Peoples State Bank

Peoples State Bank Locations
100 West Washington
Newton, IL 62448
(800) 669-0341
www.psbnewton.com

Peoples State Bank is headquartered in Newton and is the 135th largest bank in the state of Illinois. It is also the 2,042nd largest bank in the nation. It was established in 1875 and as of March of 2012, it had grown to 66 employees at 5 locations. Peoples State Bank has a 4-star health rating.

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4.50% 36-Month / 4.05% 25-Month CD at a Michigan Bank (Peoples State) - 6/17/2008

Peoples State Bank is offering some attractive CD specials. These include a 4.50% APY CD with terms of 36 to 40 months, a 4.05% APY CD with terms of 25 to 30 months, and a 3.50% APY for terms of 13 to 15 months. The minimum deposit amount is $5,000 with...

3.01% Reward Checking Account at a Wisconsin Bank (People's State) - 5/4/2008

Update 10/15/09: The top yield has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.People's State Bank is offering a rewards checking account that pays 3.01% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees...

4.10% Reward Checking Account at an Illinois Bank (Peoples State) - 7/12/2007

Update 01/02/09: The yield has fallen to 4.10% APY. Refer to the bottom of the post for the rate history.Peoples State Bank has started a reward checking that pays 4.10% APY for balances under $20K and refunds ATM fees when the typical monthly reward...


Data for Q1 2012


Institution Statistics


The Peoples State Bank of Newton, Illinois
FDIC Certificate #11722
BankRate ReportView
Year Established1875
Employees66
Primary RegulatorFDIC

Assets and Liabilities

Assets$318.71 million
Loans$176.55 million
Deposits$278.60 million
Equity Capital$29.81 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$4.12 million
Real Estate Owned$8,000

Historic Data - March 2011

Assets$308.55 million
Equity Capital$27.06 million
Loan Loss Allowance$1.92 million
Unbacked Noncurrent Loans$1.99 million
Real Estate Owned$18,000

Profit Margin - Quarterly

Net Interest Margin3.21%
Return on Assets1.13%
Return on Equity12.15%
Interest Income$3.06 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 March 31, 2012 Peoples State Bank had $4.13 million in non-current loans and owned real-estate with $32.24 million in equity and loan loss allowances on hand to cover it. This gives Peoples State Bank a Texas Ratio of 12.81% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Peoples State Bank increased slightly from 6.93% as of March 31, 2011 to 12.81% as of March 31, 2012, resulting in a negative change of 84.77%. This indicates that the balance sheet and financial strength for Peoples State Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, Peoples State Bank has increased its total deposits by $13.94 million, resulting in 5.27% 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 State Bank has shown is excellent.
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 State Bank has $318.71 million in assets with $32.24 million in equity, resulting in a capitalization level of 10.12%, which is above average.
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