Peoples Bank Mortgage Rates, Fees & Info

Lebanon, KY

LEI: 549300V1L2AOAAI26J57

Tax ID: 61-0305670

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Crestview, Austin, and Elizabethtown among others. We have data for 7 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.

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

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    Originations

    120

    Origination Dollar Volume (All Markets)

    $20,250,000

    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) 105 $17,155,000 $163,381 $0 0.00%
    Bardstown, KY (FHA|USDA|VA) 8 $1,360,000 $170,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Outside of Metro Areas 2 $250,000 $125,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Peoples Bank's top markets include Louisville, Bardstown, Crestview, Austin, and Elizabethtown among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (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: 575
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 810
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 1035
    Central Bank
    Similarity Rank: 1044
    First Harrison Bank
    Similarity Rank: 1083
    TRANSCEND
    Similarity Rank: 1170
    Abound Federal Credit Union
    Similarity Rank: 1568
    Forcht Bank
    Similarity Rank: 1694
    The Paducah Bank and Trust Company
    Similarity Rank: 1809
    Independence Bank of Kentucky
    Similarity Rank: 2624

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $20,250,000 $168,750 $0 0.00%

    For 2021, Peoples Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 48 $8,120,000 $169,167 $0 0.00%
    Cash Out Refi 43 $6,645,000 $154,535 $0 0.00%
    Home Purchase 29 $5,485,000 $189,138 $0 0.00%

    For 2021, Peoples Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $20,250,000 $168,750 $0 0.00%

    For 2021, Peoples Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,770,000 $146,167 $0 0.00%
    $200k-400k 34 $9,190,000 $270,294 $0 0.00%
    $100,000 or less 25 $1,885,000 $75,400 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2021 saw Peoples Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $5,990,000 $213,929 $0 0.00%
    $50k-75k 27 $3,725,000 $137,963 $0 0.00%
    $50k or less 26 $2,880,000 $110,769 $0 0.00%
    $75k-100k 26 $4,580,000 $176,154 $0 0.00%
    $150k-250k 8 $1,740,000 $217,500 $0 0.00%
    $250k+ 4 $1,180,000 $295,000 $0 0.00%

    Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $20,250,000 $168,750 $0 0.00%

    Peoples Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $20,020,000 $169,661 $0 0.00%
    Not applicable 1 $155,000 $155,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.97%

    Peoples Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.50%

    Peoples Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $20,250,000 $168,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    120 $20,250,000 $168,750

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 30.8%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 15.4%
    PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 3 23.1%

    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 $97,348
    The Peoples Bank 415 Oakbrooke Drive Mount Washington, KY 40047 Full Service B&M $0

    For 2021, Peoples Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,738
    Net interest income $3,652
    Total noninterest income $1,230
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $83
    Trading account gains and fees $0
    Additional Noninterest Income $1,147
    Pre-tax net operating income $1,439
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,439
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,439
    Minority interest net income $0
    Net income $1,439
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,439

    Peoples Bank's gross interest income from loans was $3,738,000.
    Peoples Bank's net interest income from loans was $3,652,000.
    Peoples Bank's fee based income from loans was $83,000.
    Peoples Bank's net income from loans was $1,439,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $86
    Provision for credit losses $18
    Total noninterest expense $3,425
    Salaries and employee benefits $1,924
    Premises and equipment expense $322
    Additional noninterest expense $1,179
    Applicable income taxes $0
    Net charge-offs $229
    Cash dividends $1,200

    Peoples Bank's interest expense for loans was $86,000.
    Peoples Bank's payroll and benefits expense were $1,924,000.
    Peoples Bank's property, plant and equipment expenses $322,000.

    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 5.0%
    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 $99,206
    Deposits held in domestic offices $99,206
    Deposits by Individuals, partnerships, and corporations $99,003
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $203
    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 $55,302
    Demand deposits $33,989
    Nontransaction accounts $43,904
    Money market deposit accounts (MMDAs) $9,516
    Other savings deposits (excluding MMDAs) $23,951
    Total time deposits $10,437
    Total time and savings deposits $65,217
    Noninterest-bearing deposits $33,989
    Interest-bearing deposits $65,217
    Retail deposits $99,206
    IRAs and Keogh plan accounts $6,087
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $111,427
    Cash & Balances due from depository institutions $13,473
    Interest-bearing balances $12,328
    Total securities $33,042
    Federal funds sold & reverse repurchase $646
    Net loans and leases $58,640
    Loan and leases loss allowance $813
    Trading account assets $0
    Bank premises and fixed assets $2,973
    Other real estate owned $0
    Goodwill and other intangibles $197
    All other assets $2,456

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $111,427
    Total Liabilities $99,672
    Total deposits $99,206
    Interest-bearing deposits $65,217
    Deposits held in domestic offices $99,206
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16
    Subordinated debt $0
    All other liabilities $450

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $58,640
    Loan and leases loss allowance $813
    Total loans and leases (domestic) $59,453
    All real estate loans $52,786
    Real estate loans in domestic offices $52,786
    Construction and development loans $2,883
    Residential 1-4 family construction $1,236
    Other construction, all land development and other land $1,647
    Loans secured by nonfarm nonresidential properties $31,284
    Nonfarm nonresidential secured by owner-occupied properties $8,465
    Commercial real estate & other non-farm, non-residential $22,819
    Multifamily residential real estate $1,984
    1-4 family residential loans $11,736
    Farmland loans $4,899
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,386
    To non-U.S. addressees $0
    Loans to individuals $480
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $131
    Other loans to individuals $349
    All other loans & leases $801
    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 $998
    Non 1-4 family restructured loans & leases $776
    Total loans and leases (foreign) $0

    Peoples Bank had $58,640,000 of loans outstanding in 2021. $52,786,000 of loans were in real estate loans. $2,883,000 of loans were in development loans. $1,984,000 of loans were in multifamily mortgage loans. $11,736,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $131,000 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 62 $12,904 $208,129
    Nonfarm, nonresidential loans - <$100k 9 $470 $52,222
    Nonfarm, nonresidential loans - $100-250k 23 $1,889 $82,130
    Nonfarm, nonresidential loans - $250k-1MM 30 $10,545 $351,500
    Commercial & Industrial, US addressed loans - <$1MM 26 $4,559 $175,346
    Commercial & Industrial, US addressed loans - <$100k 10 $260 $26,000
    Commercial & Industrial, US addressed loans - $100-250k 8 $832 $104,000
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $3,467 $433,375
    Farmland loans - <$1MM 7 $695 $99,286
    Farmland loans - <$100k 2 $44 $22,000
    Farmland loans - $100-250k 4 $397 $99,250
    Farmland loans - $250k-1MM 1 $254 $254,000