Income Statement


PSB HOLDINGS, INC. (OTC Pink - PSBQ)
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest and dividend income 
Loans, including fees 23,12622,63423,24024,839
Securities 
Taxable 2,0982,3982,5482,486
Tax-exempt 1,5111,5041,5081,465
Other interest and dividends 818276127
Total interest and dividend income 26,81626,61827,37228,917
Interest expense 
Deposits 3,0512,8352,6972,768
Federal Home Loan Bank advances 1,285601269461
Other borrowings 650560242245
Senior subordinated notes 184150141103
Junior subordinated debentures 341340342343
Total interest expense 5,5114,4863,6913,920
Net interest income 21,30522,13223,68124,997
Provision (credit) for loan losses 4,015560(530)55
Net interest income after provision (credit) for loan losses 17,29021,57224,21124,942
Noninterest income 
Service fees 1,5801,6561,5911,561
Residential mortgage banking, net 1,5911,3731,7252,040
Investment and insurance sales commissions 9449461,000953
Net gain on sale of securities 12300
Increase in cash surrender value of bank-owned life insurance 402404401401
Gain on life insurance death benefits received NA00380
Other operating income 1,0941,3121,4311,634
Total noninterest income 5,6235,6946,1486,969
Noninterest expense 
Salaries and employee benefits 9,0699,87911,08911,837
Occupancy and facilities 1,7621,8281,8841,761
Loss on foreclosed assets 42823320649
Data processing and other office operations 1,8622,2242,1372,213
Advertising and promotion 335376363371
FDIC insurance premiums 452523472316
Other operating expense 2,5982,8572,7302,958
Total noninterest expense 16,50617,92018,88119,505
Income before income taxes 6,4079,34611,47812,406
Provision for income taxes 1,6632,9063,7293,970
Net income 4,7446,4407,7498,436
Basic earnings per share 2.873.94.835.48
Diluted earnings per share 2.873.94.835.48
Consolidated Statements of Comprehensive Income 
Net income 4,7446,4407,7498,436
Other comprehensive income (loss), net of tax 
Unrealized gain (loss) on securities available for sale (961)420(414)(801)
Reclassification adjustment for net gain on sale of securities, included in net income (7)(2)00
Amortization of unrealized gain on securities available for sale transferred to securities held to maturity (236)(200)(189)(114)
Unrealized loss on interest rate swap 46(44)(50)(16)
Reclassification adjustment of interest rate swap settlements included in earnings 11311411294
Other comprehensive income (loss) (1,045)288(541)(837)
Comprehensive income 3,6996,7287,2087,599


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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