Potomac Bancshares Inc (PTBS) 8.9900 $PTBS
Potomac Bancshares, Inc. Releases 2016 Second Quarter Results
PR Newswire - Fri Jul 29, 3:45PM CDT
For the quarter ended June 30, 2016, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $658 thousand or 20 cents per share compared to $584 thousand or 17 cents a share in the quarter ended June 30, 2015. Overall earnings through June 30, 2016 were $1.146 million compared to earnings for the same period last year of $1.143 million. Loans for the quarter were $309.3 million which is an increase from $262.7 million as of June 30, 2015. Deposits and cash management accounts were $324.0 million compared to $279.7 million for the same period last year. These are increases of 18% and 16%, respectively. The 10% improvement in net interest income for the first six months of the year compared to the same period in 2015 is due to volume increases in both loans and deposits. We have seen loan growth along all business lines and this increase in loan volume has required an increase in the provision for loan losses to keep pace with the growth. In addition, several new mortgage products were introduced to focus on meeting opportunities in our markets.
Potomac Bancshares, Inc. Declares Dividend
PR Newswire - Thu Jul 14, 3:37PM CDT
Robert F. Baronner, Jr., President and CEO of Potomac Bancshares, Inc., (OTC-WB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced the Board of Directors declared a 6.5 cents per share dividend at its meeting on July 12, 2016. The dividend is for all shareholders of record on July 25, 2016 and will be paid on August 1, 2016. This is an 8.3% increase over the 6 cents dividend paid on May 2, 2016.
Potomac Bancshares, Inc. Releases 2016 First Quarter Results
PR Newswire - Tue Apr 26, 4:03PM CDT
For the quarter ended March 31, 2016, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $488 thousand or 15 cents per share compared to $559 thousand or 16 cents a share in the quarter ended March 31, 2015. Net income was down compared to the first quarter of last year due to the costs of upgrading customers' EMV Chip Enabled Debit Cards, costs associated with good loan production during the first quarter, and loan loss provision to keep up with the increased loan volume. During 2016, we expect to continue to collect on the principal balance of loans that had been charged off several years ago. This will allow us to continue to build our loan loss reserve and in turn take smaller loan provisions during the remainder of the year "barring" anything unforeseen. Credit quality continues to improve as non-performing assets are less than 1% of outstanding loans.
Potomac Bancshares, Inc. Releases 2015 Fourth Quarter And Full Year Results
PR Newswire - Fri Jan 29, 4:12PM CST
For the quarter ended December 31, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $752 thousand or 22 cents per share compared to $608 thousand or 18 cents a share in the quarter ended December 31, 2014. Overall, earnings for the year were $2.580 million or 76 cents per share compared to earnings in 2014 of 64 cents per share. This is an improvement of about 19% in per share earnings over 2014. As previously communicated, given the bank's strong income performance and good capital position, the dividend was increased from 5.25 cents to 6 cents per share at the January 12, 2016 board meeting and represents a 14% improvement over the prior quarter dividend paid on November 2, 2015. This cash dividend is for all shareholders of record January 25, 2016 and will be paid on February 1, 2016.
Potomac Bancshares declares dividend
M2 - Fri Jan 22, 5:29AM CST
Board of directors of Potomac Bancshares, Inc. (OTC-WB: PTBS), has declared a USD0.06 cent per share dividend at its meeting on January 12, 2016. The dividend is for all shareholders of record on January 25, 2016 and will be paid on February 1, 2016. The dividend reflects a 14 percent increase over the USD0.0525 dividend paid on November 2, 2015. Bank of Charles Town, a wholly owned subsidiary of Potomac Bancshares, Inc., is a locally owned community bank with seven offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland and Middleburg, Virginia.
Potomac Bancshares announces dividend of USD0.06 per share
M2 - Mon Jan 18, 3:05AM CST
President and chief executive officer Robert F. Baronner Jr of Potomac Bancshares Inc (OTC-WB
TBS) revealed on Friday that the company will pay a dividend of USD0.06 per share, as authorised by its board of directors at its meeting on 12 January 2016.
