Potomac Bancshares, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 03, 2020 at 09:06 pm
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Potomac Bancshares, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 4.493 million compared to USD 4.098 million a year ago. Net income was USD 1.098 million compared to USD 917,000 a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.22 a year ago. For the nine months, net interest income was USD 13.140 million compared to USD 12.088 million a year ago. Net income was USD 2.643 million compared to USD 2.354 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.57 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.
POTOMAC BANCSHARES, INC. 
