2024 Q2 Form 10-Q Financial Statement

#000095017024051732 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $98.47M $96.34M
YoY Change 9.22% 14.48%
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 $2.389M $1.416M
YoY Change -5.65% 5.04%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $49.25M $46.77M
YoY Change 36.16% 67.81%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $20.19M $22.30M
YoY Change -67.59% 0.23%
Income Tax $4.017M $4.514M
% Of Pretax Income 19.89% 20.24%
Net Earnings $16.18M $17.79M
YoY Change -66.57% -1.98%
Net Earnings / Revenue 16.43% 18.46%
Basic Earnings Per Share $0.45 $0.50
Diluted Earnings Per Share $0.45 $0.50
COMMON SHARES
Basic Shares Outstanding 35.81M 35.73M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $155.7M $89.68M
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 $55.07M $57.23M
YoY Change -1.19% 2.23%
Goodwill $295.6M $295.6M
YoY Change 0.0% -7.04%
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 $8.779B $8.631B
YoY Change 1.89% 0.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.50M $14.40M
YoY Change 58.12% -11.11%
Deferred Revenue
YoY Change
Short-Term Debt $3.343M $3.614M
YoY Change -41.43% -45.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.343M $3.614M
YoY Change -80.8% -84.13%
LONG-TERM LIABILITIES
Long-Term Debt $85.29M $85.26M
YoY Change 0.15% 0.16%
Other Long-Term Liabilities $139.4M $131.5M
YoY Change 9.54% 21.79%
Total Long-Term Liabilities $224.7M $216.7M
YoY Change 5.78% 12.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.343M $3.614M
Total Long-Term Liabilities $224.7M $216.7M
Total Liabilities $7.800B $7.657B
YoY Change 1.57% 0.12%
SHAREHOLDERS EQUITY
Retained Earnings $581.7M $576.6M
YoY Change 6.28% 13.06%
Common Stock $306.0K $306.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $129.6M $130.0M
YoY Change -1.47% -1.5%
Treasury Stock Shares
Shareholders Equity $979.1M $974.3M
YoY Change
Total Liabilities & Shareholders Equity $8.779B $8.631B
YoY Change 1.89% 0.8%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $16.18M $17.79M
YoY Change -66.57% -1.98%
Depreciation, Depletion And Amortization $2.389M $1.416M
YoY Change -5.65% 5.04%
Cash From Operating Activities $11.13M $15.22M
YoY Change -31.47% -25.8%
INVESTING ACTIVITIES
Capital Expenditures -$715.0K $1.769M
YoY Change -147.51% -1.12%
Acquisitions
YoY Change
Other Investing Activities -$66.50M -$34.46M
YoY Change 18.08% -49.65%
Cash From Investing Activities -$65.79M -$36.23M
YoY Change 13.77% -48.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 120.6M -4.061M
YoY Change 1819.88% -105.17%
NET CHANGE
Cash From Operating Activities 11.13M 15.22M
Cash From Investing Activities -65.79M -36.23M
Cash From Financing Activities 120.6M -4.061M
Net Change In Cash 65.97M -25.08M
YoY Change -286.88% -186.86%
FREE CASH FLOW
Cash From Operating Activities $11.13M $15.22M
Capital Expenditures -$715.0K $1.769M
Free Cash Flow $11.85M $13.45M
YoY Change -19.62% -28.16%

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CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6696000
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
18399000
CY2024Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2023Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
34000
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-1406000
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
3857000
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-5290000
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
14508000
CY2024Q1 pfc Other Comprehensive Income Loss Unrealized Gain Loss On Balance Sheet Swap Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnBalanceSheetSwapBeforeReclassificationAdjustmentsBeforeTax
-6024000
CY2023Q1 pfc Other Comprehensive Income Loss Unrealized Gain Loss On Balance Sheet Swap Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnBalanceSheetSwapBeforeReclassificationAdjustmentsBeforeTax
8586000
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2136000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1949000
CY2024Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Tax Portion
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapTaxPortion
-816000
CY2023Q1 pfc Other Comprehensive Income Loss Change In Unrealized Gain Loss On Balance Sheet Swap Tax Portion
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnBalanceSheetSwapTaxPortion
1394000
CY2024Q1 pfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Net Of Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossNetOfTax
-3072000
CY2023Q1 pfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Net Of Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossNetOfTax
5243000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8362000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19751000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9427000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37900000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
975627000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
694000
CY2024Q1 pfc Vesting Of Incentive Plans
VestingOfIncentivePlans
-7000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
322000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
11078000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
974341000
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
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
17789000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
18149000
