Stocks to Watch ? Peoples Financial Corporation (PFBX) |

Stocks to Watch ? Peoples Financial Corporation (NASDAQ: PFBX)

Peoples Financial Corporation operates primarily in the state of Mississippi through The Peoples Bank, Biloxi, Mississippi (the Bank). It serves as the holding company for the Bank. Moreover, the Bank provides several services to individuals and small to middle market businesses within its market area.

Its lending activities are focused on offering business, commercial, real estate, construction, personal and installment loans, with an emphasis on commercial lending. Deposit services involve interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and individual retirement accounts (IRA) accounts. It also provides non-deposit funds management account that is not insured by the Federal Deposit Insurance Corporation (FDIC). It offers depository accounts to individuals and small and middle market businesses in its trade area at interest rates consistent with market conditions.

Moreover, its Asset Management and Trust Services Department provides personal trust, agencies and estate services such as living and testamentary trusts, executorships, guardianships, and conservatorships.

The Bank provides other services including safe deposit box rental, wire transfer services, night drop facilities, collection services, cash management and Internet banking. It also operates 51 automated teller machines (ATMs) at its branch locations and other off-site, non-proprietary locations, providing bank customers access to their depository accounts.

Lending Activities

The Bank?s loan portfolio consists of 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. By 2010, its total loans reached $409,899,000.

Investment Activities

Its investment activities include available for sale securities and held to maturity securities such as the United States Treasury, United States Government agency and mortgage-backed securities, states and political subdivisions, and other securities. By the same year, its available for sale securities was at $287,078,000 and its Bank?s held to maturity securities were at $1,915,000.

Sources of Fund

The Bank offers deposit services such as demand deposits in domestic office, negotiable order interest bearing deposits in domestic offices, savings deposits in domestic offices, time deposits in domestic offices. By December 31, 2010, its total deposits were approximately at $511,489,000.

Peoples Financial Corporation (NASDAQ: PFBX) 52 week: 9.00 ? 16.50?? Mkt cap: 49.52M?? Shares: 5.14M

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