The bank maintains a conservative capital structure with an equity-to-assets ratio of 11%, supported by a tactical investment securities portfolio that grew from $352.9M in 2023Q2 to $383.1M in 2025Q3.
| Cash & Short Term Investments | 325.7M | 85.75M | 86.37M | 68.06M | 41.26M | 51.88M | 27.2M |
| Cash & Due from Banks | 49.89M | 35.45M | 18.26M | 16.02M | 15.61M | 26M | 4.34M |
| Short Term Investments | 30.19M | 50.3M | 68.11M | 52.05M | 25.65M | 25.88M | 22.86M |
| Total Investments | 383.09M | 395.92M | 390.29M | 353.66M | 275.69M | 212.79M | 194.91M |
| Investments Growth % | 12.37% | 1.44% | 10.36% | 28.28% | 29.56% | 9.17% | - |
| Long-Term Investments | 1.42B | 345.62M | 322.18M | 301.62M | 250.04M | 186.91M | 172.05M |
| Accounts Receivables | 353.65M | 1.27M | 1.25M | 1.12M | 852K | 851K | 514K |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 2.01M | 2.08M | 2.06M | 1.69M | 1.95M | 2.11M | 1.69M |
| Other Assets | -359.33M | 15.04M | 26.16M | 12.39M | 19.88M | 32.91M | 14.91M |
| Total Current Assets | 433.73M | 87.01M | 87.62M | 69.19M | 42.11M | 52.73M | 27.71M |
| Total Non-Current Assets | 2.01M | 364.3M | 352.12M | 317.36M | 272.82M | 222.6M | 189.17M |
| Total Assets | 456.44M | 451.32M | 439.75M | 386.55M | 314.93M | 275.32M | 216.88M |
| Asset Growth % | 10.48% | 2.63% | 13.76% | 22.74% | 14.38% | 26.94% | - |
| Return on Assets (ROA) | 0.5% | 0.4% | 0.46% | 0.6% | 0.27% | -0.17% | 0.36% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 45.11M | 42.46M | 55.1M | 47.64M | 16.68M | 20.55M | 26.03M |
| Net Debt | -4.79M | 7.01M | 36.85M | 31.62M | 1.07M | -5.45M | 21.7M |
| Long-Term Debt | 43.59M | 42.46M | 55.1M | 47.64M | 16.68M | 20.55M | 26.03M |
| Short-Term Debt | 1.56M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 6.45M | 6.01M | 4.69M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 355.04M | 354.19M | 332.97M | 292.92M | 252.41M | 232.8M | 168.65M |
| Total Non-Current Liabilities | 50.04M | 48.47M | 59.79M | 47.64M | 16.68M | 20.55M | 26.03M |
| Total Liabilities | 405.08M | 402.66M | 392.76M | 340.56M | 269.1M | 253.35M | 194.68M |
| Total Equity | 51.35M | 48.66M | 46.99M | 45.99M | 45.83M | 21.97M | 22.2M |
| Equity Growth % | 25.14% | 3.55% | 2.18% | 0.33% | 108.63% | -1.05% | - |
| Equity / Assets (Capital Ratio) | 11.25% | 10.78% | 10.69% | 11.9% | 14.55% | 7.98% | 10.24% |
| Return on Equity (ROE) | 4.63% | 3.71% | 4.13% | 4.6% | 2.32% | -1.88% | 3.51% |
| Book Value per Share | 0.54 | 20.82 | 18.89 | 17.92 | 17.94 | 7.91 | 7.99 |
| Tangible BV per Share | 0.54 | 20.82 | 18.89 | 17.92 | 17.94 | 7.91 | 7.99 |
| Common Stock | 24K | 24K | 26K | 27K | 28K | 0 | 0 |
| Additional Paid-in Capital | 23.35M | 22.93M | 24.11M | 25.72M | 26.18M | 0 | 0 |
| Retained Earnings | 29.96M | 28.33M | 26.56M | 24.78M | 22.66M | 21.88M | 22.3M |
| Accumulated OCI | 340K | -305K | -1.25M | -1.93M | -282K | 89K | -92K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE concentration and NIM
According to recent financial disclosures, PBBK has grown total assets from $412.6M in 2023Q2 to $456.4M in 2025Q3, primarily driven by a tactical expansion of the investment securities portfolio, which rose from $352.9M to $383.1M over the same period, suggesting a cautious approach to organic loan growth.
The bank's asset trajectory appears heavily weighted toward securities rather than traditional loan book expansion, which may indicate a strategy to maintain liquidity while awaiting more favorable credit conditions. This shift suggests that management is prioritizing balance sheet stability over aggressive lending, potentially to preserve capital ratios during the current expansion phase.
As reported in quarterly filings, PBBK has maintained a consistent equity-to-assets ratio of approximately 11% over the last ten quarters, demonstrating a disciplined approach to capital preservation that provides a stable foundation for the bank's ongoing geographic expansion into new loan production offices.
The stability of the equity-to-assets ratio suggests that the bank is successfully managing its capital base despite the operational costs of its recent modernization efforts. Investors should monitor whether this capital adequacy remains sufficient to support further growth without requiring external financing, which could dilute existing shareholders.
Based on the bank's reported figures, cash and cash equivalents have exhibited significant volatility, swinging from $18.3M in 2023Q4 to $49.9M in 2025Q3, reflecting a highly active management of liquid assets to navigate the bank's evolving funding requirements and investment strategy.
The fluctuation in cash levels appears to be a byproduct of the bank's tactical approach to managing its securities portfolio, which serves as the primary liquidity buffer. This reliance on securities for liquidity may expose the bank to market price risk, warranting further investigation into the duration and interest rate sensitivity of the investment book.
Financial statements indicate that PBBK's net interest margin has remained compressed at 0.7% for three consecutive quarters, suggesting that the bank's reliance on a large securities portfolio may be creating a duration mismatch that limits profitability in the current interest rate environment.
The persistent margin compression implies that the yield on the bank's assets is not keeping pace with the cost of funding, which may be exacerbated by the bank's heavy concentration in securities. This structural challenge suggests that the bank's current business model may be vulnerable to further rate volatility, necessitating a closer look at the repricing characteristics of its assets.
Quick answers to the most common questions about buying PBBK stock.
As of 2024, PB Bankshares, Inc. (PBBK) had total assets of $451.3M including $87.0M in current assets.
PB Bankshares, Inc. (PBBK) carries total debt of $42.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
PB Bankshares, Inc. (PBBK) has total shareholders' equity (book value) of $48.7M ($20.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
PB Bankshares, Inc. (PBBK) reported a current ratio of 0.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.