by U.S. Government $5
Deposits by States and political subdivisions in the U.S. $519,853
Deposits by Commercial banks and other depository institutions in U.S. $3,122
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $234,027
Demand deposits $197,869
Nontransaction accounts $2,733,414
Money market deposit accounts (MMDAs) $588,246
Other savings deposits (excluding MMDAs) $1,850,654
Total time deposits $294,514
Total time and savings deposits $2,769,572
Noninterest-bearing deposits $745,029
Interest-bearing deposits $2,222,412
Retail deposits $2,865,646
IRAs and Keogh plan accounts $45,649
Brokered deposits $12,500
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,366,112
Cash & Balances due from depository institutions $279,933
Interest-bearing balances $248,574
Total securities $588,535
Federal funds sold & reverse repurchase $0
Net loans and leases $2,301,198
Loan and leases loss allowance $28,383
Trading account assets $9,026
Bank premises and fixed assets $51,502
Other real estate owned $609
Goodwill and other intangibles $64,720
All other assets $70,589

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,366,112
Total Liabilities $2,999,354
Total deposits $2,967,441
Interest-bearing deposits $2,222,412
Deposits held in domestic offices $2,967,441
% insured (estimated) $91
Federal funds purchased and repurchase agreements $0
Trading liabilities $8,811
Other borrowed funds $2,711
Subordinated debt $0
All other liabilities $20,391

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,301,198
Loan and leases loss allowance $28,383
Total loans and leases (domestic) $2,329,581
All real estate loans $1,708,374
Real estate loans in domestic offices $1,708,374
Construction and development loans $178,560
Residential 1-4 family construction $31,711
Other construction, all land development and other land $146,849
Loans secured by nonfarm nonresidential properties $904,175
Nonfarm nonresidential secured by owner-occupied properties $320,091
Commercial real estate & other non-farm, non-residential $584,084
Multifamily residential real estate $189,403
1-4 family residential loans $420,769
Farmland loans $15,467
Loans held in foreign offices $0
Farm loans $9
Commercial and industrial loans $353,341
To non-U.S. addressees $0
Loans to individuals $73,353
Credit card loans $0
Related Plans $1,858
Consumer Auto Loans $67,029
Other loans to individuals $4,466
All other loans & leases $194,504
Loans to foreign governments and official institutions $0
Other loans $62,848
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 $238
Restructured Loans & leases $1,611
Non 1-4 family restructured loans & leases $1,058
Total loans and leases (foreign) $0

Peoples Security Bank and Trust Company had $2,301,198,000 of loans outstanding in 2021. $1,708,374,000 of loans were in real estate loans. $178,560,000 of loans were in development loans. $189,403,000 of loans were in multifamily mortgage loans. $420,769,000 of loans were in 1-4 family mortgage loans. $9,000 of loans were in farm loans. $0 of loans were in credit card loans. $67,029,000 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 731 $156,097 $213,539
Nonfarm, nonresidential loans - <$100k 167 $4,741 $28,389
Nonfarm, nonresidential loans - $100-250k 235 $23,310 $99,191
Nonfarm, nonresidential loans - $250k-1MM 329 $128,046 $389,198
Commercial & Industrial, US addressed loans - <$1MM 1,407 $100,645 $71,532
Commercial & Industrial, US addressed loans - <$100k 900 $17,222 $19,136
Commercial & Industrial, US addressed loans - $100-250k 280 $26,140 $93,357
Commercial & Industrial, US addressed loans - $250k-1MM 227 $57,283 $252,348
Farmland loans - <$1MM 26 $3,410 $131,154
Farmland loans - <$100k 8 $196 $24,500
Farmland loans - $100-250k 10 $961 $96,100
Farmland loans - $250k-1MM 8 $2,253 $281,625
Agriculture operations loans - <$1MM 1 $9 $9,000
Agriculture operations loans - <$100k 1 $9 $9,000