2023 Q2 Form 10-Q Financial Statement

#000095017023018322 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $90.16M $84.16M
YoY Change 42.98% 38.36%
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 $2.532M $1.348M
YoY Change -9.51% -8.05%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $36.17M $27.87M
YoY Change 812.85% 850.84%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $62.30M $22.25M
YoY Change 124.06% -31.59%
Income Tax $13.91M $4.103M
% Of Pretax Income 22.33% 18.44%
Net Earnings $48.39M $18.15M
YoY Change 116.42% -31.14%
Net Earnings / Revenue 53.67% 21.57%
Basic Earnings Per Share $1.35 $0.51
Diluted Earnings Per Share $1.35 $0.51
COMMON SHARES
Basic Shares Outstanding 35.73M 35.61M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $121.7M $157.0M
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 $55.74M $55.98M
YoY Change 3.1% 2.37%
Goodwill $295.6M $318.0M
YoY Change -7.03% 0.01%
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 $8.616B $8.562B
YoY Change 7.56% 12.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.70M $16.20M
YoY Change -27.33% -0.61%
Deferred Revenue
YoY Change
Short-Term Debt $5.708M $6.577M
YoY Change -15.5% 23.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.41M $22.78M
YoY Change 8.12% 39.74%
LONG-TERM LIABILITIES
Long-Term Debt $85.17M $85.12M
YoY Change 0.15% 0.14%
Other Long-Term Liabilities $127.2M $107.9M
YoY Change 20.9% 46.45%
Total Long-Term Liabilities $212.4M $193.1M
YoY Change 11.63% 21.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.41M $22.78M
Total Long-Term Liabilities $212.4M $193.1M
Total Liabilities $7.679B $7.648B
YoY Change 8.01% 15.05%
SHAREHOLDERS EQUITY
Retained Earnings $547.3M $510.0M
YoY Change 16.26% 11.09%
Common Stock $306.0K $306.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $131.5M $132.0M
YoY Change -1.91% 0.02%
Treasury Stock Shares $7.596M
Shareholders Equity $937.0M $914.5M
YoY Change
Total Liabilities & Shareholders Equity $8.616B $8.562B
YoY Change 7.56% 12.8%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $48.39M $18.15M
YoY Change 116.42% -31.14%
Depreciation, Depletion And Amortization $2.532M $1.348M
YoY Change -9.51% -8.05%
Cash From Operating Activities $16.24M $20.51M
YoY Change -60.11% -35.94%
INVESTING ACTIVITIES
Capital Expenditures $1.505M $1.789M
YoY Change -289.55% 226.46%
Acquisitions
YoY Change
Other Investing Activities -$56.32M -$68.45M
YoY Change -88.63% -63.06%
Cash From Investing Activities -$57.83M -$70.24M
YoY Change -88.35% -62.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.283M 78.60M
YoY Change -98.56% -46.17%
NET CHANGE
Cash From Operating Activities 16.24M 20.51M
Cash From Investing Activities -57.83M -70.24M
Cash From Financing Activities 6.283M 78.60M
Net Change In Cash -35.30M 28.87M
YoY Change 82.22% -470.09%
FREE CASH FLOW
Cash From Operating Activities $16.24M $20.51M
Capital Expenditures $1.505M $1.789M
Free Cash Flow $14.74M $18.72M
YoY Change -64.5% -40.51%

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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
34000
CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2023Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
3857000
CY2022Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-15580000
CY2023Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
14508000
CY2022Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-58613000
CY2023Q1 pfc Other Comprehensive Income Loss Unrealized Gain Loss On Balance Sheet Swap Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnBalanceSheetSwapBeforeReclassificationAdjustmentsBeforeTax
8586000
CY2022Q1 pfc Other Comprehensive Income Loss Unrealized Gain Loss On Balance Sheet Swap Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnBalanceSheetSwapBeforeReclassificationAdjustmentsBeforeTax
-16241000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1949000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
793000
CY2023Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapTaxPortionAttributableToParent
1394000
CY2022Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapTaxPortionAttributableToParent
-3578000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
5243000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-13456000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19751000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-72069000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37900000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45712000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
887721000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
18149000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19751000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
125000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
296000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
544000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
11000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
11037000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
914450000
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
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
18149000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
26357000
CY2023Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
3706000
CY2022Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
935000
CY2023Q1 us-gaap Depreciation
Depreciation
1348000
CY2022Q1 us-gaap Depreciation
Depreciation
1466000
CY2023Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
4090000
CY2022Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
1882000
CY2023Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
1325000
CY2022Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
170000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1270000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1438000
CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-615000
CY2022Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-193000
CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
72365000
CY2022Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
122952000
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
78363000
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
112308000
CY2023Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-837000
CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
2543000
CY2023Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-36000
CY2022Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6000
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
34000
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1445000
