Peoples Bancorp (MM) (NASDAQ:PFDC)
Historical Stock Chart
From Jun 2019 to Jun 2024
Peoples Bancorp (NASDAQ:PFDC), the holding company for
Peoples Federal Savings Bank and First Savings Bank, reported
quarterly earnings of $1,167,772 or 35 cents per share for the quarter
ending June 30, 2005 compared to $1,135,804 or 33 cents per share for
the same period a year earlier. Return on average assets (ROAA) for
the quarter was .94% and, return on average equity (ROAE) was 7.17%
according to Maurice F. Winkler III, Chief Executive Officer.
For the nine-month period ended June 30, 2005, net income was
$3,295,115 or 97 cents per share compared to $3,521,076 or $1.04 per
share last year.
During the nine months, total assets increased slightly from
$491,445,300 to $493,666,952. Asset quality remained high with loan
delinquencies at .65% of total loans at the end of June, a figure that
is well below the industry norm. Although the Banks have consistently
reported high asset quality, they maintain allowances for loan losses,
which at March 31, 2005 was .55% of total loans or 84% of
nonperforming loans.
At the end of June, shareholders equity stood at $65.7 million or
13.3% of total assets. The book value of the Peoples Bancorp's stock
stood at $19.64, and the closing price of Peoples Bancorp stock was
$19.75 as of August 1, 2005.
Peoples Bancorp stock is traded on the NASDAQ National Market
System as PFDC. Peoples Bancorp's subsidiaries are Peoples Federal
Savings Bank and First Savings Bank. Peoples Federal Savings Bank has
offices in Auburn, Columbia City (2), LaGrange, Kendallville, Garrett,
Avilla, Topeka, and Waterloo, Indiana. First Savings Bank has offices
in Three Rivers (2), Union, and Schoolcraft, Michigan, and in Howe and
Middlebury, Indiana.
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SELECTED CONSOLIDATED FINANCIAL DATA OF PEOPLES BANCORP
June 30, September 30, June 30,
2005 2004 2004
------------- ------------- -------------
Balance Sheet Data:
Total assets $493,666,952 $491,445,300 $493,495,649
Loans receivable, net 357,648,286 360,161,158 361,839,803
Investments and other
interest earning assets 111,867,393 109,254,698 107,807,063
Deposits 367,639,207 370,824,854 372,333,459
Stockholders' equity 65,680,828 64,991,560 63,434,060
Non-performing loans and
REO 2,330,000 2,381,000 2,887,000
Equity to assets ratio 13.30% 13.22% 12.85%
Book value per share $19.64 $19.30 $18.82
Three Months Ended Nine Months Ended
June 30, June 30,
----------------------- -------------------------
Operating Data: 2005 2004 2005 2004
----------- ----------- ------------ ------------
Interest income $6,761,392 $6,592,868 $20,144,386 $20,150,992
Interest expense 2,632,747 2,542,286 7,699,058 7,783,207
----------- ----------- ------------ ------------
Net interest income 4,128,645 4,050,582 12,445,328 12,367,785
Provision for
losses on loans 15,157 21,121 47,610 104,118
----------- ----------- ------------ ------------
Net interest income
after provision
for losses on
loans 4,113,488 4,029,461 12,397,718 12,263,667
Other income 524,544 558,481 1,510,757 1,626,270
Other expenses 2,847,735 2,865,453 8,855,897 8,508,576
----------- ----------- ------------ ------------
Income before
income taxes 1,790,297 1,722,489 5,052,578 5,381,361
Income tax expense 622,525 586,685 1,757,463 1,860,285
----------- ----------- ------------ ------------
Net income $1,167,772 $1,135,804 $3,295,115 $3,521,076
=========== =========== ============ ============
Basic income per
common share $0.35 $0.34 $0.98 $1.04
Diluted income per
common share $0.35 $0.33 $0.97 $1.03
Dividends per
common share $0.18 $0.17 $0.54 $0.51
Other Data:
Average yield
on all interest-
earning assets 5.73% 5.60% 5.71% 5.67%
Average cost of all
interest-bearing
liabilities 2.46% 2.36% 2.41% 2.39%
----------- ----------- ------------ ------------
Interest rate
spread 3.27% 3.24% 3.30% 3.28%
Return on assets
(net income
divided by average
total assets) 0.94% 0.91% 0.89% 0.94%
Return on equity
(net income
divided by average
total equity) 7.17% 7.06% 10.10% 11.01%
Dividend payout ratio
(dividends per common
share divided by
net income per
common share) 51.43% 50.00% 55.10% 49.04%
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