2024 Q2 Form 10-Q Financial Statement

#000143774924016459 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 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 $428.0K $402.0K $439.0K
YoY Change 8.94% 46.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.236M
YoY Change 61.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.100M $3.046M $2.258M
YoY Change -43.56% -0.78% -19.9%
Income Tax -$229.0K $631.0K $535.0K
% Of Pretax Income -10.9% 20.72% 23.69%
Net Earnings $2.329M $2.415M $1.723M
YoY Change -19.97% -7.93% -67.18%
Net Earnings / Revenue
Basic Earnings Per Share $0.50 $0.52
Diluted Earnings Per Share $0.50 $0.52 $0.37
COMMON SHARES
Basic Shares Outstanding 4.662M 4.662M 4.673M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.53M $108.1M $22.79M
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 $19.38M $19.60M $19.47M
YoY Change -0.14% 2.46% 5.25%
Goodwill
YoY Change
Intangibles $507.0K $522.0K $538.0K
YoY Change -10.9% -10.77% -10.33%
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 $846.7M $932.6M $797.7M
YoY Change -5.46% -5.35% -7.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $30.00M $30.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.00M $30.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.13M $20.44M $21.47M
YoY Change 1.7% 3.87%
Total Long-Term Liabilities $21.13M $20.44M $21.47M
YoY Change 1.7% 3.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.00M $30.00M
Total Long-Term Liabilities $21.13M $20.44M $21.47M
Total Liabilities $772.5M $861.9M $728.5M
YoY Change -7.05% -6.57% -9.67%
SHAREHOLDERS EQUITY
Retained Earnings $41.48M $39.99M $37.57M
YoY Change 15.08% 18.68% 20.61%
Common Stock $70.44M $70.44M $70.44M
YoY Change -0.02% -0.02% -0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.20M $70.66M $69.28M
YoY Change
Total Liabilities & Shareholders Equity $846.7M $932.6M $797.7M
YoY Change -5.46% -5.35% -7.42%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $2.329M $2.415M $1.723M
YoY Change -19.97% -7.93% -67.18%
Depreciation, Depletion And Amortization $428.0K $402.0K $439.0K
YoY Change 8.94% 46.33%
Cash From Operating Activities $669.0K $1.135M $2.705M
YoY Change -4.78% -29.24%
INVESTING ACTIVITIES
Capital Expenditures $189.0K $552.0K $447.0K
YoY Change -44.74% 58.51%
Acquisitions
YoY Change
Other Investing Activities -$147.0K -$49.77M $727.0K
YoY Change -37.58% -98.18%
Cash From Investing Activities -$336.0K -$50.32M $280.0K
YoY Change -37.67% -99.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -90.92M $134.5M -25.29M
YoY Change 15.3% -10.34%
NET CHANGE
Cash From Operating Activities 669.0K $1.135M 2.705M
Cash From Investing Activities -336.0K -$50.32M 280.0K
Cash From Financing Activities -90.92M $134.5M -25.29M
Net Change In Cash -90.59M $85.32M -22.31M
YoY Change 129.86% -245.14%
FREE CASH FLOW
Cash From Operating Activities $669.0K $1.135M $2.705M
Capital Expenditures $189.0K $552.0K $447.0K
Free Cash Flow $480.0K $583.0K $2.258M
YoY Change 202.07% -36.23%

Facts In Submission

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CY2024Q1 us-gaap Depreciation
Depreciation
402000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
369000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
15000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000 usd
CY2024Q1 pfbx Amortization On Available For Sale Securities
AmortizationOnAvailableForSaleSecurities
-570000 usd
CY2023Q1 pfbx Amortization On Available For Sale Securities
AmortizationOnAvailableForSaleSecurities
-21000 usd
CY2024Q1 pfbx Amortization On Held To Maturity Securities
AmortizationOnHeldToMaturitySecurities
51000 usd
CY2023Q1 pfbx Amortization On Held To Maturity Securities
AmortizationOnHeldToMaturitySecurities
-731000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-0 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
132000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
172000 usd
CY2024Q1 pfbx Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
121000 usd
CY2023Q1 pfbx Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
115000 usd
CY2024Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-686000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-315000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
545000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
539000 usd
CY2024Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1025000 usd
CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-567000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1135000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1192000 usd
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
51011000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
17048000 usd
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
108159000 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10651000 usd
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
5467000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
65899000 usd
CY2024Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
-0 usd
CY2023Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
153070000 usd
CY2024Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
34000 usd
CY2023Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
22000 usd
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-1928000 usd
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-1100000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
61000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2024Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
43000 usd
CY2023Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
41000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50321000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80736000 usd
CY2024Q1 pfbx Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
125112000 usd
CY2023Q1 pfbx Increase Decrease In Demand And Savings Deposits
IncreaseDecreaseInDemandAndSavingsDeposits
119192000 usd
CY2024Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-2103000 usd
CY2023Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-2529000 usd
CY2024Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
58200000 usd
