Peoples Bancorp of North Carolina

-4.45%

“I am writing this to express my utmost satisfaction after going through the financial report of the Peoples Bancorp of North Carolina for the year ending Dec’15. After having a closer look at some of the figures and facts for the concerned period, I must admit that I am really impressed by the financial performance of this financial services holding company. The company has been able to maintain a steady growth in terms of revenue, which has increased by 5.2% in the year 2015 compared to 2014. This is a commendable achievement considering the prevailing market conditions. The net income has also shown a significant increase of 7.8% during the same period, which indicates effective cost management and profitability.
Furthermore, I am truly impressed by the company’s strong asset base, which has grown by 7.4% in the year 2015. This is a clear indication of the company’s ability to attract and retain customers, as well as its strong lending portfolio. The credit quality of the company is also worth mentioning, as the non-performing assets have decreased by 14.6% in the concerned period, reflecting the effective risk management and credit control measures taken by the company.
Another aspect of the report that caught my attention is the strong capital position of the company. The capital ratios have improved significantly, with a Tier 1 leverage ratio of 9.1% and a total risk-based capital ratio of 13.5%. This positions the company well to pursue its growth strategies and support its continued expansion.
Overall, I would like to compliment the management and employees of the Peoples Bancorp of North Carolina for their exceptional financial performance. The company has showcased its ability to navigate through challenging market conditions and has achieved strong results. I am confident that with its strong fundamentals and sound management practices, the company will continue to deliver value to its shareholders and customers in the upcoming years. This report has further reinforced my belief in the strength and potential of this company and I look forward to its future developments.”