PeoplesBank

Established in 1885

About PeoplesBank

PeoplesBank was established on 1885. The bank's headquarters are located at 330 Whitney Avenue in Holyoke, Massachusetts.

PeoplesBank is an FDIC insured bank with FDIC number 90213 managing assets to the value of $3,345,747 as of 12/31/2020.

PeoplesBank has a Texas ratio of 4.30%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

4.30%
Texas Ratio
FDIC Certificate #

90213

Active Insured Since #

1/7/1985

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $3,345,747
Equity Capital $311,269
Total Deposits $2,439,391
Total Liabilities $3,034,478
Total Securities $383,321
Net Loans And Leases $2,360,754
Loan Loss Allowance $23,884
Total Loans And Leases $2,384,638
YTD (as of 12/31/2020)
Return On Assets 0.70%
Return On Equity 7.39%
Total Interest Income $104,454
Total Interest Expense $21,201
Total Non Interest Income $20,426
Total Non Interest Expense $68,000

Headquarters

330 Whitney Avenue 1040, Holyoke

PeoplesBank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $2,384,638 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

PeoplesBank Mortgage Loans Profile

Classic Bank

71.92%

Application Approval Rate

Classic Bank

$271,691

Average Mortgage Loan Amount

Classic Bank

1,143

Number of Loan Applications

Classic Bank

$114,858

Average Income of Applicants with Approved Loans

Classic Bank

1.30%

Average Cost of Loans

Classic Bank

32.34%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Hampden

Number of Loan Applications
581
Average Loan Amount
$180,227
Approval Rate
72.12%
Average Income of Approved Loans’ Applicants
$100,531

2 Hampshire

Number of Loan Applications
305
Average Loan Amount
$253,703
Approval Rate
78.36%
Average Income of Approved Loans’ Applicants
$129,833

3 Hartford

Number of Loan Applications
130
Average Loan Amount
$414,505
Approval Rate
77.69%
Average Income of Approved Loans’ Applicants
$118,140

4 Franklin

Number of Loan Applications
39
Average Loan Amount
$176,111
Approval Rate
69.23%
Average Income of Approved Loans’ Applicants
$105,500

5 Barnstable

Number of Loan Applications
37
Average Loan Amount
$252,143
Approval Rate
18.92%
Average Income of Approved Loans’ Applicants
$185,857

6 Tolland

Number of Loan Applications
12
Average Loan Amount
$220,714
Approval Rate
58.33%
Average Income of Approved Loans’ Applicants
$120,000

Top States by Number of Mortgage Loan Applications

1 Massachusetts

Number of Loan Applications
988
Average Loan Amount
$208,329
Approval Rate
71.15%
Average Income of Approved Loans’ Applicants
$113,168

2 Connecticut

Number of Loan Applications
147
Average Loan Amount
$396,351
Approval Rate
75.51%
Average Income of Approved Loans’ Applicants
$119,617

3 Maine

Number of Loan Applications
4
Average Loan Amount
$265,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$186,000

4 Rhode Island

Number of Loan Applications
2
Average Loan Amount
$13,385,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$386,000

5 Vermont

Number of Loan Applications
1
Average Loan Amount
$275,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$296,000

6 Pennsylvania

Number of Loan Applications
1
Average Loan Amount
$4,775,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$0