Peoples Bank Of Kankakee County Mortgage Rates, Fees & Info

Bourbonnais, IL

LEI: 549300WXIUJ8ZTV7X921

Tax ID: 36-2484148

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Mortgage Data

Bank Data

Review & Overview

Peoples Bank Of Kankakee County is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank Of Kankakee County has a high proportion of conventional loans. Their top markets by origination volume include: Kankakee, Chicago, Warsaw, Champaign, and Ottawa among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peoples Bank Of Kankakee County 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

175

Origination Dollar Volume (All Markets)

$25,545,000

Employee count

54

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) 152 $21,130,000 $139,013 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,895,000 $263,182 $0 0.00%
Outside of Metro Areas 9 $865,000 $96,111 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Peoples Bank Of Kankakee County's top markets include Kankakee, Chicago, Warsaw, Champaign, and Ottawa among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $25,545,000 $145,971 $0 0.00%

    For 2019, Peoples Bank Of Kankakee County's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $16,985,000 $150,310 $0 0.00%
    Refi 34 $5,480,000 $161,176 $0 0.00%
    Cash Out Refi 17 $2,395,000 $140,882 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%
    Other 5 $385,000 $77,000 $0 0.00%

    For 2019, Peoples Bank Of Kankakee County's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $25,545,000 $145,971 $0 0.00%

    For 2019, Peoples Bank Of Kankakee County's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 82 $12,070,000 $147,195 $0 0.00%
    $100,000 or less 59 $3,765,000 $63,814 $0 0.00%
    $200k-400k 29 $7,395,000 $255,000 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%

    2019 saw Peoples Bank Of Kankakee County place emphasis on $100k-200k loans with 82 originations, totaling $12,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $5,540,000 $120,435 $0 0.00%
    $75k-100k 33 $4,595,000 $139,242 $0 0.00%
    $100k-150k 31 $5,415,000 $174,677 $0 0.00%
    $50k or less 30 $2,610,000 $87,000 $0 0.00%
    $150k-250k 23 $4,735,000 $205,870 $0 0.00%
    $250k+ 2 $590,000 $295,000 $0 0.00%

    Peoples Bank Of Kankakee County lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $25,545,000 $145,971 $0 0.00%

    Peoples Bank Of Kankakee County lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 150 $21,720,000 $144,800 $0 0.00%
    Not provided 12 $2,000,000 $166,667 $0 0.00%
    Not applicable 6 $1,160,000 $193,333 $0 0.00%
    Black 5 $375,000 $75,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%
    Asian Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.54%

    Peoples Bank Of Kankakee County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.43%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $25,545,000 $145,971

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,405,000 $281,000
    Single Family (1-4 Units):Site-Built 170 $24,140,000 $142,000

    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)
    Peoples Bank of Kankakee County 315 Main Street, N.W. Bourbonnais, IL 60914 Full Service B&M $93,642
    Peoples Bank of Kankakee County 333 East Court Street Kankakee, IL 60901 Full Service B&M $65,344

    For 2019, Peoples Bank Of Kankakee County had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,708
    Net interest income $5,937
    Total noninterest income $1,807
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $393
    Trading account gains and fees $0
    Additional Noninterest Income $1,414
    Pre-tax net operating income $1,957
    Securities gains (or losses, -) $13
    Income before extraordinary items $1,970
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,970
    Minority interest net income $0
    Net income $1,970
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,957

    Peoples Bank Of Kankakee County's gross interest income from loans was $6,708,000.
    Peoples Bank Of Kankakee County's net interest income from loans was $5,937,000.
    Peoples Bank Of Kankakee County's fee based income from loans was $393,000.
    Peoples Bank Of Kankakee County's net income from loans was $1,970,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $771
    Provision for credit losses $0
    Total noninterest expense $5,787
    Salaries and employee benefits $3,371
    Premises and equipment expense $786
    Additional noninterest expense $1,630
    Applicable income taxes $0
    Net charge-offs $3
    Cash dividends $1,500

