2014 Q1 Form 10-K Financial Statement

#000119312514102484 Filed on March 17, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $16.43M $37.37M $9.171M
YoY Change 84.84% -0.59%
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 $910.0K $1.250M $380.0K
YoY Change 333.33% 10.62% -337.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.687M $4.169M $1.212M
YoY Change 63.31% -22.25%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.161M $6.206M $3.465M
YoY Change 89.1% -54.52% 46.82%
Income Tax $1.463M $485.0K $757.0K
% Of Pretax Income 23.75% 7.82% 21.85%
Net Earnings $4.698M $5.721M $2.708M
YoY Change 86.35% -45.97% 50.44%
Net Earnings / Revenue 28.59% 15.31% 29.53%
Basic Earnings Per Share $0.62 $1.21
Diluted Earnings Per Share $0.62 $1.21 $606.3K
COMMON SHARES
Basic Shares Outstanding 7.550M shares
Diluted Shares Outstanding 7.580M shares 4.733M shares

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.0M $225.1M
YoY Change
Cash & Equivalents $79.21M $47.84M
Short-Term Investments $318.8M $177.3M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $25.58M $26.10M $15.14M
YoY Change 72.85% 91.61%
Goodwill $63.37M $26.40M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.36M $8.115M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.718B $1.688B $918.0M
YoY Change 83.9% 47.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $700.0K $700.0K
YoY Change 0.0% 133.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $22.54M $22.10M $8.019M
YoY Change 176.25% -81.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $600.0K $700.0K $700.0K
YoY Change 0.0% 133.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.60M $10.40M $9.500M
YoY Change 9.47% 111.11%
Total Long-Term Liabilities $12.60M $10.40M $9.500M
YoY Change 9.47% 111.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $600.0K $700.0K $700.0K
Total Long-Term Liabilities $12.60M $10.40M $9.500M
Total Liabilities $1.476B $1.449B $785.6M
YoY Change 84.5% 39.84%
SHAREHOLDERS EQUITY
Retained Earnings $86.37M $83.80M
YoY Change
Common Stock $161.6M $48.94M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.300M
YoY Change
Treasury Stock Shares 255.0K shares
Shareholders Equity $242.6M $238.8M $132.4M
YoY Change
Total Liabilities & Shareholders Equity $1.718B $1.688B $918.0M
YoY Change 83.9% 47.74%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $4.698M $5.721M $2.708M
YoY Change 86.35% -45.97% 50.44%
Depreciation, Depletion And Amortization $910.0K $1.250M $380.0K
YoY Change 333.33% 10.62% -337.5%
Cash From Operating Activities $7.130M $9.815M $3.930M
YoY Change 36.96% -22.12% -53.82%
INVESTING ACTIVITIES
Capital Expenditures $122.0K $614.0K -$1.600M
YoY Change -78.81% 416.13%
Acquisitions
YoY Change
Other Investing Activities -$1.080M -$17.54M $49.99M
YoY Change -87.56% -174.29% 7.76%
Cash From Investing Activities -$1.199M -$14.92M $48.39M
YoY Change -86.19% -175.87% 4.99%
FINANCING ACTIVITIES
Cash Dividend Paid $2.341M $5.511M
YoY Change 70.13% 0.13%
Common Stock Issuance & Retirement, Net $70.00K
YoY Change
Debt Paid & Issued, Net $890.0K $11.17M
YoY Change -90.23% -12.92%
Cash From Financing Activities 21.97M 8.568M -41.20M
YoY Change 147.0% -145.34% -7.33%
NET CHANGE
Cash From Operating Activities 7.130M 9.815M 3.930M
Cash From Investing Activities -1.199M -14.92M 48.39M
Cash From Financing Activities 21.97M 8.568M -41.20M
Net Change In Cash 27.90M 3.466M 11.12M
YoY Change 414.61% -74.06% 9.66%
FREE CASH FLOW
Cash From Operating Activities $7.130M $9.815M $3.930M
Capital Expenditures $122.0K $614.0K -$1.600M
Free Cash Flow $7.008M $9.201M $5.530M
YoY Change -5.19% -37.3%

Facts In Submission

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AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
11000
CY2012Q4 pfis Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
13000
CY2012Q4 pfis Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
872000
CY2012Q4 pfis Contractual Amount For Off Balance Sheet Commitments
ContractualAmountForOffBalanceSheetCommitments
189357000
CY2012Q4 pfis Available For Sale Securities Gross Unrealized Gains Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedGainsAccumulatedInInvestment
6868000
CY2012Q4 pfis Available For Sale Securities Gross Unrealized Loss Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestment
13000
CY2012Q4 pfis Loans And Leases Receivable Related Parties Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableRelatedPartiesImpairedNonperformingNonaccrualOfInterest
351000
CY2012Q4 pfis Company Common Stock Included In Equity Securities
CompanyCommonStockIncludedInEquitySecurities
0
CY2012Q4 pfis Deferred Tax Assets Merger Related Accounting
DeferredTaxAssetsMergerRelatedAccounting
61000
CY2012Q4 pfis Deferred Tax Liabilities Investment Securities Available For Sale
DeferredTaxLiabilitiesInvestmentSecuritiesAvailableForSale
2331000
CY2012Q4 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Ending Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceEndingBalance
CY2013Q4 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.591 pure
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
30827000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7806789 shares
CY2013Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.31
CY2013Q4 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
263559 shares
CY2013Q4 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
104964 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.37
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30827000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
30.37
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
253845 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
2.00
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
17906000
CY2013Q4 us-gaap Time Deposits
TimeDeposits
302907000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
262000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2057000
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
83000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36342000
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3279000
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
22052000
CY2013Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
174362000
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8651000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1432000
CY2013Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
29691000
CY2013Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
41110000
CY2013Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
168085000
CY2013Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
229626000
CY2013Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
16075000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
158000
