$PFIS
Peoples Financial Services Corp

2023 Q2 Form 10-Q Financial Statement

#000155837023009139 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $36.74M $34.28M
YoY Change 41.88% 39.51%
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 $726.0K $732.0K $1.111M
YoY Change 69.63% -3.56% 19.46%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $14.64M $11.23M
YoY Change 570.02% 479.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.24M $8.968M $10.83M
YoY Change 0.81% -21.77% -47.36%
Income Tax $1.810M $1.389M $1.689M
% Of Pretax Income 16.11% 15.49% 15.6%
Net Earnings $9.425M $7.579M $9.139M
YoY Change 0.77% -21.3% -44.31%
Net Earnings / Revenue 25.66% 22.11%
Basic Earnings Per Share $1.32 $1.06
Diluted Earnings Per Share $1.31 $1.05 $1.269M
COMMON SHARES
Basic Shares Outstanding 7.151M 7.161M 7.160M
Diluted Shares Outstanding 7.178M 7.199M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $620.8M $648.5M $606.9M
YoY Change -5.39% -16.1% -30.13%
Cash & Equivalents $136.7M $140.6M $37.87M
Short-Term Investments $484.1M $507.9M $569.0M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $57.71M $56.56M $55.67M
YoY Change 8.7% 8.82% 8.09%
Goodwill $63.37M $63.37M $63.37M
YoY Change 0.0% 0.0% 0.0%
Intangibles $48.00K $77.00K $105.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.26M $11.35M $18.74M
YoY Change 100.42% 41.59% 193.03%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.682B $3.678B $3.554B
YoY Change 7.61% 9.71% 5.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.701M $2.304M $903.0K
YoY Change 270.45% 172.99% 125.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $19.53M $17.28M $114.9M
YoY Change -84.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.701M $2.304M $903.0K
YoY Change 270.45% 172.99% 125.75%
LONG-TERM LIABILITIES
Long-Term Debt $33.00M $33.00M $33.00M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $38.28M $36.29M $42.18M
YoY Change 15.03% 15.38% 41.54%
Total Long-Term Liabilities $71.28M $69.29M $75.18M
YoY Change 7.55% 7.5% 19.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.701M $2.304M $903.0K
Total Long-Term Liabilities $71.28M $69.29M $75.18M
Total Liabilities $3.350B $3.350B $3.238B
YoY Change 7.73% 10.47% 6.89%
SHAREHOLDERS EQUITY
Retained Earnings $244.0M $237.5M $230.5M
YoY Change 12.38% 12.79% 13.14%
Common Stock $139.6M $140.6M $141.2M
YoY Change -1.2% -0.7% -0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $331.8M $328.6M $315.4M
YoY Change
Total Liabilities & Shareholders Equity $3.682B $3.678B $3.554B
YoY Change 7.61% 9.71% 5.46%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $9.425M $7.579M $9.139M
YoY Change 0.77% -21.3% -44.31%
Depreciation, Depletion And Amortization $726.0K $732.0K $1.111M
YoY Change 69.63% -3.56% 19.46%
Cash From Operating Activities $13.01M $4.549M $12.13M
YoY Change 35.52% -50.21% -19.44%
INVESTING ACTIVITIES
Capital Expenditures $1.970M $2.506M $2.445M
YoY Change -223.43% 95.17% -300.41%
Acquisitions
YoY Change
Other Investing Activities -$6.701M -$11.73M -$103.9M
YoY Change -96.14% -91.86% -51.32%
Cash From Investing Activities -$8.671M -$14.24M -$106.3M
YoY Change -95.05% -90.21% -50.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $555.0K
YoY Change 4.91%
Cash From Financing Activities -8.237M 112.4M 19.05M
YoY Change -111.45% -5265.53% -83.97%
NET CHANGE
Cash From Operating Activities 13.01M 4.549M 12.13M
Cash From Investing Activities -8.671M -14.24M -106.3M
Cash From Financing Activities -8.237M 112.4M 19.05M
Net Change In Cash -3.895M 102.7M -75.14M
YoY Change -95.85% -174.2% -6.83%
FREE CASH FLOW
Cash From Operating Activities $13.01M $4.549M $12.13M
Capital Expenditures $1.970M $2.506M $2.445M
Free Cash Flow $11.04M $2.043M $9.687M
YoY Change -1.38% -73.98% -40.5%

