Peoples Independent Bank is headquartered in BOAZ and is the 31st largest bank in the state of Alabama. It is also the 1,918th largest bank in the nation. It was established in 1988 and as of March of 2025, it had grown to 82 employees at 9 locations. Peoples Independent Bank has an A health rating.
Overall | |
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FDIC Certificate # | 27233 |
Year Established | 1988 |
Employees | 82 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.57% |
Return on Equity - YTD | 19.24% |
Annual Interest Income | $6MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $458.1MM$449.3MM |
Loans | Q1 2025vs Q1 2024 | $188.5MM$187.1MM |
Deposits | Q1 2025vs Q1 2024 | $416.8MM$401.2MM |
Equity Capital | Q1 2025vs Q1 2024 | $37.6MM$33.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.9MM$1.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $524K$745K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$777K |
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Peoples Independent Bank Locations | ||
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Peoples Independent Bank | 121 Billy B. Dyar Boulevard | Boaz, AL 35957 |
Steele Branch | 3915 Pope Avenue | Steele, AL 35987 |
Hokes Bluff Branch | 5690 US Highway 278 East | Gadsden, AL 35903 |
Scottsboro Branch | 820 South Broad Street | Scottsboro, AL 35768 |
Douglas Branch | 99 Alabama Highway 168 | Horton, AL 35980 |
Gurley Office Branch | 111 Steel Drive | Gurley, AL 35748 |
Horizon Bank Branch | 1167 Main St | Fyffe, AL 35971 |
Powell Branch | 3736 Main Street Powell | Fyffe, AL 35971 |
Sylvania Branch | 23083 Alabama Highway 75 | Sylvania, AL 35988 |
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