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

Seneca, MO

LEI: 549300Q8R70WLHGFLX73

Tax ID: 43-1730907

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Mortgage Data

Bank Data

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, Pittsburg, Fayetteville, Springfield, and Miami among others. We have data for 15 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.

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Originations

334

Origination Dollar Volume (All Markets)

$64,570,000

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) 269 $52,115,000 $193,736 $0 0.00%
Outside of Metro Areas 31 $6,025,000 $194,355 $0 0.00%
Pittsburg, KS (FHA|USDA|VA) 5 $1,745,000 $349,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $1,035,000 $207,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
Miami, OK (FHA|USDA|VA) 10 $750,000 $75,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Parsons, KS (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Coffeyville, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
People's Bank Of Seneca's top markets include Joplin, Pittsburg, Fayetteville, Springfield, 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 334 $64,570,000 $193,323 $0 0.00%

    For 2021, People's Bank Of Seneca's most frequently originated type of loan was Conventional, with 334 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 215 $38,835,000 $180,628 $0 0.00%
    Refi 97 $19,845,000 $204,588 $0 0.00%
    Home Improvement 13 $5,345,000 $411,154 $0 0.00%
    Other 9 $545,000 $60,556 $0 0.00%

    For 2021, People's Bank Of Seneca's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was Refi, with 97 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 334 $64,570,000 $193,323 $0 0.00%

    For 2021, People's Bank Of Seneca's most frequently cited loan duration was Other, with 334 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $6,915,000 $51,992 $0 0.00%
    $100k-200k 101 $14,585,000 $144,406 $0 0.00%
    $200k-400k 75 $20,275,000 $270,333 $0 0.00%
    $400k-600k 15 $7,095,000 $473,000 $0 0.00%
    $1MM+ 6 $12,330,000 $2,055,000 $0 0.00%
    $600k-1MM 4 $3,370,000 $842,500 $0 0.00%

    2021 saw People's Bank Of Seneca place emphasis on $100,000 or less loans with 133 originations, totaling $6,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $8,900,000 $158,929 $0 0.00%
    $75k-100k 42 $5,730,000 $136,429 $0 0.00%
    $50k-75k 40 $4,730,000 $118,250 $0 0.00%
    $50k or less 31 $2,275,000 $73,387 $0 0.00%
    $150k-250k 27 $5,455,000 $202,037 $0 0.00%
    $250k+ 24 $8,390,000 $349,583 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $75k-100k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 334 $64,570,000 $193,323 $0 0.00%

    People's Bank Of Seneca lent most frequently to those with DTI ratios of Exempt%, with 334 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 194 $31,380,000 $161,753 $0 0.00%
    Not applicable 108 $28,010,000 $259,352 $0 0.00%
    Not provided 19 $3,275,000 $172,368 $0 0.00%
    American Indian 9 $1,085,000 $120,556 $0 0.00%
    Asian 3 $705,000 $235,000 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.99%

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

    Pick Rate

    Approvals leading to origination
    86.53%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 334 $64,570,000 $193,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    334 $64,570,000 $193,323

    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)
    People's Bank of Seneca 1615 Cherokee Avenue Seneca, MO 64865 Full Service B&M $225,870
    People's Bank of Seneca 1731 East 20th Street Joplin, MO 64804 Full Service B&M $31,847
    People's Bank of Seneca 2116 Maiden Lane Joplin, MO 64804 Full Service B&M $3,930
    People's Bank of Seneca 5034 Highway 43 Joplin, MO 64804 Full Service B&M $36,934

    For 2021, People's Bank Of Seneca had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,371
    Net interest income $11,829
    Total noninterest income $1,867
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $184
    Trading account gains and fees $0
    Additional Noninterest Income $1,683
    Pre-tax net operating income $6,377
    Securities gains (or losses, -) $1
    Income before extraordinary items $4,669
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,669
    Minority interest net income $0
    Net income $4,669
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,668

    People's Bank Of Seneca's gross interest income from loans was $13,371,000.
    People's Bank Of Seneca's net interest income from loans was $11,829,000.
    People's Bank Of Seneca's fee based income from loans was $184,000.
    People's Bank Of Seneca's net income from loans was $4,669,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,542
    Provision for credit losses $1,330
    Total noninterest expense $5,989
    Salaries and employee benefits $3,526
    Premises and equipment expense $753
    Additional noninterest expense $1,710
    Applicable income taxes $1,709
    Net charge-offs $88
    Cash dividends $500

    People's Bank Of Seneca's interest expense for loans was $1,542,000.
    People's Bank Of Seneca's payroll and benefits expense were $3,526,000.
    People's Bank Of Seneca's property, plant and equipment expenses $753,000.

