PeopleFirst Bank

Headquarters

3100 Theodore Street
Joliet, IL 60435
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 1.20% →
1-Year CD 0.50% 1.10% →
2-Year CD 0.90% 1.15% →
5-Year CD 1.25% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

PeopleFirst Bank is an FDIC insured institution located in Joliet, IL. It was founded in 2007 and has approximately $0.14 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58597
Date Established 2007
Assets $ 136.50 million
Loans $ 99.08 million
Deposits $ 106.84 million
Capital $ 18.22 million
 

For a more detailed analysis of PeopleFirst Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 4, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.35% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 4, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PeopleFirst Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.930% 2.875% 0.75 $1,762 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to PeopleFirst Bank
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Branches

PeopleFirst Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


PeopleFirst Bank Locations


Financial Details

PeopleFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of PeopleFirst Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
PeopleFirst Bank U.S. Bank Average
6.72% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, PeopleFirst Bank had $1,325,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,221,000 in equity and $1,504,000 in loans loss reserves. That gives it a Texas Ratio of 6.72%.

Return on Equity
PeopleFirst Bank U.S. Bank Average
7.76% 7.80%

PeopleFirst Bank has a Return on Equity of 7.76% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
PeopleFirst Bank U.S. Bank Average
13.35% 12.68%

PeopleFirst Bank has a Capitalization of 13.35% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

PeopleFirst Bank Balance Sheet Analysis

As of March 31, 2020, PeopleFirst Bank had assets of $136,495,000, loans of $99,083,000, and deposits of $106,842,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 15.71 million
Interest-bearing balances $ 9.97 million
Total securities $ 6.06 million
Federal funds sold and reverse repurchase $ 2.57 million
Net loans and leases $ 99.08 million
Loan loss allowance $ 1.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.53 million
     Total Assets $ 118.27 million
LIABILITIES
Total deposits $ 106.84 million
      Interest-bearing deposits $ 83.99 million
      Deposits held in domestic offices $ 106.84 million
      % insured (estimated) 72.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.20 million
Subordinated debt N.A.
All other liabilities $ 1.23 million
      Total Liabilities $ 118.27 million
      Shareholders’ Equity $ 18.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.52 million
Total Interest Expense $ 0.35 million
Net interest income $ 1.17 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.54 million
Total non interest expense $ 1.19 million
Pre-tax Net Operating Income $ 0.49 million

Bank Loan Profile?

The top three loan types in PeopleFirst Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, PeopleFirst Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.46
Multifamily
Mortgages
15.47
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 1.98
Commercial Real Estate 50.33
Commercial and Industrial Loans 11.92
Farm Loans 0.00

Frequently Asked Questions About Peoplefirst Bank

Branches and Savings

Is Peoplefirst Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58597.

Why does Peoplefirst Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Peoplefirst Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Peoplefirst Bank a commercial bank?

Yes

Where are Peoplefirst Bank locations?

See branch locations nearby.

Is Peoplefirst Bank open on Saturdays?

Is Peoplefirst Bank open on Sundays?

What time does Peoplefirst Bank open?

What time does Peoplefirst Bank close?

Are Peoplefirst Bank ATMs Open 24/7?

Do Peoplefirst Bank ATMs accept cash deposits?

Can Peoplefirst Bank customers use other ATMs?

Do Peoplefirst Bank branches have notaries?

Will Peoplefirst Bank notarize my document?

What address for Peoplefirst Bank should I put for incoming ACH transfers?

Will the Peoplefirst Bank branch print checks?

Do Peoplefirst Bank checks expire?

Does Peoplefirst Bank require US citizenship to open account?

Can Peoplefirst Bank close my account?

Does Peoplefirst Bank Report to credit bureaus?

Does Peoplefirst Bank Use Equifax?

What is Peoplefirst Bank's ACH Routing Number?

What is Peoplefirst Bank's SWIFT code?

Products

Does Peoplefirst Bank offer mortgages?

Compare mortgage rates here.

Does Peoplefirst Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoplefirst Bank offer personal loans?

Compare personal loan rates here.

Does Peoplefirst Bank offer student loans?

Will Peoplefirst Bank cash a check?

Will Peoplefirst Bank redeem a savings bond?

Does Peoplefirst Bank cash savings bonds?

Will Peoplefirst Bank cash money orders?

Can Peoplefirst Bank issue a money order?

Does Peoplefirst Bank do currency exchange?

Background on The Bank

Who owns Peoplefirst Bank?

How long has Peoplefirst Bank been around?

Can Peoplefirst Bank transfer to other banks?

Does Peoplefirst Bank have quick pay?

Does Peoplefirst Bank accept rolled coins?

Will Peoplefirst Bank accept loose change?

Where is Peoplefirst Bank headquarters?

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