PSB Holdings Inc. (PSBH, Financial) filed Annual Report for the period ended 2012-06-30.
Psb Holdings, Inc. has a market cap of $68.1 million; its shares were traded at around $4.4 with a P/E ratio of 11.7 and P/S ratio of 6.2. The dividend yield of Psb Holdings, Inc. stocks is 4.3%.
Because we originate a significant number of mortgage loans secured by residential real estate, decreases in real estate values could adversely affect the value of property used as collateral for such loans. At June 30, 2012, loans secured by real estate represented 98.3% of our total loans, substantially all of which are secured by properties located in Windham County. Adverse changes in the economy also may have a negative effect on the ability of our borrowers to make timely repayments of their loans, which would have an adverse impact on our earnings. As of June 30, 2012, the unemployment rate in Windham County, Connecticut was 9.9%, and the New London County unemployment rate was 8.5% compared to the national unemployment rate of 8.2% and the unemployment rate for Connecticut as a whole of 8.1%.
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Psb Holdings, Inc. has a market cap of $68.1 million; its shares were traded at around $4.4 with a P/E ratio of 11.7 and P/S ratio of 6.2. The dividend yield of Psb Holdings, Inc. stocks is 4.3%.
Highlight of Business Operations:
The risk-based capital standard for savings associations requires the maintenance of Tier 1 (core) and total capital (which is defined as core capital and supplementary capital) to risk-weighted assets of at least 4% and 8%, respectively. In determining the amount of risk-weighted assets, all assets, including certain off-balance sheet assets, are multiplied by a risk-weight factor of 0% to 100%, assigned by federal regulations based on the risks believed inherent in the type of asset. Core capital is defined as common stockholders equity (including retained earnings), certain noncumulative perpetual preferred stock and related surplus and minority interests in equity accounts of consolidated subsidiaries, less intangibles other than certain mortgage servicing rights and credit card relationships. The components of supplementary capital currently include cumulative preferred stock, long-term perpetual preferred stock, mandatory convertible securities, subordinated debt and intermediate preferred stock, the allowance for loan and lease losses limited to a maximum of 1.25% of risk-weighted assets and up to 45% of net unrealized gains on available-for-sale equity securities with readily determinable fair market values. Overall, the amount of supplementary capital included as part of total capital cannot exceed 100% of core capital. Additionally, a savings association that retains credit risk in connection with an asset sale may be required to maintain additional regulatory capital because of the recourse back to the savings association. Putnam Bank does not typically engage in asset sales.Because we originate a significant number of mortgage loans secured by residential real estate, decreases in real estate values could adversely affect the value of property used as collateral for such loans. At June 30, 2012, loans secured by real estate represented 98.3% of our total loans, substantially all of which are secured by properties located in Windham County. Adverse changes in the economy also may have a negative effect on the ability of our borrowers to make timely repayments of their loans, which would have an adverse impact on our earnings. As of June 30, 2012, the unemployment rate in Windham County, Connecticut was 9.9%, and the New London County unemployment rate was 8.5% compared to the national unemployment rate of 8.2% and the unemployment rate for Connecticut as a whole of 8.1%.
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