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Peoples Bank - Strong Numbers

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Benefit from local, private ownership.

2023 Q2 Financial Results

View/Print Peoples Bank Strong Numbers - 2023 Q2


Financial Highlights that drive Peoples Bank’s top performance:

Well Diversified

  • 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 also well diversified between loans to consumers and businesses.

Leading Lender

  • Peoples Bank remains commited to meeting the credit needs of the local community.

Home Lending

  • Year-to-date through June 30, 2023, Peoples Bank originated 174 mortgage loans. This equals $78.8 million in financing for Washington homeowners.

Business Lending

  • Year-to-date, the Bank extended over $91 million in renewed or new loans and commitments to local businesses.

Few Non-Performing Assets

  • As of the last published quarterly call report Peoples Bank’s non-performing assets were low at 0.05% of assets. 

Well Capitalized

  • Peoples Bank is well-capitalized at 11.03% Tier 1 Leverage Ration to average assets. This is in excess of the 9.00% ratio needed to be considered Well Capitalized for Community Banks.

Loan Loss Reserve

  • Peoples Bank holds $28 million in its Loan Loss Reserve which equates to 1.55% of total loans the bank holds.

Stable Funding

  • Peoples Bank funds loans in our community by gathering customer deposits in the markets we serve and does not use brokered deposits or other borrowings to fund banking operations.

Local, Private Ownership

  • Peoples Bank has been closely held and family managed since 1921.

Top Rated

  • In their most recent ratings, BauerFinancial awarded Peoples Bank a superior rating of five stars.


Peoples Bank is the leading locally-owned and operated community bank meeting the financial needs of businesses and families in Whatcom, Skagit, Island, Snohomish, King, Chelan, Douglas, and Grant Counties. The Bank is closely held and operates three principal business units: business banking, retail banking and home lending. Our twenty-five locations provide customers with added convenience and the bank with a reliable source of core funding.

For over 100 years, Peoples Bank has been actively engaged in strengthening, energizing, and supporting our communities. Learn more at

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

Peoples Bank is
Rated 5-Stars by Bauer

Five Star Rating

Rating as of October 2023

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5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of October 2023