2022 Q1 Form 10-Q Financial Statement

#000095017022008279 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $60.83M $61.37M
YoY Change -0.89% 12.56%
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 $1.466M $1.647M
YoY Change -10.99% 0.98%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.931M $4.859M
YoY Change -39.68% -46.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $32.53M $50.95M
YoY Change -36.16% -281.35%
Income Tax $6.170M $9.952M
% Of Pretax Income 18.97% 19.53%
Net Earnings $26.36M $41.00M
YoY Change -35.71% -282.34%
Net Earnings / Revenue 43.33% 66.8%
Basic Earnings Per Share $0.73 $1.10
Diluted Earnings Per Share $0.73 $1.10
COMMON SHARES
Basic Shares Outstanding 35.98M 37.29M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $153.8M $303.7M
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 $54.68M $74.30M
YoY Change -26.4% -4.25%
Goodwill $317.9M
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 $7.591B $7.531B
YoY Change 0.8% 15.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $16.30M $17.70M
YoY Change -7.91% -2.75%
Deferred Revenue
YoY Change
Short-Term Debt $5.340M $5.900M
YoY Change -9.49% 195.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.30M $17.70M
YoY Change -7.91% -2.75%
LONG-TERM LIABILITIES
Long-Term Debt $85.01M $84.90M
YoY Change 0.13% 135.18%
Other Long-Term Liabilities $73.70M $71.90M
YoY Change 2.5% -12.42%
Total Long-Term Liabilities $158.7M $156.8M
YoY Change 1.22% 32.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.30M $17.70M
Total Long-Term Liabilities $158.7M $156.8M
Total Liabilities $6.648B $6.532B
YoY Change 1.77% 16.19%
SHAREHOLDERS EQUITY
Retained Earnings $459.1M $388.5M
YoY Change 18.18% 31.48%
Common Stock $306.0K $306.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $132.0M $79.83M
YoY Change 65.28% 1.06%
Treasury Stock Shares $7.677M
Shareholders Equity $943.3M $998.2M
YoY Change
Total Liabilities & Shareholders Equity $7.591B $7.530B
YoY Change 0.8% 15.16%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $26.36M $41.00M
YoY Change -35.71% -282.34%
Depreciation, Depletion And Amortization $1.466M $1.647M
YoY Change -10.99% 0.98%
Cash From Operating Activities $32.01M $24.34M
YoY Change 31.51% 82.19%
INVESTING ACTIVITIES
Capital Expenditures $548.0K $120.0K
YoY Change 356.67% -83.38%
Acquisitions
YoY Change
Other Investing Activities -$185.3M -$173.3M
YoY Change 6.91% 415.77%
Cash From Investing Activities -$185.8M -$173.4M
YoY Change 7.18% 404.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.25M $1.078M
YoY Change 2149.07% -89.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 146.0M 293.5M
YoY Change -50.25% 739.27%
NET CHANGE
Cash From Operating Activities 32.01M 24.34M
Cash From Investing Activities -185.8M -173.4M
Cash From Financing Activities 146.0M 293.5M
Net Change In Cash -7.800M 144.5M
YoY Change -105.4% 934.74%
FREE CASH FLOW
Cash From Operating Activities $32.01M $24.34M
Capital Expenditures $548.0K $120.0K
Free Cash Flow $31.47M $24.22M
YoY Change 29.9% 91.65%

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CY2022Q1 pfc Other Comprehensive Income Loss Unrealized Gain Loss On Balance Sheet Swap Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnBalanceSheetSwapBeforeReclassificationAdjustmentsBeforeTax
-16241000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
793000
CY2022Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapTaxPortionAttributableToParent
-3578000
CY2022Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Net Of Tax Attributable To Parent
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapNetOfTaxAttributableToParent
-13456000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-72069000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15506000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45712000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25490000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1023496000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
26357000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-72069000
CY2022Q1 pfc Vesting Of Incentive Plans
VestingOfIncentivePlans
1006000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-246000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
216000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24245000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
10787000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
943296000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
982276000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
40996000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15506000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
551000
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
118000
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1078000
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.24
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
8943000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
998186000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
26357000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
40996000
CY2022Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
935000
CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-6963000
CY2022Q1 us-gaap Depreciation
Depreciation
1466000
CY2021Q1 us-gaap Depreciation
Depreciation
1647000
CY2022Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
1882000
CY2021Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
143000
CY2022Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
170000
CY2021Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
-2976000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1438000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1623000
CY2022Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-193000
CY2021Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0
CY2022Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
122952000
CY2021Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
258544000
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
112308000
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
249607000
CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
2543000
CY2021Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
5640000
CY2022Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6000
CY2021Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-6000
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
516000
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-643000
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1610000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
760000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
551000
CY2022Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
216000
CY2021Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
110000
CY2022Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
996000
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1168000
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
20838000
