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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Peoples State Bank is a smaller bank specializing in Home Purchase and Refi 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, Green Bay, Minneapolis, Milwaukee, and Stevens Point among others. We have data for 23 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 a below 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 12/16/24
    30 Year Conventional Refi 6.29% 12/16/24
    30 Year Cash-out Refi 6.42% 12/16/24
    30 Year FHA Purchase 6.59% 12/16/24
    30 Year USDA Purchase 6.61% 12/16/24
    15 Year Conventional Purchase 6.35% 12/16/24
    15 Year Conventional Refi 5.86% 12/16/24
    15 Year Cash-out Refi 5.86% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    617

    Origination Dollar Volume (All Markets)

    $143,135,000

    Employee count

    168 Show all (7) 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 276 $51,220,000 $185,580 $1,755 4.14%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 265 $50,885,000 $192,019 $1,726 4.12%
    GREEN BAY, WI (FHA|USDA|VA) 4 $13,310,000 $3,327,500 $2,183 4.36%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $9,885,000 $3,295,000 $2,676 3.95%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 27 $8,185,000 $303,148 $1,967 4.48%
    Stevens Point, WI (FHA|USDA|VA) 12 $2,650,000 $220,833 $1,849 3.93%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,620,000 $810,000 $5,706 3.87%
    MADISON, WI (FHA|USDA|VA) 4 $1,480,000 $370,000 $2,298 4.33%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $1,115,000 $223,000 $1,920 4.08%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $500,000 $250,000 $2,432 5.16%
    RACINE, WI (FHA|USDA|VA) 2 $400,000 $200,000 $2,471 5.19%
    Beaver Dam, WI (FHA|USDA|VA) 1 $285,000 $285,000 $2,481 4.38%
    Shawano, WI (FHA|USDA|VA) 3 $265,000 $88,333 $1,676 4.83%
    Whitewater, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,423 4.50%
    Branson, MO (FHA|USDA|VA) 1 $185,000 $185,000 $1,790 3.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $2,574 3.75%
    APPLETON, WI (FHA|USDA|VA) 2 $160,000 $80,000 $1,464 3.06%
    ROCKFORD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,468 4.25%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,734 4.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,657 4.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,955 3.63%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,724 4.25%
    Houghton, MI (FHA|USDA|VA) 1 $45,000 $45,000 $1,741 4.25%
    Peoples State Bank's top markets include Wausau, Green Bay, Minneapolis, Milwaukee, and Stevens Point among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Peoples State Bank 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 604 $141,420,000 $234,139 $1,744 4.16%
    USDA 13 $1,715,000 $131,923 $3,383 3.59%

    For 2019, Peoples State Bank's most frequently originated type of loan was Conventional, with 604 originations. Their 2nd most popular type was USDA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 391 $84,695,000 $216,611 $1,988 4.26%
    Refi 132 $29,270,000 $221,742 $1,365 3.80%
    Cash Out Refi 85 $28,045,000 $329,941 $1,571 4.13%
    Other 7 $955,000 $136,429 $1,457 4.50%
    Home Improvement 2 $170,000 $85,000 $1,734 4.75%

    For 2019, Peoples State Bank's most frequently cited loan purpose was Home Purchase, with 391 originations. The 2nd most popular reason was Refi, with 132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 368 $75,900,000 $206,250 $1,862 4.13%
    15 Year 118 $22,090,000 $187,203 $1,594 3.63%
    5 Year 51 $7,655,000 $150,098 $0 5.28%
    20 Year 35 $19,625,000 $560,714 $1,768 4.07%
    10 Year 21 $12,915,000 $615,000 $1,469 3.59%
    Other 20 $4,340,000 $217,000 $0 5.07%
    3 Year 4 $610,000 $152,500 $0 5.46%

    For 2019, Peoples State Bank's most frequently cited loan duration was 30 Year, with 368 originations. The 2nd most popular length was 15 Year, with 118 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 522 $105,620,000 $202,337
    $1k-2k 1 $195,000 $195,000

    Peoples State Bank's average total fees were $1,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 522 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 306 $62,930,000 $205,654
    4-5% 210 $64,820,000 $308,667
    5-6% 68 $10,670,000 $156,912
    2.5-3% 22 $3,670,000 $166,818
    6-7% 11 $1,045,000 $95,000

    During 2019, Peoples State Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 306 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 273 $40,685,000 $149,029 $1,781 4.03%
    $200k-400k 164 $44,280,000 $270,000 $1,828 4.12%
    $100,000 or less 130 $8,480,000 $65,231 $1,649 4.47%
    $400k-600k 32 $14,680,000 $458,750 $1,699 3.96%
    $600k-1MM 13 $9,825,000 $755,769 $2,114 4.41%
    $1MM+ 5 $25,185,000 $5,037,000 $3,937 3.98%