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-643000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
421000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
760000
CY2023Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
544000
CY2022Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
216000
CY2023Q1 pfc Income From Bank Owned Life Insurance
IncomeFromBankOwnedLifeInsurance
994000
CY2022Q1 pfc Income From Bank Owned Life Insurance
IncomeFromBankOwnedLifeInsurance
996000
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2838000
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
20838000
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2325000
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12124000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20509000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32013000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
42940000
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
32299000
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16238000
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
348000
CY2022Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
44000
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
122459000
CY2023Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
7871000
CY2022Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
3747000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1789000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
548000
CY2023Q1 pfc Investment In Bank Owned Life Insurance
InvestmentInBankOwnedLifeInsurance
-866000
CY2022Q1 pfc Investment In Bank Owned Life Insurance
InvestmentInBankOwnedLifeInsurance
0
CY2023Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
120971000
CY2022Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
91416000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70239000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-185827000
CY2023Q1 pfc Net Decrease Increase In Deposits And Advance Payments By Borrowers
NetDecreaseIncreaseInDepositsAndAdvancePaymentsByBorrowers
-140355000
CY2022Q1 pfc Net Decrease Increase In Deposits And Advance Payments By Borrowers
NetDecreaseIncreaseInDepositsAndAdvancePaymentsByBorrowers
31046000
CY2023Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
230000000
CY2022Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
150000000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24245000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11037000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10787000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
78597000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
146014000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
28867000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7800000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128160000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
161566000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157027000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153766000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
27665000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3430000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2023Q1 pfc Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
25000
CY2022Q1 pfc Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
0
CY2023Q1 pfc Initial Recognition Of Lease Liability
InitialRecognitionOfLeaseLiability
25000
CY2022Q1 pfc Initial Recognition Of Lease Liability
InitialRecognitionOfLeaseLiability
0
CY2023Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0
CY2022Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0
CY2023Q1 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 5 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).
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2023Q1 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
2513000
CY2022Q4 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
5126000
CY2023Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
6263000
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5146000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
157027000
CY2023Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
157027000
CY2023Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
37056000
CY2023Q1 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
6501556000
CY2023Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
6267202000
CY2023Q1 us-gaap Interest Receivable
InterestReceivable
29388000
CY2023Q1 pfc Accrued Interest Receivable Disclosure
AccruedInterestReceivableDisclosure
29388000
CY2023Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
6774031000
CY2023Q1 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
6778208000
CY2023Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
658000000
CY2023Q1 pfc Advances From Federal Home Loan Disclosure
AdvancesFromFederalHomeLoanDisclosure
657994000
CY2023Q1 us-gaap Subordinated Debt
SubordinatedDebt
85123000
CY2023Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
73758000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128160000
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
128160000
CY2022Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
29185000
CY2022Q4 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
6387804000
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
6129814000
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
28709000
CY2022Q4 pfc Accrued Interest Receivable Disclosure
AccruedInterestReceivableDisclosure
28709000
CY2022Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
6906719000
CY2022Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
6881110000
CY2022Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
428000000
CY2022Q4 pfc Advances From Federal Home Loan Disclosure
AdvancesFromFederalHomeLoanDisclosure
427999000
CY2022Q4 us-gaap Subordinated Debt
SubordinatedDebt
85103000
CY2022Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
76989000
CY2023Q1 pfc Compensation Expense Maximum
CompensationExpenseMaximum
5600000
CY2023Q1 pfc Estimated Compensation Expense Excepted
EstimatedCompensationExpenseExcepted
3500000
CY2023Q1 pfc Unrecognized Compensation Expense
UnrecognizedCompensationExpense
865000
CY2023Q1 pfc Sharebasedcompensationreductionofexpense
Sharebasedcompensationreductionofexpense
338000
CY2022Q1 pfc Sharebasedcompensationreductionofexpense
Sharebasedcompensationreductionofexpense
499000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
444000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
262000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29661
CY2023Q1 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.
