PSB Holdings Inc (PSBQ) financial statements (2022 and earlier)

Company profile

Business Address 1905 WEST STEWART AVE
WAUSAU, WI 54401
State of Incorp. WI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments25,10631,52248,847
Cash and cash equivalents25,10631,52248,847
Disposal group, including discontinued operation100  
Total current assets:25,20631,52248,847
Noncurrent Assets
Property, plant and equipment10,8419,66910,240
Long-term investments and receivables69,779  
Long-term investments69,779  
Total noncurrent assets:80,6209,66910,240
Other undisclosed assets628,541670,350652,879
TOTAL ASSETS:734,367711,541711,966
Current Liabilities
Total current liabilities:4,324  
Noncurrent Liabilities
Liabilities, other than long-term debt  39
Pension and other postretirement defined benefit plans, liabilities 39
Total noncurrent liabilities:  39
Other undisclosed liabilities668,582654,788657,480
Total liabilities:672,906654,788657,519
Commitments and contingencies123,912119,443107,233
Stockholders' equity
Stockholders' equity attributable to parent, including:61,46156,75354,447
Common stock1,830  
Treasury stock, value(5,559)  
Additional paid in capital6,9976,9677,020
Accumulated other comprehensive income6373491,394
Retained earnings57,55652,43248,977
Other undisclosed stockholders' equity attributable to parent (2,995)(2,944)
Other undisclosed stockholders' equity(123,912)(119,443)(107,233)
Total stockholders' equity:(62,451)(62,690)(52,786)
TOTAL LIABILITIES AND EQUITY:734,367711,541711,966

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

Net investment income26,618  
Financial services revenue5,4071,5801,648
Cost of revenue(846)(4,015)(785)
Amortization of mortgage servicing rights (msrs)(278)  
Financial services costs(568)(4,015)(785)
Gross profit:31,179(2,435)863
Operating expenses(14,442)(9,404)(9,942)
Operating income (loss):16,737(11,839)(9,079)
Nonoperating income323143121
Losses on sales of other real estate(65) (485)
Bank owned life insurance income404402407
Mortgage servicing rights (msr) impairment (recovery)(19)(259)199
Interest and debt expense(4,486)(5,511)(7,091)
Income (loss) from continuing operations before income taxes:12,574(17,207)(16,049)
Income tax expense(2,906)(1,663)(2,535)
Net income (loss):9,668(18,870)(18,584)
Other undisclosed net income (loss) attributable to parent(3,228)23,61424,593
Net income available to common stockholders, diluted:6,4404,7446,009

Comprehensive Income ($ in thousands)

Net income (loss):9,668(18,870)(18,584)
Other comprehensive income288  
Comprehensive income (loss):9,956(18,870)(18,584)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,228)22,56924,053
Comprehensive income, net of tax, attributable to parent:6,7283,6995,469

Statements sources

The financial statements are based on the company's filings with the 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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