2016 Q1 Form 10-K Financial Statement

#000119312516504615 Filed on March 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2013 Q4
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 $1.754M $420.0K
YoY Change 0.45% -3.47% -14.29%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $242.0K $875.0K
YoY Change 15.24% -39.28%
% of Operating Profit
Other Income/Expense, Net $2.098M
YoY Change 11.01%
Pretax Income $80.00K -$5.354M -$2.150M
YoY Change -106.95% 1.44% -359.04%
Income Tax -$762.0K -$1.270M
% Of Pretax Income
Net Earnings $76.00K -$4.592M -$880.0K
YoY Change -106.6% -54.1% -207.32%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $15.63K -$896.5K -$171.9K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $71.61M $36.26M
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 $22.51M $22.40M $25.31M
YoY Change -3.78% -5.88% -3.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $700.2M $641.0M $762.3M
YoY Change -3.41% -4.17% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $139.6M
YoY Change -28.12%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $139.6M
YoY Change -28.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.50M $18.00M $17.20M
YoY Change -3.85% -1.64% 5.52%
Total Long-Term Liabilities $17.50M $18.00M $17.20M
YoY Change -3.85% -1.64% 5.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $139.6M
Total Long-Term Liabilities $17.50M $18.00M $17.20M
Total Liabilities $607.1M $549.2M $663.1M
YoY Change -3.42% -4.3% -4.47%
SHAREHOLDERS EQUITY
Retained Earnings $19.23M $34.26M
YoY Change -14.89% -2.02%
Common Stock $70.90M $70.90M
YoY Change 0.0% -0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $93.16M $91.80M $99.15M
YoY Change
Total Liabilities & Shareholders Equity $700.2M $641.0M $762.3M
YoY Change -3.41% -4.17% -5.3%

Cashflow Statement

Concept 2016 Q1 2015 2013 Q4
OPERATING ACTIVITIES
Net Income $76.00K -$4.592M -$880.0K
YoY Change -106.6% -54.1% -207.32%
Depreciation, Depletion And Amortization $447.0K $1.754M $420.0K
YoY Change 0.45% -3.47% -14.29%
Cash From Operating Activities $40.00K $4.640M $4.700M
YoY Change -94.59% -29.27% 74.07%
INVESTING ACTIVITIES
Capital Expenditures $514.0K $416.0K -$30.00K
YoY Change 786.21% 41.98% -80.0%
Acquisitions
YoY Change
Other Investing Activities -$17.77M $28.13M $28.92M
YoY Change -24.67% -60.82% -16.15%
Cash From Investing Activities -$18.28M $27.71M $28.88M
YoY Change -22.71% -61.24% -15.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 58.45M -24.51M -31.96M
YoY Change 6.86% -73.0% 228.81%
NET CHANGE
Cash From Operating Activities 40.00K 4.640M 4.700M
Cash From Investing Activities -18.28M 27.71M 28.88M
Cash From Financing Activities 58.45M -24.51M -31.96M
Net Change In Cash 40.21M 7.840M 1.620M
YoY Change 26.49% -161.64% -94.07%
FREE CASH FLOW
Cash From Operating Activities $40.00K $4.640M $4.700M
Capital Expenditures $514.0K $416.0K -$30.00K
Free Cash Flow -$474.0K $4.224M $4.730M
YoY Change -169.5% -32.6% 65.96%

