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The Peoples Bank

Taylorsville, KY

The Peoples Bank processed 78 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 66 loans with a 6.4% denial rate. Home Purchase was the primary loan purpose. Based in Taylorsville, KY. The approval rate of 84.6% 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. The Peoples Bank processed 78 HMDA-reported mortgage applications in 2024, originating 66 loans and denying 5 for a denial rate of 6.4% (applicants themselves withdrew 1 files before a decision). The average loan amount was $207,692 at a 7.983% average note rate, and applicants self-reported an average income of $31,000. The lender reports under LEI 549300SUOO1RFWRM7N78 from Taylorsville, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Peoples Bank's 84.6% origination rate tells you how often an application turned into funded money; the 6.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (78 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.

78
Applications
66
Originated
6.4%
Denial Rate
$207,692
Avg Loan Amount
Avg Interest Rate: 7.983% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 78 66 5 $207,692

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for The Peoples Bank (LEI: 549300SUOO1RFWRM7N78) · 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

Other
3
Debt-to-income ratio
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 41 33 $235,732
Refinancing 20 18 $256,000
Other 10 9 $97,000
Home Improvement 7 6 $63,571

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 68 85.3% 5.9%
Black or African American 3 100.0% 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 69 85.5% 5.8%
Hispanic or Latino 2 100.0% 0.0%

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 The Peoples 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

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Frequently Asked Questions

How many mortgage applications did The Peoples Bank process?
The Peoples Bank processed 78 mortgage applications in the 2023 HMDA reporting year. Of these, 66 were originated (approved and funded), 1 were withdrawn by the applicant, and 5 were denied.
What is The Peoples Bank's mortgage approval rate?
The Peoples Bank has an approval (origination) rate of 84.6%, meaning 84.6% of all applications resulted in a funded mortgage. The denial rate is 6.4%.
What is the average loan amount at The Peoples Bank?
The average mortgage loan amount at The Peoples Bank is $207,692. The average interest rate is 7.983%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at The Peoples Bank?
The most common reasons for mortgage denial at The Peoples Bank are: Other, Debt-to-income ratio. In total, 5 applications were denied out of 78 total applications.
What types of mortgage loans does The Peoples Bank offer?
The Peoples Bank processes Conventional loans. The most common type is Conventional with 78 applications and an average loan amount of $207,692.
What loan purposes does The Peoples Bank serve?
The Peoples Bank serves the following loan purposes: Home Purchase (41 applications), Refinancing (20 applications), Other (10 applications), Home Improvement (7 applications). Home Purchase is the most common purpose.
Where is The Peoples Bank located?
The Peoples Bank is headquartered in Taylorsville, KY. The lender is identified by LEI 549300SUOO1RFWRM7N78 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 85.3% and denial rate of 5.9%; Black or African American applicants have an approval rate of 100.0% 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.