2013 Q3 Form 10-Q Financial Statement

#000119312513332057 Filed on August 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $450.0K $430.0K $500.0K
YoY Change -15.09% -14.0% -18.03%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $374.0K $398.0K $576.0K
YoY Change -18.52% -30.9%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $781.0K -$1.989M $505.0K
YoY Change -2.38% -493.86% -18.55%
Income Tax -$105.0K -$842.0K -$57.00K
% Of Pretax Income -13.44% -11.29%
Net Earnings $886.0K -$1.147M $562.0K
YoY Change 18.13% -304.09% -30.62%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $173.8K -$218.6K $108.9K
COMMON SHARES
Basic Shares Outstanding 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $34.64M $52.34M $34.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $25.69M $26.06M $27.00M
YoY Change -3.41% -3.49% -6.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $796.5M $799.1M $852.6M
YoY Change -2.07% -6.28% 3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $147.6M $191.4M $162.0M
YoY Change 6.88% 18.15% -4.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $147.6M $191.4M $162.0M
YoY Change 6.88% 18.15% -4.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $16.60M $16.10M $15.30M
YoY Change 5.73% 5.23% -17.3%
Total Long-Term Liabilities $16.60M $16.10M $15.30M
YoY Change 5.73% 5.23% -17.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.6M $191.4M $162.0M
Total Long-Term Liabilities $16.60M $16.10M $15.30M
Total Liabilities $694.4M $695.9M $741.9M
YoY Change -1.13% -6.21% 3.76%
SHAREHOLDERS EQUITY
Retained Earnings $35.14M $34.33M
YoY Change
Common Stock $70.90M $70.91M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.1M $103.2M $110.7M
YoY Change
Total Liabilities & Shareholders Equity $796.5M $799.1M $852.6M
YoY Change -2.07% -6.28% 3.82%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $886.0K -$1.147M $562.0K
YoY Change 18.13% -304.09% -30.62%
Depreciation, Depletion And Amortization $450.0K $430.0K $500.0K
YoY Change -15.09% -14.0% -18.03%
Cash From Operating Activities $1.130M $3.020M $870.0K
YoY Change -58.76% 247.13% -58.96%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K -$70.00K -$10.00K
YoY Change 28.57% 600.0% -93.75%
Acquisitions
YoY Change
Other Investing Activities -$16.73M $18.33M $39.58M
YoY Change -156.07% -53.69% 129.45%
Cash From Investing Activities -$16.81M $18.26M $39.57M
YoY Change -156.47% -53.85% 131.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.020M -41.15M -50.05M
YoY Change -94.95% -17.78% 211.64%
NET CHANGE
Cash From Operating Activities 1.130M 3.020M 870.0K
Cash From Investing Activities -16.81M 18.26M 39.57M
Cash From Financing Activities -2.020M -41.15M -50.05M
Net Change In Cash -17.70M -19.87M -9.610M
YoY Change 135.69% 106.76% -405.08%
FREE CASH FLOW
Cash From Operating Activities $1.130M $3.020M $870.0K
Capital Expenditures -$90.00K -$70.00K -$10.00K
Free Cash Flow $1.220M $3.090M $880.0K
YoY Change -56.58% 251.14% -61.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Current
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CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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CY2012Q4 us-gaap Other Assets
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CY2012Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
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CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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CY2012Q4 us-gaap Loans Receivable Commercial Development
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CY2012Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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CY2012Q4 us-gaap Security Owned And Pledged As Collateral Fair Value
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CY2012Q4 pfbx Real Estate Acquired Through Foreclosure Fair Value Disclosure
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CY2012Q4 pfbx Available For Sale And Held To Maturity Securities Less Than Twelve Months Gross Unrealized Losses
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431000
CY2012Q4 pfbx Loans Receivables Gaming
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60187000
CY2012Q4 pfbx Prepaid Fdic Assessments
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1705000
CY2012Q4 pfbx Available For Sale And Held To Maturity Securities Gross Unrealized Losses
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431000
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CY2012Q4 pfbx Available For Sale And Held To Maturity Securities Fair Value
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41673000
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CY2012Q4 pfbx Impaired Financing Receivable With No Related Allowance Average Recorded Investments
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CY2012Q4 pfbx Accrued Interest Receivable
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CY2012Q4 pfbx Noninterest Bearing Deposit Liabilities Domestic Fair Value Disclosure
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102609000
CY2012Q4 pfbx Interest Bearing Deposit Liabilities Fair Value Disclosure
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376209000
CY2012Q4 pfbx Available For Sale And Held To Maturity Securities Less Than Twelve Months Fair Value
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41673000
CY2012Q4 pfbx Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
419000
CY2012Q4 pfbx Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
12000
CY2012Q4 pfbx Held To Maturity Securities Accumulated Unrecognized Holding Gain
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112000
CY2012Q4 pfbx Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
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4996000
dei Trading Symbol
TradingSymbol
PFBX
dei Entity Registrant Name
EntityRegistrantName
PEOPLES FINANCIAL CORP /MS/
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000770460
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Net Cash Provided By Used In Operating Activities
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4171000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6 Contract
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Use of Estimates&#x2014;The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income.</font></p> </div>
us-gaap Interest Income Expense Net
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10799000
us-gaap Interest Income Expense After Provision For Loan Loss
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6722000
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us-gaap Fees And Commissions Depositor Accounts
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3031000
us-gaap Interest Income Securities Mortgage Backed
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230000
us-gaap Gain Loss On Sale Of Property Plant Equipment
