Peoples Independent Bank


Overview / Commentary
256-593-8844
121 Billy B. Dyar Boulevard
Boaz, AL 35957

Peoples Independent Bank is headquartered in Boaz and is the 33rd largest bank in the state of Alabama. It is also the 2,201st largest bank in the nation. It was established in 1988 and as of June of 2019, it had grown to 82 employees at 9 locations. Peoples Independent Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #27233
Year Established1988
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD12.75%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$299.8MM$308.2MM
LoansQ2 2019vs Q2 2018$136.0MM$126.0MM
DepositsQ2 2019vs Q2 2018$262.1MM$274.6MM
Equity CapitalQ2 2019vs Q2 2018$34.4MM$30.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.4MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$214.00K$502.00K
Real Estate OwnedQ2 2019vs Q2 2018$3.2MM$3.7MM
Rates

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Locations


Peoples Independent Bank Locations
Peoples Independent Bank121 Billy B. Dyar BoulevardBoaz, AL 35957
Steele Branch3915 Pope AvenueSteele, AL 35987
Hokes Bluff Branch5690 US Highway 278 EastGadsden, AL 35903
Scottsboro Branch820 South Broad StreetScottsboro, AL 35768
Douglas Branch99 Alabama Highway 168Horton, AL 35980
Gurley Office Branch111 Steel DriveGurley, AL 35748
Horizon Bank Branch1167 Main StFyffe, AL 35971
Powell Branch3736 Main Street PowellFyffe, AL 35971
Sylvania Branch23083 Alabama Highway 75Sylvania, AL 35988

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