Peoples Financial Corp /MS/ Files Q3 2024 10-Q

TL;DR

PFBC 10-Q filed for Q3 2024. Standard financial update.

AI Summary

Peoples Financial Corp /MS/ filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial position, including retained earnings, additional paid-in capital, and accumulated other comprehensive income across various reporting periods in 2023 and 2024. Specific dollar amounts for these accounts are not provided in this excerpt, but the structure indicates a standard financial reporting update.

Why It Matters

This 10-Q filing provides investors and analysts with an update on Peoples Financial Corp's financial health and performance for the third quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not inherently present new risks.

Key Numbers

• 123414000 — Common Stock (Represents the value of common stock as of December 31, 2024.)

Key Players & Entities

• PEOPLES FINANCIAL CORP /MS/ (company) — Filer
• 20240930 (date) — Period of Report
• 20241112 (date) — Filing Date

FAQ

Key Financial Figures

• $1 — , 2024, there were 15,000,000 shares of $1 par value common stock authorized, with
• $250,000 — rest bearing 439,941 483,662 Time, $250,000 or more 14,922 7,518 Other time de
• $15,194,000 — rete reduction to income tax expense of $15,194,000 in the current quarter. On January 1,

Filing Documents

• pfbx-20240930x10q.htm (10-Q) — 4149KB
• pfbx-20240930xex31d1.htm (EX-31.1) — 9KB
• pfbx-20240930xex31d2.htm (EX-31.2) — 9KB
• pfbx-20240930xex32d1.htm (EX-32.1) — 8KB
• pfbx-20240930xex32d2.htm (EX-32.2) — 7KB
• 0001558370-24-015207.txt ( ) — 18658KB
• pfbx-20240930.xsd (EX-101.SCH) — 46KB
• pfbx-20240930_cal.xml (EX-101.CAL) — 90KB
• pfbx-20240930_def.xml (EX-101.DEF) — 224KB
• pfbx-20240930_lab.xml (EX-101.LAB) — 474KB
• pfbx-20240930_pre.xml (EX-101.PRE) — 375KB
• pfbx-20240930x10q_htm.xml (XML) — 5934KB

: Financial Statements

Item 1: Financial Statements Peoples Financial Corporation and Subsidiaries Consolidated Statements of Condition (continued) (in thousands except share data) September 30, 2024 December 31, 2023 (unaudited) (audited) Assets Cash and due from banks $ 42,253 $ 22,794 Available for sale securities, amortized cost of $ 371,236 at September 30, 2024; $ 379,195 at December 31, 2023 341,878 339,477 Held to maturity securities, fair value of $ 123,414 at September 30, 2024; $ 138,523 at December 31, 2023 133,665 150,941 Less: Allowance for credit losses on held to maturity securities 30 30 Held to maturity securities, net 133,635 150,911 Other investments 350 350 Federal Home Loan Bank Stock, at cost 434 2,334 Loans 239,259 238,339 Less: Allowance for credit losses on loans and leases 3,091 3,224 Loans, net 236,168 235,115 Bank premises and equipment, net of accumulated depreciation 19,139 19,470 Accrued interest receivable 3,608 3,520 Cash surrender value of life insurance 21,850 21,375 Intangible asset 491 538 Other assets 14,346 1,854 Total assets $ 814,152 $ 797,738 Liabilities and Shareholders' Equity Liabilities: Deposits: Demand, non-interest bearing $ 187,866 $ 174,933 Savings and demand, interest bearing 439,941 483,662 Time, $250,000 or more 14,922 7,518 Other time deposits 23,357 22,377 Total deposits 666,086 688,490 Advances from Federal Home Loan Bank — 18,500 Borrowings under Bank Term Funding Program 30,000 — Employee and director benefit plans liabilities 19,352 19,581 Other liabilities 2,321 1,884 Total liabilities 717,759 728,455 Shareholders' Equity: Common stock, $ 1 par value, 15,000,000 shares authorized, 4,661,686 shares issued and outstanding at September 30, 2024 and December 31, 2023 4,662 4,662 Surplus 65,780 65,780 Undivided profits 56,910 37,574 Accumulated other comprehens

View Full Filing

View this 10-Q filing on SEC EDGAR