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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    • 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 Refi and 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, Milwaukee, Stevens Point, Madison, and Minneapolis among others. We have data for 24 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.

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    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






    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

    1,320

    Origination Dollar Volume (All Markets)

    $280,840,000

    Employee count

    170 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 597 $119,705,000 $200,511 $1,654 3.09%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 569 $117,495,000 $206,494 $1,641 3.02%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 64 $18,790,000 $293,594 $1,881 3.71%
    Stevens Point, WI (FHA|USDA|VA) 35 $10,945,000 $312,714 $1,644 3.14%
    MADISON, WI (FHA|USDA|VA) 7 $3,265,000 $466,429 $1,581 3.29%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $2,225,000 $317,857 $2,366 2.80%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 8 $1,540,000 $192,500 $1,694 2.91%
    Whitewater, WI (FHA|USDA|VA) 4 $1,350,000 $337,500 $1,988 3.65%
    APPLETON, WI (FHA|USDA|VA) 3 $885,000 $295,000 $1,343 2.54%
    RACINE, WI (FHA|USDA|VA) 2 $830,000 $415,000 $3,183 3.91%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $750,000 $187,500 $1,501 3.22%
    GREEN BAY, WI (FHA|USDA|VA) 4 $570,000 $142,500 $1,301 3.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $550,000 $275,000 $1,342 2.81%
    Marinette, WI-MI (FHA|USDA|VA) 3 $315,000 $105,000 $2,025 3.67%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $305,000 $305,000 $2,602 3.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $285,000 $285,000 $1,741 3.13%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $250,000 $125,000 $1,578 3.13%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $2,819 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,586 2.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $115,000 $115,000 $1,874 3.13%
    Shawano, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,161 2.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.00%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,062 3.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,111 3.50%
    Peoples State Bank's top markets include Wausau, Milwaukee, Stevens Point, Madison, and Minneapolis among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (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.

    Brokaw Credit Union
    Similarity Rank: 35
    Hometown Bank
    Similarity Rank: 144
    The Greenwood's State Bank
    Similarity Rank: 432
    Empower Credit Union
    Similarity Rank: 459
    IncredibleBank
    Similarity Rank: 469
    mBank
    Similarity Rank: 517
    Horicon Bank
    Similarity Rank: 540
    Prevail Bank
    Similarity Rank: 612
    Westbury Bank
    Similarity Rank: 612
    Bremer Bank
    Similarity Rank: 880

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,310 $279,610,000 $213,443 $1,646 3.10%
    USDA 10 $1,230,000 $123,000 $3,482 3.01%

    For 2020, Peoples State Bank's most frequently originated type of loan was Conventional, with 1,310 originations. Their 2nd most popular type was USDA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 611 $129,575,000 $212,070 $1,404 2.98%
    Home Purchase 434 $101,310,000 $233,433 $2,088 3.35%
    Cash Out Refi 256 $47,950,000 $187,305 $1,597 2.91%
    Other 14 $1,610,000 $115,000 $1,356 3.46%
    Home Improvement 5 $395,000 $79,000 $1,664 3.37%

    For 2020, Peoples State Bank's most frequently cited loan purpose was Refi, with 611 originations. The 2nd most popular reason was Home Purchase, with 434 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 690 $146,740,000 $212,667 $1,792 3.22%
    15 Year 390 $76,260,000 $195,538 $1,512 2.66%
    20 Year 99 $21,235,000 $214,495 $1,475 3.07%
    5 Year 64 $18,230,000 $284,844 $0 4.41%
    10 Year 57 $11,195,000 $196,404 $1,420 2.73%
    Other 16 $6,670,000 $416,875 $1,231 4.55%
    1 Year 4 $510,000 $127,500 $0 4.50%

    For 2020, Peoples State Bank's most frequently cited loan duration was 30 Year, with 690 originations. The 2nd most popular length was 15 Year, with 390 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,191 $241,085,000 $202,422

    Peoples State Bank's average total fees were $1,792, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,191 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 549 $116,515,000 $212,231
    3-4% 380 $87,260,000 $229,632
    <2.5% 287 $49,955,000 $174,059
    4-5% 92 $20,140,000 $218,913
    5-6% 10 $2,630,000 $263,000
    6-7% 1 $145,000 $145,000

    During 2020, Peoples State Bank's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 549 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 591 $87,255,000 $147,640 $1,633 3.03%
    $200k-400k 407 $109,675,000 $269,472 $1,699 3.07%
    $100,000 or less 219 $15,435,000 $70,479 $1,582 3.22%
    $400k-600k 67 $30,475,000 $454,851 $1,695 3.19%
    $600k-1MM 26 $19,560,000 $752,308 $2,105 3.65%
    $1MM+ 10 $18,440,000 $1,844,000 $3,506 3.50%

