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Overview / Commentary
518 West C Street
Newton, NC 28658

Peoples Bank (NC) is headquartered in Newton and is the 16st largest bank in the state of North Carolina. It is also the 643rd largest bank in the nation. It was established in 1912 and as of March of 2014, it had grown to 287 employees at 23 locations. Peoples Bank (NC) has a B+ health rating.

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Reviews (5)

FDIC Should Investigate

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!

Great Bank

I was shocked to read the 2 negative reports on Peoples Bank of NC.  I have always dealt with the Denver branch and have been very happy with the very friendly service.  I have 2 personal accounts and a business account with them and have always been very pleased with their service.  They are a much friendlier bank than my previous bank, which was a small local branch of BOA, who was always very impersonal and hard to deal with because of their inflexibility.

Incompetent Mortgage Department

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.

Also Love This Bank

After dealing with the impersonal phone trees the "please hold I will transfer you" of the large banks, I am always pleasantly surprised to have the phone answered by a LOCAL person. The person who answers the phone is the same person who answers my question, and once when I had a problem printing my online statement, they followed up the next day to make sure the problem was truly resolved. Whoever follows up saying "just to make sure things are working ok" anymore? I have my money with them and even used them for a construction loan. The staff in my local branch are great, and it is nice to see the same faces each time. Keep up the great work!!!!

Love Peoples Bank

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.


Data for Q1 2014

Institution Health


Texas Ratio


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 March 31, 2014 Peoples Bank (NC) had $14.91 million in non-current loans and owned real-estate with $118.09 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank (NC) a Texas Ratio of 12.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Peoples Bank (NC) decreased dramatically from 18.81% as of March 31, 2013 to 12.63% as of March 31, 2014, resulting in a positive change of 32.87%.This indicates that the balance sheet and financial strength for Peoples Bank (NC) has improved dramatically in recent periods.

Deposit Growth


In the past year, Peoples Bank (NC) has increased its total deposits by $27 million, resulting in 3.44% 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 excellent.



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 $1.04 billion in assets with $118.09 million in equity, resulting in a capitalization level of 11.39%, which is excellent.

Institution Statistics

FDIC Certificate #5956
Year Established1912
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.04 billion
Loans$605.70 million
Deposits$812.36 million
Equity Capital$105.12 million
Loan Loss Allowance$12.98 million
Unbacked Noncurrent Loans$11.63 million
Real Estate Owned$3.28 million
Historic Data - March 2013
Assets$1.02 billion
Equity Capital$114.83 million
Loan Loss Allowance$14.41 million
Unbacked Noncurrent Loans$11.63 million
Real Estate Owned$4.59 million
Profit Margin - Quarterly
Net Interest Margin3.65%
Return on Assets1.02%
Return on Equity10.3%
Interest Income$9.53 million
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Peoples Bank (NC) Savings Account Rates


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0.30%-$30kRewards Checking - Qualifying
0.01%--Rewards Checking - Non Qualifying

Peoples Bank (NC) has 24 locations. Click to view all Peoples Bank (NC) locations.