Potomac Bancshares, Inc. Releases 2015 Third Quarter Results, Declares Dividend, Executes On Repurchase Of Stock, And Announces Subsequent Events
PR Newswire - Mon Oct 26, 4:00PM CDT
For the quarter ended September 30, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS), the one bank holding company for Bank of Charles Town, earned $685,000 or 20 cents per share compared to $556,000 or 16 cents a share for the quarter ended September 30, 2014. Overall earnings through September 30, 2015 were $1.828 million compared to earnings for the same period last year of $1.551 million, an improvement of $277,000 or 18%. Loans and deposits, respectively, for the quarter ended September 30, 2015 were $272.8 million and $292.1 million compared to loans and deposits as of September 30, 2014 of $245.9 million and $268.9 million, also respectively.
Potomac Bancshares reports reduced net income for Q2 2015 and dividend of US0.525 per share
M2 - Mon Jul 27, 5:09AM CDT
Potomac Bancshares Inc (OTC-QBTBS) reported on Friday that its net income was USD584,000 or USD0.17 cents per share for the quarter ended 30 June 2015, slightly down from the net income of USD648,000 or USD0.19 per share for the same quarter of 2014.
Potomac Bancshares, Inc. Releases 2015 Second Quarter Results, Declares Dividend, and Announces Stock Repurchase Plan
PR Newswire - Fri Jul 24, 3:56PM CDT
For the quarter ended June 30, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $584 thousand or 17 cents per share compared to $648 thousand or 19 cents per share for the quarter ended June 30, 2014. Overall earnings through June 30, 2015 were $1.143 million compared to earnings for the same period last year of $995 thousand, an improvement of $148 thousand or 14.9%. Deposits and loans, respectively, for the quarter ended June 30, 2015 were $279.6 million and $262.7 million compared to deposits and loans as of December 31, 2014 of $279.2 million and $253.4 million, also respectively.
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-QBTBS) 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, 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, 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 2016 Second Quarter Results
PR Newswire - Fri Jul 29, 3:45PM CDT
For the quarter ended June 30, 2016, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $658 thousand or 20 cents per share compared to $584 thousand or 17 cents a share in the quarter ended June 30, 2015. Overall earnings through June 30, 2016 were $1.146 million compared to earnings for the same period last year of $1.143 million. Loans for the quarter were $309.3 million which is an increase from $262.7 million as of June 30, 2015. Deposits and cash management accounts were $324.0 million compared to $279.7 million for the same period last year. These are increases of 18% and 16%, respectively. The 10% improvement in net interest income for the first six months of the year compared to the same period in 2015 is due to volume increases in both loans and deposits. We have seen loan growth along all business lines and this increase in loan volume has required an increase in the provision for loan losses to keep pace with the growth. In addition, several new mortgage products were introduced to focus on meeting opportunities in our markets.
Potomac Bancshares, Inc. Declares Dividend
PR Newswire - Thu Jul 14, 3:37PM CDT
Robert F. Baronner, Jr., President and CEO of Potomac Bancshares, Inc., (OTC-WB: PTBS), the One Bank Holding Company for Bank of Charles Town, announced the Board of Directors declared a 6.5 cents per share dividend at its meeting on July 12, 2016. The dividend is for all shareholders of record on July 25, 2016 and will be paid on August 1, 2016. This is an 8.3% increase over the 6 cents dividend paid on May 2, 2016.
Potomac Bancshares, Inc. Releases 2016 First Quarter Results
PR Newswire - Tue Apr 26, 4:03PM CDT
For the quarter ended March 31, 2016, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $488 thousand or 15 cents per share compared to $559 thousand or 16 cents a share in the quarter ended March 31, 2015. Net income was down compared to the first quarter of last year due to the costs of upgrading customers' EMV Chip Enabled Debit Cards, costs associated with good loan production during the first quarter, and loan loss provision to keep up with the increased loan volume. During 2016, we expect to continue to collect on the principal balance of loans that had been charged off several years ago. This will allow us to continue to build our loan loss reserve and in turn take smaller loan provisions during the remainder of the year "barring" anything unforeseen. Credit quality continues to improve as non-performing assets are less than 1% of outstanding loans.
