Peoples Bank Of Kankakee County Mortgage Rates, Fees & Info

Bourbonnais, IL

LEI: 549300WXIUJ8ZTV7X921

Tax ID: 36-2484148

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Raleigh, Chattanooga, and Knoxville among others. We have data for 16 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

296

Origination Dollar Volume (All Markets)

$51,540,000

Employee count

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)	260	$44,940,000	$172,846	$0	0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	11	$2,595,000	$235,909	$0	0.00%
Outside of Metro Areas	12	$1,410,000	$117,500	$0	0.00%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	0.00%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
TUCSON, AZ (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
Effingham, IL (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
PEORIA, IL (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	0.00%
Pontiac, IL (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
MICHIGAN CITY-LA PORTE, IN (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%

Peoples Bank Of Kankakee County's top markets include Kankakee, Chicago, Raleigh, Chattanooga, and Knoxville among others.

Their top states include:

Illinois (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	296	$51,540,000	$174,122	$0	0.00%

For 2021, Peoples Bank Of Kankakee County's most frequently originated type of loan was Conventional, with 296 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	134	$25,300,000	$188,806	$0	0.00%
Refi	111	$19,085,000	$171,937	$0	0.00%
Cash Out Refi	44	$6,200,000	$140,909	$0	0.00%
Other	4	$770,000	$192,500	$0	0.00%
Home Improvement	3	$185,000	$61,667	$0	0.00%

For 2021, Peoples Bank Of Kankakee County's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 111 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	296	$51,540,000	$174,122	$0	0.00%

For 2021, Peoples Bank Of Kankakee County's most frequently cited loan duration was Other, with 296 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	143	$20,965,000	$146,608	$0	0.00%
$100,000 or less	75	$5,385,000	$71,800	$0	0.00%
$200k-400k	67	$16,585,000	$247,537	$0	0.00%
$400k-600k	8	$3,990,000	$498,750	$0	0.00%
$1MM+	2	$3,620,000	$1,810,000	$0	0.00%
$600k-1MM	1	$995,000	$995,000	$0	0.00%

2021 saw Peoples Bank Of Kankakee County place emphasis on $100k-200k loans with 143 originations, totaling $20,965,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	79	$10,765,000	$136,266	$0	0.00%
$100k-150k	75	$12,845,000	$171,267	$0	0.00%
$75k-100k	45	$6,705,000	$149,000	$0	0.00%
$50k or less	39	$3,485,000	$89,359	$0	0.00%
$150k-250k	32	$7,180,000	$224,375	$0	0.00%
$250k+	10	$2,360,000	$236,000	$0	0.00%

Peoples Bank Of Kankakee County lent most frequently to those with incomes in the $50k-75k range, with 79 originations. The second most popular income band? $100k-150k, with 75 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	296	$51,540,000	$174,122	$0	0.00%

Peoples Bank Of Kankakee County lent most frequently to those with DTI ratios of Exempt%, with 296 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	250	$42,860,000	$171,440	$0	0.00%
Not applicable	13	$4,665,000	$358,846	$0	0.00%
Not provided	21	$2,565,000	$122,143	$0	0.00%
Black	6	$690,000	$115,000	$0	0.00%
Asian	3	$385,000	$128,333	$0	0.00%
Filipino	1	$245,000	$245,000	$0	0.00%
Other Asian	1	$85,000	$85,000	$0	0.00%
American Indian	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.91%

Peoples Bank Of Kankakee County has an average approval rate.

Pick Rate

Approvals leading to origination
83.45%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	296	$51,540,000	$174,122

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	296	$51,540,000	$174,122

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)
Peoples Bank of Kankakee County	198 South Creek Drive Manteno, IL 60950	Full Service B&M	$16,189
Peoples Bank of Kankakee County	315 Main Street, N.W. Bourbonnais, IL 60914	Full Service B&M	$127,672
Peoples Bank of Kankakee County	333 East Court Street Kankakee, IL 60901	Full Service B&M	$106,766

For 2021, Peoples Bank Of Kankakee County had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,247
Net interest income	$6,662
Total noninterest income	$3,618
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$890
Trading account gains and fees	$0
Additional Noninterest Income	$2,728
Pre-tax net operating income	$3,063
Securities gains (or losses, -)	$107
Income before extraordinary items	$3,170
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,170
Minority interest net income	$0
Net income	$3,170
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,063

