Peoples State Bank Mortgage Rates, Fees & Info

Wausau, WI

LEI: 549300RBWA4J4QTPSY69

Tax ID: 39-0987942

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

Review & Overview

Peoples State Bank is a smaller bank specializing in Home Purchase loans. Peoples State Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wausau, Wisconsin Rapids, Milwaukee, Stevens Point, and Madison among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peoples State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Peoples State Bank 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.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.52%	9/1/24
30 Year Conventional Refi	6.29%	9/1/24
30 Year Cash-out Refi	6.42%	9/1/24
30 Year FHA Purchase	6.59%	9/1/24
30 Year USDA Purchase	6.61%	9/1/24
15 Year Conventional Purchase	6.35%	9/1/24
15 Year Conventional Refi	5.86%	9/1/24
15 Year Cash-out Refi	5.86%	9/1/24
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 State Bank Mortgage Calculator

Purchase Price:

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This is not an official calculator from Peoples State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

411

Origination Dollar Volume (All Markets)

$73,875,000

Employee count

164

Awards

Peoples State Bank 30 Year Conventional Loans silver

Peoples State Bank 30 Year Conventional Loans gold

Show all (3) awards

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
Outside of Metro Areas	200	$32,360,000	$161,800	$1,686	4.76%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	181	$30,935,000	$170,912	$1,720	4.79%
Wisconsin Rapids-Marshfield, WI (FHA\|USDA\|VA)	3	$3,005,000	$1,001,667	$2,331	5.24%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	7	$2,745,000	$392,143	$1,847	5.46%
Stevens Point, WI (FHA\|USDA\|VA)	5	$1,745,000	$349,000	$1,608	4.41%
MADISON, WI (FHA\|USDA\|VA)	3	$745,000	$248,333	$1,834	4.90%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$550,000	$275,000	$3,007	5.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$415,000	$415,000	$4,290	4.50%
LA CROSSE-ONALASKA, WI-MN (FHA\|USDA\|VA)	1	$325,000	$325,000	$2,421	3.75%
Marquette, MI (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,018	3.88%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,558	3.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,980	3.88%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	1	$155,000	$155,000	$1,176	4.88%
Whitewater, WI (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,116	5.00%
Houghton, MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$1,319	4.38%
Shawano, WI (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,050	4.63%
Beaver Dam, WI (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	5.85%

Peoples State Bank's top markets include Wausau, Wisconsin Rapids, Milwaukee, Stevens Point, and Madison among others.

Their top states include:

Wisconsin (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

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Peoples State Bank
Similarity Rank: 306

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	402	$73,120,000	$181,891	$1,695	4.79%
USDA	9	$755,000	$83,889	$2,737	4.35%

For 2018, Peoples State Bank's most frequently originated type of loan was Conventional, with 402 originations. Their 2nd most popular type was USDA, with 9 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	294	$54,200,000	$184,354	$1,811	4.74%
Refi	59	$10,515,000	$178,220	$1,450	4.87%
Cash Out Refi	51	$8,725,000	$171,078	$1,468	4.83%
Home Improvement	5	$225,000	$45,000	$0	5.58%
Other	2	$210,000	$105,000	$2,058	4.50%

For 2018, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Refi, with 59 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	258	$47,190,000	$182,907	$1,747	4.74%
15 Year	75	$11,925,000	$159,000	$1,709	4.32%
5 Year	25	$3,615,000	$144,600	$0	5.81%
20 Year	18	$4,150,000	$230,556	$1,565	4.42%
3 Year	14	$1,260,000	$90,000	$0	5.41%
Other	12	$4,850,000	$404,167	$973	5.66%
1 Year	6	$690,000	$115,000	$0	5.98%
10 Year	3	$195,000	$65,000	$1,524	3.92%

For 2018, Peoples State Bank's most frequently cited loan duration was 30 Year, with 258 originations. The 2nd most popular length was 15 Year, with 75 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	357	$63,715,000	$178,473

Peoples State Bank's average total fees were $1,747, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 357 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	246	$48,020,000	$195,203
5-6%	100	$12,840,000	$128,400
3-4%	52	$10,360,000	$199,231
6-7%	13	$2,655,000	$204,231

During 2018, Peoples State Bank's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 246 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	178	$25,990,000	$146,011	$1,790	4.69%
$100,000 or less	112	$7,290,000	$65,089	$1,656	5.04%
$200k-400k	102	$27,240,000	$267,059	$1,651	4.63%
$400k-600k	13	$5,865,000	$451,154	$1,644	4.81%
$1MM+	3	$5,445,000	$1,815,000	$4,025	5.04%
$600k-1MM	3	$2,045,000	$681,667	$1,433	4.60%

