Headquartered in Bellingham, Washington, Peoples Bank is a state-chartered bank with $2.4B in total assets and $2.1B in deposits as of Q2 2026. It operates 23 offices. Its charter dates back to 1921.
Based on its Q2 2026 filing, Peoples Bank scores 78/100, which we describe as strong. That is higher than 86% of 897 banks with $1 billion – $10 billion. Among 29 banks headquartered in Washington, it ranks 5th. Its strongest component is problem-loan coverage (98/100; 0.8%), and its lowest is funding & liquidity (49/100; 92% loans-to-deposits, 33% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 4 points (74 → 78), mostly because the capital cushion component improved by 7 points.
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| Quarter | TellerScore |
|---|---|
| Q2 2024 | 72 |
| Q3 2024 | 73 |
| Q4 2024 | 75 |
| Q1 2025 | 74 |
| Q2 2025 | 74 |
| Q3 2025 | 76 |
| Q4 2025 | 77 |
| Q1 2026 | 75 |
| Q2 2026 | 78 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.38% |
| Q3 2024 | 12.36% |
| Q4 2024 | 12.48% |
| Q1 2025 | 12.28% |
| Q2 2025 | 12.59% |
| Q3 2025 | 12.70% |
| Q4 2025 | 12.78% |
| Q1 2026 | 12.56% |
| Q2 2026 | 13.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.11% |
| Q3 2024 | 0.10% |
| Q4 2024 | 0.09% |
| Q1 2025 | 0.13% |
| Q2 2025 | 0.14% |
| Q3 2025 | 0.08% |
| Q4 2025 | 0.08% |
| Q1 2026 | 0.08% |
| Q2 2026 | 0.11% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.59% |
| Q3 2024 | 0.68% |
| Q4 2024 | 0.86% |
| Q1 2025 | 0.81% |
| Q2 2025 | 0.86% |
| Q3 2025 | 0.95% |
| Q4 2025 | 1.00% |
| Q1 2026 | 0.84% |
| Q2 2026 | 0.96% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 78 | $2.4B | 13.27% | 0.11% | 0.96% | 91.6% |
| Q1 2026 | 75 | $2.5B | 12.56% | 0.08% | 0.84% | 88.0% |
| Q4 2025 | 77 | $2.5B | 12.78% | 0.08% | 1.00% | 91.3% |
| Q3 2025 | 76 | $2.5B | 12.70% | 0.08% | 0.95% | 91.4% |
| Q2 2025 | 74 | $2.4B | 12.59% | 0.14% | 0.86% | 93.3% |
| Q1 2025 | 74 | $2.4B | 12.28% | 0.13% | 0.81% | 90.5% |
| Q4 2024 | 75 | $2.5B | 12.48% | 0.09% | 0.86% | 89.5% |
| Q3 2024 | 73 | $2.4B | 12.36% | 0.10% | 0.68% | 90.5% |
| Q2 2024 | 72 | $2.4B | 12.38% | 0.11% | 0.59% | 90.6% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Washington
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cashmere Valley BankBank Cashmere, WA | 79 out of 100, Strong | $2.3B | 12.5% | 0.35% | vs |
| First Fed BankBank Port Angeles, WA | 49 out of 100, Below average | $2.1B | 9.6% | 1.28% | vs |
| Timberland BankBank Hoquiam, WA | 78 out of 100, Strong | $2.1B | 12.9% | 0.56% | vs |
| Yakima Federal Savings and Loan AssociationBank Yakima, WA | 86 out of 100, Very strong | $2.0B | 28.1% | 0.28% | vs |
| 1st Security Bank of WashingtonBank Mountlake Terrace, WA | 67 out of 100, Moderate | $3.2B | 11.4% | 0.58% | vs |
| Riverview BankBank Vancouver, WA | 54 out of 100, Below average | $1.5B | 11.0% | 0.80% | vs |
Deposit insurance
Is my money safe at Peoples Bank?
Yes. Peoples Bank is an FDIC-insured institution (FDIC certificate #6158). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 32.5% of deposits ($676.5M) are above the $250,000 FDIC insurance limit, close to the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 13.27%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
23 locations
Branches
Peoples Bank lists 23 offices in 17 cities. Most locations:
- Bellingham, WA (4)
- Lynden, WA (3)
- Mount Vernon, WA (2)
- Anacortes, WA (1)
- Arlington, WA (1)
- Burlington, WA (1)
- Coupeville, WA (1)
- East Wenatchee, WA (1)
- Edmonds, WA (1)
- Everett, WA (1)
- Everson, WA (1)
- Ferndale, WA (1)
HMDA 2025
Mortgage lending
In 2025, Peoples Bank reported 847 home-loan applications under HMDA (LEI 5493001VH4ZJNSI25781): 523 originated ($172,285,000 total), 196 denied, and 115 withdrawn or closed by the applicant. Its denial rate on decided applications was 26.8%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Peoples Bank
- Former names
- Peoples State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 6158
- RSSD ID
- 455972
- Primary regulator
- FDIC
- Holding company
- Peoples Bcorp
- Established
- January 7, 1921
- Headquarters
- 3100 Woburn St, Bellingham, WA 98226
- Website
- www.peoplesbank-wa.com
- Employees
- 384
Quick answers
Peoples Bank: common questions
Is Peoples Bank FDIC insured?
Yes. Peoples Bank is an FDIC-insured institution (FDIC certificate #6158). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Peoples Bank's TellerScore?
78 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Peoples Bank ever failed?
There is no failure record for FDIC certificate #6158 in the FDIC failed bank list.
How many branches does Peoples Bank have?
23 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Bellingham
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Westedge Federal Credit UnionCredit union Bellingham, WA | 81 out of 100, Strong | $79.2M | 17.4% | 1.32% | vs |
| North Coast Credit UnionCredit union Bellingham, WA | 79 out of 100, Strong | $426.7M | 13.8% | 0.67% | vs |
| Northwest Plus Credit UnionCredit union Everett, WA | 77 out of 100, Strong | $315.2M | 13.6% | 0.80% | vs |
| Industrial CU of Whatcom County Credit UnionCredit union Bellingham, WA | 75 out of 100, Strong | $391.6M | 12.1% | 0.26% | vs |
| Boeing Employees Credit UnionCredit union Tukwila, WA | 75 out of 100, Strong | $29.6B | 12.6% | 0.42% | vs |
| Banner BankBank Walla Walla, WA | 72 out of 100, Strong | $16.6B | 11.2% | 0.46% | vs |