Peoplessouth Bank Mortgage Rates, Fees & Info

Colquitt, GA

LEI: 549300RZCM5T73BZEI76

Tax ID: 58-1171935

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Peoplessouth Bank is a smaller bank specializing in Refi and Home Purchase loans. Peoplessouth Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dothan, Panama City, Tallahassee, Ozark, and Bainbridge among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoplessouth 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.

    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
    Home Equity Line of Credit (HELOC) 6.27% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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.

    Peoplessouth Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Peoplessouth 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

    478

    Origination Dollar Volume (All Markets)

    $42,300,000

    Employee count

    188

    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
    DOTHAN, AL (FHA|USDA|VA) 164 $11,010,000 $67,134 $686 5.87%
    Outside of Metro Areas 110 $9,010,000 $81,909 $1,219 5.88%
    PANAMA CITY, FL (FHA|USDA|VA) 39 $6,455,000 $165,513 $2,456 5.77%
    TALLAHASSEE, FL (FHA|USDA|VA) 18 $4,380,000 $243,333 $1,295 5.73%
    Ozark, AL (FHA|USDA|VA) 51 $3,305,000 $64,804 $920 5.96%
    Bainbridge, GA (FHA|USDA|VA) 18 $1,850,000 $102,778 $0 5.78%
    ALBANY, GA (FHA|USDA|VA) 16 $1,270,000 $79,375 $2,601 5.94%
    Eufaula, AL-GA (FHA|USDA|VA) 21 $1,105,000 $52,619 $1,498 5.99%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,747 5.53%
    Americus, GA (FHA|USDA|VA) 17 $795,000 $46,765 $1,227 6.06%
    Troy, AL (FHA|USDA|VA) 4 $600,000 $150,000 $868 5.51%
    Enterprise, AL (FHA|USDA|VA) 7 $515,000 $73,571 $16 6.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $345,000 $345,000 $8 5.28%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $320,000 $160,000 $1,596 4.99%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.60%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
    VALDOSTA, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
    Fitzgerald, GA (FHA|USDA|VA) 1 $5,000 $5,000 $304 7.07%
    Peoplessouth Bank's top markets include Dothan, Panama City, Tallahassee, Ozark, and Bainbridge among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 459 $41,085,000 $89,510 $1,129 5.86%
    HELOC 17 $1,135,000 $66,765 n/a 6.26%
    FHA 1 $15,000 $15,000 $0 6.75%
    VA 1 $65,000 $65,000 $2,667 5.07%

    For 2018, Peoplessouth Bank's most frequently originated type of loan was Conventional, with 459 originations. Their 2nd most popular type was HELOC, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 211 $15,965,000 $75,664 $624 5.97%
    Home Purchase 168 $20,280,000 $120,714 $1,959 5.81%
    Cash Out Refi 56 $3,820,000 $68,214 $736 5.81%
    Home Improvement 39 $2,115,000 $54,231 $715 5.79%
    Other 4 $120,000 $30,000 $335 5.80%

    For 2018, Peoplessouth Bank's most frequently cited loan purpose was Refi, with 211 originations. The 2nd most popular reason was Home Purchase, with 168 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 220 $18,980,000 $86,273 $1,150 5.74%
    3 Year 131 $8,575,000 $65,458 $1,579 6.08%
    5 Year 58 $3,790,000 $65,345 $982 5.98%
    1 Year 33 $3,555,000 $107,727 $0 5.80%
    15 Year 21 $5,015,000 $238,810 $0 5.99%
    20 Year 14 $2,350,000 $167,857 $0 5.69%
    10 Year 1 $35,000 $35,000 $0 5.50%

    For 2018, Peoplessouth Bank's most frequently cited loan duration was Other, with 220 originations. The 2nd most popular length was 3 Year, with 131 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 142 $11,370,000 $80,070

