Peoples Bank in Newton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Peoples Bank in Newton, North Carolina (NC)
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Peoples Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 277Total employees (full-time equivalent)
  • $1,064,635Total assets
  • $29,236Cash and due from depository institutions
  • $6,728Interest-bearing balances
  • $319,868Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $659,039Net loans & leases
  • $16,604Loan loss allowance
  • $0Trading account assets
  • $16,896Bank premises and fixed assets
  • $7,576Other real estate owned
  • $0Goodwill and other intangibles
  • $1,064,635Life insurance assets
  • $32,020All other assets
  • $959,297Total liabilities and capital
  • $842,939Total liabilities
  • $705,223Total deposits
  • $842,939Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 39600.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $70,000Trading liabilities
  • $0Other borrowed funds
  • $6,758Subordinated debt
  • $105,338All other liabilities
  • $105,338Total equity capital
  • $105,338Total bank equity capital
  • $0Perpetual preferred stock
  • $14,632Common stock
  • $38,608Surplus
  • $52,098Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,146Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,493Income earned, not collected on loans
  • $0Earning assets
  • $4,181Long-term assets (5+ years)
  • $985,635Average Assets, year-to-date
  • $307,586Average Assets, quarterly
  • $1,071,286Volatile liabilities
  • $1,075,848Insider loans
  • $743,286FHLB advances
  • $1,083,207Loans and leases held for sale
  • $12,835Unused loan commitments
  • $12,835Tier 1 (core) risk-based capital
  • $102,264Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $131,565Restructured Loans and leases
  • $10,758Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $45,185Total interest income
  • $10,691Total interest expense
  • $34,494Net interest income
  • $12,632Provision for loan and lease losses
  • $9,875Total noninterest income
  • $0Fiduciary activities
  • $5,106Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,769Additional noninterest income
  • $29,213Total noninterest expense
  • $14,713Salaries and employee benefits
  • $5,339Premises and equipment expense
  • $9,161Additional noninterest expense
  • $2,524Pre-tax net operating income
  • $4,406Securities gains (losses)
  • $1,519Applicable income taxes
  • $5,411Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,411Net income attributable to bank
  • $0Net charge-offs
  • $5,411Cash dividends
  • $11,521Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.33%Return on equity (ROE)
  • 5.33%Retained earnings to average equity (YTD only)
  • 1.65%Net charge-offs to loans
  • 109.64%Credit loss provision to net charge-offs
  • 1.32%Efficiency ratio
  • 65,841Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 67.79%Noncurrent assets plus other real estate owned to assets
  • 3.01%Noncurrent loans to loans
  • 3.63%Net loans and leases to deposits
  • 78.18%Net loans and leases to core deposits
  • 94.18%Equity capital to assets
  • 9.89%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 13.76%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,071,286Average earning assets
  • $101,465Average equity
  • $993,294Average loans

List of branches

  • 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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