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PEOPLES FINANCIAL CORP /MS/
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<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Reclassification</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">Certain reclassifications have been made to the prior year statements to conform to current year presentation. The reclassifications had no effect on prior year net income.</p> </div>
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DefinedBenefitPlanServiceCost
94000
CY2015 us-gaap Advertising Expense
AdvertisingExpense
505000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2015 us-gaap Equipment Expense
EquipmentExpense
2809000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1820000
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11716000
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
56593000
CY2015 us-gaap Professional Fees
ProfessionalFees
785000
CY2015 us-gaap Depreciation
Depreciation
1754000
CY2015 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
458000
CY2015 us-gaap Noninterest Expense
NoninterestExpense
28106000
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
70000
CY2015 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1403000
CY2015 us-gaap Interest Expense Deposits
InterestExpenseDeposits
677000
CY2015 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16749000
CY2015 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
11706000
CY2015 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
5043000
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
210000
CY2015 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
992545000
CY2015 pfbx Income Tax Reconciliation Cash Surrender Value
IncomeTaxReconciliationCashSurrenderValue
166000
CY2015 pfbx Fdic And State Banking Assessments
FdicAndStateBankingAssessments
928000
CY2015 pfbx Federal Reserve Bank Advances Maturity Period
FederalReserveBankAdvancesMaturityPeriod
P1D
CY2015 pfbx Defined Benefit Plan Decrease In Assumed Healthcare Cost Trend Rate Percentage
DefinedBenefitPlanDecreaseInAssumedHealthcareCostTrendRatePercentage
0.0100 pure
CY2015 pfbx Trust Expenses
TrustExpenses
355000
CY2015 pfbx Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
-2463000
CY2015 pfbx Deferred Fees Interest Percentage
DeferredFeesInterestPercentage
0.10 pure
CY2015 pfbx Undistributed Earnings Of Bank Subsidiaries
UndistributedEarningsOfBankSubsidiaries
11161710
CY2015 pfbx Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates
PercentageOfTimeDepositsProvideForAutomaticRenewalAtCurrentInterestRates
0.98 pure
CY2015 pfbx Employee Stock Ownership Plan Employer Contribution
EmployeeStockOwnershipPlanEmployerContribution
260000
CY2015 pfbx Net Amortization On Available For Sale Securities
NetAmortizationOnAvailableForSaleSecurities
224000
CY2015 pfbx Employee Stock Ownership Plan Employer Matching Contribution Percentage
EmployeeStockOwnershipPlanEmployerMatchingContributionPercentage
0.75 pure
CY2015 pfbx Employee Stock Ownership Plan Eligible Age Of Employee For Participation In Esop
EmployeeStockOwnershipPlanEligibleAgeOfEmployeeForParticipationInESOP
P21Y
CY2015 pfbx Loans Charge Off Delinquent Period
LoansChargeOffDelinquentPeriod
P90D
CY2015 pfbx Service Period Required To Be Eligible For Retirement Medical Benefits Plan
ServicePeriodRequiredToBeEligibleForRetirementMedicalBenefitsPlan
P25Y
CY2015 pfbx Maximum Age Until Deferment Of Annual Director Fees Possible
MaximumAgeUntilDefermentOfAnnualDirectorFeesPossible
P65Y
CY2015 pfbx Interest On Deposits And Borrowings
InterestOnDepositsAndBorrowings
874890
CY2015 pfbx Defined Benefit Plan Health Care Cost Trend Rate Assumed For Year Five And After
DefinedBenefitPlanHealthCareCostTrendRateAssumedForYearFiveAndAfter
0.0500 pure
CY2015 pfbx Minimum Period For Appraisals Outdated
MinimumPeriodForAppraisalsOutdated
P12M
CY2015 pfbx Number Of Operating Subsidiary
NumberOfOperatingSubsidiary
2 Subsidiary
CY2015 pfbx Employee Stock Ownership Plan Minimum Working Time For Participation In Esop
EmployeeStockOwnershipPlanMinimumWorkingTimeForParticipationInEsop
PT1000H
CY2015 pfbx Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation Percentage
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligationPercentage
0.1128 pure
CY2015 pfbx Amortization Period Of Accumulated Postretirement Benefit Obligations
AmortizationPeriodOfAccumulatedPostretirementBenefitObligations
P20Y
CY2015 pfbx Defined Benefit Plan Health Care Cost Trend Rate Assumed For Current Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForCurrentFiscalYear
0.0675 pure
CY2015 pfbx Rental Income
RentalIncome
393000
CY2015 pfbx Defined Benefit Plan Increase In Assumed Healthcare Cost Trend Rate Percentage
DefinedBenefitPlanIncreaseInAssumedHealthcareCostTrendRatePercentage
0.0100 pure
CY2015 pfbx Provision For Loan Losses Gains Expensed
ProvisionForLoanLossesGainsExpensed
2582000
CY2015 pfbx Atm Expense
AtmExpense
1183000
CY2015 pfbx Accumulated Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss
AccumulatedOtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLoss
-697000
CY2015 pfbx Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation Percentage
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligationPercentage
0.1381 pure
CY2015 pfbx Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components Percentage
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponentsPercentage
0.1423 pure
CY2015 pfbx Effective Income Tax Rate Reconciliation For Income On Boli
EffectiveIncomeTaxRateReconciliationForIncomeOnBOLI
0.03 pure
CY2015 pfbx Federal Net Operating Loss Expiration Beginning Period
FederalNetOperatingLossExpirationBeginningPeriod
2034

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