PB Bankshares, Inc. (PBBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 185 E. LINCOLN HIGHWAY
COATESVILLE, PA 19320
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,01815,608
Cash and cash equivalents16,01815,608
Total current assets:16,01815,608
Noncurrent Assets
Operating lease, right-of-use asset953 
Property, plant and equipment1,6931,949
Deferred income tax assets1,656945
Total noncurrent assets:4,3022,894
Other undisclosed assets366,227296,427
TOTAL ASSETS:386,547314,929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities340,560269,095
Total liabilities:340,560269,095
Equity
Equity, attributable to parent, including:45,98745,834
Common stock2728
Additional paid in capital25,72126,176
Accumulated other comprehensive loss(1,932)(282)
Retained earnings24,77922,665
Unearned esop shares  (2,868)
Other undisclosed equity, attributable to parent(2,608)115
Total equity:45,98745,834
TOTAL LIABILITIES AND EQUITY:386,547314,929

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues13,2319,707
Net investment income13,3309,732
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,200)(287)
Gross profit:12,0319,420
Operating expenses(1,899)(1,544)
Operating income:10,1327,876
Nonoperating income995174
Gains on sales of other real estate 821 
Bank owned life insurance income174174
Interest and debt expense(2,956)(2,198)
Income from continuing operations before equity method investments, income taxes:8,1715,852
Other undisclosed loss from continuing operations before income taxes(5,526)(4,897)
Income from continuing operations before income taxes:2,645955
Income tax expense(531)(170)
Income from continuing operations:2,114785
Income before gain (loss) on sale of properties:785
Net income available to common stockholders, diluted:2,114785

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:2,114785
Other comprehensive income (loss)(2,087)(625)
Comprehensive income:27160
Other undisclosed comprehensive income (loss), net of tax, attributable to parent437254
Comprehensive income, net of tax, attributable to parent:464414

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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