Peoples Bank Of Kankakee County's gross interest income from loans was $7,247,000.
Peoples Bank Of Kankakee County's net interest income from loans was $6,662,000.
Peoples Bank Of Kankakee County's fee based income from loans was $890,000.
Peoples Bank Of Kankakee County's net income from loans was $3,170,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$585
Provision for credit losses	$13
Total noninterest expense	$7,204
Salaries and employee benefits	$4,158
Premises and equipment expense	$1,178
Additional noninterest expense	$1,868
Applicable income taxes	$0
Net charge-offs	$0
Cash dividends	$1,658

Peoples Bank Of Kankakee County's interest expense for loans was $585,000.
Peoples Bank Of Kankakee County's payroll and benefits expense were $4,158,000.
Peoples Bank Of Kankakee County's property, plant and equipment expenses $1,178,000.

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	$275,652
Deposits held in domestic offices	$275,652
Deposits by Individuals, partnerships, and corporations	$265,168
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$9,553
Deposits by Commercial banks and other depository institutions in U.S.	$931
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$139,631
Demand deposits	$25,653
Nontransaction accounts	$136,021
Money market deposit accounts (MMDAs)	$20,604
Other savings deposits (excluding MMDAs)	$68,624
Total time deposits	$46,795
Total time and savings deposits	$249,999
Noninterest-bearing deposits	$25,653
Interest-bearing deposits	$249,999
Retail deposits	$269,114
IRAs and Keogh plan accounts	$3,400
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$338,174
Cash & Balances due from depository institutions	$53,132
Interest-bearing balances	$32,040
Total securities	$138,723
Federal funds sold & reverse repurchase	$0
Net loans and leases	$129,713
Loan and leases loss allowance	$1,627
Trading account assets	$0
Bank premises and fixed assets	$5,796
Other real estate owned	$0
Goodwill and other intangibles	$1,264
All other assets	$9,546

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$338,174
Total Liabilities	$315,626
Total deposits	$275,652
Interest-bearing deposits	$249,999
Deposits held in domestic offices	$275,652
% insured (estimated)	$83
Federal funds purchased and repurchase agreements	$34,322
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$652

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$129,713
Loan and leases loss allowance	$1,627
Total loans and leases (domestic)	$131,340
All real estate loans	$101,869
Real estate loans in domestic offices	$101,869
Construction and development loans	$1,849
Residential 1-4 family construction	$645
Other construction, all land development and other land	$1,204
Loans secured by nonfarm nonresidential properties	$52,951
Nonfarm nonresidential secured by owner-occupied properties	$14,440
Commercial real estate & other non-farm, non-residential	$38,511
Multifamily residential real estate	$11,036
1-4 family residential loans	$31,814
Farmland loans	$4,219
Loans held in foreign offices	$0
Farm loans	$1,073
Commercial and industrial loans	$15,729
To non-U.S. addressees	$0
Loans to individuals	$10,594
Credit card loans	$0
Related Plans	$8,769
Consumer Auto Loans	$1,315
Other loans to individuals	$510
All other loans & leases	$2,203
Loans to foreign governments and official institutions	$0
Other loans	$710
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	$247
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Peoples Bank of Kankakee County had $129,713,000 of loans outstanding in 2021. $101,869,000 of loans were in real estate loans. $1,849,000 of loans were in development loans. $11,036,000 of loans were in multifamily mortgage loans. $31,814,000 of loans were in 1-4 family mortgage loans. $1,073,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,315,000 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	90	$19,444	$216,044
Nonfarm, nonresidential loans - <$100k	32	$1,293	$40,406
Nonfarm, nonresidential loans - $100-250k	26	$3,073	$118,192
Nonfarm, nonresidential loans - $250k-1MM	32	$15,078	$471,188
Commercial & Industrial, US addressed loans - <$1MM	80	$13,873	$173,413
Commercial & Industrial, US addressed loans - <$100k	37	$1,019	$27,541
Commercial & Industrial, US addressed loans - $100-250k	19	$2,960	$155,789
Commercial & Industrial, US addressed loans - $250k-1MM	24	$9,894	$412,250
Farmland loans - <$1MM	2	$87	$43,500
Farmland loans - <$100k	2	$87	$43,500
Agriculture operations loans - <$1MM	2	$282	$141,000
Agriculture operations loans - $100-250k	2	$282	$141,000