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
9833000
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12124000
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-744000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32013000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24343000
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
32299000
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
41123000
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
22380000
CY2022Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
44000
CY2021Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
117000
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
122459000
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
267079000
CY2022Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0
CY2021Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11053000
CY2022Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
3747000
CY2021Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-6698000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
548000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
120000
CY2022Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0
CY2021Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
892000
CY2022Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
91416000
CY2021Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-33669000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-185827000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-173373000
CY2022Q1 pfc Net Increase In Deposits And Advance Payments By Borrowers
NetIncreaseInDepositsAndAdvancePaymentsByBorrowers
31046000
CY2021Q1 pfc Net Increase In Deposits And Advance Payments By Borrowers
NetIncreaseInDepositsAndAdvancePaymentsByBorrowers
303532000
CY2022Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
150000000
CY2021Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
0
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24245000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1078000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10787000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8943000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
146014000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
293511000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7800000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
144481000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
161566000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159266000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153766000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303747000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3430000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
5425000
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2021Q1 pfc Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
500000
CY2021Q1 pfc Initial Recognition Of Lease Liability
InitialRecognitionOfLeaseLiability
500000
CY2021Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
54000
CY2022Q1 pfc Fair Value Determination Of Loans Held For Sale Description
FairValueDeterminationOfLoansHeldForSaleDescription
The fair value of conventional loans held for sale is determined using the current 15 day forward contract price for either 15 or 30 year conventional mortgages (Level 2). The fair value of permanent construction loans held for sale is determined using the current 60 day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3).
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2021Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2022Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
10232000
CY2022Q1 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
20715000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
11313000
CY2021Q4 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
19538000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5199000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5033000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5821000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5492000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153766000
CY2022Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
153766000
CY2022Q1 pfc Securities Available For Sale At Carrying Value
SecuritiesAvailableForSaleAtCarryingValue
1219365000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1219365000
CY2022Q1 pfc Equity Securities Carrying Value
EquitySecuritiesCarryingValue
13454000
CY2022Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
13454000
CY2022Q1 pfc Accuruedinterestcarryingvalue
Accuruedinterestcarryingvalue
21765000
CY2022Q1 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
21765000
CY2022Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
15332000
CY2022Q1 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
5321136000
CY2022Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
5319654000
CY2022Q1 pfc Loans Held For Sale At Carrying Value
LoansHeldForSaleAtCarryingValue
153498000
CY2022Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
153498000
CY2022Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
6317235000
CY2022Q1 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
6306616000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
150000000
CY2022Q1 pfc Advances From Federal Home Loan Disclosure
AdvancesFromFederalHomeLoanDisclosure
150000000
CY2022Q1 us-gaap Subordinated Debt
SubordinatedDebt
85008000
CY2022Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
84168000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
161566000
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
161566000
CY2021Q4 pfc Securities Available For Sale At Carrying Value
SecuritiesAvailableForSaleAtCarryingValue
1206260000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1206260000
CY2021Q4 pfc Equity Securities Carrying Value
EquitySecuritiesCarryingValue
14097000
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
14097000
CY2021Q4 pfc Accuruedinterestcarryingvalue
Accuruedinterestcarryingvalue
20767000
CY2021Q4 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
20767000
CY2021Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
11585000
CY2021Q4 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
5229700000
CY2021Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
5265689000
CY2021Q4 pfc Loans Held For Sale At Carrying Value
LoansHeldForSaleAtCarryingValue
162947000
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
162947000
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
6282051000
CY2021Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
6280336000
CY2021Q4 us-gaap Subordinated Debt
SubordinatedDebt
84976000
CY2021Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
85417000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35661
CY2022Q1 pfc Stock Option Period Description
StockOptionPeriodDescription
All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date.
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35661
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.72
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35661
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.72
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M2D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
310597000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
35661
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
21.72
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y1M2D
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
310597000
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1M
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000.0
CY2022Q1 pfc Compensation Expense Maximum
CompensationExpenseMaximum
6900000
CY2022Q1 pfc Estimated Compensation Expense Excepted
EstimatedCompensationExpenseExcepted
4600000
CY2022Q1 pfc Unrecognized Compensation Expense
UnrecognizedCompensationExpense
1700000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.24
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
26357000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
40996000
CY2022Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-35000
CY2021Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-43000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26322000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40953000
CY2022Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
36026000
CY2021Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
37332000
CY2022Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
48000
CY2021Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
39000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35978000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37293000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26322000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
40953000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35978000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
37293000
CY2022Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
112000
CY2021Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
64000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36090000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
37357000
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16206000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1298651000
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2339000
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
81625000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1219365000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1211353000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
9866000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
14959000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1206260000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
3230000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
3235000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
43732000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
42536000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
205366000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
195580000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
286875000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
258565000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
759448000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
719449000
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1298651000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1219365000
CY2022Q1 pfc Security Owned And Pledged As Collateral Carrying Value
SecurityOwnedAndPledgedAsCollateralCarryingValue
555000000.0
CY2021Q4 pfc Security Owned And Pledged As Collateral Carrying Value
SecurityOwnedAndPledgedAsCollateralCarryingValue
564400000
CY2022Q1 pfc Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value Net
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValueNet
941843000
CY2022Q1 pfc Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesNet
-60427000
CY2022Q1 pfc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value Net
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValueNet
164913000
CY2022Q1 pfc Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesNet
-21198000
CY2022Q1 pfc Sale Securities Continuous Unrealized Loss Position Fair Value Net
SaleSecuritiesContinuousUnrealizedLossPositionFairValueNet
1106756000
CY2022Q1 pfc Securities Continuous Unrealized Loss Position Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionAggregateLossesNet
-81625000
CY2021Q4 pfc Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value Net
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValueNet
726921000
CY2021 pfc Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesNet
-12916000
CY2021Q4 pfc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value Net
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValueNet
51446000
CY2021 pfc Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesNet
-2043000
CY2021Q4 pfc Sale Securities Continuous Unrealized Loss Position Fair Value Net
SaleSecuritiesContinuousUnrealizedLossPositionFairValueNet
778367000
CY2021 pfc Securities Continuous Unrealized Loss Position Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionAggregateLossesNet
-14959000
CY2022Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0
CY2021Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
516000000
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-643000
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1600000
CY2022Q1 pfc Loans And Leases Receivable Consumer And Commercial Real Estate Gross
LoansAndLeasesReceivableConsumerAndCommercialRealEstateGross
4601238000