    2020 saw Peoples State Bank place emphasis on $100k-200k loans with 591 originations, totaling $87,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 298 $61,300,000 $205,705 $1,603 2.99%
    $50k-75k 251 $37,755,000 $150,418 $1,666 3.02%
    $75k-100k 197 $32,315,000 $164,036 $1,664 2.95%
    $150k-250k 187 $48,405,000 $258,850 $1,615 2.98%
    $50k or less 153 $18,375,000 $120,098 $1,769 3.19%
    $250k+ 117 $43,165,000 $368,932 $1,782 3.03%

    Peoples State Bank lent most frequently to those with incomes in the $100k-150k range, with 298 originations. The second most popular income band? $50k-75k, with 251 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 397 $73,615,000 $185,428 $1,628 2.95%
    <20% 254 $52,780,000 $207,795 $1,583 2.89%
    30-36% 203 $43,625,000 $214,901 $1,699 3.03%
    38% 44 $9,120,000 $207,273 $1,733 2.99%
    39% 34 $6,740,000 $198,235 $1,693 3.06%
    36% 31 $5,885,000 $189,839 $1,903 2.94%
    40% 30 $5,320,000 $177,333 $1,673 3.00%
    42% 29 $5,645,000 $194,655 $1,752 3.18%
    44% 25 $4,465,000 $178,600 $1,825 3.08%
    37% 22 $4,240,000 $192,727 $1,707 3.02%
    50-60% 21 $4,325,000 $205,952 $1,821 3.48%
    47% 20 $5,910,000 $295,500 $1,753 3.33%
    43% 20 $5,150,000 $257,500 $1,883 3.14%
    >60% 19 $4,035,000 $212,368 $1,631 3.25%
    46% 19 $4,275,000 $225,000 $1,719 3.09%
    41% 19 $3,405,000 $179,211 $1,603 2.93%
    48% 15 $2,805,000 $187,000 $1,496 3.05%
    45% 13 $2,085,000 $160,385 $1,747 3.05%
    49% 10 $1,570,000 $157,000 $1,503 3.20%

    Peoples State Bank lent most frequently to those with DTI ratios of 20-30%, with 397 originations. The next most common DTI ratio? <20%, with 254 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,083 $215,425,000 $198,915 $1,655 3.01%
    Not applicable 81 $33,425,000 $412,654 $0 4.34%
    Not provided 131 $27,935,000 $213,244 $1,676 3.02%
    Asian 19 $3,225,000 $169,737 $1,898 2.98%
    Black 3 $335,000 $111,667 $1,576 3.88%
    American Indian 2 $300,000 $150,000 $1,455 2.75%
    Other Pacific Islander 1 $195,000 $195,000 $2,254 2.75%

    Approval Rates

    Total approvals of all applications
    96.40%

    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
    93.18%

    Peoples State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,320 $280,840,000 $212,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $225,000 $225,000
    Multifamily:Site-Built 32 $23,510,000 $734,688
    Single Family (1-4 Units):Manufactured 14 $1,490,000 $106,429
    Single Family (1-4 Units):Site-Built 1,273 $255,615,000 $200,797

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 80 $8,680,000 $108,500 $1,516 2.82%
    40-60% 253 $48,715,000 $192,549 $1,462 2.93%
    60-80% 652 $148,150,000 $227,224 $1,578 3.13%
    80-100% 320 $72,200,000 $225,625 $2,021 3.18%
    Over 100% 4 $2,270,000 $567,500 $0 4.63%
    Under 20% 11 $825,000 $75,000 $1,041 3.95%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 5.6%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 4 22.2%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 6 33.3%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 5.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Peoples State Bank 1011 East Wall Street, Suite B Eagle River, WI 54521 Full Service B&M $45,958
    Peoples State Bank 10725 West National Avenue West Allis, WI 53227 Full Service B&M $11,737
    Peoples State Bank 1201 Sixth Street Wausau, WI 54403 Full Service B&M $51,390
    Peoples State Bank 1905 Stewart Avenue Wausau, WI 54401 Full Service B&M $402,967
    Peoples State Bank 227212 Rib Mountain Drive Wausau, WI 54401 Full Service B&M $46,732
    Peoples State Bank 314 Main Street Marathon, WI 54448 Full Service B&M $106,543
    Peoples State Bank 7205 Stone Ridge Drive Weston, WI 54476 Full Service B&M $66,676
    Peoples State Bank 8 East Anderson Street Rhinelander, WI 54501 Full Service B&M $110,898
    Peoples State Bank 9560 Highway 70 West Minocqua, WI 54548 Full Service B&M $44,189

    For 2020, Peoples State Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,239
    Net interest income $33,971
    Total noninterest income $11,136
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,372
    Trading account gains and fees $0
    Additional Noninterest Income $9,764
    Pre-tax net operating income $14,373
    Securities gains (or losses, -) $504
    Income before extraordinary items $11,348
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,348
    Minority interest net income $0
    Net income $11,348
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,949

