PeoplesBank

330 Whitney Avenue
Holyoke, MA 01040

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90213
Date Established 1885
Assets $2.87 billion
Loans $2.19 billion
Deposits $2.07 billion
Capital $0.27 billion

PeoplesBank is an FDIC insured institution located in Holyoke, MA. It was founded in 1885 and has approximately $2.87 billion in assets. Customers can open an account at one of its 20 branches.

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

Bank Loan Profile?

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

Compared to other banks in Massachusetts, PeoplesBank has a significantly higher percent of 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 42.68
Multifamily
Mortgages
5.79
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.44
Construction and Development Loans 4.71
Commercial Real Estate 33.87
Commercial and Industrial Loans 11.86
Farm Loans 0.00

Deposit Rates - June 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $10 $24,999 Learn MoreShow Less
Money Market
0.75% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.35% $1,000 - Learn MoreShow Less
18 Mo CD
0.70% $1,000 - Learn MoreShow Less
24 Mo CD
0.80% $1,000 - Learn MoreShow Less
36 Mo CD
1.05% $1,000 - Learn MoreShow Less
48 Mo CD
1.25% $1,000 - Learn MoreShow Less
60 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Interest Checking 0.10% $5,000 $10.00 Learn MoreShow Less

Loan Rates - June 15, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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.

Branches

PeoplesBank 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


PeoplesBank Locations


Financial Details

PeoplesBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of PeoplesBank. 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
PeoplesBank U.S. Bank Average
4.71% 6.97%

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 December 31, 2018, PeoplesBank had $11,099,000 in non-current loans and $2,200,000 in owned real estate. To cover these potential losses it had $268,041,000 in equity and $14,388,000 in loans loss reserves. That gives it a Texas Ratio of 4.71%.

Return on Equity
PeoplesBank U.S. Bank Average
8.57% 8.80%

PeoplesBank has a Return on Equity of 8.57% versus the BestCashCow average of 8.80%. 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
PeoplesBank U.S. Bank Average
9.35% 12.29%

PeoplesBank has a Capitalization of 9.35% versus the BestCashCow average of 12.29. 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.

PeoplesBank Balance Sheet Analysis

As of December 31, 2018, PeoplesBank had assets of $2,868,024,000, loans of $2,191,935,000, and deposits of $2,067,507,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.09 billion
Total securities $0.36 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.19 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.04 billion
All other assets $0.12 billion
     Total Assets $2.60 billion
LIABILITIES
Total deposits $2.07 billion
      Interest-bearing deposits $1.69 billion
      Deposits held in domestic offices $2.07 billion
      % insured (estimated) 71.01%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.46 billion
Subordinated debt $0.00 billion
All other liabilities $0.04 billion
      Total Liabilities $2.60 billion
      Shareholders’ Equity $0.27 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.09 billion
Total Interest Expense $0.02 billion
Net interest income $0.07 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.06 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About Peoplesbank

Branches and Savings

Is Peoplesbank FDIC insured?

Yes. It is covered under FDIC Certificate #90213.

Why does Peoplesbank pay such low interest on savings accounts?

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

Why are Peoplesbank CD rates not competitive?

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

Is Peoplesbank a commercial bank?

Yes

Where are Peoplesbank locations?

See branch locations nearby.

Is Peoplesbank open on Saturdays?

Is Peoplesbank open on Sundays?

What time does Peoplesbank open?

What time does Peoplesbank close?

Are Peoplesbank ATMs Open 24/7?

Do Peoplesbank ATMs accept cash deposits?

Can Peoplesbank customers use other ATMs?

Do Peoplesbank branches have notaries?

Will Peoplesbank notarize my document?

What address for Peoplesbank should I put for incoming ACH transfers?

Will the Peoplesbank branch print checks?

Do Peoplesbank checks expire?

Does Peoplesbank require US citizenship to open account?

Can Peoplesbank close my account?

Does Peoplesbank Report to credit bureaus?

Does Peoplesbank Use Equifax?

What is Peoplesbank's ACH Routing Number?

What is Peoplesbank's SWIFT code?

Products

Does Peoplesbank offer mortgages?

Compare mortgage rates here.

Does Peoplesbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoplesbank offer personal loans?

Compare personal loan rates here.

Does Peoplesbank offer student loans?

Will Peoplesbank cash a check?

Will Peoplesbank redeem a savings bond?

Does Peoplesbank cash savings bonds?

Will Peoplesbank cash money orders?

Can Peoplesbank issue a money order?

Does Peoplesbank do currency exchange?

Background on The Bank

Who owns Peoplesbank?

How long has Peoplesbank been around?

Can Peoplesbank transfer to other banks?

Does Peoplesbank have quick pay?

Does Peoplesbank accept rolled coins?

Will Peoplesbank accept loose change?

Where is Peoplesbank headquarters?

Customer Reviews for PeoplesBank

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

Add Your Review

Rate it here →