PEBK — what changed in the latest 10-Q
A section-by-section comparison of PEBK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −25 | ~33 | 16 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
The annualized return on average assets was 1.04% for the three months ended March 31, 2026, compared to 1.07% for the same period one year ago, and annualized return on average shareholders’ equity was 11.45% for the three months ended March 31, 2026, compared to 13.52% for the same period one year…
Non-Interest Income. Non-interest income was $6.5 million for the three months ended March 31, 2026 and 2025. A $422,000 decrease in appraisal management fee income due to a decrease in appraisal volume was partially offset by a $108,000 increase in mortgage banking income due to an increase in seco…
Non-Interest Expense. Non-interest expense was $15.4 million for the three months ended March 31, 2026, compared to $14.6 million for the three months ended March 31, 2025. The increase in non-interest expense is primarily attributable to a $458,000 increase in salaries and employee benefits expense…
Income Taxes.Income tax expense was $1.3 million for the three months ended March 31, 2026 and 2025. The effective tax rate was 22.13% for the three months ended March 31, 2026, compared to 22.85% for the three months ended March 31, 2025. The decrease in the effective tax rate is primarily due to t…
Investment Securities.Available for sale securities were $370.1 million as of March 31, 2026, compared to $377.4 million as of December 31, 2025. Average investment securities for the three months ended March 31, 2026 were $413.4 million, compared to $421.6 million for the year ended December 31, 20…
Text removed vs the prior filing · source: 10-Q · 2025-11-04
Net earnings were $13.2 million or $2.49 per share and $2.41 per diluted share for the nine months ended September 30, 2025, as compared to $12.8 million or $2.41 per share and $2.33 per diluted share for the prior year period. The increase in year to date net earnings is primarily attributable to i…
The annualized return on average assets was 1.05% for the nine months ended September 30, 2025, compared to 1.04% for the same period one year ago, and annualized return on average shareholders’ equity was 12.52% for the nine months ended September 30, 2025, compared to 13.59% for the same period on…
Year to date net interest income was $43.7 million for the nine months ended September 30, 2025, compared to $40.3 million for the nine months ended September 30, 2024. The increase in net interest income is due to a $1.7 million increase in interest income and a $1.6 million decrease in interest ex…
Interest income was $62.1 million for the nine months ended September 30, 2025, compared to $60.3 million for the nine months ended September 30, 2024. The increase in net interest income is due to a $1.7 million increase in interest income and a $1.6 million decrease in interest expense. The increa…
Interest expense was $18.4 million for the nine months ended September 30, 2025, compared to $20.1 million for the nine months ended September 30, 2024. The decrease in interest expense is primarily due to a decrease in rates paid on interest-bearing liabilities resulting from rate decreases impleme…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice