PlainLender

The Peoples Bank

BILOXI, MS

The Peoples Bank processed 142 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 98 loans with a 14.1% denial rate. Home Purchase was the primary loan purpose. Based in BILOXI, MS. The approval rate of 69.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Peoples Bank's 69.0% origination rate tells you how often an application turned into funded money; the 14.1% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (142 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.

142
Applications
98
Originated
14.1%
Denial Rate
$149,648
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 142 98 20 $149,648

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The Peoples Bank (LEI: 254900AVP2JVTYYT3V92) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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 58 36 $184,310
Refinancing 57 48 $126,754
Other 25 12 $119,000
Home Improvement 2 2 $180,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 103 73.8% 12.6%
Black or African American * 12 41.7% 41.7%
Asian * 11 45.5% 18.2%
Joint * 3 66.7% 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 127 67.7% 15.8%
Joint * 2 100.0% 0.0%

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

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 The Peoples Bank vs Cadence Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The Peoples Bank process?
The Peoples Bank processed 142 mortgage applications in the 2024 HMDA reporting year. Of these, 98 were originated (approved and funded), 24 were withdrawn by the applicant, and 20 were denied.
What is The Peoples Bank's mortgage approval rate?
The Peoples Bank has an approval (origination) rate of 69.0%, meaning 69.0% of all applications resulted in a funded mortgage. The denial rate is 14.1%.
What is the average loan amount at The Peoples Bank?
The average mortgage loan amount at The Peoples Bank is $149,648.
What types of mortgage loans does The Peoples Bank offer?
The Peoples Bank processes Conventional loans. The most common type is Conventional with 142 applications and an average loan amount of $149,648.
What loan purposes does The Peoples Bank serve?
The Peoples Bank serves the following loan purposes: Home Purchase (58 applications), Refinancing (57 applications), Other (25 applications), Home Improvement (2 applications). Home Purchase is the most common purpose.
Where is The Peoples Bank located?
The Peoples Bank is headquartered in BILOXI, MS. The lender is identified by LEI 254900AVP2JVTYYT3V92 in HMDA data.
How does The Peoples Bank compare in lending across racial demographics?
The Peoples Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 73.8% and denial rate of 12.6%; Black or African American applicants have an approval rate of 41.7% and denial rate of 41.7%; Asian applicants have an approval rate of 45.5% and denial rate of 18.2%. 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.