Peoples Bank (GA)

Peoples Bank (GA) Locations
1793 Highway 138 SE
Conyers, GA 30013
770-483-7200
www.peoplesbankga.com

Peoples Bank (GA) is headquartered in Covington and is the 146th largest bank in the state of Georgia. It is also the 4,340th largest bank in the nation. It was established in 1910 and as of September of 2011, it had grown to 31 employees at 2 locations. Peoples Bank (GA) has a 1-star health rating.

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3.35% Reward Checking Account and 1.81% e.Savings Account at Peoples Bank in NC - 7/21/2009

Update 9/07/09: The bank is no longer accepting Free Interest Checking applications from those outside of North Carolina.Peoples Bank is offering a reward checking account called Free Interest Checking with the following rates if certain monthly...

3.51% 12-Month CD at Peoples Bank in Georgia - 2/3/2009

Peoples Bank is offering a 3.51% APY 12-month CD. Minimum deposit is $500. The CD is also available in an IRA. This rate is listed in the bank's rate table as of 2/3/2009. At the bottom of the table it states that the bank will accept applications for...

2.01% Reward Checking Account at Peoples Bank in Georgia - 2/3/2009

Update 11/09/09: The reward checking account is no longer listed at the bank's website.Peoples Bank is offering a reward checking account that pays 2.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly...

3.91% Reward Checking Account at a Tennessee Bank (Peoples) - 12/2/2007

Update 1/12/09: The top yield has fallen to 3.91% APY.Peoples Bank is offering a reward checking account that pays 3.91% APY on balances up to $25K (1.51% for over) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card...



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See Rates for: Checking | Savings | Money Market

Peoples Bank (GA) Checking Account Rates

ApyMinMaxProduct
0.20%$50-Free Interest Checking
0.20%$2,500-Wall Street Checking
0.10%--50+ Free Interest Checking

Peoples Bank (GA) Savings Account Rates

ApyMinMaxProduct
0.10%--Christmas Club
0.10%--First Savings Account
0.10%$50-Preferred Savings Account
0.10%$50-Commercial Preferred Savings Account

Peoples Bank (GA) Money Market Rates

ApyMinMaxProduct
0.40%$100k-Ultimate Business Money Market
0.40%$50k-Ultimate Personal Money Market

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


The Peoples Bank
FDIC Certificate #173
BankRate ReportView
Year Established1910
Employees31
Primary RegulatorFDIC

Assets and Liabilities

Assets$124.65 million
Loans$79.20 million
Deposits$117.69 million
Equity Capital$6.55 million
Loan Loss Allowance$2.32 million
Unbacked Noncurrent Loans$8.88 million
Real Estate Owned$14.61 million

Historic Data - September 2010

Assets$150.45 million
Equity Capital$8.07 million
Loan Loss Allowance$3.17 million
Unbacked Noncurrent Loans$9.75 million
Real Estate Owned$14.45 million

Profit Margin - Quarterly

Net Interest Margin3.43%
Return on Assets-1.19%
Return on Equity-21.58%
Interest Income$3.74 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Peoples Bank (GA) had $23.5 million in non-current loans and owned real-estate with $8.87 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank (GA) a Texas Ratio of 264.93% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Peoples Bank (GA) increased slightly from 215.32% as of September 30, 2010 to 264.93% as of September 30, 2011, resulting in a negative change of 23.04%. This indicates that the balance sheet and financial strength for Peoples Bank (GA) has declined slightly in recent periods.
Deposit Growth1
In the past year, Peoples Bank (GA) has decreased its total deposits by -$24.32 million, resulting in -17.12% 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 Peoples Bank (GA) has shown is poor.
Capitalization2
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. Peoples Bank (GA) has $124.65 million in assets with $8.87 million in equity, resulting in a capitalization level of 7.12%, which is below average.
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