**UNITED STATESSECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549** **Form 10-K/A**   þ **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934****For the fiscal year ended December 31, 2006****OR**   o **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934****For the transition period from                      to                     ****Commission file number: 001-33188** **WSB Financial Group, Inc.***(Exact name of registrant as specified in its charter)*   **Washington** **20-3153598***(State of incorporation or organization)* *(I.R.S. Employer Identification No.)*   **607 Pacific Avenue**  **Bremerton, Washington** **98337***(Address of principal executive offices)* *(Zip Code)*Registrant’s telephone number, including area code: **(360) 405-1200**Securities registered pursuant to Section 12(b) of the Act:   **Title of each class** **Name of each exchange on which registered**   Common Stock ($1.00 par value) The NASDAQ Stock Market LLCSecurities registered pursuant to Section 12(g) of the Act: NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes o No þIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes o No þIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o No þIndicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, andwill not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form 10-K. þIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. Seedefinition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):Large accelerated filer o     Accelerated Filer o     Non-accelerated Filer þIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes o No þAs of March 15, 2007, 5,554,886 shares of the registrant’s common stock were outstanding. The aggregate market value of sharesof common stock held by non-affiliates as of December 31, 2006was $88,617,082 (based upon the closing sales price of $19.20 pershare).**DOCUMENTS INCORPORATED BY REFERENCE**Portions of Annual Report to Shareholders for fiscal year ended December 31, 2006 – Part II.Portions of Definitive Proxy Statement to be filed with the Securities and Exchange Commission, relating to the 2007 AnnualMeeting of Shareholders, to be held on May 16, 2007 – Part III.  
 

 
**EXPLANATORY NOTE**     This amendment is being filed because the following Statement of Income wasinadvertently admitted from Note 15 — Condensed Financial Statements of ParentCompany, in Exhibit 13 of the original filing.**Note 15 — Condensed Financial Statements of Parent Company (continued)****Statement of Income**               For the Period   Year Ended  from inception   December 31,  (July 25, 2005) to   2006  December 31, 2005 Income        Interest income $17,003  $5,368                 Total income  17,003   5,368          Operating expenses        Interest expense  565,486   178,529 Other expense  10,058   11,256                 Total operating expenses  575,544   189,785          Net Loss before income tax benefit  (558,541)  (184,417)         Income tax benefit  189,900   62,000                 Loss before equity in undistributed net income ofWestsound Bank  (368,641)  (122,417)         Equity in undistributed net income of Westsound Bank  4,253,324   810,100                 Net income $3,884,683  $687,683        
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   **Exhibit**  **Number** **Exhibit Index** 3.1+ Articles of Incorporation of WSB Financial Group, Inc.   3.2+ Articles of Amendment   3.3+ Bylaws of WSB Financial Group, Inc.   3.4+ Amendment to Bylaws   10.1*+ 1999 Stock Option Plan   10.2*+ Forms of 1999 Incentive Stock Option Plan Agreements   (a)+ Directors   (b)+ Employees   10.3+ Lease for Port Orchard branch, dated May 28, 2001   10.4+ Lease for Silverdale branch, dated October 1, 2001 and October 1, 2003   10.5+ Lease for Gig Harbor branch, dated March 2, 2004   10.6+ Lease for Federal Way branch, dated March 30, 2005   10.7+ Lease for Belfair LPO, dated December 13, 2005   10.8+ Lease for Port Townsend LPO, dated August 18, 2006   10.9†+ Agreement between Westsound Bank and Fiserv Solutions Inc. dated August 11, 2006   10.10*+ Westsound Bank 401(k) Profit Sharing Plan  Placement Agreement among the registrant, WSB Financial Group Trust I and Cohen   10.11+ Bros. & Company dated July 25, 2005   10.12+ Indenture by and between the registrant and JPMorgan Chase Bank, NationalAssociation, dated July 27, 2005   10.13+ Guarantee Agreement by and between the registrant and JPMorgan Chase Bank, NationalAssociation, dated July 27, 2005   10.14*+ Employment Agreement with David K. Johnson   10.15*+ Employment Agreement with Mark D. Freeman   10.16*+ Form of Employment Agreement with other executive officers   10.17+ Form of Indemnification Agreement with directors   10.18+ Audit Committee Charter
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   **Exhibit**  **Number** **Exhibit Index** 10.19+ Compensation Committee Charter   10.20+ Corporate Governance/Nominating Committee Charter   11++ Schedule setting forth computation of earnings per share for the five fiscal yearsended December 31, 2006.   13++ Portions of the Annual Report to Shareholders for the fiscal year ended December 31,2006, are incorporated by reference herein.   14++ Code of Ethics and Professional Conduct   21++ Subsidiaries of the registrant   23 Consent of Independent Registered Public Accounting Firm, Moss Adams LLP   31.1 Certification of Chief Executive Officer.   31.2 Certification of Chief Financial Officer.   32.1 Certification (of David K. Johnson) pursuant to 18 U.S.C. Section 1350, as adoptedpursuant to Section 906 of the Sarbanes-Oxley Act of 2002.   32.2 Certification (of Mark D. Freeman) pursuant to 18 U.S.C. Section 1350, as adoptedpursuant to Section 906 of the Sarbanes-Oxley Act of 2002. * Compensatory plan or arrangement † Confidential treatment has been requested with respect to certainportions of this exhibit. Omitted portions have been filed separatelywith the Securities and Exchange Commission. + Previously filed with the Company’s Amendment No. 5 to the S-1registration statement filed with the Securities and ExchangeCommission on December 8, 2006, file no. 333-137058. ++ Previously filed with the Company’s Form 10-K filed withthe Securities and Exchange Commission on March 28, 2007, file no.001-33188.
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**SIGNATURES**     Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,the Company has duly caused this report to be signed on its behalf by the undersigned, thereuntoduly authorized.      WSB FINANCIAL GROUP, INC.