Peoplessouth Bank Mortgage Rates, Fees & Info
Colquitt, GALEI: 549300RZCM5T73BZEI76
Tax ID: 58-1171935
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Mortgage Data
Bank Data
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, Tallahassee, Panama City, Ozark, and Albany among others. We have data for 21 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% | 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
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Originations
516Origination Dollar Volume (All Markets)
$55,950,000Employee count
192Top 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) | 171 | $14,405,000 | $84,240 | $914 | 5.22% |
| Outside of Metro Areas | 129 | $14,025,000 | $108,721 | $926 | 4.89% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 31 | $6,975,000 | $225,000 | $4,402 | 4.62% |
| PANAMA CITY, FL (FHA|USDA|VA) | 30 | $4,760,000 | $158,667 | $4,987 | 4.77% |
| Ozark, AL (FHA|USDA|VA) | 60 | $4,590,000 | $76,500 | $523 | 5.02% |
| ALBANY, GA (FHA|USDA|VA) | 23 | $3,905,000 | $169,783 | $1,043 | 5.19% |
| Bainbridge, GA (FHA|USDA|VA) | 21 | $1,565,000 | $74,524 | $228 | 5.18% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $3,525 | 5.09% |
| Americus, GA (FHA|USDA|VA) | 15 | $985,000 | $65,667 | $477 | 5.50% |
| Enterprise, AL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,867 | 4.60% |
| Eufaula, AL-GA (FHA|USDA|VA) | 13 | $515,000 | $39,615 | $214 | 5.97% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 4.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,592 | 4.62% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,537 | 3.96% |
| Troy, AL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $8 | 5.09% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,650 | 4.77% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
| Dublin, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $603 | 6.89% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 504 | $53,860,000 | $106,865 | $989 | 5.06% |
| HELOC | 11 | $1,865,000 | $169,545 | n/a | 5.30% |
| FHA | 1 | $225,000 | $225,000 | $0 | 4.25% |
For 2020, Peoplessouth Bank's most frequently originated type of loan was Conventional, with 504 originations. Their 2nd most popular type was HELOC, with 11 originations.
Loan Reason
For 2020, Peoplessouth Bank's most frequently cited loan purpose was Refi, with 248 originations. The 2nd most popular reason was Home Purchase, with 162 originations.
Loan Duration/Length
For 2020, Peoplessouth Bank's most frequently cited loan duration was Other, with 260 originations. The 2nd most popular length was 3 Year, with 92 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 194 | $17,210,000 | $88,711 |
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 194 originations.
Interest Rates
During 2020, Peoplessouth Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 320 originations.
Loan Sizing
2020 saw Peoplessouth Bank place emphasis on $100,000 or less loans with 361 originations, totaling $15,865,000 in origination value.
Applicant Income
Peoplessouth Bank lent most frequently to those with incomes in the $50k or less range, with 406 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Peoplessouth Bank lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.48%
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 origination99.42%
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 | 516 | $55,950,000 | $108,430 |
Occupancy Type Mix
LTV Distribution
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) |
|---|---|---|---|
| Peoplessouth Bank | 101 Painter Avenue Ozark, AL 36360 | Full Service B&M | $46,575 |
| Peoplessouth Bank | 102 N Prince Street Americus, GA 31709 | Full Service B&M | $17,470 |
| Peoplessouth Bank | 109 East Church Street Columbia, AL 36319 | Full Service B&M | $26,816 |
