Peoples Bank Of East Tennessee Mortgage Rates, Fees & Info

Madisonville, TN

LEI: 549300Z52CLXKDXGPH16

Tax ID: 62-1663360

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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 East Tennessee is a smaller bank specializing in Home Purchase and Refi loans. Peoples Bank Of East Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Dayton, Athens, Cleveland, and Atlanta among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peoples Bank Of East Tennessee 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.

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    Originations

    137

    Origination Dollar Volume (All Markets)

    $19,535,000

    Employee count

    85

    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
    Outside of Metro Areas 81 $11,375,000 $140,432 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 21 $3,405,000 $162,143 $0 0.00%
    Dayton, TN (FHA|USDA|VA) 4 $1,810,000 $452,500 $0 0.00%
    Athens, TN (FHA|USDA|VA) 18 $1,440,000 $80,000 $0 0.00%
    CLEVELAND, TN (FHA|USDA|VA) 10 $880,000 $88,000 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Peoples Bank Of East Tennessee's top markets include Knoxville, Dayton, Athens, Cleveland, and Atlanta among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $19,535,000 $142,591 $0 0.00%

    For 2018, Peoples Bank Of East Tennessee's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $11,720,000 $172,353 $0 0.00%
    Refi 52 $6,620,000 $127,308 $0 0.00%
    Other 10 $860,000 $86,000 $0 0.00%
    Home Improvement 7 $335,000 $47,857 $0 0.00%

    For 2018, Peoples Bank Of East Tennessee's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $19,535,000 $142,591 $0 0.00%

    For 2018, Peoples Bank Of East Tennessee's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,450,000 $52,273 $0 0.00%
    $100k-200k 44 $6,040,000 $137,273 $0 0.00%
    $200k-400k 17 $4,885,000 $287,353 $0 0.00%
    $400k-600k 8 $3,810,000 $476,250 $0 0.00%
    $600k-1MM 2 $1,350,000 $675,000 $0 0.00%

    2018 saw Peoples Bank Of East Tennessee place emphasis on $100,000 or less loans with 66 originations, totaling $3,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $3,290,000 $74,773 $0 0.00%
    $50k-75k 33 $3,935,000 $119,242 $0 0.00%
    $75k-100k 17 $2,465,000 $145,000 $0 0.00%
    $100k-150k 16 $2,460,000 $153,750 $0 0.00%
    $150k-250k 9 $2,535,000 $281,667 $0 0.00%
    $250k+ 7 $2,355,000 $336,429 $0 0.00%

    Peoples Bank Of East Tennessee lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $19,535,000 $142,591 $0 0.00%

    Peoples Bank Of East Tennessee lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $17,635,000 $136,705 $0 0.00%
    Not applicable 7 $1,745,000 $249,286 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.17%

    Peoples Bank Of East Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.32%

    Peoples Bank Of East Tennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $19,535,000 $142,591

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $235,000 $235,000
    Multifamily:Site-Built 5 $1,965,000 $393,000
    Single Family (1-4 Units):Manufactured 21 $1,165,000 $55,476
    Single Family (1-4 Units):Site-Built 110 $16,170,000 $147,000

    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 East Tennessee 1010 Highway 411 Vonore, TN 37885 Full Service B&M $13,071
    Peoples Bank of East Tennessee 105 Five Points Drive Ducktown, TN 37326 Full Service B&M $26,917
    Peoples Bank of East Tennessee 109 Blue Ridge Drive Mc Caysville, GA 30555 Full Service B&M $11,972
    Peoples Bank of East Tennessee 117 Monroe St Sweetwater, TN 37874 Full Service B&M $21,472
    Peoples Bank of East Tennessee 2270 Highway 72 North Loudon, TN 37774 Full Service B&M $10,494
    Peoples Bank of East Tennessee 4511 Ushwy 411 Madisonville, TN 37354 Full Service B&M $71,368
    Peoples Bank of East Tennessee 9 West Willson Street Niota, TN 37826 Full Service B&M $10,416
    Peoples Bank of East Tennessee 904 Tellico Street Madisonville, TN 37354 Full Service B&M $2,974
    Peoples Bank of East Tennessee 9186 New Highway 68 Tellico Plains, TN 37385 Full Service B&M $14,801

    For 2018, Peoples Bank Of East Tennessee had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,702
    Net interest income $9,134
    Total noninterest income $1,788
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $895
    Trading account gains and fees $0
    Additional Noninterest Income $893
    Pre-tax net operating income $2,949
    Securities gains (or losses, -) $-84
    Income before extraordinary items $2,351
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,351
    Minority interest net income $0
    Net income $2,351
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,419

    Peoples Bank Of East Tennessee's gross interest income from loans was $9,702,000.
    Peoples Bank Of East Tennessee's net interest income from loans was $9,134,000.
    Peoples Bank Of East Tennessee's fee based income from loans was $895,000.
    Peoples Bank Of East Tennessee's net income from loans was $2,351,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $568
    Provision for credit losses $0
    Total noninterest expense $7,973
    Salaries and employee benefits $4,549
    Premises and equipment expense $654
    Additional noninterest expense $2,770
    Applicable income taxes $514
    Net charge-offs $83
    Cash dividends $2,880

    Peoples Bank Of East Tennessee's interest expense for loans was $568,000.
    Peoples Bank Of East Tennessee's payroll and benefits expense were $4,549,000.
    Peoples Bank Of East Tennessee's property, plant and equipment expenses $654,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $190,818
    Deposits held in domestic offices $190,818
    Deposits by Individuals, partnerships, and corporations $181,148
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,669
    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 $97,675
    Demand deposits $49,221
    Nontransaction accounts $93,142
    Money market deposit accounts (MMDAs) $10,109
    Other savings deposits (excluding MMDAs) $27,050
    Total time deposits $55,982
    Total time and savings deposits $141,596
    Noninterest-bearing deposits $52,455
    Interest-bearing deposits $138,363
    Retail deposits $182,498
    IRAs and Keogh plan accounts $17,852
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $215,921
    Cash & Balances due from depository institutions $12,546
    Interest-bearing balances $6,265
    Total securities $31,316
    Federal funds sold & reverse repurchase $0
    Net loans and leases $155,724
    Loan and leases loss allowance $1,413
    Trading account assets $0
    Bank premises and fixed assets $6,966
    Other real estate owned $2,587
    Goodwill and other intangibles $161
    All other assets $6,621

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $215,921
    Total Liabilities $192,343
    Total deposits $190,818
    Interest-bearing deposits $138,363
    Deposits held in domestic offices $190,818
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,525

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $155,724
    Loan and leases loss allowance $1,413
    Total loans and leases (domestic) $157,137
    All real estate loans $138,167
    Real estate loans in domestic offices $138,167
    Construction and development loans $20,693
    Residential 1-4 family construction $9,101
    Other construction, all land development and other land $11,592
    Loans secured by nonfarm nonresidential properties $35,279
    Nonfarm nonresidential secured by owner-occupied properties $18,399
    Commercial real estate & other non-farm, non-residential $16,880
    Multifamily residential real estate $5,123
    1-4 family residential loans $74,879
    Farmland loans $2,193
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,945
    To non-U.S. addressees $0
    Loans to individuals $7,749
    Credit card loans $0
    Related Plans $269
    Consumer Auto Loans $2,096
    Other loans to individuals $5,384
    All other loans & leases $276
    Loans to foreign governments and official institutions $0
    Other loans $230
    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 $677
    Non 1-4 family restructured loans & leases $447
    Total loans and leases (foreign) $0

    Peoples Bank of East Tennessee had $155,724,000 of loans outstanding in 2018. $138,167,000 of loans were in real estate loans. $20,693,000 of loans were in development loans. $5,123,000 of loans were in multifamily mortgage loans. $74,879,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,096,000 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 157 $26,988 $171,898
    Nonfarm, nonresidential loans - <$100k 54 $628 $11,630
    Nonfarm, nonresidential loans - $100-250k 48 $6,623 $137,979
    Nonfarm, nonresidential loans - $250k-1MM 55 $19,737 $358,855
    Commercial & Industrial, US addressed loans - <$1MM 244 $7,772 $31,852
    Commercial & Industrial, US addressed loans - <$100k 218 $4,709 $21,601
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,367 $85,438
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $1,696 $169,600
    Farmland loans - <$1MM 34 $1,316 $38,706
    Farmland loans - <$100k 28 $837 $29,893
    Farmland loans - $100-250k 4 $399 $99,750
    Farmland loans - $250k-1MM 2 $80 $40,000