CY2013Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
279942000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-698000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
455000
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8651000
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2024000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
238792000
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
146109000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2725000
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
68000
CY2013Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
134822000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3047000
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
976000
CY2013Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
9300000
CY2013Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2024000
CY2013Q4 us-gaap Deposits
Deposits
1379507000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
84008000
CY2013Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
23104000
CY2013Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1099565000
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
14211000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
15614000
CY2013Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
372101000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1688221000
CY2013Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
27443000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2392000
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
10404000
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
36743000
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6627000
CY2013Q4 us-gaap Deposit Liabilities With Abnormal Terms
DepositLiabilitiesWithAbnormalTerms
0
CY2013Q4 us-gaap Liabilities
Liabilities
1449429000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
214000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
-403000
CY2013Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
194931000
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
723000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8616000
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
275000
CY2013Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
18565000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
6096000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
CY2013Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
12166000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
22544000
CY2013Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
30004000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1685000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
232415000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
66203000
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
934000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
157000
CY2013Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
202407000
CY2013Q4 us-gaap Availableforsale Securities Restricted Noncurrent
AvailableforsaleSecuritiesRestrictedNoncurrent
4102000
CY2013Q4 us-gaap Goodwill
Goodwill
63370000
CY2013Q4 us-gaap Federal Funds Sold
FederalFundsSold
9460000
CY2013Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
296905000
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1167966000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1359000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9949000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1333000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
10000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
10569000
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
4378000
CY2013Q4 us-gaap Other Real Estate
OtherRealEstate
648000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6359000
CY2013Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
17295000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
726000
CY2013Q4 us-gaap Assets
Assets
1688221000
CY2013Q4 us-gaap Financing Receivable Acquired With Deteriorated Credit Quality
FinancingReceivableAcquiredWithDeterioratedCreditQuality
7391000
CY2013Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
3211000
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
3114000
CY2013Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
25756000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51310000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
9923000
CY2013Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
405000
CY2013Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
244000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3080000
CY2013Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
7167000
CY2013Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
22266000
CY2013Q4 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
6921000
CY2013Q4 us-gaap Loans Receivable Held For Sale Net
LoansReceivableHeldForSaleNet
1757000
CY2013Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
1478000
CY2013Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
6835000
CY2013Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1455000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
76122000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1182000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
104683000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
62461000
CY2013Q4 us-gaap Interest Receivable
InterestReceivable
5866000
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
133317000
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
9896000
CY2013Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
14274000
CY2013Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1154351000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
350000
CY2013Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
299715000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
160000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
7372000
CY2013Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17175000
CY2013Q4 us-gaap Marketable Securities
MarketableSecurities
317010000
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
29066000
CY2013Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
14274000
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax
2524000
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
4378000
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
17681000
CY2013Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
11846000
CY2013Q4 us-gaap Other Assets
OtherAssets
47988000
CY2013Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1154952000
CY2013Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1176617000
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
12417000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1030000
