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

Seneca, MO

LEI: 549300Q8R70WLHGFLX73

Tax ID: 43-1730907

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Fayetteville, Tahlequah, and Miami among others. We have data for 11 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    226

    Origination Dollar Volume (All Markets)

    $28,140,000

    Employee count

    33

    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) 180 $22,040,000 $122,444 $0 0.00%
    Outside of Metro Areas 22 $2,080,000 $94,545 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,505,000 $501,667 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $665,000 $133,000 $0 0.00%
    Tahlequah, OK (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
    Miami, OK (FHA|USDA|VA) 7 $465,000 $66,429 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    WICHITA, KS (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    Pittsburg, KS (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Newport, OR (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    People's Bank Of Seneca's top markets include Joplin, Kansas City, Fayetteville, Tahlequah, and Miami among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 226 $28,140,000 $124,513 $0 0.00%

    For 2019, People's Bank Of Seneca's most frequently originated type of loan was Conventional, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 168 $20,690,000 $123,155 $0 0.00%
    Refi 46 $6,670,000 $145,000 $0 0.00%
    Home Improvement 7 $515,000 $73,571 $0 0.00%
    Other 5 $265,000 $53,000 $0 0.00%

    For 2019, People's Bank Of Seneca's most frequently cited loan purpose was Home Purchase, with 168 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 226 $28,140,000 $124,513 $0 0.00%

    For 2019, People's Bank Of Seneca's most frequently cited loan duration was Other, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 127 $5,635,000 $44,370 $0 0.00%
    $100k-200k 56 $7,700,000 $137,500 $0 0.00%
    $200k-400k 34 $8,850,000 $260,294 $0 0.00%
    $400k-600k 6 $2,800,000 $466,667 $0 0.00%
    $1MM+ 2 $2,490,000 $1,245,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2019 saw People's Bank Of Seneca place emphasis on $100,000 or less loans with 127 originations, totaling $5,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 39 $4,205,000 $107,821 $0 0.00%
    $100k-150k 37 $4,195,000 $113,378 $0 0.00%
    $50k or less 36 $2,220,000 $61,667 $0 0.00%
    $50k-75k 35 $3,065,000 $87,571 $0 0.00%
    $150k-250k 21 $2,635,000 $125,476 $0 0.00%
    $250k+ 13 $4,055,000 $311,923 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with incomes in the $75k-100k range, with 39 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 226 $28,140,000 $124,513 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with DTI ratios of Exempt%, with 226 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $18,370,000 $109,345 $0 0.00%
    Not applicable 42 $7,380,000 $175,714 $0 0.00%
    Asian 3 $1,035,000 $345,000 $0 0.00%
    Not provided 9 $845,000 $93,889 $0 0.00%
    Black 4 $510,000 $127,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.75%

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

    Pick Rate

    Approvals leading to origination
    81.86%

    People's Bank Of Seneca has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 226 $28,140,000 $124,513

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,315,000 $663,000
    Single Family (1-4 Units):Manufactured 8 $420,000 $52,500
    Single Family (1-4 Units):Site-Built 213 $24,405,000 $114,577

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 3 21.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 28.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 7.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 14.3%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 2 14.3%

    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 $134,623
    People's Bank of Seneca 1731 East 20th Street Joplin, MO 64804 Full Service B&M $18,844
    People's Bank of Seneca 2116 Maiden Lane Joplin, MO 64804 Full Service B&M $605
    People's Bank of Seneca 5034 Highway 43 Joplin, MO 64804 Full Service B&M $26,529

    For 2019, People's Bank Of Seneca had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,412
    Net interest income $8,559
    Total noninterest income $1,252
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $211
    Trading account gains and fees $0
    Additional Noninterest Income $1,041
    Pre-tax net operating income $3,886
    Securities gains (or losses, -) $-52
    Income before extraordinary items $2,849
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,849
    Minority interest net income $0
    Net income $2,849
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,890

    People's Bank Of Seneca's gross interest income from loans was $10,412,000.
    People's Bank Of Seneca's net interest income from loans was $8,559,000.
    People's Bank Of Seneca's fee based income from loans was $211,000.
    People's Bank Of Seneca's net income from loans was $2,849,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,853
    Provision for credit losses $850
    Total noninterest expense $5,075
    Salaries and employee benefits $2,962
    Premises and equipment expense $805
    Additional noninterest expense $1,308
    Applicable income taxes $985
    Net charge-offs $422
    Cash dividends $350

    People's Bank Of Seneca's interest expense for loans was $1,853,000.
    People's Bank Of Seneca's payroll and benefits expense were $2,962,000.
    People's Bank Of Seneca's property, plant and equipment expenses $805,000.

