Potomac Bancshares Inc (PTBS) 7.3800 $PTBS
Potomac Bancshares announces 61% improved net income for Q1 2015 over 2014 and USD0.5025 per share dividend
M2 - Tue Apr 28, 3:01AM CDT
The parent company of Bank of Charles Town, Potomac Bancshares Inc (OTC-QB
TBS) reported on Monday for the quarter ended 31 March 2015, a net income of USD559,000 or USD0.16 per share, increased by 61% from the net income of USD347,000 or USD0.10 per share for the quarter ended 31 March 2014.
Potomac Bancshares declares $0.0525 dividend
Seeking Alpha - at Seeking Alpha - Mon Apr 27, 3:41PM CDT
Potomac Bancshares, Inc. Releases 2015 1st Quarter Results & Declares Dividend
PR Newswire - Mon Apr 27, 3:30PM CDT
For the quarter ended March 31, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $559 thousand or 16 cents per share compared to $347 thousand or 10 cents a share for the quarter ended March 31, 2014, an improvement of 61%. The improvement in earnings is largely the result of growth in net interest income, non-interest income, and a reduction in the loan loss provision compared to the same quarter last year. Deposits and loans respectively for the quarter ended 3/31/15 were $283.7 million and $259.4 million compared to deposits and loans as of 12/31/14 of $279.2 million and $253.4 million, also respectively. Based on the bank's performance during the first quarter of 2015, the Board of Directors of Potomac Bancshares, Inc. at its April 2015 meeting, declared a dividend of 5.25 cents per share to all shareholders of record on April 24, 2015. This dividend will be payable on May 1, 2015.
Potomac Bancshares, Inc. Releases Fourth Quarter And Full Year 2014 Results
PR Newswire - Thu Jan 29, 10:02AM CST
For the quarter ended December 31, 2014, Potomac Bancshares Inc. (OTC-QB: PTBS) earned $608 thousand or 18 cents per share compared to $554 thousand or 16 cents a share for the quarter ended December 31, 2013, an improvement of 10%. For the 12 months ended December 31, 2014, the company earned $2.16 million or 64 cents per share compared to earnings of $2.33 million or 69 cents per share for the year ended December 31, 2013, a decrease of 7.3%. There are several reasons for the decline in earnings. First, there was an increase in the loan loss provision of $1.1 million in 2014 compared to 2013. The majority of this provision was set aside for a loan that was put on non-accrual status during the third quarter of 2014. The remainder of the provision was allocated to the reserve based on the growth in loans experienced in 2014 compared to 2013 of $25.1 million or 11%. The second reason for the decline, which was anticipated, was due to the incremental expenses incurred with the expansion into the Hagerstown, Maryland market. As outlined in previous communications, we have exceeded projections at both the Hagerstown and Middleburg, Virginia locations in 2014 and expect the two offices to positively contribute to the bottom line in 2015. To fund the aforementioned loan growth in 2014, we were able to grow deposits $18.2 million or 7% during 2014.
Potomac Bancshares announces dividend of USD0.0525 per share and names Anthony P. Zelenka to its board of directors
M2 - Mon Jan 19, 3:27AM CST
President and chief executive officer, Robert F. Baronner Jr of Potomac Bancshares Inc (OTC-QBTBS), the holding company of the Bank of Charles Town, reported on Friday that its board of directors authorised a dividend of USD0.0525 per share dividend that reflects an increase of 24% over that paid in November 2014.
Potomac Bancshares, Inc. Declares Dividend and Elects Anthony P. Zelenka to Board of Directors
PR Newswire - Fri Jan 16, 3:30PM CST
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 the Board of Directors declared a 5.25 cent per share dividend at its meeting on January 13, 2015. The dividend is for all shareholders of record on January 26, 2015 and will be paid on February 2, 2015. The dividend reflects a 24% increase over the 4.25 cent dividend paid on November 3, 2014.
Potomac Bancshares reports lower net income for 2014 Q3 year over year and announces dividend of USD0.4025 per share
M2 - Mon Oct 27, 7:15AM CDT
President and chief executive officer, Robert F Baronner Jr of Potomac Bancshares Inc (OTC-QBTBS), the bank holding company for Bank of Charles Town, reported on Friday a net income of USD556,000 or USD0.16 per share for the third quarter of 2014, slightly down compared to the net income of USD620,000 or USD0.18 per share for the same quarter ended 30 September 2013.
Potomac Bancshares, Inc. Releases 2014 Third Quarter Results and Declares Dividend
PR Newswire - Fri Oct 24, 2:34PM 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 September 30, 2014. The Charles Town, West Virginia based company earned $556 thousand or 16 cents per share compared to net income of $620 thousand or 18 cents a share for the quarter ended September 30, 2013. Cumulative earnings through the first nine months of this year are lower compared to last year primarily due to an increase in the loan loss provision. A portion of the increase in the provision is due to loan growth and a portion is allocated to a specific loan that was put on non-accrual status during the third quarter. The net loan portfolio has grown $17.6 million or 7.7% since year end and deposits, including cash management accounts, grew $8 million or 3.1% since year end as well.
Potomac Bancshares, Inc. Releases 2014 Second Quarter Results and Declares Dividend
PR Newswire - Fri Jul 18, 3:25PM 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, 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. Baronner said, "Credit conditions continue to improve and real estate values are beginning to show some appreciation in the Eastern Panhandle which is our primary market. Mortgage volume has shifted from primarily refinances to new construction and purchases, which is a good sign that the real estate economy is improving." Baronner added, "Most of our commercial loan growth over the last year continues to come from our two new offices in Middleburg, Virginia and Hagerstown, Maryland."
