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PB Bancorp (PBBI) Company Profile

Updated Apr 18, 2019
PB Bancorp has the following business profile:
Company's Full Name:PB Bancorp, Inc.
Short Name:PB Bancorp
Trading Ticker Symbol:PBBI
Primary Exchange:NASDAQ
Headquarter City/Country:Putnam, Connecticut
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Savings & Cooperative Banks
Dividend Payments:Dividend History

Market and Trading Information for PB Bancorp

The following details were available for trading and market data about the stock of PB Bancorp as of writing:
Current Share Price:$10.92
Previous Year's Closing Price:$10.81
Percentage Price Change (YTD):1.02%
Market Cap:$76.91 million
52-week Price Range:$10.25 - $12.2
Dividend Per Share:$0
EPS (TTM):0.58
Price-Earnings (Trailing):18.83
Price-Earnings (Forward):0

Company Profile and Business Description for PB Bancorp

PB Bancorp, Inc., incorporated on September 9, 2015, is a savings and loan holding company for Putnam Bank (the Bank). Putnam Bank is a state-chartered mutual savings bank. The Company's principal business consists of attracting deposits from the general public in the communities where its offices are located, and investing those deposits, together with funds generated from operations, primarily in loans secured by real estate, including one- to four-family residential mortgage loans and commercial real estate loans (including multi-family real estate loans). It also invests in investment securities. The Bank has approximately eight full-service banking offices and a loan origination center. The Bank has operations in Windham County and New London County, Connecticut.

Lending Activities

The Company's principal lending activity includes origination of first mortgage loans for the purchase or refinancing of one- to four-family residential real estate. It offers longer-term, fixed-rate loans (other than bi-weekly loans) in the secondary market. Its loan portfolio includes real estate loans, such as residential loans, commercial loans and residential construction loans; commercial loans, and consumer and other loans. Its residential real estate loans include one- to four-family mortgage loans, second mortgages and home equity lines of credit. Its one- to four-family residential real estate loans are primarily secured by properties located in Windham and New London Counties, Connecticut. It also offers adjustable rate mortgage loans for one- to four-family properties. As of June 30, 2016, its residential real estate loans included $7.2 million of second mortgages and $9.8 million of home equity lines of credit. As of June 30, 2016, the Company's second mortgages and lines of credit totaled $17.0 million.

The Company originates commercial real estate loans, including multi-family real estate loans. These loans are generally secured by one- to four-family non-owner occupied investment properties, multi-family real estate of approximately 20 units or less, small commercial and industrial owner and non-owner occupied properties, hotels, non-owner occupied condominiums, and commercial and industrial vacant land. As of June 30, 2016, the Company's commercial mortgage loans totaled $45.5 million. It originates construction loans to individuals for the construction and acquisition of personal residences. As of June 30, 2016, the Company's construction real estate loans totaled $1.8 million.

The Company makes commercial loans primarily in its market area to a range of professionals, sole proprietorships and small businesses. As of June 30, 2016, the Company had $9.8 million in commercial business loans. Its commercial lending products include term loans and revolving lines of credit. Its consumer loans generally consist of loans on new and used automobiles, loans secured by deposit accounts and unsecured personal loans. As of June 30, 2016, the Company's consumer loans totaled $691,000. As of June 30, 2016, the Company's net loans amounted to $251.3 million.

Investment Activities

The Company's securities portfolio includes available-for-sale securities, including the United States Government and Government-sponsored securities; corporate bonds and other securities; the United States Government-sponsored and guaranteed mortgage-backed securities; non-agency mortgage-backed securities, and equity securities. Its held-to-maturity securities include the United States Government and Government-sponsored securities, state agency and municipal obligations, and the United States Government-sponsored and guaranteed mortgage-backed securities. As of June 30, 2016, the Company's securities available-for-sale amounted to $70.4 million. As of June 30, 2016, the Company's securities held-to-maturity amounted to $144.3 million.

Sources of Funds

The Company's primary sources of funds for use in lending and investment activities are deposits. In addition to deposits, funds are derived from scheduled loan payments, investment maturities, loan prepayments, retained earnings and income on earning assets. Borrowings from the Federal Home Loan Bank of Boston and brokered certificates of deposit may be used to compensate for reductions in deposits and to fund loan growth. The Company offers a range of deposit instruments, including checking, savings, money market deposit accounts, negotiable order of withdrawal (NOW) accounts and fixed-term certificates of deposit. As of June 30, 2016, the Company's deposits totaled $356.1 million. As of June 30, 2016, the Company's Federal Home Loan Bank borrowings totaled $53.9 million.

40 Main St

Peer / Competitor Companies of Savings Institutions Sector

Along with PB Bancorp, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

▶ 1st Constitution Bancorp NJ (FCCY): 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The compa....See Detailed Company Profile  and Dividend History.

▶ Access National (ANCX): Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage ....See Detailed Company Profile  and Dividend History.

▶ ASB Bancorp (ASBB): ASB Bancorp, Inc., incorporated on May 12, 2011, is the holding company for Asheville Savings Bank (the Bank). The Companys principal business activity is the ownership of the outstanding shares ....See Detailed Company Profile  and Dividend History.

▶ Astoria Financial (AF): Astoria Financial Corporation, incorporated on June 14, 1993, is a unitary savings and loan holding company. The Companys principal business is the operation of its subsidiary, Astoria Bank. Astoria Banks ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Coast Financial (ACFC): Atlantic Coast Financial Corporation, incorporated on June 22, 2007, is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the Bank), a federally chartered and insured stock ....See Detailed Company Profile  and Dividend History.

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile  and Dividend History.

▶ Bank Mutual (BKMU): Bank Mutual Corporation, incorporated on April 28, 2003, is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged ....See Detailed Company Profile  and Dividend History.

▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile  and Dividend History.

▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile  and Dividend History.

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile  and Dividend History.

▶ Beneficial Bancorp (BNCL): Beneficial Bancorp, Inc., together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jer....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFI): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFIL): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile  and Dividend History.

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile  and Dividend History.

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile  and Dividend History.

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile  and Dividend History.

▶ Central Federal (CFBK): Central Federal Corporation operates as the bank holding company for CFBank that provides various financial services in the United States. The company accepts savings, retail and business checking, an....See Detailed Company Profile  and Dividend History.

▶ Charter Financial (CHFN): Charter Financial Corporation, incorporated on February 16, 1993, is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Banks principal business ....See Detailed Company Profile  and Dividend History.

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile  and Dividend History.

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