    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 $204,295
    Deposits held in domestic offices $204,295
    Deposits by Individuals, partnerships, and corporations $165,607
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,421
    Deposits by Commercial banks and other depository institutions in U.S. $12,267
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $93,969
    Demand deposits $21,290
    Nontransaction accounts $110,326
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $48,047
    Total time deposits $62,279
    Total time and savings deposits $183,005
    Noninterest-bearing deposits $21,290
    Interest-bearing deposits $183,005
    Retail deposits $170,896
    IRAs and Keogh plan accounts $2,258
    Brokered deposits $27,206
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $238,507
    Cash & Balances due from depository institutions $11,948
    Interest-bearing balances $7,640
    Total securities $13,794
    Federal funds sold & reverse repurchase $87
    Net loans and leases $198,030
    Loan and leases loss allowance $2,471
    Trading account assets $0
    Bank premises and fixed assets $6,483
    Other real estate owned $386
    Goodwill and other intangibles $492
    All other assets $7,287

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $238,507
    Total Liabilities $217,374
    Total deposits $204,295
    Interest-bearing deposits $183,005
    Deposits held in domestic offices $204,295
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $1,079

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,030
    Loan and leases loss allowance $2,471
    Total loans and leases (domestic) $200,501
    All real estate loans $153,347
    Real estate loans in domestic offices $153,347
    Construction and development loans $16,104
    Residential 1-4 family construction $9,537
    Other construction, all land development and other land $6,567
    Loans secured by nonfarm nonresidential properties $50,731
    Nonfarm nonresidential secured by owner-occupied properties $38,609
    Commercial real estate & other non-farm, non-residential $12,122
    Multifamily residential real estate $7,737
    1-4 family residential loans $74,568
    Farmland loans $4,207
    Loans held in foreign offices $0
    Farm loans $435
    Commercial and industrial loans $43,421
    To non-U.S. addressees $0
    Loans to individuals $3,293
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,039
    Other loans to individuals $1,254
    All other loans & leases $4
    Loans to foreign governments and official institutions $0
    Other loans $4
    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 $1,073
    Non 1-4 family restructured loans & leases $519
    Total loans and leases (foreign) $0

    People's Bank of Seneca had $198,030,000 of loans outstanding in 2019. $153,347,000 of loans were in real estate loans. $16,104,000 of loans were in development loans. $7,737,000 of loans were in multifamily mortgage loans. $74,568,000 of loans were in 1-4 family mortgage loans. $435,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,039,000 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 149 $28,243 $189,550
    Nonfarm, nonresidential loans - <$100k 62 $2,981 $48,081
    Nonfarm, nonresidential loans - $100-250k 49 $7,726 $157,673
    Nonfarm, nonresidential loans - $250k-1MM 38 $17,536 $461,474
    Commercial & Industrial, US addressed loans - <$1MM 244 $18,177 $74,496
    Commercial & Industrial, US addressed loans - <$100k 195 $5,806 $29,774
    Commercial & Industrial, US addressed loans - $100-250k 32 $4,904 $153,250
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $7,467 $439,235
    Farmland loans - <$1MM 10 $2,565 $256,500
    Farmland loans - <$100k 2 $67 $33,500
    Farmland loans - $100-250k 2 $480 $240,000
    Farmland loans - $250k-1MM 6 $2,018 $336,333
    Agriculture operations loans - <$1MM 5 $435 $87,000
    Agriculture operations loans - <$100k 4 $85 $21,250
    Agriculture operations loans - $250k-1MM 1 $350 $350,000