Company: PFIS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001558370-25-011043
Chunk: 3

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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Item 1. Financial Statements

Peoples Financial Services Corp.

CONSOLIDATED BALANCE SHEETS  

(Dollars in thousands, except share data) 

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​​​​​​​​​​​​​ ​    June 30, 2025    December 31, 2024​​(Unaudited)​(Audited)Assets:​​​​​​Cash and cash equivalents​​​​​​Cash and due from banks​$ 60,173​$ 47,029Interest-bearing deposits in other banks​​ 9,646​​ 8,593Federal funds sold​  105,920​  80,229Total cash and cash equivalents​​ 175,739​​ 135,851​​​​​ ​Investment securities:​​​​​​Available for sale: Amortized cost of $546,709 and $575,288, respectively, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024​  505,181​  526,329Held to maturity: Fair value of $64,253 and $65,152, respectively, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024​​ 75,137​​ 78,184Equity investments carried at fair value​  2,494​  2,430Total investment securities​  582,812​  606,943Loans​  3,997,525​  3,993,505Less: allowance for credit losses​  40,890​  41,776Net loans​  3,956,635​  3,951,729Loans held for sale​​ 547​​​Goodwill​  75,986​  75,986Premises and equipment, net​  76,896​  73,283Bank owned life insurance​​ 87,635​​ 87,429Deferred tax assets​​ 31,647​​ 35,688Accrued interest receivable​  15,854​  15,632Intangible assets, net​  30,778​  34,197Other assets​  73,350​  74,919Total assets​$ 5,107,879​$ 5,091,657​​​​​​​Liabilities:​​​​​​Deposits:​​​​​​Non