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
342000
CY2013Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
29198000
CY2013Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
298618000
CY2013Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
15513000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
879000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2940000
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
136431000
CY2013Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
22059000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
170000
CY2013Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
895000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
CY2013Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
13621000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
6873000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6241000
CY2013Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
6606000
CY2013Q4 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
0
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26119000
CY2013Q4 pfis Acquired Impaired Loans From Merger
AcquiredImpairedLoansFromMerger
7391000
CY2013Q4 pfis Postretirement Life Insurance Benefit Amount
PostretirementLifeInsuranceBenefitAmount
50000
CY2013Q4 pfis Short Term Debt Weighted Average Interest Rate At Year End
ShortTermDebtWeightedAverageInterestRateAtYearEnd
0.0067 pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13937000
CY2012 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2013Q4 pfis Acquired Loans At Fair Value Carrying Amount
AcquiredLoansAtFairValueCarryingAmount
496650000
CY2013Q4 pfis Standby Letter Of Credit
StandbyLetterOfCredit
29914000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2013Q4 pfis Commitment To Extend Credit
CommitmentToExtendCredit
221138000
CY2013Q4 pfis Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
984000
CY2013Q4 pfis Unused Letters Of Credit
UnusedLettersOfCredit
52257000
CY2013Q4 pfis Mortgage Servicing Rights
MortgageServicingRights
880000
CY2013Q4 pfis Available For Sale Securities Unrealized Gain Loss Net Of Tax
AvailableForSaleSecuritiesUnrealizedGainLossNetOfTax
1826000
CY2013Q4 pfis Deferred Loan Costs Net
DeferredLoanCostsNet
24000
CY2013Q4 pfis Deferred Tax Assets Other Than Temporary Impairment Of Securities
DeferredTaxAssetsOtherThanTemporaryImpairmentOfSecurities
131000
CY2013Q4 pfis Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInInvestments
4000
CY2013Q4 pfis Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
1945000
CY2013Q4 pfis Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
1949000
CY2013Q4 pfis Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
-777000
CY2013Q4 pfis Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
657000
CY2013Q4 pfis Contractual Amount For Off Balance Sheet Commitments
ContractualAmountForOffBalanceSheetCommitments
303309000
CY2013Q4 pfis Available For Sale Securities Gross Unrealized Gains Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedGainsAccumulatedInInvestment
3982000
CY2013Q4 pfis Available For Sale Securities Gross Unrealized Loss Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestment
1172000
CY2013Q4 pfis Number Of Board Of Directors Members
NumberOfBoardOfDirectorsMembers
14 Directors
CY2013Q4 pfis Loans And Leases Receivable Related Parties Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableRelatedPartiesImpairedNonperformingNonaccrualOfInterest
2487000
CY2013Q4 pfis Company Common Stock Included In Equity Securities
CompanyCommonStockIncludedInEquitySecurities
0
CY2013Q4 pfis Deferred Tax Assets Merger Related Accounting
DeferredTaxAssetsMergerRelatedAccounting
1505000
CY2013Q4 pfis Deferred Tax Liabilities Investment Securities Available For Sale
DeferredTaxLiabilitiesInvestmentSecuritiesAvailableForSale
2220000
CY2013Q4 pfis Commitments Subject To Undue Credit Risk
CommitmentsSubjectToUndueCreditRisk
0
CY2013Q4 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Ending Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceEndingBalance
6892000
CY2013Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
412000 shares
CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
473000
CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
5976000
CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
18647000
CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
11737000
CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
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CY2013Q4 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
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CY2013Q4 pfis Noncash Or Part Noncash Acquisition Short Term Borrowing Assumed
NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed
17737000
CY2013Q4 pfis Noncash Or Part Noncash Acquisition Accrued Interest Receivable Assumed
NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed
3625000
CY2013Q4 pfis Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
628304000
CY2013Q4 pfis Noncash Or Part Noncash Acquisition Restricted Equity Securities Assumed
NoncashOrPartNoncashAcquisitionRestrictedEquitySecuritiesAssumed
997000
CY2013Q4 pfis Noncash Or Part Non Cash Acquisition Loans Net
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504002000
CY2013Q4 pfis Noncash Or Part Non Cash Acquisition Long Term Debt Assumed
NoncashOrPartNonCashAcquisitionLongTermDebtAssumed
2516000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.23
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4467261 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2011 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
4467261 shares
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
32368000
CY2011 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
29987000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12371000
CY2011 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
666000
CY2011 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4470000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2315000
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
28312000
CY2011 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000
CY2011 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
28000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10531000
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1458000
CY2011 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2724000
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10615000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1221000
CY2011 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1647000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1840000
CY2011 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
59000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10531000
