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Peoples Independent Bank

Boaz, AL · Cert 27233 · Peoples Ind Bancshares Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$485.7MAssets
$189.6MLoans
$441.3MDeposits
$40.9MEquity
Loan mix
88%RE $166.6M10%C&I $18.1M3%Consumer $5.3MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $354.5M20%Noninterest $86.8MQ2 2025Q2 2026

NIM

5.40%Q2 ’245.26%Q2 ’255.12%Q2 ’26-4%-3%

Non-interest income vs. expense

2.16%Q2 ’242.22%Q2 ’252.18%Q2 ’26+4%+1%

Market Position · Gadsden, AL · 2026 SOD (annual) · 1.9% share · #11 of 12 inst. · $0.0B of $1.5B

6.7% Marshall
9.3% DeKalb
5.7% Jackson
1.9% Etowah

Executive Summary

  • Earnings: ROA of 1.34%, down 3 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.30% of loans (+12 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 9.41%, down 15 bps from a year ago.
  • Funding: loans stand at 42.95% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.35%-10 bps YoY

Efficiency Ratio (YTD, annualized)

56.63%+133 bps YoY

Tier 1 Leverage Ratio

9.41%-15 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.38%1.38%1.31%1.34%-3 bps
Return on Equity16.82%16.83%16.74%15.59%15.98%-84 bps
Net Interest Margin3.45%3.57%3.50%3.41%3.35%-10 bps
Efficiency Ratio55.30%54.73%55.15%60.63%56.63%+133 bps
Non-Interest Burden1.70%1.75%1.74%1.91%1.72%+2 bps
Growth
Asset Growth (YoY)3.30%7.70%5.39%6.00%5.22%+192 bps
Loan Growth (YoY)2.23%6.47%3.23%5.04%-1.24%-347 bps
Deposit Growth (YoY)5.88%8.13%4.87%6.12%5.11%-77 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.15%0.16%0.27%0.30%+12 bps
Net Charge-Offs / Loans0.04%0.04%0.03%0.05%0.04%0 bps
Allowance / Loans1.00%1.00%1.00%0.90%0.94%-6 bps
Allowance Coverage of NPLs5.4x6.7x6.4x3.3x3.1x-2.3x
Capital
Tier 1 Leverage Ratio9.56%9.68%9.47%9.47%9.41%-15 bps
Total Risk-Based Capital15.26%15.55%16.23%15.03%14.67%-59 bps
Equity / Assets8.19%8.30%8.55%8.20%8.42%+23 bps
Liquidity & Funding
Loans / Deposits45.71%46.94%45.87%45.22%42.95%-276 bps
Liquid Assets / Assets8.10%8.89%10.00%10.16%8.11%+1 bps
CRE / Total Capitaln/a259%264%268%n/an/a