PB Bankshares, Inc.
ir.presencebank.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 14, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 17, 2026.
10-Q for Q3 FY2025, filed Nov 14, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Takes deposits and makes loans for individuals and businesses, focusing on commercial real estate, small-business lending and residential mortgages.
10-K for FY2024, filed Mar 28, 2025Presence Bank is a stock savings bank organized under the laws of the Commonwealth of Pennsylvania and is subject to comprehensive…View ↗
Our principal business consists of attracting retail and commercial deposits from the general public in our market area and investing those…View ↗
General. Our primary business has traditionally been the origination of one- to four-family residential real estate loans, most of which…View ↗
How Did They Make Money?
Most revenue comes from interest on customer loans and investment securities, with additional income from deposit service charges and other banking services.
10-K for FY2024, filed Mar 28, 2025
$1.1M
-
10-K for FY2024, filed Mar 28, 2025
$1.1M ↗
Who Were Their Customers?
Serves individual and business customers in its Pennsylvania market area through its branches, loan production offices and other banking channels.
10-K for FY2024, filed Mar 28, 2025Presence Bank is a stock savings bank organized under the laws of the Commonwealth of Pennsylvania and is subject to comprehensive…View ↗
We conduct our business from our main office and three branch offices, which are located in Chester and Lancaster Counties, Pennsylvania.…View ↗
The Company’s financial results are considered to be aggregated into one reportable operating segment with revenue derived from the…View ↗
Did Revenues Turn Into Profits?
Yes. Its net income in FY2024 was larger than its revenue and turned 130 cents into free cash flow.
How Were They Changing?
-
Jul 7, 2025
Agreed to merge with Norwood Financial
PB Bankshares would merge into Norwood, and Presence Bank into Wayne Bank, subject to required approvals and other conditions.
Sources
8-K, filed Jul 7, 2025
On July 7, 2025, PB Bankshares (“PBB”) and its wholly-owned subsidiary, Presence Bank, entered into an Agreement and Plan of Merger (the…View ↗
Grew. Revenue grew 2.2x in 4 years, from $491K in FY2020 to $1.1M in FY2024, about 22% a year.
Commercial deposits
The latest report describes attracting both retail and commercial deposits; the older report described attracting retail deposits from the market area.
10-K for FY2021, filed Mar 25, 2022 10-K for FY2024, filed Mar 28, 2025Our principal business consists of attracting retail deposits from the general public in our market area and investing those deposits…View ↗
Our principal business consists of attracting retail and commercial deposits from the general public in our market area and investing those…View ↗
Commercial lending
The older report said the bank had begun developing its commercial lending infrastructure; the latest says it has developed that infrastructure to expand commercial lending.
10-K for FY2021, filed Mar 25, 2022 10-K for FY2024, filed Mar 28, 2025From our founding in 1919 until 2019, we operated as a traditional thrift institution, offering primarily residential mortgage loans and…View ↗
From our founding in 1919 until 2019, we operated as a traditional thrift institution, offering primarily residential mortgage loans and…View ↗
Loading...
