PB Bankshares, Inc. (PBBK): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind PB Bankshares, Inc. (PBBK), a community bank with over a century of history? With a strategy focused on personalized service and a deep understanding of its local marketplace, but how exactly does this bank operate and generate revenue? Keep reading to discover the history, ownership structure, mission, and business model that drive PB Bankshares, Inc., a company with a $38.01 million market cap as of April 2025.

PB Bankshares, Inc. (PBBK) History

PB Bankshares, Inc. Founding Timeline

Year established

PB Bankshares, Inc. was established in 1905.

Original location

The bank's original location was in Philippi, West Virginia.

Founding team members

The founders included prominent local figures such as:

• T.A. Hall
• J.A. Dadisman
• Waitman C. Phillips

Initial capital/funding

The initial capital was $25,000.

PB Bankshares, Inc. Evolution Milestones

PB Bankshares, Inc. Transformative Moments

PB Bankshares, Inc. has undergone several transformative moments that have shaped its trajectory:

• Strategic Acquisitions: The acquisitions of the 1st National Bank of Belington and the Citizens National Bank of Parsons significantly expanded the bank's market presence and service capabilities.
• Holding Company Formation: The formation of PB Bankshares, Inc. as a holding company in 2003 streamlined operations and strategic decision-making.
• Branch Expansion: The opening of loan production offices and branches in Bridgeport, Elkins, and Fairmont extended the bank's reach and ability to serve a wider customer base.
• Leadership Transition: The appointment of Andrew Michael Queen as President and CEO in 2021 marked a pivotal moment, bringing new leadership and vision to the organization.

To gain further insights into the financial health of PB Bankshares, Inc., consider exploring this detailed analysis: Breaking Down PB Bankshares, Inc. (PBBK) Financial Health: Key Insights for Investors

PB Bankshares, Inc. (PBBK) Ownership Structure

PB Bankshares, Inc. features a blend of institutional, insider, and retail ownership, influencing its corporate governance and strategic direction.

PB Bankshares, Inc.'s Current Status

PB Bankshares, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. This allows for a broad base of investors, from individuals to large institutions, to own a portion of the company. Being publicly traded brings increased scrutiny and regulatory requirements, including regular financial reporting and adherence to corporate governance standards.

PB Bankshares, Inc.'s Ownership Breakdown

Understanding the ownership structure of PB Bankshares, Inc. provides valuable insights into who has influence over the company's decisions. Here's a breakdown of the ownership composition:

PB Bankshares, Inc.'s Leadership

The leadership team at PB Bankshares, Inc. is responsible for setting the strategic direction of the company and overseeing its day-to-day operations. Understanding who these individuals are and their backgrounds can provide insight into the company's values and priorities. Key members of the leadership team include:

• Robert E. Clarke: Director
• William H. Beale: Director

For more in-depth insights into PB Bankshares, Inc.'s investor profile, explore: Exploring PB Bankshares, Inc. (PBBK) Investor Profile: Who’s Buying and Why?

PB Bankshares, Inc. (PBBK) Mission and Values

PB Bankshares, Inc. strives to deliver value to its shareholders, customers, and communities by providing comprehensive financial services and maintaining a strong commitment to integrity and community development. The company's values emphasize customer satisfaction, employee growth, and ethical conduct, guiding its operations and strategic decisions.

PB Bankshares, Inc.'s Core Purpose

Official mission statement

PB Bankshares, Inc.'s mission statement is to operate as a strong, independent community bank, dedicated to providing financial solutions and building lasting relationships within the communities it serves. The key elements of their mission include:

• Community Focus: Emphasizing a commitment to local communities through financial support and community involvement.
• Customer Relationships: Building strong, lasting relationships by understanding and meeting the financial needs of their customers.
• Financial Solutions: Providing a range of financial products and services tailored to the needs of individuals and businesses.
• Independent Operation: Maintaining independence to ensure decisions are made in the best interest of their customers and communities.

Vision statement

PB Bankshares, Inc. envisions being the leading community bank in its region, recognized for its exceptional customer service, innovative financial solutions, and commitment to community development. The vision includes:

• Leading Community Bank: Aspiring to be the top choice for banking services in the region.
• Exceptional Customer Service: Setting a high standard for customer satisfaction through personalized service and attention.
• Innovative Financial Solutions: Continuously developing and offering new and improved financial products and services.
• Community Development: Actively contributing to the growth and prosperity of the communities they serve.

Company slogan/tagline

PB Bankshares, Inc.'s tagline, though not explicitly formalized in the same manner as mission and vision statements, often reflects its commitment to community and customer relationships. Common themes in their messaging include:

• 'Your Community, Your Bank': This emphasizes their local focus and dedication to serving the community's financial needs.
• 'Building Relationships, Delivering Solutions': This highlights their commitment to customer service and providing effective financial products.
• 'Investing in Our Community': This underscores their role in supporting local growth and development.

