Revenue during the quarter dropped 12.23 percent to $5.50 million from $6.27 million in the previous year period. Net interest income for the quarter dropped 5.57 percent over the prior year period to $4.32 million. Non-interest income for the quarter rose 9.81 percent over the last year period to $1.61 million.

Peoples Financial Corporation has made provision of $0.43 million for loan losses during the quarter, compared with a negative provision of $0.22 million in the same period last year.

Net interest margin contracted 16 basis points to 3.02 percent in the quarter from 3.18 percent in the last year period. Efficiency ratio for the quarter improved to 99 percent from 124 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

The Peoples Bank, reported a net loss of $376,000 for the quarter ended December 31, 2016, and net income of $167,000 for the full year of 2016, announced Chevis C. Swetman, chairman and chief executive officer of the holding company and the bank. "Although disappointed in our fourth quarter results, we are pleased with the company's overall 2016 financial performance," said Swetman. He further added, "Collateral values are stabilizing and we are confident of continuing our financial progress in 2017."

Return on average assets was at 0.02 percent in the quarter against a negative 0.69 percent in the last year period. Return on average equity was at 0.19 percent in the quarter against a negative 4.92 percent in the last year period.

Book value per share was $17.27 for the quarter, down 3.68 percent or $0.66 compared to $17.93 for the same period last year.