# Peoples Bank

> **Canonical URL:** https://saferate.com/lenders/peoples-bank-nc


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Peoples Bank is a bank, headquartered in Newton, NC, serving borrowers across 2 states, with 95 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 40% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 65% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493006HXEF6V2NZED40
- **Headquarters:** Newton, NC
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** NC, SC
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 60/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 35/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.001%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,929
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 95
- **Dollar Volume:** $43 million
- **Applications Received:** 136
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $448,474
- **Average Borrower Income:** $188,074
- **Average Property Value:** $719,211

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 40/100 | 84 | +0.001% | $1,916 | Acceptable 🙂 |
| Jumbo | 59/100 | 10 | +0.121% | $3,037 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 75 loans, Score: 40/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 41/100 | 83 | $37M | +0.006% | Sound ☺️ |
| Refinance | 21/100 | 12 | $6M | -0.039% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 93 | 0.06% | 66/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Charlotte | NC-SC | 49 | 67/100 |
| Hickory | NC | 34 | 69/100 |

## Where This Lender Ranks

Peoples Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in Hickory Banks
  - [View Full Rankings](https://saferate.com/hickory/best-mortgage-lenders/banks)
- 🏆 **#14** in Hickory for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/hickory/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Peoples Bank offer?

Peoples Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Peoples Bank offer mortgages?

Peoples Bank offers mortgages in 2 states: NC, SC.

### How competitive are Peoples Bank's mortgage rates?

Peoples Bank has a pricing score of 60/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.001% below market average.

### What type of lender is Peoples Bank?

Peoples Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Newton, NC.

### What is Peoples Bank's loan approval success rate?

Peoples Bank has a pull-through score of 35/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/peoples-bank-nc

### How to Cite

> "Peoples Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/peoples-bank-nc

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