    Peoplessouth Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 332 $30,400,000 $91,566
    6-7% 98 $7,000,000 $71,429
    7-8% 24 $670,000 $27,917
    4-5% 15 $3,355,000 $223,667
    % 4 $670,000 $167,500
    Over 8% 3 $65,000 $21,667
    3-4% 2 $140,000 $70,000

    During 2018, Peoplessouth Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 332 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 365 $15,685,000 $42,973 $919 5.96%
    $100k-200k 70 $9,320,000 $133,143 $2,009 5.65%
    $200k-400k 29 $7,975,000 $275,000 $1,584 5.63%
    $400k-600k 8 $3,810,000 $476,250 $365 5.38%
    $600k-1MM 5 $3,825,000 $765,000 $0 5.13%
    $1MM+ 1 $1,685,000 $1,685,000 $0 6.25%

    2018 saw Peoplessouth Bank place emphasis on $100,000 or less loans with 365 originations, totaling $15,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 377 $30,245,000 $80,225 $1,165 5.88%

    Peoplessouth Bank lent most frequently to those with incomes in the $50k or less range, with 377 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $7,665,000 $88,103 $1,199 5.78%
    <20% 58 $3,750,000 $64,655 $1,030 5.64%
    30-36% 55 $4,555,000 $82,818 $1,368 5.96%
    50-60% 46 $5,090,000 $110,652 $874 6.05%
    >60% 34 $2,270,000 $66,765 $256 6.23%
    44% 12 $800,000 $66,667 $1,673 6.03%
    43% 10 $800,000 $80,000 $894 5.89%
    38% 10 $490,000 $49,000 $1,262 5.65%
    41% 10 $800,000 $80,000 $1,843 5.74%
    40% 8 $920,000 $115,000 $2,122 5.72%
    36% 7 $475,000 $67,857 $837 5.71%
    37% 7 $235,000 $33,571 $21 6.01%
    39% 6 $270,000 $45,000 $898 6.09%
    46% 6 $200,000 $33,333 $1,241 6.06%
    42% 6 $430,000 $71,667 $713 6.05%
    45% 6 $220,000 $36,667 $160 6.00%
    49% 5 $565,000 $113,000 $2,494 5.64%
    48% 3 $825,000 $275,000 $29 5.42%
    47% 1 $35,000 $35,000 $0 7.00%

    Peoplessouth Bank lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? <20%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 347 $28,305,000 $81,571 $1,135 5.81%
    Not applicable 87 $10,385,000 $119,368 $0 5.84%
    Not provided 2 $1,760,000 $880,000 $0 6.25%
    Black 38 $1,440,000 $37,895 $513 6.61%
    Asian 4 $410,000 $102,500 $3,057 5.58%

    Approval Rates

    Total approvals of all applications
    95.16%

    Peoplessouth 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
    97.28%

    Peoplessouth Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 6 $570,000 $95,000
    NA 472 $41,730,000 $88,411

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $6,160,000 $513,333
    Single Family (1-4 Units):Manufactured 91 $4,155,000 $45,659
    Single Family (1-4 Units):Site-Built 375 $31,985,000 $85,293

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $2,640,000 $42,581 $438 5.94%
    40-60% 108 $6,130,000 $56,759 $1,126 5.95%
    60-80% 186 $20,720,000 $111,398 $1,428 5.81%
    80-100% 80 $9,930,000 $124,125 $1,331 5.70%
    Over 100% 7 $1,755,000 $250,714 $21 6.09%
    Under 20% 30 $620,000 $20,667 $310 6.36%

