Detail akcie People Bank NC online

Business Summary: Peoples Bancorp of North Carolina, Inc. serves as the holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank. The Bank has a diversified loan portfolio, with no foreign loans and few agricultural loans. The Bank’s loan portfolio also includes Individual Taxpayer Identification Number (ITIN) mortgage loans generated through its former Banco offices. It has four subsidiaries, such as Peoples Investment Services, Inc., Real Estate Advisory Services, Inc., Community Bank Real Estate Solutions, LLC (CBRES) and PB Real Estate Holdings, LLC. Peoples Investment Services, Inc. provides the Bank’s customers access to investment counseling and non-deposit investment products. Real Estate Advisory Services, Inc. provides real estate appraisal and real estate brokerage services. CBRES serves as a clearinghouse for appraisal services for community banks. PB Real Estate Holdings, LLC acquires, manages, and disposes of real property, other collateral, and assets.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Peoples Bancorp of North Carolina, Inc. interest income increased 32% to $71.9M. Net interest income after loan loss provision increased 4% to $53.2M. Net income decreased 4% to $15.5M. Net interest income after loan loss provision reflects Banking operation segment increase of 8% to $54.2M, Net Interest Margin, Total - % increase of 9% to 3.51%.