    Peoples Bank Of Kankakee County's interest expense for loans was $771,000.
    Peoples Bank Of Kankakee County's payroll and benefits expense were $3,371,000.
    Peoples Bank Of Kankakee County's property, plant and equipment expenses $786,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $183,729
    Deposits held in domestic offices $183,729
    Deposits by Individuals, partnerships, and corporations $176,335
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,886
    Deposits by Commercial banks and other depository institutions in U.S. $508
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $91,302
    Demand deposits $21,650
    Nontransaction accounts $92,427
    Money market deposit accounts (MMDAs) $15,049
    Other savings deposits (excluding MMDAs) $39,170
    Total time deposits $38,209
    Total time and savings deposits $162,079
    Noninterest-bearing deposits $21,926
    Interest-bearing deposits $161,803
    Retail deposits $177,497
    IRAs and Keogh plan accounts $3,199
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $230,427
    Cash & Balances due from depository institutions $19,983
    Interest-bearing balances $11,951
    Total securities $93,508
    Federal funds sold & reverse repurchase $0
    Net loans and leases $108,250
    Loan and leases loss allowance $916
    Trading account assets $0
    Bank premises and fixed assets $3,076
    Other real estate owned $0
    Goodwill and other intangibles $1,143
    All other assets $4,467

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $230,427
    Total Liabilities $212,487
    Total deposits $183,729
    Interest-bearing deposits $161,803
    Deposits held in domestic offices $183,729
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $24,693
    Trading liabilities $0
    Other borrowed funds $3,590
    Subordinated debt $0
    All other liabilities $475

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $108,250
    Loan and leases loss allowance $916
    Total loans and leases (domestic) $109,166
    All real estate loans $85,549
    Real estate loans in domestic offices $85,549
    Construction and development loans $667
    Residential 1-4 family construction $667
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $41,799
    Nonfarm nonresidential secured by owner-occupied properties $17,273
    Commercial real estate & other non-farm, non-residential $24,526
    Multifamily residential real estate $6,569
    1-4 family residential loans $32,337
    Farmland loans $4,177
    Loans held in foreign offices $0
    Farm loans $1,662
    Commercial and industrial loans $12,935
    To non-U.S. addressees $0
    Loans to individuals $6,880
    Credit card loans $0
    Related Plans $3,928
    Consumer Auto Loans $2,042
    Other loans to individuals $910
    All other loans & leases $2,140
    Loans to foreign governments and official institutions $0
    Other loans $239
    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 $841
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Peoples Bank of Kankakee County had $108,250,000 of loans outstanding in 2019. $85,549,000 of loans were in real estate loans. $667,000 of loans were in development loans. $6,569,000 of loans were in multifamily mortgage loans. $32,337,000 of loans were in 1-4 family mortgage loans. $1,662,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,042,000 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 78 $15,631 $200,397
    Nonfarm, nonresidential loans - <$100k 27 $1,157 $42,852
    Nonfarm, nonresidential loans - $100-250k 26 $3,096 $119,077
    Nonfarm, nonresidential loans - $250k-1MM 25 $11,378 $455,120
    Commercial & Industrial, US addressed loans - <$1MM 66 $7,169 $108,621
    Commercial & Industrial, US addressed loans - <$100k 37 $1,150 $31,081
    Commercial & Industrial, US addressed loans - $100-250k 17 $1,879 $110,529
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $4,140 $345,000
    Farmland loans - <$1MM 4 $173 $43,250
    Farmland loans - <$100k 1 $25 $25,000
    Farmland loans - $100-250k 2 $138 $69,000
    Farmland loans - $250k-1MM 1 $10 $10,000
    Agriculture operations loans - <$1MM 2 $527 $263,500
    Agriculture operations loans - $100-250k 1 $189 $189,000
    Agriculture operations loans - $250k-1MM 1 $338 $338,000