    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)
    PeoplesSouth Bank 101 Painter Avenue Ozark, AL 36360 Full Service B&M $38,652
    PeoplesSouth Bank 102 N Prince Street Americus, GA 31709 Full Service B&M $15,424
    PeoplesSouth Bank 109 East Church Street Columbia, AL 36319 Full Service B&M $21,780
    PeoplesSouth Bank 118 West Second Street Donalsonville, GA 39845 Full Service B&M $16,042
    PeoplesSouth Bank 1202 Hwy 98 Mexico Beach, FL 32456 Full Service B&M $8,834
    PeoplesSouth Bank 1245 South Eufaula Avenue Eufaula, AL 36027 Full Service B&M $11,891
    PeoplesSouth Bank 1449 Tallahassess Hwy Bainbridge, GA 39817 Full Service B&M $19,746
    PeoplesSouth Bank 1615 Main Street, Highway 77 Chipley, FL 32428 Full Service B&M $31,839
    PeoplesSouth Bank 2020 South Waukesha Street Bonifay, FL 32425 Full Service B&M $18,789
    PeoplesSouth Bank 203 W Crawford Street Colquitt, GA 39837 Full Service B&M $54,216
    PeoplesSouth Bank 20455 Central Avenue West Blountstown, FL 32424 Full Service B&M $75,604
    PeoplesSouth Bank 2260 Hwy 71 Marianna, FL 32448 Full Service B&M $41,282
    PeoplesSouth Bank 2721 Capital Circle Ne Tallahassee, FL 32308 Full Service B&M $21,922
    PeoplesSouth Bank 2861 John D Odom Road Dothan, AL 36303 Full Service B&M $11,509
    PeoplesSouth Bank 2920 Kerry Forest Pkwy Tallahassee, FL 32309 Full Service B&M $11,205
    PeoplesSouth Bank 2926 Ross Clark Circle Dothan, AL 36301 Full Service B&M $15,666
    PeoplesSouth Bank 3605 E. Main Street Dothan, AL 36301 Full Service B&M $15,064
    PeoplesSouth Bank 400 West 23rd Street Panama City, FL 32405 Full Service B&M $24,961
    PeoplesSouth Bank 414 Broadway Ashford, AL 36312 Full Service B&M $19,690
    PeoplesSouth Bank 4192 Bryan St. Greenwood, FL 32443 Full Service B&M $14,118
    PeoplesSouth Bank 519 Kirkland Street Abbeville, AL 36310 Full Service B&M $26,391
    PeoplesSouth Bank 529 Cecil G. Costin Sr. Blvd Port Saint Joe, FL 32456 Full Service B&M $24,735
    PeoplesSouth Bank 5408 Tenth Street Malone, FL 32445 Full Service B&M $17,319
    PeoplesSouth Bank 58 Fourth Street Apalachicola, FL 32320 Full Service B&M $38,940
    PeoplesSouth Bank 607 S. Tyndall Pkwy Panama City, FL 32404 Full Service B&M $4,197
    PeoplesSouth Bank 617 East Church Street Headland, AL 36345 Full Service B&M $13,934
    PeoplesSouth Bank 630 Ohio Ave Lynn Haven, FL 32444 Full Service B&M $12,855
    PeoplesSouth Bank 701 Westover Road Albany, GA 31701 Full Service B&M $27,673
    PeoplesSouth Bank 8146 Highway 90 Sneads, FL 32460 Full Service B&M $26,179

    For 2018, Peoplessouth Bank had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,528
    Net interest income $28,778
    Total noninterest income $3,553
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,244
    Trading account gains and fees $0
    Additional Noninterest Income $2,309
    Pre-tax net operating income $11,319
    Securities gains (or losses, -) $-1
    Income before extraordinary items $9,035
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,035
    Minority interest net income $0
    Net income $9,035
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,035

    Peoplessouth Bank's gross interest income from loans was $33,528,000.
    Peoplessouth Bank's net interest income from loans was $28,778,000.
    Peoplessouth Bank's fee based income from loans was $1,244,000.
    Peoplessouth Bank's net income from loans was $9,035,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,750
    Provision for credit losses $1,000
    Total noninterest expense $20,012
    Salaries and employee benefits $11,199
    Premises and equipment expense $2,484
    Additional noninterest expense $6,329
    Applicable income taxes $2,283
    Net charge-offs $422
    Cash dividends $10,800

    Peoplessouth Bank's interest expense for loans was $4,750,000.
    Peoplessouth Bank's payroll and benefits expense were $11,199,000.
    Peoplessouth Bank's property, plant and equipment expenses $2,484,000.

    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 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $753,766
    Deposits held in domestic offices $753,766
    Deposits by Individuals, partnerships, and corporations $689,038
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,715
    Deposits by Commercial banks and other depository institutions in U.S. $13
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $341,010
    Demand deposits $148,201
    Nontransaction accounts $412,756
    Money market deposit accounts (MMDAs) $103,746
    Other savings deposits (excluding MMDAs) $60,186
    Total time deposits $248,823
    Total time and savings deposits $605,565
    Noninterest-bearing deposits $148,201
    Interest-bearing deposits $605,565
    Retail deposits $720,593
    IRAs and Keogh plan accounts $31,354
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $821,560
    Cash & Balances due from depository institutions $56,661
    Interest-bearing balances $47,128
    Total securities $227,369
    Federal funds sold & reverse repurchase $0
    Net loans and leases $502,752
    Loan and leases loss allowance $7,493
    Trading account assets $0
    Bank premises and fixed assets $21,012
    Other real estate owned $3,563
    Goodwill and other intangibles $808
    All other assets $9,395

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $821,560
    Total Liabilities $756,482
    Total deposits $753,766
    Interest-bearing deposits $605,565
    Deposits held in domestic offices $753,766
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,716

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $502,752
    Loan and leases loss allowance $7,493
    Total loans and leases (domestic) $510,245
    All real estate loans $414,208
    Real estate loans in domestic offices $414,208
    Construction and development loans $62,497
    Residential 1-4 family construction $15,168
    Other construction, all land development and other land $47,329
    Loans secured by nonfarm nonresidential properties $154,197
    Nonfarm nonresidential secured by owner-occupied properties $96,918
    Commercial real estate & other non-farm, non-residential $57,279
    Multifamily residential real estate $15,375
    1-4 family residential loans $145,659
    Farmland loans $36,480
    Loans held in foreign offices $0
    Farm loans $29,490
    Commercial and industrial loans $29,466
    To non-U.S. addressees $0
    Loans to individuals $31,028
    Credit card loans $0
    Related Plans $146
    Consumer Auto Loans $15,661
    Other loans to individuals $15,221
    All other loans & leases $6,053
    Loans to foreign governments and official institutions $0
    Other loans $3,017
    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 $3,683
    Non 1-4 family restructured loans & leases $3,683
    Total loans and leases (foreign) $0

    PeoplesSouth Bank had $502,752,000 of loans outstanding in 2018. $414,208,000 of loans were in real estate loans. $62,497,000 of loans were in development loans. $15,375,000 of loans were in multifamily mortgage loans. $145,659,000 of loans were in 1-4 family mortgage loans. $29,490,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,661,000 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 467 $80,143 $171,612
    Nonfarm, nonresidential loans - <$100k 168 $6,568 $39,095
    Nonfarm, nonresidential loans - $100-250k 152 $18,882 $124,224
    Nonfarm, nonresidential loans - $250k-1MM 147 $54,693 $372,061
    Commercial & Industrial, US addressed loans - <$1MM 634 $24,976 $39,394
    Commercial & Industrial, US addressed loans - <$100k 548 $10,970 $20,018
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,514 $90,280
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $9,492 $263,667
    Farmland loans - <$1MM 235 $19,854 $84,485
    Farmland loans - <$100k 153 $4,689 $30,647
    Farmland loans - $100-250k 50 $5,960 $119,200
    Farmland loans - $250k-1MM 32 $9,205 $287,656
    Agriculture operations loans - <$1MM 272 $9,563 $35,158
    Agriculture operations loans - <$100k 226 $4,541 $20,093
    Agriculture operations loans - $100-250k 34 $3,257 $95,794
    Agriculture operations loans - $250k-1MM 12 $1,765 $147,083