Balance Sheet Pacific Financial Corporation

Stocks

PFLC

US6942751081

Banks

Delayed OTC Markets Other stock markets 09:53:59 2026-06-11 am EDT			5-day change	1st Jan Change
17.21 ^USD	+0.35%		+3.05%	+34.98%

Apr. 29	Banner Corporation entered into a definitive merger agreement to acquire Pacific Financial Corporation from a group of shareholders for approximately $180 million.	CI
Apr. 24	Pacific Financial Corporation Reports Net Charge-Offs for the Quarter Ended March 31, 2026	CI

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Published financial data: PACIFIC FINANCIAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	33.56M	30.08M	37.04M	41.19M	44.17M
Interest Income On Investments	3.6M	12.07M	18.44M	13.81M	15.26M
Interest Income, Total	37.16M	42.15M	55.48M	55M	59.44M
Interest On Deposits	1.01M	742K	5.35M	9.83M	10.82M
Total Interest On Borrowings	243K	464K	929K	951K	818K
Interest Expense, Total	1.25M	1.21M	6.28M	10.78M	11.64M
Net Interest Income	35.9M	40.95M	49.2M	44.22M	47.79M
Service Charges On Deposits	1.45M	1.62M	1.98M	1.98M	2.02M
Gain (Loss) on Sale of Loans	9.45M	1.41M	635K	1.13M	-2K
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	-	-154K	121K	-165K
Total Other Non Interest Income	5.84M	4.2M	3.72M	3.64M	3.94M
Non Interest Income, Total	16.73M	7.23M	6.17M	6.87M	5.8M
Revenues Before Provison For Loan Losses	52.63M	48.17M	55.37M	51.09M	53.59M
Provision For Loan Losses	-3.65M	-	520K	168K	542K
Total Revenues	56.28M	48.17M	54.85M	50.92M	53.05M
Salaries And Other Employee Benefits	26.99M	22.25M	22.65M	24.75M	24.13M
Federal Deposit Insurance	422K	357K	550K	502K	550K
Selling General & Admin Expenses, Total	7.88M	7.97M	8.66M	10.66M	10.38M
(Income) Loss on Real Estate Property	-	-	-	-	-
Total Other Non Interest Expense	5.41M	4.39M	5M	3.27M	3.47M
Non Interest Expense, Total	40.7M	34.97M	36.86M	39.18M	38.53M
EBT, Excl. Unusual Items	15.58M	13.2M	18M	11.74M	14.52M
EBT, Incl. Unusual Items	15.58M	13.2M	18M	11.74M	14.52M
Income Tax Expense	2.88M	2.31M	3.39M	2.21M	2.87M
Earnings From Continuing Operations	12.7M	10.89M	14.6M	9.53M	11.64M
Net Income to Company	12.7M	10.89M	14.6M	9.53M	11.64M
Net Income - (IS)	12.7M	10.89M	14.6M	9.53M	11.64M
Net Income to Common Incl Extra Items	12.7M	10.89M	14.6M	9.53M	11.64M
Net Income to Common Excl. Extra Items	12.7M	10.89M	14.6M	9.53M	11.64M
Per Share Items
Net EPS - Basic	1.22	1.05	1.4	0.93	1.16
Basic EPS - Continuing Operations	1.22	1.05	1.4	0.93	1.16
Basic Weighted Average Shares Outstanding	10.41M	10.4M	10.42M	10.3M	10.02M
Net EPS - Diluted	1.22	1.04	1.4	0.92	1.16
Diluted EPS - Continuing Operations	1.22	1.04	1.4	0.92	1.16
Diluted Weighted Average Shares Outstanding	10.44M	10.42M	10.43M	10.32M	10.04M
Normalized Basic EPS	0.94	0.79	1.08	0.71	0.91
Normalized Diluted EPS	0.93	0.79	1.08	0.71	0.9
Dividend Per Share	0.52	0.52	0.54	0.56	0.57
Payout Ratio	42.67	49.66	37.82	60.6	48.18
Supplemental Items
Effective Tax Rate - (Ratio)	18.51	17.51	18.84	18.81	19.79
Total Current Taxes	1.44M	2.25M	3.66M	2.44M	3.04M