2018 saw Peoples State Bank place emphasis on $100k-200k loans with 178 originations, totaling $25,990,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	88	$10,520,000	$119,545	$1,781	4.68%
$100k-150k	82	$15,480,000	$188,780	$1,548	4.73%
$50k-75k	68	$9,160,000	$134,706	$1,706	4.69%
$75k-100k	62	$10,810,000	$174,355	$1,851	4.73%
$150k-250k	47	$11,275,000	$239,894	$1,725	4.65%
$250k+	21	$6,835,000	$325,476	$1,933	4.44%

Peoples State Bank lent most frequently to those with incomes in the $50k or less range, with 88 originations. The second most popular income band? $100k-150k, with 82 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	105	$20,155,000	$191,952	$1,675	4.49%
30-36%	66	$11,700,000	$177,273	$1,851	4.74%
<20%	39	$5,525,000	$141,667	$1,772	4.42%
50-60%	19	$3,045,000	$160,263	$1,890	4.88%
>60%	17	$3,855,000	$226,765	$1,694	4.93%
41%	15	$2,445,000	$163,000	$1,815	4.57%
37%	12	$2,140,000	$178,333	$1,818	4.65%
42%	12	$2,410,000	$200,833	$1,307	4.94%
38%	11	$1,995,000	$181,364	$1,762	4.64%
47%	10	$1,770,000	$177,000	$1,561	4.94%
36%	9	$1,215,000	$135,000	$1,650	4.56%
45%	9	$1,425,000	$158,333	$1,835	4.76%
48%	5	$955,000	$191,000	$1,403	4.70%
46%	5	$1,245,000	$249,000	$1,923	4.78%
40%	5	$955,000	$191,000	$1,123	4.43%
44%	5	$665,000	$133,000	$1,892	4.60%
39%	5	$775,000	$155,000	$1,516	4.75%
43%	4	$440,000	$110,000	$1,460	5.41%
49%	3	$605,000	$201,667	$1,643	4.88%

Peoples State Bank lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 66 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	340	$59,830,000	$175,971	$1,700	4.68%
Not applicable	35	$8,445,000	$241,286	$0	5.70%
Not provided	24	$3,990,000	$166,250	$1,971	4.79%
Asian	9	$1,155,000	$128,333	$1,802	4.72%
Black	2	$340,000	$170,000	$1,871	4.50%
Vietnamese	1	$115,000	$115,000	$1,618	5.25%

Approval Rates

Total approvals of all applications
93.94%

Peoples State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
91.24%

Peoples State Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	411	$73,875,000	$179,745

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	5	$5,055,000	$1,011,000
Single Family (1-4 Units):Manufactured	9	$815,000	$90,556
Single Family (1-4 Units):Site-Built	397	$68,005,000	$171,297

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	20	$1,980,000	$99,000	$1,277	4.94%
40-60%	59	$12,715,000	$215,508	$1,627	4.61%
60-80%	148	$26,090,000	$176,284	$1,712	4.71%
80-100%	166	$29,720,000	$179,036	$1,849	4.78%
Over 100%	8	$2,800,000	$350,000	$1,214	5.68%
Under 20%	10	$570,000	$57,000	$638	5.71%

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)
Peoples State Bank	1011 East Wall Street Eagle River, WI 54521	Full Service B&M	$35,569
Peoples State Bank	1201 Sixth Street Wausau, WI 54403	Full Service B&M	$43,008
Peoples State Bank	1255 Lincoln Street Rhinelander, WI 54501	Full Service B&M	$31,898
Peoples State Bank	1905 West Stewart Avenue Wausau, WI 54401	Full Service B&M	$326,011
Peoples State Bank	2904 Rib Mountain Drive Wausau, WI 54401	Full Service B&M	$37,320
Peoples State Bank	314 Main Street Marathon, WI 54448	Full Service B&M	$91,868
Peoples State Bank	7205 Stone Ridge Drive Weston, WI 54476	Full Service B&M	$40,440
Peoples State Bank	8 East Anderson Street Rhinelander, WI 54501	Full Service B&M	$70,468
Peoples State Bank	9560 Highway 70 West Minocqua, WI 54548	Full Service B&M	$36,346

For 2018, Peoples State Bank had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$35,632
Net interest income	$29,701
Total noninterest income	$6,539
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,611
Trading account gains and fees	$0
Additional Noninterest Income	$4,928
Pre-tax net operating income	$14,048
Securities gains (or losses, -)	$0
Income before extraordinary items	$10,740
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,740
Minority interest net income	$0
Net income	$10,740
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,740

Peoples State Bank's gross interest income from loans was $35,632,000.
Peoples State Bank's net interest income from loans was $29,701,000.
Peoples State Bank's fee based income from loans was $1,611,000.
Peoples State Bank's net income from loans was $10,740,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,931
Provision for credit losses	$130
Total noninterest expense	$22,062
Salaries and employee benefits	$13,625
Premises and equipment expense	$2,111
Additional noninterest expense	$6,326
Applicable income taxes	$3,308
Net charge-offs	$296
Cash dividends	$3,600

Peoples State Bank's interest expense for loans was $5,931,000.
Peoples State Bank's payroll and benefits expense were $13,625,000.
Peoples State Bank's property, plant and equipment expenses $2,111,000.

