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4th Quarter 2015 Financial Results

View/Print Peoples Bank Strong Numbers - 4th Quarter 2015


Financial Highlights that drive Peoples Bank’s top performance:

  • Peoples Bank maintains a diversified loan portfolio to minimize risk. In order to do this, geographic, collateral and industry concentrations are closely monitored to help the Bank maintain appropriate risk exposures.
  • Peoples Bank is well capitalized at 10.50% equity capital to average assets.
  • Peoples Bank funds loans in our community by gathering customer deposits in the markets we serve and does not use brokered deposits to fund Bank operations.


The Bank’s portfolio performance, as measured by non-current loans and leases, continues to be stronger than industry averages. As of the last published quarterly call report on 12/31/15, the Washington State average for non-performing assets in banks over $1 billion in assets was 1.01% of total assets. As of 12/31/15, Peoples Bank’s non-performing assets were 0.62% of total assets. Non-performing assets include loans 90 days or more past due or in nonaccrual status and other real estate owned by the Bank.

Since 1921, Peoples Bank has been closely held and family controlled. We are proud of our heritage as an independent community bank. Headquartered in Bellingham, Washington, today the Bank operates 26 locations and three loan production offices serving consumers and businesses throughout Washington.

Peoples Bank is a Member FDIC. Learn more about FDIC insurance >>

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Peoples Bank is
Rated 5-Stars by Bauer

Five Star Rating

Rating as of October 2016