PNSB — what changed in the latest 10-Q
A section-by-section comparison of PNSB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +38 | −26 | ~34 | 34 |
| Market risk (Item 3) | Text added/removed | +38 | −26 | ~34 | 33 |
| Controls & procedures | Text added/removed | +38 | −26 | ~34 | 33 |
| Legal proceedings | Text added/removed | +38 | −26 | ~34 | 33 |
| Risk factors | Text added/removed | +38 | −26 | ~34 | 33 |
| Other information | Text added/removed | +38 | −26 | ~34 | 32 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-14
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
See accompanying notes to condensed consolidated financial statements.
Provision for (recovery of) credit losses on unfunded loan commitments
See accompanying notes to condensed consolidated financial statements.
Condensed Consolidated Statements of Comprehensive Income (unaudited)
Text removed vs the prior filing · source: 10-Q · 2026-05-15
PSB Financial, Inc. (the “Company” or “we”) is a newly formed Maryland corporation that was organized for the purpose of becoming the holding company for Pioneer State Bank (the “Bank”) in connection with the conversion of Pioneer Federal Savings and Loan Association (the “Association”) from a mutua…
The Stock Offering and conversion have not yet been consummated. Accordingly, as of March 31, 2026, the Company had no substantive operations, and the Association continued to operate as a mutual savings association. Likewise, the Bank had not commenced operations as the surviving entity of the conv…
The unaudited condensed financial statements and other financial information contained in this report should be read in conjunction with the Association’s audited financial statements and related notes as of and for the years ended December 31, 2025 and 2024, which are included in the Company’s regi…
Pioneer Federal Savings and Loan Association (the “Association”) provides a variety of financial services to individuals and corporate members through its branches in Dillon and Deer Lodge, Montana. The Association’s primary source of revenue is residential single-family loans.
On September 11, 2025, the Association formed Pioneer State Bank, a Montana state-chartered banking entity (the “Bank”), for the purpose of facilitating the Association’s conversion from a mutual form of organization to a stock form of organization through the merger of the Association with and into…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice