/PRNewswire/ PSB Holding Corp. (OTC-QX: PSBP) (the "Company"), the parent company of Provident State Bank, Inc. ("Provident" or the "Bank"), reported record.
/PRNewswire/ PSB Holding Corp. (OTC-QX: PSBP) (the "Company"), the parent company of Provident State Bank, Inc. ("Provident" or the "Bank"), reported record.
/PRNewswire/ PSB Holding Corp. (OTC-QX: PSBP) (the "Company"), the parent company of Provident State Bank, Inc. ("Provident" or the "Bank"), reported net.
PSB Holding Corp Reports Record Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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PRESTON, Md., April 28, 2021 /PRNewswire/ PSB Holding Corp. (OTC-QX: PSBP), the parent company of Provident State Bank, Inc. ( Provident ), reported net income of $1.21 million ($.79 per diluted common share) for the first quarter ended March 31, 2021, compared to $1.44 million ($.94 per diluted common share) for the fourth quarter 2020 and $940,000 ($.61 per diluted common share) for the first quarter 2020.
When comparing net income for the first quarter 2021 to the fourth quarter 2020, net income decreased $229,000 primarily as a result of a decrease in mortgage banking activity driven by increasing long-term rates during the first quarter 2021. Specifically, gain on sale of loans decreased $242,000 on a linked-quarter basis.