Peoples Financial Corporation reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported a loss of $9,119,000 due to charges related to non-performing assets and a valuation allowance recorded on a deferred tax asset compared to $883,000 for the same period last year. Loss per share was $1.78 compared to earnings per share of $0.17 for the same period last year. Net interest income was $4,860,000 compared to $7,279,000 for the same period last year.

For the year, the company reported a loss of $10,004,000 due to charges related to non-performing assets and a valuation allowance recorded on a deferred tax asset compared to $538,000 for the same period last year. Loss per was $1.95 compared to earnings per share of $0.10 for the same period last year. Net interest income was $20,715,000 compared to $23,509,000 for the same period last year. Negative return on average assets was 1.38% compared to 0.07% for the same period last year. Negative return on average equity was 10.31% compared to 0.51% for the same period last year. Book value per share was $18.53 as on December 31, 2014 compared to $19.35 as on December 31, 2013.

For the quarter ended December 31, 2014, the company reported charge-offs were $4,698,000 compared to $7,884,000 for the same period last year.