Brief: Pb Bankshares - Presence Bank's Average Life Of Maturity Of Securities Is Short At 1.39 Yrs, Unrealized Loss Is 4.2% Of Our Capital As Of Dec 31, 2022

PB Bankshares

24/03/2023 20:28

March 24 (Reuters) - PB Bankshares Inc  PBBK.O :
    * PB BANKSHARES - PRESENCE BANK'S AVERAGE LIFE OF MATURITY
OF
SECURITIES IS SHORT AT 1.39 YRS, UNREALIZED LOSS IS 4.2% OF OUR
CAPITAL AS OF DEC 31, 2022
    * PB BANKSHARES - WE HAVE NO INTENTION TO LIQUIDATE
SECURITIES
PORTFOLIO BUT IF WE LIQUIDATED PORTFOLIO, WE BELIEVE IMPACT TO
CAPITAL WOULD BE MINIMAL
    * PB BANKSHARES - PRESENCE BANK HAS THE ABILITY TO INSURE
DEPOSITS
BALANCES OVER $250,000 THAT ARE FULLY FDIC INSURED


Further company coverage:  PBBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))