Peoples Independent Bank
Boaz, AL
IDRSSD: 1188987
Total Assets
$476.62M
Latest filing
Total Deposits
$432.07M
Latest filing
Net Interest Margin
3.95%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
062203942BOAZ, AL
Key People
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Locations
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Main Office
Peoples Independent Bank
121 Billy B. Dyar Boulevard
Boaz, AL 35957
Full Service - Brick and Mortar
Updated 01/30/2026Established 05/02/1988FDIC Certificate 39168
Branches (8)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Peoples Independent Bank (Main) | 121 Billy B. Dyar Boulevard | Boaz, AL |
| HORIZON BANK BRANCH | 1167 Main St | Fyffe, AL |
| POWELL BRANCH | 3736 Main Street Powell | Fyffe, AL |
| SYLVANIA BRANCH | 23083 Alabama Highway 75 | Sylvania, AL |
| SCOTTSBORO BRANCH | 820 S Broad St | Scottsboro, AL |
| HOKES BLUFF BRANCH | 5690 Us Highway 278 E | Gadsden, AL |
| DOUGLAS BRANCH | 99 Alabama Highway 168 | Horton, AL |
| STEELE BRANCH | 3915 Pope Ave | Steele, AL |
Showing 7 of 8
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 05/02/1988 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 35957 |
| State and County Number | 01095 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Albertville, AL |
Operational Info
| Number of Employees | 84 |
| Domestic Offices | 9 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 05/02/1988 |
| Primary Insurance Agency | DIF |
| Website | http://www.pibonline.com |
| Data Updated | 01/30/2026 |
| CERT | 27233 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $476.62M |
| Total Deposits | $432.07M |
| Total Liabilities | $435.86M |
| Total Equity Capital | $40.76M |
| Net Income | $2.02M |
| Net Loans and Leases | $196.18M |
| Assets Per Employee ($Millions) | $5.81M |
| Bank Premises and Fixed Assets | $3.96M |
| Cash and Balances due from Depository Institutions | $69.50M |
| Deposits Held in Domestic Offices | $432.07M |
Key Performance Ratios
| Return on Assets (ROA) | 1.7% |
| Return on Equity (ROE) | 20.14% |
| Net Interest Margin | 3.95% |
| Efficiency Ratio | 56.35% |
| Tier 1 Risk-Based Capital Ratio | 15.539% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.03% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.552% |
| Earning Assets to total Assets | 89.16% |
Income and Expense
| Total Interest Income | $6.39M |
| Total Noninterest Income | $592.00k |
| Total Interest Expense | $2.16M |
| Total Noninterest Expense | $2.75M |
| Net Interest Income | $4.23M |
| Pre-tax Net Operating Income | $2.10M |
| Provision for Credit Losses | $-30,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $19.86M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $3.79M |
| Total Liabilities and Capital | $476.62M |
Securities
| Securities | $165.46M |
| Available-for-sale debt securities | $161.26M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $4.20M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Peoples Independent Bank?
$476.62M as of the latest filing.
How much are Peoples Independent Bank's total deposits?
$432.07M in total deposits.
Where is Peoples Independent Bank located?
Boaz, AL.
What is the Net Interest Margin?
3.95%.
How many domestic offices does it operate?
9.
When was it established?
05/02/1988.
What is the Return on Assets (ROA)?
1.7%.
How much are total loans and leases?
$196.18M (latest filing).
What is the total interest income (latest filing)?
$6.39M.