CY2024Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-133000
CY2023Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
3706000
CY2024Q1 us-gaap Depreciation
Depreciation
1416000
CY2023Q1 us-gaap Depreciation
Depreciation
1348000
CY2024Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
1408000
CY2023Q1 pfc Amortization Of Premium And Discounts On Loans Securities Deposits And Debt Obligations
AmortizationOfPremiumAndDiscountsOnLoansSecuritiesDepositsAndDebtObligations
4090000
CY2024Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
775000
CY2023Q1 pfc Amortization Of Mortgage Servicing Rights Msrs Net Of Impairment Recoveries
AmortizationOfMortgageServicingRightsMsrsNetOfImpairmentRecoveries
1325000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
990000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1270000
CY2024Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1338000
CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-615000
CY2024Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
54553000
CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
72365000
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
45859000
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
78363000
CY2024Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1283000
CY2023Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-837000
CY2024Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-22000
CY2023Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-36000
CY2024Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-0
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
34000
CY2024Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-37000
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-1445000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
687000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
421000
CY2024Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
322000
CY2023Q1 pfc Restricted Stock Forfeitures For Taxes And Option Exercises
RestrictedStockForfeituresForTaxesAndOptionExercises
544000
CY2024Q1 pfc Income From Bank Owned Life Insurance
IncomeFromBankOwnedLifeInsurance
1185000
CY2023Q1 pfc Income From Bank Owned Life Insurance
IncomeFromBankOwnedLifeInsurance
994000
CY2024Q1 pfc Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
11254000
CY2023Q1 pfc Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
2838000
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3761000
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2325000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15218000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20509000
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
18349000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
42940000
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16238000
CY2024Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
131000
CY2023Q1 pfc Proceeds From Sale Of Real Estate And Other Assets Held For Sale
ProceedsFromSaleOfRealEstateAndOtherAssetsHeldForSale
348000
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
93877000
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0
CY2024Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
4315000
CY2023Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
7871000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1769000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1789000
CY2024Q1 pfc Investment In Bank Owned Life Insurance
InvestmentInBankOwnedLifeInsurance
-526000
CY2023Q1 pfc Investment In Bank Owned Life Insurance
InvestmentInBankOwnedLifeInsurance
-866000
CY2024Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-44723000
CY2023Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
120971000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36232000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70239000
CY2024Q1 pfc Net Decrease Increase In Deposits And Advance Payments By Borrowers
NetDecreaseIncreaseInDepositsAndAdvancePaymentsByBorrowers
34017000
CY2023Q1 pfc Net Decrease Increase In Deposits And Advance Payments By Borrowers
NetDecreaseIncreaseInDepositsAndAdvancePaymentsByBorrowers
-140355000
CY2024Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
-27000000
CY2023Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
230000000
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11000
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11078000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11037000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4061000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
78597000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-25075000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
28867000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114756000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128160000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89681000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157027000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
44871000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
27665000
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2024Q1 pfc Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
839000
CY2023Q1 pfc Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
25000
CY2024Q1 pfc Initial Recognition Of Lease Liability
InitialRecognitionOfLeaseLiability
839000
CY2023Q1 pfc Initial Recognition Of Lease Liability
InitialRecognitionOfLeaseLiability
25000
CY2024Q1 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).
