Pacific Financial Corp (PFLC) financial statements (2022 and earlier)

Company profile

Business Address 1101 S BOONE STREET
ABERDEEN, WA 98520-5244
State of Incorp. WA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,60331,03740,78117,69435,619  
Cash and cash equivalents27,60331,03740,78117,69435,619  
Disposal group, including discontinued operation10,7805,7868,1617,632   
Total current assets:38,38336,82348,94225,32635,619  
Noncurrent Assets
Property, plant and equipment16,16516,30316,46016,66016,70616,79016,398
Intangible assets, net (including goodwill)13,59813,60713,61713,62813,63913,64913,662
Goodwill12,16812,16812,16812,16812,16812,16812,168
Intangible assets, net (excluding goodwill)1,4301,4391,4491,4601,4711,4811,494
Total noncurrent assets:29,76329,91030,07730,28830,34530,43930,060
Other undisclosed assets693,950678,074670,028663,858651,476674,600685,688
TOTAL ASSETS:762,096744,807749,047719,472717,440705,039715,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   340   
Due to related parties 2,374     
Total current liabilities: 2,374 340   
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,41611,45311,491    
Other undisclosed long-term debt and lease obligation11,41611,45311,491    
Total noncurrent liabilities:11,41611,45311,491    
Other undisclosed liabilities676,543658,497664,299648,272648,845637,902647,412
Total liabilities:687,959672,324675,790648,612648,845637,902647,412
Stockholders' equity
Stockholders' equity attributable to parent74,13772,48373,25770,86068,59567,13768,336
Common stock10,38010,37110,36710,21310,18210,18210,122
Additional paid in capital43,05642,99142,94042,05841,85241,81741,449
Accumulated other comprehensive income (loss)349(135)(362)(349)(974)(1,369)(989)
Retained earnings20,35219,25620,31218,93817,53516,50717,754
Total stockholders' equity:74,13772,48373,25770,86068,59567,13768,336
TOTAL LIABILITIES AND EQUITY:762,096744,807749,047719,472717,440705,039715,748

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues8,3038,2248,4648,185   
Net investment income6,9236,8056,8946,743   
Financial services revenue1,3801,4191,5701,442   
Cost of revenue
(Financial Services Costs)
(30)(100)(100)(100)   
Gross profit:8,2738,1248,3648,085   
Operating expenses(6,496)(6,890)(5,482)(5,504)(4,523)(5,520)(4,274)
Other operating income, net
(Noninterest Income, Other Operating Income)
478503624656464495531
Operating income (loss):2,2551,7373,5063,237(4,059)(5,025)(3,743)
Nonoperating income1159913624512032127
Investment income, nonoperating  9416245(75)4
Gains (losses) on sales of other real estate(6)(28)(85)(57)(36)(3)18
Bank owned life insurance income121127127140111110105
Interest and debt expense(509)(536)(518)(541)(530)(563)(590)
Income (loss) from continuing operations before equity method investments, income taxes:1,8611,3003,1242,941(4,469)(5,556)(4,206)
Other undisclosed income (loss) from continuing operations before income taxes(479)295(1,201)(1,135)5,8026,6075,364
Income from continuing operations before income taxes:1,3821,5951,9231,8061,3331,0511,158
Income tax expense(286)(473)(549)(403)(305)(262)(249)
Net income available to common stockholders, diluted:1,0961,1221,3741,4031,028789909

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income:1,0961,1221,3741,4031,028789909
Other comprehensive income (loss)449349(42)596   
Comprehensive income:1,5451,4711,3321,9991,028789909
Other undisclosed comprehensive income (loss), net of tax, attributable to parent35(122)2929395(380)537
Comprehensive income, net of tax, attributable to parent:1,5801,3491,3612,0281,4234091,446

Statements sources

The financial statements are based on the company's filings with the 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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