PSBQ PSB Holdings Inc. featured news, full reports, and detailed charts
PSB Holdings Inc. (PSBQ/PSBQ.OB) Wrap Up:
PSB Holdings, Inc. operates as the holding company for Peoples State Bank, which provides commercial and retail banking services in Wisconsin. Its deposit products include checking accounts, noninterest-bearing demand deposits, interest bearing demand and savings deposits, money market demand deposits, and retail time deposits. The company offers commercial loans, lines and letters of credit, secured and unsecured term loans, equipment and lease financing, commercial mortgage loans, installment loans, personal loans, automobile loans, recreational vehicle loans, credit and debit cards, and mortgage loans. It also provides automated teller machines, online computer banking, cash management, l...www.psbwi.com
126 Employees
Founded in 1962
PSB Holdings Inc. (PSBQ:OTC Bulletin Board Market)
LAST $17.00 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 18, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of PSB Holdings Inc. (PSBQ)
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OPEN
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PREVIOUS CLOSE
$17.00
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
06/16/09 - $23.75
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52 WEEK LOW
12/29/08 - $14.30
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MARKET CAP
26.5M
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AVERAGE VOLUME 3 mo
100.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
1.6M
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EX-DATE
07/7/09
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P/E TTM
NM
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DIVIDEND
$0.70
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DIVIDEND YIELD
4.12%
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PSBQ Top Compensated Officers
Mr. Peter W. Knitt
Chief Executive Officer, President, Director,...
Age: 50
Total Annual Compensation: $218.4K
Mr. Scott M. Cattanach
Principal Accounting Officer, Secretary, Trea...
Age: 40
Total Annual Compensation: $141.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for PSB Holdings Inc. (PSBQ)
PSB Holdings Inc. and Peoples State Bank (Wausau, WI) Announce Board Changes
09/21/2009
PSB Holdings Inc. announced the departure of John Sonnentag from the company’s board of directors effective as of September 15, 2009. Mr. Sonnentag also resigned from the board of the company’s 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. Sonnentag’s 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 company’s 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., Board Meeting, Oct 20, 2009
09/21/2009
PSB Holdings Inc., Board Meeting, Oct 20, 2009 Agenda: To consider board changes.
PSB Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
07/23/2009
PSB Holdings Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's net income was $883,000 or $0.57 per diluted share as compared to $1,019,000 or $0.66 per diluted share, in 2008 June quarter. An industry wide FDIC special assessment reduced net income by $160,000 or $0.10 per share. Return on average assets was 0.62% (0.73% before the FDIC special assessment) and 0.76% during the quarters June 2009 and June 2008, respectively. Return on average stockholders' equity was 8.41% (9.93% before the FDIC special assessment) and 10.58% during the quarters June 2009 and 2008, respectively. Income before provision for income tax was $1,193,000 compared to $1,364,000 a year ago. Net interest income was $4,168,000 compared to $3,568,000 a year ago. Tax adjusted net interest income totaled $4.37 million compared to $3.78 million in the June 2008 quarter. Net book value per share was $26.47, a 10% increase compared to $24.08 a year ago. For the six months, the company reported earnings of $1.21 per share on net income of $1,889,000 compared to $1.30 per share on net income of $2,021,000 last year. Excluding the FDIC special assessment, quarterly and year to date 2009 earnings per share would have been $0.67 and $1.31 respectively. Return on average assets was 0.67% (0.72% before the FDIC special assessment) and 0.76% during June 2009 and June 2008, respectively. Return on average stockholders' equity was 9.16% (9.94% before the FDIC special assessment) and 10.64% during June 2009 and June 2008, respectively. Income before provision for income tax was $2,572,000 compared to $2,698,000 a year ago. Net interest income was $8,268,000 compared to $7,131,000 a year ago. Tax adjusted net interest income was $8,692,000 compared to $7,545,000 during 2008, an increase of 15.2%.
PSBQ Competitors
| Company | Last | Change | |
| No competitor information is available for PSBQ. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | PSBQ | Industry Range |
| Price/Earnings | 7.2x |
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| Price/Sales | 1.4x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 7.2x |
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| TEV/Sales | NM | Not Meaningful |
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PSBQ |
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More Recent News About PSB Holdings Inc.
