Skip to main content

Safe and Secure

Benefit from local, private ownership.

2021 Q4 Financial Results

View/Print Peoples Bank Strong Numbers - 2021 Q4


Financial Highlights that drive Peoples Bank’s top performance:

Well Diversified

  • Peoples Bank maintains a diversified loan portfolio to minimize risk. In order to do this, geographic, collateral, and industry concentrations are closely monitored to help the Bank maintain appropriate risk exposures. Peoples Bank is also well diversified between loans to consumers and businesses.

Leading Lender

  • Peoples Bank remains committed to meeting the credit needs of the local community.

Home Lending

  • Year-to-date through December 31, 2021, Peoples Bank originated 1,852 mortgage loans. This equals $632 million in financing for Washington homeowners.

Business Lending

  • Year-to-date, the Bank extended over $368 million in new loans and commitments to local businesses.

PPP Loans

  • Under the Small Business Administration Program, Peoples Bank has made another 1,138 Paycheck Protection Loans in 2021. This provided $116 million in assistance to small businesses, impacting nearly 13,000 jobs in our local communities.

Few Non-Performing Assets

  • As of the last published quarterly call report Peoples Bank’s non-performing assets were low at 0.09% of assets.

Well Capitalized

  • Peoples Bank is well-capitalized at 9.02% equity capital to average assets. Netting out the effect of Paycheck Protection Loans this ratio is 9.14%.

Stable Funding

  • Peoples Bank funds loans in our community by gathering customer deposits in the markets we serve and does not use brokered deposits to fund banking operations.

Local, Private Ownership

  • Peoples Bank has been closely held and family managed since 1921.

Top Rated

  • In their most recent ratings, BauerFinancial awarded Peoples Bank a superior rating of five stars.


Peoples Bank is the leading locally-owned and operated community bank meeting the financial needs of businesses and
families in Whatcom, Skagit, Island, Snohomish, King, Chelan, Grant, and Douglas Counties. The Bank is closely held and operates
three principal business units: business banking, retail banking and home lending. Our twenty-threebranches and two loan
production office provide customers with added convenience and the bank with a reliable source of core funding.

For over 100 years, Peoples Bank has been actively engaged in strengthening, energizing, and supporting our communities. Learn more at

Peoples Bank is a Member FDIC. Learn more about FDIC insurance >>

Peoples Bank is
Rated 5-Stars by Bauer

Five Star Rating

Rating as of October 2022

Switch to Peoples

Our well qualified staff will make it easy.

Go to Switch Kit Find a Branch