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:   2022-01-24T23:59:59+00:00
Accession:  0001654954-22-000723
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp reports record FY2021 net earnings of $15.1M; Q4 EPS $0.55 vs $0.33
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- Net earnings $15.1M ($2.71 diluted per share) vs $11.4M ($1.95) in 2020; Q4 $3.0M ($0.53 diluted) vs $1.9M ($0.33).
- Net interest income $44.0M vs $44.1M; provision recovery of $1.2M vs provision $4.3M in 2020.
- Non-interest income $24.9M vs $22.9M; non-interest expense $51.1M vs $48.9M.
- Total loans $884.9M at Dec 31, 2021 vs $948.6M; decrease due to PPP loan forgiveness and commercial loan payoffs.
- Core deposits $1.4B (98.14% of total deposits) vs $1.2B; non-performing assets 0.20% vs 0.27%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422000723/0001654954-22-000723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422000723/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-000723

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