CY2011 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
253000
CY2011 us-gaap Merchant Discount Fees
MerchantDiscountFees
4670000
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
13179000
CY2011 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
666000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
4873000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
78000
CY2011 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
130000
CY2011 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1563000
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
51312000
CY2011 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0
CY2011 us-gaap Interest Paid
InterestPaid
7457000
CY2011 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-557000
CY2011 us-gaap Insurance Investment Income
InsuranceInvestmentIncome
490000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13565000
CY2011 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
39707000
CY2011 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
28000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
10531000
CY2011 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-262000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-494000
CY2011 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
585000
CY2011 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3273000
CY2011 us-gaap Dividend Income Operating
DividendIncomeOperating
64000
CY2011 us-gaap Proceeds From Sale Of Other Real Estate Heldforinvestment
ProceedsFromSaleOfOtherRealEstateHeldforinvestment
1141000
CY2011 us-gaap Noninterest Income
NoninterestIncome
12619000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
739000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
5504000
CY2011 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
29348000
CY2011 us-gaap Noninterest Expense
NoninterestExpense
29041000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
47000
CY2011 us-gaap Restricted Stock Expense
RestrictedStockExpense
55000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4872000
CY2011 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1578000
CY2011 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
83000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-948000
CY2011 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1050000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
217000
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-167000
CY2011 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2381000
CY2011 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2298000
CY2011 us-gaap Other Noninterest Expense
OtherNoninterestExpense
8059000
CY2011 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
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-18101000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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20261000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
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15318000
CY2011 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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19883000
CY2011 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
209000
CY2011 us-gaap Interest Expense
InterestExpense
7339000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4612000
CY2011 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2057000
CY2011 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
CY2011 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2300000
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3635000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11196000
CY2011 us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
-19420000
CY2011 us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
0
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
78000
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-931000
CY2011 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2011 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2381000
CY2011 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2011 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
304000
CY2011 us-gaap Interest Expense Deposits
InterestExpenseDeposits
4958000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
304000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2817000
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
23325000
CY2011 us-gaap Occupancy Net
OccupancyNet
3561000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
55000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
98000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13951000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
666000
CY2011 us-gaap Dividends
Dividends
5504000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
494000
CY2011 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-118000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
1497000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3034000
CY2011 pfis Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
18186000
CY2011 pfis Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
56319000
CY2011 pfis Fees Merchant Services
FeesMerchantServices
3166000
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Charge Off
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldChargeOff
CY2011 pfis Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
1.73
CY2011 pfis Interest And Fee Income Loans Taxable
InterestAndFeeIncomeLoansTaxable
32398000
CY2011 pfis Interest And Fee Income Loans Tax Exempt
InterestAndFeeIncomeLoansTaxExempt
1187000
CY2011 pfis Available For Sale Securities Income Tax Benefit On Realized Gains Losses
AvailableForSaleSecuritiesIncomeTaxBenefitOnRealizedGainsLosses
226000
CY2011 pfis Amortization Of Purchase Accounting Adjustments On Tangible Assets
AmortizationOfPurchaseAccountingAdjustmentsOnTangibleAssets
345000
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Amortization
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretibleYieldAmortization
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretibleYieldPayments
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceAdditions
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Amortization
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceAmortization
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Charge Off
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceChargeOff
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferencePayments
18000
CY2011 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Beginning Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceBeginningBalance
229000
CY2013 dei Trading Symbol
TradingSymbol
PFIS
CY2013 dei Entity Registrant Name
EntityRegistrantName
PEOPLES FINANCIAL SERVICES CORP.
