2014 Q4 Form 10-Q Financial Statement

#000119312514410427 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
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 $460.0K $470.0K $450.0K
YoY Change 9.52% 4.44% -15.09%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $571.0K $374.0K
YoY Change 52.67% -18.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.820M -$3.053M $781.0K
YoY Change 31.16% -490.91% -2.38%
Income Tax $6.300M -$1.254M -$105.0K
% Of Pretax Income -13.44%
Net Earnings -$9.120M -$1.799M $886.0K
YoY Change 936.36% -303.05% 18.13%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.781M -$351.6K $173.8K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $23.56M $56.38M $34.64M
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 $23.78M $24.11M $25.69M
YoY Change -6.02% -6.18% -3.41%
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 $668.9M $753.3M $796.5M
YoY Change -12.25% -5.43% -2.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $120.8M $147.6M
YoY Change -18.16% 6.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $120.8M $147.6M
YoY Change -18.16% 6.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.30M $17.90M $16.60M
YoY Change 6.4% 7.83% 5.73%
Total Long-Term Liabilities $18.30M $17.90M $16.60M
YoY Change 6.4% 7.83% 5.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.8M $147.6M
Total Long-Term Liabilities $18.30M $17.90M $16.60M
Total Liabilities $573.9M $650.9M $694.4M
YoY Change -13.45% -6.26% -1.13%
SHAREHOLDERS EQUITY
Retained Earnings $23.74M $32.86M $35.14M
YoY Change -30.7% -6.49%
Common Stock $70.90M $70.90M $70.90M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.95M $102.4M $102.1M
YoY Change
Total Liabilities & Shareholders Equity $668.9M $753.3M $796.5M
YoY Change -12.25% -5.43% -2.07%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$9.120M -$1.799M $886.0K
YoY Change 936.36% -303.05% 18.13%
Depreciation, Depletion And Amortization $460.0K $470.0K $450.0K
YoY Change 9.52% 4.44% -15.09%
Cash From Operating Activities $1.730M $1.360M $1.130M
YoY Change -63.19% 20.35% -58.76%
INVESTING ACTIVITIES
Capital Expenditures -$130.0K -$40.00K -$90.00K
YoY Change 333.33% -55.56% 28.57%
Acquisitions
YoY Change
Other Investing Activities $42.94M $7.860M -$16.73M
YoY Change 48.48% -146.98% -156.07%
Cash From Investing Activities $42.80M $7.820M -$16.81M
YoY Change 48.2% -146.52% -156.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.36M 15.20M -2.020M
YoY Change 142.05% -852.48% -94.95%
NET CHANGE
Cash From Operating Activities 1.730M 1.360M 1.130M
Cash From Investing Activities 42.80M 7.820M -16.81M
Cash From Financing Activities -77.36M 15.20M -2.020M
Net Change In Cash -32.83M 24.38M -17.70M
YoY Change -2126.54% -237.74% 135.69%
FREE CASH FLOW
Cash From Operating Activities $1.730M $1.360M $1.130M
Capital Expenditures -$130.0K -$40.00K -$90.00K
Free Cash Flow $1.860M $1.400M $1.220M
YoY Change -60.68% 14.75% -56.58%

Facts In Submission

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dei Entity Registrant Name
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PEOPLES FINANCIAL CORP /MS/
dei Trading Symbol
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us-gaap Troubled Debt Restructuring Debtor Current Period Description Of Changes In Terms
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Two loans which had been classified as troubled debt restructurings
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us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> 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.</p> </div>
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dei Document Fiscal Period Focus
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-1562000
pfbx Increase Decrease In Demand And Savings Deposits
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43340000
pfbx Proceeds From Repayments Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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-18865000
pfbx Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates
PercentageOfTimeDepositsProvideForAutomaticRenewalAtCurrentInterestRates
0.98 pure
pfbx Time Deposits Year Of Maturity
TimeDepositsYearOfMaturity
2017
pfbx Number Of Operating Subsidiary
NumberOfOperatingSubsidiary
2 Subsidiary
pfbx Interest On Deposits And Borrowings
InterestOnDepositsAndBorrowings
1209501
pfbx Atm Expense
AtmExpense
2072000
pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
4615000
CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
405000
CY2013 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
329000
CY2013 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
76000
CY2013 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
16305000
CY2013 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
27265000
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
43570000
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5123316 shares
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18
CY2013Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4889000
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InterestIncomeExpenseNet
5431000
CY2013Q3 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
828000
CY2013Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4217000
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-1906000
CY2013Q3 us-gaap Noninterest Income
NoninterestIncome
2306000
CY2013Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
3000
CY2013Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
6000
CY2013Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1618000
CY2013Q3 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
139000
CY2013Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
228000
CY2013Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
3000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1020000
CY2013Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
384000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
781000
CY2013Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
368000
CY2013Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
36000
CY2013Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
121000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
1000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
886000
CY2013Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
5805000
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
310000
CY2013Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
160000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1904000
CY2013Q3 us-gaap Interest Expense
InterestExpense
374000
CY2013Q3 us-gaap Equipment Expense
EquipmentExpense
722000
CY2013Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
43000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3005000
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
981000
CY2013Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
162000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-105000
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
6414000
CY2013Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
305000
CY2013Q3 us-gaap Occupancy Net
OccupancyNet
544000
CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1041000
CY2013Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
542000
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1306000
CY2013Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
38000
CY2013Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
293000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
2000
CY2013Q3 pfbx Atm Expense
AtmExpense
635000
CY2013Q3 pfbx Provision For Loan Losses Gains Expensed
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542000
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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5123186 shares
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.35
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1355000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4896000
CY2014Q3 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
785000
CY2014Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3867000
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
570000
CY2014Q3 us-gaap Noninterest Income
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2079000
CY2014Q3 us-gaap Interest Income Federal Funds Sold
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5000
CY2014Q3 us-gaap Interest And Dividend Income Securities Other
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12000
CY2014Q3 us-gaap Fees And Commissions Depositor Accounts
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1437000
CY2014Q3 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
159000
CY2014Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
234000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1229000
CY2014Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
405000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-3053000
CY2014Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
391000
CY2014Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-30000
CY2014Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
115000
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-1799000
CY2014Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
5467000
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
279000
CY2014Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
166000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
570000
CY2014Q3 us-gaap Interest Expense
InterestExpense
571000
CY2014Q3 us-gaap Equipment Expense
EquipmentExpense
748000
CY2014Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
66000
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3002000
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
294000
CY2014Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
259000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1254000
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
6487000
CY2014Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
328000
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
600000
CY2014Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
893000
CY2014Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3541000
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2244000
CY2014Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
23000
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
482000
CY2014Q3 pfbx Atm Expense
AtmExpense
657000
CY2014Q3 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
3541000

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