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PEOPLES BANK

MENDENHALL, MS

PEOPLES BANK processed 544 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 361 loans with a 11.9% denial rate. Home Purchase was the primary loan purpose. Based in MENDENHALL, MS. The approval rate of 66.4% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. PEOPLES BANK processed 544 HMDA-reported mortgage applications in 2024, originating 361 loans and denying 65 for a denial rate of 11.9% (applicants themselves withdrew 105 files before a decision). The average loan amount was $238,070. The lender reports under LEI 54930032OCUOR526IR93 from MENDENHALL, MS.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. PEOPLES BANK's 66.4% origination rate tells you how often an application turned into funded money; the 11.9% denial rate is a separate read on underwriting strictness. Most activity concentrated in FHA loans (347 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

544
Applications
361
Originated
11.9%
Denial Rate
$238,070
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 347 226 49 $267,911
Conventional 143 100 13 $159,476
VA 38 27 0 $287,632
USDA 16 8 3 $175,625

Top loan types — PEOPLES BANK

Top loan types — PEOPLES BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — PEOPLES BANK Top 4 1. FHA 347 2. Conventional 143 3. VA 38 4. USDA 16 Top 5 loan types by application volume at PEOPLES BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for PEOPLES BANK (LEI: 54930032OCUOR526IR93) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 251 174 $265,757
Cash-out Refinancing 195 122 $246,333
Refinancing 60 45 $206,333
Other 21 8 $61,190
Home Improvement 17 12 $65,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 341 71.0% 8.5%
Black or African American 123 51.2% 19.5%
Joint 11 81.8% 0.0%
Asian 6 50.0% 16.7%
American Indian or Alaska Native 5 60.0% 0.0%
Native Hawaiian or Other Pacific Islander 3 33.3% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 457 66.1% 11.4%
Hispanic or Latino 23 73.9% 8.7%
Joint 15 33.3% 33.3%

Nearby Lenders in MS

Other HMDA-reporting lenders in MS with similar activity. Compare any two side-by-side.

Cadence Bank

Tupelo, MS

19,150 apps 12,823 originated 18.2% denied

TRUSTMARK NATIONAL BANK

JACKSON, MS

11,550 apps 8,088 originated 12.3% denied

HANCOCK WHITNEY BANK

GULFPORT, MS

5,857 apps 3,192 originated 20.9% denied

Community Bank of Mississippi

Flowood, MS

4,507 apps 3,490 originated 7.3% denied

BANKPLUS

RIDGELAND, MS

3,698 apps 2,745 originated 10.7% denied
Compare PEOPLES BANK vs Cadence Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did PEOPLES BANK process?
PEOPLES BANK processed 544 mortgage applications in the 2023 HMDA reporting year. Of these, 361 were originated (approved and funded), 105 were withdrawn by the applicant, and 65 were denied.
What is PEOPLES BANK's mortgage approval rate?
PEOPLES BANK has an approval (origination) rate of 66.4%, meaning 66.4% of all applications resulted in a funded mortgage. The denial rate is 11.9%.
What is the average loan amount at PEOPLES BANK?
The average mortgage loan amount at PEOPLES BANK is $238,070.
What types of mortgage loans does PEOPLES BANK offer?
PEOPLES BANK processes FHA, Conventional, VA, USDA loans. The most common type is FHA with 347 applications and an average loan amount of $267,911.
What loan purposes does PEOPLES BANK serve?
PEOPLES BANK serves the following loan purposes: Home Purchase (251 applications), Cash-out Refinancing (195 applications), Refinancing (60 applications), Other (21 applications), Home Improvement (17 applications). Home Purchase is the most common purpose.
Where is PEOPLES BANK located?
PEOPLES BANK is headquartered in MENDENHALL, MS. The lender is identified by LEI 54930032OCUOR526IR93 in HMDA data.
How does PEOPLES BANK compare in lending across racial demographics?
PEOPLES BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.0% and denial rate of 8.5%; Black or African American applicants have an approval rate of 51.2% and denial rate of 19.5%; Joint applicants have an approval rate of 81.8% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.