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, Cash Out Refi, and Home Purchase loans. Peoples Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Bardstown, Atlanta, Sevierville, and Crestview among others. We have data for 9 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    170

    Origination Dollar Volume (All Markets)

    $30,160,000

    Employee count

    24

    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) 153 $27,035,000 $176,699 $0 0.00%
    Bardstown, KY (FHA|USDA|VA) 9 $1,325,000 $147,222 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Outside of Metro Areas 1 $205,000 $205,000 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Peoples Bank's top markets include Louisville, Bardstown, Atlanta, Sevierville, and Crestview among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (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.

    COMMONWEALTH
    Similarity Rank: 625
    First Harrison Bank
    Similarity Rank: 980
    TRANSCEND
    Similarity Rank: 1395
    Centra Credit Union
    Similarity Rank: 1739
    Independence Bank of Kentucky
    Similarity Rank: 1768
    Abound Federal Credit Union
    Similarity Rank: 1888
    Central Bank
    Similarity Rank: 1932
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1938
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 2016
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 2057

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $30,160,000 $177,412 $0 0.00%

    For 2020, Peoples Bank's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $13,195,000 $180,753 $0 0.00%
    Cash Out Refi 65 $10,075,000 $155,000 $0 0.00%
    Home Purchase 31 $6,385,000 $205,968 $0 0.00%
    Other 1 $505,000 $505,000 $0 0.00%

    For 2020, Peoples Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 170 $30,160,000 $177,412 $0 0.00%

    For 2020, Peoples Bank's most frequently cited loan duration was Other, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 86 $12,500,000 $145,349 $0 0.00%
    $200k-400k 47 $12,385,000 $263,511 $0 0.00%
    $100,000 or less 32 $2,500,000 $78,125 $0 0.00%
    $400k-600k 4 $1,820,000 $455,000 $0 0.00%
    $600k-1MM 1 $955,000 $955,000 $0 0.00%

    2020 saw Peoples Bank place emphasis on $100k-200k loans with 86 originations, totaling $12,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 48 $7,230,000 $150,625 $0 0.00%
    $75k-100k 35 $5,865,000 $167,571 $0 0.00%
    $100k-150k 34 $7,490,000 $220,294 $0 0.00%
    $50k or less 32 $3,500,000 $109,375 $0 0.00%
    $150k-250k 17 $4,385,000 $257,941 $0 0.00%
    $250k+ 3 $735,000 $245,000 $0 0.00%

    Peoples Bank lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 170 $30,160,000 $177,412 $0 0.00%

    Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $29,205,000 $172,811 $0 0.00%
    Not applicable 1 $955,000 $955,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.24%

    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
    94.71%

    Peoples Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $30,160,000 $177,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $955,000 $955,000
    Single Family (1-4 Units):Manufactured 2 $230,000 $115,000
    Single Family (1-4 Units):Site-Built 167 $28,975,000 $173,503

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Peoples Home Equity, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Peoples Home Equity, Inc. VA mortgage Trouble during payment process 1 50.0%

    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 $83,837
    The Peoples Bank 415 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $0

    For 2020, Peoples Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,873
    Net interest income $3,771
    Total noninterest income $1,591
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $81
    Trading account gains and fees $0
    Additional Noninterest Income $1,510
    Pre-tax net operating income $1,365
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,365
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,365
    Minority interest net income $0
    Net income $1,365
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,365

    Peoples Bank's gross interest income from loans was $3,873,000.
    Peoples Bank's net interest income from loans was $3,771,000.
    Peoples Bank's fee based income from loans was $81,000.
    Peoples Bank's net income from loans was $1,365,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $102
    Provision for credit losses $305
    Total noninterest expense $3,692
    Salaries and employee benefits $2,174
    Premises and equipment expense $320
    Additional noninterest expense $1,198
    Applicable income taxes $0
    Net charge-offs $-6
    Cash dividends $1,060

    Peoples Bank's interest expense for loans was $102,000.
    Peoples Bank's payroll and benefits expense were $2,174,000.
    Peoples Bank's property, plant and equipment expenses $320,000.

    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 9.0%
    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 $87,631
    Deposits held in domestic offices $87,631
    Deposits by Individuals, partnerships, and corporations $87,210
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $421
    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 $46,207
    Demand deposits $26,891
    Nontransaction accounts $41,424
    Money market deposit accounts (MMDAs) $9,354
    Other savings deposits (excluding MMDAs) $20,469
    Total time deposits $11,601
    Total time and savings deposits $60,740
    Noninterest-bearing deposits $26,891
    Interest-bearing deposits $60,740
    Retail deposits $87,100
    IRAs and Keogh plan accounts $6,445
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $100,138
    Cash & Balances due from depository institutions $16,035
    Interest-bearing balances $15,001
    Total securities $12,445
    Federal funds sold & reverse repurchase $1,790
    Net loans and leases $65,241
    Loan and leases loss allowance $1,024
    Trading account assets $0
    Bank premises and fixed assets $1,863
    Other real estate owned $0
    Goodwill and other intangibles $160
    All other assets $2,604

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $100,138
    Total Liabilities $88,180
    Total deposits $87,631
    Interest-bearing deposits $60,740
    Deposits held in domestic offices $87,631
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19
    Subordinated debt $0
    All other liabilities $530

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $65,241
    Loan and leases loss allowance $1,024
    Total loans and leases (domestic) $66,265
    All real estate loans $57,276
    Real estate loans in domestic offices $57,276
    Construction and development loans $4,845
    Residential 1-4 family construction $1,693
    Other construction, all land development and other land $3,152
    Loans secured by nonfarm nonresidential properties $31,991
    Nonfarm nonresidential secured by owner-occupied properties $10,490
    Commercial real estate & other non-farm, non-residential $21,501
    Multifamily residential real estate $4,010
    1-4 family residential loans $11,781
    Farmland loans $4,649
    Loans held in foreign offices $0
    Farm loans $1,091
    Commercial and industrial loans $6,860
    To non-U.S. addressees $0
    Loans to individuals $200
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $108
    Other loans to individuals $92
    All other loans & leases $838
    Loans to foreign governments and official institutions $0
    Other loans $2
    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 $1,433
    Non 1-4 family restructured loans & leases $1,169
    Total loans and leases (foreign) $0

    Peoples Bank had $65,241,000 of loans outstanding in 2020. $57,276,000 of loans were in real estate loans. $4,845,000 of loans were in development loans. $4,010,000 of loans were in multifamily mortgage loans. $11,781,000 of loans were in 1-4 family mortgage loans. $1,091,000 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 51 $14,657 $287,392
    Nonfarm, nonresidential loans - <$100k 6 $220 $36,667
    Nonfarm, nonresidential loans - $100-250k 18 $2,020 $112,222
    Nonfarm, nonresidential loans - $250k-1MM 27 $12,417 $459,889
    Commercial & Industrial, US addressed loans - <$1MM 28 $4,561 $162,893
    Commercial & Industrial, US addressed loans - <$100k 13 $392 $30,154
    Commercial & Industrial, US addressed loans - $100-250k 8 $861 $107,625
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $3,308 $472,571
    Farmland loans - <$1MM 7 $902 $128,857
    Farmland loans - <$100k 1 $16 $16,000
    Farmland loans - $100-250k 4 $365 $91,250
    Farmland loans - $250k-1MM 2 $521 $260,500