PSB HOLDINGS, INC. ACQUISITION OF MARATHON STATE BANK (Tables)

3 Months Ended

Mar. 31, 2013

Psb Holdings Inc. Acquisition Of Marathon State Bank Tables

Schedule of Acquisition

Cash purchase price	$	5,505
Fair value of assets acquired:
Cash and due from banks		20,392
Securities available for sale		50,547
Loans receivable		23,760
Short-term commercial paper and bankers’ acceptances		11,713
Foreclosed assets		0
Premises and equipment		402
Core deposit intangible		0
Accrued interest receivable and other assets		550
Total fair value of assets acquired		107,364
Fair value of liabilities assumed:
Non-interest bearing deposits		23,255
Interest-bearing deposits		77,611
Accrued interest payable and other liabilities		142
Total fair value of liabilities assumed		101,008
Fair value of net assets acquired		6,356
Gain on bargain purchase	$	851

Schedule of Pro Forma Summary Financial Information Including Acquisition of Marathon State Bank

Results of operations of the quarterly period ended March 31, 2013:

		Quarter ended March 31, 2013
		Net interest		Noninterest		Net		Earnings
($000s)		income		income		income		per share
	PSB Holdings, Inc.	$	5,201	$	1,415	$	1,609	$	0.97

Pro forma combined results of operations as if the combination occurred at the beginning of the quarterly period ended March 31, 2012:

	Quarter ended March 31, 2012 (pro forma combined at beginning of period)
	Net interest		Noninterest		Net		Earnings
($000s)	income		income		income		per share
PSB Holdings, Inc.	$	4,816	$	1,242	$	1,180	$	0.70
Marathon State Bank		426		12		77		0.06
Pro forma Totals	$	5,242	$	1,254	$	1,257	$	0.76