Peoples Bank of Alabama


1912 Cherokee Ave Sw
Cullman, AL 35055
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 7.54% 4.91% →
15-Year Mortgage 7.42% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Peoples Bank of Alabama is an FDIC insured institution located in Cullman, AL. It was founded in 1977 and has approximately $1.27 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 22537
Date Established 1977
Assets $ 1,270.51 million
Loans $ 839.13 million
Deposits $ 1,153.67 million
Capital $ 104.15 million

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

Deposit Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Performance Checking 0.60% $0 $0.00 Learn MoreShow Less

Loan Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Peoples Bank of Alabama 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:

Peoples Bank of Alabama Locations

Climate Policy and Initiatives

Peoples Bank of Alabama is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Add Your Review

or use your BestCashCow account


Financial Details

Peoples Bank of Alabama Ratio Analysis

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

Texas Ratio
Peoples Bank of Alabama U.S. Bank Average
0.82% 3.96%

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 December 31, 2024, Peoples Bank of Alabama had $978,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $104,149,000 in equity and $14,487,000 in loans loss reserves. That gives it a Texas Ratio of 0.82%.

Return on Equity
Peoples Bank of Alabama U.S. Bank Average
27.23% 12.20%

Peoples Bank of Alabama has a Return on Equity of 27.23% versus the BestCashCow average of 12.20%. 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.

Peoples Bank of Alabama U.S. Bank Average
8.2% 10.76%

Peoples Bank of Alabama has a Capitalization of 8.2% versus the BestCashCow average of 10.76. 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.

Peoples Bank of Alabama Balance Sheet Analysis

As of December 31, 2023, Peoples Bank of Alabama had assets of $1,270,507,000, loans of $839,129,000, and deposits of $1,153,672,000. 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

December 31, 2024
Cash & Balances due from depository institutions $ 139.01 million
Interest-bearing balances $ 124.18 million
Total securities $ 193.84 million
Federal funds sold and reverse repurchase $ 28.98 million
Net loans and leases $ 839.13 million
Loan loss allowance $ 14.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.02 million
All other assets $ 32.70 million
     Total Assets $ 1,166.36 million
Total deposits $ 1,153.67 million
      Interest-bearing deposits $ 745.96 million
      Deposits held in domestic offices $ 1,153.67 million
      % insured (estimated) 44.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.12 million
Subordinated debt N.A.
All other liabilities $ 10.03 million
      Total Liabilities $ 1,166.36 million
      Shareholders’ Equity $ 104.15 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 67.33 million
Total Interest Expense $ 9.26 million
Net interest income $ 58.07 million
Provision for loan and lease losses $ 2.51 million
Total non interest income $ 13.64 million
Total non interest expense $ 41.95 million
Pre-tax Net Operating Income $ 9.33 million

Bank Loan Profile?

The top three loan types in Peoples Bank of Alabama’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, Peoples Bank of Alabama 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.98
Credit Card Loans 0.00
Consumer Auto Loans 0.35
Small Business Loans 9.89
Construction and Development Loans 8.00
Commercial Real Estate 34.12
Commercial and Industrial Loans 22.14
Farm Loans 0.47

Customer Reviews for Peoples Bank of Alabama

There are currently no comments for Peoples Bank of Alabama. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

or use your BestCashCow account