2014 Q1 Form 10-K Financial Statement

#000119312514103971 Filed on March 18, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012
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 $447.0K $1.750M $2.048M
YoY Change 0.0% -14.55% -7.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $286.0K $1.447M $2.067M
YoY Change -29.73% -30.0% -34.96%
% of Operating Profit
Other Income/Expense, Net $1.876M $1.813M
YoY Change 3.47% 6.09%
Pretax Income $490.0K -$2.739M $2.549M
YoY Change -20.58% -207.45% -255000.0%
Income Tax -$89.00K -$2.201M -$92.00K
% Of Pretax Income -18.16% -3.61%
Net Earnings $579.0K -$538.0K $2.641M
YoY Change -4.46% -120.37% 119.53%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $113.3K -$105.3K $513.6K
COMMON SHARES
Basic Shares Outstanding 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.70M
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 $24.96M $25.30M $26.20M
YoY Change -5.44% -3.44% -6.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.100M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $746.7M $762.3M $804.9M
YoY Change -11.93% -5.29% 0.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $130.0M $139.6M $194.2M
YoY Change -33.71% -28.12% 23.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $130.0M $139.6M $194.2M
YoY Change -33.71% -28.12% 23.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.10M $17.20M $16.30M
YoY Change 6.21% 5.52% 6.54%
Total Long-Term Liabilities $17.10M $17.20M $16.30M
YoY Change 6.21% 5.52% 6.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.0M $139.6M $194.2M
Total Long-Term Liabilities $17.10M $17.20M $16.30M
Total Liabilities $645.0M $663.1M $694.2M
YoY Change -12.48% -4.48% -0.07%
SHAREHOLDERS EQUITY
Retained Earnings $34.84M
YoY Change
Common Stock $70.90M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $101.7M $99.10M $110.8M
YoY Change
Total Liabilities & Shareholders Equity $746.7M $762.3M $804.9M
YoY Change -11.93% -5.29% 0.09%

Cashflow Statement

Concept 2014 Q1 2013 2012
OPERATING ACTIVITIES
Net Income $579.0K -$538.0K $2.641M
YoY Change -4.46% -120.37% 119.53%
Depreciation, Depletion And Amortization $447.0K $1.750M $2.048M
YoY Change 0.0% -14.55% -7.33%
Cash From Operating Activities $1.160M $9.487M $7.825M
YoY Change 0.87% 21.24% -20.1%
INVESTING ACTIVITIES
Capital Expenditures $103.0K $840.0K $235.0K
YoY Change -84.2% 257.45% -51.94%
Acquisitions
YoY Change
Other Investing Activities $12.34M $5.250M $12.25M
YoY Change -148.83% -57.14% -261.82%
Cash From Investing Activities $12.24M $4.922M $12.31M
YoY Change -147.22% -60.0% -252.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $181.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.96M -32.17M -3.039M
YoY Change -141.81% 958.41% -127.51%
NET CHANGE
Cash From Operating Activities 1.160M 9.487M 7.825M
Cash From Investing Activities 12.24M 4.922M 12.31M
Cash From Financing Activities -17.96M -32.17M -3.039M
Net Change In Cash -4.560M -17.76M 17.09M
YoY Change -125.07% -203.89% 33.71%
FREE CASH FLOW
Cash From Operating Activities $1.160M $9.487M $7.825M
Capital Expenditures $103.0K $840.0K $235.0K
Free Cash Flow $1.057M $8.647M $7.590M
YoY Change 112.25% 13.93% -18.42%

