Peoples Bancorp of North Carolina Inc (NASDAQ: PEBK) is a bank holding company that operates Peoples Bank, a North Carolina-based commercial bank offering loans, deposits, and related financial services. The company earns income through the spread between interest collected on loans and interest paid on deposits, supplemented by fee-based banking services. Peoples Bank provides commercial loans, consumer loans, mortgage loans, and online and mobile banking to retail and business customers in North Carolina. As of December 31, 2025, the company held an available-for-sale investment securities portfolio with unrealized losses of $35.3 million, reflecting interest rate movements. The company has historically paid a quarterly cash dividend on its common stock, subject to Federal Reserve capital adequacy guidelines. Leadership includes Lance A. Sellers as President and Chief Executive Officer, Jeffrey N. Hooper as Executive Vice President and Chief Financial Officer, and William D. Cable, Sr. as Executive Vice President and Chief Operating Officer.

Revenue model

Net interest income from the spread between loan yields and deposit costs, supplemented by fee income from banking services. The bank funds loans primarily through customer deposits.

Products and services

Commercial loans, consumer loans, mortgage loans, deposit accounts, online banking, mobile banking.

Customers and end markets

Retail consumers and commercial borrowers in North Carolina. End markets include residential real estate, commercial real estate, and consumer lending.

Value-chain role

Deposit-taking and loan-originating community bank. Outsources transactional processing and online banking systems to third-party vendors.

Geographic exposure

North Carolina (primary operating geography, as indicated by the bank's state charter and loan concentration disclosures in the 10-K filed 2026-03-11).

Source: SEC 10-K, filed 2026-03-11

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