People's Bank and Trust Company of Pickett County

Headquarters

19 Courthouse Square
Byrdstown, TN 38549
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 1.05% →
1-Year CD 0.50% 1.05% →
2-Year CD 0.70% 1.11% →
5-Year CD 1.40% 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

People's Bank and Trust Company of Pickett County is an FDIC insured institution located in Byrdstown, TN. It was founded in 1978 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22756
Date Established 1978
Assets $ 125.01 million
Loans $ 90.95 million
Deposits $ 108.30 million
Capital $ 15.87 million
 

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

Deposit Rates - August 10, 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
0.25% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.40% $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
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $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
Special: 15 Mo CD
0.75% $5,000 - Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.40% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for People's Bank and Trust Company of Pickett County

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
2.914% 2.875% 0.50 $1,250 $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 People's Bank and Trust Company of Pickett County
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Branches

People's Bank and Trust Company of Pickett County 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


People's Bank and Trust Company of Pickett County Locations


Financial Details

People's Bank and Trust Company of Pickett County Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of People's Bank and Trust Company of Pickett County. 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
People's Bank and Trust Company of Pickett County U.S. Bank Average
13.36% 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, People's Bank and Trust Company of Pickett County had $2,285,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,870,000 in equity and $1,235,000 in loans loss reserves. That gives it a Texas Ratio of 13.36%.

Return on Equity
People's Bank and Trust Company of Pickett County U.S. Bank Average
8.56% 7.80%

People's Bank and Trust Company of Pickett County has a Return on Equity of 8.56% 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
People's Bank and Trust Company of Pickett County U.S. Bank Average
12.7% 12.68%

People's Bank and Trust Company of Pickett County has a Capitalization of 12.7% 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.

People's Bank and Trust Company of Pickett County Balance Sheet Analysis

As of March 31, 2020, People's Bank and Trust Company of Pickett County had assets of $125,007,000, loans of $90,949,000, and deposits of $108,300,000. 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 $ 4.30 million
Interest-bearing balances $ 2.58 million
Total securities $ 11.55 million
Federal funds sold and reverse repurchase $ 11.71 million
Net loans and leases $ 90.95 million
Loan loss allowance $ 1.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.20 million
All other assets $ 5.40 million
     Total Assets $ 109.14 million
LIABILITIES
Total deposits $ 108.30 million
      Interest-bearing deposits $ 92.94 million
      Deposits held in domestic offices $ 108.30 million
      % insured (estimated) 93.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.84 million
      Total Liabilities $ 109.14 million
      Shareholders’ Equity $ 15.87 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.79 million
Total Interest Expense $ 0.36 million
Net interest income $ 1.43 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.23 million
Total non interest expense $ 1.14 million
Pre-tax Net Operating Income $ 0.42 million

Bank Loan Profile?

The top three loan types in People's Bank and Trust Company of Pickett County’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Tennessee, People's Bank and Trust Company of Pickett County has a significantly higher percent of Commercial and Industrial Loans, Farm Loans 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 31.51
Multifamily
Mortgages
0.82
Credit Card Loans 0.00
Consumer Auto Loans 4.48
Small Business Loans 0.00
Construction and Development Loans 8.94
Commercial Real Estate 7.94
Commercial and Industrial Loans 23.48
Farm Loans 6.79

Frequently Asked Questions About People's Bank And Trust Company Of Pickett County

Branches and Savings

Is People's Bank And Trust Company Of Pickett County FDIC insured?

Yes. It is covered under FDIC Certificate #22756.

Why does People's Bank And Trust Company Of Pickett County pay such low interest on savings accounts?

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

Why are People's Bank And Trust Company Of Pickett County CD rates not competitive?

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

Is People's Bank And Trust Company Of Pickett County a commercial bank?

Yes

Where are People's Bank And Trust Company Of Pickett County locations?

See branch locations nearby.

Is People's Bank And Trust Company Of Pickett County open on Saturdays?

Is People's Bank And Trust Company Of Pickett County open on Sundays?

What time does People's Bank And Trust Company Of Pickett County open?

What time does People's Bank And Trust Company Of Pickett County close?

Are People's Bank And Trust Company Of Pickett County ATMs Open 24/7?

Do People's Bank And Trust Company Of Pickett County ATMs accept cash deposits?

Can People's Bank And Trust Company Of Pickett County customers use other ATMs?

Do People's Bank And Trust Company Of Pickett County branches have notaries?

Will People's Bank And Trust Company Of Pickett County notarize my document?

What address for People's Bank And Trust Company Of Pickett County should I put for incoming ACH transfers?

Will the People's Bank And Trust Company Of Pickett County branch print checks?

Do People's Bank And Trust Company Of Pickett County checks expire?

Does People's Bank And Trust Company Of Pickett County require US citizenship to open account?

Can People's Bank And Trust Company Of Pickett County close my account?

Does People's Bank And Trust Company Of Pickett County Report to credit bureaus?

Does People's Bank And Trust Company Of Pickett County Use Equifax?

What is People's Bank And Trust Company Of Pickett County's ACH Routing Number?

What is People's Bank And Trust Company Of Pickett County's SWIFT code?

Products

Does People's Bank And Trust Company Of Pickett County offer mortgages?

Compare mortgage rates here.

Does People's Bank And Trust Company Of Pickett County offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does People's Bank And Trust Company Of Pickett County offer personal loans?

Compare personal loan rates here.

Does People's Bank And Trust Company Of Pickett County offer student loans?

Will People's Bank And Trust Company Of Pickett County cash a check?

Will People's Bank And Trust Company Of Pickett County redeem a savings bond?

Does People's Bank And Trust Company Of Pickett County cash savings bonds?

Will People's Bank And Trust Company Of Pickett County cash money orders?

Can People's Bank And Trust Company Of Pickett County issue a money order?

Does People's Bank And Trust Company Of Pickett County do currency exchange?

Background on The Bank

Who owns People's Bank And Trust Company Of Pickett County?

How long has People's Bank And Trust Company Of Pickett County been around?

Can People's Bank And Trust Company Of Pickett County transfer to other banks?

Does People's Bank And Trust Company Of Pickett County have quick pay?

Does People's Bank And Trust Company Of Pickett County accept rolled coins?

Will People's Bank And Trust Company Of Pickett County accept loose change?

Where is People's Bank And Trust Company Of Pickett County headquarters?

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