Peoples Bancorp of North Carolina, Inc., incorporated on April 7, 1999, is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank, which serves the citizens and business interests of the Catawba Valley and surrounding communities. The Bank has approximately 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Monroe, Cornelius, Mooresville Raleigh and North Carolina. The Bank also operates loan production offices in Denver, Durham and Winston-Salem, North Carolina. The Bank has approximately $679.5 million loans, $272.2 million securities and $832.2 million deposits. The Bank operates approximately four offices focused on the Latino population under the name Banco de la Gente (Banco) and these offices are operated as a division of the Bank. Banco offers normal and customary banking services offered in the Bank's other branches, such as the taking of deposits and the making of loans. The Bank operates a Banco loan production office in Durham County and a Banco loan production office in Forsyth County, which is designed to serve the Latino market.
The Bank has a diversified loan portfolio, with no foreign loans and few agricultural loans. The Bank's real estate loans are variable-rate and fixed-rate commercial property loans, which include residential development loans to commercial customers. The Bank's Commercial loans are spread throughout a range of industries. The Bank's deposit and loan customers are individuals and small to medium-sized businesses, which are located in the Bank's market area. The Bank's loan portfolio also includes Individual Taxpayer Identification Number (ITIN) mortgage loans generated through the Bank's Banco offices. The Bank's loan portfolio consists of commercial real estate loans, commercial loans, construction and land development loans, and residential mortgage loans.
The Bank has approximately three subsidiaries, which include Peoples Investment Services, Inc., Real Estate Advisory Services, Inc. and PB Real Estate Holdings, LLC. The Bank, through Raymond James Financial Services, Inc. and Peoples Investment Services, Inc., provides the Bank's customers access to investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities and related brokerage services. Real Estate Advisory Services, Inc. provides real estate appraisal and real estate brokerage services. PB Real Estate Holdings, LLC is engaged in acquiring, managing and disposing real property, other collateral and other assets.
518 W C St,
The company trades on NASDAQ exchange. The company headquarter is located in North Carolina, NC. The company was established in the 1912.| Ticker | PEBK |
| Long Name | Peoples Bancorp of North Carolina, Inc. |
| Short Name | Peoples Bancorp of North Carolina |