$PFBX
PEOPLES FINANCIAL CORP /MS/
CIK:0000770460|SEC Filings
Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Interest income: | ||||
| Interest and fees on loans | $ 4,172,000 | $ 3,635,000 | $ 8,381,000 | $ 7,031,000 |
| Interest and dividends on securities: | ||||
| U. S. Treasuries | 1,097,000 | 1,599,000 | 2,031,000 | 2,950,000 |
| Mortgage-backed securities | 355,000 | 399,000 | 693,000 | 944,000 |
| States and political subdivisions | 845,000 | 911,000 | 1,762,000 | 1,892,000 |
| Collateralized mortgage obligations | 390,000 | 552,000 | 837,000 | 1,093,000 |
| Other investments | 11,000 | 6,000 | 23,000 | 13,000 |
| Interest on balances due from depository institutions | 67,000 | 362,000 | 821,000 | 1,100,000 |
| Total interest income | 6,937,000 | 7,464,000 | 14,548,000 | 15,023,000 |
| Interest expense: | ||||
| Deposits | 1,913,000 | 1,982,000 | 3,751,000 | 3,873,000 |
| Borrowings | 105,000 | 10,000 | 111,000 | 10,000 |
| Total interest expense | 2,018,000 | 1,992,000 | 3,862,000 | 3,883,000 |
| Net interest income | 4,919,000 | 5,472,000 | 10,686,000 | 11,140,000 |
| Reduction of credit losses | (6,000) | (14,000) | (5,000) | |
| Net interest income after provision for credit losses | 4,925,000 | 5,472,000 | 10,700,000 | 11,145,000 |
| Non-interest income: | ||||
| Increase in cash surrender value of life insurance | 130,000 | 122,000 | 259,000 | 242,000 |
| Gain (loss) on sale of property, plant and equipment, net | 41,000 | 41,000 | ||
| Other income | 219,000 | 214,000 | 467,000 | 401,000 |
| Total non-interest income | 1,887,000 | 1,777,000 | 3,668,000 | 3,480,000 |
| Non-interest expense: | ||||
| Salaries and employee benefits | 2,795,000 | 2,729,000 | 5,460,000 | 5,445,000 |
| Net occupancy | 558,000 | 564,000 | 1,112,000 | 1,127,000 |
| Equipment rentals, depreciation and maintenance | 777,000 | 692,000 | 1,496,000 | 1,475,000 |
| FDIC and state banking assessments | 97,000 | 105,000 | 195,000 | 201,000 |
| Data processing | 354,000 | 376,000 | 656,000 | 690,000 |
| ATM expense | 213,000 | 246,000 | 584,000 | 537,000 |
| Legal expense | 109,000 | 94,000 | 173,000 | |
| Legal expense (reclass) | 28,000 | |||
| Other expense | 976,000 | 941,000 | 1,909,000 | 1,805,000 |
| Total non-interest expense | 5,798,000 | 5,762,000 | 11,506,000 | 11,453,000 |
| Income before income taxes | 1,014,000 | 1,487,000 | 2,862,000 | 3,172,000 |
| Income tax expense | 117,000 | 245,000 | 519,000 | 620,000 |
| Net income | $ 897,000 | $ 1,242,000 | $ 2,343,000 | $ 2,552,000 |
| Basic earnings per share (in dollars per share) | $ 0.19 | $ 0.27 | $ 0.51 | $ 0.55 |
| Diluted earnings per share (in dollars per share) | 0.19 | 0.27 | ||
| Dividends declared per share (in dollars per share) | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 |
| Trust department income and fees | ||||
| Non-interest income: | ||||
| Revenue | $ 702,000 | $ 624,000 | $ 1,342,000 | $ 1,250,000 |
| Service charges on deposit accounts | ||||
| Non-interest income: | ||||
| Revenue | $ 795,000 | $ 817,000 | $ 1,559,000 | $ 1,587,000 |