PFS Bancorp (OTCQB: PFSB) is a community banking holding company that operates Peru Federal Savings Bank, a federally chartered savings bank headquartered in Peru, Illinois. The company makes money primarily through net interest income, earning the spread between interest collected on loans and interest paid on deposits. Peru Federal has operated continuously in Peru, Illinois since its founding in 1887. As of December 31, 2025, total deposits were $166.5 million, with time deposits comprising the largest share at 45.1% of total deposits and core deposits totaling $92.5 million, or 55.2% of total deposits. The loan portfolio includes one- to four-family residential real estate, commercial real estate, agricultural real estate, multi-family real estate, and consumer loans, with consumer loans totaling $3.7 million, or 3.4% of total loans, as of December 31, 2025. Nonperforming assets stood at $245,000, or 0.37% of total assets, as of December 31, 2025. The company had 1,562,319 shares of common stock outstanding as of December 31, 2025, with 210 stockholders of record.

Revenue model

Net interest income from the spread between loan interest received and deposit interest paid. Loan products include residential real estate, commercial real estate, agricultural real estate, multi-family real estate, and consumer loans. Deposits are funded through non-interest-bearing demand, savings, NOW, money market, and time deposit accounts.

Products and services

Residential mortgage loans (one- to four-family), commercial real estate loans, agricultural real estate loans, multi-family real estate loans, consumer loans (primarily automobile and truck loans with fixed rates and terms up to five years), non-interest-bearing demand deposits, regular savings deposits, NOW savings deposits, money market deposits, and time deposits (certificates of deposit).

Customers and end markets

Local retail deposit customers and borrowers in the Peru, Illinois community. End markets include residential homebuyers, commercial real estate operators, agricultural property owners, multi-family property owners, and consumer auto borrowers.

Value-chain role

Community savings bank and holding company. Accepts retail deposits and originates loans directly to local borrowers. Functions as a balance-sheet lender retaining credit risk.

Geographic exposure

Peru, Illinois and surrounding local community. The bank has operated continuously in Peru, Illinois since 1887.

Source: SEC 10-K, filed 2026-03-25

Industry: Savings Institutions, Not Federally Chartered Peers: Truist Financial Corp Glen Burnie Bancorp Patriot National Bancorp Inc