Peoples Independent Bank in Boaz, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Peoples Independent Bank - Overview

  • General
  • FDIC Certificate #: 27233
    Status: Active
    Federal Reserve ID: 1188987
    Bank Holding Company (Regulatory Top Holder): Peoples Independent Bancshares, Inc. (RSSDID: 1918755, Location: Boaz, AL)
    Date Established: May 02, 1988
    WWW: http://www.peoplesindependentbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 39168
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 02, 1988
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 121 Billy B. Dyar Boulevard, Boaz, AL 35957
    County: Marshall
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Albertville, AL (#10700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $171.4 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $154.7 mil
    Return on assets (ROA): 0.95% ($1.6 mil)
    Quarterly return on assets: 0.85% ($1.5 mil)
    Return on Equity (ROE): 10.20% ($1.6 mil)
    Quarterly return on equity: 8.92% ($1.4 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.97% ($1,662.2 mil)
    Quarterly Pretax return on assets: 0.72% ($1,233.8 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
  • 49Total employees (full-time equivalent)
  • $171,357Total assets
  • $13,314Cash and due from depository institutions
  • $9,771Interest-bearing balances
  • $67,520Securities
  • $3,628Federal funds sold & reverse repurchase agreements
  • $77,592Net loans & leases
  • $595Loan loss allowance
  • $0Trading account assets
  • $3,491Bank premises and fixed assets
  • $1,688Other real estate owned
  • $0Goodwill and other intangibles
  • $171,357Life insurance assets
  • $4,124All other assets
  • $155,110Total liabilities and capital
  • $154,664Total liabilities
  • $138,690Total deposits
  • $154,664Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $446Subordinated debt
  • $16,247All other liabilities
  • $16,247Total equity capital
  • $16,247Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $5,050Surplus
  • $11,097Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $783Income earned, not collected on loans
  • $0Earning assets
  • $772Long-term assets (5+ years)
  • $158,511Average Assets, year-to-date
  • $57,260Average Assets, quarterly
  • $168,806Volatile liabilities
  • $170,082Insider loans
  • $104,343FHLB advances
  • $169,644Loans and leases held for sale
  • $2,770Unused loan commitments
  • $2,770Tier 1 (core) risk-based capital
  • $16,744Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,186Restructured Loans and leases
  • $633Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,113Total interest income
  • $1,858Total interest expense
  • $6,255Net interest income
  • $700Provision for loan and lease losses
  • $1,307Total noninterest income
  • $0Fiduciary activities
  • $831Service charges on deposit accounts
  • $0Trading account gains & fees
  • $476Additional noninterest income
  • $5,033Total noninterest expense
  • $2,651Salaries and employee benefits
  • $571Premises and equipment expense
  • $1,811Additional noninterest expense
  • $1,829Pre-tax net operating income
  • -$194Securities gains (losses)
  • $33Applicable income taxes
  • $1,602Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,602Net income attributable to bank
  • $0Net charge-offs
  • $1,602Cash dividends
  • $1,278Sale, conversion, retirement of capital stock, net
  • $430Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 7.46%Retained earnings to average equity (YTD only)
  • 1.59%Net charge-offs to loans
  • 54.77%Credit loss provision to net charge-offs
  • 1.98%Efficiency ratio
  • 66,556Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.84%Loss allowance to loans
  • 0.76%Loss allowance to noncurrent loans
  • 75.99%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 50.17%Net loans and leases to core deposits
  • 53.93%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.87%Tier 1 risk-based capital ratio
  • 16.05%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $168,806Average earning assets
  • $15,708Average equity
  • $156,015Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039168Peoples Independent Bank121 Billy B. Dyar Boulevard, Boaz, AL 35957May 02, 1988Full Service Brick and Mortar
    1261429Scottsboro Branch820 South Broad Street, Scottsboro, AL 35768November 05, 1999Full Service Brick and Mortar
    2454786Hokes Bluff Branch5690 Us Highway 278 East, Gadsden, AL 35903August 01, 2006Full Service Brick and Mortar
    3455366Douglas Branch99 Alabama Highway 168, Horton, AL 35980September 11, 2006Full Service Brick and Mortar
    4457574Steele Branch3915 Pope Avenue, Steele, AL 35987December 01, 2006Full Service Brick and Mortar

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