Peoples Bank Mortgage Rates, Fees & Info

Lebanon, KY

LEI: 549300V1L2AOAAI26J57

Tax ID: 61-0305670

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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 Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Clarksville, Elizabethtown, London, and Bardstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples 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 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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    Originations

    35

    Origination Dollar Volume (All Markets)

    $6,345,000

    Employee count

    22

    Awards

    Peoples Bank 30 Year Conventional Loans silver
    Show all (1) 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
    LOUISVILLE, KY (FHA|USDA|VA) 30 $5,790,000 $193,000 $2,288 4.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,875 3.63%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,103 4.88%
    London, KY (FHA|USDA|VA) 1 $145,000 $145,000 $1,837 4.25%
    Bardstown, KY (FHA|USDA|VA) 2 $100,000 $50,000 $1,404 4.44%
    Peoples Bank's top markets include Louisville, Clarksville, Elizabethtown, London, and Bardstown among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Peoples Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Peoples Bank
    Similarity Rank: 120
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 162
    COMMONWEALTH
    Similarity Rank: 345
    First Harrison Bank
    Similarity Rank: 357
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    Abound Federal Credit Union
    Similarity Rank: 375
    Peoples Bank
    Similarity Rank: 455
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 468
    The New Washington State Bank
    Similarity Rank: 650
    Victory Community Bank
    Similarity Rank: 714

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $6,345,000 $181,286 $2,197 4.80%

    For 2018, Peoples Bank's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $3,445,000 $229,667 $2,136 4.86%
    Home Purchase 10 $1,130,000 $113,000 $1,794 4.76%
    Cash Out Refi 10 $1,770,000 $177,000 $2,598 4.76%

    For 2018, Peoples Bank's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 20 $4,090,000 $204,500 $2,448 4.85%
    15 Year 10 $950,000 $95,000 $1,648 4.34%
    5 Year 4 $1,060,000 $265,000 $0 5.81%
    20 Year 1 $245,000 $245,000 $2,668 4.50%

    For 2018, Peoples Bank's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 22 $3,000,000 $136,364
    $1k-2k 7 $1,765,000 $252,143
    $2k-3k 1 $225,000 $225,000
    $3k-4k 1 $295,000 $295,000

    Peoples Bank's average total fees were $2,448, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $4,385,000 $175,400
    5-6% 8 $1,650,000 $206,250
    3-4% 2 $310,000 $155,000

    During 2018, Peoples Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 14 $1,970,000 $140,714 $2,057 4.64%
    $100,000 or less 10 $570,000 $57,000 $1,428 5.08%
    $200k-400k 10 $2,900,000 $290,000 $2,931 4.71%
    $600k-1MM 1 $905,000 $905,000 $0 5.25%

    2018 saw Peoples Bank place emphasis on $100k-200k loans with 14 originations, totaling $1,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,320,000 $165,714 $2,151 4.96%
    $75k-100k 7 $1,215,000 $173,571 $2,438 4.82%
    $50k-75k 6 $880,000 $146,667 $2,179 4.77%
    $50k or less 4 $270,000 $67,500 $1,645 4.50%
    $150k-250k 3 $755,000 $251,667 $2,573 4.33%

    Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $2,485,000 $146,176 $2,094 4.77%
    <20% 5 $505,000 $101,000 $1,669 4.55%
    30-36% 5 $1,325,000 $265,000 $2,620 4.65%
    39% 2 $280,000 $140,000 $2,096 5.06%
    40% 2 $110,000 $55,000 $0 6.00%
    45% 1 $385,000 $385,000 $2,353 4.75%
    42% 1 $295,000 $295,000 $4,765 4.50%
    37% 1 $55,000 $55,000 $1,840 4.38%

    Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $5,440,000 $160,000 $2,197 4.79%
    Not applicable 1 $905,000 $905,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    93.33%

    Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 35 $6,345,000 $181,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $905,000 $905,000
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 33 $5,395,000 $163,485

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $425,000 $60,714 $1,526 4.80%
    40-60% 9 $1,515,000 $168,333 $2,037 4.63%
    60-80% 16 $4,150,000 $259,375 $2,585 4.79%
    80-100% 3 $255,000 $85,000 $1,837 5.42%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Peoples Home Equity, Inc. Conventional home mortgage Closing on a mortgage 2 50.0%
    Peoples Home Equity, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Peoples Home Equity, Inc. Other type of mortgage Closing on a mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Peoples Bank 201 North Bardstown Road Mount Washington, KY 40047 Full Service B&M $78,287
    The Peoples Bank 415 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $0