Total Deferred Taxes	1.44M	59K	-270K	-229K	-167K
Normalized Net Income	9.74M	8.25M	11.25M	7.34M	9.07M
Non-Cash Pension Expense	135K	125K	77K	77K	58K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	126K	150K	145K	192K	129K
Total Stock-Based Compensation	126K	150K	145K	192K	129K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	386M	314M	107M	79.15M	114M
Investment Securities, Total	130M	150M	126M	110M	103M
Mortgage Backed Securities	109M	143M	170M	197M	223M
Total investments	239M	293M	297M	307M	325M
Gross Loans	630M	641M	685M	705M	776M
Allowance For Loan Losses	-8.3M	-8.24M	-8.53M	-8.85M	-9.29M
Other Adjustments to Gross Loans	-1.43M	-758K	-796K	-617K	-586K
Net Loans	620M	632M	676M	695M	766M
Gross Property Plant And Equipment	31.58M	31.72M	34.09M	36.45M	36.24M
Accumulated Depreciation	-17.12M	-17.77M	-18.51M	-19.49M	-20.11M
Net Property Plant And Equipment	14.47M	13.95M	15.58M	16.95M	16.13M
Goodwill	12.17M	12.17M	12.17M	12.17M	12.17M
Other Intangibles, Total	1.28M	1.27M	1.27M	1.27M	1.27M
Investment in FHLB	-	-	-	-	-
Loans Held For Sale	6.1M	-	1.1M	-	-
Accrued Interest Receivable	3.36M	4.04M	4.43M	4.16M	4.96M
Other Current Assets, Total	10.72M	8.91M	2.83M	3.76M	3.5M
Deferred Tax Assets Long-Term (Collected)	-	-	4.57M	5.19M	3.24M
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Other Long-Term Assets, Total	26.07M	26.78M	27.5M	28.33M	28.82M
Total Assets	1.32B	1.31B	1.15B	1.15B	1.28B
Liabilities
Accrued Expenses, Total	8.06M	8M	8.79M	7.39M	8.84M
Interest Bearing Deposits	674M	663M	564M	586M	642M
Institutional Deposits	12.8M	9.8M	36.5M	52.4M	74.8M
Non-Interest Bearing Deposits	492M	508M	409M	376M	406M
Total Deposits	1.18B	1.18B	1.01B	1.01B	1.12B
Current Portion of Long-Term Debt	150K	-	-	-	-
Current Portion of Leases	479K	561K	683K	901K	843K
Federal Home Loan Bank Debt - Long-Term	253K	-	-	-	-
Long-Term Leases	1M	588K	1.88M	3.14M	2.58M
Trust Preferred Securities (BS)	13.4M	13.4M	13.4M	13.4M	13.4M
Accrued Interest Payable	38K	126K	155K	142K	126K
Total Liabilities	1.2B	1.2B	1.03B	1.04B	1.15B
Common Stock, Total	10.39M	10.41M	10.39M	10.11M	10.02M
Additional Paid In Capital	41.88M	42.06M	41.79M	38.82M	37.82M
Retained Earnings	64.36M	69.84M	78.47M	82.23M	88.26M
Comprehensive Income and Other	1.01M	-19.16M	-15.96M	-17.3M	-9.72M
Total Common Equity	118M	103M	115M	114M	126M
Total Equity	118M	103M	115M	114M	126M
Total Liabilities And Equity	1.32B	1.31B	1.15B	1.15B	1.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.39M	10.41M	10.39M	10.11M	10.02M
ECS Total Common Shares Outstanding	10.39M	10.41M	10.39M	10.11M	10.02M
Book Value / Share	11.32	9.91	11.04	11.26	12.61
Tangible Book Value	104M	89.73M	101M	100M	113M
Tangible Book Value Per Share	10.03	8.62	9.75	9.93	11.27
Tangible Book Value Per Share (As Reported)	10.03	8.62	9.75	9.93	11.27
Total Debt	15.29M	14.55M	15.97M	17.44M	16.82M
Deposits at Interest - Cash	317M	296M	90.1M	61.02M	99.04M
Federal Funds Sold	50.88M	-	-	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.02M	2.43M	2.39M	2.24M	2.23M
