People's State Bank (Orangeville, Illinois)

PSB Holdings, Inc. Reports Third Quarter 2023 Earnings of $0.29 Per Share; Loan Growth Up 4.7% From Prior Quarter and 17.2% From Prior Year

Retrieved on: 
Wednesday, October 25, 2023
Sale, People's State Bank (Orangeville, Illinois), Bank, Tax, PSB, AOCI, Growth, FHLB, Broker-dealer, Borrowing base, SBA, Cryptocurrency, Life insurance, Real estate, Video game, Rare-earth element

Return on tangible common equity was 5.09% for the quarter ended September 30, 2023 compared to 11.14% the prior quarter.

Key Points: 
  • Return on tangible common equity was 5.09% for the quarter ended September 30, 2023 compared to 11.14% the prior quarter.
  • Noninterest income was $1.7 million for the quarter ended September 30, 2023 compared to $2.0 million the prior quarter.
  • Total mortgage banking income was $345,000 for the quarter ended September 30, 2023 compared to $311,000 for the quarter ended June 30, 2023.
  • Noninterest expenses decreased to $7.5 million for the third quarter of 2023, compared to $7.9 million for the second quarter of 2023.

PSB Holdings, Inc. Reports Second Quarter 2023 Earnings of $0.64 Per Share; Loan Growth Up 7.7% From Prior Quarter; New Branch in Stevens Point Opened

Retrieved on: 
Monday, July 24, 2023
Borrowing base, Insurance, PSB, Stevens Point, Wisconsin, FHLB, Policy, Sale, People's State Bank (Orangeville, Illinois), Federal Reserve, Bank, Stevens Point Brewery, Life insurance, Cryptocurrency, Real estate, Rare-earth element

Return on tangible common equity was 11.14% for the quarter ended June 30, 2023 compared to 12.51% the prior quarter.

Key Points: 
  • Return on tangible common equity was 11.14% for the quarter ended June 30, 2023 compared to 12.51% the prior quarter.
  • Noninterest expenses increased $128,000, or 1.6% for the second quarter of 2023 to $7.9 million from $7.8 million the prior quarter.
  • Noninterest expenses increased slightly to $7.9 million for the second quarter of 2023, compared to $7.8 million for the first quarter of 2023.
  • Salary and employee benefit expenses were $4.9 million for the second quarter of 2023, compared to $5.0 million for the first quarter of 2023.

PSB Holdings, Inc. raises semi-annual cash dividend 20% to $0.30 per share

Retrieved on: 
Thursday, June 22, 2023
OTCQX, Growth, People's State Bank (Orangeville, Illinois), PSB, Holding company, Cryptocurrency

The dividend is payable July 28, 2023 to shareholders of record as of July 7, 2023 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022.

Key Points: 
  • The dividend is payable July 28, 2023 to shareholders of record as of July 7, 2023 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022.
  • The current dividend continues a 59-year tradition of cash dividends to PSB shareholders including 30 consecutive years of increased cash dividends declared per share.
  • PSB President and CEO Scott M. Cattanach said, “We are pleased to reward our shareholders with an increased cash dividend which is supported by strong operations and profitability.
  • Additionally, we continue to invest in the long-term growth of our franchise while generating premium returns for our loyal shareholders.”

PSB Holdings, Inc. Named a Top Community Bank for 14 Consecutive Years

Retrieved on: 
Wednesday, June 14, 2023
123rd, National Association of Affordable Housing Lenders, Quality of life, Community, FDIC, People's State Bank (Orangeville, Illinois), Equal housing lender, American Banker, Bank

WAUSAU, Wis., June 14, 2023 (GLOBE NEWSWIRE) -- PSB Holdings, Inc., the parent company of Peoples State Bank, Wausau, Wisconsin, announced that for the 14th consecutive year, it has ranked among the nation’s “Top 200 Community Banks.” American Banker Magazine lists PSB Holdings, Inc. as the 123rd top-performing bank in the nation.

Key Points: 
  • WAUSAU, Wis., June 14, 2023 (GLOBE NEWSWIRE) -- PSB Holdings, Inc., the parent company of Peoples State Bank, Wausau, Wisconsin, announced that for the 14th consecutive year, it has ranked among the nation’s “Top 200 Community Banks.” American Banker Magazine lists PSB Holdings, Inc. as the 123rd top-performing bank in the nation.
  • PSB Holdings, Inc. is ranked fourth among six Wisconsin banks eligible for consideration.
  • Of the six banks in Wisconsin included on the list, PSB Holdings, Inc. remains the only bank based in central Wisconsin.
  • PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under the stock symbol PSBQ on the OTCQX Market.

PSB Holdings, Inc. Reports First Quarter 2023 Earnings of $0.67 Per Share; Tangible Book Value Increased $1.06 Per Share to $22.43 Per Share; Collateralized Available Liquidity Approaches $600 Million

Retrieved on: 
Monday, April 24, 2023
Borrowing base, Insurance, PSB, Senior, FHLB, FDIC, Sale, People's State Bank (Orangeville, Illinois), Federal Reserve, CECL, Bank, Family, Cryptocurrency, Airline, Real estate, Video game

Nonninterest income increased to $2.0 million for the quarter ended March 31, 2023 from $1.8 million the previous quarter.