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	1.0%
HELOC loans	2.0%
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	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$729,771
Deposits held in domestic offices	$729,771
Deposits by Individuals, partnerships, and corporations	$669,965
Deposits by U.S. Government	$202
Deposits by States and political subdivisions in the U.S.	$56,562
Deposits by Commercial banks and other depository institutions in U.S.	$3,042
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$59,773
Demand deposits	$33,431
Nontransaction accounts	$669,998
Money market deposit accounts (MMDAs)	$148,615
Other savings deposits (excluding MMDAs)	$344,325
Total time deposits	$177,058
Total time and savings deposits	$696,340
Noninterest-bearing deposits	$149,240
Interest-bearing deposits	$580,531
Retail deposits	$654,780
IRAs and Keogh plan accounts	$27,209
Brokered deposits	$52,860
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$915,938
Cash & Balances due from depository institutions	$45,349
Interest-bearing balances	$25,869
Total securities	$168,440
Federal funds sold & reverse repurchase	$4,645
Net loans and leases	$658,839
Loan and leases loss allowance	$6,232
Trading account assets	$0
Bank premises and fixed assets	$9,892
Other real estate owned	$113
Goodwill and other intangibles	$1,939
All other assets	$26,721

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$915,938
Total Liabilities	$827,870
Total deposits	$729,771
Interest-bearing deposits	$580,531
Deposits held in domestic offices	$729,771
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$8,379
Trading liabilities	$0
Other borrowed funds	$81,071
Subordinated debt	$0
All other liabilities	$8,649

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$658,839
Loan and leases loss allowance	$6,232
Total loans and leases (domestic)	$665,071
All real estate loans	$536,287
Real estate loans in domestic offices	$536,287
Construction and development loans	$59,793
Residential 1-4 family construction	$16,409
Other construction, all land development and other land	$43,384
Loans secured by nonfarm nonresidential properties	$266,064
Nonfarm nonresidential secured by owner-occupied properties	$163,334
Commercial real estate & other non-farm, non-residential	$102,730
Multifamily residential real estate	$18,042
1-4 family residential loans	$176,954
Farmland loans	$15,434
Loans held in foreign offices	$0
Farm loans	$1,504
Commercial and industrial loans	$109,491
To non-U.S. addressees	$0
Loans to individuals	$3,270
Credit card loans	$0
Related Plans	$460
Consumer Auto Loans	$1,231
Other loans to individuals	$1,579
All other loans & leases	$14,519
Loans to foreign governments and official institutions	$0
Other loans	$7,934
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	$2,284
Non 1-4 family restructured loans & leases	$1,793
Total loans and leases (foreign)	$0

Peoples State Bank had $658,839,000 of loans outstanding in 2018. $536,287,000 of loans were in real estate loans. $59,793,000 of loans were in development loans. $18,042,000 of loans were in multifamily mortgage loans. $176,954,000 of loans were in 1-4 family mortgage loans. $1,504,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,231,000 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	400	$90,943	$227,358
Nonfarm, nonresidential loans - <$100k	88	$3,745	$42,557
Nonfarm, nonresidential loans - $100-250k	132	$16,257	$123,159
Nonfarm, nonresidential loans - $250k-1MM	180	$70,941	$394,117
Commercial & Industrial, US addressed loans - <$1MM	394	$32,334	$82,066
Commercial & Industrial, US addressed loans - <$100k	228	$3,240	$14,211
Commercial & Industrial, US addressed loans - $100-250k	73	$6,445	$88,288
Commercial & Industrial, US addressed loans - $250k-1MM	93	$22,649	$243,538
Farmland loans - <$1MM	199	$11,239	$56,477
Farmland loans - <$100k	157	$4,775	$30,414
Farmland loans - $100-250k	32	$3,875	$121,094
Farmland loans - $250k-1MM	10	$2,589	$258,900
Agriculture operations loans - <$1MM	25	$1,504	$60,160
Agriculture operations loans - <$100k	18	$557	$30,944
Agriculture operations loans - $100-250k	5	$514	$102,800
Agriculture operations loans - $250k-1MM	2	$433	$216,500