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Overview / Commentary
106 West Central Ave
La Follette, TN 37766

Peoples Bank of the South is headquartered in La Follette and is the 117st largest bank in the state of Tennessee. It is also the 3,768th largest bank in the nation. It was established in 1917 and as of December of 2013, it had grown to 45 employees at 4 locations. Peoples Bank of the South has a C+ 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 Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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 December 31, 2013 Peoples Bank of the South had $8.5 million in non-current loans and owned real-estate with $21.26 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of the South a Texas Ratio of 39.99% 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 Peoples Bank of the South increased slightly from 32.53% as of December 31, 2012 to 39.99% as of December 31, 2013, resulting in a negative change of 22.92%. This indicates that the balance sheet and financial strength for Peoples Bank of the South has declined slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Peoples Bank of the South has increased its total deposits by $594,000, resulting in 0.47% 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 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. Peoples Bank of the South has $146.17 million in assets with $21.26 million in equity, resulting in a capitalization level of 14.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4945
Year Established1917
Employees45
Primary RegulatorFDIC
Assets and Liabilities
Assets$146.17 million
Loans$113.98 million
Deposits$126.25 million
Equity Capital$19.25 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$6.19 million
Real Estate Owned$2.31 million
Historic Data - December 2012
Assets$146.02 million
Equity Capital$19.34 million
Loan Loss Allowance$2.63 million
Unbacked Noncurrent Loans$6.19 million
Real Estate Owned$2.25 million
Profit Margin - Quarterly
Net Interest Margin4.92%
Return on Assets1.15%
Return on Equity8.64%
Interest Income$7.10 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