Peoples Independent Bank

Overview / Commentary
121 Billy B. Dyar Boulevard
Boaz, AL 35957

Peoples Independent Bank is headquartered in Boaz and is the 31st largest bank in the state of Alabama. It is also the 1,971st largest bank in the nation. It was established in 1988 and as of March of 2022, it had grown to 87 employees at 9 locations. Peoples Independent Bank has an A health rating.


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Health Grade Components

FDIC Certificate #27233
Year Established1988
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD15.18%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$424.6MM$391.8MM
LoansQ1 2022vs Q1 2021$169.3MM$159.7MM
DepositsQ1 2022vs Q1 2021$388.9MM$349.9MM
Equity CapitalQ1 2022vs Q1 2021$32.3MM$38.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.8MM$1.8MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$306.00K$1.2MM
Real Estate OwnedQ1 2022vs Q1 2021$1.0MM$1.2MM

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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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