Facts In Submission

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392000
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270000
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470000
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170000
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159000
CY2013 dei Trading Symbol
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PFBX
CY2013 dei Entity Registrant Name
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PEOPLES FINANCIAL CORP /MS/
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
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false
CY2013 dei Entity Filer Category
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Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000770460
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
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CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Maturities Of Time Deposits Description
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Time deposits of $100,000 or more at December 31, 2013 included brokered deposits of $5,000,000, which mature in 2017
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0.06 pure
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CY2013 us-gaap Stock Repurchased And Retired During Period Shares
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CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013 us-gaap Earnings Per Share Basic And Diluted
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CY2013 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2013 us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
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CY2013 us-gaap Interest Income Securities Mortgage Backed
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CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2013 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2013 us-gaap Defined Benefit Plan Plan Amendments
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CY2013 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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CY2013 us-gaap Interest And Fee Income Loans And Leases
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013 us-gaap Interest Income Securities State And Municipal
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CY2013 us-gaap Interest Income Securities Us Treasury
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CY2013 us-gaap Proceeds From Federal Home Loan Bank Borrowings
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CY2013 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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CY2013 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
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CY2013 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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CY2013 us-gaap Stock Repurchased And Retired During Period Value
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CY2013 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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CY2013 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
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CY2013 us-gaap Interest Expense
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CY2013 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Interest Expense Deposits
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CY2013 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Depreciation
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CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2013 us-gaap Labor And Related Expense
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CY2013 us-gaap Loans And Leases Receivable Related Parties Additions
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CY2013 us-gaap Defined Benefit Plan Contributions By Employer
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CY2013 pfbx Atm Expense
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CY2013 pfbx Loans Transferred To Other Real Estate
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CY2013 pfbx Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates
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CY2013 pfbx Employee Stock Ownership Plan Employer Contribution
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CY2013 pfbx Loans Charge Off Delinquent Period
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CY2013 pfbx Employee Stock Ownership Plan Employer Matching Contribution Percentage
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CY2013 pfbx Maximum Age Until Deferment Of Annual Director Fees Possible
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CY2013 pfbx Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation Percentage
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CY2013 pfbx Defined Benefit Plan Increase In Assumed Healthcare Cost Trend Rate Percentage
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CY2013 pfbx Federal Home Loan Bank Advances Fixed Interest Rate Maturity Year
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CY2013 pfbx Employee Stock Ownership Plan Eligible Age Of Employee For Participation In Esop
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CY2013 pfbx Deferred Fees Interest Percentage
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CY2013 pfbx Trust Expenses
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332000
CY2013 pfbx Percentage Increase In Cash Surrender Value
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CY2013 pfbx Insurance Proceeds From Casualty Loss On Other Real Estate
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57000
CY2012 us-gaap Interest Income Expense Net
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CY2013 pfbx Number Of Operating Subsidiary
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CY2013 pfbx Defined Benefit Plan Health Care Cost Trend Rate Assumed For Current Fiscal Year
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0.0725 pure
CY2013 pfbx Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation Percentage
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CY2013 pfbx Federal Reserve Bank Advances Maturity Period
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CY2013 pfbx Minimum Period For Appraisals Outdated
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CY2013 pfbx Proceeds From Repayments Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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CY2013 pfbx Defined Benefit Plan Health Care Cost Trend Rate Assumed For Year Five And After
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CY2013 pfbx Fdic And State Banking Assessments
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870000
CY2013 pfbx Interest On Deposits And Borrowings
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CY2013 pfbx Increase Decrease In Demand And Savings Deposits
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CY2013 pfbx Income Tax Reconciliation Cash Surrender Value
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170000
CY2013 pfbx Undistributed Earnings Of Bank Subsidiaries
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CY2013 pfbx Time Deposits Year Of Maturity
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CY2013 pfbx Employee Stock Ownership Plan Minimum Working Time For Participation In Esop
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CY2013 pfbx Service Period Required To Be Eligible For Retirement Medical Benefits Plan
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P25Y
CY2013 pfbx Amortization Period Of Accumulated Postretirement Benefit Obligations
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P20Y
CY2013 pfbx Federal Home Loan Bank Advances By Interest Rate Type Floating Rate
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CY2013 pfbx Federal Home Loan Bank Advances By Interest Rate Type Margin On Floating Rate
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2012 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2012 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2012 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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CY2012 us-gaap Interest Paid
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2549000
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CY2012 us-gaap Interest And Fee Income Loans And Leases
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CY2012 us-gaap Net Income Loss
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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464000
CY2012 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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CY2012 us-gaap Noninterest Income
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CY2012 us-gaap Loans And Leases Receivable Related Parties Collections
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3126000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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235000
CY2012 us-gaap Payments To Acquire Life Insurance Policies
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CY2012 us-gaap Interest Income Securities State And Municipal
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1493000
CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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23000
CY2012 us-gaap Interest Income Securities Us Treasury
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463000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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855000
CY2012 us-gaap Proceeds From Sale Of Other Investments
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36000
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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137000
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25277000
CY2012 us-gaap Proceeds From Federal Home Loan Bank Borrowings
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1434000
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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CY2012 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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10851000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
1718000
CY2012 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
7691059
CY2012 us-gaap Other Noninterest Expense
OtherNoninterestExpense
7745000
CY2012 us-gaap Equipment Expense
EquipmentExpense
3106000
CY2012 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-102000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
17091000
CY2012 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
67000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
170000
CY2012 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4264000
CY2012 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
232000
CY2012 us-gaap Interest Expense
InterestExpense
2067000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
867000
CY2012 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
11863000
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3676000
CY2012 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
72000
CY2012 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
648000
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
62465000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12305000
CY2012 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
10851000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
900000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-211000
CY2012 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1500000
CY2012 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
335000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1425000
CY2012 us-gaap Occupancy Net
OccupancyNet
2434000
CY2012 us-gaap Professional Fees
ProfessionalFees
511000
CY2012 us-gaap Depreciation
Depreciation
2048000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
77605104
CY2012 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
45000
CY2012 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-203000
CY2012 us-gaap Dividends Cash
DividendsCash
1028000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
358404000
CY2012 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
153000
CY2012 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1546000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11992000
CY2012 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
3755000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
489000
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
67000
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
360000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-92000
CY2012 pfbx Atm Expense
AtmExpense
2033000
CY2012 pfbx Loans Transferred To Other Real Estate
LoansTransferredToOtherRealEstate
2575520
CY2012 pfbx Rental Income
RentalIncome
442000
CY2012 pfbx Employee Stock Ownership Plan Employer Contribution
EmployeeStockOwnershipPlanEmployerContribution
330000
CY2012 pfbx Trust Expenses
TrustExpenses
314000
CY2012 pfbx Percentage Increase In Cash Surrender Value
PercentageIncreaseInCashSurrenderValue
0.08 pure
CY2012 pfbx Proceeds From Repayments Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
ProceedsFromRepaymentsOfFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
36633000
CY2012 pfbx Fdic And State Banking Assessments
FdicAndStateBankingAssessments
503000
CY2012 pfbx Interest On Deposits And Borrowings
InterestOnDepositsAndBorrowings
2082914
CY2012 pfbx Dividends Paid
DividendsPaid
513692
CY2012 pfbx Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
32110000
CY2012 pfbx Income Tax Reconciliation Cash Surrender Value
IncomeTaxReconciliationCashSurrenderValue
195000

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