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29661
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.54
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29661
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.54
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M2D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
43909000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29661
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
22.54
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y10M2D
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
43909000
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1M
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
18149000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
26357000
CY2023Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-42000
CY2022Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-35000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18107000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26322000
CY2023Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
35649000
CY2022Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
36026000
CY2023Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
43000
CY2022Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
48000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35606000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35978000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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18107000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26322000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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35606000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35978000
CY2023Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
113000
CY2022Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
112000
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
35719000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36090000
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
627
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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16206
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1159810000
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
456000
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
162138000
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
998128000
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1220127000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
609000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
180655000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1040081000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
623000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
624000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
43817000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
40481000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
230273000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
201039000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
226774000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
181205000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
658323000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
574779000
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1159810000
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
998128000
CY2023Q1 pfc Security Owned And Pledged As Collateral Carrying Value
SecurityOwnedAndPledgedAsCollateralCarryingValue
793100000
CY2022Q4 pfc Security Owned And Pledged As Collateral Carrying Value
SecurityOwnedAndPledgedAsCollateralCarryingValue
759800000
CY2023Q1 pfc Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value Net
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValueNet
34391000
CY2023Q1 pfc Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesNet
1333000
CY2023Q1 pfc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value Net
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValueNet
919595000
CY2023Q1 pfc Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesNet
160805000
CY2023Q1 pfc Sale Securities Continuous Unrealized Loss Position Fair Value Net
SaleSecuritiesContinuousUnrealizedLossPositionFairValueNet
953986000
CY2023Q1 pfc Securities Continuous Unrealized Loss Position Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionAggregateLossesNet
162138000
CY2022Q4 pfc Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value Net
SecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValueNet
387127000
CY2022 pfc Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesNet
50612000
CY2022Q4 pfc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value Net
SecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValueNet
572643000
CY2022 pfc Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesNet
130043000
CY2022Q4 pfc Sale Securities Continuous Unrealized Loss Position Fair Value Net
SaleSecuritiesContinuousUnrealizedLossPositionFairValueNet
959770000
CY2022 pfc Securities Continuous Unrealized Loss Position Aggregate Losses Net
SecuritiesContinuousUnrealizedLossPositionAggregateLossesNet
180655000
CY2023Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
34000000
CY2022Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1400000
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-643000
CY2023Q1 pfc Loans And Leases Receivable Consumer And Commercial Real Estate Gross
LoansAndLeasesReceivableConsumerAndCommercialRealEstateGross
5623719000
CY2022Q4 pfc Loans And Leases Receivable Consumer And Commercial Real Estate Gross
LoansAndLeasesReceivableConsumerAndCommercialRealEstateGross
5576140000
CY2023Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
