Revenue during the quarter dropped 3.79 percent to $5.84 million from $6.07 million in the previous year period. Net interest income for the quarter dropped 4.76 percent over the prior year period to $4.32 million. Non-interest income for the quarter fell 6.15 percent over the last year period to $1.54 million.

Peoples Financial Corporation  has made provision of $0.03 million for loan losses during the quarter, down 76.99 percent from $0.11 million in the same period last year.

Net interest margin contracted 27 basis points to 2.85 percent in the quarter from 3.12 percent in the last year period. Efficiency ratio was stable at 99 percent in the quarter, when compared with the last year period.

The Peoples Bank, reported net income of $74,000 for the first quarter of 2017, announced Chevis C. Swetman, chairman and chief executive officer of the Holding Company and the Bank. "Our first quarter performance illustrates our continued improvement in asset quality," said Swetman. "We are confident 2017 will be a positive year toward enhancing our long-term financial prosperity," he added.

Return on average assets was stable at 0.04 percent in the quarter, when compared with the last year period. At the same time, return on average equity was stable at 0.33 percent in the quarter, when compared with the last year period.

Book value per share was $17.49 for the quarter, down 3.80 percent or $0.69 compared to $18.18 for the same period last year.