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. Their top markets by origination volume include: Dothan, Panama City, Tallahassee, Ozark, and Crestview among others. We have data for 20 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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

    570

    Origination Dollar Volume (All Markets)

    $53,820,000

    Employee count

    182

    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) 196 $15,600,000 $79,592 $961 5.87%
    Outside of Metro Areas 135 $12,405,000 $91,889 $1,646 5.88%
    PANAMA CITY, FL (FHA|USDA|VA) 32 $6,650,000 $207,813 $2,702 5.79%
    TALLAHASSEE, FL (FHA|USDA|VA) 43 $5,545,000 $128,953 $3,711 5.97%
    Ozark, AL (FHA|USDA|VA) 62 $4,470,000 $72,097 $595 5.98%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $2,545,000 $363,571 $5,657 5.53%
    Eufaula, AL-GA (FHA|USDA|VA) 28 $1,840,000 $65,714 $1,803 6.27%
    Bainbridge, GA (FHA|USDA|VA) 18 $1,820,000 $101,111 $1,596 5.49%
    Americus, GA (FHA|USDA|VA) 19 $1,075,000 $56,579 $1,159 5.94%
    ALBANY, GA (FHA|USDA|VA) 13 $705,000 $54,231 $120 6.31%
    GADSDEN, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.00%
    Alexander City, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.75%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $190,000 $95,000 $672 5.81%
    Tifton, GA (FHA|USDA|VA) 1 $115,000 $115,000 $68 7.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $1,280 5.31%
    Enterprise, AL (FHA|USDA|VA) 4 $80,000 $20,000 $979 6.33%
    Troy, AL (FHA|USDA|VA) 4 $80,000 $20,000 $21 6.14%
    Sevierville, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
    Moultrie, GA (FHA|USDA|VA) 1 $25,000 $25,000 $899 5.57%
    VALDOSTA, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
    Peoplessouth Bank's top markets include Dothan, Panama City, Tallahassee, Ozark, and Crestview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 541 $51,465,000 $95,129 $1,436 5.91%
    HELOC 28 $2,320,000 $82,857 n/a 5.85%
    VA 1 $35,000 $35,000 $0 7.50%

    For 2019, Peoplessouth Bank's most frequently originated type of loan was Conventional, with 541 originations. Their 2nd most popular type was HELOC, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 253 $20,835,000 $82,352 $430 6.10%
    Home Purchase 201 $22,725,000 $113,060 $2,281 5.80%
    Cash Out Refi 84 $8,630,000 $102,738 $1,179 5.69%
    Home Improvement 27 $1,375,000 $50,926 $611 5.73%
    Other 5 $255,000 $51,000 $196 5.75%

    For 2019, Peoplessouth Bank's most frequently cited loan purpose was Refi, with 253 originations. The 2nd most popular reason was Home Purchase, with 201 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 279 $27,785,000 $99,588 $1,529 5.71%
    3 Year 124 $11,990,000 $96,694 $112 6.25%
    5 Year 56 $2,620,000 $46,786 $788 6.05%
    1 Year 52 $4,790,000 $92,115 $1,100 5.91%
    20 Year 35 $4,315,000 $123,286 $0 5.88%
    15 Year 19 $2,065,000 $108,684 $0 6.21%
    10 Year 5 $255,000 $51,000 $0 6.70%

    For 2019, Peoplessouth Bank's most frequently cited loan duration was Other, with 279 originations. The 2nd most popular length was 3 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 171 $15,275,000 $89,327

    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 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 287 $31,155,000 $108,554
    6-7% 206 $14,080,000 $68,350
    4-5% 52 $7,100,000 $136,538
    7-8% 17 $665,000 $39,118
    Over 8% 4 $80,000 $20,000
    3-4% 1 $505,000 $505,000

    During 2019, Peoplessouth Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 287 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 416 $18,050,000 $43,389 $1,000 5.97%
    $100k-200k 99 $13,135,000 $132,677 $2,210 5.76%
    $200k-400k 40 $10,280,000 $257,000 $3,044 5.86%
    $400k-600k 9 $4,705,000 $522,778 $6,252 5.41%
    $1MM+ 5 $6,945,000 $1,389,000 $17,066 5.31%
    $600k-1MM 1 $705,000 $705,000 $0 5.75%

    2019 saw Peoplessouth Bank place emphasis on $100,000 or less loans with 416 originations, totaling $18,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 446 $36,160,000 $81,076 $1,395 5.87%
    $75k-100k 2 $340,000 $170,000 $11,109 5.78%

    Peoplessouth Bank lent most frequently to those with incomes in the $50k or less range, with 446 originations. The second most popular income band? $75k-100k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $8,410,000 $84,100 $1,668 5.70%
    <20% 77 $4,825,000 $62,662 $1,081 5.85%
    30-36% 62 $4,220,000 $68,065 $1,276 5.77%
    >60% 46 $6,230,000 $135,435 $2,475 6.12%
    50-60% 33 $3,265,000 $98,939 $469 6.10%
    41% 18 $1,100,000 $61,111 $1,478 6.18%
    39% 14 $1,030,000 $73,571 $2,784 5.78%
    37% 14 $1,150,000 $82,143 $1,912 5.69%
    44% 13 $905,000 $69,615 $338 6.00%
    45% 11 $775,000 $70,455 $929 6.15%
    43% 11 $1,385,000 $125,909 $1,656 5.74%
    42% 11 $745,000 $67,727 $628 6.11%
    36% 10 $560,000 $56,000 $582 5.67%
    47% 7 $555,000 $79,286 $0 6.18%
    40% 7 $485,000 $69,286 $1,501 5.67%
    38% 6 $190,000 $31,667 $1,293 6.44%
    46% 4 $280,000 $70,000 $1,494 5.39%
    48% 3 $205,000 $68,333 $0 6.42%
    49% 3 $285,000 $95,000 $0 6.42%

    Peoplessouth Bank lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? <20%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 404 $35,760,000 $88,515 $1,483 5.82%
    Not applicable 112 $15,430,000 $137,768 $0 6.13%
    Black 50 $2,290,000 $45,800 $818 6.23%
    Asian 3 $275,000 $91,667 $1,951 5.07%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    96.95%

    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
    99.47%

    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
    NA 570 $53,820,000 $94,421

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $105,000 $105,000
    Multifamily:Site-Built 12 $3,800,000 $316,667
    Single Family (1-4 Units):Manufactured 97 $4,225,000 $43,557
    Single Family (1-4 Units):Site-Built 460 $45,690,000 $99,326

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $3,840,000 $42,667 $666 5.95%
    40-60% 125 $9,525,000 $76,200 $999 5.93%
    60-80% 226 $25,170,000 $111,372 $1,875 5.88%
    80-100% 86 $11,930,000 $138,721 $2,060 5.79%
    Over 100% 11 $2,535,000 $230,455 $950 5.93%
    Under 20% 31 $785,000 $25,323 $523 6.29%

    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)
    PeoplesSouth Bank 101 Painter Avenue Ozark, AL 36360 Full Service B&M $40,165
    PeoplesSouth Bank 102 N Prince Street Americus, GA 31709 Full Service B&M $16,017
    PeoplesSouth Bank 109 East Church Street Columbia, AL 36319 Full Service B&M $23,490
    PeoplesSouth Bank 118 West Second Street, Suite 5 Donalsonville, GA 39845 Full Service B&M $16,527
    PeoplesSouth Bank 1245 South Eufaula Avenue Eufaula, AL 36027 Full Service B&M $9,739
    PeoplesSouth Bank 1449 Tallahassess Hwy Bainbridge, GA 39817 Full Service B&M $21,099
    PeoplesSouth Bank 1615 Main Street, Highway 77 Chipley, FL 32428 Full Service B&M $33,306
    PeoplesSouth Bank 2020 South Waukesha Street Bonifay, FL 32425 Full Service B&M $18,265
    PeoplesSouth Bank 203 W Crawford Street Colquitt, GA 39837 Full Service B&M $56,898
    PeoplesSouth Bank 20455 Central Avenue West Blountstown, FL 32424 Full Service B&M $84,376
    PeoplesSouth Bank 2260 Hwy 71 Marianna, FL 32448 Full Service B&M $55,153
    PeoplesSouth Bank 2721 Capital Circle Ne Tallahassee, FL 32308 Full Service B&M $16,632
    PeoplesSouth Bank 2861 John D Odom Road Dothan, AL 36303 Full Service B&M $12,703
    PeoplesSouth Bank 2920 Kerry Forest Pkwy Tallahassee, FL 32309 Full Service B&M $10,749
    PeoplesSouth Bank 2926 Ross Clark Circle Dothan, AL 36301 Full Service B&M $19,932
    PeoplesSouth Bank 3605 E. Main Street Dothan, AL 36301 Full Service B&M $16,293
    PeoplesSouth Bank 400 West 23rd Street Panama City, FL 32405 Full Service B&M $24,238
    PeoplesSouth Bank 414 Broadway Ashford, AL 36312 Full Service B&M $20,733
    PeoplesSouth Bank 4192 Bryan St. Greenwood, FL 32443 Full Service B&M $34,545
    PeoplesSouth Bank 519 Kirkland Street Abbeville, AL 36310 Full Service B&M $23,279
    PeoplesSouth Bank 529 Cecil G. Costin Sr. Blvd Port Saint Joe, FL 32456 Full Service B&M $42,607
    PeoplesSouth Bank 58 Fourth Street Apalachicola, FL 32320 Full Service B&M $46,290
    PeoplesSouth Bank 607 S. Tyndall Pkwy Panama City, FL 32404 Full Service B&M $7,084
    PeoplesSouth Bank 617 East Church Street Headland, AL 36345 Full Service B&M $13,687
    PeoplesSouth Bank 630 Ohio Ave Lynn Haven, FL 32444 Full Service B&M $19,471
    PeoplesSouth Bank 701 Westover Road Albany, GA 31701 Full Service B&M $25,431
    PeoplesSouth Bank 8146 Highway 90 Sneads, FL 32460 Full Service B&M $35,917