CY2021Q4 pfc Loans And Leases Receivable Consumer And Commercial Real Estate Gross
LoansAndLeasesReceivableConsumerAndCommercialRealEstateGross
4480630000
CY2022Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
5905261000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
5767039000
CY2022Q1 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
525545000
CY2021Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
477890000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
8615000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
7019000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
67195000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
66468000
CY2022Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
5321136000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
5229700000
CY2022Q1 pfc Cash Paid For Paycheck Protection Program
CashPaidForPaycheckProtectionProgram
636900000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
66468000
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-289000
CY2022Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
390000
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
626000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
67195000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
82079000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-109000
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
298000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-7514000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
74754000
CY2022Q1 pfc Non Performing Loans Non Accrual Loans With Reserve
NonPerformingLoansNonAccrualLoansWithReserve
32930000
CY2021Q4 pfc Non Performing Loans Non Accrual Loans With Reserve
NonPerformingLoansNonAccrualLoansWithReserve
35480000
CY2022Q1 pfc Non Performing Loans Non Accrual Loans Without Reserve
NonPerformingLoansNonAccrualLoansWithoutReserve
14368000
CY2021Q4 pfc Non Performing Loans Non Accrual Loans Without Reserve
NonPerformingLoansNonAccrualLoansWithoutReserve
12534000
CY2022Q1 pfc Non Performing Loans Net
NonPerformingLoansNet
47298000
CY2021Q4 pfc Non Performing Loans Net
NonPerformingLoansNet
48014000
CY2022Q1 us-gaap Real Estate Assets Held For Development And Sale
RealEstateAssetsHeldForDevelopmentAndSale
253000
CY2021Q4 us-gaap Real Estate Assets Held For Development And Sale
RealEstateAssetsHeldForDevelopmentAndSale
171000
CY2022Q1 pfc Non Performing Assets Net
NonPerformingAssetsNet
47551000
CY2021Q4 pfc Non Performing Assets Net
NonPerformingAssetsNet
48185000
CY2022Q1 pfc Troubled Debt Restructuring Still Accruing
TroubledDebtRestructuringStillAccruing
6287000
CY2021Q4 pfc Troubled Debt Restructuring Still Accruing
TroubledDebtRestructuringStillAccruing
7768000
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
44077000
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
47298000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
38683000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
48014000
CY2022Q1 us-gaap Notes Receivable Net
NotesReceivableNet
5388331000
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
5296168000
CY2022Q1 pfc Mortgage Banking Gain Net
MortgageBankingGainNet
2543000
CY2021Q1 pfc Mortgage Banking Gain Net
MortgageBankingGainNet
5640000
CY2022Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
1879000
CY2021Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
1917000
CY2022Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1403000
CY2021Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
2344000
CY2022Q1 pfc Mortgage Servicing Rights Valuation Adjustments
MortgageServicingRightsValuationAdjustments
1233000
CY2021Q1 pfc Mortgage Servicing Rights Valuation Adjustments
MortgageServicingRightsValuationAdjustments
5320000
CY2022Q1 pfc Mortgage Loans Servicing Revenue Expense
MortgageLoansServicingRevenueExpense
1709000
CY2021Q1 pfc Mortgage Loans Servicing Revenue Expense
MortgageLoansServicingRevenueExpense
4893000
CY2022Q1 pfc Net Revenue From Sale And Servicing Of Mortgage Loans
NetRevenueFromSaleAndServicingOfMortgageLoans
4252000
CY2021Q1 pfc Net Revenue From Sale And Servicing Of Mortgage Loans
NetRevenueFromSaleAndServicingOfMortgageLoans
10533000
CY2022Q1 pfc Residential Mortgage Loans Unpaid Balance
ResidentialMortgageLoansUnpaidBalance
2940000000
CY2021Q4 pfc Residential Mortgage Loans Unpaid Balance
ResidentialMortgageLoansUnpaidBalance
2940000000
CY2022Q1 pfc Mortgage Servicing Assets
MortgageServicingAssets
22244000
CY2021Q1 pfc Mortgage Servicing Assets
MortgageServicingAssets
21666000
CY2022Q1 pfc Mortgage Loans Sold Serviced Retained
MortgageLoansSoldServicedRetained
1348000
CY2021Q1 pfc Mortgage Loans Sold Serviced Retained
MortgageLoansSoldServicedRetained
2374000
CY2022Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1403000
CY2021Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
2344000
CY2022Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
MortgageServicingAssetsBeforeValuationAllowance
22189000
CY2021Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
MortgageServicingAssetsBeforeValuationAllowance
21696000
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2707000
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
8513000
CY2022Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
ValuationAllowancesAndReservesImpairmentExpenseRecovery
1233000
CY2021Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
ValuationAllowancesAndReservesImpairmentExpenseRecovery
5320000
CY2022Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1474000
CY2021Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3193000
CY2022Q1 pfc Net Carrying Value Of Ms Rs
NetCarryingValueOfMSRs
20715000
CY2021Q1 pfc Net Carrying Value Of Ms Rs
NetCarryingValueOfMSRs
18503000
CY2022Q1 pfc Fair Value Of Msrs
FairValueOfMsrs
25996000
CY2021Q1 pfc Fair Value Of Msrs
