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Peoples Bank of the South

Based on 1 review
Peoples Bank of the South
Overview / Commentary
106 West Central Ave
La Follette, TN 37766

Peoples Bank of the South is headquartered in La Follette and is the 122nd largest bank in the state of Tennessee. It is also the 3,811st largest bank in the nation. It was established in 1917 and as of March of 2014, it had grown to 43 employees at 4 locations. Peoples Bank of the South has a B health rating.

Reviews (1)

Run, Don't Walk, Away Fron Peoples Bank Of The South

These people cannot be trusted.  Run, don't walk, away.  You will regret being involved with this "institution" in any way, shape, or form.



Health

Data for Q1 2014

Institution Health

B

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 March 31, 2014 Peoples Bank of the South had $6.36 million in non-current loans and owned real-estate with $21.52 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of the South a Texas Ratio of 29.54% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Peoples Bank of the South decreased slightly from 33.17% as of March 31, 2013 to 29.54% as of March 31, 2014, resulting in a positive change of 10.93%.This indicates that the balance sheet and financial strength for Peoples Bank of the South has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Peoples Bank of the South has decreased its total deposits by $-985,000, resulting in -0.79% 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 of the South has shown is 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. Peoples Bank of the South has $144.47 million in assets with $21.52 million in equity, resulting in a capitalization level of 14.89%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4945
Year Established1917
Employees43
Primary RegulatorFDIC
Assets and Liabilities
Assets$144.47 million
Loans$115.73 million
Deposits$124.30 million
Equity Capital$19.41 million
Loan Loss Allowance$2.10 million
Unbacked Noncurrent Loans$4.04 million
Real Estate Owned$2.32 million
Historic Data - March 2013
Assets$145.96 million
Equity Capital$19.54 million
Loan Loss Allowance$2.59 million
Unbacked Noncurrent Loans$4.04 million
Real Estate Owned$2.59 million
Profit Margin - Quarterly
Net Interest Margin5.07%
Return on Assets1.28%
Return on Equity9.62%
Interest Income$1.75 million
Rates

Sorry, we do not have rate data for Peoples Bank of the South

Locations


Peoples Bank of the South Locations
Peoples Bank Of The South106 West Central AveLA Follette, TN 37766
Norris-Clinton Branch2152 North Charles G. Seivers BoulevardClinton, TN 37716
Jacksboro Branch2300 Jacksboro PikeLA Follette, TN 37766
Peoples Bank Scott County Branch235 Depot StreetOneida, TN 37841