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Overview / Commentary
815-207-6200
3100 Theodore Street
Joliet, IL 60435

PeopleFirst Bank is headquartered in Joliet and is the 321st largest bank in the state of Illinois. It is also the 4,587th largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 27 employees at 2 locations. PeopleFirst Bank's savings rates are 44% higher than the national average, and it has a C+ health rating.

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Health

Data for Q2 2014

Institution Health

C+

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 PeopleFirst Bank had $6 million in non-current loans and owned real-estate with $14.77 million in equity and loan loss allowances on hand to cover it. This gives PeopleFirst Bank a Texas Ratio of 40.61% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for PeopleFirst Bank increased slightly from 19.60% as of June 30, 2013 to 40.61% as of June 30, 2014, resulting in a negative change of 107.22%. This indicates that the balance sheet and financial strength for PeopleFirst Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, PeopleFirst Bank has increased its total deposits by $537,000, resulting in 0.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth PeopleFirst Bank has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. PeopleFirst Bank has $103.59 million in assets with $14.77 million in equity, resulting in a capitalization level of 14.26%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58597
Year Established2007
Employees27
Primary RegulatorFDIC
Assets and Liabilities
Assets$103.59 million
Loans$66.13 million
Deposits$88.84 million
Equity Capital$13.43 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$5.06 million
Real Estate Owned$942,000
Historic Data - June 2013
Assets$104.16 million
Equity Capital$14.11 million
Loan Loss Allowance$1.79 million
Unbacked Noncurrent Loans$5.06 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.13%
Return on Equity-1.01%
Interest Income$1.95 million
Rates

Always verify rates and promotions with the bank or credit union. We are not PeopleFirst Bank, we are a rate comparison website and can not provide official rates or promotions.

PeopleFirst Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%-$50kTarget Savings - Qualifying
0.20%$500-Personal Statement Savings
0.20%$100-Minor Savings
0.10%--Target Savings - Non Qualifying

PeopleFirst Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$250k-Business Money Market Account
0.35%$250k-Personal Money Market Account

PeopleFirst Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$25kPlatinum Reward Checking - Qualifying
1.25%-$25kTarget Checking - Qualifying
0.20%$50k-Interest Checking
0.10%--Platinum Reward Checking - Non Qualifying
0.10%--Target Checking - Non Qualifying

PeopleFirst Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-5 Year CD
0.85%$100k-3 Year CD
0.60%$100k-2 Year CD
0.50%$100k-1 Year CD
0.35%$100k-6 Month CD
0.20%$2,500-3 Month CD
0.10%$2,500-30 - 89 Day CD

PeopleFirst Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-5 Year IRA
0.85%$100k-3 Year IRA
0.60%$100k-2 Year IRA
0.50%$100k-1 Year IRA
0.35%$100k-6 Month IRA
0.20%$2,500-3 Month IRA
0.10%$2,500-30 - 89 Day IRA
Locations


PeopleFirst Bank Locations
Shorewood Branch1226 West Jefferson StreetShorewood, IL 60404
Peoplefirst Bank3100 Theodore StreetJoliet, IL 60435