Potomac Bancshares, Inc. Releases 2015 Fourth Quarter And Full Year Results
PR Newswire - Fri Jan 29, 4:12PM CST
For the quarter ended December 31, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $752 thousand or 22 cents per share compared to $608 thousand or 18 cents a share in the quarter ended December 31, 2014. Overall, earnings for the year were $2.580 million or 76 cents per share compared to earnings in 2014 of 64 cents per share. This is an improvement of about 19% in per share earnings over 2014. As previously communicated, given the bank's strong income performance and good capital position, the dividend was increased from 5.25 cents to 6 cents per share at the January 12, 2016 board meeting and represents a 14% improvement over the prior quarter dividend paid on November 2, 2015. This cash dividend is for all shareholders of record January 25, 2016 and will be paid on February 1, 2016.
Potomac Bancshares declares dividend
M2 - Fri Jan 22, 5:29AM CST
Board of directors of Potomac Bancshares, Inc. (OTC-WB: PTBS), has declared a USD0.06 cent per share dividend at its meeting on January 12, 2016. The dividend is for all shareholders of record on January 25, 2016 and will be paid on February 1, 2016. The dividend reflects a 14 percent increase over the USD0.0525 dividend paid on November 2, 2015. Bank of Charles Town, a wholly owned subsidiary of Potomac Bancshares, Inc., is a locally owned community bank with seven offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland and Middleburg, Virginia.
Potomac Bancshares announces dividend of USD0.06 per share
M2 - Mon Jan 18, 3:05AM CST
President and chief executive officer Robert F. Baronner Jr of Potomac Bancshares Inc (OTC-WB
TBS) revealed on Friday that the company will pay a dividend of USD0.06 per share, as authorised by its board of directors at its meeting on 12 January 2016. Potomac Bancshares, Inc. Releases 2015 Third Quarter Results, Declares Dividend, Executes On Repurchase Of Stock, And Announces Subsequent Events
PR Newswire - Mon Oct 26, 4:00PM CDT
For the quarter ended September 30, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS), the one bank holding company for Bank of Charles Town, earned $685,000 or 20 cents per share compared to $556,000 or 16 cents a share for the quarter ended September 30, 2014. Overall earnings through September 30, 2015 were $1.828 million compared to earnings for the same period last year of $1.551 million, an improvement of $277,000 or 18%. Loans and deposits, respectively, for the quarter ended September 30, 2015 were $272.8 million and $292.1 million compared to loans and deposits as of September 30, 2014 of $245.9 million and $268.9 million, also respectively.
Potomac Bancshares reports reduced net income for Q2 2015 and dividend of US0.525 per share
M2 - Mon Jul 27, 5:09AM CDT
Potomac Bancshares Inc (OTC-QB
TBS) reported on Friday that its net income was USD584,000 or USD0.17 cents per share for the quarter ended 30 June 2015, slightly down from the net income of USD648,000 or USD0.19 per share for the same quarter of 2014. Potomac Bancshares, Inc. Releases 2015 Second Quarter Results, Declares Dividend, and Announces Stock Repurchase Plan
PR Newswire - Fri Jul 24, 3:56PM CDT
For the quarter ended June 30, 2015, Potomac Bancshares, Inc. (OTC-QB: PTBS) earned $584 thousand or 17 cents per share compared to $648 thousand or 19 cents per share for the quarter ended June 30, 2014. Overall earnings through June 30, 2015 were $1.143 million compared to earnings for the same period last year of $995 thousand, an improvement of $148 thousand or 14.9%. Deposits and loans, respectively, for the quarter ended June 30, 2015 were $279.6 million and $262.7 million compared to deposits and loans as of December 31, 2014 of $279.2 million and $253.4 million, also respectively.
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, 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, 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.
