Local economic concentration
Most business is tied to the Catawba Valley and nearby North Carolina communities.
- Scope
- Loan demand, deposit growth, and borrower repayment capacity
- Materiality
- high
Peoples Bancorp of North Carolina, Inc
Peoples Bancorp of North Carolina, Inc. is a bank holding company headquartered in Newton, North Carolina, whose main operating business is Peoples Bank, a state-chartered commercial bank. Through its bank and subsidiaries, it provides deposit, lending, investment, appraisal, brokerage, and real estate-related services to individuals and businesses in North Carolina.
| % | |
|---|---|
| Lending | 55% Commercial, mortgage, construction, and consumer credit products originated through the bank. |
| Deposits and treasury services | 20% Core deposit accounts and related transaction services that fund the balance sheet. |
| Fee-based banking services | 10% Loan, deposit, debit card, and other banking fees plus mortgage-related income. |
| Wealth and brokerage services | 5% Investment counseling and access to non-deposit investment products through Raymond James. |
| Real estate and appraisal services | 10% Appraisal, brokerage, appraisal management, and collateral disposition services. |
The bank serves households, small businesses, and commercial borrowers in its North Carolina market area, with lending...
- Retail banking customersprimary
Individuals and households using deposit accounts, consumer loans, and online/mobile banking.
- Small business and commercial borrowersprimary
Local businesses borrowing for working capital, equipment, and commercial real estate.
- Residential and commercial real estate clientssecondary
Borrowers and property owners using mortgage, construction, appraisal, and brokerage services.
- Wealth and investment customerssecondary
Bank customers seeking brokerage, mutual funds, bonds, and annuity products.
- Community bank appraisal clientsemerging
Other banks that contract with CBRES for appraisal sourcing and management.
The company operates primarily in North Carolina, with banking offices concentrated in the Catawba Valley and...
- •Headquartered in Newton, North Carolina
- •15 banking offices across western and central North Carolina
- •Loan production offices in Charlotte, Denver, Salisbury, and Winston-Salem
- •Primary market is the Catawba Valley and nearby counties
- •Proximity to Charlotte increases competition and growth opportunity
The company’s strategy is to operate as an independent, community-oriented bank focused on local customer service and...
01
Grow in local and nearby marketsmedium-term
The bank relies on relationship banking and local knowledge to win deposits and loans.
02
Preserve community-bank service modellong-term
Fast local credit decisions and customer responsiveness are part of its competitive position.
03
Broaden fee income through subsidiariesmedium-term
Investment, appraisal, and brokerage services diversify the business beyond spread income.
The bank is exposed to local economic and real estate cycles because most lending and deposit activity is concentrated...
Commercial and residential real estate exposure
The loan book includes real estate mortgage and construction lending.
- Scope
- Collateral values and credit losses
- Materiality
- high
Cybersecurity and third-party processing risk
Online/mobile banking and transaction processing rely on external vendors and systems.
- Scope
- Customer data, transaction integrity, and reputation
- Materiality
- high
Interest-rate and funding risk
Profitability depends on the spread between loan yields and deposit/borrowed-fund costs.
- Scope
- Net interest income and deposit pricing
- Materiality
- high
Competition from larger banks
The bank operates near Charlotte and competes with larger institutions and non-local lenders.
- Scope
- Deposits, loan growth, and fee-based relationships
- Materiality
- medium
Allowance for credit losses
Provision expense and reported capital
Fair value of investment securities
Accumulated other comprehensive income and equity
Foreclosed assets and real estate held for disposition
Nonperforming asset carrying values and gains/losses on sale
Fee recognition for brokerage, appraisal, and mortgage services
Noninterest income
PEOPLES BANCORP OF NORTH CAROLINA INC
PEBK · State Commercial Banks
PEOPLES BANCORP INC
PEBO · State Commercial Banks
PEOPLES FINANCIAL CORP /MS/
PFBX · State Commercial Banks
Peoples Financial Corp.
PEOPLES FINANCIAL SERVICES CORP.
PFIS · National Commercial Banks
FIRST BANCORP /NC/
FBNC · State Commercial Banks
First Bancorp /NC/ is the bank holding company for First Bank, a North Carolina state-chartered community commercial bank headquartered in Southern Pines.
Citizens Community Bancorp Inc.
CZWI · Savings Institution, Federally Chartered
: 29/04/2026