Company: PFIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001558370-25-007366
Chunk: 1

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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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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​​​​​​​​​​​​​ ​    March 31, 2025    December 31, 2024​​(Unaudited)​(Audited)Assets:​​​​​​Cash and cash equivalents​​​​​​Cash and due from banks​$ 60,125​$ 47,029Interest-bearing deposits in other banks​​ 9,196​​ 8,593Federal funds sold​  7,781​  80,229Total cash and cash equivalents​​ 77,102​​ 135,851​​​​​ ​Investment securities:​​​​​​Available for sale:  Amortized cost of $546,430 and $575,288, respectively, net of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024​  503,043​  526,329Held to maturity: Fair value of $64,775 and $65,152, respectively, net of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024​​ 76,689​​ 78,184Equity investments carried at fair value​  2,501​  2,430Total investment securities​  582,233​  606,943Loans​  3,991,539​  3,993,505Less: allowance for credit losses​  41,054​  41,776Net loans​  3,950,485​  3,951,729Loans held for sale​​ 420​​​Goodwill​  75,986​  75,986Premises and equipment, net​  72,492​  73,283Bank owned life insurance​​ 87,953​​ 87,429Deferred tax assets​​ 32,628​​ 35,688Accrued interest receivable​  16,436​  15,632Intangible assets, net​  32,488​  34,197Other assets​  71,135​  74,919Total assets​$ 4,999,358​$ 5,091,657​​​​​​​Liabilities:​​​​​​Deposits:​​​​​​