Peoples Bank (Munster, IN)
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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 Munster, IN, established in 1916 (FDIC certificate 29523), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.04B, down 0.9% from Q2 2025, the 15th largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 11.81% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 29523
- Headquarters
- Munster, IN
- Established
- 1916
- Total assets, Q2 2026
- $2.04B
- Assets vs Q2 2025
- -0.9%
- CET1 ratio, Q2 2026
- 11.81%
- Domestic offices
- 24 FDIC institution directory, current count
- Routing number
- 271973924
- Holding company
- FINWARD BANCORP
- Asset rank in state
- 15th of 87 in Indiana
Peoples Bank spends more to run itself than most banks of its size. The Munster, Indiana bank had $2.0 billion in assets at June 30, 2026. It earns about $0.40 a year on every $100 of assets, about a third the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 82 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $55 million equal 29% of Tier 1 capital, down from 42% a year earlier. Its $335 million non-owner-occupied commercial real estate book is improving, with 1.65% past due or on nonaccrual, down from 3.32% a year earlier. Credit is the area to watch: it carries problem assets equal to 9.7% of the capital and reserves that would absorb them, about triple the median of 3.6% for banks its size.
As of June 30, 2026, Peoples Bank reported a CET1 capital ratio of 11.81%, a return on assets of 0.40%, a nonperforming-loan ratio of 1.10% and a Texas ratio of 9.66%. The figures come from its call report filed with the FFIEC.
Peoples Bank ranks as the 15th largest of the 87 banks based in Indiana, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.3% to $2.04B, loans rose 3.4% and deposits rose 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 34.0% of total loans, ahead of non-owner-occupied commercial real estate loans at 22.3%. The FDIC Summary of Deposits lists 24 offices for it, in 19 cities across 2 states; its Munster office books 13% of its branch deposits. By the capital ratios in its Q2 2026 call report, Peoples Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 9204 Columbia Ave, Munster, IN 46321
- County
- Lake
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1916
- Former names
- Peoples Bank SB (1994-2020); Peoples Bank, A Federal Savings Bank (1989-1994)
- Domestic offices
- 24 FDIC institution directory, current count
- Employees (FTE)
- 305
- Domestic deposits
- $1.73B
- Allowance for credit losses
- $17.7M
- Net charge-offs (YTD)
- -$34K
- Average total assets
- $2.07B
- Average total loans
- $1.47B
- Average interest-bearing deposits
- $1.68B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29523
- Fed RSSD
- 568470
- SEC CIK
- 919864 → filed by FINWARD BANCORP
- Website
- http://www.ibankpeoples.com →
- Parent Holding Company
- FINWARD BANCORP (RSSD 2237118) · FNWD
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Benjamin J Bochnowski | CEO | President, CEO |
| David A Bochnowski | CHR | Executive Chairman |
| Schmitt Benjamin Louis | CFO | Chief Financial Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Peoples Bank's total assets moved between a low of $2.01B (Q1 2026) and a high of $2.11B (Q4 2023) from Q3 2023 to Q2 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
$2.04B total assets against $2.06B; $1.86B total liabilities against $1.90B.
$1.49B net loans and leases against $1.47B; $1.73B total deposits against $1.76B.
$310.2M securities against $327.8M; $94.6M cash and balances due against $103.4M.
$23.1M total interest income against $22.7M; $7.9M total interest expense against $8.7M.
$15.2M net interest income against $13.9M.
$2.4M total noninterest income against $2.7M; $14.9M total noninterest expense against $14.8M.
$264K provision for credit losses against -$274K.
$2.1M net income against $2.2M.
0.40% return on assets against 0.41%; 3.23% net interest margin against 2.97%.
11.81% CET1 capital ratio against 11.30%; 9.31% tier 1 leverage ratio against 8.69%.
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 587 of 4,196, for total assets; its furthest is 3,328 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.09% (Q1 2025) to 0.66% (Q3 2025) and its net interest margin ran from 2.50% (Q3 2024) to 3.23% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.81% | 0.40% | 1.10% | 9.66% | 3.23% |
| Q1 2026 | 12.03% | 0.44% | 0.85% | 7.55% | 3.22% |
| Q4 2025 | 11.86% | 0.37% | 0.82% | 7.16% | 3.17% |
| Q3 2025 | 11.49% | 0.66% | 0.94% | 8.75% | 3.02% |
| Q2 2025 | 11.30% | 0.41% | 0.92% | 9.27% | 2.97% |
| Q1 2025 | 11.02% | 0.09% | 0.84% | 8.66% | 2.74% |
| Q4 2024 | 11.26% | 0.39% | 0.91% | 9.63% | 2.64% |
| Q3 2024 | 11.10% | 0.11% | 0.91% | 9.11% | 2.50% |
Swipe the table sideways to see every column.
