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PEOPLES BANCORP OF NORTH CAROLINA INC
PEBKCIK 0001093672NasdaqAcceleratedSmaller ReportingState Commercial BanksNorth CarolinaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$19.83M
Total Assets
$1.70B
Equity
$157.12M
Shares Out
5.46M
Op. Cash Flow
$21.37M
Business
Peoples Bancorp of North Carolina is a bank holding company that owns Peoples Bank, a state-chartered commercial bank providing deposit-taking, lending, and investment services to individuals and small-to-medium-sized businesses across 15 banking offices and four loan production offices in North Carolina, primarily in the Catawba Valley region. Subsidiaries offer investment advisory, real estate appraisal, brokerage, and real estate management services.
Summary from 10-K filed 2026-03-11
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 67 | 63 | 56 | 43 | 41 | |
| Interest on due from banks | 3 | 3 | 2 | 2 | 258,000 | |
| U.S. Government sponsored enterprises | 8 | 10 | 9 | 4 | 2 | |
| States and political subdivisions | 3 | 3 | 3 | 4 | 3 | |
| Other | 2 | 2 | — | — | — | |
| Total interest income | 84 | 81 | 72 | 54 | 47 | |
| Now, MMDA & savings deposits | 11 | 10 | 7 | 2 | — | |
| Time deposits | 13 | 14 | 8 | 562,000 | 752,000 | |
| Junior subordinated debentures | 959,000 | 1 | 1 | 529,000 | 280,000 | |
| Other | 0 | 985,000 | — | — | 144,000 | |
| Total interest expense | 25 | 27 | 17 | 3 | 3 | |
| Net interest income | 59 | 54 | — | — | 44 | |
| Provision for (recovery of) credit losses | 938,000 | −285,000 | 2 | 1 | −1 | |
| Net interest income after provision for credit losses | 58 | 54 | 53 | 50 | 45 | |
| Service charges | 6 | 6 | — | — | — | |
| Other service charges and fees | 696,000 | 685,000 | 697,000 | 734,000 | 803,000 | |
| Gain ( loss) on sale of securities, net | −78,000 | 5,000 | −2 | 0 | 0 | |
| Gain on sale of premises and equipment | 3 | 0 | 184,000 | −85,000 | 105,000 | |
| Mortgage banking income | 327,000 | 357,000 | 301,000 | 393,000 | 3 | |
| Insurance and brokerage commissions | 1 | 989,000 | 929,000 | 945,000 | 1 | |
| Appraisal management fee income | 14 | 12 | 10 | 12 | 9 | |
| Miscellaneous | 7 | 8 | 8 | 8 | 8 | |
| Total non-interest income | 31 | 28 | 23 | 27 | 25 | |
| Salaries and employee benefits | 28 | 28 | — | — | — | |
| Occupancy | 9 | 9 | 8 | 8 | 8 | |
| Professional fees | 3 | 2 | 2 | 2 | 2 | |
| Advertising | 1 | 791,000 | — | — | — | |
| Debit card expense | 2 | 1 | 1 | 1 | 1 | |
| FDIC insurance | 776,000 | 764,000 | 745,000 | 461,000 | 415,000 | |
| Appraisal management fee expense | 11 | 9 | 8 | 9 | 7 | |
| Other | 9 | 10 | 10 | 8 | 8 | |
| Total non-interest expense | 63 | 61 | 56 | 56 | 51 | |
| Earnings before income taxes | 26 | 21 | 20 | 20 | 19 | |
| Income tax expense | 6 | 5 | 4 | 4 | 4 | |
| Net earnings | 20 | 16 | 16 | 16 | 15 | |
| Basic net earnings per share | 3.74 | 3.08 | 2.87 | 2.94 | 2.71 | |
| Diluted net earnings per share | 3.62 | 2.98 | 2.77 | 2.85 | 2.63 | |
| Cash dividends declared per share | 0.96 | 0.92 | 0.91 | 0.87 | 0.66 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 28 | 31 | 33 | 50 | 45 | |
| Interest-bearing deposits | 30 | 28 | 50 | 22 | 233 | |
| Cash and cash equivalents | 58 | 59 | 82 | 72 | 277 | |
| Investment securities available for sale | 377 | 388 | — | — | — | |
