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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,04183,02171,596155,461223,707305,106
Cash and cash equivalents89,04183,02171,596155,461223,707305,106
Total current assets:89,04183,02171,596155,461223,707305,106
Noncurrent Assets
Operating lease, right-of-use asset5,0614,9495,1165,7705,9696,204
Inventory, real estate 1,5604172119751,288885
Property, plant and equipment16,73418,19418,20518,50816,00115,658
Regulated entity, other noncurrent assets   1,500   
Deferred costs   909   
Total noncurrent assets:23,35523,56025,94125,25323,25822,747
Other undisclosed assets1,499,1781,496,1111,523,3901,495,5761,429,9301,334,806
TOTAL ASSETS:1,611,5741,602,6921,620,9271,676,2901,676,8951,662,659
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt98,32044,56852,87343,83343,18941,098
Total current liabilities:98,32044,56852,87343,83343,18941,098
Noncurrent Liabilities
Long-term debt and lease obligation1,047,935     
Long-term debt, excluding current maturities1,047,935     
Liabilities, other than long-term debt1,9671,8372,1812,1502,0992,042
Deferred compensation liability, classified 1,9671,8372,1812,1502,0992,042
Lease deposit liability      
Total noncurrent liabilities:1,049,9021,8372,1812,1502,0992,042
Other undisclosed liabilities350,9821,441,5041,460,6781,526,3831,519,2011,494,075
Total liabilities:1,499,2041,487,9091,515,7321,572,3661,564,4891,537,215
Equity
Equity, attributable to parent, including:112,370114,783105,195103,924112,406125,444
Common stock51,80952,64252,63652,752  
Accumulated other comprehensive loss(43,743)(38,424)(47,597)(45,857)(33,087)(18,246)
Retained earnings104,304100,565100,15697,02992,74190,543
Other undisclosed equity, attributable to parent     52,75253,147
Total equity:112,370114,783105,195103,924112,406125,444
TOTAL LIABILITIES AND EQUITY:1,611,5741,602,6921,620,9271,676,2901,676,8951,662,659

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues20613,937(32,011)12,188256240
Insurance commissions and fees206228236213256240
Net investment income 13,266(32,180)11,951  
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(375)(2,524)    
Gross profit:(169)11,413(32,011)12,188256240
Operating expenses(2,587)(2,602)(3,020)(2,626)(2,556)(3,154)
Other operating income, net
(Noninterest Income, Other Operating Income)
      1,739
Operating income (loss):(2,756)8,811(35,031)9,562(2,300)(1,175)
Nonoperating income
(Investment Income, Nonoperating)
 13,77114,33815,30113,79311,34810,666
Interest and debt expense(3,828)(2,463)(1,198)(818)(644)(663)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   26,177(15,814)(4,381)(4,528)
Income from continuing operations before equity method investments, income taxes:7,18720,6865,2496,7234,0234,300
Other undisclosed income (loss) from continuing operations before income taxes(1,007)(16,663)15,935  (4,229)
Income from continuing operations before income taxes:6,1804,02321,1846,7234,02371
Income tax expense(1,372)(851)(1,102)(1,416)(806)(848)
Income (loss) from continuing operations:4,8083,17220,0825,3073,217(777)
Income (loss) before gain (loss) on sale of properties:5,3073,217(777)
Other undisclosed net loss  (2,995)    
Net income (loss):4,80817720,0825,3073,217(777)
Other undisclosed net income (loss) attributable to parent  2,995(15,935)  4,229
Net income available to common stockholders, diluted:4,8083,1724,1475,3073,2173,452

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):4,80817720,0825,3073,217(777)
Other comprehensive income (loss)5,3199,173(1,740)(12,770)(14,841)(18,342)
Comprehensive income (loss):10,1279,35018,342(7,463)(11,624)(19,119)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (10,638)2,995(15,935)   
Comprehensive income (loss), net of tax, attributable to parent:(511)12,3452,407(7,463)(11,624)(19,119)

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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