    2019 saw Peoples State Bank place emphasis on $100k-200k loans with 273 originations, totaling $40,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 112 $19,040,000 $170,000 $1,723 4.09%
    $50k-75k 111 $16,225,000 $146,171 $1,937 4.02%
    $100k-150k 104 $22,150,000 $212,981 $1,795 4.07%
    $50k or less 89 $9,665,000 $108,596 $1,713 4.18%
    $150k-250k 81 $21,645,000 $267,222 $1,740 4.00%
    $250k+ 48 $18,470,000 $384,792 $1,872 4.00%

    Peoples State Bank lent most frequently to those with incomes in the $75k-100k range, with 112 originations. The second most popular income band? $50k-75k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 153 $31,755,000 $207,549 $1,742 3.91%
    30-36% 108 $19,120,000 $177,037 $1,772 3.98%
    <20% 60 $12,500,000 $208,333 $1,889 3.77%
    36% 20 $4,000,000 $200,000 $1,767 4.19%
    >60% 19 $4,755,000 $250,263 $1,856 4.61%
    38% 19 $3,855,000 $202,895 $1,598 4.16%
    41% 19 $4,195,000 $220,789 $1,819 4.20%
    39% 17 $3,475,000 $204,412 $1,602 3.80%
    50-60% 17 $4,655,000 $273,824 $2,022 4.20%
    37% 16 $2,900,000 $181,250 $1,539 4.23%
    42% 14 $2,320,000 $165,714 $1,894 3.97%
    44% 13 $2,035,000 $156,538 $1,860 3.87%
    48% 12 $2,220,000 $185,000 $1,623 3.72%
    40% 11 $1,985,000 $180,455 $2,298 3.92%
    46% 9 $1,885,000 $209,444 $1,692 4.19%
    49% 9 $1,585,000 $176,111 $1,791 4.25%
    45% 9 $1,445,000 $160,556 $1,715 4.07%
    47% 7 $1,655,000 $236,429 $2,250 4.21%
    43% 5 $995,000 $199,000 $1,613 3.75%

    Peoples State Bank lent most frequently to those with DTI ratios of 20-30%, with 153 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 509 $100,275,000 $197,004 $1,778 4.05%
    Not applicable 55 $32,965,000 $599,364 $0 5.09%
    Not provided 36 $7,290,000 $202,500 $1,869 4.22%
    Asian 10 $1,730,000 $173,000 $1,781 3.64%
    Asian Indian 2 $330,000 $165,000 $1,360 5.19%
    Black 3 $285,000 $95,000 $1,912 4.54%
    American Indian 2 $260,000 $130,000 $2,242 3.44%

    Approval Rates

    Total approvals of all applications
    95.73%

    Peoples State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.14%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 617 $143,135,000 $231,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $300,000 $150,000
    Multifamily:Site-Built 14 $26,840,000 $1,917,143
    Single Family (1-4 Units):Manufactured 13 $945,000 $72,692
    Single Family (1-4 Units):Site-Built 588 $115,050,000 $195,663

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,625,000 $90,517 $1,473 4.24%
    40-60% 107 $18,355,000 $171,542 $1,615 3.86%
    60-80% 253 $65,245,000 $257,885 $1,687 4.21%
    80-100% 211 $55,025,000 $260,782 $2,052 4.15%
    Over 100% 2 $360,000 $180,000 $1,486 5.06%
    Under 20% 14 $1,300,000 $92,857 $814 4.67%

    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)
    Peoples State Bank 1011 East Wall Street Eagle River, WI 54521 Full Service B&M $33,388
    Peoples State Bank 1201 Sixth Street Wausau, WI 54403 Full Service B&M $46,171
    Peoples State Bank 1255 Lincoln Street Rhinelander, WI 54501 Full Service B&M $30,815
    Peoples State Bank 1905 West Stewart Avenue Wausau, WI 54401 Full Service B&M $320,277
    Peoples State Bank 2904 Rib Mountain Drive Wausau, WI 54401 Full Service B&M $44,647
    Peoples State Bank 314 Main Street Marathon, WI 54448 Full Service B&M $96,553
    Peoples State Bank 7205 Stone Ridge Drive Weston, WI 54476 Full Service B&M $45,126
    Peoples State Bank 8 East Anderson Street Rhinelander, WI 54501 Full Service B&M $65,743
    Peoples State Bank 9560 Highway 70 West Minocqua, WI 54548 Full Service B&M $36,699

    For 2019, Peoples State Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,157
    Net interest income $32,374
    Total noninterest income $6,856
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,551
    Trading account gains and fees $0
    Additional Noninterest Income $5,305
    Pre-tax net operating income $15,360
    Securities gains (or losses, -) $210
    Income before extraordinary items $11,811
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,811
    Minority interest net income $0
    Net income $11,811
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,645