| Other investments | 3 | 3 | 3 | 3 | 4 | |
| Total securities | 380 | 391 | 395 | — | — | |
| Mortgage loans held for sale | 1 | 1 | 686,000 | 211,000 | — | |
| Loans | 1,204 | 1,138 | 1,093 | 1,033 | — | |
| Less allowance for credit losses | −10 | −10 | — | — | — | |
| Net loans | 1,194 | 1,128 | 1,082 | 1,022 | — | |
| Premises and equipment, net | 14 | 15 | 17 | 18 | 16 | |
| Cash surrender value of life insurance | 18 | 18 | 18 | 18 | 17 | |
| Other real estate | 0 | 369,000 | 0 | — | 0 | |
| Right of use lease asset | 3 | 4 | 5 | 5 | 5 | |
| Accrued interest receivable and other assets | 33 | 35 | 36 | 38 | — | |
| Total assets | 1,702 | 1,652 | 1,636 | 1,621 | 1,624 | |
| Noninterest-bearing demand | 395 | 402 | 433 | 523 | 514 | |
| Interest-bearing demand, MMDA & savings | 761 | 741 | 620 | 814 | — | |
| Time, over $250,000 | 160 | 147 | — | — | — | |
| Other time | 193 | 194 | 190 | — | — | |
| Total deposits | 1,509 | 1,485 | 1,392 | 1,435 | 1,413 | |
| Junior subordinated debentures | 15 | 15 | 15 | 15 | 15 | |
| Lease liability | 4 | 4 | — | 5 | 5 | |
| Accrued interest payable and other liabilities | 17 | 17 | 16 | 12 | 12 | |
| Total liabilities | 1,545 | 1,521 | 1,515 | 1,516 | 1,482 | |
| Preferred stock, no par value; authorized 5,000,000 shares; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value; authorized 20,000,000 shares; issued and outstanding 5,457,646 shares at December 31, 2024 and 5,534,499 shares at December 31, 2023 | 49 | 49 | 51 | 53 | 53 | |
| Common stock held by deferred compensation trust, at cost; 158,580 shares at December 31, 2024 and 163,702 shares at December 31, 2023 | −2 | −2 | — | — | — | |
| Deferred compensation | 2 | 2 | 2 | — | — | |
| Retained earnings | 136 | 121 | 110 | 100 | 89 | |
| Accumulated other comprehensive loss | −27 | −39 | −39 | −48 | 96,000 | |
| Total shareholders' equity | 157 | 131 | 121 | 105 | 142 | |
| Total liabilities and shareholders' equity | 1,702 | 1,652 | 1,636 | 1,621 | 1,624 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net earnings | 20 | 16 | — | — | — | |
| Depreciation, amortization and accretion, net | 3 | 3 | 3 | 6 | 6 | |
| Deferred income taxes | 432,000 | 1 | −453,000 | −541,000 | −227,000 | |
| Gain on sale of held for sale mortgage loans | −277,000 | −287,000 | −225,000 | −349,000 | — | |
| (Gain) loss on sale of investment securities, net | 78,000 | −5,000 | −2 | 0 | 0 | |
| Gain on sale of other real estate | −13,000 | 0 | — | — | −21,000 | |
| Write-down of other real estate | 0 | 31,000 | — | — | — | |
| Gain on sale of premises and equipment | −3 | 0 | — | — | — | |
| Write-down of premises and equipment | 71,000 | 362,000 | — | — | — | |
| Restricted stock expense | 190,000 | 212,000 | 187,000 | 249,000 | 181,000 | |
| Proceeds from sales of loans held for sale | 15 | 19 | 16 | 23 | 98 | |
| Origination of loans held for sale | −15 | −20 | −17 | −19 | −93 | |
| Cash surrender value of life insurance | −602,000 | −470,000 | −431,000 | −403,000 | −397,000 | |
| Right of use lease asset | 536,000 | 718,000 | −755,000 | −1 | 738,000 | |
| Other assets | 1 | 80,000 | −310,000 | −3 | −554,000 | |
| Lease liability | −521,000 | −696,000 | −723,000 | −2 | −721,000 | |
| Other liabilities | −532,000 | 1 | 2 | 131,000 | 3 | |
| Net cash provided by operating activities | 21 | 21 | 23 | 23 | 27 | |
