Piedmont Federal Savings Bank
Winston Salem, North Carolina, Forsyth County
$1.3B in total assets, the 857th largest of 4,309 US banks and 13th of 39 headquartered in North Carolina.
- FDIC certificate
- 27619
- Established
- 1903
- Owned by
- Piedmont Financial Holding Co
- Primary regulator
- OCC
- Website
- www.piedmontfederal.com
At a glance
Compared with 8 banks headquartered in North Carolina 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 | $1.3B | 12% | $2.6B | |
| Loans | $917M | 12% | $2.0B | |
| Deposits | $974M | 2% | $2.2B | |
| Return on assets | 0.18% | 2% | 1.32% | |
| Net interest margin | 2.42% | 2% | 3.93% | |
| Efficiency ratio | 88.4% | 98% | 62.9% | |
| Equity to assets | 18.28% | 98% | 9.96% | |
| Loans to deposits | 94% | 50% | 88% |
Growth
Total assets grew 6.7% a year over the last 5 years and 3.9% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2024 | Wake Forest Federal Savings and Loan Association Wake Forest, NC | $122M |
Where they operate
10 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Forsyth County, NC | $736M | 6.7% | 6 of 22 |
| Wake County, NC | $110M | 0.1% | 22 of 36 |
| Wilkes County, NC | $64M | 7.5% | 7 of 9 |
| Watauga County, NC | $35M | 2.4% | 10 of 14 |
| Guilford County, NC | $28M | 0.2% | 18 of 22 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (10 branches then and now). 1 opened, 1 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2019 | Opened High PointClosed Winston Salem | 1 | 1 | 0 | 10 |
| 2024 | Acquired Wake Forest Federal Savings and Loan Association | 1 | 0 | +1 | 11 |
| 2026 through Q2 | Closed Winston Salem | 0 | 1 | −1 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 61% | 25% | |
| Commercial real estate | 22% | 44% | |
| Construction and land | 10% | 12% | |
| Business (C&I) | 4% | 10% | |
| Multifamily | 4% | 5% | |
| Farmland | 0% | 1% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 50% | 20% | |
| Other interest-bearing | 45% | 50% | |
| Noninterest-bearing | 5% | 30% |
Brokered deposits are 2.3% of deposits (peers 4.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.16% | 0.29% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 0.76% | 0.86% |
| Leverage ratio | 18.60% | 11.42% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Forsyth County, NC
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/piedmont