secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES FINANCIAL CORP /MS/ (PFBX)
CIK:        0000770460
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001437749-22-009653
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/770460/000143774922009653/0001437749-22-009653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/770460/000143774922009653/pfbx20220422_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009653

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