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2013-11-30
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001056943
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
40000
CY2013 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2013 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>19. Contingencies:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Neither the Company nor any of its property is subject to any material legal proceedings. Management, after consultation with legal counsel, does not anticipate that the ultimate liability, if any, arising out of pending and threatened lawsuits will have a material effect on the operating results or financial position of the Company.</p> </div>
CY2013 us-gaap Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
2013-06-28
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2013 us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
The Penseco merger agreement contemplates that, unless 80 percent of our Board of Directors determines otherwise, the Company will pay a quarterly cash dividend in an amount no less than $0.31 per share through 2018, provided that sufficient funds are legally available, and that the Company and Peoples Bank remain "well-capitalized" in accordance with applicable regulatory guidelines
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.23
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4733059 shares
CY2013 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
27.50
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y6M
CY2013 us-gaap Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
The Postretirement Life Insurance Plan was an unfunded, non-vesting defined benefit plan for employees of Penn Security Bank and Trust Company hired after July 1, 1995; which provided postretirement life insurance benefit of $50,000 at retirement, then decreasing to $5,000 at age 75. Employees hired prior to July 1, 1995 were entitled to three times their salary at retirement. During 2013 the company entered into an agreement with an insurance company to transfer all risk and obligation for benefits payable as to the current retiree group in exchange for a one time fixed payment, additionally the company eliminated retiree life insurance for current employees.
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2013 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
273000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9815000
CY2013 us-gaap Defined Benefit Plan Diversification
DefinedBenefitPlanDiversification
We invest in individual high-grade common stocks that are selected from our approved list; (ii) diversification is maintained by having no more than 20% in any industry sector and no individual equity representing more than 10% of the portfolio
CY2013 us-gaap Loans Receivable Description Of Variable Rate Basis
LoansReceivableDescriptionOfVariableRateBasis
Three-month Libor plus 1.21% to plus 1.57%.
CY2013 us-gaap Defined Benefit Plan Target Plan Asset Allocations
DefinedBenefitPlanTargetPlanAssetAllocations
1.000 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.38
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
4733059 shares
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1826000
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3150000 shares
CY2013 us-gaap Merchant Discount Fees
MerchantDiscountFees
3936000
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
16519000
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
181000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
150000 shares
CY2013 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company recognizes accrued interest and penalties assessed as a result of a taxing authority examination through income tax expense. The Company files consolidated income tax returns in the United States of America and various states' jurisdictions. The Company is no longer subject to federal and state income tax examinations by taxing authorities for years before 2010.
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Estimates:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that are particularly susceptible to material change in the near term relate to the determination of the allowance for loan losses, fair value of financial instruments, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of deferred tax assets, determination of other-than-temporary impairment losses on securities, impairment of goodwill and fair value of assets acquired and liabilities assumed in business combinations. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2013-12-01
CY2013 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
163000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3882000
CY2013 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
10156000
CY2013 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33201000
CY2013 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
30840000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5313000
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
163000
CY2013 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4092000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
2810000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2700000
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
15262000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
473000
CY2013 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000
CY2013 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
184000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5721000
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1428000
CY2013 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
421000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-408000
CY2013 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
86000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5721000
CY2013 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
25898000
CY2013 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1793000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11166000
CY2013 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
6873000
CY2013 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
505000
CY2013 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
924000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1143000
CY2013 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1735000
CY2013 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
52734000
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-438000
CY2013 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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1226000
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34000
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5000
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1259000
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22392000
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3466000
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4573000
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5405000
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234000
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2110000
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4263000
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4609000
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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841000
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1048000
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326000
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24221000
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163000
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5511000
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350000
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0
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CY2013 us-gaap Income Tax Expense Benefit
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4290000
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P5Y
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CY2013 pfis Expiration Of Stand By Letters Of Credit
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P12M
