Bank of Botetourt Reports Unaudited Financial Results for the Three Months Ended March 31, 2021
April 30, 2021 at 06:00 pm IST
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Buchanan-based Bank of Botetourt announced its unaudited financial results for the three months ended March 31, 2021. For the quarter, Total Interest income was $5,636,000 against $5,538,000 reported a year ago. Net Interest income was $4,790,000 against $4,264,000 reported a year ago. Income before income taxes was $2,495,000 against $1,300,000 reported a year ago. Net Income was $1,980,000 against $1,038,000 reported a year ago. Basic earnings per share was $1.14 against $0.60 reported 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 
