Peoples Bank Mortgage Rates, Fees & Info
Lebanon, KYLEI: 549300V1L2AOAAI26J57
Tax ID: 61-0305670
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Mortgage Data
Bank Data
Review & Overview
Peoples Bank is a smaller bank specializing in Cash Out Refi, Home Purchase, and Refi loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Bowling Green, Elizabethtown, and Bardstown among others. We have data for 4 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.
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Originations
32Origination Dollar Volume (All Markets)
$6,430,000Employee count
23Top 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) | 29 | $5,135,000 | $177,069 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $6,430,000 | $200,938 | $0 | 0.00% |
For 2019, Peoples Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 16 | $2,050,000 | $128,125 | $0 | 0.00% |
| Home Purchase | 9 | $2,795,000 | $310,556 | $0 | 0.00% |
| Refi | 7 | $1,585,000 | $226,429 | $0 | 0.00% |
For 2019, Peoples Bank's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $6,430,000 | $200,938 | $0 | 0.00% |
For 2019, Peoples Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2019 saw Peoples Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,295,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $6,430,000 | $200,938 | $0 | 0.00% |
Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $5,095,000 | $164,355 | $0 | 0.00% |
| Not applicable | 1 | $1,335,000 | $1,335,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.45%
Peoples 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 origination71.88%
Peoples Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $6,430,000 | $200,938 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $1,335,000 | $1,335,000 |
| Single Family (1-4 Units):Site-Built | 31 | $5,095,000 | $164,355 |
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) |
|---|---|---|---|
| The Peoples Bank | 201 North Bardstown Road Mount Washington, KY 40047 | Full Service B&M | $74,570 |
| The Peoples Bank | 415 Oakbrooke Drive Mount Washington, KY 40047 | Full Service B&M | $0 |
For 2019, Peoples Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,993 |
| Net interest income | $3,906 |
| Total noninterest income | $760 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $122 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $638 |
| Pre-tax net operating income | $1,306 |
| Securities gains (or losses, -) | $23 |
| Income before extraordinary items | $1,329 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,329 |
| Minority interest net income | $0 |
| Net income | $1,329 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,306 |
Peoples Bank's gross interest income from loans was $3,993,000.
Peoples Bank's net interest income from loans was $3,906,000.
Peoples Bank's fee based income from loans was $122,000.
Peoples Bank's net income from loans was $1,329,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $87 |
| Provision for credit losses | $0 |
| Total noninterest expense | $3,360 |
| Salaries and employee benefits | $1,793 |
| Premises and equipment expense | $295 |
| Additional noninterest expense | $1,272 |
| Applicable income taxes | $0 |
| Net charge-offs | $-7 |
| Cash dividends | $1,070 |
Peoples Bank's interest expense for loans was $87,000.
Peoples Bank's payroll and benefits expense were $1,793,000.
Peoples Bank's property, plant and equipment expenses $295,000.
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 | $73,766 |
| Deposits held in domestic offices | $73,766 |
| Deposits by Individuals, partnerships, and corporations | $73,595 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $172 |
| 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 | $37,236 |
| Demand deposits | $20,947 |
| Nontransaction accounts | $36,531 |
| Money market deposit accounts (MMDAs) | $6,538 |
| Other savings deposits (excluding MMDAs) | $17,722 |
| Total time deposits | $12,271 |
| Total time and savings deposits | $52,820 |
| Noninterest-bearing deposits | $20,947 |
| Interest-bearing deposits | $52,819 |
| Retail deposits | $73,500 |
| IRAs and Keogh plan accounts | $6,505 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $85,717 |
| Cash & Balances due from depository institutions | $7,677 |
| Interest-bearing balances | $6,202 |
| Total securities | $13,139 |
| Federal funds sold & reverse repurchase | $433 |
| Net loans and leases | $60,172 |
| Loan and leases loss allowance | $713 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,867 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $68 |
| All other assets | $2,361 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $85,716 |
| Total Liabilities | $74,364 |
| Total deposits | $73,766 |
| Interest-bearing deposits | $52,819 |
| Deposits held in domestic offices | $73,766 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $28 |
| Subordinated debt | $0 |
| All other liabilities | $570 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $60,172 |
| Loan and leases loss allowance | $713 |
| Total loans and leases (domestic) | $60,885 |
| All real estate loans | $54,123 |
| Real estate loans in domestic offices | $54,123 |
| Construction and development loans | $3,770 |
| Residential 1-4 family construction | $1,989 |
| Other construction, all land development and other land | $1,781 |
| Loans secured by nonfarm nonresidential properties | $28,515 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,049 |
| Commercial real estate & other non-farm, non-residential | $18,466 |
| Multifamily residential real estate | $2,647 |
| 1-4 family residential loans | $13,578 |
| Farmland loans | $5,613 |
| Loans held in foreign offices | $0 |
| Farm loans | $962 |
| Commercial and industrial loans | $4,677 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $237 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $108 |
| Other loans to individuals | $129 |
| All other loans & leases | $885 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $11 |
| 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 | $1,508 |
| Non 1-4 family restructured loans & leases | $1,229 |
| Total loans and leases (foreign) | $0 |
Peoples Bank had $60,172,000 of loans outstanding in 2019. $54,123,000 of loans were in real estate loans. $3,770,000 of loans were in development loans. $2,647,000 of loans were in multifamily mortgage loans. $13,578,000 of loans were in 1-4 family mortgage loans. $962,000 of loans were in farm loans. $0 of loans were in credit card loans. $108,000 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 | 50 | $14,498 | $289,960 |
| Nonfarm, nonresidential loans - <$100k | 6 | $214 | $35,667 |
| Nonfarm, nonresidential loans - $100-250k | 16 | $1,890 | $118,125 |
| Nonfarm, nonresidential loans - $250k-1MM | 28 | $12,394 | $442,643 |
| Commercial & Industrial, US addressed loans - <$1MM | 28 | $3,388 | $121,000 |
| Commercial & Industrial, US addressed loans - <$100k | 16 | $410 | $25,625 |
| Commercial & Industrial, US addressed loans - $100-250k | 7 | $825 | $117,857 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 5 | $2,153 | $430,600 |
| Farmland loans - <$1MM | 10 | $1,636 | $163,600 |
| Farmland loans - <$100k | 2 | $55 | $27,500 |
| Farmland loans - $100-250k | 5 | $638 | $127,600 |
| Farmland loans - $250k-1MM | 3 | $943 | $314,333 |