CY2013 pfis Number Of Full Service Banking Offices
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CY2013 pfis Share Based Compensation Arrangement By Share Based Payment Award Options Assumed From Acquisitions In Period
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8900000 shares
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17737000
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0.06 pure
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16080000
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52295000
CY2013 pfis Fees Merchant Services
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2490000
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Charge Off
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266000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.340 pure
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2.37
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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12602000
CY2012 us-gaap Defined Benefit Plan Target Plan Asset Allocations
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3625000
CY2013 pfis Consumer Loans Period
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CY2013 pfis Period Of Retained Earnings For Restriction Of Dividend
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P7Y
CY2013 pfis Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
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2.19
CY2013 pfis Valuation Allowance On Loans Held For Sale
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0
CY2013 pfis Age Limit For Postretirement Life Insurance Benefit
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75 Age
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628304000
CY2013 pfis Loans Outstanding
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CY2013 pfis Defined Benefit Plan Expected Future Benefit Payments Period
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P5Y
CY2013 pfis Share Based Compensation Arrangement By Share Based Payment Award Options Assumed From Acquisition In Period Weighted Average Exercise Price
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30.93
CY2013 pfis Finance Receivable Past Due Period For Nonaccrual Status
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10577000
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317000
CY2012 us-gaap Fees And Commissions Depositor Accounts
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3680000
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6855000
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2260000
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46297000
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175000
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10589000
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1432000
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21905000
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169450000
CY2013 pfis Business Acquisition Stock Conversion Ratio
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1.3636 pure
CY2013 pfis Income Tax Benefit Recognition Threshold
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31102000
CY2013 pfis Interest And Fee Income Loans Tax Exempt
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1674000
CY2013 pfis Number Of Investment Securities Owned
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153 Security
CY2013 pfis Fair Value Of Consideration Exchanged
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106519000
CY2013 pfis Available For Sale Securities Income Tax Benefit On Realized Gains Losses
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55000
CY2013 pfis Credit Valuation Adjustments On Default Loans
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7787000
CY2013 pfis Defined Benefit Plan Fixed Benefits Payable Upon Retirement Age Period
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P65Y
CY2013 pfis Amortization Of Purchase Accounting Adjustments On Tangible Assets
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70000
CY2013 pfis Noncash Or Part Noncash Acquisition Restricted Equity Securities Assumed
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997000
CY2013 pfis Noncash Or Part Non Cash Acquisition Loans Net
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504002000
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CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Amortization
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39000
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretibleYieldPayments
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Additions
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6892000
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Amortization
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceAmortization
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Charge Off
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceChargeOff
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferencePayments
CY2013 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Beginning Balance
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4524000
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19377000
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317000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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1223000
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11459000
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132000
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1481000
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52917000
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0
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504000
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13647000
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37591000
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175000
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7525000
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905000
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2711000
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2660000
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63000
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11441000
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2897000
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1242000
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5504000
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1390000
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21000
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38000
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6000
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13364000
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5821000
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7730000
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221000
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2331000
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924000
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4640000
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3495000
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471000
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5068000
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19661000
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105000
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123000
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0
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924000
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0
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267000
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267000
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2705000
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
47500000
CY2012 us-gaap Occupancy Net
OccupancyNet
2946000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
103000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14121000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
317000
