$40.9M
total assets, September 30, 1987
Peoples Bank was a state nonmember bank in Olive Hill, KY. It failed on Dec 3, 1987, and Commercial Bank Of Grays took over its deposits. At its last report it held $40.9 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Dec 3, 1987
- Assets
- $40.9M
- Deposits
- $39.5M
- Estimated cost
- $7.6M
- Deposits went to
- Commercial Bank Of Grays, Grayson, KY
Total assets
$40.9M
-29.9% in a year · -3.6% in a quarter
Deposits
$39.5M
-21.9% in a year · -3.0% in a quarter
Loans
$25.7M
-38.2% in a year · -11.5% in a quarter
Profit so far
-$465K
Jan 1 to Sep 30, 1987
Capital ratio
2.17%
-2.83 pts in a year
Return on assets
-1.32%
+1.01 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Olive Hill, KY, 41164
- County
- Carter
- Established
- Jan 1, 1913
- Failed
- Dec 3, 1987
- Employees
- 39
- Id
- b8783
Quarter by quarter
March 31, 1984 to September 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Peoples Bank?
$40.9 million in total assets and $39.5 million in deposits as of September 30, 1987, with assets down 29.9% from a year before. Its loans were $25.7 million.
Is Peoples Bank profitable?
No: it lost $465,000 from January 1 to September 30, 1987. Its return on assets was -1.32% a year; about 1% is typical.
When did Peoples Bank fail?
Dec 3, 1987. Commercial Bank Of Grays of Grayson, KY took over its deposits. The estimated cost of the failure was $7.61 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.