Net Debt	-374M	-304M	-92.1M	-62.71M	-97.98M
Number Of Offices	16	16	17	18	18

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12.7M	10.89M	14.6M	9.53M	11.64M
Depreciation, Depletion & Amortization	3.04M	3.35M	1.34M	1.08M	2K
Amortization of Goodwill and Intangible Assets - (CF)	11K	8K	-	-	-
Total Depreciation, Depletion & Amortization	3.06M	3.36M	1.34M	1.08M	2K
Gain (Loss) on Sale of Loans & Receivables - (CF)	-9.45M	-1.41M	-635K	-1.13M	2K
(Gain) Loss On Sale of Asset - (CF)	-12K	13K	11K	-	-11K
(Gain) Loss on Sale of Investments - (CF)	-	-	154K	-121K	165K
Total Asset Writedown	-	-	-	-	-
Provision for Credit Losses	-3.65M	-	520K	168K	542K
Stock-Based Compensation (CF)	-	-	-	-	129K
Net (Increase) Decrease in Loans Originated / Sold - Operating	44.89M	6.66M	-468K	2.24M	-2K
Changes in Accrued Interest Receivable	1.32M	-687K	-390K	278K	-806K
Changes in Accrued Interest Payable	-30K	73K	385K	229K	-68K
Change in Other Net Operating Assets (Collected)	-332K	-184K	173K	-503K	-48K
Other Operating Activities	-9.84M	6.66M	127K	-2.8M	781K
Cash from Operations	38.65M	25.37M	15.82M	8.97M	12.33M
Capital Expenditure	-597K	-1.17M	-1.35M	-1.47M	-1.06M
Sale of Property, Plant, and Equipment	24K	-	5K	-	12K
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-115M	-81.8M	143K	-11.83M	-7.23M
Net (Increase) Decrease in Loans Originated / Sold - Investing	96.45M	-10.15M	-44.97M	-19.52M	-71.06M
Other Investing Activities, Total	-3.35M	-22K	-36K	-36K	284K
Cash from Investing	-22.15M	-93.14M	-46.21M	-32.86M	-79.05M
Long-Term Debt Repaid, Total	-150K	-403K	-	-	-
Total Debt Repaid	-150K	-403K	-	-	-
Issuance of Common Stock	64K	52K	6K	3K	4K
Repurchase of Common Stock	-770K	-24K	-437K	-3.44M	-1.22M
Common Dividends Paid	-5.42M	-5.41M	-5.52M	-5.78M	-5.61M
Common & Preferred Stock Dividends Paid	-5.42M	-5.41M	-5.52M	-5.78M	-5.61M
Net Increase (Decrease) in Deposit Accounts - (CF)	151M	1.42M	-171M	5.44M	108M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	144M	-4.36M	-177M	-3.78M	101M
Net Change in Cash	161M	-72.13M	-207M	-27.67M	34.66M
Supplemental Items
Cash Interest Paid	1.28M	1.13M	5.9M	10.55M	11.71M
Cash Income Tax Paid (Refund)	2.28M	115K	4.25M	1.53M	2.28M
Net Debt Issued / Repaid	-150K	-403K	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.02	0.83	1.19	0.83	0.96
Return On Equity %	10.95	9.86	13.41	8.34	9.69
Return on Common Equity	10.95	9.86	13.41	8.34	9.69
Shareholders Value Added	-1.2M	-2.35M	1.53M	-4.18M	-2.77M
Margin Analysis
SG&A Margin	61.95	62.74	57.08	69.53	65.06
Net Interest Income / Total Revenues %	63.79	85	89.7	86.84	90.1
EBT Excl. Non-Recurring Items Margin %	27.68	27.4	32.81	23.05	27.37
Income From Continuing Operations Margin %	22.56	22.6	26.63	18.72	21.95
Net Income Margin %	22.56	22.6	26.63	18.72	21.95
Net Avail. For Common Margin %	22.56	22.6	26.63	18.72	21.95
Normalized Net Income Margin	17.3	17.12	20.51	14.41	17.11
Asset quality
Nonperforming Loans / Total Loans %	0.19	0.14	0.1	0.16	0.02