FairValueOfMsrs
18695000
CY2022Q1 pfc Secondary Market Buy Back Activity Expenses Credit
SecondaryMarketBuyBackActivityExpensesCredit
0
CY2022Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
five and ten year
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y8M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M15D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0255
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0257
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
542000000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
664000000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15600000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15400000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16300000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16100000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2526000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2023000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1632000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1408000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1173000
CY2022Q1 pfc Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
11772000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20534000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4187000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16347000
CY2022Q1 us-gaap Noninterest Bearing Domestic Deposit Checking
NoninterestBearingDomesticDepositChecking
1733157000
CY2021Q4 us-gaap Noninterest Bearing Domestic Deposit Checking
NoninterestBearingDomesticDepositChecking
1724772000
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
3029260000
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
2952705000
CY2022Q1 pfc Savings Accounts Net
SavingsAccountsNet
-830143000
CY2021Q4 pfc Savings Accounts Net
SavingsAccountsNet
-804451000
CY2022Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
586967000
CY2021Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
636477000
CY2022Q1 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
137708000
CY2021Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
163646000
CY2022Q1 us-gaap Deposits
Deposits
6317235000
CY2021Q4 us-gaap Deposits
Deposits
6282051000
CY2022Q1 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
36083000
CY2021Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
36083000
CY2022Q1 pfc Subordinated Debt And Obligations
SubordinatedDebtAndObligations
48925000
CY2021Q4 pfc Subordinated Debt And Obligations
SubordinatedDebtAndObligations
48893000
CY2022Q1 pfc Period For Interest Deferral On Trust Preferred Securities
PeriodForInterestDeferralOnTrustPreferredSecurities
P5Y
CY2022Q1 pfc Commitments To Make Loans
CommitmentsToMakeLoans
1154525000
CY2021Q4 pfc Commitments To Make Loans
CommitmentsToMakeLoans
1175916000
CY2022Q1 pfc Unused Lines Of Credit
UnusedLinesOfCredit
1007302000
CY2021Q4 pfc Unused Lines Of Credit
UnusedLinesOfCredit
626348000
CY2022Q1 pfc Standby Letters Of Credit
StandbyLettersOfCredit
13319000
CY2021Q4 pfc Standby Letters Of Credit
StandbyLettersOfCredit
10851000
CY2022Q1 pfc Obligation To Extend Credit For Loan Commitments And Standby Letters Of Credit Outstanding
ObligationToExtendCreditForLoanCommitmentsAndStandbyLettersOfCreditOutstanding
2175146000
CY2021Q4 pfc Obligation To Extend Credit For Loan Commitments And Standby Letters Of Credit Outstanding
ObligationToExtendCreditForLoanCommitmentsAndStandbyLettersOfCreditOutstanding
1813115000
CY2022Q1 pfc Loan Commitments Maturities Range Description
LoanCommitmentsMaturitiesRangeDescription
60 days or less
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5814000
CY2021Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6362000
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
163000
CY2021Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
163000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
193000
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3427000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6170000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9952000
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6830000
CY2021Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
10699000
CY2022Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
128000
CY2021Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
128000
CY2022Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
186000
CY2021Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
200000
CY2022Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
209000
CY2021Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
245000
CY2022Q1 pfc Income Tax Rate Reconciliation Captive Insurance
IncomeTaxRateReconciliationCaptiveInsurance
105000
CY2021Q1 pfc Income Tax Rate Reconciliation Captive Insurance
IncomeTaxRateReconciliationCaptiveInsurance
90000
CY2022Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-288000
CY2021Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-340000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6170000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9952000
CY2022Q1 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
27300000
CY2022Q1 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
337000000.0
CY2021Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
65400000
CY2021Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
305000000.0
CY2022Q1 pfc Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
9923000
CY2021Q4 pfc Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
2336000
CY2022Q1 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
7587000
CY2021Q1 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
4124000
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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