Peoples Bank (Bellingham, WA)
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Data as of · sourced from FFIEC call reports. How we update
Peoples Bank is an FDIC-insured commercial bank headquartered in Bellingham, WA, established in 1921 (FDIC certificate 6158), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.42B, up 0.2% from Q2 2025, the 7th largest of 29 banks headquartered in Washington. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.27% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 6158
- Headquarters
- Bellingham, WA
- Established
- 1921
- Total assets, Q2 2026
- $2.42B
- Assets vs Q2 2025
- +0.2%
- Tier 1 leverage ratio, Q2 2026
- 13.27%
- Domestic offices
- 23 FDIC institution directory, current count
- Routing number
- 125104425
- Latest call report
- Q2 2026, FFIEC 041 · Peoples Bank call report
- Holding company
- PEOPLES BANCORP
- Asset rank in state
- 7th of 29 in Washington
Peoples Bank, based in Bellingham, Washington, reported $2.4 billion in assets at June 30, 2026. It shrank its loan book 2.4% over the year, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 5.9%). It also pays an average of 1.32% on its deposits and borrowings, lower than about three-quarters of banks its size (median 2.01%).
Net income for the quarter rose 20% from a year earlier, to $6.6 million. Costs are the weak spot: it spends about 72 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Peoples Bank reported a return on assets of 1.08%, a nonperforming-loan ratio of 0.11% and a Texas ratio of 0.81%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Peoples Bank is the 7th largest of the 29 banks headquartered in Washington. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.8% to $2.42B, loans fell 0.7% and deposits fell 4.6%. 1-4 family residential loans made up 23.9% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 23.1%. Its 23 offices in the FDIC Summary of Deposits are in 17 cities in WA; its Bellingham 4 offices book 29% of its branch deposits. By the capital ratios in its Q2 2026 call report, Peoples Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 3100 Woburn St, Bellingham, WA 98226
- County
- Whatcom
- Metro Area
- Bellingham, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 7, 1921
- Domestic offices
- 23 FDIC institution directory, current count
- Employees (FTE)
- 384
- Domestic deposits
- $2.08B
- Allowance for credit losses
- $29.1M
- Net charge-offs (YTD)
- $10K
- Average total assets
- $2.44B
- Average total loans
- $1.94B
- Average interest-bearing deposits
- $1.44B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 6158
- Fed RSSD
- 455972
- SEC CIK
- 1494012 → filed by PEOPLES BANCORP
- Website
- www.peoplesbank-wa.com →
- Parent Holding Company
- PEOPLES BANCORP (RSSD 1030947)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Peoples Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Peoples Bank's total assets ranged from $2.37B (Q1 2024) to $2.51B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.42B total assets against $2.41B; $2.10B total liabilities against $2.11B.
$1.91B net loans and leases against $1.95B; $2.08B total deposits against $2.10B.
$100.0M securities against $171.4M; $318.7M cash and balances due against $187.4M.
$31.1M total interest income against $30.4M; $6.9M total interest expense against $7.5M.
$24.1M net interest income against $22.9M.
$3.5M total noninterest income against $3.2M; $19.9M total noninterest expense against $18.9M.
-$434K provision for credit losses against $450K.
$6.6M net income against $5.5M.
1.08% return on assets against 0.90%; 4.08% net interest margin against 3.92%.
13.27% tier 1 leverage ratio against 12.59%.
Inside the full Peoples Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Peoples Bank rankings
Its closest position to the top of a national ranking is 505 of 4,196, for total assets; its furthest is 2,888 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.82% (Q1 2025) to 1.39% (Q4 2024) and its net interest margin ran from 3.73% (Q3 2024) to 4.26% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.27% | 1.08% | 0.11% | 0.81% | 4.08% |
| Q1 2026 | 12.56% | 0.83% | 0.08% | 0.70% | 3.83% |
| Q4 2025 | 12.78% | 1.14% | 0.08% | 0.65% | 4.06% |
| Q3 2025 | 12.70% | 1.15% | 0.08% | 0.67% | 4.26% |
| Q2 2025 | 12.59% | 0.90% | 0.14% | 0.94% | 3.92% |
| Q1 2025 | 12.28% | 0.82% | 0.13% | 0.89% | 3.78% |
| Q4 2024 | 12.48% | 1.39% | 0.09% | 0.82% | 3.80% |
| Q3 2024 | 12.36% | 0.88% | 0.10% | 0.90% | 3.73% |
Swipe the table sideways to see every column.
Branch Network
View all 23 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lynden Financial Center Branch | Lynden , WA | 98264 | $335.4M |
| Downtown Bellingham Office | Bellingham , WA | 98225 | $187.2M |
| Peoples Bank (main office) | Bellingham , WA | 98226 | $183.5M |
| Cordata Office | Bellingham , WA | 98226 | $161.9M |
| Mount Vernon Office | Mount Vernon , WA | 98273 | $128.2M |
| Burlington Office | Burlington , WA | 98233 | $111.7M |
| Ferndale Office | Ferndale , WA | 98248 | $106.1M |
| Everson Office | Everson , WA | 98247 | $102.8M |
| Ballard Office | Seattle , WA | 98107 | $100.9M |
| Wenatchee Office | Wenatchee , WA | 98801 | $86.8M |
| Fairhaven Branch | Bellingham , WA | 98225 | $70.7M |
| Anacortes Office | Anacortes , WA | 98221 | $69.6M |
| Edmonds Office | Edmonds , WA | 98020 | $59.4M |
| Mill Creek Office | Mill Creek , WA | 98012 | $59.1M |
| Coupeville Office | Coupeville , WA | 98239 | $50.4M |
| Oak Harbor Office Branch | Oak Harbor , WA | 98277 | $47.4M |
| Fairway Office | Lynden , WA | 98264 | $41.8M |
| Everett Branch | Everett , WA | 98201 | $39.8M |
| Snohomish Office | Snohomish , WA | 98290 | $37.0M |
| East Wenatchee Branch | East Wenatchee , WA | 98802 | $35.0M |
| Mount Vernon Haggen Office | Mount Vernon , WA | 98274 | $35.0M |
| West Lynden Office | Lynden , WA | 98264 | $18.4M |
| Smokey Point Branch | Arlington , WA | 98223 | $12.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 31, 2001 | Structure Change | Acquired Peoples Investments Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.0% of deposits in WA, rank 14 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 913 applications, 523 loans originated, $172.3M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 11 loans, $5.8M approved, $528K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Peoples Bank
What are Peoples Bank's total assets?
As of the Q2 2026 filing, Peoples Bank reported total assets of $2.42 billion in its FFIEC call report.
Where is Peoples Bank headquartered?
It is headquartered in Bellingham, WA, United States.
When was Peoples Bank founded?
It was established in 1921, per the FDIC institution directory.
Is Peoples Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #6158). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Peoples Bank?
Peoples Bank's primary federal regulator is the FDIC.
How many branches does Peoples Bank operate?
It operates 23 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Peoples Bank's Texas Ratio?
Its Texas Ratio is 0.81% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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