Peoples Bank Of Kankakee County Mortgage Rates, Fees & Info

Bourbonnais, IL

LEI: 549300WXIUJ8ZTV7X921

Tax ID: 36-2484148

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Of Kankakee County is a smaller bank specializing in Home Purchase loans. Peoples Bank Of Kankakee County has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, Chicago, Holland, Tucson, and Cape Coral among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank Of Kankakee County has an 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

    124

    Origination Dollar Volume (All Markets)

    $16,720,000

    Employee count

    45

    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
    KANKAKEE, IL (FHA|USDA|VA) 97 $12,805,000 $132,010 $0 0.00%
    Outside of Metro Areas 17 $1,905,000 $112,059 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,290,000 $215,000 $0 0.00%
    Holland, MI (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Peoples Bank Of Kankakee County's top markets include Kankakee, Chicago, Holland, Tucson, and Cape Coral among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $16,720,000 $134,839 $0 0.00%

    For 2018, Peoples Bank Of Kankakee County's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 100 $13,690,000 $136,900 $0 0.00%
    Refi 14 $1,770,000 $126,429 $0 0.00%
    Cash Out Refi 6 $840,000 $140,000 $0 0.00%
    Other 4 $420,000 $105,000 $0 0.00%

    For 2018, Peoples Bank Of Kankakee County's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $16,720,000 $134,839 $0 0.00%

    For 2018, Peoples Bank Of Kankakee County's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 53 $7,395,000 $139,528 $0 0.00%
    $100,000 or less 47 $2,915,000 $62,021 $0 0.00%
    $200k-400k 22 $5,590,000 $254,091 $0 0.00%
    $400k-600k 2 $820,000 $410,000 $0 0.00%

    2018 saw Peoples Bank Of Kankakee County place emphasis on $100k-200k loans with 53 originations, totaling $7,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $2,715,000 $77,571 $0 0.00%
    $50k-75k 31 $3,535,000 $114,032 $0 0.00%
    $75k-100k 21 $3,085,000 $146,905 $0 0.00%
    $100k-150k 20 $4,040,000 $202,000 $0 0.00%
    $150k-250k 7 $1,235,000 $176,429 $0 0.00%
    $250k+ 2 $700,000 $350,000 $0 0.00%

    Peoples Bank Of Kankakee County lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $16,720,000 $134,839 $0 0.00%

    Peoples Bank Of Kankakee County lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $14,615,000 $136,589 $0 0.00%
    Not applicable 6 $900,000 $150,000 $0 0.00%
    Not provided 6 $620,000 $103,333 $0 0.00%
    Black 3 $375,000 $125,000 $0 0.00%
    American Indian 2 $210,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.29%

    Peoples Bank Of Kankakee County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.23%

    Peoples Bank Of Kankakee County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $16,720,000 $134,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $885,000 $295,000
    Single Family (1-4 Units):Site-Built 121 $15,835,000 $130,868

    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)
    Peoples Bank of Kankakee County 315 Main Street, N.W. Bourbonnais, IL 60914 Full Service B&M $107,433
    Peoples Bank of Kankakee County 333 East Court Street Kankakee, IL 60901 Full Service B&M $60,998

    For 2018, Peoples Bank Of Kankakee County had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,341
    Net interest income $5,863
    Total noninterest income $1,624
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $309
    Trading account gains and fees $0
    Additional Noninterest Income $1,315
    Pre-tax net operating income $2,040
    Securities gains (or losses, -) $-30
    Income before extraordinary items $2,010
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,010
    Minority interest net income $0
    Net income $2,010
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,040

    Peoples Bank Of Kankakee County's gross interest income from loans was $6,341,000.
    Peoples Bank Of Kankakee County's net interest income from loans was $5,863,000.
    Peoples Bank Of Kankakee County's fee based income from loans was $309,000.
    Peoples Bank Of Kankakee County's net income from loans was $2,010,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $478
    Provision for credit losses $7
    Total noninterest expense $5,440
    Salaries and employee benefits $2,979
    Premises and equipment expense $733
    Additional noninterest expense $1,728
    Applicable income taxes $0
    Net charge-offs $0
    Cash dividends $1,500

    Peoples Bank Of Kankakee County's interest expense for loans was $478,000.
    Peoples Bank Of Kankakee County's payroll and benefits expense were $2,979,000.
    Peoples Bank Of Kankakee County's property, plant and equipment expenses $733,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 7.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $166,490
    Deposits held in domestic offices $166,490
    Deposits by Individuals, partnerships, and corporations $162,376
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,174
    Deposits by Commercial banks and other depository institutions in U.S. $939
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $90,037
    Demand deposits $25,584
    Nontransaction accounts $76,452
    Money market deposit accounts (MMDAs) $15,210
    Other savings deposits (excluding MMDAs) $36,108
    Total time deposits $25,136
    Total time and savings deposits $140,905
    Noninterest-bearing deposits $25,678
    Interest-bearing deposits $140,812
    Retail deposits $162,611
    IRAs and Keogh plan accounts $3,265
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $201,668
    Cash & Balances due from depository institutions $16,302
    Interest-bearing balances $14,635
    Total securities $77,610
    Federal funds sold & reverse repurchase $0
    Net loans and leases $99,929
    Loan and leases loss allowance $919
    Trading account assets $0
    Bank premises and fixed assets $2,480
    Other real estate owned $0
    Goodwill and other intangibles $1,152
    All other assets $4,195

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $201,668
    Total Liabilities $186,245
    Total deposits $166,490
    Interest-bearing deposits $140,812
    Deposits held in domestic offices $166,490
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $19,311
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $444

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $99,929
    Loan and leases loss allowance $919
    Total loans and leases (domestic) $100,848
    All real estate loans $76,892
    Real estate loans in domestic offices $76,892
    Construction and development loans $392
    Residential 1-4 family construction $363
    Other construction, all land development and other land $29
    Loans secured by nonfarm nonresidential properties $33,161
    Nonfarm nonresidential secured by owner-occupied properties $17,365
    Commercial real estate & other non-farm, non-residential $15,796
    Multifamily residential real estate $5,942
    1-4 family residential loans $32,929
    Farmland loans $4,468
    Loans held in foreign offices $0
    Farm loans $1,894
    Commercial and industrial loans $14,926
    To non-U.S. addressees $0
    Loans to individuals $4,621
    Credit card loans $0
    Related Plans $1,086
    Consumer Auto Loans $2,367
    Other loans to individuals $1,168
    All other loans & leases $2,515
    Loans to foreign governments and official institutions $0
    Other loans $248
    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 $980
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Peoples Bank of Kankakee County had $99,929,000 of loans outstanding in 2018. $76,892,000 of loans were in real estate loans. $392,000 of loans were in development loans. $5,942,000 of loans were in multifamily mortgage loans. $32,929,000 of loans were in 1-4 family mortgage loans. $1,894,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,367,000 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 82 $13,035 $158,963
    Nonfarm, nonresidential loans - <$100k 32 $1,276 $39,875
    Nonfarm, nonresidential loans - $100-250k 30 $3,376 $112,533
    Nonfarm, nonresidential loans - $250k-1MM 20 $8,383 $419,150
    Commercial & Industrial, US addressed loans - <$1MM 58 $7,514 $129,552
    Commercial & Industrial, US addressed loans - <$100k 36 $1,183 $32,861
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,952 $162,667
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $4,379 $437,900
    Farmland loans - <$1MM 6 $385 $64,167
    Farmland loans - <$100k 3 $74 $24,667
    Farmland loans - $100-250k 2 $191 $95,500
    Farmland loans - $250k-1MM 1 $120 $120,000
    Agriculture operations loans - <$1MM 1 $226 $226,000
    Agriculture operations loans - $100-250k 1 $226 $226,000