secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES FINANCIAL CORP /MS/ (PFBX)
CIK:        0000770460
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001437749-22-001701
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Financial reports 2021 net income of $8.6M, reversing prior year loss
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- Net income $8.579M ($1.77/share) vs net loss $2.751M (loss $0.56) in 2020.
- Q4 net income $2.353M ($0.49/share) vs $665K ($0.14) in Q4 2020.
- Improvement driven by $5.663M reduction in provision for loan losses; 2020 had $6.002M provision largely due to one credit.
- Nonaccrual loans reduced from $57.5M in 2011 to $701K; other real estate from $9.9M to $1.891M at Dec 31, 2021.
- Annual meeting set for April 27, 2022; lawsuit settlement of $1.125M impacted non-interest expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/770460/000143774922001701/0001437749-22-001701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/770460/000143774922001701/pfbx20220124_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-001701

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer