Peoples Independent Bank

121 Billy B. Dyar Boulevard
Boaz, AL 35957

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27233
Date Established 1988
Assets $0.31 billion
Loans $0.13 billion
Deposits $0.27 billion
Capital $0.03 billion

Peoples Independent Bank is an FDIC insured institution located in Boaz, AL. It was founded in 1988 and has approximately $0.31 billion in assets. Customers can open an account at one of its 9 branches.

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

Deposit Rates - September 24, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.75% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.31% $500 - Learn MoreShow Less
24 Mo CD
1.46% $500 - Learn MoreShow Less
36 Mo CD
1.56% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.56% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $800 - Learn MoreShow Less

Loan Rates - September 24, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Peoples Independent Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.526% 3.500% 0.38 $805 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Note to Peoples Independent Bank
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Branches

Peoples Independent 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:
Seattle,Washington


Peoples Independent Bank Locations


Financial Details

Peoples Independent Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peoples Independent 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
Peoples Independent Bank U.S. Bank Average
11.89% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Peoples Independent Bank had $232,000 in non-current loans and $3,840,000 in owned real estate. To cover these potential losses it had $32,906,000 in equity and $1,341,000 in loans loss reserves. That gives it a Texas Ratio of 11.89%.

Return on Equity
Peoples Independent Bank U.S. Bank Average
10.84% 9.47%

Peoples Independent Bank has a Return on Equity of 10.84% versus the BestCashCow average of 9.47%. 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
Peoples Independent Bank U.S. Bank Average
10.64% 12.49%

Peoples Independent Bank has a Capitalization of 10.64% versus the BestCashCow average of 12.49. 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 Independent Bank Balance Sheet Analysis

As of March 31, 2019, Peoples Independent Bank had assets of $309,167,000, loans of $132,127,000, and deposits of $273,110,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.12 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 billion
Loan loss allowance $0.00 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.28 billion
LIABILITIES
Total deposits $0.27 billion
      Interest-bearing deposits $0.22 billion
      Deposits held in domestic offices $0.27 billion
      % insured (estimated) 84.84%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.28 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Alabama, Peoples Independent Bank has a significantly higher percent of Small Business Loans, 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 22.32
Multifamily
Mortgages
2.83
Credit Card Loans 0.00
Consumer Auto Loans 0.59
Small Business Loans 25.68
Construction and Development Loans 5.86
Commercial Real Estate 39.63
Commercial and Industrial Loans 12.68
Farm Loans 1.65

Frequently Asked Questions About Peoples Independent Bank

Branches and Savings

Is Peoples Independent Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27233.

Why does Peoples Independent Bank pay such low interest on savings accounts?

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

Why are Peoples Independent Bank CD rates not competitive?

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

Is Peoples Independent Bank a commercial bank?

Yes

Where are Peoples Independent Bank locations?

See branch locations nearby.

Is Peoples Independent Bank open on Saturdays?

Is Peoples Independent Bank open on Sundays?

What time does Peoples Independent Bank open?

What time does Peoples Independent Bank close?

Are Peoples Independent Bank ATMs Open 24/7?

Do Peoples Independent Bank ATMs accept cash deposits?

Can Peoples Independent Bank customers use other ATMs?

Do Peoples Independent Bank branches have notaries?

Will Peoples Independent Bank notarize my document?

What address for Peoples Independent Bank should I put for incoming ACH transfers?

Will the Peoples Independent Bank branch print checks?

Do Peoples Independent Bank checks expire?

Does Peoples Independent Bank require US citizenship to open account?

Can Peoples Independent Bank close my account?

Does Peoples Independent Bank Report to credit bureaus?

Does Peoples Independent Bank Use Equifax?

What is Peoples Independent Bank's ACH Routing Number?

What is Peoples Independent Bank's SWIFT code?

Products

Does Peoples Independent Bank offer mortgages?

Compare mortgage rates here.

Does Peoples Independent Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoples Independent Bank offer personal loans?

Compare personal loan rates here.

Does Peoples Independent Bank offer student loans?

Will Peoples Independent Bank cash a check?

Will Peoples Independent Bank redeem a savings bond?

Does Peoples Independent Bank cash savings bonds?

Will Peoples Independent Bank cash money orders?

Can Peoples Independent Bank issue a money order?

Does Peoples Independent Bank do currency exchange?

Background on The Bank

Who owns Peoples Independent Bank?

How long has Peoples Independent Bank been around?

Can Peoples Independent Bank transfer to other banks?

Does Peoples Independent Bank have quick pay?

Does Peoples Independent Bank accept rolled coins?

Will Peoples Independent Bank accept loose change?

Where is Peoples Independent Bank headquarters?

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