---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009653"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T05:11:28.951582+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial begins review of LIHTC investment accounting; may adjust prior-period financials

## Summary
- Review examines classification of a Low Income Housing Tax Credit limited partnership investment under ASC 320.
- Prompted by an indication of value from the LIHTC general partner and consultation with Novogradac & Company.
- Non-cash changes may affect GAAP results for periods ending Dec 31, 2018 or earlier; no impact on cash flows or dividends.
- Board-authorized review is supervised by the Audit Committee; final decision deferred until completion.

## SEC filing metadata
- accession: 0001437749-22-009653
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774922009653/0001437749-22-009653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774922009653/pfbx20220422_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009653
- JSON: https://secwatch.observer/filing/0001437749-22-009653.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009653.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.