    For 2019, Peoplessouth Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,272
    Net interest income $32,032
    Total noninterest income $2,976
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,094
    Trading account gains and fees $0
    Additional Noninterest Income $1,882
    Pre-tax net operating income $15,199
    Securities gains (or losses, -) $835
    Income before extraordinary items $12,076
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,076
    Minority interest net income $0
    Net income $12,076
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,416

    Peoplessouth Bank's gross interest income from loans was $37,272,000.
    Peoplessouth Bank's net interest income from loans was $32,032,000.
    Peoplessouth Bank's fee based income from loans was $1,094,000.
    Peoplessouth Bank's net income from loans was $12,076,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,240
    Provision for credit losses $100
    Total noninterest expense $19,709
    Salaries and employee benefits $10,836
    Premises and equipment expense $2,394
    Additional noninterest expense $6,479
    Applicable income taxes $3,958
    Net charge-offs $29
    Cash dividends $4,500

    Peoplessouth Bank's interest expense for loans was $5,240,000.
    Peoplessouth Bank's payroll and benefits expense were $10,836,000.
    Peoplessouth Bank's property, plant and equipment expenses $2,394,000.

    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 $728,601
    Deposits held in domestic offices $728,601
    Deposits by Individuals, partnerships, and corporations $678,372
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,215
    Deposits by Commercial banks and other depository institutions in U.S. $14
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $364,581
    Demand deposits $174,522
    Nontransaction accounts $364,020
    Money market deposit accounts (MMDAs) $91,153
    Other savings deposits (excluding MMDAs) $61,587
    Total time deposits $211,280
    Total time and savings deposits $554,079
    Noninterest-bearing deposits $174,522
    Interest-bearing deposits $554,079
    Retail deposits $701,404
    IRAs and Keogh plan accounts $28,473
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $808,966
    Cash & Balances due from depository institutions $40,990
    Interest-bearing balances $31,421
    Total securities $204,487
    Federal funds sold & reverse repurchase $0
    Net loans and leases $530,600
    Loan and leases loss allowance $7,564
    Trading account assets $0
    Bank premises and fixed assets $21,085
    Other real estate owned $2,760
    Goodwill and other intangibles $549
    All other assets $8,495

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $808,966
    Total Liabilities $730,955
    Total deposits $728,601
    Interest-bearing deposits $554,079
    Deposits held in domestic offices $728,601
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,354

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $530,600
    Loan and leases loss allowance $7,564
    Total loans and leases (domestic) $538,164
    All real estate loans $433,020
    Real estate loans in domestic offices $433,020
    Construction and development loans $68,966
    Residential 1-4 family construction $19,428
    Other construction, all land development and other land $49,538
    Loans secured by nonfarm nonresidential properties $163,920
    Nonfarm nonresidential secured by owner-occupied properties $96,341
    Commercial real estate & other non-farm, non-residential $67,579
    Multifamily residential real estate $10,704
    1-4 family residential loans $152,861
    Farmland loans $36,569
    Loans held in foreign offices $0
    Farm loans $26,851
    Commercial and industrial loans $32,192
    To non-U.S. addressees $0
    Loans to individuals $27,146
    Credit card loans $0
    Related Plans $52
    Consumer Auto Loans $13,994
    Other loans to individuals $13,100
    All other loans & leases $18,955
    Loans to foreign governments and official institutions $0
    Other loans $2,947
    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 $3,549
    Non 1-4 family restructured loans & leases $3,549
    Total loans and leases (foreign) $0

    PeoplesSouth Bank had $530,600,000 of loans outstanding in 2019. $433,020,000 of loans were in real estate loans. $68,966,000 of loans were in development loans. $10,704,000 of loans were in multifamily mortgage loans. $152,861,000 of loans were in 1-4 family mortgage loans. $26,851,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,994,000 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 459 $81,698 $177,991
    Nonfarm, nonresidential loans - <$100k 161 $6,177 $38,366
    Nonfarm, nonresidential loans - $100-250k 146 $18,170 $124,452
    Nonfarm, nonresidential loans - $250k-1MM 152 $57,351 $377,309
    Commercial & Industrial, US addressed loans - <$1MM 596 $23,313 $39,116
    Commercial & Industrial, US addressed loans - <$100k 508 $10,037 $19,758
    Commercial & Industrial, US addressed loans - $100-250k 57 $5,040 $88,421
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $8,236 $265,677
    Farmland loans - <$1MM 234 $19,488 $83,282
    Farmland loans - <$100k 155 $4,896 $31,587
    Farmland loans - $100-250k 48 $5,607 $116,813
    Farmland loans - $250k-1MM 31 $8,985 $289,839
    Agriculture operations loans - <$1MM 276 $10,161 $36,815
    Agriculture operations loans - <$100k 220 $4,080 $18,545
    Agriculture operations loans - $100-250k 41 $3,126 $76,244
    Agriculture operations loans - $250k-1MM 15 $2,955 $197,000