Bank · FDIC insured
Local Bank
Top CarrotA $111.3M bank headquartered in Tuscaloosa, AL, with 3 branches in Alabama. Best rates: CDs 4.40% and savings 2.50% APY.
Local Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 81% of U.S. banks and credit unions
#4 of 20 in Huntsville, AL metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Local Bank
Local Bank is headquartered in Tuscaloosa, Alabama, and traces its origins to 1914 when Peoples Bank of Red Level opened in Red Level, Alabama.
Rebranded as Local Bank in 2022, the institution serves the Alabama communities of Red Level, Tuscaloosa, and Huntsville.
- Headquarters
- 205 Mcfarland Cir N, Tuscaloosa, AL 35406
- FDIC certificate
- 9614 ↗
Branches
3 branches in Alabama
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Alabama
3 branches
Tuscaloosa area · 1
- Local BankMain office205 Mcfarland Cir N, Tuscaloosa, AL 35406Directions
Huntsville area · 1
- Huntsville Branch2204 Whitesburg Drive Sw, Huntsville, AL 35801Directions
Red Level area · 1
- Red Level Branch29607 Main St, Red Level, AL 36474Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 14.29% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.42% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | -1.47% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $99 | $81 | — |
- CapitalLeverage ratio14.29%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.42%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets-1.47%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$99Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Local Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.