Overview / Commentary
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.
Health
B+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27233 |
| Year Established | 1988 |
| Employees | 82 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.37% |
| Return on Equity - YTD | 12.75% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $299.8MM$308.2MM |
| Loans | Q2 2019vs Q2 2018 | $136.0MM$126.0MM |
| Deposits | Q2 2019vs Q2 2018 | $262.1MM$274.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $34.4MM$30.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.4MM$1.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $214.00K$502.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $3.2MM$3.7MM |
Rates
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Locations
| Peoples Independent Bank Locations | ||
|---|---|---|
| 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 |