Peoples Bank of Alabama
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Data as of · sourced from FFIEC call reports. How we update
Peoples Bank of Alabama is an FDIC-insured commercial bank headquartered in Cullman, AL, established in 1977 (FDIC certificate 22537), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.42B, up 0.1% from Q2 2025, the 10th largest of 93 banks headquartered in Alabama. Its CET1 capital ratio was 15.73% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 22537
- Headquarters
- Cullman, AL
- Established
- 1977
- Total assets, Q2 2026
- $1.42B
- Assets vs Q2 2025
- +0.1%
- CET1 ratio, Q2 2026
- 15.73%
- Domestic offices
- 28 FDIC institution directory, current count
- Routing number
- 062203010
- Latest call report
- Q2 2026, FFIEC 041 · Peoples Bank of Alabama call report
- Holding company
- ALTRUST FINANCIAL SERVICES, INC.
- Asset rank in state
- 10th of 93 in Alabama
Problem loans are rising at Peoples Bank of Alabama. Based in Cullman, Alabama, it had $1.4 billion in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.56% of loans from 0.15% a year earlier. It lost 1.3% of its deposits over the year, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 5.1%). It also returns 20.0% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.6%).
Loans and deposits moved in opposite directions: over the year loans rose 4.8% and deposits fell 1.3%. Unrealized losses on its securities total $25 million, equal to 15% of Tier 1 capital, against 20% a year earlier. Funding is the softer spot: it holds about half of its deposits (46%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, Peoples Bank of Alabama reported a CET1 capital ratio of 15.73%, a return on assets of 1.99%, a nonperforming-loan ratio of 0.56% and a Texas ratio of 3.54%. The figures come from its call report filed with the FFIEC.
Peoples Bank of Alabama ranks as the 10th largest of the 93 banks based in Alabama, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.5% to $1.42B, loans fell 0.1% and deposits fell 0.7%. Non-owner-occupied commercial real estate loans made up 30.7% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 21.0%. Its 28 offices in the FDIC Summary of Deposits are in 25 cities in AL; its Cullman 2 offices book 16% of its branch deposits. Judged on its Q2 2026 call report, Peoples Bank of Alabama meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1912 Cherokee Ave Sw, Cullman, AL 35055
- County
- Cullman
- Metro Area
- Cullman, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- October 24, 1977
- Former names
- Peoples Bank of North Alabama (1994-2008); Peoples Bank of Cullman County (1983-1994)
- Domestic offices
- 28 FDIC institution directory, current count
- Employees (FTE)
- 281
- Domestic deposits
- $1.27B
- Allowance for credit losses
- $14.9M
- Net charge-offs (YTD)
- $414K
- Average total assets
- $1.45B
- Average total loans
- $921.4M
- Average interest-bearing deposits
- $823.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 24, 1977
- FDIC Cert
- 22537
- Fed RSSD
- 60330
- SEC CIK
- 1174771 → filed by ALTRUST FINANCIAL SERVICES, INC.
- Website
- www.peoplesbankal.com →
- Parent Holding Company
- ALTRUST FINANCIAL SERVICES, INC. (RSSD 1136595)
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 of Alabama's total assets moved between a low of $1.27B (Q3 2023) and a high of $1.43B (Q1 2026) 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
$1.42B total assets against $1.42B; $1.28B total liabilities against $1.30B.
$908.0M net loans and leases against $865.7M; $1.27B total deposits against $1.29B.
$215.5M securities against $198.3M; $207.9M cash and balances due against $267.4M.
$19.9M total interest income against $20.2M; $4.3M total interest expense against $4.7M.
$15.7M net interest income against $15.5M.
$3.6M total noninterest income against $3.4M; $11.5M total noninterest expense against $11.3M.
$135K provision for credit losses against $131K.
$7.2M net income against $7.1M.
1.99% return on assets against 1.96%; 4.53% net interest margin against 4.49%.
15.73% CET1 capital ratio against 14.96%; 11.19% tier 1 leverage ratio against 10.18%.
Inside the full Peoples Bank of Alabama 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 of Alabama rankings
Its closest position to the top of a national ranking is 498 of 3,611, for ROA; its furthest is 1,741 of 3,606, for efficiency ratio.