Key Points: 
  • Nonninterest income increased to $2.0 million for the quarter ended March 31, 2023 from $1.8 million the previous quarter.
  • Noninterest expenses increased $118,000, or 1.5% for the first quarter of 2023 to $7.8 million from $7.7 million the prior quarter.
  • Tangible book value per common share increased 4.7% to $22.43 at March 31, 2023 from $21.37 one quarter earlier.
  • Return on tangible common equity was 12.51% for the quarter ended March 31, 2023 compared to 15.12% the prior quarter.

PSB Holdings, Inc. Reports Fourth Quarter 2022 Earnings of $0.80 Per Share and Record Fiscal 2022 Earnings of $3.07 Per Share

Retrieved on: 
Wednesday, January 25, 2023
FHLB, People's State Bank (Orangeville, Illinois), Acquisition, Federal, Sale, La règle de non-cumul, Bank, Borrowing base, Federal Reserve, PSB, Investment, Growth, Real estate, Video game

Fiscal 2022 earnings increased to a record $3.07 per share from $2.88 per share for fiscal 2021.

Key Points: 
  • Fiscal 2022 earnings increased to a record $3.07 per share from $2.88 per share for fiscal 2021.
  • Noninterest income increased to $1.8 million for the quarter ended December 31, 2022, from $1.7 million the previous quarter.
  • Noninterest expense increased $499,000 for the fourth quarter of 2022, to $7.7 million from $7.2 million the prior quarter.
  • Noninterest expense increased to $7.7 million for the fourth quarter of 2022, compared to $7.2 million for the third quarter of 2022.

PSB Holdings, Inc. announces semi-annual cash dividend of $0.25 per share

Retrieved on: 
Wednesday, December 21, 2022
Growth, OTCQX, People's State Bank (Orangeville, Illinois), PSB, Holding company

The dividend is payable January 30, 2023 to shareholders of record as of January 6, 2023 and represents an increase of 8.70% over the $0.23 per share semi-annual cash dividend declared on December 21, 2021.

Key Points: 
  • The dividend is payable January 30, 2023 to shareholders of record as of January 6, 2023 and represents an increase of 8.70% over the $0.23 per share semi-annual cash dividend declared on December 21, 2021.
  • The current dividend continues a 58-year tradition of cash dividends to PSB shareholders including 29 consecutive years of increased cash dividends declared per share.
  • PSB President and CEO Scott M. Cattanach said, “The Board of Directors believe the continued payment of cash dividends are an important component of building shareholder value.
  • Additionally, we continue to invest in the long-term growth of our franchise while generating premium returns for our loyal shareholders.

PSB Holdings, Inc. Announces 5% Stock Repurchase Program

Retrieved on: 
Monday, December 19, 2022
People's State Bank (Orangeville, Illinois), Security (finance)

WAUSAU, Wis., Dec. 19, 2022 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin announced that it has adopted a program to repurchase up to 5% of outstanding shares of its common stock.

Key Points: 
  • WAUSAU, Wis., Dec. 19, 2022 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin announced that it has adopted a program to repurchase up to 5% of outstanding shares of its common stock.
  • The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance.
  • The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
  • The Company is pleased to have a strong capital position giving it the ability to purchase stock and support our shareholder’s investment.”

PSB Holdings, Inc. Completes Private Placement Offerings of Preferred Stock and Subordinated Debt Totaling $12.0 Million

Retrieved on: 
Tuesday, November 1, 2022
SOFR, Growth, CEO, La règle de non-cumul, GLOBE, COVID-19, Government, People's State Bank (Orangeville, Illinois), Sale, Private Securities Litigation Reform Act, Company, Bank, History, PSB, Senior, Forward-looking statement, Insurance, Security (finance), People

PSB retains the option to redeem the preferred stock in whole or in part beginning November 1, 2027.

Key Points: 
  • PSB retains the option to redeem the preferred stock in whole or in part beginning November 1, 2027.
  • The subordinated debt will pay interest-only for the first 5 years and have an issuer option to redeem in whole or in part beginning November 1, 2027.
  • We are excited about our results and continued growth prospects in our markets, said Scott Cattanach, President and CEO of PSB.
  • This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

PSB Holdings, Inc to Participate in the Raymond James U.S. Bank Conference

Retrieved on: 
Thursday, September 1, 2022
VP, CEO, Insurance, Senior, PSB, CFO, GLOBE, Conference, People's State Bank (Orangeville, Illinois), Security (finance), Financial services, People

Managements discussion materials to be used at this conference will be posted to the investor section of the Companys website, www.psbholdingsinc.com, on or before September 7, 2022.

Key Points: 
  • Managements discussion materials to be used at this conference will be posted to the investor section of the Companys website, www.psbholdingsinc.com, on or before September 7, 2022.
  • PSB Holdings, Inc. is the parent company of Peoples State Bank.
  • Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples.
  • More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com.