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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,596277,499161,58052,38743,37057,304
Cash and cash equivalents71,596277,499161,58052,38743,37057,304
Deferred costs  1981,4001,500  
Total current assets:71,596277,697162,98053,88743,37057,304
Noncurrent Assets
Operating lease, right-of-use asset5,1164,6123,4233,622
Inventory, real estate 2113,6379,1394,417680857
Property, plant and equipment18,20516,10418,60018,60418,45019,911
Regulated entity, other noncurrent assets 1,5002,200    
Deferred costs 909     
Total noncurrent assets:25,94126,55331,16226,64319,13020,768
Other undisclosed assets1,523,3901,319,9431,220,7131,074,3521,030,7511,014,094
TOTAL ASSETS:1,620,9271,624,1931,414,8551,154,8821,093,2511,092,166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt52,87341,77129,67227,86858,09537,757
Deferred gas purchases  20,600    
Total current liabilities:52,87362,37129,67227,86858,09537,757
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt2,1811,992    
Deferred compensation liability, classified 2,1811,992    
Lease deposit liability    
Total noncurrent liabilities:2,1811,992    
Other undisclosed liabilities1,460,6781,417,4611,245,284992,894911,539938,434
Total liabilities:1,515,7321,481,8241,274,9561,020,762969,634976,191
Equity
Equity, attributable to parent, including:105,195142,369139,899134,120123,617115,975
Common stock52,636 56,87159,81362,09662,096
Accumulated other comprehensive income (loss)(47,597)965,4003,6449863,593
Retained earnings100,15688,96877,62870,66360,53550,286
Other undisclosed equity, attributable to parent  53,305    
Total equity:105,195142,369139,899134,120123,617115,975
TOTAL LIABILITIES AND EQUITY:1,620,9271,624,1931,414,8551,154,8821,093,2511,092,166

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues94544,68243,80344,89339,96442,306
Insurance commissions and fees9451,035897877824
Net investment income 41,55542,90644,01639,14035,309
Financial services revenue6,997
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (4,259)(863)(790) 
Gross profit:94544,68239,54444,03039,17442,306
Operating expenses(10,656)(10,489)(10,300)(9,875)(9,617)(29,190)
Other operating income, net
(Noninterest Income, Other Operating Income)
  7,6395,9325,6096,1936,080
Operating income (loss):(9,711)41,83235,17639,76435,75019,196
Nonoperating income51,108376    
Investment income, nonoperating51,108     
Bank owned life insurance income  397    
Interest and debt expense(3,323)(3,205)(3,836)(3,757)(2,146)(2,377)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(17,779)(20,074)(17,494)(18,804)(17,598)(2,604)
Income from continuing operations before equity method investments, income taxes:20,29518,92913,84617,20316,00614,215
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:20,29518,92913,84617,20316,00614,215
Income tax expense(4,172)(3,796)(2,489)(3,136)(2,624)(3,947)
Income from continuing operations:16,12315,13311,35714,06713,38210,268
Income before gain (loss) on sale of properties:15,13311,35714,06713,38210,268
Other undisclosed net loss      
Net income:16,12315,13311,35714,06713,38210,268
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:16,12315,13311,35714,06713,38210,268

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:16,12315,13311,35714,06713,38210,268
Other comprehensive income (loss)(47,693)(5,304)1,7562,658(2,607)(1)
Comprehensive income (loss):(31,570)9,82913,11316,72510,77510,267
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(31,570)9,82913,11316,72510,77510,267

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.

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