(loss) 5,250 2,432 8,941 8,911
Earnings (loss)
per share 1.12 .52 1.91 1.84
TRANSACTIONS IN THE ALLOWANCE FOR
LOAN LOSSES
-------------------------------------
Three Months Ended December 31, Year Ended December 31,
------------------------------------------ ------------------------------------------
2022 2021 2022 2021
-------------------- -------------------- -------------------- --------------------
Allowance for
loan losses,
beginning of
period $ 3,362 $ 3,971 $ 3,311 $ 4,426
Recoveries 25 65 187 4,838
Charge-offs (49) (66) (240) (290)
Provision for
loan losses - (659) 80 (5,663)
-------------------- -------------------- -------------------- --------------------
Allowance for
loan losses,
end of period $ 3,338 $ 3,311 $ 3,338 $ 3,311
==================== ==================== ==================== ====================
ASSET QUALITY December 31,
-------------- ------------------------------------------
2022 2021
-------------------- --------------------
Allowance for
loan losses as
a
percentage of
loans 1.40 % 1.38 %
Loans past due
90 days and
still
accruing $ $
Nonaccrual
loans 1,441 701
PERFORMANCE
RATIOS December 31,
-------------- ------------------------------------------
2022 2021
-------------------- --------------------
Return on
average
assets 1.06 % 1.15 %
Return on
average
equity 12.17 % 9.55 %
Net interest
margin 2.64 % 2.74 %
Efficiency
ratio 77 % 72 %
BALANCE SHEET
SUMMARY December 31,
-------------- ------------------------------------------
2022 2021
-------------------- --------------------
Total assets $ 861,639 $ 818,950
Gross Loans 237,878 239,162
Securities 545,385 487,011
Other real
estate $(ORE.AU)$ 259 1,891
Total deposits 785,780 704,839
Shareholders'
equity 55,194 91,729
Book value per
share 11.80 19.61
Weighted
average
shares 4,678,186 4,844,248
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SOURCE Peoples Financial Corporation
/CONTACT: Chevis C. Swetman, President and CEO, 228-435-8205, cswetman@thepeoples.com
(END) Dow Jones Newswires
January 25, 2023 17:52 ET (22:52 GMT)