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Potomac Bancshares income 19 cents per share

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Staff writer |
Potomac BancsharesPotomac Bancshares, Inc., the One Bank Holding Company for Bank of Charles Town, announced its quarterly results for the period ending June 30, 2014.


The Charles Town, West Virginia based company earned $648 thousand or 19 cents per share compared to net income of $588 thousand or 17 cents a share for the quarter ended June 30, 2013. The improvement in income as compared to the same quarter last year is due to growth in both the commercial and mortgage loan portfolios and better overall net interest margins.

Income through the first six months of 2014 is $995 thousand or 29 cents per share compared to $1.154 million or 34 cents per share for the first six months of 2013.

Based on the bank's performance, the Board of Directors of Potomac Bancshares at its July 2014 meeting declared a 4.25 cent per share dividend for all shareholders of record on July 22, 2014. This cash dividend will be payable on August 1, 2014.

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