7168836000
CY2022Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
7122338000
CY2023Q1 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
604228000
CY2022Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
672775000
CY2023Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
11221000
CY2022Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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CY2023Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
74273000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
72816000
CY2023Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
6501556000
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
6387804000
CY2023Q1 pfc Cash Paid For Paycheck Protection Program
CashPaidForPaycheckProtectionProgram
636900000
CY2023Q1 pfc Non Performing Loans Non Accrual Loans With Reserve
NonPerformingLoansNonAccrualLoansWithReserve
19925000
CY2022Q4 pfc Non Performing Loans Non Accrual Loans With Reserve
NonPerformingLoansNonAccrualLoansWithReserve
20369000
CY2023Q1 pfc Non Performing Loans Non Accrual Loans Without Reserve
NonPerformingLoansNonAccrualLoansWithoutReserve
14452000
CY2022Q4 pfc Non Performing Loans Non Accrual Loans Without Reserve
NonPerformingLoansNonAccrualLoansWithoutReserve
13453000
CY2023Q1 pfc Non Performing Loans Net
NonPerformingLoansNet
34377000
CY2022Q4 pfc Non Performing Loans Net
NonPerformingLoansNet
33822000
CY2023Q1 us-gaap Real Estate Assets Held For Development And Sale
RealEstateAssetsHeldForDevelopmentAndSale
393000
CY2022Q4 us-gaap Real Estate Assets Held For Development And Sale
RealEstateAssetsHeldForDevelopmentAndSale
619000
CY2023Q1 pfc Non Performing Assets Net
NonPerformingAssetsNet
34770000
CY2022Q4 pfc Non Performing Assets Net
NonPerformingAssetsNet
34441000
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
38848000
CY2023Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
34377000
CY2022Q4 us-gaap Notes Receivable Gross
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47284000
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
33822000
CY2023Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
412000
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
6575829000
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
6460620000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
72816000
CY2023Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
2713000
CY2023Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
226000
CY2023Q1 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
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3944000
CY2023Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
74273000
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
CY2023Q1 pfc Mortgage Banking Gain Net
MortgageBankingGainNet
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CY2022Q1 pfc Mortgage Banking Gain Net
MortgageBankingGainNet
2543000
CY2023Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
1888000
CY2022Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
1879000
CY2023Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1219000
CY2022Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1403000
CY2023Q1 pfc Mortgage Servicing Rights Valuation Adjustments
MortgageServicingRightsValuationAdjustments
-106000
CY2022Q1 pfc Mortgage Servicing Rights Valuation Adjustments
MortgageServicingRightsValuationAdjustments
1233000
CY2023Q1 pfc Mortgage Loans Servicing Revenue Expense
MortgageLoansServicingRevenueExpense
563000
CY2022Q1 pfc Mortgage Loans Servicing Revenue Expense
MortgageLoansServicingRevenueExpense
1709000
CY2023Q1 pfc Net Revenue From Sale And Servicing Of Mortgage Loans
NetRevenueFromSaleAndServicingOfMortgageLoans
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CY2022Q1 pfc Net Revenue From Sale And Servicing Of Mortgage Loans
NetRevenueFromSaleAndServicingOfMortgageLoans
4252000
CY2023Q1 pfc Residential Mortgage Loans Unpaid Balance
ResidentialMortgageLoansUnpaidBalance
2960000000
CY2022Q4 pfc Residential Mortgage Loans Unpaid Balance
ResidentialMortgageLoansUnpaidBalance
2960000000
CY2023Q1 pfc Mortgage Servicing Assets
MortgageServicingAssets
21858000
CY2022Q1 pfc Mortgage Servicing Assets
MortgageServicingAssets
22244000
CY2023Q1 pfc Mortgage Loans Sold Serviced Retained
MortgageLoansSoldServicedRetained
808000
CY2022Q1 pfc Mortgage Loans Sold Serviced Retained
MortgageLoansSoldServicedRetained
1348000
CY2023Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1219000
CY2022Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1403000
CY2023Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
MortgageServicingAssetsBeforeValuationAllowance
21447000
CY2022Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
MortgageServicingAssetsBeforeValuationAllowance
22189000
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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687000
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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2707000
CY2023Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
ValuationAllowancesAndReservesImpairmentExpenseRecovery
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CY2022Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
ValuationAllowancesAndReservesImpairmentExpenseRecovery
1233000
CY2023Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
793000
CY2022Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1474000
CY2023Q1 pfc Net Carrying Value Of Ms Rs
NetCarryingValueOfMSRs
20654000
CY2022Q1 pfc Net Carrying Value Of Ms Rs
NetCarryingValueOfMSRs
20715000
CY2023Q1 pfc Fair Value Of Msrs
FairValueOfMsrs
28165000
CY2022Q1 pfc Fair Value Of Msrs
FairValueOfMsrs
25996000
CY2023Q1 pfc Secondary Market Buy Back Activity Expenses Credit