For more detailed information, you can explore: Mission Statement, Vision, & Core Values of PB Bankshares, Inc. (PBBK).

PB Bankshares, Inc. (PBBK) How It Works

PB Bankshares, Inc. operates as the bank holding company for Peoples Bank, providing a range of community banking services to individuals and businesses.

PB Bankshares, Inc.'s Product/Service Portfolio

PB Bankshares, Inc.'s Operational Framework

PB Bankshares, Inc. focuses on delivering personalized banking services through a network of community bank branches and digital channels. Key operational aspects include:

• Loan Origination and Management: Evaluating credit risk and managing loan portfolios to ensure profitability and minimize losses.
• Deposit Gathering: Attracting and retaining customer deposits through competitive interest rates and superior customer service.
• Investment Management: Managing investment portfolios to maximize returns while adhering to regulatory requirements and risk management policies.
• Compliance and Risk Management: Maintaining a strong compliance framework to adhere to banking regulations and mitigate operational and financial risks.

PB Bankshares, Inc.'s Strategic Advantages

PB Bankshares, Inc. leverages several key advantages to compete effectively in the community banking sector:

• Community Focus: Strong local presence and commitment to serving the needs of the communities in which it operates.
• Customer Relationships: Emphasis on building long-term relationships with customers by providing personalized service and tailored financial solutions.
• Experienced Management Team: Experienced leadership team with a deep understanding of the banking industry and the local market.
• Digital Capabilities: Investment in technology to enhance the customer experience and improve operational efficiency.

To gain more insights into the ownership and investor profile, check out: Exploring PB Bankshares, Inc. (PBBK) Investor Profile: Who’s Buying and Why?

PB Bankshares, Inc. (PBBK) How It Makes Money

PB Bankshares, Inc. primarily generates revenue through traditional banking activities, such as taking deposits and providing loans. This includes interest income from loans and investment securities, as well as fees from various banking services.

PB Bankshares, Inc.'s Revenue Breakdown

Understanding where PB Bankshares, Inc. (PBBK) derives its income offers insight into its core operations and financial health. The following table breaks down the bank's revenue streams, providing a percentage of the total and indicating whether each stream is growing, stable, or declining.

PB Bankshares, Inc.'s Business Economics

The business economics of PB Bankshares, Inc. are influenced by several key factors that drive its profitability and sustainability. These factors encompass interest rate spreads, operational efficiency, and risk management.

• Interest Rate Spreads: The bank's profitability is heavily dependent on the spread between the interest it earns on loans and investments and the interest it pays on deposits. Wider spreads typically lead to higher profits, but are subject to market interest rate fluctuations.
• Operational Efficiency: Managing operational costs is crucial. The bank focuses on streamlining processes and leveraging technology to reduce expenses and improve efficiency.
• Risk Management: Effective risk management is essential to protect the bank's assets and maintain financial stability. This includes assessing credit risk, managing liquidity, and complying with regulatory requirements.

To gain more insight into the guiding principles that shape the bank's operations and strategic direction, explore Mission Statement, Vision, & Core Values of PB Bankshares, Inc. (PBBK).

PB Bankshares, Inc.'s Financial Performance

Analyzing PB Bankshares, Inc.'s financial performance involves looking at key metrics that reflect its profitability, stability, and growth potential.

• Net Interest Margin (NIM): A key indicator of profitability, NIM measures the difference between interest income and interest expense as a percentage of earning assets. A higher NIM indicates greater profitability.
• Efficiency Ratio: This ratio measures a bank's overhead expenses as a percentage of its revenue. A lower efficiency ratio indicates better operational efficiency.
• Return on Assets (ROA): ROA measures a bank's ability to generate profit from its assets. A higher ROA indicates better performance.
• Asset Quality: Monitoring asset quality, particularly the level of non-performing loans, is crucial for assessing credit risk. Lower levels of non-performing assets indicate better asset quality.
• Capital Adequacy: Maintaining adequate capital levels is essential for absorbing losses and supporting growth. Regulatory requirements dictate minimum capital ratios that banks must maintain.

PB Bankshares, Inc. (PBBK) Market Position & Future Outlook

PB Bankshares, Inc. operates within a competitive banking landscape, striving to solidify its position through strategic initiatives and careful risk management. The company's future success hinges on capitalizing on emerging opportunities while effectively navigating potential challenges.

Competitive Landscape

Opportunities & Challenges

Industry Position

PB Bankshares, Inc. maintains a community-focused approach, differentiating itself through personalized service and local market expertise.

• Focus on building long-term relationships with customers.
• Active involvement in local community events and initiatives.
• Emphasis on providing tailored financial solutions to meet the specific needs of individuals and businesses in its service area.

To gain more insights into the financial health of PB Bankshares, Inc., consider exploring Breaking Down PB Bankshares, Inc. (PBBK) Financial Health: Key Insights for Investors.