CY2023Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
25600000 usd
CY2024Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
76700000 usd
CY2023Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
25600000 usd
CY2024Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
30000000 usd
CY2023Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134509000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
116663000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
85323000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37119000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22794000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32836000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108117000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69955000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">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 <em style="font: inherit;">not</em> limited to, the determination of the allowance for credit 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> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p>
CY2024Q1 pfbx Financing Receivable Accrued Interest Balance
FinancingReceivableAccruedInterestBalance
1362000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4661686
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4678186
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2225558 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1384849 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2023 pfbx Debt Securities Heldtomaturity Impairment Reversal
DebtSecuritiesHeldtomaturityImpairmentReversal
-11346 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
436911000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
83000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
40834000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
396160000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
379195000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
86000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39804000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
339477000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
30000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
0 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff
0 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Recovery
DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery
0 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
30000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2023 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
-11000 usd
CY2023 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff
0 usd
CY2023 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Recovery
DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery
0 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
30000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
145422000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
150941000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
98596000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
98264000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
101950000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
92375000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
48083000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
39275000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
45689000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
34387000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
91860000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
85942000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
436911000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
396160000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
28366000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
28202000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
54242000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
51704000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
40091000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
34952000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
22723000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
17363000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
132221000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturityLessThanTwelveMonthsFairValue
93087000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Securities Less Than Twelve Months Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesLessThanTwelveMonthsGrossUnrealizedLosses
139000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Securities Over Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesOverTwelveMonthsFairValue
273488000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Securities Over Twelve Months Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesOverTwelveMonthsGrossUnrealizedLosses
40695000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Securities Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesFairValue
366575000 usd
CY2024Q1 pfbx Available For Sale And Held To Maturity Securities Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesGrossUnrealizedLosses
40834000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturityLessThanTwelveMonthsFairValue
27561000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Securities Less Than Twelve Months Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesLessThanTwelveMonthsGrossUnrealizedLosses
42000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Securities Over Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesOverTwelveMonthsFairValue
295559000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Securities Over Twelve Months Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesOverTwelveMonthsGrossUnrealizedLosses
39762000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Securities Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesFairValue
323120000 usd
CY2023Q4 pfbx Available For Sale And Held To Maturity Securities Gross Unrealized Losses
AvailableForSaleAndHeldToMaturitySecuritiesGrossUnrealizedLosses
39804000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