    For 2018, Peoples Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,718
    Net interest income $3,653
    Total noninterest income $842
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $143
    Trading account gains and fees $0
    Additional Noninterest Income $699
    Pre-tax net operating income $1,210
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,210
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,210
    Minority interest net income $0
    Net income $1,210
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,210

    Peoples Bank's gross interest income from loans was $3,718,000.
    Peoples Bank's net interest income from loans was $3,653,000.
    Peoples Bank's fee based income from loans was $143,000.
    Peoples Bank's net income from loans was $1,210,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $65
    Provision for credit losses $0
    Total noninterest expense $3,285
    Salaries and employee benefits $1,744
    Premises and equipment expense $352
    Additional noninterest expense $1,189
    Applicable income taxes $0
    Net charge-offs $-3
    Cash dividends $1,000

    Peoples Bank's interest expense for loans was $65,000.
    Peoples Bank's payroll and benefits expense were $1,744,000.
    Peoples Bank's property, plant and equipment expenses $352,000.

    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 $73,483
    Deposits held in domestic offices $73,483
    Deposits by Individuals, partnerships, and corporations $73,347
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $136
    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 $36,940
    Demand deposits $21,208
    Nontransaction accounts $36,543
    Money market deposit accounts (MMDAs) $7,670
    Other savings deposits (excluding MMDAs) $17,221
    Total time deposits $11,652
    Total time and savings deposits $52,275
    Noninterest-bearing deposits $21,208
    Interest-bearing deposits $52,275
    Retail deposits $73,205
    IRAs and Keogh plan accounts $7,311
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $84,491
    Cash & Balances due from depository institutions $6,873
    Interest-bearing balances $5,771
    Total securities $15,646
    Federal funds sold & reverse repurchase $1,318
    Net loans and leases $56,355
    Loan and leases loss allowance $706
    Trading account assets $0
    Bank premises and fixed assets $1,829
    Other real estate owned $0
    Goodwill and other intangibles $81
    All other assets $2,389

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $84,490
    Total Liabilities $74,019
    Total deposits $73,483
    Interest-bearing deposits $52,275
    Deposits held in domestic offices $73,483
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $37
    Subordinated debt $0
    All other liabilities $499

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $56,355
    Loan and leases loss allowance $706
    Total loans and leases (domestic) $57,061
    All real estate loans $51,407
    Real estate loans in domestic offices $51,407
    Construction and development loans $4,897
    Residential 1-4 family construction $2,323
    Other construction, all land development and other land $2,574
    Loans secured by nonfarm nonresidential properties $28,900
    Nonfarm nonresidential secured by owner-occupied properties $11,357
    Commercial real estate & other non-farm, non-residential $17,543
    Multifamily residential real estate $1,646
    1-4 family residential loans $11,170
    Farmland loans $4,794
    Loans held in foreign offices $0
    Farm loans $1,700
    Commercial and industrial loans $2,735
    To non-U.S. addressees $0
    Loans to individuals $302
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $127
    Other loans to individuals $175
    All other loans & leases $917
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $1,934
    Non 1-4 family restructured loans & leases $1,641
    Total loans and leases (foreign) $0

    Peoples Bank had $56,355,000 of loans outstanding in 2018. $51,407,000 of loans were in real estate loans. $4,897,000 of loans were in development loans. $1,646,000 of loans were in multifamily mortgage loans. $11,170,000 of loans were in 1-4 family mortgage loans. $1,700,000 of loans were in farm loans. $0 of loans were in credit card loans. $127,000 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 52 $15,237 $293,019
    Nonfarm, nonresidential loans - <$100k 7 $141 $20,143
    Nonfarm, nonresidential loans - $100-250k 15 $1,613 $107,533
    Nonfarm, nonresidential loans - $250k-1MM 30 $13,483 $449,433
    Commercial & Industrial, US addressed loans - <$1MM 25 $2,735 $109,400
    Commercial & Industrial, US addressed loans - <$100k 17 $436 $25,647
    Commercial & Industrial, US addressed loans - $100-250k 3 $246 $82,000
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $2,053 $410,600
    Farmland loans - <$1MM 9 $945 $105,000
    Farmland loans - <$100k 1 $46 $46,000
    Farmland loans - $100-250k 7 $602 $86,000
    Farmland loans - $250k-1MM 1 $297 $297,000