Fauquier Bankshares Q3 net income $1.5 millionChristian Fernsby ▼ | October 20, 2020
Fauquier Bankshares, parent company of The Fauquier Bank, reported net income of $1.5 million for the third quarter, compared with $1.6 million for the prior quarter and $2.1 million for the third quarter of 2019.
Fauquier Bankshares Total loans were $638.1 million
Topics: Fauquier Bankshares
Net interest margin was 3.22% for the third quarter, a decrease of 27 basis points and 51 basis points when compared to the prior quarter and third quarter of 2019, respectively.
Allowance for loan losses increased was $6.7 million, compared to $6.4 million as of June 30, 2020 and $5.4 million as of September 30, 2019. ■