Bank of Botetourt Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2019
January 30, 2020 at 07:12 pm IST
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Bank of Botetourt reported unaudited Consolidated earnings results for the fourth quarter and year ended December 31, 2019. For the quarter, the company reported total interest income of $5,571,000 against $4,867,000 a year ago. Net interest income was $4,285,000 against $3,950,000 a year ago. Net income was $1,238,000 against $836,000 a year ago. Basic earnings per share was $0.72 against $0.57 a year ago.
For the year, the company reported total interest income of $21,306,000 against $18,441,000 a year ago. Net interest income was $16,685,000 against $15,252,000 a year ago. Net income was $4,979,000 against $4,300,000 a year ago. Basic earnings per share was $2.90 against $2.98 a year ago.
Bank Of Botetourt (the Bank), provides various commercial banking services to individuals and small to medium-sized businesses located in Virginia. The Bank operates thirteen retail offices in Botetourt, Rockbridge, Roanoke, and Franklin counties, the City of Salem, and the Town of Vinton, all in Virginia. The Bank also operates a mortgage division, Virginia Mountain Mortgage, and a financial services division. The Bank provides checking and savings accounts, money market accounts, and certificates of deposit. It also offers real estate loans, including single and multifamily housing loans, farm loans, residential and commercial construction loans, and loans for commercial real estate, agricultural production loans, commercial loans, and consumer loans, such as loans for household expenditures, auto loans, and other associated services.
BANK OF BOTETOURT 
