PEOPLES BANCORP OF NORTH CAROLINA INC
For the period ended Dec 31, 2025. Filed Mar 11, 2026.
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FY2025 · Filed Mar 11, 2026
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EX-13 · Comprehensive Income
Comprehensive Income
The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.
A-35
The following table presents the changes in accumulated other comprehensive loss for the year ended December 31, 2025 and 2024:
| Year Ended December 31, | ||
|---|---|---|
| (Dollars in thousands) | 2025 | 2024 |
| Beginning balance | $(39,157) | (39,365) |
| Other comprehensive income before reclassifications, net | 11,961 | 212 |
| Amounts reclassified from accumulated other comprehensive (gain) loss, net | 60 | (4) |
| Reduction in state tax adjustment, net | (99) | - |
| Net current period other comprehensive income | 11,922 | 208 |
| Ending balance | $(27,235) | (39,157) |
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