| Peoplessouth Bank | 118 West Second Street, Suite 5 Donalsonville, GA 39845 | Full Service B&M | $35,291 |
| Peoplessouth Bank | 1200 Highway 280 Bypass Phenix City, AL 36867 | Full Service B&M | $484 |
| Peoplessouth Bank | 1245 South Eufaula Avenue Eufaula, AL 36027 | Full Service B&M | $9,904 |
| Peoplessouth Bank | 1302 Gray Highway Macon, GA 31211 | Full Service B&M | $424 |
| Peoplessouth Bank | 1449 Tallahassess Hwy Bainbridge, GA 39817 | Full Service B&M | $22,320 |
| Peoplessouth Bank | 1615 Main Street, Highway 77 Chipley, FL 32428 | Full Service B&M | $35,512 |
| Peoplessouth Bank | 2020 South Waukesha Street Bonifay, FL 32425 | Full Service B&M | $21,438 |
| Peoplessouth Bank | 203 W Crawford Street Colquitt, GA 39837 | Full Service B&M | $70,196 |
| Peoplessouth Bank | 20455 Central Avenue West Blountstown, FL 32424 | Full Service B&M | $85,540 |
| Peoplessouth Bank | 2260 Hwy 71 Marianna, FL 32448 | Full Service B&M | $55,825 |
| Peoplessouth Bank | 2721 Capital Circle Ne Tallahassee, FL 32308 | Full Service B&M | $18,147 |
| Peoplessouth Bank | 2861 John D Odom Road Dothan, AL 36303 | Full Service B&M | $13,789 |
| Peoplessouth Bank | 2920 Kerry Forest Pkwy Tallahassee, FL 32309 | Full Service B&M | $10,729 |
| Peoplessouth Bank | 2926 Ross Clark Circle Dothan, AL 36301 | Full Service B&M | $21,567 |
| Peoplessouth Bank | 3605 E. Main Street Dothan, AL 36301 | Full Service B&M | $27,827 |
| Peoplessouth Bank | 400 West 23rd Street Panama City, FL 32405 | Full Service B&M | $23,014 |
| Peoplessouth Bank | 414 Broadway Ashford, AL 36312 | Full Service B&M | $19,268 |
| Peoplessouth Bank | 4192 Bryan St. Greenwood, FL 32443 | Full Service B&M | $32,665 |
| Peoplessouth Bank | 519 Kirkland Street Abbeville, AL 36310 | Full Service B&M | $23,864 |
| Peoplessouth Bank | 529 Cecil G. Costin Sr. Blvd Port Saint Joe, FL 32456 | Full Service B&M | $40,581 |
| Peoplessouth Bank | 58 Fourth Street Apalachicola, FL 32320 | Full Service B&M | $48,255 |
| Peoplessouth Bank | 607 S. Tyndall Pkwy Panama City, FL 32404 | Full Service B&M | $6,141 |
| Peoplessouth Bank | 617 East Church Street Headland, AL 36345 | Full Service B&M | $18,469 |
| Peoplessouth Bank | 630 Ohio Ave Lynn Haven, FL 32444 | Full Service B&M | $17,495 |
| Peoplessouth Bank | 701 Westover Road Albany, GA 31701 | Full Service B&M | $25,344 |
| Peoplessouth Bank | 8146 Highway 90 Sneads, FL 32460 | Full Service B&M | $37,400 |
For 2020, Peoplessouth Bank had 29 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $36,805 |
| Net interest income | $32,945 |
| Total noninterest income | $2,649 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $871 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,778 |
| Pre-tax net operating income | $14,350 |
| Securities gains (or losses, -) | $693 |
| Income before extraordinary items | $11,369 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,369 |
| Minority interest net income | $0 |
| Net income | $11,369 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,821 |
Peoplessouth Bank's gross interest income from loans was $36,805,000.
Peoplessouth Bank's net interest income from loans was $32,945,000.
Peoplessouth Bank's fee based income from loans was $871,000.
Peoplessouth Bank's net income from loans was $11,369,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,860 |
| Provision for credit losses | $650 |
| Total noninterest expense | $20,594 |
| Salaries and employee benefits | $11,464 |
| Premises and equipment expense | $2,255 |
| Additional noninterest expense | $6,875 |
| Applicable income taxes | $3,674 |
| Net charge-offs | $-172 |
| Cash dividends | $6,000 |
Peoplessouth Bank's interest expense for loans was $3,860,000.
Peoplessouth Bank's payroll and benefits expense were $11,464,000.