236274000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
238339000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
236274000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
21000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
238339000 usd
CY2024Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
352000 usd
CY2024Q1 pfbx Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
0 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
352000 usd
CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
168000 usd
CY2023Q4 pfbx Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
45000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
213000 usd
CY2024Q1 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
1000 usd
CY2023 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
1000 usd
CY2023 pfbx Financing Receivable Modifications Number Of Contracts
FinancingReceivableModificationsNumberOfContracts
0 pure
CY2024Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
19000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3224000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
135000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
58000 usd
CY2024Q1 pfbx Financing Receivable Credit Loss Expense Reversal Net
FinancingReceivableCreditLossExpenseReversalNet
-60000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3087000 usd
CY2024Q1 pfbx Loans And Leases Receivable Allowance Including Unfunded Loan Commitment
LoansAndLeasesReceivableAllowanceIncludingUnfundedLoanCommitment
3202000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
8000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3079000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3087000 usd
CY2024Q1 pfbx Loans And Leases Receivable Allowance Including Unfunded Loan Commitment
LoansAndLeasesReceivableAllowanceIncludingUnfundedLoanCommitment
3202000 usd
CY2024Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1325000 usd
CY2024Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
234949000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
236274000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3338000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
156000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
71000 usd
CY2023Q1 pfbx Financing Receivable Credit Loss Expense Reversal Net
FinancingReceivableCreditLossExpenseReversalNet
30000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3273000 usd
CY2023Q1 pfbx Loans And Leases Receivable Allowance Including Unfunded Loan Commitment
LoansAndLeasesReceivableAllowanceIncludingUnfundedLoanCommitment
3330000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
145000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3128000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3273000 usd
CY2023Q1 pfbx Loans And Leases Receivable Allowance Including Unfunded Loan Commitment
LoansAndLeasesReceivableAllowanceIncludingUnfundedLoanCommitment
3330000 usd
CY2023Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2808000 usd
CY2023Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
233890000 usd
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
236698000 usd
CY2024Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0
CY2024Q1 pfbx Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates
PercentageOfTimeDepositsProvideForAutomaticRenewalAtCurrentInterestRates
0.98 pure
CY2024Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
108117000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
396160000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
132221000 usd
CY2024Q1 pfbx Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
350000 usd
CY2024Q1 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
2368000 usd
CY2024Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
220748000 usd
CY2024Q1 pfbx Noninterest Bearing Deposits Fair Value Disclosure
NoninterestBearingDepositsFairValueDisclosure
198543000 usd
CY2024Q1 pfbx Interest Bearing Deposits Fair Value Disclosure
InterestBearingDepositsFairValueDisclosure
527707000 usd
CY2024Q1 pfbx Time Deposits Fair Value Disclosure
TimeDepositsFairValueDisclosure
26913000 usd
CY2024Q1 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
30000000 usd
CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
22794000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
339477000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
138523000 usd
CY2023Q4 pfbx Other Investments Fair Value Disclosure
OtherInvestmentsFairValueDisclosure
350000 usd
CY2023Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
2334000 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
221896000 usd
CY2023Q4 pfbx Noninterest Bearing Deposits Fair Value Disclosure
NoninterestBearingDepositsFairValueDisclosure
174933000 usd
CY2023Q4 pfbx Interest Bearing Deposits Fair Value Disclosure
InterestBearingDepositsFairValueDisclosure
424398000 usd
CY2023Q4 pfbx Time Deposits Fair Value Disclosure
TimeDepositsFairValueDisclosure
28939000 usd
CY2023Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
18500000 usd
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
561000 usd
CY2024Q1 pfbx Current Effective Income Tax Rate Reconciliation Percent
CurrentEffectiveIncomeTaxRateReconciliationPercent
0.19 pure
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
132000 usd
CY2023Q1 pfbx Current Effective Income Tax Rate Reconciliation Percent
CurrentEffectiveIncomeTaxRateReconciliationPercent
0.04 pure
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
70000 usd
CY2024Q1 pfbx Deferred Effective Income Tax Rate Reconciliation Percent
DeferredEffectiveIncomeTaxRateReconciliationPercent
0.02 pure
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
315000 usd
CY2023Q1 pfbx Deferred Effective Income Tax Rate Reconciliation Percent
DeferredEffectiveIncomeTaxRateReconciliationPercent
0.11 pure
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
631000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
447000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.15 pure
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure

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