TellerScore

Peoples Independent Bank (FDIC certificate #27233) is based in Boaz, Alabama. Its Q2 2026 call report shows $485.7M in total assets and $441.3M in deposits and 9 offices.

Peoples Independent Bank has a TellerScore of 75 out of 100 (strong) based on Q2 2026 data — higher than 61% of its 2,650 banks with $100 million – $1 billion. Among 93 banks headquartered in Alabama, it ranks 35th. Problem-loan coverage contributes the most (97/100, 1.3%); capital cushion contributes the least (44/100, 9.41%).

TellerScore · Q2 2026

Scorecard

Capital cushion44/100
Tier 1 leverage ratio: 9.41%
Loan quality90/100
Noncurrent loans ÷ total loans: 0.30%
Earnings84/100
Return on assets (annualized): 1.60%
Funding & liquidity88/100
Loans ÷ deposits and uninsured-deposit share: 42.5% · 26.1% uninsured
Problem-loan coverage97/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 1.34%

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 fell 2 points (77 → 75), mostly because the loan quality component weakened by 4 points.

TellerScore
757778Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202477
Q3 202477
Q4 202477
Q1 202576
Q2 202577
Q3 202578
Q4 202578
Q1 202676
Q2 202675
Tier 1 leverage ratio
5.00%7.34%9.68%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.49%
Q3 20249.47%
Q4 20249.50%
Q1 20259.56%
Q2 20259.56%
Q3 20259.68%
Q4 20259.47%
Q1 20269.47%
Q2 20269.41%
Noncurrent loans
0.15%0.28%0.41%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.32%
Q3 20240.41%
Q4 20240.39%
Q1 20250.28%
Q2 20250.19%
Q3 20250.15%
Q4 20250.16%
Q1 20260.27%
Q2 20260.30%
Return on assets
1.55%1.72%1.89%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.83%
Q3 20241.89%
Q4 20241.87%
Q1 20251.57%
Q2 20251.63%
Q3 20251.64%
Q4 20251.66%
Q1 20261.55%
Q2 20261.60%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202675$485.7M9.41%0.30%1.60%42.5%
Q1 202676$485.6M9.47%0.27%1.55%44.8%
Q4 202578$476.6M9.47%0.16%1.66%45.4%
Q3 202578$476.0M9.68%0.15%1.64%46.5%
Q2 202577$461.6M9.56%0.19%1.63%45.3%
Q1 202576$458.1M9.56%0.28%1.57%45.2%
Q4 202477$452.2M9.50%0.39%1.87%46.1%
Q3 202477$442.0M9.47%0.41%1.89%47.2%
Q2 202477$446.8M9.49%0.32%1.83%46.9%

2,650 peers · $100 million – $1 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).

Capital ratio9.41%
19th
Total risk-based capital14.67%
66th
Problem loans0.30%
57th
Net charge-offs0.03%
32nd
Return on assets1.60%
71st
Net interest margin3.56%
31st
Efficiency ratio56.6%
68th
Loans to deposits42.5%
95th
Uninsured deposits26.1%
42nd
Loan-loss reserves0.94%
20th
Texas ratio1.3%
65th

Similar-size banks in Alabama

InstitutionScoreAssetsCapitalProblem loansCompare
EvaBankBank Eva, AL78 out of 100, Strong$490.6M27.8%1.61%vs
Robertson Banking CompanyBank Demopolis, AL83 out of 100, Strong$462.7M11.3%0.13%vs
Cullman Savings BankBank Cullman, AL76 out of 100, Strong$456.7M18.6%0.41%vs
The Bank of VernonBank Vernon, AL85 out of 100, Very strong$445.4M16.6%0.47%vs
First Jackson Bank, Inc.Bank Stevenson, AL93 out of 100, Very strong$444.3M14.8%0.08%vs
NobleBank & TrustBank Anniston, AL81 out of 100, Strong$444.0M11.3%0.26%vs

Deposit insurance

Is my money safe at Peoples Independent Bank?

Yes. Peoples Independent Bank is an FDIC-insured institution (FDIC certificate #27233). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 26.1% of deposits ($115.3M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.41%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.67% (benchmark: 10%).

Check how much of your own balance is covered

9 locations

Branches

Peoples Independent Bank lists 9 offices in 8 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Peoples Independent Bank reported 79 home-loan applications under HMDA (LEI 549300IXFXFD6OCKNJ26): 61 originated ($14,105,000 total), 9 denied, and 9 withdrawn or closed by the applicant. Its denial rate on decided applications was 12.9%, 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 Independent Bank
Former names
Peoples Independent Bank of Boaz
Type
State-chartered bank
FDIC certificate #
27233
RSSD ID
1188987
Primary regulator
FDIC
Holding company
Peoples Ind Bancshares Inc
Established
May 2, 1988
Headquarters
121 Billy B. Dyar Boulevard, Boaz, AL 35957
Employees
78

Quick answers

Peoples Independent Bank: common questions

Is Peoples Independent Bank FDIC insured?

Yes. Peoples Independent Bank is an FDIC-insured institution (FDIC certificate #27233). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Peoples Independent Bank's TellerScore?

75 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 Independent Bank ever failed?

There is no failure record for FDIC certificate #27233 in the FDIC failed bank list.

How many branches does Peoples Independent Bank have?

9 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Boaz

InstitutionScoreAssetsCapitalProblem loansCompare
Family Security Credit UnionCredit union Decatur, AL95 out of 100, Very strong$1.1B19.9%0.61%vs
The Exchange Bank of AlabamaBank Altoona, AL91 out of 100, Very strong$392.5M15.3%0.04%vs
First Bank of BoazBank Boaz, AL88 out of 100, Very strong$239.8M19.7%0.05%vs
First State Bank of DeKalb CountyBank Fort Payne, AL86 out of 100, Very strong$353.8M14.1%0.84%vs
Redstone Federal Credit UnionCredit union Huntsville, AL85 out of 100, Very strong$8.6B13.9%0.70%vs
Liberty BankBank Geraldine, AL81 out of 100, Strong$258.6M11.3%0.15%vs