Peoples Bank in Newton, North Carolina (NC)

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Peoples Bank
GeneralFDIC Certificate #: 5956
Status: Active
Federal Reserve ID: 220527
Bank Holding Company (Regulatory Top Holder): Peoples Bancorp Of North Carolina, Inc. (RSSDID: 2818245, Location: Newton, NC)
Date Established: January 01, 1912
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 24 (Domestic: 24, Interstate: No)
OTS Docket #: 12325
FDIC's unique #: 4040
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 518 West C Street, Newton, NC 28658
County: Catawba
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Charlotte
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Hickory-Morganton-Lenoir, NC (#3290)
Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $1,064.6 mil
Equity capital: $105.3 mil
Deposits held in domestic offices: $842.9 mil
Return on assets (ROA): 0.51% ($5.4 mil)
Quarterly return on assets: 0.72% ($7.7 mil)
Return on Equity (ROE): 5.33% ($5.6 mil)
Quarterly return on equity: 7.40% ($7.8 mil)
Net income: $5.4 mil
Quarterly Net income: $1.9 mil
Pretax return on assets: 0.65% ($6,920.1 mil)
Quarterly Pretax return on assets: 0.99% ($10,539.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)277
Total assets$1,064,635
Cash and due from depository institutions$29,236
Interest-bearing balances$6,728
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$659,039
Loan loss allowance $16,604
Trading account assets$0
Bank premises and fixed assets$16,896
Other real estate owned$7,576
Goodwill and other intangibles$0
All other assets$32,020
Life insurance assets$1,064,635
Total liabilities and capital$959,297
Total liabilities$842,939
Total deposits$705,223
Interest-bearing deposits$842,939
Deposits held in domestic offices$89
% insured (estimated)39600.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$70,000
Other borrowed funds $0
Subordinated debt $6,758
All other liabilities $105,338
Total equity capital$105,338
Total bank equity capital$105,338
Perpetual preferred stock$0
Common stock$14,632
Undivided profits $52,098
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,146
Income earned, not collected on loans $24,493
Earning assets $0
Long-term assets (5+ years) $4,181
Average Assets, year-to-date $985,635
Average Assets, quarterly $307,586
Volatile liabilities $1,071,286
Insider loans $1,075,848
FHLB advances $743,286
Loans and leases held for sale $1,083,207
Unused loan commitments $12,835
Tier 1 (core) risk-based capital $12,835
Tier 2 risk-based capital $102,264
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $131,565
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $45,185
Total interest expense $10,691
Net interest income $34,494
Provision for loan and lease losses $12,632
Total noninterest income $9,875
Fiduciary activities $0
Service charges on deposit accounts $5,106
Trading account gains & fees $0
Additional noninterest income $4,769
Total noninterest expense $29,213
Salaries and employee benefits $14,713
Premises and equipment expense $5,339
Additional noninterest expense $9,161
Pre-tax net operating income $2,524
Securities gains (losses) $4,406
Applicable income taxes $1,519
Income before extraordinary items $5,411
Extraordinary gains - net $0
Net income attributable to bank $5,411
Net charge-offs $0
Cash dividends $5,411
Sale, conversion, retirement of capital stock, net $11,521
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 1.08%
Net interest margin 3.47%
Noninterest income to earning assets 0.99%
Noninterest expense to earning assets 2.94%
Net operating income to assets 0.18%
Return on assets (ROA) 0.51%
Pretax return on assets 0.65%
Return on equity (ROE) 5.33%
Retained earnings to average equity (YTD only) 5.33%
Net charge-offs to loans 1.65%
Credit loss provision to net charge-offs 109.64%
Efficiency ratio1.32%
Assets per employee$65,841
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.46%
Noncurrent assets plus other real estate owned to assets 67.79%
Noncurrent loans to loans 3.01%
Net loans and leases to deposits3.63%
Net loans and leases to core deposits 78.18%
Equity capital to assets 94.18%
Core capital (leverage) ratio 9.89%
Tier 1 risk-based capital ratio 9.44%
Total risk-based capital ratio 13.76%
Average assets$15
Average earning assets$1,071,286
Average equity $101,465
Average loans $993,294
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24 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04040Peoples Bank518 West C Street, Newton, NC 28658January 01, 1912Full Service Brick and Mortar
1208535North Newton Branch2619 North Main Avenue, Newton, NC 28658April 30, 1964Limited Service Facility
2208536Maiden Branch200 Island Ford Road, Maiden, NC 28650August 05, 1985Full Service Brick and Mortar
3208537Catawba Branch106 North Main Street, Catawba, NC 28609October 06, 1986Full Service Brick and Mortar
4208538Springs Road3310 Springs Road Ne, Hickory, NC 28601June 20, 1988Full Service Brick and Mortar
5208539Hiddenite Branch5153 Nc Highway 90 E, Hiddenite, NC 28636December 12, 1988Full Service Brick and Mortar
6208540Conover Branch213 First Street West, Conover, NC 28613October 18, 1993Full Service Brick and Mortar
7205316Claremont Branch3261 East Main Street, Claremont, NC 28610May 18, 1956Full Service Brick and Mortar
9208541Denver Branch6125 Highway 16 South, Denver, NC 28037August 04, 1997Full Service Brick and Mortar
10208542Hickory Viewmont Branch1333 2nd Street Ne, Hickory, NC 28601Febuary 23, 1998Full Service Brick and Mortar
11208543Triangle Crossing Branch142 South Highway 16, Denver, NC 28037December 15, 1997Full Service Brick and Mortar
12359696Lincolnton Branch1910 E Main Street, Lincolnton, NC 28092Febuary 01, 2001Full Service Brick and Mortar
13359700Newton Branch420 West A Street, Newton, NC 28658March 27, 2001Full Service Brick and Mortar
14364776Abernethy Center Branch102 Leonard Ave, Newton, NC 28658April 23, 2002Limited Service Mobile
15419769West Lincoln Branch760 Hwy 27 W, Lincolnton, NC 28092September 30, 2002Full Service Brick and Mortar
16419770Catawba Valley Blvd Branch2050 Catawba Valley Blvd Se, Hickory, NC 28602December 02, 2002Full Service Brick and Mortar
17432097Banco De Le Gente6300 South Boulevard, Charlotte, NC 28217August 05, 2004Full Service Brick and Mortar
18439384Banco De La Gente-Central Avenue Bra4451-A Central Avenue, Charlotte, NC 28205March 18, 2005Full Service Retail
19452046Banco De La Gente - Monroe Branch501 West Roosevelt Boulevard, Monroe, NC 28110June 19, 2006Full Service Brick and Mortar
20464959Cornelius Branch9624 Bailey Road, Cornelius, NC 28031May 11, 2007Full Service Brick and Mortar
21470787Mooresville Branch1074 River Highway, Mooresville, NC 28117January 02, 2008Full Service Brick and Mortar
22470788Banco De La Gente - Raleigh4011 Capital Boulevard, Suite 121, Raleigh, NC 27604December 28, 2007Full Service Brick and Mortar
23481913Banco De La Gente Adminstrative Offi800 East Arrowood Road, Charlotte, NC 28217May 14, 2007Full Service Brick and Mortar
24495729The Gateway Branch125-E Street Court, Mooresville, NC 28117September 01, 2009Full Service Brick and Mortar
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