Peoples Bank Mortgage Rates, Fees & Info

Lebanon, KY

LEI: 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.

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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Originations

32

Origination Dollar Volume (All Markets)

$6,430,000

Employee count

23

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) 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%
Peoples Bank's top markets include Louisville, Bowling Green, Elizabethtown, 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.

    Advanz Federal Credit Union
    Similarity Rank: 360
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    Similarity Rank: 400
    COMMONWEALTH
    Similarity Rank: 408
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    PARK COMMUNITY CREDIT UNION, INC.
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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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 15 $2,295,000 $153,000 $0 0.00%
    $100,000 or less 11 $725,000 $65,909 $0 0.00%
    $200k-400k 4 $1,160,000 $290,000 $0 0.00%
    $1MM+ 1 $1,335,000 $1,335,000 $0 0.00%
    $600k-1MM 1 $915,000 $915,000 $0 0.00%

    2019 saw Peoples Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,255,000 $114,091 $0 0.00%
    $75k-100k 8 $1,470,000 $183,750 $0 0.00%
    $50k or less 7 $615,000 $87,857 $0 0.00%
    $100k-150k 2 $280,000 $140,000 $0 0.00%
    $150k-250k 2 $1,100,000 $550,000 $0 0.00%
    $250k+ 1 $375,000 $375,000 $0 0.00%

    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 applications
    95.45%

    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 origination
    71.88%

    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