2015 Q4 Form 10-Q Financial Statement

#000119312515373031 Filed on November 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 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 $410.0K $450.0K $470.0K
YoY Change -10.87% -4.26% 4.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $236.0K $571.0K
YoY Change -58.67% 52.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$50.00K -$2.553M -$3.053M
YoY Change -98.23% -16.38% -490.91%
Income Tax -$760.0K -$1.254M
% Of Pretax Income
Net Earnings $720.0K -$2.553M -$1.799M
YoY Change -107.89% 41.91% -303.05%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $140.6K -$498.0K -$351.6K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.40M $35.50M $56.38M
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 $22.45M $22.70M $24.11M
YoY Change -5.63% -5.82% -6.18%
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 $641.0M $656.6M $753.3M
YoY Change -4.17% -12.83% -5.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $120.8M
YoY Change -18.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $120.8M
YoY Change -18.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.00M $19.00M $17.90M
YoY Change -1.64% 6.15% 7.83%
Total Long-Term Liabilities $18.00M $19.00M $17.90M
YoY Change -1.64% 6.15% 7.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.8M
Total Long-Term Liabilities $18.00M $19.00M $17.90M
Total Liabilities $549.2M $565.1M $650.9M
YoY Change -4.32% -13.19% -6.26%
SHAREHOLDERS EQUITY
Retained Earnings $19.15M $18.43M $32.86M
YoY Change -19.34% -43.9% -6.49%
Common Stock $70.90M $70.90M $70.90M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.84M $91.60M $102.4M
YoY Change
Total Liabilities & Shareholders Equity $641.0M $656.6M $753.3M
YoY Change -4.17% -12.83% -5.43%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $720.0K -$2.553M -$1.799M
YoY Change -107.89% 41.91% -303.05%
Depreciation, Depletion And Amortization $410.0K $450.0K $470.0K
YoY Change -10.87% -4.26% 4.44%
Cash From Operating Activities $1.680M $1.030M $1.360M
YoY Change -2.89% -24.26% 20.35%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$220.0K -$40.00K
YoY Change 23.08% 450.0% -55.56%
Acquisitions
YoY Change
Other Investing Activities $9.320M $24.35M $7.860M
YoY Change -78.3% 209.8% -146.98%
Cash From Investing Activities $9.160M $24.14M $7.820M
YoY Change -78.6% 208.7% -146.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.94M -23.06M 15.20M
YoY Change -80.69% -251.71% -852.48%
NET CHANGE
Cash From Operating Activities 1.680M 1.030M 1.360M
Cash From Investing Activities 9.160M 24.14M 7.820M
Cash From Financing Activities -14.94M -23.06M 15.20M
Net Change In Cash -4.100M 2.110M 24.38M
YoY Change -87.51% -91.35% -237.74%
FREE CASH FLOW
Cash From Operating Activities $1.680M $1.030M $1.360M
Capital Expenditures -$160.0K -$220.0K -$40.00K
Free Cash Flow $1.840M $1.250M $1.400M
YoY Change -1.08% -10.71% 14.75%

Facts In Submission

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pfbx Interest On Deposits And Borrowings
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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
EarningsPerShareBasicAndDiluted
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dei Document Type
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10-Q
dei Entity Central Index Key
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0000770460
dei Entity Filer Category
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Smaller Reporting Company
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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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2015-09-30
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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1695000
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CY2014Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
391000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3053000
CY2014Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1437000
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
294000
CY2014Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
12000
CY2014Q3 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
159000
CY2014Q3 us-gaap Noninterest Income
NoninterestIncome
2079000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1254000
CY2014Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3541000
CY2014Q3 us-gaap Interest Expense
InterestExpense
571000
CY2014Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
717000
CY2014Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
66000
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2244000
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
600000
CY2014Q3 us-gaap Equipment Expense
EquipmentExpense
748000
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3002000
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
6487000
CY2014Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
328000
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
505000
CY2014Q3 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
3541000
CY2014Q3 pfbx Other Real Estate Expense
OtherRealEstateExpense
176000
CY2014Q3 pfbx Atm Expense
AtmExpense
657000
CY2014Q3 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
259000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.50
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-2553000
CY2015Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
211000
CY2015Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
245000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1824000
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3665000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4511000
CY2015Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
15000
CY2015Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
121000
CY2015Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
147000
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
122000
CY2015Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-29000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1824000
CY2015Q3 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
475000
CY2015Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
4747000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-729000
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4226000
CY2015Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
438000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2553000
CY2015Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
943000
CY2015Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
13000
CY2015Q3 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
187000
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
1684000
CY2015Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
285000
CY2015Q3 us-gaap Interest Expense
InterestExpense
236000
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
1695000
CY2015Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
825000
CY2015Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
57000
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1580000
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
556000
CY2015Q3 us-gaap Equipment Expense
EquipmentExpense
716000
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2943000
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
8463000
CY2015Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
344000
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
179000
CY2015Q3 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
285000
CY2015Q3 pfbx Other Real Estate Expense
OtherRealEstateExpense
962000
CY2015Q3 pfbx Atm Expense
AtmExpense
179000
CY2015Q3 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
243000

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