Peoples Bancorp of North Carolina Inc. (PEBK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
518 WEST C STREET NEWTON, NC 28658-4007 |
| State of Incorp. | NC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 82,375 | 71,596 | 277,499 | 161,580 | 52,387 | 43,370 | |||
| Cash and cash equivalents | 82,375 | 71,596 | 277,499 | 161,580 | 52,387 | 43,370 | |||
| Deferred costs | 198 | 1,400 | 1,500 | ||||||
| Total current assets: | 82,375 | 71,596 | 277,697 | 162,980 | 53,887 | 43,370 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,731 | 5,116 | 4,612 | 3,423 | 3,622 | ✕ | |||
| Inventory, real estate | 211 | 3,637 | 9,139 | 4,417 | 680 | ||||
| Property, plant and equipment | 16,702 | 18,205 | 16,104 | 18,600 | 18,604 | 18,450 | |||
| Regulated entity, other noncurrent assets | 27 | 1,500 | 2,200 | ||||||
| Deferred costs | 909 | ||||||||
| Total noncurrent assets: | 21,460 | 25,941 | 26,553 | 31,162 | 26,643 | 19,130 | |||
| Other undisclosed assets | 1,532,075 | 1,523,390 | 1,319,943 | 1,220,713 | 1,074,352 | 1,030,751 | |||
| TOTAL ASSETS: | 1,635,910 | 1,620,927 | 1,624,193 | 1,414,855 | 1,154,882 | 1,093,251 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 86,715 | 52,873 | 41,771 | 29,672 | 27,868 | 58,095 | |||
| Deferred gas purchases | 20,600 | ||||||||
| Total current liabilities: | 86,715 | 52,873 | 62,371 | 29,672 | 27,868 | 58,095 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,082,025 | ||||||||
| Long-term debt, excluding current maturities | 1,082,025 | ||||||||
| Liabilities, other than long-term debt | 4,832 | 2,181 | 1,992 | ||||||
| Deferred compensation liability, classified | 2,181 | 1,992 | |||||||
| Lease deposit liability | 4,832 | ✕ | |||||||
| Total noncurrent liabilities: | 1,086,857 | 2,181 | 1,992 | ||||||
| Other undisclosed liabilities | 341,322 | 1,460,678 | 1,417,461 | 1,245,284 | 992,894 | 911,539 | |||
| Total liabilities: | 1,514,894 | 1,515,732 | 1,481,824 | 1,274,956 | 1,020,762 | 969,634 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 121,016 | 105,195 | 142,369 | 139,899 | 134,120 | 123,617 | |||
| Common stock | 50,625 | 52,636 | 56,871 | 59,813 | 62,096 | ||||
| Deferred compensation equity | |||||||||
| Accumulated other comprehensive income (loss) | (39,365) | (47,597) | 96 | 5,400 | 3,644 | 986 | |||
| Retained earnings | 109,756 | 100,156 | 88,968 | 77,628 | 70,663 | 60,535 | |||
| Other undisclosed equity, attributable to parent | 53,305 | ||||||||
| Total equity: | 121,016 | 105,195 | 142,369 | 139,899 | 134,120 | 123,617 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,635,910 | 1,620,927 | 1,624,193 | 1,414,855 | 1,154,882 | 1,093,251 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 60,527 | 945 | 44,682 | 43,803 | 44,893 | 39,964 | ||
| Insurance commissions and fees | 929 | 945 | 1,035 | 897 | 877 | 824 | ||
| Net investment income | 54,719 | 41,555 | 42,906 | 44,016 | 39,140 | |||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (1,566) | (4,259) | (863) | (790) | ||||
| Gross profit: | 58,961 | 945 | 44,682 | 39,544 | 44,030 | 39,174 | ||
| Operating expenses | (18,285) | (10,656) | (10,489) | (10,300) | (9,875) | (9,617) | ||
| Other operating income, net | 8,203 | 7,639 | 5,932 | 5,609 | 6,193 | |||
| Noninterest income, other operating income | 8,203 | 7,639 | 5,932 | 5,609 | 6,193 | |||
| Operating income (loss): | 48,879 | (9,711) | 41,832 | 35,176 | 39,764 | 35,750 | ||
| Nonoperating income | 432 | 51,108 | 376 | |||||
| Investment income, nonoperating | 51,108 | |||||||
| Bank owned life insurance income | 432 | 397 | ||||||
| Interest and debt expense | (17,143) | (3,323) | (3,205) | (3,836) | (3,757) | (2,146) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (17,779) | (20,074) | (17,494) | (18,804) | (17,598) | |||
| Income from continuing operations before equity method investments, income taxes: | 32,168 | 20,295 | 18,929 | 13,846 | 17,203 | 16,006 | ||
| Other undisclosed loss from continuing operations before income taxes | (12,245) | |||||||
| Income from continuing operations before income taxes: | 19,923 | 20,295 | 18,929 | 13,846 | 17,203 | 16,006 | ||
| Income tax expense | (4,377) | (4,172) | (3,796) | (2,489) | (3,136) | (2,624) | ||
| Income from continuing operations: | 15,546 | 16,123 | 15,133 | 11,357 | 14,067 | 13,382 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 15,133 | 11,357 | 14,067 | 13,382 | |
| Net income available to common stockholders, diluted: | 15,546 | 16,123 | 15,133 | 11,357 | 14,067 | 13,382 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 15,546 | 16,123 | 15,133 | 11,357 | 14,067 | 13,382 | ||
| Other comprehensive income (loss) | 8,232 | (47,693) | (5,304) | 1,756 | 2,658 | (2,607) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 23,778 | (31,570) | 9,829 | 13,113 | 16,725 | 10,775 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.