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Peoples Security Bank and Trust Company

Dunmore, PA

Peoples Security Bank and Trust Company processed 1,158 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 792 loans with a 20.7% denial rate. Home Improvement was the primary loan purpose. Based in Dunmore, PA. The approval rate of 68.4% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Security Bank and Trust Company's 68.4% origination rate tells you how often an application turned into funded money; the 20.7% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,155 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.

1,158
Applications
792
Originated
20.7%
Denial Rate
$178,826
Avg Loan Amount
Avg Interest Rate: 4.854% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,155 792 239 $178,957
FHA 3 0 1 $128,333

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Peoples Security Bank and Trust Company (LEI: 549300PJX0ZHPQ614C72) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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
140
Debt-to-income ratio
111
Other
18
Collateral
18
Employment history
10
Unverifiable information
6
Mortgage insurance denied
3
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 420 271 $117,595
Home Purchase 333 253 $292,357
Other 202 129 $97,525
Refinancing 196 135 $201,429
Cash-out Refinancing 7 4 $165,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 874 67.6% 21.9%
Black or African American * 35 48.6% 45.7%
Asian * 21 81.0% 19.1%
Joint * 10 60.0% 20.0%
Native Hawaiian or Other Pacific Islander * 3 33.3% 33.3%
American Indian or Alaska Native * 2 50.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 865 68.8% 21.2%
Hispanic or Latino 76 50.0% 36.8%
Joint * 12 66.7% 25.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in PA

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

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Peoples Security Bank and Trust Company vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Peoples Security Bank and Trust Company process?
Peoples Security Bank and Trust Company processed 1,158 mortgage applications in the 2024 HMDA reporting year. Of these, 792 were originated (approved and funded), 76 were withdrawn by the applicant, and 240 were denied.
What is Peoples Security Bank and Trust Company's mortgage approval rate?
Peoples Security Bank and Trust Company has an approval (origination) rate of 68.4%, meaning 68.4% of all applications resulted in a funded mortgage. The denial rate is 20.7%.
What is the average loan amount at Peoples Security Bank and Trust Company?
The average mortgage loan amount at Peoples Security Bank and Trust Company is $178,826. The average interest rate is 4.854%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Peoples Security Bank and Trust Company?
The most common reasons for mortgage denial at Peoples Security Bank and Trust Company are: Credit history, Debt-to-income ratio, Other. In total, 240 applications were denied out of 1,158 total applications.
What types of mortgage loans does Peoples Security Bank and Trust Company offer?
Peoples Security Bank and Trust Company processes Conventional, FHA loans. The most common type is Conventional with 1,155 applications and an average loan amount of $178,957.
What loan purposes does Peoples Security Bank and Trust Company serve?
Peoples Security Bank and Trust Company serves the following loan purposes: Home Improvement (420 applications), Home Purchase (333 applications), Other (202 applications), Refinancing (196 applications), Cash-out Refinancing (7 applications). Home Improvement is the most common purpose.
Where is Peoples Security Bank and Trust Company located?
Peoples Security Bank and Trust Company is headquartered in Dunmore, PA. The lender is identified by LEI 549300PJX0ZHPQ614C72 in HMDA data.
How does Peoples Security Bank and Trust Company compare in lending across racial demographics?
Peoples Security Bank and Trust Company reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.6% and denial rate of 21.9%; Black or African American applicants have an approval rate of 48.6% and denial rate of 45.7%; Asian applicants have an approval rate of 81.0% and denial rate of 19.1%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.