PEOPLES FINANCIAL CORP /MS/ Files SEC form 10-Q, Quarterly Report

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations GENERAL The Company is a one-bank holding company headquartered in Biloxi, Mississippi. It has two operating subsidiaries, PFC Service Corp. and The Peoples Bank, Biloxi, Mississippi (the "Bank"). The Bank, which provides a full range of banking, financial and trust services to state, county and local government entities and individuals and commercial businesses in Harrison, Hancock, Stone and Jackson counties in Mississippi. The following presents Management's discussion and analysis of the consolidated financial condition and results of operations of Peoples Financial Corporation and Subsidiaries. These comments should be considered in combination with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in this report on Form 10-Q and the Consolidated Financial Statements, Notes to Consolidated Financial Statements and Management's Discussion and Analysis included in the Company's Form 10-K for the year ended December 31, 2008. Forward-Looking Information Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about a company's anticipated future financial performance. This act provides a safe harbor for such disclosure which protects the companies from unwarranted litigation if actual results are different from management expectations. This report contains forward-looking statements and reflects industry conditions, company performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements. Such factors and uncertainties include, but are not limited to: changes in interest rates and market prices, changes in local economic and bus...
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PEOPLES FINANCIAL CORP /MS/ Files SEC form 10-Q, Quarterly Report

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations GENERAL The Company is a one-bank holding company headquartered in Biloxi, Mississippi. It has two operating subsidiaries, PFC Service Corp. and The Peoples Bank, Biloxi, Mississippi (the "Bank"). The Bank provides a full range of banking, financial and trust services to state, county and local government entities and individuals and small and commercial businesses in Harrison, Hancock, Stone and Jackson counties in Mississippi. The following presents Management's discussion and analysis of the consolidated financial condition and results of operations of Peoples Financial Corporation and Subsidiaries. These comments should be considered in combination with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in this report on Form 10-Q and the Consolidated Financial Statements, Notes to Consolidated Financial Statements and Management's Discussion and Analysis included in the Company's Form 10-K for the year ended December 31, 2008. Forward-Looking Information Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about a company's anticipated future financial performance. This act provides a safe harbor for such disclosure which protects the companies from unwarranted litigation if actual results are different from management expectations. This report contains forward-looking statements and reflects industry conditions, company performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements. Such factors and uncertainties include, but are not limited to: changes in interest rates and market prices, changes in local economic and ...
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PEOPLES FINANCIAL CORP /MS/ Files SEC form 8-K, Results of Operations and Financial Condition

Show all filings for PEOPLES FINANCIAL CORP /MS/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PEOPLES FINANCIAL CORP /MS/ 22-Jul-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for infor...
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PEOPLES FINANCIAL CORP /MS/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Show all filings for PEOPLES FINANCIAL CORP /MS/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PEOPLES FINANCIAL CORP /MS/ 24-Jun-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" f...
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Eastern Banks Retaining Greater Value Than Other Regions: Industry Expert Picks Out The Winners

67 WALL STREET, New York - October 14, 2009 - The Wall Street Transcript has just published its Northeast & Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK);...
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Peoples Financial Corporation Earns $974,000 in Third Quarter 2009

BILOXI, Miss., Oct. 20 /PRNewswire-FirstCall/ -- Peoples Financial Corporation (Nasdaq: PFBX - News), parent of The Peoples Bank, earned $974,000 in the third quarter of 2009, reversing a loss recorded in the same period last year due to non-cash charges related to an investment in preferred shares of Federal Home Loan Mortgage Company, commonly known as Freddie Mac, announced Chevis C. Swetman, Chairman and Chief Executive Officer of the holding company and the bank. Net income for the third quarter of 2009 was reduced by an additional $1,875,000 provision for loan losses."Although our loan loss reserve process is largely in our control, the financial disruptions since early 2008 have ushered in a dramatic change of regulatory oversight and control. If regulators were perceived as too indulgent in the past, the pendulum has swung a long way in the opposite direction," said Swetman."As a result of the shared national credit exam by the banking regulators, our bank had to place one large performing gaming credit on non-accrual as of September 30. This resulted in a reduction of income of $60,000 in the third quarter. The customer in question has been banking with us since 1990, and in fact voluntarily paid down $3,800,000 of the credit on October 15, 2009, after the close of the quarter."Although the credit facility is placed on nonaccrual currently, we anticipate that the payments will continue to be made on time as they have for the past 19 years. We believe the nonaccrual status will be lifted when the regula...
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PEOPLES FINANCIAL CORP /MS/ Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue11,266  10,761  11,191  12,408  Cost of Revenue1,072  1,397  1,557  1,839  Gross Profit -  9,364  9,634  10,570  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative6,670  7,083  6,556  3,866  Non Recurring -   -   -  2,964  Others1,875  1,502  348  523  Total Operating Expenses -   -   -   -  Operating Income or Loss -  779  2,730  3,217  Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes1,649  779  2,730  3,217  Interest Expense580  628  737  938  Income Before Tax1,069  151  1,993  2,279  Income Tax Expense95  (50)290  459  Minority Interest -   -   -   -  Net Income From Continuing Ops974  201  1,703  1,820  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   - &...
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PEOPLES FINANCIAL CORP /MS/ Files SEC form 10-Q, Quarterly Report

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations GENERAL The Company is a one-bank holding company headquartered in Biloxi, Mississippi. It has two operating subsidiaries, PFC Service Corp. and The Peoples Bank, Biloxi, Mississippi (the "Bank"). The Bank provides a full range of banking, financial and trust services to state, county and local government entities and individuals and small and commercial businesses in Harrison, Hancock, Stone and Jackson counties in Mississippi. The following presents Management's discussion and analysis of the consolidated financial condition and results of operations of Peoples Financial Corporation and Subsidiaries. These comments should be considered in combination with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in this report on Form 10-Q and the Consolidated Financial Statements, Notes to Consolidated Financial Statements and Management's Discussion and Analysis included in the Company's Form 10-K for the year ended December 31, 2008. Forward-Looking Information Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about a company's anticipated future financial performance. This act provides a safe harbor for such disclosure which protects the companies from unwarranted litigation if actual results are different from management expectations. This report contains forward-looking statements and reflects industry conditions, company performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements. Such factors and uncertainties include, but are not limited to: changes in interest rates and market prices, changes in local economic and ...
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PEOPLES FINANCIAL CORP /MS/ Files SEC form 8-K, Results of Operations and Financial Condition

Show all filings for PEOPLES FINANCIAL CORP /MS/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PEOPLES FINANCIAL CORP /MS/ 20-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for infor...
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