2015 Q3 Form 10-Q Financial Statement

#000119312515278732 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 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 $440.0K $440.0K
YoY Change -4.26% 0.0% 2.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $236.0K $214.0K $352.0K
YoY Change -58.67% -39.2% -11.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.553M -$1.605M $100.0K
YoY Change -16.38% -1705.0% -105.03%
Income Tax -$235.0K
% Of Pretax Income -235.0%
Net Earnings -$2.553M -$1.605M $335.0K
YoY Change 41.91% -579.1% -129.21%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$498.0K -$314.5K $66.41K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $35.50M $33.39M $31.99M
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 $22.70M $22.94M $24.54M
YoY Change -5.82% -6.51% -5.83%
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 $656.6M $680.2M $739.2M
YoY Change -12.83% -7.97% -7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $117.4M
YoY Change -38.66%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $117.4M
YoY Change -38.66%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.00M $18.80M $17.80M
YoY Change 6.15% 5.62% 10.56%
Total Long-Term Liabilities $19.00M $18.80M $17.80M
YoY Change 6.15% 5.62% 10.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.4M
Total Long-Term Liabilities $19.00M $18.80M $17.80M
Total Liabilities $565.1M $587.9M $635.6M
YoY Change -13.19% -7.5% -8.66%
SHAREHOLDERS EQUITY
Retained Earnings $18.43M $20.99M $34.66M
YoY Change -43.9% -39.45% 0.96%
Common Stock $70.90M $70.90M $70.90M
YoY Change 0.0% 0.0% -0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.60M $92.32M $103.6M
YoY Change
Total Liabilities & Shareholders Equity $656.6M $680.2M $739.2M
YoY Change -12.83% -7.97% -7.5%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$2.553M -$1.605M $335.0K
YoY Change 41.91% -579.1% -129.21%
Depreciation, Depletion And Amortization $450.0K $440.0K $440.0K
YoY Change -4.26% 0.0% 2.33%
Cash From Operating Activities $1.030M $1.190M $2.310M
YoY Change -24.26% -48.48% -23.51%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K $20.00K -$20.00K
YoY Change 450.0% -200.0% -71.43%
Acquisitions
YoY Change
Other Investing Activities $24.35M $18.05M $8.650M
YoY Change 209.8% 108.67% -52.81%
Cash From Investing Activities $24.14M $18.06M $8.630M
YoY Change 208.7% 109.27% -52.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.06M -41.21M -10.65M
YoY Change -251.71% 286.95% -74.12%
NET CHANGE
Cash From Operating Activities 1.030M 1.190M 2.310M
Cash From Investing Activities 24.14M 18.06M 8.630M
Cash From Financing Activities -23.06M -41.21M -10.65M
Net Change In Cash 2.110M -21.96M 290.0K
YoY Change -91.35% -7672.41% -101.46%
FREE CASH FLOW
Cash From Operating Activities $1.030M $1.190M $2.310M
Capital Expenditures -$220.0K $20.00K -$20.00K
Free Cash Flow $1.250M $1.170M $2.330M
YoY Change -10.71% -49.79% -24.6%

Facts In Submission

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us-gaap Payments To Acquire Life Insurance Policies
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Depreciation
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pfbx Interest On Deposits And Borrowings
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pfbx Other Real Estate Expense
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pfbx Atm Expense
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pfbx Federal Deposit Insurance Corporation And State Banking Assessments
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dei Document Fiscal Year Focus
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dei Amendment Flag
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us-gaap Earnings Per Share Basic And Diluted
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dei Document Type
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dei Entity Central Index Key
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dei Entity Filer Category
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Smaller Reporting Company
us-gaap Common Stock Dividends Per Share Declared
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dei Current Fiscal Year End Date
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dei Entity Registrant Name
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PEOPLES FINANCIAL CORP /MS/
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dei Document Period End Date
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2015-06-30
us-gaap Use Of Estimates
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Use of Estimates - 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>
dei Trading Symbol
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PFBX
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100000
CY2014Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1633000
CY2014Q2 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
3000
CY2014Q2 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
158000
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
2280000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-235000
CY2014Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
537000
CY2014Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1093000
CY2014Q2 us-gaap Interest Expense
InterestExpense
352000
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
756000
CY2014Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
56000
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
707000
CY2014Q2 us-gaap Occupancy Net
OccupancyNet
675000
CY2014Q2 us-gaap Equipment Expense
EquipmentExpense
857000
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3202000
CY2014Q2 us-gaap Noninterest Expense
NoninterestExpense
7041000
CY2014Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
355000
CY2014Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
296000
CY2014Q2 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
537000
CY2014Q2 pfbx Other Real Estate Expense
OtherRealEstateExpense
171000
CY2014Q2 pfbx Atm Expense
AtmExpense
760000
CY2014Q2 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
265000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-1605000
CY2015Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
140000
CY2015Q2 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
354000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2473000
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3613000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4594000
CY2015Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
22000
CY2015Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
120000
CY2015Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
153000
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
18000
CY2015Q2 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-13000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2473000
CY2015Q2 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
500000
CY2015Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
4808000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4078000
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3058000
CY2015Q2 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
394000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1605000
CY2015Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1164000
CY2015Q2 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
3000
CY2015Q2 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
163000
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
1805000
CY2015Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1536000
CY2015Q2 us-gaap Interest Expense
InterestExpense
214000
CY2015Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
861000
CY2015Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
49000
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1989000
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
648000
CY2015Q2 us-gaap Equipment Expense
EquipmentExpense
702000
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2936000
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
6468000
CY2015Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
333000
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
165000
CY2015Q2 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
1536000
CY2015Q2 pfbx Other Real Estate Expense
OtherRealEstateExpense
291000
CY2015Q2 pfbx Atm Expense
AtmExpense
482000
CY2015Q2 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
215000

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