Facts In Submission

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CY2022Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
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CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
176975000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
66629000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
66319000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
325125000
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
93000000
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
418125000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
8877000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
8355000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
2351000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
2207000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
11228000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
10562000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
78477000
CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
66511000
CY2023Q1 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
89705000
CY2023Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
77073000
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
79000
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
300000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
28407000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
25444000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
13
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7365000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
177000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
265
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
480662000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
67964000
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
278
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
488027000
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
68141000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
98000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
159303000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
9341000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
204000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
385821000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
71619000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
302000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
545124000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
80960000
CY2023Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
0
CY2023Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
0
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0
CY2023Q1 pfis Deferred Loan Costs Net
DeferredLoanCostsNet
100000
CY2022Q4 pfis Deferred Loan Costs Net
DeferredLoanCostsNet
300000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2818043000
CY2022Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2730116000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
27472000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
75000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
66000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1244000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
25444000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
28383000
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
355000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
14000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
25430000
CY2023Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2818043000
CY2023Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1666000
CY2023Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2816363000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
27472000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
40000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
27432000
CY2022Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2730116000
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3921000
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2726195000
CY2023Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1798000
CY2023Q1 pfis Financing Receivable Recorded Investment Nonaccrual Status With Related Allowances
FinancingReceivableRecordedInvestmentNonaccrualStatusWithRelatedAllowances
14000
CY2023Q1 pfis Financing Receivable Recorded Investment Nonaccrual Status With No Related Allowances
FinancingReceivableRecordedInvestmentNonaccrualStatusWithNoRelatedAllowances
1784000
CY2023Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
379000
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2035000
CY2022Q4 pfis Financing Receivable Recorded Investment Nonaccrual Status With Related Allowances
FinancingReceivableRecordedInvestmentNonaccrualStatusWithRelatedAllowances
19000
CY2022Q4 pfis Financing Receivable Recorded Investment Nonaccrual Status With No Related Allowances
FinancingReceivableRecordedInvestmentNonaccrualStatusWithNoRelatedAllowances
2016000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3967000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
5244000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
3757000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
18000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
734000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
747000
CY2022Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
115000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
846000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
7000
CY2022Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
4701000
CY2022Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
5991000
CY2022Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
115000
CY2022Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
4603000
CY2022Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
25000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
93492000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
721516000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
714562000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
233654000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
228244000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
605139000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
221436000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2818043000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
1000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
35000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
17000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
10000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
8000
CY2023Q1 pfis Financing Receivable Excluding Accrued Interest Originated More Than Six Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanSixYearsBeforeCurrentFiscalYearWriteoff
4000
CY2023Q1 pfis Financing Receivables Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivablesExcludingAccruedInterestAllowanceForCreditLossWriteoff
75000
CY2022Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2730116000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2818043000
CY2023Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
59000
CY2022Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2730116000
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
748000
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
179000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
185000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
264000
CY2023Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2023Q1 pfis Financing Receivable Default Number Of Contracts
FinancingReceivableDefaultNumberOfContracts
0
CY2023Q1 pfis Increase Decrease In Debt Securities Available For Sale Noncurrent
IncreaseDecreaseInDebtSecuritiesAvailableForSaleNoncurrent
4700000
CY2023Q1 us-gaap Other Real Estate
OtherRealEstate
121000
CY2022Q4 us-gaap Other Real Estate
OtherRealEstate
121000
CY2023Q1 pfis Real Estate Investments Residential Housing Program
RealEstateInvestmentsResidentialHousingProgram
5325000
CY2022Q4 pfis Real Estate Investments Residential Housing Program
RealEstateInvestmentsResidentialHousingProgram
5446000
CY2023Q1 pfis Mortgage Servicing Rights
MortgageServicingRights
906000
CY2022Q4 pfis Mortgage Servicing Rights
MortgageServicingRights
914000
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
4887000
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
9630000
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11354000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8165000
CY2023Q1 us-gaap Other Assets
OtherAssets
41079000
CY2022Q4 us-gaap Other Assets
OtherAssets
46071000
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2023Q1 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
-16000
CY2022Q1 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
-16000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
18964000
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
18964000
CY2023Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
17280000
CY2023Q1 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
1684000
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
20365000
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
20365000
CY2023Q1 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
20365000
CY2023Q1 pfis Derivative Collateral Paid Not Offset
DerivativeCollateralPaidNotOffset
1710000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
22196000
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
22196000
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
14530000
CY2022Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
7666000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
21466000
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
21466000
CY2022Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
21466000
CY2023Q1 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
775511000
CY2022Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
685323000
CY2023Q1 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
698888000
CY2022Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
772712000
CY2023Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
500709000
CY2022Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
523931000
CY2023Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
400327000
CY2022Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
199136000
CY2023Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
114443000
CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
92731000
CY2023Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
2489878000
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
2273833000
CY2023Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
746089000
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
772765000
CY2023Q1 us-gaap Deposits
Deposits
3235967000
CY2022Q4 us-gaap Deposits
Deposits
3046598000
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
17300000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
114900000
CY2023Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
17300000
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
17280000
CY2023Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
91530000
CY2023Q1 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
175280000
CY2023Q1 pfis Short Term Debt Weighted Average Interest Rate During Year
ShortTermDebtWeightedAverageInterestRateDuringYear
0.0481
CY2023Q1 pfis Short Term Debt Weighted Average Interest Rate At Year End
ShortTermDebtWeightedAverageInterestRateAtYearEnd
0.0483
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
114930000
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
42680000
CY2022 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
142075000
CY2022 pfis Short Term Debt Weighted Average Interest Rate During Year
ShortTermDebtWeightedAverageInterestRateDuringYear
0.0258
CY2022Q4 pfis Short Term Debt Weighted Average Interest Rate At Year End
ShortTermDebtWeightedAverageInterestRateAtYearEnd
0.0443
CY2023Q1 pfis Long Term Federal Home Loan Bank Advances And Federal Reserve Bank
LongTermFederalHomeLoanBankAdvancesAndFederalReserveBank
25000000
CY2022Q4 pfis Long Term Federal Home Loan Bank Advances And Federal Reserve Bank
LongTermFederalHomeLoanBankAdvancesAndFederalReserveBank
555000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15000000
CY2023Q1 pfis Long Term Federal Home Loan Bank Advances And Federal Reserve Bank
LongTermFederalHomeLoanBankAdvancesAndFederalReserveBank
25000000
CY2023Q1 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
25000000.0

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pfis-20230331_pre.xml Edgar Link unprocessable
pfis-20230331_cal.xml Edgar Link unprocessable
0001558370-23-009139-index-headers.html Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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pfis-20230331.xsd Edgar Link pending
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