{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-011954","form_type":"8-K","ticker":"PFBX","cik":"0000770460","company_name":"PEOPLES FINANCIAL CORP /MS/","filed_at":"2022-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.628688+00:00","generated_at":"2026-06-25T21:17:49.688956+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Peoples Financial Q1 net income $887K, down 79% YoY; discloses $2.11M accounting error","bullets":["Net income $887K ($0.19 EPS) vs $4.33M ($0.89 EPS) in Q1 2021; weighted shares 4.68M vs 4.88M.","Prior-year period included $4.85M reduction in allowance for loan losses (recovery of $4.51M charged-off loan) and $1.125M lawsuit settlement.","Company identified cumulative $2.11M impairment error on LIHTC investment; correction to be reflected in Q1 2022 10-Q, deemed not material to prior periods.","Shareholders' equity fell to $70.7M from $92.4M largely due to $19.3M unrealized losses on available-for-sale securities from interest rate changes.","Risk-based capital ratio remained strong at 21.21% as of March 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-011954","json":"https://secwatch.observer/filing/0001437749-22-011954.json","markdown":"https://secwatch.observer/filing/0001437749-22-011954.md","text":"https://secwatch.observer/filing/0001437749-22-011954.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/770460/000143774922011954/0001437749-22-011954-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/770460/000143774922011954/pfbx20220510_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T21:17:49.688956+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}