Potomac Bancshares, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 04, 2019 at 10:17 pm IST
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Potomac Bancshares, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 4.098 million compared to USD 3.739 million a year ago. Net income was USD 917,000 compared to USD 817,000 a year ago. Basic earnings per share was USD 0.22 compared to USD 0.23 a year ago. For the nine months, net interest income was USD 12.088 million compared to USD 10.927 million a year ago. Net income was USD 2.354 million compared to USD 2.724 million a year ago. Basic earnings per share was USD 0.57 compared to USD 0.8 a year ago.
Potomac Bancshares, Inc. is the one bank holding company of Bank of Charles Town (BCT), also known as The Community's Bank. BCT is a locally owned community bank with nine full-service offices and one loan production office serving the Eastern Panhandle of West Virginia, Washington County, Maryland and Loudoun County, Virginia. Its personal banking services include personal checking; savings, Certificates of Deposit (CD) and Individual Retirement Accounts (IRA); Centsables financial education; online and mobile banking; Convenience services; home equity lending; personal loans; consumer credit cards; account opening service, and others. The Companyâs business banking services include specialties, commercial loans, small business administration (SBA) lending, business checking solutions, management, Autobooks, online and mobile banking, business credit cards and others. It offers fixed and adjustable-rate mortgages, construction loans, and VA, FHA, and USDA options.