Peoplessouth Bank's property, plant and equipment expenses $2,255,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 3.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $827,788 |
| Deposits held in domestic offices | $827,788 |
| Deposits by Individuals, partnerships, and corporations | $768,404 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $59,384 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $431,377 |
| Demand deposits | $223,089 |
| Nontransaction accounts | $396,411 |
| Money market deposit accounts (MMDAs) | $107,070 |
| Other savings deposits (excluding MMDAs) | $84,906 |
| Total time deposits | $204,435 |
| Total time and savings deposits | $604,699 |
| Noninterest-bearing deposits | $208,288 |
| Interest-bearing deposits | $619,500 |
| Retail deposits | $797,503 |
| IRAs and Keogh plan accounts | $27,635 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $939,930 |
| Cash & Balances due from depository institutions | $42,631 |
| Interest-bearing balances | $32,658 |
| Total securities | $271,789 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $590,855 |
| Loan and leases loss allowance | $8,386 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $21,589 |
| Other real estate owned | $1,570 |
| Goodwill and other intangibles | $290 |
| All other assets | $11,206 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $939,930 |
| Total Liabilities | $855,440 |
| Total deposits | $827,788 |
| Interest-bearing deposits | $619,500 |
| Deposits held in domestic offices | $827,788 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $25,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,652 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $590,855 |
| Loan and leases loss allowance | $8,386 |
| Total loans and leases (domestic) | $599,241 |
| All real estate loans | $463,370 |
| Real estate loans in domestic offices | $463,370 |
| Construction and development loans | $73,597 |
| Residential 1-4 family construction | $14,075 |
| Other construction, all land development and other land | $59,522 |
| Loans secured by nonfarm nonresidential properties | $187,799 |
| Nonfarm nonresidential secured by owner-occupied properties | $93,592 |
| Commercial real estate & other non-farm, non-residential | $94,207 |
| Multifamily residential real estate | $9,450 |
| 1-4 family residential loans | $156,938 |
| Farmland loans | $35,586 |
| Loans held in foreign offices | $0 |
| Farm loans | $27,482 |
| Commercial and industrial loans | $72,765 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $24,998 |
| Credit card loans | $0 |
| Related Plans | $92 |
| Consumer Auto Loans | $12,566 |
| Other loans to individuals | $12,340 |
| All other loans & leases | $10,626 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,882 |
| 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 | $4,488 |
| Non 1-4 family restructured loans & leases | $4,400 |
| Total loans and leases (foreign) | $0 |
PeoplesSouth Bank had $590,855,000 of loans outstanding in 2020. $463,370,000 of loans were in real estate loans. $73,597,000 of loans were in development loans. $9,450,000 of loans were in multifamily mortgage loans. $156,938,000 of loans were in 1-4 family mortgage loans. $27,482,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,566,000 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 | 477 | $84,978 | $178,151 |
| Nonfarm, nonresidential loans - <$100k | 165 | $6,931 | $42,006 |
| Nonfarm, nonresidential loans - $100-250k | 152 | $18,569 | $122,164 |
| Nonfarm, nonresidential loans - $250k-1MM | 160 | $59,478 | $371,738 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,287 | $50,037 | $38,879 |
| Commercial & Industrial, US addressed loans - <$100k | 1,148 | $24,763 | $21,571 |
| Commercial & Industrial, US addressed loans - $100-250k | 95 | $10,768 | $113,347 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 44 | $14,506 | $329,682 |
| Farmland loans - <$1MM | 230 | $18,758 | $81,557 |
| Farmland loans - <$100k | 154 | $4,467 | $29,006 |
| Farmland loans - $100-250k | 43 | $5,076 | $118,047 |
| Farmland loans - $250k-1MM | 33 | $9,215 | $279,242 |
| Agriculture operations loans - <$1MM | 250 | $9,610 | $38,440 |
| Agriculture operations loans - <$100k | 199 | $3,945 | $19,824 |
| Agriculture operations loans - $100-250k | 34 | $2,710 | $79,706 |
| Agriculture operations loans - $250k-1MM | 17 | $2,955 | $173,824 |