secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK)
CIK:        0001093672
Form:       8-K
Filed at:   2021-07-19T23:59:59+00:00
Accession:  0001654954-21-008040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp Q2 net earnings $0.80 diluted EPS, nearly doubling YoY; provision credit boosts results
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- Q2 2021 net earnings $4.6M ($0.80 diluted EPS) vs $2.6M ($0.44) in Q2 2020.
- Net interest income rose to $11.7M from $10.7M, helped by $1.5M PPP fee income.
- Provision for loan losses was a credit of $226k vs expense of $1.4M a year ago.
- Total loans $888.4M, down from $948.6M at Dec 2020; PPP loans fell to $37.5M from $75.8M.
- Non-performing assets improved to 0.21% of total assets from 0.27% at Dec 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495421008040/0001654954-21-008040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495421008040/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-008040

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