Potomac Bancshares Inc (PTBS) 7.6000 $PTBS
Potomac Bancshares, Inc. Releases 2014 First Quarter Results and Declares Dividend
PR Newswire - Fri Apr 25, 3:44PM CDT
Robert F. Baronner Jr., President and CEO, of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced its quarterly results for the period ending March 31, 2014. The Charles Town, West Virginia based company earned $347 thousand or 10 cents per share compared to net income of $566 thousand or 17 cents a share for the quarter ended March 31, 2013. The reduction in earnings as compared to the same quarter last year is due to a number of factors. First, the loan loss provision was up $391 thousand compared to the same period last year as a result of higher than expected loan growth in conjunction with a weak business climate in the first quarter. Secondly, start-up expenses and added payroll associated with the Middleburg loan production office and the new Hagerstown branch as compared to last year reduced the quarter's profitability. And third, secondary market fee income was down $77 thousand compared to the same period last year due to a decline in the volume of mortgage refinancing. Loans, net of reserve, for the quarter ended March 31, 2014 were $239 million compared to $228 million at year end December 31, 2013, an improvement of 19% on an annualized basis.
Potomac Bancshares announces dividend of USD0.0425 per share for Q1
M2 - Fri Apr 11, 3:01AM CDT
The board of directors of Potomac Bancshares Inc (OTC
TBS), the holding company of Bank of Charles Town, approved a dividend of USD0.0425 per share in the April meeting, the company disclosed on Thursday.
Potomac Bancshares, Inc. Declares Dividend for First Quarter
PR Newswire - Thu Apr 10, 4:30PM CDT
The Board of Directors of Potomac Bancshares, Inc., (PTBS), the One Bank Holding Company for Bank of Charles Town, at its April 2014 meeting declared a 4.25 cents per share dividend for all shareholders of record on April 22, 2014. This cash dividend will be payable on May 1, 2014.
Potomac Bancshares, Inc. Releases 2013 Full Year Earnings
PR Newswire - Mon Feb 03, 11:37AM CST
For the quarter ended December 31, 2013, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $554 thousand or $0.16 cents per share compared to $502 thousand or $0.15 cents a share for the quarter ended December 31, 2012, an improvement of 7%. For the twelve months ended December 31, 2013, the company earned $2.328 million or $0.69 cents per share as compared to $1.639 million and $0.48 cents per share for the twelve months ended December 31, 2012, an improvement of 44%. "During 2013, the economy continued to improve and we once again experienced record mortgage volume," stated President and CEO Robert F. Baronner, Jr. "With the recent opening of the bank's seventh office in Hagerstown, Maryland and our new Loan Production office in Middleburg, Virginia, we are optimistic about the prospects for growth in 2014." Loans compared to last year, net of reserve, grew from $211.4 million to $228.3 million, an increase of 8%. Credit quality continued to improve as non-performing assets (non-accruing loans and other real estate owned) as a percentage to total assets declined from 2.97% to just 2.02% at 12/31/13.
Potomac Bancshares, Inc. Declares Dividend for Fourth Quarter and Announces New Director
PR Newswire - Tue Jan 21, 12:02PM CST
The Board of Directors of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, at its January 2014 meeting declared a 4.25 cents per share dividend for all shareholders of record on January 27, 2014. This cash dividend will be payable on February 3, 2014.
Potomac Bancshares, Inc. Releases: 2013 Second Quarter Results
PR Newswire - Mon Jul 22, 10:20AM CDT
Robert F. Baronner Jr., President and CEO, of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced its quarterly results for the period ending June 30, 2013. The Charles Town, West Virginia based company earned $588 thousand or 17 cents per share for the quarter ended June 30, 2013 compared to net income of $346 thousand or 10 cents a share for the quarter ended June 30, 2012. This represents an improvement in earnings of 70% over the same period last year. Year to date earnings through June 30, 2013 are 34 cents per share compared to 19 cents for the first six months of 2012. Loans, net of reserve for the quarter ended June 30, 2013, were $220.6 million compared to $211.4 million at year end December 31, 2012, an improvement of 8.7% on an annualized basis.
Potomac Bancshares, Inc. Declares Dividend and Announces a Shareholder Dividend Reinvestment and Stock Purchase Plan and Employee Stock Purchase Plan
PR Newswire - Thu Jul 11, 2:56PM CDT
The Board of Directors of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, at its July 2013 meeting declared a 4 cents per share dividend for all shareholders of record on July 22, 2013. This cash dividend will be payable on August 1, 2013.
