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<SEC-DOCUMENT>0001140361-11-007863.txt : 20110210
<SEC-HEADER>0001140361-11-007863.hdr.sgml : 20110210
<ACCEPTANCE-DATETIME>20110210164702
ACCESSION NUMBER:		0001140361-11-007863
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110210
DATE AS OF CHANGE:		20110210

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WOLFE TONY W
		CENTRAL INDEX KEY:			0001183125

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27205
		FILM NUMBER:		11593215

	MAIL ADDRESS:	
		STREET 1:		P O BOX 467
		CITY:			NEWTON
		STATE:			NC
		ZIP:			286580467

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEOPLES BANCORP OF NORTH CAROLINA INC
		CENTRAL INDEX KEY:			0001093672
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				562132396
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		518 WEST C STREET
		CITY:			NEWTON
		STATE:			NC
		ZIP:			28658-4007
		BUSINESS PHONE:		8284645620

	MAIL ADDRESS:	
		STREET 1:		PO BOX 467
		CITY:			NEWTON
		STATE:			NC
		ZIP:			28658-0467
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 5
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    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">shares acquired through Employee Stock Purchase Plan</footnote>
        <footnote id="F2">shares acquired through Dividend Reinvestment Plan</footnote>
        <footnote id="F3">shares purchased through Deferral Plan</footnote>
        <footnote id="F4">20 year Service Award</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Tony W. Wolfe</signatureName>
        <signatureDate>2011-02-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