| Purchases of investment securities available for sale | −18 | −29 | −10 | −150 | −209 | |
| Proceeds from calls and maturities of investment securities available for sale | 3 | 3 | 1 | 0 | 0 | |
| Proceeds from sales of investment securities available for sale | 20 | 12 | — | — | — | |
| Proceeds from paydowns of investment securities available for sale | 20 | 18 | — | — | — | |
| Proceeds from paydowns of other investment securities | 228,000 | 201,000 | 150,000 | 1 | 201,000 | |
| Purchase of FHLB Stock | −11,000 | −10,000 | −323,000 | −105,000 | — | |
| Net change in loans | −67 | −46 | −61 | −148 | 64 | |
| Purchases of premises and equipment | −1 | −587,000 | −2 | −5 | −484,000 | |
| Proceeds from sale of other real estate and repossessions | 382,000 | 0 | 0 | 0 | 149,000 | |
| Proceeds from bank owned life insurance | 440,000 | 929,000 | 0 | 65,000 | 0 | |
| Net cash used by investing activities | −42 | −43 | −753,000 | −256 | −106 | |
| Net change in deposits | 24 | 93 | −43 | −22 | 192 | |
| Net change in securities sold under agreement to repurchase | 0 | −87 | 39 | 11 | 11 | |
| Proceeds from FRB borrowings | 1,000 | 1,000 | — | — | — | |
| Repayments of FRB borrowings | −1,000 | −1,000 | −1,000 | −1,000 | 0 | |
| Proceeds from Fed Funds Purchased | 162,000 | 162,000 | — | — | — | |
| Repayments of Fed Funds Purchased | −162,000 | −162,000 | — | — | — | |
| Restricted stock units vested | 50,000 | 51,000 | — | — | — | |
| Excise tax on stock repurchased | 0 | −20,000 | — | — | — | |
| Common stock repurchased | 0 | −2 | −2 | −710,000 | −4 | |
| Cash dividends paid on common stock | −5 | −5 | −5 | −5 | −4 | |
| Net cash (used) provided by financing activities | 19 | −1 | −11 | 27 | 195 | |
| Net change in cash and cash equivalents | −1 | −23 | 11 | −206 | 116 | |
| Interest | 25 | 28 | 16 | 3 | 3 | |
| Income taxes, federal | 4 | 4 | — | — | — | |
| Income taxes, state | 513,000 | 750,000 | — | — | — | |
| Change in unrealized loss on investment securities available for sale, net | 12 | 208,000 | — | — | — | |
| Transfer of loans to other real estate | 0 | 400,000 | — | 0 | 0 | |
| Initial recognition of lease right of use asset and lease liability | 263,000 | 0 | 370,000 | 2 | 2 | |
| DOT settlement receivable | 3 | 0 | — | — | — |
Filings
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Frequently asked questions
What is PEOPLES BANCORP OF NORTH CAROLINA INC's CIK number?
PEOPLES BANCORP OF NORTH CAROLINA INC's SEC CIK number is 0001093672 (1093672). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PEOPLES BANCORP OF NORTH CAROLINA INC's SEC filings?
All of PEOPLES BANCORP OF NORTH CAROLINA INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PEOPLES BANCORP OF NORTH CAROLINA INC last report earnings?
PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) most recently filed an earnings 8-K with the SEC on Apr 20, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-26-003709). This is PEOPLES BANCORP OF NORTH CAROLINA INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is PEOPLES BANCORP OF NORTH CAROLINA INC's most recent earnings 8-K?
PEOPLES BANCORP OF NORTH CAROLINA INC's latest earnings 8-K (Item 2.02) was filed Apr 20, 2026 under accession 0001654954-26-003709. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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