Peoples Bank
Munster, Indiana, Lake County
$2.0B in total assets, the 610th largest of 4,309 US banks and 15th of 89 headquartered in Indiana.
- FDIC certificate
- 29523
- Established
- 1916
- Owned by
- Finward Bcorp
- Primary regulator
- FDIC
- Website
- http://www.ibankpeoples.com
At a glance
Compared with 16 banks headquartered in Indiana with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.0B | 38% | $3.4B | |
| Loans | $1.5B | 38% | $2.4B | |
| Deposits | $1.7B | 38% | $2.9B | |
| Return on assets | 0.48% | 19% | 1.40% | |
| Net interest margin | 3.26% | 25% | 3.68% | |
| Efficiency ratio | 83.8% | 94% | 55.8% | |
| Equity to assets | 8.67% | 31% | 9.81% | |
| Loans to deposits | 87% | 62% | 85% |
Growth
Total assets grew 5.0% a year over the last 5 years and 8.4% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2022 | Royal Savings Bank Chicago, IL | $546M |
| Jan 2019 | A J Smith Federal Savings Bank Midlothian, IL | $182M |
| Jul 2018 | First Personal Bank Orland Park, IL | $143M |
| Jul 2015 | Liberty Savings Bank, FSB Whiting, IN | $59M |
| Apr 2014 | First Federal Savings and Loan Association of Hammond Hammond, IN | $40M |
Where they operate
24 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lake County, IN | $1.1B | 6.6% | 5 of 16 |
| Cook County, IL | $526M | 0.1% | 46 of 90 |
| Porter County, IN | $95M | 2.0% | 9 of 11 |
| Dupage County, IL | $54M | 0.1% | 39 of 43 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 8 branches since 2016 (16 to 24, +50.0%). 1 opened, 15 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 16 | |||
| 2018 | Acquired First Personal Bank | 3 | 0 | +3 | 19 |
| 2019 | Acquired A J Smith Federal Savings Bank | 3 | 0 | +3 | 22 |
| 2022 | Acquired Royal Savings BankOpened Cedar Lake, closed 3 in 2 states | 10 | 3 | +7 | 29 |
| 2023 | Closed 3 in 2 states | 0 | 3 | −3 | 26 |
| 2026 through Q2 | Closed Chicago and Dyer | 0 | 2 | −2 | 24 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 26% | |
| 1-4 family residential | 34% | 22% | |
| Multifamily | 12% | 12% | |
| Business (C&I) | 7% | 18% | |
| Construction and land | 5% | 8% | |
| Consumer | 2% | 3% | |
| Agricultural | 0% | 2% | |
| Farmland | 0% | 6% | |
| Other | 1% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 59% | |
| Time deposits | 29% | 23% | |
| Noninterest-bearing | 15% | 18% |
Brokered deposits are 0.0% of deposits (peers 5.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.23% | 0.54% |
| Net charge-offs, annualized | -0.00% | 0.05% |
| Reserves to loans | 1.18% | 1.34% |
| Leverage ratio | 9.31% | 10.34% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Lake County, IN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/peoples-bank-munster-in