PeoplesBank, a Codorus Valley Company (merged into Orrstown Bank)
PeoplesBank, a Codorus Valley Company reported total assets of $2.2 bn at Q2 2024, its last Call Report before it merged into Orrstown Bank. The CET1 capital ratio at PeoplesBank, a Codorus Valley Company was 14.68%, and the uninsured share of PeoplesBank, a Codorus Valley Company was 12.93%. Source: FDIC Call Reports.
What sets PeoplesBank, a Codorus Valley Company apart
Nothing in the latest data sets PeoplesBank, a Codorus Valley Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is PeoplesBank, a Codorus Valley Company?
The balance sheet of PeoplesBank, a Codorus Valley Company at : assets $2.2 bn, deposits $2.0 bn, net loans $1.7 bn (loans equal to 87.75% of deposits). Securities make up 14.9% of total assets at PeoplesBank, a Codorus Valley Company. Since , when PeoplesBank, a Codorus Valley Company held $1.4 bn, its assets grew 55.9%. In the year to , deposits at PeoplesBank, a Codorus Valley Company rose 3.6% while its total assets rose 0.3%. At , PeoplesBank, a Codorus Valley Company employed 318 full-time equivalent staff across 30 offices, about $7.0 mn of assets per employee and $65.2 mn of deposits per office.
How much funding at PeoplesBank, a Codorus Valley Company is uninsured?
At PeoplesBank, a Codorus Valley Company, uninsured deposits (above the FDIC limit) made up 12.93% of domestic deposits at (-3.29 pp on a year earlier). In dollars, PeoplesBank, a Codorus Valley Company estimated $252.8 mn of uninsured deposits.
Key facts, Q2 2024
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.0 bn | $1.9 bn (Q2 2023) | |
| Net loans and leases | $1.7 bn | $1.7 bn (Q2 2023) | |
| Loan-to-deposit ratio | 87.75% | 88.00% (Q2 2023) | |
| Tier 1 leverage ratio | 11.83% | 11.63% (Q2 2023) | |
| Total risk-based capital ratio | 15.88% | 15.66% (Q2 2023) | |
| Net interest margin | 3.50% | 4.03% (Q2 2023) | |
| Return on assets (ROA) | 0.53% | 1.36% (Q2 2023) | |
| Efficiency ratio | 84.95% | 59.43% (Q2 2023) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $43.9 mn | Narrowed by $2.7 mn | |
| Noncurrent loans to total loans | 0.51% | 0.67% (Q2 2023) | |
| Net charge-offs to average loans | 0.06% | 0.17% (Q2 2023) |
US rank of PeoplesBank, a Codorus Valley Company: 1 = highest unless marked 1 = lowest.
Balance sheet
PeoplesBank, a Codorus Valley Company: assets, deposits and loans
- Total assets $2.2bn
- Deposits $2.0bn
- Net loans $1.7bn
Capital and securities
The CET1 ratio of PeoplesBank, a Codorus Valley Company stood at 14.68% in , +0.19 pp year on year. Low and high at PeoplesBank, a Codorus Valley Company since : 11.94% () to 14.96% (). Equity capital of PeoplesBank, a Codorus Valley Company at : $233.5 mn, or 10.5% of total assets. PeoplesBank, a Codorus Valley Company also reported a total capital ratio of 15.88% for , and a tier 1 leverage ratio of 11.83%.
The available-for-sale portfolio of PeoplesBank, a Codorus Valley Company showed an unrealized loss of $43.9 mn at ; the loss narrowed by $2.7 mn over the year.
PeoplesBank, a Codorus Valley Company: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 12%
PeoplesBank, a Codorus Valley Company: unrealized securities gains and losses
- Available for sale -$44mn
- Held to maturity $0
Profitability and loan quality
For the year to , PeoplesBank, a Codorus Valley Company earned a return on equity of 5.00%; return on assets: 0.53%. Net interest margin at PeoplesBank, a Codorus Valley Company: 3.50%, -0.52 pp in a year. PeoplesBank, a Codorus Valley Company net income: $5.9 mn, down 60.7% year on year. The efficiency ratio of PeoplesBank, a Codorus Valley Company was 84.95%: about 85 cents cost per revenue dollar, against 72 cents at the median peer.
At , noncurrent loans were 0.51% of total loans at PeoplesBank, a Codorus Valley Company; net charge-offs: 0.06% of average loans. Gross loans and leases at PeoplesBank, a Codorus Valley Company: $1.7 bn at , against $1.7 bn at .
PeoplesBank, a Codorus Valley Company: profitability
- Return on equity 5.0%
- Net interest margin 3.5%
- Return on assets 0.5%
Peer group of PeoplesBank, a Codorus Valley Company
The peer group of PeoplesBank, a Codorus Valley Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of PeoplesBank, a Codorus Valley Company (state nonmember bank) and 2 have head offices in Pennsylvania. Against them, PeoplesBank, a Codorus Valley Company shows CET1 ratio 14.68% against a peer median of 12.60%, return on equity 5.00% against a peer median of 8.15% and uninsured deposit share 12.93% against a peer median of 30.57%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Wayne Bank | State nonmember bank | PA | $2.2 bn | 11.87% | 10.05% | 35.10% | |
| WebBank | State nonmember bank | UT | $2.2 bn | 17.09% | 24.86% | 12.60% | |
| ESSA Bank & Trust | State-chartered stock savings bank | PA | $2.2 bn | 12.96% | 7.78% | 26.04% | |
| PeoplesBank, a Codorus Valley Company | State nonmember bank | PA | $2.2 bn | 14.68% | 5.00% | 12.93% | |
| Community National Bank & Trust | National bank | KS | $2.2 bn | 12.23% | 8.53% | 15.42% | |
| South Shore Bank | State member bank | MA | $2.2 bn | 14.27% | 5.20% | 39.45% | |
| American National Bank & Trust | National bank | TX | $2.2 bn | 12.20% | 6.98% | 41.15% | |
. FDIC Call Reports.
Last eight quarters
Two years at PeoplesBank, a Codorus Valley Company, to : assets $2.3 bn to $2.2 bn, deposits $2.0 bn to $2.0 bn, equity $204.3 mn to $233.5 mn. Staff 336 to 318.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.3 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn |
| Total deposits | $2.0 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $2.0 bn |
| Bank equity capital | $204.3 mn | $213.7 mn | $221.6 mn | $222.9 mn | $220.6 mn | $236.4 mn | $236.9 mn | $233.5 mn |
| CET1 ratio | 13.92% | 14.15% | 14.30% | 14.49% | 14.63% | 14.89% | 14.87% | 14.68% |
| Return on equity (ROE) | 9.27% | 11.07% | 13.92% | 13.66% | 13.08% | 12.73% | 8.49% | 5.00% |
| Uninsured share of domestic deposits | 19.66% | 18.44% | 16.64% | 16.22% | 16.70% | 16.93% | 15.45% | 12.93% |
| Full-time equivalent employees | 336 | 332 | 332 | 351 | 337 | 335 | 327 | 318 |
| Number of offices | 30 | 29 | 30 | 30 | 30 | 30 | 30 | 30 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of PeoplesBank, a Codorus Valley Company, oldest first; figures before and after each event are not like for like.
- . Merged into Orrstown Bank (FDIC certificate 713).
Questions and identifiers
What were the total assets of PeoplesBank, a Codorus Valley Company?
PeoplesBank, a Codorus Valley Company reported $2.2 bn at in its Call Report.
Is PeoplesBank, a Codorus Valley Company the same as its holding company?
No. This page covers PeoplesBank, a Codorus Valley Company, FDIC certificate 13879; CODORUS VALLEY BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is PeoplesBank, a Codorus Valley Company profitable?
PeoplesBank, a Codorus Valley Company reported net income of $5.9 mn for the year to ; annualized return on equity: 5.00%. So yes: PeoplesBank, a Codorus Valley Company made a profit over these months.
When is data for PeoplesBank, a Codorus Valley Company next updated?
PeoplesBank, a Codorus Valley Company no longer files Call Reports; its data ends at .
Where can I check the figures for PeoplesBank, a Codorus Valley Company?
In the FDIC BankFind Suite record for certificate 13879, and in the Call Reports of PeoplesBank, a Codorus Valley Company (RSSD ID 556815) at the FFIEC Central Data Repository.