XML 26 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2

Loans (Tables)

9 Months Ended

Sep. 30, 2022

Loans

Schedule of Major Classifications Of Loans

(Dollars in thousands)
		September 30, 2022				December 31, 2021
Real estate loans:
Construction and land development		$	112,854				95,760
Single-family residential			312,208				266,111
Single-family residential -
Banco de la Gente non-traditional			20,469				23,147
Commercial			399,015				337,841
Multifamily and farmland			62,040				58,366
Total real estate loans			906,586				781,225
Loans not secured by real estate:
Commercial loans			76,434				91,172
Farm loans			961				796
Consumer loans			6,438				6,436
All other loans			14,488				5,240
Total loans			1,004,907				884,869
Less allowance for loan losses			(10,030	)			(9,355	)
Total net loans		$	994,877				875,514

Age Analysis Of Past Due Loans, By Loan Type

September 30, 2022
(Dollars in thousands)
		Loans 30-89 Days Past Due				Loans 90 or More Days Past Due				Total Past Due Loans				Total Current Loans				Total Current Loans				Total Loans				Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development		$	513				-				513				112,341				-				112,854				-
Single-family residential			1,050				158				1,208				311,000				-				312,208				-
Single-family residential -
Banco de la Gente non-traditional			602				191				793				19,676				-				20,469				-
Commercial			123				-				123				398,892				-				399,015				-
Multifamily and farmland			-				-				-				62,040				-				62,040				-
Total real estate loans			2,288				349				2,637				903,949				-				906,586				-
Loans not secured by real estate:
Commercial loans			1,237				-				1,237				75,197				-				76,434				-
Farm loans			-				-				-				961				-				961				-
Consumer loans			41				3				44				6,394				-				6,438				-
All other loans			-				-				-				14,488				-				14,488				-
Total loans		$	3,566				352				3,918				1,000,989				-				1,004,907				-

December 31, 2021
(Dollars in thousands)
		Loans 30-89 Days Past Due				Loans 90 or More Days Past Due				Total Past Due Loans				Total Current Loans				Total Loans				Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development		$	-				-				-				95,760				95,760				-
Single-family residential			2,323				634				2,957				263,154				266,111				-
Single-family residential -
Banco de la Gente non-traditional			2,593				112				2,705				20,442				23,147				-
Commercial			488				-				488				337,353				337,841				-
Multifamily and farmland			-				-				-				58,366				58,366				-
Total real estate loans			5,404				746				6,150				775,075				781,225				-
Loans not secured by real estate:
Commercial loans			43				-				43				91,129				91,172				-
Farm loans			-				-				-				796				796				-
Consumer loans			38				-				38				6,398				6,436				-
All other loans			-				-				-				5,240				5,240				-
Total loans		$	5,485				746				6,231				878,638				884,869				-

Non-accrual Loans

(Dollars in thousands)
		September 30, 2022				December 31, 2021
Real estate loans:
Construction and land development		$	-				-
Single-family residential			1,999				1,642
Single-family residential -
Banco de la Gente non-traditional			1,462				1,232
Commercial			133				200
Multifamily and farmland			96				105
Total real estate loans			3,690				3,179
Loans not secured by real estate:
Commercial loans			-				49
Consumer loans			18				2
Total		$	3,708				3,230

Impaired Loans

September 30, 2022
(Dollars in thousands)
		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance
Real estate loans:
Construction and land development		$	59				-				59				59				1
Single-family residential			3,929				240				3,381				3,621				62
Single-family residential -
Banco de la Gente non-traditional			10,557				-				9,890				9,890				619
Commercial			1,996				426				1,502				1,928				9
Multifamily and farmland			107				-				96				96				-
Total impaired real estate loans			16,648				666				14,928				15,594				691
Loans not secured by real estate:
Commercial loans			130				-				130				130				1
Consumer loans			21				-				20				20				-
Total impaired loans		$	16,799				666				15,078				15,744				692

December 31, 2021
(Dollars in thousands)
		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance
Real estate loans:
Construction and land development		$	73				-				73				73				3
Single-family residential			5,138				524				4,374				4,898				86
Single-family residential -
Banco de la Gente non-traditional			11,753				-				10,922				10,922				687
Commercial			2,138				435				1,608				2,043				11
Multifamily and farmland			113				-				105				105				-
Total impaired real estate loans			19,215				959				17,082				18,041				787
Loans not secured by real estate:
Commercial loans			282				49				170				219				2
Consumer loans			8				-				4				4				-
Total impaired loans		$	19,505				1,008				17,256				18,264				789

Summary of average impaired loans balance

(Dollars in thousands)
		Three months ended																Nine months ended
		September 30, 2022								September 30, 2021								September 30, 2022								September 30, 2021
		Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized
Real estate loans:
Construction and land development		$	60				1				76				1				65				4				91				5
Single-family residential			1,393				51				5,875				49				1,131				150				5,683				166
Single-family residential -
Banco de la Gente stated income			12,487				134				10,349				140				13,454				407				11,090				477
Commercial			1,939				25				2,280				20				1,985				75				2,617				85
Multifamily and farmland			97				1				110				2				100				4				113				4
Total impaired real estate loans			15,976				212				18,690				212				16,735				640				19,594				737
Loans not secured by real estate:
Commercial loans			138				3				248				5				163				7				330				16
Farm loans (non RE)			-				-				-				-								-				-				-
Consumer loans			21				1				9				-				14				2				19				1
Total impaired loans		$	16,135				216				18,947				217				16,912				649				19,943				754

Changes In The Allowance For Loan Losses

(Dollars in thousands)
		Real Estate Loans
		Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer and All Other				Unallocated				Total
Nine months ended September 30, 2021:
Allowance for loan losses:
Beginning balance		$	1,196				1,843				1,052				2,212				122				1,345				-				128				2,010				9,908
Charge-offs			-				-				-				-				-				(293	)			-				(249	)			-				(542	)
Recoveries			121				165				-				50				3				7				-				114				-				460
Provision			(421	)			(306	)			(162	)			46				22				(153	)			-				98				13				(863	)
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Three months ended September 30, 2021:
Allowance for loan losses:
Beginning balance		$	1,038				1,723				980				2,180				148				996				-				89				2,133				9,287
Charge-offs			-				-				-				-				-				(215	)			-				(91	)			-				(306	)
Recoveries			31				86				-				2				4				1				-				40				-				164
Provision			(173	)			(107	)			(90	)			126				(5	)			124				-				53				(110	)			(182	)
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Allowance for loan losses at September 30, 2021:
Ending balance: individually
evaluated for impairment		$	1				58				710				7				-				-				-				-				-				776
Ending balance: collectively
evaluated for impairment			895				1,644				180				2,301				147				906				-				91				2,023				8,187
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Loans at September 30, 2021:
Ending balance		$	80,009				258,403				24,043				363,174				58,856				94,376				633				11,511				-				891,005
Ending balance: individually
evaluated for impairment		$	6				1,398				10,236				1,450				-				54				-				-				-				13,144
Ending balance: collectively
evaluated for impairment		$	80,003				257,005				13,807				361,724				58,856				94,322				633				11,511				-				877,861

Credit Risk Profile Of Each Loan Type Based On Internally Assigned Risk Grade

September 30, 2022
(Dollars in thousands)
		Real Estate Loans
		Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer				All Other				Total
1- Excellent Quality		$	-				3,808				-				-				-				1,381				-				523				-				5,712
2- High Quality			18,162				129,784				-				30,197				17				16,163				-				2,064				1,427				197,814
3- Good Quality			93,266				163,179				7,777				334,206				59,539				56,973				961				3,600				12,782				732,283
4- Management Attention			1,307				11,046				9,130				31,732				1,869				1,127				-				225				133				56,569
5- Watch			60				915				1,150				2,321				519				786				-				-				146				5,897
6- Substandard			59				3,476				2,412				559				96				4				-				26				-				6,632
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	112,854				312,208				20,469				399,015				62,040				76,434				961				6,438				14,488				1,004,907

December 31, 2021
(Dollars in thousands)
		Real Estate Loans
		Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer				All Other				Total
1- Excellent Quality		$	-				5,923				-				-				-				371				-				581				-				6,875
2- High Quality			11,752				109,337				-				28,546				19				16,177				-				2,039				1,309				169,179
3- Good Quality			80,325				129,856				8,712				272,786				54,945				68,183				792				3,510				3,931				623,040
4- Management Attention			3,534				14,964				10,478				30,937				2,754				5,214				4				284				-				68,169
5- Watch			76				2,464				1,703				4,938				543				1,177				-				1				-				10,902
6- Substandard			73				3,567				2,254				634				105				50				-				21				-				6,704
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	95,760				266,111				23,147				337,841				58,366				91,172				796				6,436				5,240				884,869

X

- References

No definition available.

+ Details

Name:	pebk_ScheduleOfAccountsNotesLoansAndFinancingReceivableTableTextBlock
Namespace Prefix:	pebk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	pebk_SummaryOfAverageImpairedLoansBalance
Namespace Prefix:	pebk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 16
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919258-210447

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration