Peoples Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
44th11.1% deniedProcesswithdrawn + incomplete share, weight 15%
30th16.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 175 | 128 | 12.6% | 14.4% | — | $25M |
| 2024 | 171 | 124 | 12.9% | 14.9% | — | $27M |
| 2025 | 226 | 167 | 9.3% | 11.1% | — | $46M |
What Peoples Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 106 investment properties.
Who gets approved at Peoples Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 26 | 14 | 21.1% |
| $50k – $100k | 46 | 27 | 20.6% |
| $100k – $150k | 32 | 20 | 23.1% |
| $150k – $250k | 21 | 17 | 10.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 16 | 15.8% |
| 25–34 | 30 | 16 | 27.3% |
| 35–44 | 24 | 17 | 15.0% |
| 45–54 | 28 | 18 | 25.0% |
| 55–64 | 26 | 19 | 13.6% |
Where Peoples Bank lends
5 states and 20 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 193 | 143 | 9.3% | — | #104 |
| South Dakota | 18 | 15 | 11.1% | — | #107 |
| Minnesota | 8 | 5 | 12.5% | — | #484 |
| Nebraska | 6 | 3 | 0.0% | — | #289 |
Frequently asked questions
Peoples Bank denied 11.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of small mortgage lenders.
In 2025, 54% of its applications were for home purchases, 28% for refinancing (including cash-out), and 18% for home improvement or other purposes. By loan type: 97% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.