Branch Network
View all 24 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 |
|---|---|---|---|
| Peoples Bank (main office) | Munster , IN | 46321 | $225.9M |
| Merrillville East | Merrillville , IN | 46410 | $223.6M |
| Schererville | Schererville , IN | 46375 | $151.5M |
| Valpo - Calumet Avenue Branch | Valparaiso , IN | 46383 | $94.6M |
| Crown Point Branch | Crown Point , IN | 46307 | $79.6M |
| Saint John in Branch | Saint John , IN | 46373 | $73.0M |
| Peoples Bank Branch | Midlothian , IL | 60445 | $70.3M |
| Commercial Branch | Chicago , IL | 60617 | $68.5M |
| First Personal Bank Branch | Orland Park , IL | 60462 | $68.3M |
| 4901 Indianapolis Blvd. Branch | East Chicago , IN | 46312 | $64.8M |
| 8000 W 159th St Branch | Orland Park , IL | 60462 | $63.7M |
| Highland Banking Center Branch | Highland , IN | 46322 | $60.6M |
| Milwaukee Avenue Branch | Niles , IL | 60714 | $59.7M |
| Archer Avenue Branch | Chicago , IL | 60638 | $59.5M |
| 21 East Ogden Avenue Branch | Westmont , IL | 60559 | $54.4M |
| Lemont Branch | Lemont , IL | 60439 | $51.2M |
| 1501 Lake Park Avenue Branch | Hobart , IN | 46342 | $47.2M |
| Peoples Bank Cedar Lake Banking Center Branch | Cedar Lake , IN | 46303 | $42.7M |
| 5400 South Pulaski Road Branch | Chicago , IL | 60632 | $40.4M |
| Liberty Savings Bank Branch | Whiting , IN | 46394 | $39.7M |
| 7120 Indianapolis Blvd Branch | Hammond , IN | 46324 | $39.3M |
| West 55th Street Branch | Chicago , IL | 60632 | $25.7M |
| Archer Ave Branch | Chicago , IL | 60608 | $19.0M |
| Gary - 25th Avenue Branch | Gary , IN | 46404 | $10.3M |
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 |
|---|---|---|---|
| January 31, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 31, 2022 | Structure Change | Acquired Royal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 24, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 24, 2019 | Structure Change | Acquired A J Smith Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 26, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 26, 2018 | Structure Change | Acquired First Personal Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2015 | Structure Change | Acquired Liberty Savings Bank, FSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2014 | Structure Change | Acquired First Federal Savings and Loan Association of Hammond 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 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 20 against the institution (SEC Form 8-K)
- July 6, 2026, SEC Form 8-K: 8-K Item 8.01: memorandum of understanding
- June 3, 2026, SEC Form 8-K: 8-K Item 8.01: memorandum of understanding
- March 2, 2026, SEC Form 8-K: 8-K Item 8.01: memorandum of understanding
- February 24, 2026, SEC Form 8-K: 8-K Item 8.01: memorandum of understanding
- December 3, 2025, SEC Form 8-K: 8-K Item 8.01: memorandum of understanding
- Period: Most recent institution action July 6, 2026. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.5% of deposits in IN, rank 28 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 602 applications, 439 loans originated, $103.2M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $935K approved, $234K 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
- 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 $2.04 billion in its FFIEC call report.
Where is Peoples Bank headquartered?
It is headquartered in Munster, IN, United States.
When was Peoples Bank founded?
It was established in 1916, per the FDIC institution directory.
Is Peoples Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #29523). 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.
What is Peoples Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.81% in its Q2 2026 call report, above regulatory requirements.
How many branches does Peoples Bank operate?
It operates 24 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 9.66% 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.
What was Peoples Bank previously called?
The charter now named Peoples Bank has also operated as Peoples Bank SB (1994-2020), Peoples Bank, A Federal Savings Bank (1989-1994), per FDIC structure-change records.
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