Potomac Bancshares announces 61% improved net income for Q1 2015 over 2014 and USD0.5025 per share dividend
M2 - Tue Apr 28, 3:01AM CDT
The parent company of Bank of Charles Town, Potomac Bancshares Inc (OTC-QB
TBS) reported on Monday for the quarter ended 31 March 2015, a net income of USD559,000 or USD0.16 per share, increased by 61% from the net income of USD347,000 or USD0.10 per share for the quarter ended 31 March 2014. Potomac Bancshares declares $0.0525 dividend
Seeking Alpha - at Seeking Alpha - Mon Apr 27, 3:41PM CDT
Potomac Bancshares, Inc. Releases 2015 1st Quarter Results & Declares Dividend
PR Newswire - Mon Apr 27, 3:30PM CDT
For the quarter ended March 31, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $559 thousand or 16 cents per share compared to $347 thousand or 10 cents a share for the quarter ended March 31, 2014, an improvement of 61%. The improvement in earnings is largely the result of growth in net interest income, non-interest income, and a reduction in the loan loss provision compared to the same quarter last year. Deposits and loans respectively for the quarter ended 3/31/15 were $283.7 million and $259.4 million compared to deposits and loans as of 12/31/14 of $279.2 million and $253.4 million, also respectively. Based on the bank's performance during the first quarter of 2015, the Board of Directors of Potomac Bancshares, Inc. at its April 2015 meeting, declared a dividend of 5.25 cents per share to all shareholders of record on April 24, 2015. This dividend will be payable on May 1, 2015.
Potomac Bancshares, Inc. Releases Fourth Quarter And Full Year 2014 Results
PR Newswire - Thu Jan 29, 10:02AM CST
For the quarter ended December 31, 2014, Potomac Bancshares Inc. (OTC-QB: PTBS) earned $608 thousand or 18 cents per share compared to $554 thousand or 16 cents a share for the quarter ended December 31, 2013, an improvement of 10%. For the 12 months ended December 31, 2014, the company earned $2.16 million or 64 cents per share compared to earnings of $2.33 million or 69 cents per share for the year ended December 31, 2013, a decrease of 7.3%. There are several reasons for the decline in earnings. First, there was an increase in the loan loss provision of $1.1 million in 2014 compared to 2013. The majority of this provision was set aside for a loan that was put on non-accrual status during the third quarter of 2014. The remainder of the provision was allocated to the reserve based on the growth in loans experienced in 2014 compared to 2013 of $25.1 million or 11%. The second reason for the decline, which was anticipated, was due to the incremental expenses incurred with the expansion into the Hagerstown, Maryland market. As outlined in previous communications, we have exceeded projections at both the Hagerstown and Middleburg, Virginia locations in 2014 and expect the two offices to positively contribute to the bottom line in 2015. To fund the aforementioned loan growth in 2014, we were able to grow deposits $18.2 million or 7% during 2014.
Potomac Bancshares announces dividend of USD0.0525 per share and names Anthony P. Zelenka to its board of directors
M2 - Mon Jan 19, 3:27AM CST
President and chief executive officer, Robert F. Baronner Jr of Potomac Bancshares Inc (OTC-QB
TBS), the holding company of the Bank of Charles Town, reported on Friday that its board of directors authorised a dividend of USD0.0525 per share dividend that reflects an increase of 24% over that paid in November 2014. Potomac Bancshares, Inc. Declares Dividend and Elects Anthony P. Zelenka to Board of Directors
PR Newswire - Fri Jan 16, 3:30PM CST
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 the Board of Directors declared a 5.25 cent per share dividend at its meeting on January 13, 2015. The dividend is for all shareholders of record on January 26, 2015 and will be paid on February 2, 2015. The dividend reflects a 24% increase over the 4.25 cent dividend paid on November 3, 2014.
Potomac Bancshares reports lower net income for 2014 Q3 year over year and announces dividend of USD0.4025 per share
M2 - Mon Oct 27, 7:15AM CDT
President and chief executive officer, Robert F Baronner Jr of Potomac Bancshares Inc (OTC-QB
TBS), the bank holding company for Bank of Charles Town, reported on Friday a net income of USD556,000 or USD0.16 per share for the third quarter of 2014, slightly down compared to the net income of USD620,000 or USD0.18 per share for the same quarter ended 30 September 2013. Potomac Bancshares, Inc. Releases 2014 Third Quarter Results and Declares Dividend
PR Newswire - Fri Oct 24, 2:34PM 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 September 30, 2014. The Charles Town, West Virginia based company earned $556 thousand or 16 cents per share compared to net income of $620 thousand or 18 cents a share for the quarter ended September 30, 2013. Cumulative earnings through the first nine months of this year are lower compared to last year primarily due to an increase in the loan loss provision. A portion of the increase in the provision is due to loan growth and a portion is allocated to a specific loan that was put on non-accrual status during the third quarter. The net loan portfolio has grown $17.6 million or 7.7% since year end and deposits, including cash management accounts, grew $8 million or 3.1% since year end as well.
Potomac Bancshares, Inc. Releases 2014 Second Quarter Results and Declares Dividend
PR Newswire - Fri Jul 18, 3:25PM 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, 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. Baronner said, "Credit conditions continue to improve and real estate values are beginning to show some appreciation in the Eastern Panhandle which is our primary market. Mortgage volume has shifted from primarily refinances to new construction and purchases, which is a good sign that the real estate economy is improving." Baronner added, "Most of our commercial loan growth over the last year continues to come from our two new offices in Middleburg, Virginia and Hagerstown, Maryland."
