Potomac Bancshares, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 03, 2020 at 06:18 pm EDT
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Potomac Bancshares, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 4.403 million compared to USD 4.074 million a year ago. Net income was USD 826,000 compared to USD 818,000 a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.2 a year ago. For the half year, net interest income was USD 8.647 million compared to USD 7.990 million a year ago. Net income was USD 1.545 million compared to USD 1.437 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.35 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. 