    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 2.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $301,879
    Deposits held in domestic offices $301,879
    Deposits by Individuals, partnerships, and corporations $263,409
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $37,987
    Deposits by Commercial banks and other depository institutions in U.S. $483
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $184,299
    Demand deposits $56,599
    Nontransaction accounts $117,580
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $101,379
    Total time deposits $16,200
    Total time and savings deposits $245,280
    Noninterest-bearing deposits $62,356
    Interest-bearing deposits $239,523
    Retail deposits $295,888
    IRAs and Keogh plan accounts $2,571
    Brokered deposits $3,898
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $340,718
    Cash & Balances due from depository institutions $42,978
    Interest-bearing balances $37,938
    Total securities $42,473
    Federal funds sold & reverse repurchase $375
    Net loans and leases $237,309
    Loan and leases loss allowance $4,517
    Trading account assets $0
    Bank premises and fixed assets $6,930
    Other real estate owned $0
    Goodwill and other intangibles $498
    All other assets $10,155

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $340,718
    Total Liabilities $312,358
    Total deposits $301,879
    Interest-bearing deposits $239,523
    Deposits held in domestic offices $301,879
    % insured (estimated) $37
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $1,479

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $237,309
    Loan and leases loss allowance $4,517
    Total loans and leases (domestic) $241,826
    All real estate loans $202,606
    Real estate loans in domestic offices $202,606
    Construction and development loans $45,986
    Residential 1-4 family construction $18,035
    Other construction, all land development and other land $27,951
    Loans secured by nonfarm nonresidential properties $68,295
    Nonfarm nonresidential secured by owner-occupied properties $46,638
    Commercial real estate & other non-farm, non-residential $21,657
    Multifamily residential real estate $6,302
    1-4 family residential loans $77,871
    Farmland loans $4,152
    Loans held in foreign offices $0
    Farm loans $834
    Commercial and industrial loans $30,838
    To non-U.S. addressees $0
    Loans to individuals $7,534
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,035
    Other loans to individuals $2,499
    All other loans & leases $13
    Loans to foreign governments and official institutions $0
    Other loans $13
    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 $1,373
    Non 1-4 family restructured loans & leases $828
    Total loans and leases (foreign) $0

    People's Bank of Seneca had $237,309,000 of loans outstanding in 2021. $202,606,000 of loans were in real estate loans. $45,986,000 of loans were in development loans. $6,302,000 of loans were in multifamily mortgage loans. $77,871,000 of loans were in 1-4 family mortgage loans. $834,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,035,000 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 189 $34,538 $182,741
    Nonfarm, nonresidential loans - <$100k 78 $2,743 $35,167
    Nonfarm, nonresidential loans - $100-250k 61 $9,812 $160,852
    Nonfarm, nonresidential loans - $250k-1MM 50 $21,983 $439,660
    Commercial & Industrial, US addressed loans - <$1MM 395 $25,510 $64,582
    Commercial & Industrial, US addressed loans - <$100k 329 $8,470 $25,745
    Commercial & Industrial, US addressed loans - $100-250k 44 $6,877 $156,295
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $10,163 $461,955
    Farmland loans - <$1MM 5 $896 $179,200
    Farmland loans - <$100k 1 $47 $47,000
    Farmland loans - $100-250k 3 $542 $180,667
    Farmland loans - $250k-1MM 1 $307 $307,000
    Agriculture operations loans - <$1MM 5 $834 $166,800
    Agriculture operations loans - <$100k 3 $99 $33,000
    Agriculture operations loans - $250k-1MM 2 $735 $367,500