PSB Holdings Inc., Annual General Meeting, Apr 20, 2010, at 14:00 US Central Time. Location: Peoples State Bank, 1905 W. Stewart Avenue, Wausau, WI 54401,United States. Agenda: To elect eleven directors; to ratify the audit committee's selection of Wipfli LLP as the company's independent auditor for the 2010 fiscal year; and to transact such other business as may properly come before the meeting.

PSB Holdings Inc. reported unaudited consolidated earnings results for the fourth quarter and full year December 31, 2009. For the quarter, the company reported earnings of $0.31 per basic and diluted share on net income of $489,000 compared to earnings of $0.47 per basic and diluted share on net income of $738,000 during the most recent September 2009 quarter and $0.68 per basic and diluted share on net income of $1,059,000 during the prior year December 2008 quarter. The decline in December 2009 net income was due to higher provision for loan losses and loss on sale of foreclosed properties. Return on average stockholders equity was 4.49% and 10.90% during the quarter ended December 31, 2009 and 2008, respectively. Return on average assets was 0.33% and 0.75% during the quarter ended December 31, 2009 and 2008, respectively. Net interest income was $4.6 compared to $3.8 a year ago. Net interest income after provision for loan losses was $3 compared to $3.5 a year ago. Income before provision (credit) for income taxes was $0.5 compared to $1.4 a year ago. For the full year, the company's earnings declined 6.1% to $3,116,000, or $2.00 per basic and diluted share compared to $3,301,000, or $2.13 per basic and diluted share, during 2008. Both years were impacted by credit losses related to the economic downturn. During 2009, a $1,004,000 loss on sale of a foreclosed asset following auction reduced earnings by $0.39 per basic and diluted share. During 2008, net income declined $0.39 per basic and diluted share due to a write down of the companys investment in Federal National Mortgage Association (FNMA) preferred stock of $991,000. Earnings per share before these special items would have been $2.39 in 2009 and $2.52 in 2008. Return on average assets was 0.54% and 0.61% during the year ended December 31, 2009 and 2008, respectively. Return on average stockholders equity was 7.38% and 8.63% during the year ended December 31, 2009 and 2008, respectively. Net book value per share was $27.11 compared to $25.76 a year ago. Net interest income was $17 compared to $14.4 a year ago. Net interest income after provision for loan losses was $13.3 compared to $13.5 a year ago. Income before provision (credit) for income taxes was $4 compared to $4.1 a year ago.

PSB Holdings Inc. announced the departure of John Sonnentag from the companys board of directors effective as of September 15, 2009. Mr. Sonnentag also resigned from the board of the companys wholly-owned subsidiary, Peoples State Bank (Peoples State Bank (Wausau, WI)), effective as of the same date. Mr. Sonnentag had served on both boards since 2002. Mr. Sonnentags departure from the board was due to his retirement. The company also announced that Mr. Tim Sonnentag will replace Mr. John Sonnentag as a member of the companys board of directors effective at the next regularly scheduled October 20, 2009, board meeting. Initially, Mr. Tim Sonnentag will serve only as a director of the company and will not sit on any committees of the board.

PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition

PSB HOLDINGS INC /WI/ Files SEC form 10-K, Annual Report

PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition

PSB HOLDINGS INC /WI/ Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendments to Articles

PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report

PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report

PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report

PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition

PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report

PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition