Pacific Financial Corp (PFLC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1101 S BOONE STREET
ABERDEEN, WA 98520-5244
State of Incorp. WA
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)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 31,037  
Cash and cash equivalents 31,037  
Disposal group, including discontinued operation 5,786  
Total current assets: 36,823  
Noncurrent Assets
Property, plant and equipment 16,30316,79014,593
Intangible assets, net (including goodwill) 13,60713,64912,550
Goodwill 12,16812,16811,282
Intangible assets, net (excluding goodwill) 1,4391,4811,268
Total noncurrent assets: 29,91030,43927,143
Other undisclosed assets 678,074674,600616,451
TOTAL ASSETS: 744,807705,039643,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   3,000
Due to related parties 2,374  
Total current liabilities: 2,374 3,000
Noncurrent Liabilities
Long-term debt and lease obligation, including: 11,453  
Other undisclosed long-term debt and lease obligation 11,453  
Total noncurrent liabilities: 11,453  
Other undisclosed liabilities 658,497637,902573,873
Total liabilities: 672,324637,902576,873
Equity
Equity, attributable to parent 72,48367,13766,721
Common stock 10,37110,18210,122
Additional paid in capital 42,99141,81741,366
Accumulated other comprehensive income (loss) (135)(1,369)421
Retained earnings 19,25616,50714,812
Total equity: 72,48367,13766,721
TOTAL LIABILITIES AND EQUITY: 744,807705,039643,594

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

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 32,501  
Net investment income 26,937  
Financial services revenue 5,564  
Cost of revenue
(Financial Services Costs)
 (300)  
Gross profit: 32,201  
Operating expenses (25,055)(20,867)(19,456)
Other operating income, net
(Noninterest Income, Other Operating Income)
 2,2462,1931,836
Operating income (loss): 9,392(18,224)(17,620)
Nonoperating income 661455841
Investment income, nonoperating 363(37) 
Gains (losses) on sales of other real estate (207)40331
Bank owned life insurance income 505452510
Interest and debt expense (2,125)(2,490)(3,484)
Income (loss) from continuing operations before equity method investments, income taxes: 7,928(20,259)(20,263)
Other undisclosed income (loss) from continuing operations before income taxes (1,271)24,96226,348
Income from continuing operations before income taxes: 6,6574,7036,085
Income tax expense (1,730)(972)(1,300)
Income from continuing operations: 4,9273,7314,785
Income before gain (loss) on sale of properties: 4,9273,7314,785
Net income available to common stockholders, diluted: 4,9273,7314,785

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income: 4,9273,7314,785
Other comprehensive income 1,269  
Comprehensive income: 6,1963,7314,785
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (35)(1,790)666
Comprehensive income, net of tax, attributable to parent: 6,1611,9415,451

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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