Touchstone Bankshares Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 30, 2021 at 05:36 am IST
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Touchstone Bankshares Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 4.647 million compared to USD 4.283 million a year ago. Net income was USD 834,000 compared to USD 1.063 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.32 a year ago. For the full year, net interest income was USD 17.857 million compared to USD 17.146 million a year ago. Net income was USD 2.289 million compared to USD 3.286 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.98 a year ago.
Touchstone Bank (the Bank) is a local community bank. The Bank provides depository and lending services to customers primarily within the counties of Dinwiddie, Chesterfield and Prince George and the cities of Colonial Heights, Hopewell, and Petersburg. The Bank offers a range of services, including personal, business, loans, services and tools, and wealth management. The Bank's personal and business services include checking account, savings account, loans, and credit card services. The Bank's services and tools include account services, treasury services and various tools. The Bank provides investment, and insurance products and services through its subsidiary, Infinex Investments, Inc. The Bank also provides networking solutions to Virginia community banks through its subsidiary, McKenney Group, LLC. The Bank has approximately 10 branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina.
TOUCHSTONE BANKSHARES, INC. 
