Peoples Security Bank And Trust Company Mortgage Rates, Fees & Info
Hallstead, PALEI: 549300PJX0ZHPQ614C72
Tax ID: 24-0603570
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Review & 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 by origination volume include: Allentown, Scranton, Philadelphia, York, and New York among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Security Bank And Trust Company 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. Peoples Security Bank And Trust Company 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 about average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.47% | 4/21/24 |
| 30 Year Conventional Refi | 6.37% | 4/21/24 |
| 30 Year Cash-out Refi | 6.56% | 4/21/24 |
| 15 Year Conventional Purchase | 6.03% | 4/21/24 |
| 15 Year Conventional Refi | 5.93% | 4/21/24 |
| 15 Year Cash-out Refi | 5.93% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Peoples Security Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
795Origination Dollar Volume (All Markets)
$210,505,000Employee count
368Top 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 |
|---|---|---|---|---|---|
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 137 | $75,805,000 | $553,321 | $3,675 | 2.79% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 395 | $68,275,000 | $172,848 | $3,013 | 2.74% |
| Outside of Metro Areas | 147 | $22,085,000 | $150,238 | $2,230 | 2.59% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 29 | $17,485,000 | $602,931 | $4,481 | 3.22% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $8,295,000 | $8,295,000 | $0 | 4.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $3,955,000 | $565,000 | $4,629 | 3.71% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 21 | $3,605,000 | $171,667 | $3,532 | 2.61% |
| BINGHAMTON, NY (FHA|USDA|VA) | 25 | $3,185,000 | $127,400 | $2,401 | 2.78% |
| LEBANON, PA (FHA|USDA|VA) | 12 | $2,910,000 | $242,500 | $1,210 | 3.36% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $3,903 | 2.13% |
| Sayre, PA (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $4,545 | 2.78% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $0 | 3.35% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,837 | 2.88% |
| READING, PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,163 | 2.76% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,992 | 3.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,631 | 3.63% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Peoples Security Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 547 | $185,945,000 | $339,936 | $2,980 | 3.43% |
| HELOC | 248 | $24,560,000 | $99,032 | n/a | 1.25% |
For 2020, Peoples Security Bank And Trust Company's most frequently originated type of loan was Conventional, with 547 originations. Their 2nd most popular type was HELOC, with 248 originations.
Loan Reason
For 2020, Peoples Security Bank And Trust Company's most frequently cited loan purpose was Refi, with 247 originations. The 2nd most popular reason was Home Purchase, with 206 originations.
Loan Duration/Length
For 2020, Peoples Security Bank And Trust Company's most frequently cited loan duration was 30 Year, with 387 originations. The 2nd most popular length was 15 Year, with 168 originations.
Origination Fees/Closing Costs
Peoples Security Bank And Trust Company's average total fees were $4,412, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 269 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 294 | $106,690,000 | $362,891 |
| <2.5% | 237 | $24,665,000 | $104,072 |
| 2.5-3% | 158 | $55,170,000 | $349,177 |
| 4-5% | 86 | $21,490,000 | $249,884 |
| 5-6% | 20 | $2,490,000 | $124,500 |
During 2020, Peoples Security Bank And Trust Company's average interest rate for loans was 1.95%, while their most frequently originated rate bucket for loans was 3-4%, with 294 originations.
Loan Sizing
2020 saw Peoples Security Bank And Trust Company place emphasis on $100,000 or less loans with 313 originations, totaling $17,325,000 in origination value.
Applicant Income
Peoples Security Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 151 originations. The second most popular income band? $50k-75k, with 132 originations.
Applicant Debt to Income Ratio
Peoples Security Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 232 originations. The next most common DTI ratio? 30-36%, with 135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.90%
Peoples Security Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination77.86%
Peoples Security Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 795 | $210,505,000 | $264,786 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Other type of mortgage | Struggling to pay mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 11.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 11.1% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 5.6% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 4 | 22.2% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 6 | 33.3% |
| PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 5.6% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Peoples Security Bank and Trust Company | 25109 State Route 11 Hallstead, PA 18822 | Full Service B&M | $315,242 |
| Peoples Security Bank and Trust Company | 1026 Conklin Road Conklin, NY 13748 | Full Service B&M | $29,725 |
| Peoples Security Bank and Trust Company | 1100 Northern Boulevard Clarks Summit, PA 18411 | Full Service B&M | $93,264 |
| Peoples Security Bank and Trust Company | 126 Main Street Hop Bottom, PA 18824 | Full Service B&M | $68,777 |
| Peoples Security Bank and Trust Company | 139-145 North Main Street Moscow, PA 18444 | Full Service B&M | $76,996 |
| Peoples Security Bank and Trust Company | 150 North Washington Avenue Scranton, PA 18503 | Full Service B&M | $175,529 |
| Peoples Security Bank and Trust Company | 1901 Sanderson Avenue Scranton, PA 18509 | Full Service B&M | $87,586 |
| Peoples Security Bank and Trust Company | 215 Erie Boulevard Susquehanna, PA 18847 | Full Service B&M | $77,641 |
| Peoples Security Bank and Trust Company | 2151 Emrick Blvd. Bethlehem, PA 18020 | Full Service B&M | $76,089 |
| Peoples Security Bank and Trust Company | 216 South Main Street Old Forge, PA 18518 | Full Service B&M | $112,846 |
| Peoples Security Bank and Trust Company | 2355 City Line Road Bethlehem, PA 18017 | Full Service B&M | $78,973 |
| Peoples Security Bank and Trust Company | 275 Main St Binghamton, NY 13905 | Full Service B&M | $45,737 |
| Peoples Security Bank and Trust Company | 304 Main Street Duryea, PA 18642 | Full Service B&M | $27,332 |
| Peoples Security Bank and Trust Company | 325 South Main Street Doylestown, PA 18901 | Full Service B&M | $8 |
| Peoples Security Bank and Trust Company | 3920 Tilghman Street Allentown, PA 18104 | Full Service B&M | $39,608 |
| Peoples Security Bank and Trust Company | 406 Pocono Boulevard Mount Pocono, PA 18344 | Full Service B&M | $68,403 |
| Peoples Security Bank and Trust Company | 42-48 State Street Nicholson, PA 18446 | Full Service B&M | $58,046 |
| Peoples Security Bank and Trust Company | 420 Davis Street Scranton, PA 18505 | Full Service B&M | $53,008 |
| Peoples Security Bank and Trust Company | 435 Wyoming Avenue Kingston, PA 18704 | Full Service B&M | $25,160 |
| Peoples Security Bank and Trust Company | 494 Gravel Pond Road Clarks Summit, PA 18411 | Full Service B&M | $72,303 |
| Peoples Security Bank and Trust Company | 526 Cedar Avenue Scranton, PA 18505 | Full Service B&M | $53,322 |
| Peoples Security Bank and Trust Company | 534 Main Street Gouldsboro, PA 18424 | Full Service B&M | $21,817 |
| Peoples Security Bank and Trust Company | 540 Main Street Peckville, PA 18452 | Full Service B&M | $70,902 |
| Peoples Security Bank and Trust Company | 610 Freedom Business Center Drive King Of Prussia, PA 19406 | Full Service B&M | $62,119 |
| Peoples Security Bank and Trust Company | 83 East Tioga Street Tunkhannock, PA 18657 | Full Service B&M | $112,142 |
| Peoples Security Bank and Trust Company | 830 Norman Drive Lebanon, PA 17042 | Full Service B&M | $6,941 |
| Peoples Security Bank and Trust Company | 968 Prescott Avenue Scranton, PA 18510 | Full Service B&M | $53,455 |
| Peoples Security Bank and Trust Company | 99 Grow Avenue Montrose, PA 18801 | Full Service B&M | $175,192 |
| Peoples Security Bank and Trust Company | U.S. Route 6 Meshoppen, PA 18630 | Full Service B&M | $77,601 |
For 2020, Peoples Security Bank And Trust Company had 29 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $94,521 |
| Net interest income | $81,349 |
| Total noninterest income | $16,491 |
| Gross Fiduciary activities income | $2,125 |
| Service charges on deposit accounts | $1,910 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $12,456 |
| Pre-tax net operating income | $34,489 |
| Securities gains (or losses, -) | $918 |
| Income before extraordinary items | $30,332 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $30,332 |
| Minority interest net income | $0 |
| Net income | $30,332 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $29,542 |
Peoples Security Bank And Trust Company's gross interest income from loans was $94,521,000.
Peoples Security Bank And Trust Company's net interest income from loans was $81,349,000.
Peoples Security Bank And Trust Company's fee based income from loans was $1,910,000.
Peoples Security Bank And Trust Company's net income from loans was $30,332,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $13,172 |
| Provision for credit losses | $7,400 |
| Total noninterest expense | $55,951 |
| Salaries and employee benefits | $31,197 |
| Premises and equipment expense | $10,638 |
| Additional noninterest expense | $14,116 |
| Applicable income taxes | $5,075 |
| Net charge-offs | $2,733 |
| Cash dividends | $10,518 |
Peoples Security Bank And Trust Company's interest expense for loans was $13,172,000.
Peoples Security Bank And Trust Company's payroll and benefits expense were $31,197,000.
Peoples Security Bank And Trust Company's property, plant and equipment expenses $10,638,000.
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 | $2,438,182 |
| Deposits held in domestic offices | $2,438,182 |
| Deposits by Individuals, partnerships, and corporations | $2,046,519 |
| Deposits by U.S. Government | $5 |
| Deposits by States and political subdivisions in the U.S. | $387,975 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,683 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $184,367 |
| Demand deposits | $83,031 |
| Nontransaction accounts | $2,253,815 |
| Money market deposit accounts (MMDAs) | $496,634 |
| Other savings deposits (excluding MMDAs) | $1,437,486 |
| Total time deposits | $319,695 |
| Total time and savings deposits | $2,355,151 |
| Noninterest-bearing deposits | $626,027 |
| Interest-bearing deposits | $1,812,155 |
| Retail deposits | $2,316,430 |
| IRAs and Keogh plan accounts | $46,831 |
| Brokered deposits | $25,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,883,391 |
| Cash & Balances due from depository institutions | $45,192 |
| Interest-bearing balances | $16,511 |
| Total securities | $303,136 |
| Federal funds sold & reverse repurchase | $183,000 |
| Net loans and leases | $2,151,475 |
| Loan and leases loss allowance | $27,344 |
| Trading account assets | $13,693 |
| Bank premises and fixed assets | $47,045 |
| Other real estate owned | $864 |
| Goodwill and other intangibles | $65,168 |
| All other assets | $73,818 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,883,391 |
| Total Liabilities | $2,534,807 |
| Total deposits | $2,438,182 |
| Interest-bearing deposits | $1,812,155 |
| Deposits held in domestic offices | $2,438,182 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $13,614 |
| Other borrowed funds | $64,769 |
| Subordinated debt | $0 |
| All other liabilities | $18,242 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,151,475 |
| Loan and leases loss allowance | $27,344 |
| Total loans and leases (domestic) | $2,178,819 |
| All real estate loans | $1,525,314 |
| Real estate loans in domestic offices | $1,525,314 |
| Construction and development loans | $211,028 |
| Residential 1-4 family construction | $32,972 |
| Other construction, all land development and other land | $178,056 |
| Loans secured by nonfarm nonresidential properties | $751,869 |
| Nonfarm nonresidential secured by owner-occupied properties | $276,342 |
| Commercial real estate & other non-farm, non-residential | $475,527 |
| Multifamily residential real estate | $151,037 |
| 1-4 family residential loans | $396,386 |
| Farmland loans | $14,994 |
| Loans held in foreign offices | $0 |
| Farm loans | $27 |
| Commercial and industrial loans | $475,283 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $83,542 |
| Credit card loans | $0 |
| Related Plans | $2,844 |
| Consumer Auto Loans | $75,036 |
| Other loans to individuals | $5,662 |
| All other loans & leases | $94,653 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $36,073 |
| 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 | $247 |
| Restructured Loans & leases | $1,559 |
| Non 1-4 family restructured loans & leases | $1,107 |
| Total loans and leases (foreign) | $0 |
Peoples Security Bank and Trust Company had $2,151,475,000 of loans outstanding in 2020. $1,525,314,000 of loans were in real estate loans. $211,028,000 of loans were in development loans. $151,037,000 of loans were in multifamily mortgage loans. $396,386,000 of loans were in 1-4 family mortgage loans. $27,000 of loans were in farm loans. $0 of loans were in credit card loans. $75,036,000 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 | 768 | $157,364 | $204,901 |
| Nonfarm, nonresidential loans - <$100k | 195 | $5,722 | $29,344 |
| Nonfarm, nonresidential loans - $100-250k | 244 | $25,617 | $104,988 |
| Nonfarm, nonresidential loans - $250k-1MM | 329 | $126,025 | $383,055 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,035 | $161,866 | $79,541 |
| Commercial & Industrial, US addressed loans - <$100k | 1,354 | $32,083 | $23,695 |
| Commercial & Industrial, US addressed loans - $100-250k | 381 | $40,443 | $106,150 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 300 | $89,340 | $297,800 |
| Farmland loans - <$1MM | 23 | $3,096 | $134,609 |
| Farmland loans - <$100k | 8 | $286 | $35,750 |
| Farmland loans - $100-250k | 8 | $826 | $103,250 |
| Farmland loans - $250k-1MM | 7 | $1,984 | $283,429 |
| Agriculture operations loans - <$1MM | 4 | $27 | $6,750 |
| Agriculture operations loans - <$100k | 4 | $27 | $6,750 |