People's Bank Of Seneca Mortgage Rates, Fees & Info

Seneca, MO

LEI: 549300Q8R70WLHGFLX73

Tax ID: 43-1730907

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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

    People's Bank Of Seneca is a smaller bank specializing in Home Purchase and Refi loans. People's Bank Of Seneca has a high proportion of conventional loans. Their top markets by origination volume include: Joplin, Kansas City, Provo, Miami, and Pittsburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    People's Bank Of Seneca 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.

    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

    240

    Origination Dollar Volume (All Markets)

    $30,310,000

    Employee count

    35

    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
    JOPLIN, MO (FHA|USDA|VA) 212 $25,240,000 $119,057 $0 0.00%
    Outside of Metro Areas 13 $1,905,000 $146,538 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
    Miami, OK (FHA|USDA|VA) 6 $730,000 $121,667 $0 0.00%
    Pittsburg, KS (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    People's Bank Of Seneca's top markets include Joplin, Kansas City, Provo, Miami, and Pittsburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $30,310,000 $126,292 $0 0.00%

    For 2018, People's Bank Of Seneca's most frequently originated type of loan was Conventional, with 240 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 185 $22,025,000 $119,054 $0 0.00%
    Refi 46 $7,170,000 $155,870 $0 0.00%
    Other 5 $825,000 $165,000 $0 0.00%
    Home Improvement 4 $290,000 $72,500 $0 0.00%

    For 2018, People's Bank Of Seneca's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 240 $30,310,000 $126,292 $0 0.00%

    For 2018, People's Bank Of Seneca's most frequently cited loan duration was Other, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 128 $6,090,000 $47,578 $0 0.00%
    $100k-200k 68 $9,450,000 $138,971 $0 0.00%
    $200k-400k 29 $7,465,000 $257,414 $0 0.00%
    $400k-600k 13 $5,865,000 $451,154 $0 0.00%
    $600k-1MM 2 $1,440,000 $720,000 $0 0.00%

    2018 saw People's Bank Of Seneca place emphasis on $100,000 or less loans with 128 originations, totaling $6,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $4,570,000 $84,630 $0 0.00%
    $75k-100k 40 $4,180,000 $104,500 $0 0.00%
    $100k-150k 36 $4,850,000 $134,722 $0 0.00%
    $50k or less 34 $2,460,000 $72,353 $0 0.00%
    $150k-250k 19 $3,975,000 $209,211 $0 0.00%
    $250k+ 17 $5,455,000 $320,882 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 240 $30,310,000 $126,292 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with DTI ratios of Exempt%, with 240 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $25,345,000 $128,655 $0 0.00%
    Not applicable 39 $4,705,000 $120,641 $0 0.00%
    American Indian 4 $260,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.16%

    People's Bank Of Seneca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.42%

    People's Bank Of Seneca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 240 $30,310,000 $126,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $145,000 $145,000
    Multifamily:Site-Built 5 $2,415,000 $483,000
    Single Family (1-4 Units):Manufactured 5 $555,000 $111,000
    Single Family (1-4 Units):Site-Built 229 $27,195,000 $118,755

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 40.0%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 2 40.0%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    People's Bank of Seneca 1615 Cherokee Avenue Seneca, MO 64865 Full Service B&M $123,322
    People's Bank of Seneca 1731 East 20th Street Joplin, MO 64804 Full Service B&M $8,956
    People's Bank of Seneca 1931 E. 20th Street Unit 101 Joplin, MO 64804 Limited, Administrative $0
    People's Bank of Seneca 5034 Highway 43 Joplin, MO 64804 Full Service B&M $30,822

    For 2018, People's Bank Of Seneca had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,017
    Net interest income $7,682
    Total noninterest income $1,774
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $245
    Trading account gains and fees $0
    Additional Noninterest Income $1,529
    Pre-tax net operating income $3,660
    Securities gains (or losses, -) $2
    Income before extraordinary items $2,689
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,689
    Minority interest net income $0
    Net income $2,689
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,687

