PFIS — what changed in the latest 10-Q
A section-by-section comparison of PFIS'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 · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +42 | −37 | ~29 | 27 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~8 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| 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.
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 · 2026-08-07
Total assets increased $170.0 million, or 6.5 percent annualized to $5.4 billion at June 30, 2026, from $5.3 billion at December 31, 2025. The balance sheet expansion primarily reflected strong loan growth, partially offset by decreases in investment securities and cash and cash equivalents. Loans, …
million at December 31, 2025, which was primarily caused by an additional investment in a limited partnership low income housing tax credit project.
Total liabilities increased $153.6 million, or 6.5 percent annualized to $4.9 billion at June 30, 2026, from $4.8 billion at December 31, 2025, which was primarily due to increases in interest bearing deposits and borrowings. Total deposits increased $74.8 million to $4.5 billion at June 30, 2026, f…
Total stockholders’ equity increased $16.4 million from $519.8 million at year-end 2025 to $536.2 million at June 30, 2026, due largely to net income, partially offset by dividends paid to shareholders. Book value per share increased $1.55 to $53.56 at June 30, 2026, from $52.01 at December 31, 2025…
The majority of the investment portfolio is classified as available for sale, which provides greater flexibility in using the investment portfolio for liquidity purposes by allowing securities to be sold when market opportunities occur. Investment securities available for sale totaled $458.1 million…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Total assets increased $152.8 million, or 11.8 percent annualized to $5.4 billion at March 31, 2026, from $5.3 billion at December 31, 2025. The increase in the balance sheet was primarily due to increases in loans and cash and cash equivalents, partially offset by a decrease in investment securitie…
Total deposits decreased $8.7 million to $4.4 billion at March 31, 2026, from $4.4 billion at December 31, 2025. Interest-bearing deposits decreased $23.5 million to $3.5 billion at March 31, 2026, compared to $3.5 billion at December 31, 2025. Noninterest-bearing deposits increased $14.8 million to…
Total stockholders’ equity increased $5.7 million from $519.8 million at year-end 2025 to $525.5 million at March 31, 2026, due largely to net income, partially offset by dividends paid to shareholders and an increase in accumulated other comprehensive loss resulting from an increase in the unrealiz…
The majority of the investment portfolio is classified as available for sale, which provides greater flexibility in using the investment portfolio for liquidity purposes by allowing securities to be sold when market opportunities occur. Investment securities available for sale totaled $469.3 million…
Investment securities held to maturity, which consisted of 84.7 percent mortgage-backed securities issued or guaranteed by U.S. Government agencies and U.S. Government-sponsored entities and 15.3 percent tax-exempt municipal securities, totaled $70.5 million at March 31, 2026, a decrease of $1.5 mil…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-07
During the first half of 2026, the FOMC has kept the federal funds target rate unchanged following a series of reductions implemented during the latter half of 2025. During the six months ended June 30, 2026, the Company actively managed its mix of brokered deposits and borrowings to achieve lower f…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
During the first quarter of 2026, the FOMC has kept the federal funds target rate constant following a series of reductions in the latter half of 2025. During the three months ended March 31, 2026, the Company reduced its higher rate brokered CD portfolio by $40.1 million to reduce projected levels …
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