Potomac Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 03, 2021 at 11:01 am EST
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Potomac Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 4.701 million compared to USD 4.204 million a year ago. Net income was USD 1.142 million compared to USD 859,000 a year ago. For the full year, net interest income was USD 17.841 million compared to USD 16.292 million a year ago. Net income was USD 3.785 million compared to USD 3.213 million 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. 
