2017 Q2 Form 10-Q Financial Statement

#000119312517165348 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
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 $480.0K $473.0K $447.0K
YoY Change 9.09% 5.82% 0.45%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $345.0K $279.0K $242.0K
YoY Change 29.21% 15.29% 15.24%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $815.0K $70.00K $80.00K
YoY Change 486.33% -12.5% -106.95%
Income Tax -$338.0K
% Of Pretax Income -41.47%
Net Earnings $1.153M $74.00K $76.00K
YoY Change 1790.16% -2.63% -106.6%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $224.6K $13.67K $15.63K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $49.53M $101.9M $71.61M
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 $20.83M $21.20M $22.51M
YoY Change -6.53% -5.85% -3.78%
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 $653.8M $725.4M $700.2M
YoY Change -2.2% 3.59% -3.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.30M $18.20M $17.50M
YoY Change 1.1% 4.0% -3.85%
Total Long-Term Liabilities $18.30M $18.20M $17.50M
YoY Change 1.1% 4.0% -3.85%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $18.30M $18.20M $17.50M
Total Liabilities $561.8M $635.8M $607.1M
YoY Change -2.09% 4.72% -3.42%
SHAREHOLDERS EQUITY
Retained Earnings $20.55M $19.39M $19.23M
YoY Change 6.52% 0.86% -14.89%
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 $91.93M $89.63M $93.16M
YoY Change
Total Liabilities & Shareholders Equity $653.8M $725.4M $700.2M
YoY Change -2.2% 3.59% -3.41%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $1.153M $74.00K $76.00K
YoY Change 1790.16% -2.63% -106.6%
Depreciation, Depletion And Amortization $480.0K $473.0K $447.0K
YoY Change 9.09% 5.82% 0.45%
Cash From Operating Activities $960.0K $453.0K $40.00K
YoY Change -8.57% 1032.5% -94.59%
INVESTING ACTIVITIES
Capital Expenditures -$110.0K $24.00K $514.0K
YoY Change -50.0% -95.33% 786.21%
Acquisitions
YoY Change
Other Investing Activities $20.78M $24.08M -$17.77M
YoY Change -23.21% -235.51% -24.67%
Cash From Investing Activities $20.66M $24.06M -$18.28M
YoY Change -23.03% -231.6% -22.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.02M 36.31M 58.45M
YoY Change 119.06% -37.87% 6.86%
NET CHANGE
Cash From Operating Activities 960.0K 453.0K 40.00K
Cash From Investing Activities 20.66M 24.06M -18.28M
Cash From Financing Activities -74.02M 36.31M 58.45M
Net Change In Cash -52.40M 60.82M 40.21M
YoY Change 788.14% 51.26% 26.49%
FREE CASH FLOW
Cash From Operating Activities $960.0K $453.0K $40.00K
Capital Expenditures -$110.0K $24.00K $514.0K
Free Cash Flow $1.070M $429.0K -$474.0K
YoY Change -15.75% -190.51% -169.5%

Facts In Submission

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> 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>
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CY2016Q1 us-gaap Noninterest Income
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CY2016Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
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IncreaseDecreaseInTimeDeposits
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42000
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813589
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56126000
CY2016Q1 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
30000
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WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
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IncreaseDecreaseInDemandAndSavingsDeposits
67774000
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108000
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351000
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235325
CY2016Q1 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
226000
CY2016Q1 pfbx Net Amortization On Available For Sale Securities
NetAmortizationOnAvailableForSaleSecurities
18000

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0001193125-17-165348.txt Edgar Link pending
0001193125-17-165348-xbrl.zip Edgar Link pending
d382418d10q.htm Edgar Link pending
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