CY2024Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2024Q1 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
2641000
CY2023Q4 pfc Mortgage Servicing Rights At Fair Value
MortgageServicingRightsAtFairValue
2744000
CY2024Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
15928000
CY2023Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
9589000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89681000
CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
89681000
CY2024Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
26075000
CY2024Q1 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
6617066000
CY2024Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
6122388000
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
34795000
CY2024Q1 pfc Accrued Interest Receivable Disclosure
AccruedInterestReceivableDisclosure
34795000
CY2024Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
7183387000
CY2024Q1 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
7169903000
CY2024Q1 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
253000000
CY2024Q1 pfc Advances From Federal Home Loan Disclosure
AdvancesFromFederalHomeLoanDisclosure
251646000
CY2024Q1 us-gaap Subordinated Debt
SubordinatedDebt
85261000
CY2024Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
82724000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
114756000
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
114756000
CY2023Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
21760000
CY2023Q4 pfc Loans Receivable Net Carrying Value
LoansReceivableNetCarryingValue
6662875000
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
6100394000
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
33446000
CY2023Q4 pfc Accrued Interest Receivable Disclosure
AccruedInterestReceivableDisclosure
33446000
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
7143046000
CY2023Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
7099593000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
280000000
CY2023Q4 pfc Advances From Federal Home Loan Disclosure
AdvancesFromFederalHomeLoanDisclosure
279213000
CY2023Q4 us-gaap Subordinated Debt
SubordinatedDebt
85229000
CY2023Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
84231000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
28175
CY2024Q1 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.
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
28175
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.18
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
28175
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.18
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
24668000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
28175
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
23.18
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3D
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
24668000
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1M
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
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
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
17789000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
18149000
CY2024Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-75000
CY2023Q1 pfc Income Allocated To Participating Securities
IncomeAllocatedToParticipatingSecurities
-42000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17714000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18107000
CY2024Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
35772000
CY2023Q1 pfc Weighted Average Number Of Shares Outstanding Basic Including Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicIncludingParticipatingSecurities
35649000
CY2024Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
108000
CY2023Q1 pfc Weighted Average Number Of Shares Outstanding Basic Participating Securities
WeightedAverageNumberOfSharesOutstandingBasicParticipatingSecurities
43000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35664000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35606000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.5
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17714000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18107000
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35664000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35606000
CY2024Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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107000
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113000
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35771000
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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82780000
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75854000
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CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
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68313000
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286000
CY2024Q1 pfc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value Net
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859021000
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167562000
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167848000
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463000
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CY2024Q1 pfc Mortgage Loans Servicing Revenue Expense
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1067000
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CY2024Q1 pfc Net Revenue Expense From Sale And Servicing Of Mortgage Loans
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2350000
CY2023Q1 pfc Net Revenue Expense From Sale And Servicing Of Mortgage Loans
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Current policy dictates that a loan will be placed on nonaccrual status, with the current accrued interest receivable balance being written off, upon the loan being 90 days delinquent or when the loan is deemed to be collateral dependent and the collateral analysis shows less than 1.2 times discounted collateral coverage based on a current assessment of the value of the collateral.
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CY2024Q1 pfc Mortgage Servicing Assets
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CY2024Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
MortgageServicingAssetsBeforeValuationAllowance
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CY2023Q1 pfc Mortgage Servicing Assets Before Valuation Allowance
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21447000
CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2024Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
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463000
CY2023Q1 pfc Valuation Allowances And Reserves Impairment Expense Recovery
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CY2024Q1 us-gaap Valuation Allowances And Reserves Balance
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CY2023Q1 us-gaap Valuation Allowances And Reserves Balance
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CY2024Q1 pfc Net Carrying Value Of Ms Rs
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CY2023Q1 pfc Net Carrying Value Of Ms Rs
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20654000
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CY2023Q1 pfc Fair Value Of Msrs
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CY2023Q1 pfc Secondary Market Buy Back Activity Expenses Credit
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CY2024Q1 us-gaap Lessee Operating Lease Option To Extend
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CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q1 us-gaap Operating Lease Cost
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60 days or less
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