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Fauquier Bankshares Q3 net income $1.5 million

Christian 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 Bank
Fauquier Bankshares   Total loans were $638.1 million
Total loans were $638.1 million, an increase of 2.47% and 17.04% when compared to June 30, 2020 and September 30, 2019, respectively.

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.