PSB Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 28, 2019 at 01:30 pm
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PSB Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported net interest income of $7,477,000 against $7,096,000 for the same period a year ago. Net income was $2,529,000 against $946,000 for the same period a year ago. Basic earnings per share were $0.56 against $0.21 for the same period a year ago.
For the year, the company reported net interest income of $28,828,000 against $27,176,000 for the same period a year ago. Net income was $10,312,000 against $7,187,000 for the same period a year ago. Basic earnings per share were $2.29 against $1.58 for the same period a year ago.
PSB Holdings, Inc. is a holding company for Peoples State Bank (Peoples). Peoples is a community bank, which serves north central and southeastern Wisconsin with 10 full-service banking locations in Marathon, Oneida, Vilas, Milwaukee and Waukesha counties and a loan production office in Stevens Point, Wisconsin. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. Its commercial and industrial loans, municipal loans and agricultural loans are primarily for working capital, physical asset expansion and asset acquisition loans. Its commercial real estate loans are primarily secured by owner and non-owner-occupied office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Its construction and land development loans are secured by vacant land and/or property that is in the process of improvement.
PSB HOLDINGS, INC. 
