Peoples Bancorp of North Carolina Inc

Peoples Bancorp of North Carolina, Inc. is a bank holding company formed in 1999, primarily generating income from dividends paid by its subsidiary, Peoples Bank. The Company itself has no operations other than owning Peoples Bank and PEBK Capital Trust II. Peoples Bank, founded in 1912, is a state-chartered commercial bank serving individuals and small-to medium-sized businesses in the Catawba Valley and surrounding communities of North Carolina. The Bank operates 15 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Huntersville, and Mooresville, North Carolina. Additionally, it maintains loan production offices in Charlotte, Denver, Salisbury, and Winston-Salem, North Carolina. As of December 31, 2025, Peoples Bancorp of North Carolina, Inc. reported total assets of $1.70 billion, net loans of $1.20 billion, deposits of $1.51 billion, total securities of $380.0 million, and shareholders' equity of $157.1 million. The Bank's loan portfolio is diversified, containing no foreign loans and few agricultural loans. Real estate loans primarily consist of variable rate and fixed rate commercial property loans, including residential development loans to commercial customers. Commercial loans are distributed across various industries, with no single industry or related group accounting for a significant portion of the portfolio. The majority of the Bank's deposit and loan customers are located within its market area.