SecondaryMarketBuyBackActivityExpensesCredit
0
CY2022Q1 pfc Secondary Market Buy Back Activity Expenses Credit
SecondaryMarketBuyBackActivityExpensesCredit
0
CY2023Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
five and ten year
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P13Y3M14D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0241
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
542000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15500000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14900000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16200000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15600000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2854000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1977000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1675000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1419000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1290000
CY2023Q1 pfc Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
11172000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20387000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4210000
CY2023Q1 us-gaap Operating Lease Liability
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16177000
CY2023Q1 pfc Income Tax Rate Reconciliation Captive Insurance
IncomeTaxRateReconciliationCaptiveInsurance
92000
CY2022Q1 pfc Income Tax Rate Reconciliation Captive Insurance
IncomeTaxRateReconciliationCaptiveInsurance
105000
CY2023Q1 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4103000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6170000
CY2023Q1 us-gaap Noninterest Bearing Domestic Deposit Checking
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1649726000
CY2022Q4 us-gaap Noninterest Bearing Domestic Deposit Checking
NoninterestBearingDomesticDepositChecking
1869509000
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
3179844000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
3185440000
CY2023Q1 pfc Savings Accounts Net
SavingsAccountsNet
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CY2022Q4 pfc Savings Accounts Net
SavingsAccountsNet
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CY2023Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
708818000
CY2022Q4 us-gaap Time Deposits Less Than100000
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645318000
CY2023Q1 us-gaap Time Deposits100000 Or More
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305046000
CY2022Q4 us-gaap Time Deposits100000 Or More
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264741000
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
154869000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
143708000
CY2023Q1 us-gaap Deposits
Deposits
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CY2022Q4 us-gaap Deposits
Deposits
6906719000
CY2023Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
658000000
CY2022Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
428000000
CY2023Q1 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
36083000
CY2022Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
36083000
CY2023Q1 pfc Subordinated Debt And Obligations
SubordinatedDebtAndObligations
49041000
CY2022Q4 pfc Subordinated Debt And Obligations
SubordinatedDebtAndObligations
49020000
CY2023Q1 pfc Period For Interest Deferral On Trust Preferred Securities
PeriodForInterestDeferralOnTrustPreferredSecurities
P5Y
CY2023Q1 pfc Commitments To Make Loans
CommitmentsToMakeLoans
820570000
CY2022Q4 pfc Commitments To Make Loans
CommitmentsToMakeLoans
957533000
CY2023Q1 pfc Unused Lines Of Credit
UnusedLinesOfCredit
1072405000
CY2022Q4 pfc Unused Lines Of Credit
UnusedLinesOfCredit
1044875000
CY2023Q1 pfc Standby Letters Of Credit
StandbyLettersOfCredit
17884000
CY2022Q4 pfc Standby Letters Of Credit
StandbyLettersOfCredit
18632000
CY2023Q1 pfc Obligation To Extend Credit For Loan Commitments And Standby Letters Of Credit Outstanding
ObligationToExtendCreditForLoanCommitmentsAndStandbyLettersOfCreditOutstanding
1910859000
CY2022Q4 pfc Obligation To Extend Credit For Loan Commitments And Standby Letters Of Credit Outstanding
ObligationToExtendCreditForLoanCommitmentsAndStandbyLettersOfCreditOutstanding
2021040000
CY2023Q1 pfc Loan Commitments Maturities Range Description
LoanCommitmentsMaturitiesRangeDescription
60 days or less
CY2023Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3352000
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5814000
CY2023Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
136000
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
163000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
615000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
193000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4103000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6170000
CY2023Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4673000
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6830000
CY2023Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
107000
CY2022Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
128000
CY2023Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
140000
CY2022Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
186000
CY2023Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
298000
CY2022Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
209000
CY2023Q1 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
39800000
CY2023Q1 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
304000000.0
CY2022Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
35900000
CY2022Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
254000000.0
CY2023Q1 pfc Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
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