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17. Peoples Bancorp of North Carolina, Inc. (Parent Company Only) Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Balance Sheets

Assets		2020				2019
Cash		$	664				1,187
Interest-bearing time deposit			1,000				1,000
Investment in subsidiaries			152,598				146,230
Investment in PEBK Capital Trust II			464				619
Investment securities available for sale			-				250
Other assets			650				476
Total assets		$	155,376				149,762
Liabilities and Shareholders' Equity
Junior subordinated debentures		$	15,464				15,619
Liabilities			13				23
Shareholders' equity			139,899				134,120
Total liabilities and shareholders' equity		$	155,376				149,762

Statements of Earnings

Revenues:		2020				2019				2018
Interest and dividend income		$	7,539				12,850				4,544
Total revenues			7,539				12,850				4,544
Expenses:
Interest			370				844				790
Other operating expenses			625				629				678
Total expenses			995				1,473				1,468
Income before income tax benefit and equity in
undistributed earnings of subsidiaries			6,544				11,377				3,076
Income tax benefit			201				299				299
Income before equity in undistributed
earnings of subsidiaries			6,745				11,676				3,375
Equity in undistributed earnings of subsidiaries			4,612				2,391				10,007
Net earnings		$	11,357				14,067				13,382

Statements of Cash Flows

		2020				2019				2018
Cash flows from operating activities:
Net earnings		$	11,357				14,067				13,382
Adjustments to reconcile net earnings to net
cash provided by operating activities:
Equity in undistributed earnings of subsidiaries			(4,612	)			(2,391	)			(10,007	)
Change in:
Other assets			(19	)			57				13
Other liabilities			(10	)			(13	)			6
Net cash provided by operating activities			6,716				11,720				3,394
Cash flows from investing activities:
Proceeds from calls and maturities of investment securities
available for sale			250				-				-
Net cash provided by investing activities			250				-				-
Cash flows from financing activities:
Repayment of junior subordinated debentures			(155	)			(5,000	)			-
Cash dividends paid on common stock			(4,392	)			(3,939	)			(3,133	)
Stock repurchase			(2,999	)			(2,490	)			-
Proceeds from exercise of restricted stock units			57				207				-
Net cash used by financing activities			(7,489	)			(11,222	)			(3,133	)
Net change in cash			(523	)			498				261
Cash at beginning of year			1,187				689				428
Cash at end of year		$	664				1,187				689
Noncash investing and financing activities:
Change in unrealized gain on investment securities
available for sale, net		$	1,756				2,658				(2,607	)

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Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

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-Name Regulation S-X (SX)
-Number 210
-Section 3
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Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

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