2017 Q3 Form 10-Q Financial Statement

#000119312517255587 Filed on August 11, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 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 $480.0K $480.0K $440.0K
YoY Change 2.13% 9.09% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $389.0K $345.0K $267.0K
YoY Change 45.69% 29.21% 24.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $236.0K $815.0K $139.0K
YoY Change -41.87% 486.33% -108.66%
Income Tax -$338.0K $78.00K
% Of Pretax Income -41.47% 56.12%
Net Earnings $236.0K $1.153M $61.00K
YoY Change -41.87% 1790.16% -103.8%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $46.88K $224.6K $11.72K
COMMON SHARES
Basic Shares Outstanding 5.123M shares 5.123M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $42.28M $49.53M $65.71M
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 $20.54M $20.83M $22.28M
YoY Change -5.22% -6.53% -2.87%
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 $657.0M $653.8M $668.5M
YoY Change -3.74% -2.2% -1.73%
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 $18.90M $18.30M $18.10M
YoY Change 3.28% 1.1% -3.72%
Total Long-Term Liabilities $18.90M $18.30M $18.10M
YoY Change 3.28% 1.1% -3.72%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $18.90M $18.30M $18.10M
Total Liabilities $565.2M $561.8M $573.8M
YoY Change -3.91% -2.09% -2.39%
SHAREHOLDERS EQUITY
Retained Earnings $20.73M $20.55M $19.29M
YoY Change 5.26% 6.52% -8.1%
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 $91.80M $91.93M $94.62M
YoY Change
Total Liabilities & Shareholders Equity $657.0M $653.8M $668.5M
YoY Change -3.74% -2.2% -1.73%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $236.0K $1.153M $61.00K
YoY Change -41.87% 1790.16% -103.8%
Depreciation, Depletion And Amortization $480.0K $480.0K $440.0K
YoY Change 2.13% 9.09% 0.0%
Cash From Operating Activities $1.870M $960.0K $1.050M
YoY Change 92.78% -8.57% -11.76%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$110.0K -$220.0K
YoY Change -226.67% -50.0% -1200.0%
Acquisitions
YoY Change
Other Investing Activities -$11.66M $20.78M $27.06M
YoY Change -29.03% -23.21% 49.92%
Cash From Investing Activities -$11.85M $20.66M $26.84M
YoY Change -27.26% -23.03% 48.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.720M -74.02M -33.79M
YoY Change -80.74% 119.06% -18.01%
NET CHANGE
Cash From Operating Activities 1.870M 960.0K 1.050M
Cash From Investing Activities -11.85M 20.66M 26.84M
Cash From Financing Activities 2.720M -74.02M -33.79M
Net Change In Cash -7.260M -52.40M -5.900M
YoY Change 505.0% 788.14% -73.13%
FREE CASH FLOW
Cash From Operating Activities $1.870M $960.0K $1.050M
Capital Expenditures -$190.0K -$110.0K -$220.0K
Free Cash Flow $2.060M $1.070M $1.270M
YoY Change 151.22% -15.75% 8.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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4843000
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8043000
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5006000
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2693000
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4846000
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8513000
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us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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136781
us-gaap Bank Owned Life Insurance Income
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0
us-gaap Comprehensive Income Net Of Tax
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3472000
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us-gaap Depreciation
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Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
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dei Entity Registrant Name
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PEOPLES FINANCIAL CORP /MS/
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0000770460
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
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62000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
103000
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1852000
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29000
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137000
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979000
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45000
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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 reporting 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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23000
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1668000
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InterestIncomeExpenseAfterProvisionForLoanLoss
4259000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4283000
CY2016Q2 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
316000
CY2016Q2 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
2000
CY2016Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
54000
CY2016Q2 us-gaap Interest Income Securities Corporate Debt Operating
InterestIncomeSecuritiesCorporateDebtOperating
8000
CY2016Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
134000
CY2016Q2 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
250000
CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3295000
CY2017Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
4598000
CY2017Q2 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
136000
CY2016Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
332000
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3568000
CY2016Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
4550000
CY2016Q2 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
218000
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2755000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
61000
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
592000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
5648000
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
1528000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1398000
CY2016Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
123000
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
11000
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1409000
CY2016Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
724000
CY2016Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
24000
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
CY2016Q2 pfbx Other Real Estate Expense
OtherRealEstateExpense
123000
CY2016Q2 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
203000
CY2016Q2 pfbx Atm Expense
AtmExpense
167000
CY2017Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
129000
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2304000
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.23
CY2017Q2 us-gaap Equipment Expense
EquipmentExpense
735000
CY2017Q2 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
428000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
13000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
44000
CY2017Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
930000
CY2017Q2 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
17000
CY2017Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
120000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
815000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-338000
CY2017Q2 us-gaap Interest Expense
InterestExpense
345000
CY2017Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
9000
CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
336000
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4223000
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4253000
CY2017Q2 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
386000
CY2017Q2 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
3000
CY2017Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
135000
CY2017Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
268000
CY2017Q2 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
375000
CY2017Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
319000
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2749000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
1153000
CY2017Q2 us-gaap Occupancy Net
OccupancyNet
520000
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
5583000
CY2017Q2 us-gaap Noninterest Income
NoninterestIncome
2175000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1151000
CY2017Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
122000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
120000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1271000
CY2017Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
757000
CY2017Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
30000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
CY2017Q2 pfbx Other Real Estate Expense
OtherRealEstateExpense
268000
CY2017Q2 pfbx Federal Deposit Insurance Corporation And State Banking Assessments
FederalDepositInsuranceCorporationAndStateBankingAssessments
99000
CY2017Q2 pfbx Atm Expense
AtmExpense
136000
CY2017Q2 pfbx Gain From Death Benefits From Life Insurance
GainFromDeathBenefitsFromLifeInsurance
429000

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