Peoples Financial Corp /MS/ Files Q2 2024 10-Q

TL;DR

**PFB: Q2 10-Q filed. Financials updated.**

AI Summary

Peoples Financial Corp /MS/ filed its 10-Q for the period ending June 30, 2024. The report details financial performance and condition for the second quarter of 2024. Key financial data and disclosures relevant to investors are included.

Why It Matters

This filing provides investors with an update on Peoples Financial Corp's financial health and operational performance for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures for a publicly traded company.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the financial period covered by the report.)
• 20240812 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• PEOPLES FINANCIAL CORP /MS/ (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240812 (date) — Filing date
• 0000770460 (company) — Central Index Key for Peoples Financial Corp

FAQ

Key Financial Figures

• $1 — , 2024, there were 15,000,000 shares of $1 par value common stock authorized, with
• $250,000 — rest bearing 464,170 483,662 Time, $250,000 or more 6,161 7,518 Other time dep

Filing Documents

• pfbx20240630_10q.htm (10-Q) — 3567KB
• ex_709080.htm (EX-31.1) — 9KB
• ex_709081.htm (EX-31.2) — 9KB
• ex_709082.htm (EX-32.1) — 5KB
• ex_709083.htm (EX-32.2) — 4KB
• 0001437749-24-025961.txt ( ) — 15788KB
• pfbx-20240630.xsd (EX-101.SCH) — 62KB
• pfbx-20240630_cal.xml (EX-101.CAL) — 45KB
• pfbx-20240630_def.xml (EX-101.DEF) — 413KB
• pfbx-20240630_lab.xml (EX-101.LAB) — 327KB
• pfbx-20240630_pre.xml (EX-101.PRE) — 440KB
• pfbx20240630_10q_htm.xml (XML) — 4861KB

: Financial Statements

Item 1: Financial Statements Peoples Financial Corporation and Subsidiaries Consolidated Statements of Condition (in thousands except share data) June 30, 2024 December 31, 2023 (unaudited) (audited) Assets Cash and due from banks $ 17,526 $ 22,794 Available for sale securities, amortized cost of $ 446,256 at June 30, 2024; $ 379,195 at December 31, 2023 407,552 339,477 Held to maturity securities, fair value of $ 120,989 at June 30, 2024; $ 138,523 at December 31, 2023 134,060 150,941 Less: Allowance for credit losses on held to maturity securities 30 30 Held to maturity securities, net 134,030 150,911 Other investments 350 350 Federal Home Loan Bank Stock, at cost 3,180 2,334 Loans 238,740 238,339 Less: Allowance for credit losses on loans and leases 3,150 3,224 Loans, net 235,590 235,115 Bank premises and equipment, net of accumulated depreciation 19,376 19,470 Accrued interest receivable 3,839 3,520 Cash surrender value of life insurance 21,701 21,375 Intangible asset 507 538 Other assets 3,096 1,854 Total assets $ 846,747 $ 797,738 See Notes to Consolidated Financial Statements. 2 Peoples Financial Corporation and Subsidiaries Consolidated Statements of Condition (continued) (in thousands except share data) June 30, 2024 December 31, 2023 (unaudited) (audited) Liabilities and Shareholders' Equity Liabilities: Deposits: Demand, non-interest bearing $ 183,643 $ 174,933 Savings and demand, interest bearing 464,170 483,662 Time, $250,000 or more 6,161 7,518 Other time deposits 20,940 22,377 Total deposits 674,914 688,490 Advances from Federal Home Loan Bank 46,500 18,500 Borrowings under Bank Term Funding Program 30,000 - Employee and director benefit plans liabilities 19,335 19,581 Other liabilities 1,798 1,884 Total liabilities 772,547 728,455 Shareholders' Equity: Common stock, $ 1 par

View Full Filing

View this 10-Q filing on SEC EDGAR