2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Peoples Bank (NC)

Peoples Bank (NC) Locations
420 West A Street
Newton, NC 28658
877.802.1212
www.peoplesbanknc.com



Peoples Bank (NC) is headquartered in Newton and is the 16st largest bank in the state of North Carolina. It is also the 612st largest bank in the nation. It was established in 1912 and as of September of 2011, it had grown to 275 employees at 24 locations. Peoples Bank (NC) has a 4-star health rating.

Related Posts

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...



See Rates for: Checking | Savings

Peoples Bank (NC) Checking Account Rates

ApyMinMaxProduct
1.11%-$50kFree Interest Checking - Qualifying

Peoples Bank (NC) Savings Account Rates

ApyMinMaxProduct
0.50%$10k-e-Savings

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Peoples Bank
FDIC Certificate #5956
BankRate ReportView
Year Established1912
Employees275
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.09 billion
Loans$663.47 million
Deposits$857.38 million
Equity Capital$104.79 million
Loan Loss Allowance$16.35 million
Unbacked Noncurrent Loans$28.90 million
Real Estate Owned$5.99 million

Historic Data - September 2010

Assets$1.08 billion
Equity Capital$102.23 million
Loan Loss Allowance$17.72 million
Unbacked Noncurrent Loans$52.50 million
Real Estate Owned$4.80 million

Profit Margin - Quarterly

Net Interest Margin3.46%
Return on Assets0.43%
Return on Equity4.6%
Interest Income$34.22 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 (NC) had $34.89 million in non-current loans and owned real-estate with $121.14 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank (NC) a Texas Ratio of 28.80% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Peoples Bank (NC) decreased slightly from 47.77% as of September 30, 2010 to 28.80% as of September 30, 2011, resulting in a positive change of 39.71%.This indicates that the balance sheet and financial strength for Peoples Bank (NC) has improved slightly in recent periods.
Deposit Growth3
In the past year, Peoples Bank (NC) has decreased its total deposits by -$3.05 million, resulting in -0.35% 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 (NC) has shown is average.
Capitalization4
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 (NC) has $1.09 billion in assets with $121.14 million in equity, resulting in a capitalization level of 11.14%, which is above average.
Write Review

FDIC Should Investigate
1 stars - bankwatcher - Wednesday, September 8, 2010 - 5:14 PM

These people continue to violate law. I have been collecting data on them for almost a year now. They have repeatedly rearranged posted transactons inorder to charge people NSF fees. This is against the  law,period. If this has happened to you report it immediatly to the FDIC and your the attorney generals office. They are allowed to move pending transactions but not posted. I had this happen to me personally at Bank of America years ago, reported and won the case and recieved 1000 dollars for this. SInce then I have been watching banks do this time and time again. The poor people who do not know this against the law earns these guys billions of dollars every year. STOP putting yoru money in BANKS people.  This bank also has repeatedly changed thier poliices without warning by written notification to thier clients again and again causing many fees. It is time they had people withdrawl the money that pays thier bills. It is my advise to stop delaing with this bank. Please be informed of the laws and stop letting greedy criminals do this to you AMERICA!

4

Incompetent Mortgage Department
1 stars - Tanya - Friday, September 2, 2011 - 8:56 PM

My SIL began dealing with this outfit July 1, 2011, to get a reverse mortgage.  It is now September 2, 2011, and finally last week they ordered the appraisal...9 weeks!!  I contacted MetLife who said once she had her counseling (which was done before beginning with Peoples Bank) the mortgage should have taken no more than 5 weeks and most were done in 2 weeks.  At this point she will be shocked if the mortgage is completed sometime in 2011.  

You call this place, nobody answers the phone, you get voice mail and they never return their calls.  Even a call to the vice president was not returned.  

They are incompetent and if you need a loan in a hurry, be advised you should go somewhere else.

1

Love Peoples Bank
5 stars - Randomperson1 - Saturday, May 28, 2011 - 8:22 PM

I am not sure how the people below can post something so false.  Why trust a person who cannot even spell correctly?  Also, they said this has happened to them before... clearly they cannot be trusted with a bank account.

I love Peoples Bank.  This is a great bank with friendly, helpful staff and products that are extremely useful.  If there is ever a problem with any thing on my account or any thing at all, I am able to speak to a live person and we settle things properly.  The workers at Peoples Bank trust you like a person and they are REAL people.  I have never encountered someone who "wants my business", they prefer to "want my relationship".

 

Love them.

1