Profile: Peoples Bancorp (PBNI.PK)

Peoples Bancorp is a thrift holding company that operates through its wholly owned subsidiary, Peoples Federal Savings Bank of DeKalb County (the Bank). The Company’s principal activity is the ownership and management of the Bank. The Bank provides full banking services, including trust services. The Bank’s other wholly owned subsidiaries include People’s Financial Services, Inc., PFDC Investments, Inc., and Alpha Financial, Inc.

The Bank generates commercial mortgage and consumer loans and receives deposits from customers located primarily in north central and north eastern Indiana and south central Michigan. The Bank’s loans are generally secured by specific items of collateral including real property and consumer assets. The Bank has investment in securities, which include federal agencies, state and municipal obligations and mortgage-backed securities.