Potomac Bancshares, Inc. Releases 2014 First Quarter Results and Declares Dividend
PR Newswire - Fri Apr 25, 3:44PM CDT
Robert F. Baronner Jr., President and CEO, of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced its quarterly results for the period ending March 31, 2014. The Charles Town, West Virginia based company earned $347 thousand or 10 cents per share compared to net income of $566 thousand or 17 cents a share for the quarter ended March 31, 2013. The reduction in earnings as compared to the same quarter last year is due to a number of factors. First, the loan loss provision was up $391 thousand compared to the same period last year as a result of higher than expected loan growth in conjunction with a weak business climate in the first quarter. Secondly, start-up expenses and added payroll associated with the Middleburg loan production office and the new Hagerstown branch as compared to last year reduced the quarter's profitability. And third, secondary market fee income was down $77 thousand compared to the same period last year due to a decline in the volume of mortgage refinancing. Loans, net of reserve, for the quarter ended March 31, 2014 were $239 million compared to $228 million at year end December 31, 2013, an improvement of 19% on an annualized basis.
Potomac Bancshares announces dividend of USD0.0425 per share for Q1
M2 - Fri Apr 11, 3:01AM CDT
The board of directors of Potomac Bancshares Inc (OTC
TBS), the holding company of Bank of Charles Town, approved a dividend of USD0.0425 per share in the April meeting, the company disclosed on Thursday. Potomac Bancshares, Inc. Declares Dividend for First Quarter
PR Newswire - Thu Apr 10, 4:30PM CDT
The Board of Directors of Potomac Bancshares, Inc., (PTBS), the One Bank Holding Company for Bank of Charles Town, at its April 2014 meeting declared a 4.25 cents per share dividend for all shareholders of record on April 22, 2014. This cash dividend will be payable on May 1, 2014.
Potomac Bancshares, Inc. Releases 2013 Full Year Earnings
PR Newswire - Mon Feb 03, 11:37AM CST
For the quarter ended December 31, 2013, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $554 thousand or $0.16 cents per share compared to $502 thousand or $0.15 cents a share for the quarter ended December 31, 2012, an improvement of 7%. For the twelve months ended December 31, 2013, the company earned $2.328 million or $0.69 cents per share as compared to $1.639 million and $0.48 cents per share for the twelve months ended December 31, 2012, an improvement of 44%. "During 2013, the economy continued to improve and we once again experienced record mortgage volume," stated President and CEO Robert F. Baronner, Jr. "With the recent opening of the bank's seventh office in Hagerstown, Maryland and our new Loan Production office in Middleburg, Virginia, we are optimistic about the prospects for growth in 2014." Loans compared to last year, net of reserve, grew from $211.4 million to $228.3 million, an increase of 8%. Credit quality continued to improve as non-performing assets (non-accruing loans and other real estate owned) as a percentage to total assets declined from 2.97% to just 2.02% at 12/31/13.
Potomac Bancshares, Inc. Declares Dividend for Fourth Quarter and Announces New Director
PR Newswire - Tue Jan 21, 12:02PM CST
The Board of Directors of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, at its January 2014 meeting declared a 4.25 cents per share dividend for all shareholders of record on January 27, 2014. This cash dividend will be payable on February 3, 2014.
Potomac Bancshares, Inc. Releases: 2013 Second Quarter Results
PR Newswire - Mon Jul 22, 10:20AM CDT
Robert F. Baronner Jr., President and CEO, of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced its quarterly results for the period ending June 30, 2013. The Charles Town, West Virginia based company earned $588 thousand or 17 cents per share for the quarter ended June 30, 2013 compared to net income of $346 thousand or 10 cents a share for the quarter ended June 30, 2012. This represents an improvement in earnings of 70% over the same period last year. Year to date earnings through June 30, 2013 are 34 cents per share compared to 19 cents for the first six months of 2012. Loans, net of reserve for the quarter ended June 30, 2013, were $220.6 million compared to $211.4 million at year end December 31, 2012, an improvement of 8.7% on an annualized basis.
Potomac Bancshares, Inc. Declares Dividend and Announces a Shareholder Dividend Reinvestment and Stock Purchase Plan and Employee Stock Purchase Plan
PR Newswire - Thu Jul 11, 2:56PM CDT
The Board of Directors of Potomac Bancshares, Inc., (OTC-QB: PTBS), the One Bank Holding Company for Bank of Charles Town, at its July 2013 meeting declared a 4 cents per share dividend for all shareholders of record on July 22, 2013. This cash dividend will be payable on August 1, 2013.
