Peoples State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
43rd11.4% deniedPricingmedian rate spread over APOR, weight 30%
65th0.16 ptsProcesswithdrawn + incomplete share, weight 15%
56th10.5%Closing coststotal loan costs ÷ loan amount, weight 10%
75th1.27% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 555 | 449 | 6.9% | 7.3% | 6.95% | $114M |
| 2024 | 474 | 344 | 10.8% | 11.5% | 7.13% | $100M |
| 2025 | 392 | 276 | 10.2% | 11.4% | 6.95% | $77M |
What Peoples State 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, 7 manufactured homes, 120 investment properties.
Why Peoples State Bank denies applications
Primary reason reported for each of the 40 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Peoples State 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 | 16 | 22.7% |
| $50k – $100k | 116 | 78 | 17.0% |
| $100k – $150k | 59 | 40 | 14.0% |
| $150k – $250k | 45 | 31 | 4.8% |
| Over $250k | 30 | 24 | 3.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 18 | 9.1% |
| 25–34 | 63 | 42 | 7.7% |
| 35–44 | 53 | 34 | 15.2% |
| 45–54 | 66 | 44 | 13.8% |
| 55–64 | 55 | 37 | 20.8% |
| 65–74 | 28 | 19 | 12.5% |
Where Peoples State Bank lends
7 states and 45 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Peoples State Bank denied 11.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 43rd percentile of small mortgage lenders.
The most common reason Peoples State Bank gave in 2025 was "debt-to-income ratio", cited on 37.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Peoples State Bank originated in 2025 was 6.95%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 65% of its applications were for home purchases, 31% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 100% 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.