Bellingham, WA · Cert 6158 · Peoples Bcorp
State charter, non-member · FDIC · 23 branches
Q2 2026
Market Position · Bellingham, WA · 2026 SOD (annual) · 23.6% share · #1 of 14 inst. · $1.2B of $5.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.68% | 0.86% | 0.81% | 0.86% | 0.95% | 1.00% | 0.84% | 0.96% | +10 bps | |
| Return on Equity | 5.75% | 7.22% | 6.67% | 6.97% | 7.72% | 8.04% | 6.66% | 7.44% | +47 bps | |
| Net Interest Margin | 3.51% | 3.51% | 3.67% | 3.75% | 3.85% | 3.85% | 3.72% | 3.91% | +16 bps | |
| Efficiency Ratio | 79.00% | 72.96% | 75.72% | 74.00% | 71.72% | 70.84% | 75.26% | 73.70% | -30 bps | |
| Non-Interest Burden | 2.66% | 2.43% | 2.66% | 2.64% | 2.61% | 2.57% | 2.69% | 2.74% | +10 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.55% | 2.41% | 2.64% | 0.95% | 1.77% | -0.23% | 3.25% | 0.16% | -79 bps | |
| Loan Growth (YoY) | 5.91% | 5.08% | 2.84% | 3.24% | 2.24% | 1.19% | 0.02% | -2.43% | -567 bps | |
| Deposit Growth (YoY) | -1.61% | 1.79% | 2.34% | 0.26% | 1.29% | -0.81% | 2.84% | -0.71% | -98 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.10% | 0.09% | 0.13% | 0.14% | 0.08% | 0.08% | 0.08% | 0.11% | -3 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.01% | -0.01% | 0.01% | 0.02% | 0.02% | 0.00% | 0.00% | -1 bps | |
| Allowance / Loans | 1.49% | 1.49% | 1.49% | 1.48% | 1.49% | 1.50% | 1.52% | 1.50% | +3 bps | |
| Allowance Coverage of NPLs | 14.7x | 16.5x | 11.4x | 10.4x | 18.8x | 19.9x | 17.9x | 13.9x | +3.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.36% | 12.48% | 12.28% | 12.59% | 12.70% | 12.78% | 12.56% | 13.27% | +68 bps | |
| Total Risk-Based Capital | 12.36% | 12.48% | 12.28% | 12.59% | 12.70% | 12.78% | 12.56% | 13.27% | +68 bps | |
| Equity / Assets | 12.10% | 12.18% | 12.16% | 12.50% | 12.53% | 12.74% | 12.58% | 13.33% | +84 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.89% | 90.81% | 91.88% | 94.66% | 92.75% | 92.64% | 89.36% | 93.02% | -164 bps | |
| Liquid Assets / Assets | 6.25% | 8.44% | 8.12% | 7.01% | 10.15% | 11.52% | 15.42% | 12.62% | +561 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 345% | 341% | 335% | n/a | n/a | |