2018 Q4 Form 10-Q Financial Statement

#000119312518325115 Filed on November 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 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 $500.0K $470.0K $480.0K
YoY Change 4.17% -2.08% 2.13%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $709.0K $389.0K
YoY Change 82.26% 45.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $70.00K $172.0K $236.0K
YoY Change -87.27% -27.12% -41.87%
Income Tax -$40.00K
% Of Pretax Income -57.14%
Net Earnings $100.0K $172.0K $236.0K
YoY Change -92.31% -27.12% -41.87%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $20.12K $33.86K $46.88K
COMMON SHARES
Basic Shares Outstanding 4.999M shares 5.038M shares 5.123M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.19M $21.45M $42.28M
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 $18.88M $19.33M $20.54M
YoY Change -6.32% -5.89% -5.22%
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 $616.8M $619.4M $657.0M
YoY Change -5.17% -5.72% -3.74%
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 $20.20M $20.50M $18.90M
YoY Change 0.0% 8.47% 3.28%
Total Long-Term Liabilities $20.20M $20.50M $18.90M
YoY Change 0.0% 8.47% 3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $20.20M $20.50M $18.90M
Total Liabilities $529.9M $534.4M $565.2M
YoY Change -5.54% -5.44% -3.91%
SHAREHOLDERS EQUITY
Retained Earnings $20.32M $21.09M $20.73M
YoY Change -5.75% 1.71% 5.26%
Common Stock $70.72M $70.79M $70.90M
YoY Change -0.2% -0.16% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.93M $84.97M $91.80M
YoY Change
Total Liabilities & Shareholders Equity $616.8M $619.4M $657.0M
YoY Change -5.17% -5.72% -3.74%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $100.0K $172.0K $236.0K
YoY Change -92.31% -27.12% -41.87%
Depreciation, Depletion And Amortization $500.0K $470.0K $480.0K
YoY Change 4.17% -2.08% 2.13%
Cash From Operating Activities $1.770M $1.090M $1.870M
YoY Change 5.36% -41.71% 92.78%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$280.0K -$190.0K
YoY Change -50.0% 47.37% -226.67%
Acquisitions
YoY Change
Other Investing Activities -$700.0K $6.610M -$11.66M
YoY Change -94.4% -156.69% -29.03%
Cash From Investing Activities -$750.0K $6.330M -$11.85M
YoY Change -94.05% -153.42% -27.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.290M -21.82M 2.720M
YoY Change -12.85% -902.21% -80.74%
NET CHANGE
Cash From Operating Activities 1.770M 1.090M 1.870M
Cash From Investing Activities -750.0K 6.330M -11.85M
Cash From Financing Activities -5.290M -21.82M 2.720M
Net Change In Cash -4.270M -14.40M -7.260M
YoY Change -74.87% 98.35% 505.0%
FREE CASH FLOW
Cash From Operating Activities $1.770M $1.090M $1.870M
Capital Expenditures -$50.00K -$280.0K -$190.0K
Free Cash Flow $1.820M $1.370M $2.060M
YoY Change 2.25% -33.5% 151.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> 10. Reclassifications:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications have been made to prior year statements to conform to current year presentations. The reclassifications had no effect on prior year net income.</p> </div>
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LaborAndRelatedExpense
2746000
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
5579000
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
1610000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
236000
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-319000
CY2017Q3 us-gaap Occupancy Net
OccupancyNet
493000
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-319000
CY2017Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
128000
CY2017Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
720000
CY2017Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
29000
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5123186 shares
CY2017Q3 pfbx Other Real Estate Expense
OtherRealEstateExpense
305000
CY2017Q3 pfbx Atm Expense
AtmExpense
141000
CY2018Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
109000
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-726000
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2018Q3 us-gaap Equipment Expense
EquipmentExpense
753000
CY2018Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
111000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
205000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
350000
CY2018Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-115000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
172000
CY2018Q3 us-gaap Interest Expense
InterestExpense
709000
CY2018Q3 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
1000
CY2018Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
26000
CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
682000
CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4245000
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4273000
CY2018Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
438000
CY2018Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
10000
CY2018Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
80000
CY2018Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
662000
CY2018Q3 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
343000
CY2018Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
359000
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3335000
CY2018Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
4982000
CY2018Q3 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
114000
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2706000
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
5606000
CY2018Q3 us-gaap Noninterest Income
NoninterestIncome
1533000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
172000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-898000
CY2018Q3 us-gaap Occupancy Net
OccupancyNet
559000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-898000
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
123000
CY2018Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
777000
CY2018Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
28000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5020021 shares
CY2018Q3 pfbx Other Real Estate Expense
OtherRealEstateExpense
174000
CY2018Q3 pfbx Atm Expense
AtmExpense
167000

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