PSB Holdings, Inc. Reports Second Quarter 2022 Earnings of $3.2 Million, or $0.72 Per Share; Loans Expand 5.7% in Quarter

WAUSAU, Wis., July 25, 2022 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (“PSB”) (OTCQX:PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported second quarter earnings ending June 30, 2022 of $0.72 per share on net income of $3.2 million, compared to earnings of $0.75 per share on net income of $3.3 million during the first quarter ending March 31, 2022, and $0.48 per share on net income of $2.1 million during the second quarter ending June 30, 2021. Prior year June 2021 quarterly net income was reduced $2.0 million by costs related to the acquisition of Sunset Bank & Savings, Waukesha, Wisconsin.