Nonperforming Loans / Total Assets %	0.09	0.07	0.06	0.09	0.01
Nonperforming Assets / Total Assets %	0.09	0.07	0.06	0.09	0.01
NPAs / Loans and OREO	0.19	0.14	0.1	0.16	0.02
NPAs / Equity	1.04	0.84	0.58	0.96	0.1
Allowance for Credit Losses / Net Charge-offs %	6.86K	13.5K	4.69K	177K	12.73K
Allowance for Credit Losses / Nonperforming Loans %	679.52	947.76	1.28K	809.05	7.49K
Allowance for Credit Losses / Total Loans %	1.32	1.29	1.24	1.26	1.2
Provision for Loan Losses / Net Charge-offs %	-3.02K	-	285.71	3.36K	742.47
Capital And Funding
Total Average Common Equity / Total Average Assets %	9.32	8.41	8.87	9.93	9.89
Total Average Equity / Total Average Assets %	9.32	8.41	8.87	9.93	9.89
Total Equity + Allowance for Loan Losses / Total Loans %	20	17.39	17.98	17.41	17.49
Gross Loans / Total Deposits %	53.42	54.28	67.9	69.46	69.09
Net Loans / Total Deposits %	52.59	53.52	66.98	68.53	68.21
Tier 1 Capital Ratio %	16.4	16	16.5	16.3	16.1
Total Capital Ratio %	17.6	17.1	17.7	17.5	17.2
Core Tier 1 Capital Ratio	14.6	14.3	14.9	14.7	16.1
Coverage Ratio	290.82	335.89	-	-	-
Leverage Ratio %	8.8	9.4	11.3	11.3	10.7
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	65.12	29.45	20.37	13.34	18.75
EBT + Interest Expense / Interest Expense	13.43	11.94	3.87	2.09	2.25
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-3.47	14.04	20.16	-10.12	8.07
Non Interest Income, 1 Yr. Growth %	-16.96	-56.8	-14.6	11.29	-15.64
Provision For Loan Losses, 1 Yr. Growth %	-204.29	-	-	-67.69	222.62
Total Revenues, 1 Yr. Growth %	4.54	-14.41	13.86	-7.16	4.17
Earnings From Cont. Operations, 1 Yr. Growth %	11.53	-14.25	34.14	-34.73	22.17
Net Income, 1 Yr. Growth %	11.53	-14.25	34.14	-34.73	22.17
Normalized Net Income, 1 Yr. Growth %	9.38	-15.29	36.34	-34.76	23.66
Diluted EPS Before Extra, 1 Yr. Growth %	13.96	-14.71	34.62	-34.29	26.09
Dividend Per Share, 1 Yr. Growth %	30	0	3.85	3.7	1.79
Gross Loans, 1 Yr. Growth %	-13.97	1.74	6.97	2.85	10.07
Allowance For Loan Losses, 1 Yr. Growth %	-31.25	-0.74	3.57	3.76	4.98
Net Loans, 1 Yr. Growth %	-13.56	1.88	7.01	2.87	10.15
Non Performing Loans, 1 Yr. Growth %	-48.95	-28.83	-23.59	64.76	-88.67
Non Performing Assets, 1 Yr. Growth %	-48.95	-28.83	-23.59	64.76	-88.67
Total Assets, 1 Yr. Growth %	13.08	-1.04	-12.04	0.41	10.54
Total Deposits, 1 Yr Growth %	14.64	0.12	-14.49	0.54	10.66
Tangible Book Value, 1 Yr. Growth %	3.44	-13.89	12.85	-0.82	12.48
Common Equity, 1 Yr. Growth %	3.03	-12.31	11.18	-0.73	11.01
Total Equity, 1 Yr. Growth %	3.03	-12.31	11.18	-0.73	11.01
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	-3.61	4.92	17.06	3.92	-1.44
Non Interest Income, 2 Yr. CAGR %	9.72	-40.11	-39.26	-2.51	-3.1
Provision For Loan Losses, 2 Yr. CAGR %	-	-	-62.26	-	2.09
Total Revenues, 2 Yr. CAGR %	3.5	-5.41	-1.28	2.82	-1.66
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.93	-2.2	7.25	-6.43	-10.71
Net Income, 2 Yr. CAGR %	-3.93	-2.2	7.25	-6.43	-10.71
Normalized Net Income, 2 Yr. CAGR %	-4.21	-3.74	7.47	-5.69	-10.18