More news for PSBQ
PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis is presented to assist in the understanding and evaluation of PSB's financial condition and results of operations. It is intended to complement the unaudited financial statements, footnotes, and supplemental financial data appearing elsewhere in this Form 10-Q and should be read in conjunction therewith. Dollar amounts are in thousands, except per share amounts. This Quarterly Report on Form 10-Q describes the business of PSB Holdings, Inc. and its subsidiary Peoples State Bank as in effect on September 30, 2009, and references to "PSB" as well as use of terms like "we" and "our" are references to PSB Holdings, Inc. and its consolidated subsidiaries. Forward-looking statements have been made in this document that are subject to risks and uncertainties. While we believe these forward-looking statements are based on reasonable assumptions, all such statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated in this report. The assumptions, risks, and uncertainties relating to the forward-looking statements in this report include those referred to under the caption "Forward-Looking Statements" in Item 1 of our Form 10-K for the year ended December 31, 2008 ("2008 Form 10-K"), and, from time to time, in our other filings with the Securities and Exchange Commission. We do not intend to update forward-looking statements. Executive Overview September 2009 quarterly net income was $738, or $.47 earnings per diluted share, compared to the most recent June 2009 quarterly net income of $883, or $.57 earnings per diluted share, and the prior year September 2008 quarterly net income of $221, or $.14 earnings per share. September 2008 quarterly net income was reduced $600 by a write down of our investment in FNMA pre...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue8,766 8,805 8,541 8,322 Cost of Revenue2,240 2,344 2,685 2,850 Gross Profit6,526 6,461 5,856 5,472 Operating ExpensesResearch Development - - - - Selling General and Administrative3,817 3,397 3,135 3,195 Non Recurring98 - (977)991 Others502 798 1,321 285 Total Operating Expenses - - - - Operating Income or Loss2,109 2,266 2,377 1,001 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes2,109 2,266 2,377 1,001 Interest Expense916 887 964 972 Income Before Tax1,193 1,379 1,413 29 Income Tax Expense310 373 354 (192)Minority Interest - - - - Net Income From Continuing Ops883 1,006 1,059 221 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis is presented to assist in the understanding and evaluation of PSB's financial condition and results of operations. It is intended to complement the unaudited financial statements, footnotes, and supplemental financial data appearing elsewhere in this Form 10-Q and should be read in conjunction therewith. Dollar amounts are in thousands, except per share amounts. This Quarterly Report on Form 10-Q describes the business of PSB Holdings, Inc. and its subsidiary Peoples State Bank as in effect on June 30, 2009, and references to "PSB" as well as use of terms like "we" and "our" are references to PSB Holdings, Inc. and its consolidated subsidiaries. Forward-looking statements have been made in this document that are subject to risks and uncertainties. While we believe these forward-looking statements are based on reasonable assumptions, all such statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated in this report. The assumptions, risks, and uncertainties relating to the forward-looking statements in this report include those referred to under the caption "Forward-Looking Statements" in Item 1 of our Form 10-K for the year ended December 31, 2008 ("2008 Form 10-K"), and, from time to time, in our other filings with the Securities and Exchange Commission. We do not intend to update forward-looking statements. Executive Overview June 2009 quarterly net income was $883, or $.57 earnings per diluted share, compared to the most recent March 2009 quarterly net income of $1,006, or $.65 earnings per diluted share, and the prior year June 2008 quarterly net income of $1,019, or $.66 earnings per share. An industry wide FDIC special assessment reduced our June 2009 quarterly net income by $160, or $.10 per share. Excl...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for PSB HOLDINGS INC /WI/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PSB HOLDINGS INC /WI/ 23-Jul-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pur...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report
Show all filings for PSB HOLDINGS INC /WI/ | Request a Trial to NEW EDGAR Online Pro Form 10-Q for PSB HOLDINGS INC /WI/ 15-May-2009Quarterly Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for PSB HOLDINGS INC /WI/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PSB HOLDINGS INC /WI/ 21-Apr-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purp...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 10-K, Annual Report
