PeoplesBank: how it compares with its peers
Against 18 MA banks with half to twice its assets, PeoplesBank's strongest measure in Q2 2026 is assets per employee ($12.4M vs. a $11.4M peer median). Its weakest relative measure is return on assets (0.43% vs. 0.86%).
| Measure | PeoplesBank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.43% | 0.86% | Bottom third Ahead of 6% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.76% | 2.96% | Bottom third Ahead of 28% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.35% | 67.97% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.4M | $11.4M | Middle third Ahead of 56% of peers |
| Loans to deposits Net loans and leases over total deposits. | 99.66% | 99.76% | Context |
What it means for lending operations
Its efficiency ratio of 69.35% is above the 67.97% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Hingham Institution for Savings Hingham, MA · $4.56B
- Leader Bank, National Association Arlington, MA · $5.28B
- Institution for Savings in Newburyport and Its Vicinity Newburyport, MA · $5.56B
- The Cape Cod Five Cents Savings Bank Hyannis, MA · $5.62B
- Northern Bank & Trust Company Woburn, MA · $3.38B
Questions about PeoplesBank
How big is PeoplesBank?
PeoplesBank, established in 1885, is headquartered in Holyoke, MA. It reported $4.62B in total assets in its Q2 2026 FDIC call report and operates 21 offices.
What is PeoplesBank's return on assets?
0.43% annualized in Q2 2026, against a 0.86% median for 18 MA banks with half to twice its assets, ahead of 6% of them.
What is PeoplesBank's efficiency ratio?
69.35% in Q2 2026: it spent about 69 cents in noninterest expense for each dollar of revenue. The peer median is 67.97%, and lower is better.
Is PeoplesBank growing its loans?
Net loans grew 3.0% over the year to Q2 2026, while deposits grew 1.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.