SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 _________________________ Date of Report (date of earliest event reported): APRIL 22, 2003 PSB HOLDINGS, INC. (Exact name of registrant as specified in its charter) WISCONSIN 0-26480 39-1804877 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification incorporation) Number) 1905 W. STEWART AVENUE WAUSAU, WI 54401 (Address of principal executive offices, including Zip Code) (715) 842-2191 Registrant's telephone number, including area code INFORMATION TO BE INCLUDED IN THE REPORT ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On April 22, 2003, PSB Holdings, Inc. reported net income of $1,224,000, or $.73 per share, for the first quarter ended March 31, 2003, as compared to net earnings of $958,000, or $.57 per share, for the first quarter ended March 31, 2002. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS. 99.1 Press release dated April 22, 2003 ITEM 9. REGULATION FD DISCLOSURE On April 22, 2003, PSB Holdings, Inc. issued a press release announcing its earnings for the first quarter ended March 31, 2003, a copy of which is attached hereto as Exhibit 99.1 and incorporated in this Item 9 by reference. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On April 22, 2003, PSB Holdings, Inc. issued a press release announcing its earnings for the first quarter ended March 31, 2003, a copy of which is attached hereto as Exhibit 99.1 and incorporated in this Item 12 by reference. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PSB HOLDINGS, INC. Date: April 22, 2003 By: SCOTT M. CATTANACH Scott M. Cattanach Treasurer EXHIBIT INDEX TO FORM 8-K OF PSB HOLDINGS, INC. DATED APRIL 22, 2003 Pursuant to Section 102(d) of Regulation S-T (17 C.F.R. Section 232.102(d)) 99.1 PRESS RELEASE DATED APRIL 22, 2003