Profile: Peoples Financial Corp (PFBX.OQ)
21 Oct 2016
Peoples Financial Corporation, incorporated on December 18, 1984, is a bank holding company, which operates in the state of Mississippi through its subsidiary, The Peoples Bank, Biloxi, Mississippi (the Bank). The Bank offers a range of services to individuals and small to middle market businesses within its trade area. The Bank's primary lending focus is to offer business loans, commercial loans, real estate loans, construction loans, personal loans and installment loans, with an emphasis on commercial lending. Deposit services include interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and individual retirement accounts (IRA) accounts. The Bank provides depository accounts to individuals; small and middle market businesses, and state, county and local government entities in its trade area at interest rates consistent with market conditions.
The Bank's Asset Management and Trust Services Department offers personal trust, agencies and estate services, including living and testamentary trusts, executorships, guardianships and conservatorships. The Bank also offers a range of services, including safe deposit box rental, wire transfer services, night drop facilities, collection services, cash management and Internet banking. The Bank has approximately 30 automated teller machines (ATMs) at its branch locations and other off-site locations, providing bank customers access to their depository accounts.
The loan portfolio of the Bank includes real estate construction loans; real estate mortgage loans; loans to finance agricultural production; commercial and industrial loans; loans to individuals for household, family and other consumer expenditures; obligations of states and political subdivisions, and all other loans. The Bank's total loans amount to approximately $337.55 million.
The Bank's investment portfolio includes available for sale securities and held to maturity securities. The Bank's available for sale securities include the United States Treasuries, the United States Government agencies and mortgage-backed securities, states and political subdivisions, and other securities. The Bank's available for sale securities are approximately $19.31 million. The Bank's held to maturity securities are approximately $19.22 million.
Sources of Fund
The Bank's deposits include demand deposits in domestic office, negotiable order interest bearing deposits in domestic offices, savings deposits in domestic offices and time deposits in domestic offices. The total deposits of the Bank are approximately $512.7 million.
Peoples Financial Corp
152 Lameuse St,
PO Box 529
BILOXI MS 39530-4214