PB Bankshares is the holding company for Presence Bank, a community bank based in Coatesville, Pennsylvania, with $451M in total assets. Presence Bank takes deposits from individuals and businesses and deploys that capital into loans, earning the spread between deposit costs and loan yields. The bank is transitioning from a traditional thrift — focused on residential mortgages and savings accounts since its 1919 founding — into a commercial lending franchise targeting small businesses. CRE loans now make up 59% of the loan portfolio, residential real estate has declined to 30%, and C&I loans are a smaller but growing segment at 6%. The strategic logic is straightforward: commercial loans carry higher yields than the long-duration residential mortgages the bank historically held, improving asset returns. On the funding side, the bank relies heavily on certificates of deposit (~46% of average deposits), and is working to grow lower-cost commercial demand and money market accounts to reduce funding costs. Presence Bank operates from four offices and two loan production offices across Chester, Lancaster, and Dauphin Counties in Pennsylvania. To support growth, the bank has been adding loan production offices and plans to open one or two more in adjacent markets. The bank also holds a ~$50M securities portfolio of Treasuries and agency securities for liquidity and supplemental income.