Applications / Mortgage Analytics / Lenders / Alabama / Peoples Independent Bank
Boaz, AL · State non-member bank · FDIC · $477 million assets · 61 loans in 2025
Peoples Independent Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
61
loans originated, 2025
79
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Peoples Independent Bank, a small Alabama lender, does more refinancing than home-purchase lending, and many of its loans are on manufactured homes.
Refinances made up 44.3% of its loans in 2025, more than the 37.7% for home purchases, and other-purpose loans took 14.8%. Its typical loan was $135,000, against $172,500 at similar lenders (state non-member banks making between half and twice as many loans); refinances and other-purpose loans, often smaller than purchase loans, may explain some of that.
Manufactured homes made up 11.5% of its loans, against 2.7% at similar lenders, a higher share than about four in five of them. Such homes cost less than site-built ones, which may also keep its loans small.
Its loans rose 9% to 61, in line with the 8% at similar lenders. It filed no report for 2020 to 2022, when small banks need not report; those years are gaps in the record, not years without lending.
Around Gadsden it ranked 54 of 190 lenders, and its share rose to 0.3% from 0.2%. In non-metro Alabama it ranked 79 of 523; United Wholesale Mortgage led there with $264.9M.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Peoples Independent Bank took 79 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 44.3% · Purchase 37.7% · Other 14.8% · Home improvement 3.3%
Conventional 100.0% · of 61 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Alabama | 61 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Gadsden | 8 |
| Anniston-Oxford | 3 |
| Birmingham | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300IXFXFD6OCKNJ26 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1188987 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 327233 | 2007–2016 |
Established 2 May 1988. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Peoples Independent Bank's data.
Peoples Independent Bank's data
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Peoples Independent Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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