    Peoples State Bank's gross interest income from loans was $39,239,000.
    Peoples State Bank's net interest income from loans was $33,971,000.
    Peoples State Bank's fee based income from loans was $1,372,000.
    Peoples State Bank's net income from loans was $11,348,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,268
    Provision for credit losses $5,575
    Total noninterest expense $25,159
    Salaries and employee benefits $15,640
    Premises and equipment expense $2,127
    Additional noninterest expense $7,392
    Applicable income taxes $3,529
    Net charge-offs $1,679
    Cash dividends $4,000

    Peoples State Bank's interest expense for loans was $5,268,000.
    Peoples State Bank's payroll and benefits expense were $15,640,000.
    Peoples State Bank's property, plant and equipment expenses $2,127,000.

    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 $938,158
    Deposits held in domestic offices $938,158
    Deposits by Individuals, partnerships, and corporations $822,572
    Deposits by U.S. Government $5,128
    Deposits by States and political subdivisions in the U.S. $97,897
    Deposits by Commercial banks and other depository institutions in U.S. $12,561
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $80,357
    Demand deposits $31,720
    Nontransaction accounts $857,801
    Money market deposit accounts (MMDAs) $227,901
    Other savings deposits (excluding MMDAs) $489,552
    Total time deposits $140,348
    Total time and savings deposits $906,438
    Noninterest-bearing deposits $237,258
    Interest-bearing deposits $700,900
    Retail deposits $913,052
    IRAs and Keogh plan accounts $26,821
    Brokered deposits $18,771
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,130,783
    Cash & Balances due from depository institutions $37,954
    Interest-bearing balances $22,066
    Total securities $226,709
    Federal funds sold & reverse repurchase $1,189
    Net loans and leases $821,909
    Loan and leases loss allowance $10,835
    Trading account assets $0
    Bank premises and fixed assets $10,803
    Other real estate owned $1,619
    Goodwill and other intangibles $1,772
    All other assets $28,828

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,130,783
    Total Liabilities $1,021,835
    Total deposits $938,158
    Interest-bearing deposits $700,900
    Deposits held in domestic offices $938,158
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $12,239
    Trading liabilities $0
    Other borrowed funds $62,000
    Subordinated debt $0
    All other liabilities $9,438

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $821,909
    Loan and leases loss allowance $10,835
    Total loans and leases (domestic) $832,744
    All real estate loans $635,999
    Real estate loans in domestic offices $635,999
    Construction and development loans $71,701
    Residential 1-4 family construction $19,841
    Other construction, all land development and other land $51,860
    Loans secured by nonfarm nonresidential properties $324,301
    Nonfarm nonresidential secured by owner-occupied properties $193,228
    Commercial real estate & other non-farm, non-residential $131,073
    Multifamily residential real estate $46,641
    1-4 family residential loans $178,036
    Farmland loans $15,320
    Loans held in foreign offices $0
    Farm loans $1,986
    Commercial and industrial loans $168,884
    To non-U.S. addressees $0
    Loans to individuals $3,896
    Credit card loans $0
    Related Plans $502
    Consumer Auto Loans $1,746
    Other loans to individuals $1,648
    All other loans & leases $21,979
    Loans to foreign governments and official institutions $0
    Other loans $10,557
    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 $5,414
    Non 1-4 family restructured loans & leases $5,244
    Total loans and leases (foreign) $0

    Peoples State Bank had $821,909,000 of loans outstanding in 2020. $635,999,000 of loans were in real estate loans. $71,701,000 of loans were in development loans. $46,641,000 of loans were in multifamily mortgage loans. $178,036,000 of loans were in 1-4 family mortgage loans. $1,986,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,746,000 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 413 $91,425 $221,368
    Nonfarm, nonresidential loans - <$100k 94 $3,665 $38,989
    Nonfarm, nonresidential loans - $100-250k 128 $15,731 $122,898
    Nonfarm, nonresidential loans - $250k-1MM 191 $72,029 $377,115
    Commercial & Industrial, US addressed loans - <$1MM 933 $80,680 $86,474
    Commercial & Industrial, US addressed loans - <$100k 618 $17,830 $28,851
    Commercial & Industrial, US addressed loans - $100-250k 170 $20,367 $119,806
    Commercial & Industrial, US addressed loans - $250k-1MM 145 $42,483 $292,986
    Farmland loans - <$1MM 183 $12,084 $66,033
    Farmland loans - <$100k 135 $4,519 $33,474
    Farmland loans - $100-250k 40 $5,093 $127,325
    Farmland loans - $250k-1MM 8 $2,472 $309,000
    Agriculture operations loans - <$1MM 20 $934 $46,700
    Agriculture operations loans - <$100k 15 $263 $17,533
    Agriculture operations loans - $100-250k 3 $151 $50,333
    Agriculture operations loans - $250k-1MM 2 $520 $260,000