PFBX — what changed in the latest 10-Q
A section-by-section comparison of PFBX'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 · 2026-08-14 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +31 | −18 | ~18 | 31 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | +1 | −2 | 0 | 2 |
| 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 · 2026-08-14
The Company reported net income of $897,000 for the second quarter of 2026 compared with net income of $1,242,000 for the second quarter of 2025. The Company reported net income of $2,343,000 for the first half of 2026 compared to net income of $2,552,000 for the first half of 2025. Results in the s…
Non-interest income increased $110,000 for the second quarter of 2026 as compared with 2025 results. Results for the second quarter of 2026 included higher trust income of $78,000 and a gain on sale of bank property of $41,000. Non-interest income increased $188,000 for the first two quarters of 202…
Non-interest expenses increased $36,000 for the second quarter ended June 30, 2026, as compared with 2025 results. This net increase for the second quarter of 2026 was primarily the result of an increase in maintenance and repair expense of $85,000, salary and benefit expense of $66,000 and miscella…
Total assets at June 30, 2026, increased $43,904,000 as compared with December 31, 2025. Total deposits increased $5,348,000 as governmental entities’ balances increased due to tax collections in several public fund accounts. The increase in deposits caused an increase in cash and due from banks of …
Six Months Ended June 30, 2026 as Compared with Six Months Ended June 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-05-12
The Company reported net income of $1,446,000 for the first quarter of 2026 compared with net income of $1,310,000 for the first quarter of 2025. Results in 2026 included an increase in net income attributable to higher interest income and fees on loans and a lower cost of funds compared to 2025.
Most of these loans are collateral-dependent, and the Company has rigorously evaluated the value of its collateral to determine potential losses.
Non-interest income increased $78,000 for the first quarter of 2026 as compared with 2025 results. Results for the first quarter of 2026 included the sale of miscellaneous assets of $57,000, an increase in trust income and fees of $14,000 and an increase in cash surrender value of life insurance of …
Non-interest expenses increased $17,000 for the first quarter ended March 31, 2026, as compared with 2025 results. This net increase for the first quarter of 2026 was primarily the result of an increase in ATM and debit card expense of $80,000 and miscellaneous expense of $69,000 mostly offset by lo…
Total assets at March 31, 2026, increased $61,139,000 as compared with December 31, 2025. Total deposits increased $61,760,000 as governmental entities’ balances increased due to tax collections in several public fund accounts. The increase in deposits caused an increase in cash and due from banks o…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-14
Additionally, on June 30, 2023, Stilwell Activist Investments, L.P., issued a letter to the Company and each of the directors of the Company demanding that they immediately commence litigation on behalf of the Company for an alleged breach by the Company’s Board of Directors of its fiduciary duties …
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Additionally, on June 30, 2023, Stilwell Activist Investments, L.P., issued a letter to the Company and each of the directors of the Company demanding that they immediately commence litigation on behalf of the Company for an alleged breach by the Company’s Board of Directors of its fiduciary duties …
the letter. Rather than wait for the Special Litigation Committee to conclude its inquiry, Stilwell Activist Investments, L.P., filed on September 29, 2023, a Complaint against the Company and Directors Chevis Swetman, Padrick D. Dennis, Jeffrey H. O’Keefe, Paige Reed Riley, Ronald Barnes, and Georg…
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