Local Bank
Headquartered in Tuscaloosa, AL. Part of Local Bancorp, Inc. FDIC certificate #9614 · Federal Reserve RSSD 470434.
Total assets
$111M
Deposits
$87M
Q2 2026
Active branches
3
Closings since Jan 2020
1
3 openings since Jan 2020
Financial snapshot — Q2 2026
All quarters →Net income (quarter)
$-212K
Return on assets
-1.47%
Return on equity
-9.21%
Noncurrent loan rate
1.42%
Deposits by year (Summary of Deposits)
02019
02020
02021
02022
02023
02024
02025
02026
Values in $ billions, June 30 of each year.
Closings by year
12024
Openings by year
12023
22024
Other network changes since 2020
- 1 branch relocations
- August 30, 2022: legal name changed from “The Peoples Bank of Red Level” to “Local Bank”
Branches by state
Recent closings
- 205 MCFARLAND CIR N · closed February 1, 2024
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: mylocal.bank.