PlainLender

Peoples Exchange Bank

Winchester, KY

Peoples Exchange Bank processed 392 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 283 loans with a 9.2% denial rate. Home Purchase was the primary loan purpose. Based in Winchester, KY. The approval rate of 72.2% 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 Exchange Bank processed 392 HMDA-reported mortgage applications in 2024, originating 283 loans and denying 36 for a denial rate of 9.2% (applicants themselves withdrew 72 files before a decision). The average loan amount was $261,480 at a 6.943% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300Q3RKNDNMSDEE10 from Winchester, KY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Exchange Bank's 72.2% origination rate tells you how often an application turned into funded money; the 9.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (308 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.

392
Applications
283
Originated
9.2%
Denial Rate
$261,480
Avg Loan Amount
Avg Interest Rate: 6.943% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 308 227 25 $271,039
FHA 58 40 8 $227,241
VA 14 11 1 $271,429
USDA 12 5 2 $170,000

Top loan types — Peoples Exchange Bank

Top loan types — Peoples Exchange Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — Peoples Exchange Bank Top 4 1. Conventional 308 2. FHA 58 3. VA 14 4. USDA 12 Top 5 loan types by application volume at Peoples Exchange 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 Exchange Bank (LEI: 549300Q3RKNDNMSDEE10) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
23
Debt-to-income ratio
9
Insufficient cash
4
Unverifiable information
3
Other
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 292 214 $277,945
Refinancing 66 47 $240,909
Cash-out Refinancing 24 13 $160,833
Home Improvement 10 9 $158,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 280 69.6% 10.7%
Black or African American 8 62.5% 12.5%
Asian 7 57.1% 14.3%
Joint 5 60.0% 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 284 70.4% 10.9%
Hispanic or Latino 9 100.0% 0.0%
Joint 3 33.3% 33.3%

Nearby Lenders in KY

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

STOCKTON MORTGAGE CORPORATION

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

FARM CREDIT MID-AMERICA, ACA

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

MAGNOLIA BANK

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

REPUBLIC BANK & TRUST

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare Peoples Exchange Bank vs STOCKTON MORTGAGE CORPORATION →

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

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Frequently Asked Questions

How many mortgage applications did Peoples Exchange Bank process?
Peoples Exchange Bank processed 392 mortgage applications in the 2023 HMDA reporting year. Of these, 283 were originated (approved and funded), 72 were withdrawn by the applicant, and 36 were denied.
What is Peoples Exchange Bank's mortgage approval rate?
Peoples Exchange Bank has an approval (origination) rate of 72.2%, meaning 72.2% of all applications resulted in a funded mortgage. The denial rate is 9.2%.
What is the average loan amount at Peoples Exchange Bank?
The average mortgage loan amount at Peoples Exchange Bank is $261,480. The average interest rate is 6.943%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Peoples Exchange Bank?
The most common reasons for mortgage denial at Peoples Exchange Bank are: Credit history, Debt-to-income ratio, Insufficient cash. In total, 36 applications were denied out of 392 total applications.
What types of mortgage loans does Peoples Exchange Bank offer?
Peoples Exchange Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 308 applications and an average loan amount of $271,039.
What loan purposes does Peoples Exchange Bank serve?
Peoples Exchange Bank serves the following loan purposes: Home Purchase (292 applications), Refinancing (66 applications), Cash-out Refinancing (24 applications), Home Improvement (10 applications). Home Purchase is the most common purpose.
Where is Peoples Exchange Bank located?
Peoples Exchange Bank is headquartered in Winchester, KY. The lender is identified by LEI 549300Q3RKNDNMSDEE10 in HMDA data.
How does Peoples Exchange Bank compare in lending across racial demographics?
Peoples Exchange Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.6% and denial rate of 10.7%; Black or African American applicants have an approval rate of 62.5% and denial rate of 12.5%; Asian applicants have an approval rate of 57.1% and denial rate of 14.3%. 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.