CY2012 us-gaap Dividends
Dividends
5504000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
287000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-294000
CY2012 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
924000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3058000
CY2012 pfis Number Of Loans Default
NumberOfLoansDefault
29 Loans
CY2012 pfis Short Term Debt Weighted Average Interest Rate During Year
ShortTermDebtWeightedAverageInterestRateDuringYear
0.0034 pure
CY2012 pfis Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
16287000
CY2012 pfis Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
49827000
CY2012 pfis Fees Merchant Services
FeesMerchantServices
2742000
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Charge Off
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldChargeOff
CY2012 pfis Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
2.55
CY2012 pfis Loans Outstanding
LoansOutstanding
0
CY2012 pfis Unpaid Principal Balances Of Mortgage Loans Serviced For Others
UnpaidPrincipalBalancesOfMortgageLoansServicedForOthers
113340000
CY2012 pfis Interest And Fee Income Loans Taxable
InterestAndFeeIncomeLoansTaxable
30852000
CY2012 pfis Interest And Fee Income Loans Tax Exempt
InterestAndFeeIncomeLoansTaxExempt
1687000
CY2012 pfis Number Of Investment Securities Owned
NumberOfInvestmentSecuritiesOwned
5 Security
CY2012 pfis Available For Sale Securities Income Tax Benefit On Realized Gains Losses
AvailableForSaleSecuritiesIncomeTaxBenefitOnRealizedGainsLosses
108000
CY2012 pfis Credit Valuation Adjustments On Default Loans
CreditValuationAdjustmentsOnDefaultLoans
7826000
CY2012 pfis Amortization Of Purchase Accounting Adjustments On Tangible Assets
AmortizationOfPurchaseAccountingAdjustmentsOnTangibleAssets
285000
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Amortization
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretibleYieldAmortization
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretible Yield Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretibleYieldPayments
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceAdditions
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Amortization
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceAmortization
CY2013Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8890000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
2521000
CY2013Q1 us-gaap Noninterest Income
NoninterestIncome
2826000
CY2012Q3 us-gaap Interest Expense
InterestExpense
1262000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
761000
CY2012Q3 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Charge Off
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceChargeOff
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Payments
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferencePayments
211000
CY2012 pfis Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Nonaccretible Difference Beginning Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNonaccretibleDifferenceBeginningBalance
211000
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.56
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7857000
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.56
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7741000
CY2013Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7216000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2878000
CY2013Q2 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.57
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8010000
CY2012Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7539000
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
7125000
CY2013Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000
CY2013Q1 us-gaap Interest Expense
InterestExpense
1033000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
737000
CY2013Q1 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.61
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8187000
CY2012Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7995000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3549000
CY2012Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9668000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
2730000
CY2012Q1 us-gaap Noninterest Income
NoninterestIncome
2894000
CY2012Q1 us-gaap Noninterest Expense
NoninterestExpense
7340000
CY2012Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
192000
CY2012Q1 us-gaap Interest Expense
InterestExpense
1481000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
819000
CY2012Q1 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.58
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8073000
CY2012Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7959000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3320000
CY2012Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9480000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
2599000
CY2012Q2 us-gaap Noninterest Income
NoninterestIncome
2622000
CY2012Q2 us-gaap Noninterest Expense
NoninterestExpense
7261000
CY2012Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
114000
CY2012Q2 us-gaap Interest Expense
InterestExpense
1407000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
721000
CY2012Q2 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7776000
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7276000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3477000
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8737000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
2844000
CY2013Q2 us-gaap Noninterest Income
NoninterestIncome
3057000
CY2013Q2 us-gaap Noninterest Expense
NoninterestExpense
6856000
CY2013Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
500000
CY2013Q2 us-gaap Interest Expense
InterestExpense
961000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
633000
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7959000
CY2012Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7812000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3465000
CY2013Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8693000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
2486000
CY2013Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
525000
CY2013Q3 us-gaap Interest Expense
InterestExpense
952000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
392000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3313000
CY2012Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9272000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
2552000
CY2012Q3 us-gaap Noninterest Income
NoninterestIncome
3114000
CY2012Q3 us-gaap Noninterest Expense
NoninterestExpense
7340000
CY2013Q3 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4473846 shares
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.61
CY2013Q3 us-gaap Noninterest Income
NoninterestIncome
3027000
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
7365000
CY2012Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9171000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
2708000
CY2012Q4 us-gaap Noninterest Income
NoninterestIncome
2811000
CY2012Q4 us-gaap Noninterest Expense
NoninterestExpense
7158000
CY2012Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
147000
CY2012Q4 us-gaap Interest Expense
InterestExpense
1212000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
757000
CY2012Q4 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
4467261 shares
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9827000
CY2013Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8791000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3407000
CY2013Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11050000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-2130000
CY2013Q4 us-gaap Noninterest Income
NoninterestIncome
2852000
CY2013Q4 us-gaap Noninterest Expense
NoninterestExpense
15050000
CY2013Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1036000
CY2013Q4 us-gaap Interest Expense
InterestExpense
1223000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1277000
CY2013Q4 pfis Average Number Of Common Shares Outstanding
AverageNumberOfCommonSharesOutstanding
5515199 shares

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