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Management's discussion and analysis reviews significant factors with respect to our financial condition and results of our operations for the three years ended December 31, 2008. This discussion should be read in conjunction with the consolidated financial statements, notes, tables, and the selected financial data presented elsewhere in this report. All figures are in thousands, except per share data and per employee data. Management's discussion and analysis, like other portions of this Annual Report on Form 10-K, includes forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, our anticipated future financial performance involves risks and uncertainties that may cause actual results to differ materially from those described in our forward-looking statements. A cautionary statement regarding forward-looking statements is set forth under the caption "Forward-Looking Statements" in Item 1 of this Annual Report on Form 10-K. This discussion and analysis should be considered in light of that cautionary statement. Executive Overview Our 2008 diluted earnings were $2.13 per share after a write down of FNMA preferred stock to recognize an other-than-temporary impairment. Excluding this write down, our pro forma earnings of $2.52 per share were similar to our 2007 earnings per share. These 2008 results were significantly above average compared to other banks that are similar in asset size nationally and in Wisconsin due to our continued low charge-off levels in line with historical averages and moderately increased provisions for loan losses while peers experienced significant provisions and charge-offs of problem credits. Our 2008 return on average stockholders' equity was 10.20% before the FNMA write down and 8.63% based on reported net income. We do have...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for PSB HOLDINGS INC /WI/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for PSB HOLDINGS INC /WI/ 23-Jan-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pu...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendments to Articles
Material Modification to Rights of Security Holders. On December 12, 2008, the shareholders of PSB Holdings, Inc. (the "Company") approved the Second Amended and Restated Articles of Incorporation of the Company (the "Articles"), which authorize the issuance of up to 30,000 shares of a new class of no par value preferred stock (the "Preferred Stock"). The Articles are attached as Exhibit 3.1 and are incorporated herein by reference. Prior to December 12, 2008, the Company did not have a class of preferred stock. The authorization of the Preferred Stock allows the Company's board of directors to create and issue Preferred Stock from time to time in one or more series and to change designations; preferences; and relative, participating, optional or other special rights, qualifications, limitations or restrictions of the Preferred Stock; including dividend rights, dividend rates, terms of redemption, redemption prices, voting rights, conversion rights, and liquidation preferences; in each case without any further action or vote by the shareholders. The authorization of the Preferred Stock will not have an immediate effect on the holders of the Company's common stock (the "Common Stock"). However, when the Preferred Stock is issued, any preferential rights of the Preferred Stock must be satisfied before the holders of Common Stock are entitled to receive dividends or to participate pro rata in any distribution of assets available for distribution upon liquidation of the Company. The Company's board of directors has represented that it will not, without prior shareholder approval, issue any series of Preferred Stock for any defensive or anti-takeover purpose, for the purpose of implementing any shareholder rights plan or with features specifically intended to make any attempted acquisition of the Company more difficult or costly. Within the limits described above, the board may issue Preferred Stock for capital raising transactions, acquisitions, joi...Click here to read the whole Article (external link)
PSB HOLDINGS INC /WI/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis is presented to assist in the understanding and evaluation of PSB's financial condition and results of operations. It is intended to complement the unaudited financial statements, footnotes, and supplemental financial data appearing elsewhere in this Form 10-Q and should be read in conjunction therewith. Dollar amounts are in thousands, except per share amounts. This Quarterly Report on Form 10-Q describes the business of PSB Holdings, Inc. and its subsidiary Peoples State Bank as in effect on September 30, 2008, and any reference to "PSB" refers to the consolidated or individual operations of PSB Holdings, Inc. and Peoples State Bank. Forward-looking statements have been made in this document that are subject to risks and uncertainties. While PSB believes these forward-looking statements are based on reasonable assumptions, all such statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated in this report. The assumptions, risks, and uncertainties relating to the forward-looking statements in this report include those described under the caption "Forward-Looking Statements" in Item 1 of PSB's Form 10-K for the year ended December 31, 2007 ("2007 Form 10-K"), and, from time to time, in PSB's other filings with the Securities and Exchange Commission. PSB does not intend to update forward-looking statements. Additional risk factors relating to an investment in PSB common stock are described under Item 1A of the 2007 Form 10-K. Management Discussion and Analysis - Executive Overview This overview summarizes PSB's financial trends and the primary opportunities and challenges faced by management. It is intended to assist the reader in better understanding these trends and management's plan to address them. In addition, the near-term issu...Click here to read the whole Article (external link)
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