    People's Bank Of Seneca's gross interest income from loans was $9,017,000.
    People's Bank Of Seneca's net interest income from loans was $7,682,000.
    People's Bank Of Seneca's fee based income from loans was $245,000.
    People's Bank Of Seneca's net income from loans was $2,689,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,335
    Provision for credit losses $750
    Total noninterest expense $5,046
    Salaries and employee benefits $2,782
    Premises and equipment expense $918
    Additional noninterest expense $1,346
    Applicable income taxes $973
    Net charge-offs $219
    Cash dividends $300

    People's Bank Of Seneca's interest expense for loans was $1,335,000.
    People's Bank Of Seneca's payroll and benefits expense were $2,782,000.
    People's Bank Of Seneca's property, plant and equipment expenses $918,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 0.0%
    All other family 1.0%
    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 $171,330
    Deposits held in domestic offices $171,330
    Deposits by Individuals, partnerships, and corporations $148,518
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,363
    Deposits by Commercial banks and other depository institutions in U.S. $2,449
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $83,052
    Demand deposits $16,137
    Nontransaction accounts $88,278
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $55,605
    Total time deposits $32,673
    Total time and savings deposits $155,193
    Noninterest-bearing deposits $17,191
    Interest-bearing deposits $154,139
    Retail deposits $153,756
    IRAs and Keogh plan accounts $2,669
    Brokered deposits $9,851
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $195,208
    Cash & Balances due from depository institutions $11,032
    Interest-bearing balances $6,803
    Total securities $18,759
    Federal funds sold & reverse repurchase $0
    Net loans and leases $151,943
    Loan and leases loss allowance $2,043
    Trading account assets $0
    Bank premises and fixed assets $6,231
    Other real estate owned $120
    Goodwill and other intangibles $481
    All other assets $6,642

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $195,207
    Total Liabilities $176,955
    Total deposits $171,330
    Interest-bearing deposits $154,139
    Deposits held in domestic offices $171,330
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $625

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,943
    Loan and leases loss allowance $2,043
    Total loans and leases (domestic) $153,986
    All real estate loans $134,663
    Real estate loans in domestic offices $134,663
    Construction and development loans $17,086
    Residential 1-4 family construction $8,121
    Other construction, all land development and other land $8,965
    Loans secured by nonfarm nonresidential properties $42,266
    Nonfarm nonresidential secured by owner-occupied properties $30,561
    Commercial real estate & other non-farm, non-residential $11,705
    Multifamily residential real estate $7,547
    1-4 family residential loans $64,639
    Farmland loans $3,125
    Loans held in foreign offices $0
    Farm loans $490
    Commercial and industrial loans $15,576
    To non-U.S. addressees $0
    Loans to individuals $3,244
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,890
    Other loans to individuals $1,354
    All other loans & leases $12
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $1,414
    Non 1-4 family restructured loans & leases $880
    Total loans and leases (foreign) $0

    People's Bank of Seneca had $151,943,000 of loans outstanding in 2018. $134,663,000 of loans were in real estate loans. $17,086,000 of loans were in development loans. $7,547,000 of loans were in multifamily mortgage loans. $64,639,000 of loans were in 1-4 family mortgage loans. $490,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,890,000 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 138 $21,943 $159,007
    Nonfarm, nonresidential loans - <$100k 72 $3,334 $46,306
    Nonfarm, nonresidential loans - $100-250k 38 $6,224 $163,789
    Nonfarm, nonresidential loans - $250k-1MM 28 $12,385 $442,321
    Commercial & Industrial, US addressed loans - <$1MM 216 $15,576 $72,111
    Commercial & Industrial, US addressed loans - <$100k 178 $4,678 $26,281
    Commercial & Industrial, US addressed loans - $100-250k 26 $5,466 $210,231
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $5,432 $452,667
    Farmland loans - <$1MM 9 $724 $80,444
    Farmland loans - <$100k 7 $270 $38,571
    Farmland loans - $100-250k 1 $142 $142,000
    Farmland loans - $250k-1MM 1 $312 $312,000
    Agriculture operations loans - <$1MM 8 $489 $61,125
    Agriculture operations loans - <$100k 7 $139 $19,857
    Agriculture operations loans - $250k-1MM 1 $350 $350,000