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.78	-1.41	7.15	-5.95	-8.97
Dividend Per Share, 2 Yr. CAGR %	11.27	14.02	1.9	3.77	2.74
Gross Loans, 2 Yr. CAGR %	-4.14	-6.44	4.32	4.89	6.4
Allowance For Loan Losses, 2 Yr. CAGR %	-3.95	-17.39	1.39	3.67	4.37
Net Loans, 2 Yr. CAGR %	-4.19	-6.16	4.42	4.92	6.45
Non Performing Loans, 2 Yr. CAGR %	8.93	-39.73	-26.26	12.2	-56.79
Non Performing Assets, 2 Yr. CAGR %	8.93	-39.73	-26.26	12.2	-56.79
Total Assets, 2 Yr. CAGR %	19.17	5.78	-6.7	-6.02	5.35
Total Deposits, 2 Yr CAGR %	21.5	7.13	-7.47	-7.28	5.48
Tangible Book Value, 2 Yr. CAGR %	6.52	-5.62	-1.42	5.79	5.62
Common Equity, 2 Yr. CAGR %	5.7	-4.95	-1.26	5.06	4.98
Total Equity, 2 Yr. CAGR %	5.7	-4.95	-1.26	5.06	4.98
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	-1.41	1.95	9.77	7.19	5.29
Non Interest Income, 3 Yr. CAGR %	18.59	-19.58	-32.59	-25.67	-7.1
Provision For Loan Losses, 3 Yr. CAGR %	-	-	-47.04	-64.16	-
Total Revenues, 3 Yr. CAGR %	5.82	-2.85	0.62	-3.28	3.26
Earnings From Cont. Operations, 3 Yr. CAGR %	3.87	-7.5	8.66	-9.11	2.27
Net Income, 3 Yr. CAGR %	3.87	-7.5	8.66	-9.11	2.27
Normalized Net Income, 3 Yr. CAGR %	4.36	-8.06	8.1	-9.01	3.23
Diluted EPS Before Extra, 3 Yr. CAGR %	4.78	-6.93	9.37	-8.96	3.71
Dividend Per Share, 3 Yr. CAGR %	20.12	7.38	10.52	2.5	3.11
Gross Loans, 3 Yr. CAGR %	-3.65	-2.22	-2.17	3.83	6.59
Allowance For Loan Losses, 3 Yr. CAGR %	-2.85	-2.89	-10.92	2.18	4.1
Net Loans, 3 Yr. CAGR %	-3.69	-2.21	-1.96	3.9	6.63
Non Performing Loans, 3 Yr. CAGR %	20.32	-5.48	-34.77	-3.59	-47.74
Non Performing Assets, 3 Yr. CAGR %	20.32	-5.48	-34.77	-3.59	-47.74
Total Assets, 3 Yr. CAGR %	13.28	12.01	-0.53	-4.39	-0.8
Total Deposits, 3 Yr CAGR %	14.59	13.91	-0.62	-4.88	-1.65
Tangible Book Value, 3 Yr. CAGR %	9.67	-0.77	0.17	-1.22	7.98
Common Equity, 3 Yr. CAGR %	8.35	-0.68	0.15	-1.08	7
Total Equity, 3 Yr. CAGR %	8.35	-0.68	0.15	-1.08	7
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	2.55	3.76	5.6	2.73	5.14
Non Interest Income, 5 Yr. CAGR %	8.12	-7.24	-9.26	-13.14	-22.06
Provision For Loan Losses, 5 Yr. CAGR %	29.61	-	-	-	-31.14
Total Revenues, 5 Yr. CAGR %	6.04	1.69	2.92	-0.62	-0.3
Earnings From Cont. Operations, 5 Yr. CAGR %	14.02	9.35	5.21	-7.08	0.45
Net Income, 5 Yr. CAGR %	14.02	9.35	5.21	-7.08	0.45
Normalized Net Income, 5 Yr. CAGR %	11.48	3.11	5.59	-7.12	0.38
Diluted EPS Before Extra, 5 Yr. CAGR %	14.48	9.86	5.72	-6.54	1.63
Dividend Per Share, 5 Yr. CAGR %	17.72	15.77	12.47	5.92	7.34
Gross Loans, 5 Yr. CAGR %	-0.91	-1.43	-0.54	0.57	1.17
Allowance For Loan Losses, 5 Yr. CAGR %	-2.03	-1.96	-1.17	-0.32	-5.09
Net Loans, 5 Yr. CAGR %	-0.9	-1.41	-0.53	0.58	1.32
Non Performing Loans, 5 Yr. CAGR %	-0.13	-16.68	-1.08	1.23	-44.67
Non Performing Assets, 5 Yr. CAGR %	-	-16.95	-1.08	1.23	-44.67
Total Assets, 5 Yr. CAGR %	8.17	7.86	4.82	4.42	1.78
Total Deposits, 5 Yr CAGR %	8.62	8.72	5.19	4.91	1.77
Tangible Book Value, 5 Yr. CAGR %	9.41	4.64	5.09	1.81	2.32
Common Equity, 5 Yr. CAGR %	8.02	3.94	4.4	1.58	2.05
Total Equity, 5 Yr. CAGR %	8.02	3.94	4.4	1.58	2.05