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15000
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151000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
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us-gaap Payments To Acquire Held To Maturity Securities
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2606000
us-gaap Other Nonoperating Income
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300000
us-gaap Income Taxes Paid
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310000
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us-gaap Interest And Other Income
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148000
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694000
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185000
us-gaap Interest And Fee Income Loans And Leases
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8778000
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Bank Owned Life Insurance Income
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us-gaap Noninterest Income
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4532000
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9000
us-gaap Payments To Acquire Property Plant And Equipment
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34000
us-gaap Interest Income Securities Us Treasury
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us-gaap Information Technology And Data Processing
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10702000
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us-gaap Stock Repurchased And Retired During Period Value
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pfbx Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates
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pfbx Fdic Assessments
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445000
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59000
pfbx Insurance Proceeds From Casualty Loss On Other Real Estate
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57000
pfbx Number Of Operating Subsidiary
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pfbx Equipment Rentals Depreciation And Maintenance
EquipmentRentalsDepreciationAndMaintenance
1442000
pfbx Proceeds From Repayments Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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pfbx Interest On Deposits And Borrowings
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pfbx Increase Decrease In Demand And Savings Deposits
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16867000
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us-gaap Common Stock Dividends Per Share Declared
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405000
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920000
us-gaap Interest And Fee Income Loans And Leases
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964000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Noninterest Expense
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us-gaap Proceeds From Federal Home Loan Bank Borrowings
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us-gaap Interest Expense
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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pfbx Interest Income Securities States And Political Subdivisions
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pfbx Atm Expense
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pfbx Interest Expense Federal Home Loan Bank
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119000
pfbx Loans Transfer To Other Real Estate
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pfbx Fdic Assessments
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884000
pfbx Increase Decrease In Surrender Value Of Life Insurance
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pfbx Equipment Rentals Depreciation And Maintenance
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1654000
pfbx Proceeds From Repayments Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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4387000
pfbx Interest On Deposits And Borrowings
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pfbx Increase Decrease In Demand And Savings Deposits
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35326000
pfbx Interest And Dividend Income Other Investments
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CY2012 us-gaap Financing Receivable Modifications Number Of Contracts2
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7 Contract
CY2012 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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350000
CY2012 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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327000
CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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23000
CY2012 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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10851000
CY2012 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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10851000
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5136918 shares
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
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0.11
CY2012Q2 us-gaap Interest Income Expense Net
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5697000
CY2012Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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4407000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
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InterestIncomeSecuritiesUSTreasury
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InterestExpense
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InterestExpenseDeposits
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495000
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443000
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877000
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CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2013Q2 us-gaap Interest And Fee Income Loans And Leases
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CY2013Q2 us-gaap Bank Owned Life Insurance Income
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CY2013Q2 us-gaap Noninterest Income
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CY2013Q2 us-gaap Information Technology And Data Processing
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CY2013Q2 us-gaap Provision For Loan Losses Expensed
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CY2013Q2 pfbx Equipment Rentals Depreciation And Maintenance
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762000
CY2013Q2 pfbx Interest And Dividend Income Other Investments
InterestAndDividendIncomeOtherInvestments
3000

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