    Peoples State Bank's gross interest income from loans was $40,157,000.
    Peoples State Bank's net interest income from loans was $32,374,000.
    Peoples State Bank's fee based income from loans was $1,551,000.
    Peoples State Bank's net income from loans was $11,811,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,783
    Provision for credit losses $850
    Total noninterest expense $23,020
    Salaries and employee benefits $14,337
    Premises and equipment expense $2,204
    Additional noninterest expense $6,479
    Applicable income taxes $3,759
    Net charge-offs $143
    Cash dividends $5,100

    Peoples State Bank's interest expense for loans was $7,783,000.
    Peoples State Bank's payroll and benefits expense were $14,337,000.
    Peoples State Bank's property, plant and equipment expenses $2,204,000.

    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 $786,982
    Deposits held in domestic offices $786,982
    Deposits by Individuals, partnerships, and corporations $722,295
    Deposits by U.S. Government $251
    Deposits by States and political subdivisions in the U.S. $59,673
    Deposits by Commercial banks and other depository institutions in U.S. $4,763
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,702
    Demand deposits $22,823
    Nontransaction accounts $739,280
    Money market deposit accounts (MMDAs) $188,302
    Other savings deposits (excluding MMDAs) $387,047
    Total time deposits $163,930
    Total time and savings deposits $764,159
    Noninterest-bearing deposits $177,262
    Interest-bearing deposits $609,720
    Retail deposits $732,963
    IRAs and Keogh plan accounts $26,592
    Brokered deposits $28,589
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $973,957
    Cash & Balances due from depository institutions $54,998
    Interest-bearing balances $31,881
    Total securities $171,446
    Federal funds sold & reverse repurchase $34
    Net loans and leases $708,196
    Loan and leases loss allowance $6,939
    Trading account assets $0
    Bank premises and fixed assets $10,271
    Other real estate owned $460
    Goodwill and other intangibles $1,871
    All other assets $26,681

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $973,957
    Total Liabilities $875,808
    Total deposits $786,982
    Interest-bearing deposits $609,720
    Deposits held in domestic offices $786,982
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $6,131
    Trading liabilities $0
    Other borrowed funds $73,496
    Subordinated debt $0
    All other liabilities $9,199

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $708,196
    Loan and leases loss allowance $6,939
    Total loans and leases (domestic) $715,135
    All real estate loans $591,393
    Real estate loans in domestic offices $591,393
    Construction and development loans $58,247
    Residential 1-4 family construction $18,451
    Other construction, all land development and other land $39,796
    Loans secured by nonfarm nonresidential properties $299,376
    Nonfarm nonresidential secured by owner-occupied properties $174,350
    Commercial real estate & other non-farm, non-residential $125,026
    Multifamily residential real estate $33,298
    1-4 family residential loans $181,710
    Farmland loans $18,762
    Loans held in foreign offices $0
    Farm loans $1,273
    Commercial and industrial loans $101,600
    To non-U.S. addressees $0
    Loans to individuals $5,027
    Credit card loans $0
    Related Plans $1,554
    Consumer Auto Loans $1,685
    Other loans to individuals $1,788
    All other loans & leases $15,842
    Loans to foreign governments and official institutions $0
    Other loans $9,410
    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 $677
    Non 1-4 family restructured loans & leases $475
    Total loans and leases (foreign) $0

    Peoples State Bank had $708,196,000 of loans outstanding in 2019. $591,393,000 of loans were in real estate loans. $58,247,000 of loans were in development loans. $33,298,000 of loans were in multifamily mortgage loans. $181,710,000 of loans were in 1-4 family mortgage loans. $1,273,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,685,000 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 415 $93,121 $224,388
    Nonfarm, nonresidential loans - <$100k 95 $3,959 $41,674
    Nonfarm, nonresidential loans - $100-250k 130 $15,791 $121,469
    Nonfarm, nonresidential loans - $250k-1MM 190 $73,371 $386,163
    Commercial & Industrial, US addressed loans - <$1MM 414 $36,714 $88,681
    Commercial & Industrial, US addressed loans - <$100k 227 $4,964 $21,868
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,401 $95,466
    Commercial & Industrial, US addressed loans - $250k-1MM 99 $23,349 $235,848
    Farmland loans - <$1MM 191 $11,656 $61,026
    Farmland loans - <$100k 145 $4,543 $31,331
    Farmland loans - $100-250k 36 $4,215 $117,083
    Farmland loans - $250k-1MM 10 $2,898 $289,800
    Agriculture operations loans - <$1MM 21 $1,273 $60,619
    Agriculture operations loans - <$100k 15 $387 $25,800
    Agriculture operations loans - $100-250k 4 $255 $63,750
    Agriculture operations loans - $250k-1MM 2 $631 $315,500