948368--3/15/2010--PSB_HOLDINGS_INC

related topics

{loss, insurance, financial}

{loan, real, estate}

{regulation, change, law}

{tax, income, asset}

{competitive, industry, competition}

{operation, natural, condition}

{condition, economic, financial}

{financial, litigation, operation}

{system, service, information}

{acquisition, growth, future}

{stock, price, share}

{control, financial, internal}

{personnel, key, retain}

{provision, law, control}

We are subject to interest rate risk. We are subject to credit risk. We are subject to regulatory risk. Various factors may cause our allowance for loan losses to increase. We are subject to liquidity risk. Disruptions in financial markets may adversely affect us. We operate in a highly competitive industry and market areas. Our profitability depends significantly on economic conditions in the central and northern Wisconsin geographic regions in which we operate. Failure to comply with government regulations or changes in government regulation and supervision policies could increase our costs, limit our operations, and increase competition. Failure to maintain regulatory capital levels deemed to be well capitalized could limit our availability of wholesale funding and the level of rates that may be paid to local depositors, reducing our liquidity, increasing our costs, and limiting our ability to achieve asset growth. We are subject to deposit insurance premiums and assessment by the FDIC to capitalize the Deposit Insurance Fund used to protect depositors in the event of a bank failure. Potential acquisitions may disrupt our business and dilute shareholder value. Our funding costs may increase if consumers decide not to use banks as their primary source to invest liquid or other personal assets. We may lose fee income and deposits if a significant portion of consumers decide not to use banks to complete their financial transactions. We may not be able to attract and retain skilled people. We may not be able to implement new technologies necessary to remain competitive with other financial institutions. Our information systems may experience an interruption or breach in security. We are subject to operational risk. Our internal controls and procedures may fail or be circumvented. Unexpected liabilities resulting from current or future claims or contingencies may have a material adverse effect on the Company s business, financial condition, and results of operations. We rely on dividends from our Peoples State Bank subsidiary for virtually all of our funds. Investors may not be able to liquidate their PSB common stock when desired because there is no active public trading market for PSB stock. Our articles of incorporation could make more difficult or discourage an acquisition of PSB. Our earnings may be adversely affected by changes in accounting principles and in tax laws. Severe weather, natural disasters, acts of war or terrorism, and other external events could significantly impact our business.

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948368--3/15/2010--PSB_HOLDINGS_INC_/WI/