Metric pages for Peoples Bank of Alabama: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.77% (Q4 2024) to 2.01% (Q4 2025) and its net interest margin ran from 4.28% (Q1 2025) to 4.54% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.73% | 1.99% | 0.56% | 3.54% | 4.53% |
| Q1 2026 | 15.58% | 1.82% | 0.46% | 3.03% | 4.43% |
| Q4 2025 | 15.77% | 2.01% | 0.19% | 1.36% | 4.50% |
| Q3 2025 | 15.21% | 1.96% | 0.15% | 1.17% | 4.48% |
| Q2 2025 | 14.96% | 1.96% | 0.16% | 1.41% | 4.49% |
| Q1 2025 | 14.71% | 1.81% | 0.23% | 1.45% | 4.28% |
| Q4 2024 | 14.64% | 1.77% | 0.20% | 1.28% | 4.43% |
| Q3 2024 | 14.40% | 1.92% | 0.15% | 0.97% | 4.54% |
Swipe the table sideways to see every column.
Branch Network
View all 28 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 of Alabama (main office) | Cullman , AL | 35055 | $176.0M |
| Sixth Street Branch | Decatur , AL | 35601 | $111.7M |
| Warrior Branch | Warrior , AL | 35180 | $102.0M |
| Centre Bank | Centre , AL | 35960 | $77.3M |
| Guntersville 2 Branch | Guntersville , AL | 35976 | $71.0M |
| Gardendale Branch | Gardendale , AL | 35071 | $61.4M |
| Hartselle Branch | Hartselle , AL | 35640 | $60.0M |
| Decatur Southeast Branch | Decatur , AL | 35601 | $54.5M |
| Albertville U.S. Hwy 431 Branch | Albertville , AL | 35950 | $54.3M |
| Oneonta Branch | Oneonta , AL | 35121 | $48.4M |
| Arab Branch | Arab , AL | 35016 | $46.3M |
| Parkway Branch | Arab , AL | 35016 | $41.8M |
| Gadsden Branch | Gadsden , AL | 35901 | $37.9M |
| North Cullman Branch | Cullman , AL | 35055 | $33.0M |
| Pelham Branch | Pelham , AL | 35124 | $31.0M |
| Huntsville Branch | Huntsville , AL | 35801 | $27.5M |
| Holly Pond Branch | Holly Pond , AL | 35083 | $26.1M |
| Blountsville Branch | Blountsville , AL | 35031 | $24.9M |
| Hanceville Branch | Hanceville , AL | 35077 | $23.2M |
| Dodge City Branch | Dodge City , AL | 35077 | $22.9M |
| Somerville Branch | Somerville , AL | 35670 | $22.1M |
| Laceys Spring Branch | Laceys Spring , AL | 35754 | $21.0M |
| Boaz Branch | Boaz , AL | 35957 | $21.0M |
| Locust Fork Branch | Locust Fork , AL | 35097 | $18.8M |
| Trussville Branch | Trussville , AL | 35173 | $17.7M |
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 |
|---|---|---|---|
| August 18, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 16, 2014 | Structure Change | Acquired Generations Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 21, 1994 | Structure Change | Acquired Altus Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in AL, rank 22 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 167 applications, 88 loans originated, $19.1M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 7 loans, $2.8M approved, $405K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 of Alabama
What are Peoples Bank of Alabama's total assets?
As of the Q2 2026 filing, Peoples Bank of Alabama reported total assets of $1.42 billion in its FFIEC call report.
Where is Peoples Bank of Alabama headquartered?
It is headquartered in Cullman, AL, United States.
When was Peoples Bank of Alabama founded?
It was established in 1977, per the FDIC institution directory.
Is Peoples Bank of Alabama FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22537). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Peoples Bank of Alabama?
Peoples Bank of Alabama's primary federal regulator is the FDIC.
What is Peoples Bank of Alabama's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.73% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Peoples Bank of Alabama operate?
It operates 28 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 of Alabama's Texas Ratio?
Its Texas Ratio is 3.54% 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 of Alabama previously called?
The charter now named Peoples Bank of Alabama has also operated as Peoples Bank of North Alabama (1994-2008), Peoples Bank of Cullman County (1983-1994), per FDIC structure-change records.
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