Associated tags: Financial management, Reader, OTC, PTBS, BCT, Allpoint, American Banker, Bank, Trust, Community, Financial plan, The Company, State bank, ROA, Security (finance), PPP, ROE, Video game
Locations: WEST VIRGINIA
Total,
Investment,
ROE,
AFS,
Climate,
OTC,
BCT,
Growth,
ROA,
Bank,
The Company,
Mobile phone Total assets were $855.3 million as of Q1 2024 compared to $792.3 million as of Q1 2023, an increase of 8.0% or $63.0 million.
Key Points:
- Total assets were $855.3 million as of Q1 2024 compared to $792.3 million as of Q1 2023, an increase of 8.0% or $63.0 million.
- Return on Assets (ROA) in Q1 2024 was 0.81% compared to 1.09% in Q1 2023, and 0.85% in the linked quarter.
- Return on Equity (ROE) in Q1 2024 was 10.00% compared to 13.52% in Q1 2023, and 11.21% in the linked quarter.
- The dividend is for all shareholders of record on May 3, 2024, and will be paid on May 10, 2024,
CHARLES TOWN, W.Va., April 18, 2024 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their April Board meeting a quarterly dividend of $0.12 per share, a 20% increase from the previous quarter's dividend of $0.10.
Key Points:
- CHARLES TOWN, W.Va., April 18, 2024 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), also known as The Community's Bank, declared at their April Board meeting a quarterly dividend of $0.12 per share, a 20% increase from the previous quarter's dividend of $0.10.
- The dividend is for all shareholders of record on May 3, 2024, and will be paid on May 10, 2024.
- "We are extremely pleased to announce a 20% increase in the dividend.
- The increase reflects the consistent success we are having executing on our strategic growth goals," said Alice P. Frazier, President and CEO.
Retrieved on:
Thursday, February 1, 2024
PPP,
ROA,
Growth,
Pressure,
FDIC,
Government,
ROE,
AFS,
Investment,
OTC,
The Company,
Total,
Bank,
Insurance,
BCT,
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Self storage In the fourth quarter, we hired a Director of Government Lending to build this unit and expand our government lending strategy.
Key Points:
- In the fourth quarter, we hired a Director of Government Lending to build this unit and expand our government lending strategy.
- Excluding this loss, the earnings for the fourth quarter of 2023 would have been $1.830 million or $0.44 per share.
- Net unrealized losses in the AFS portfolio were $8.7 million as of Q4 2023 and $11.9 million as of Q3 2023.
- The allowance for credit losses was 1.02% of total loans outstanding as of Q4 2023 and 1.04% as of Q3 2023.
CHARLES TOWN, W.Va., Jan. 19, 2024 /PRNewswire/ -- (OTC:PTBS) – The Board of Directors of Potomac Bancshares, Inc. (the "Company"), the one bank holding company for Bank of Charles Town (BCT), declared at their January Board meeting a quarterly dividend of $0.10 per share.
Key Points:
- CHARLES TOWN, W.Va., Jan. 19, 2024 /PRNewswire/ -- (OTC:PTBS) – The Board of Directors of Potomac Bancshares, Inc. (the "Company"), the one bank holding company for Bank of Charles Town (BCT), declared at their January Board meeting a quarterly dividend of $0.10 per share.
- The dividend is for all shareholders of record on February 2, 2024, and will be paid on February 9, 2024.
Retrieved on:
Thursday, November 2, 2023
ROA,
Insurance,
Sale,
FDIC,
AFS,
Bank,
OTC,
Federal Reserve,
ROE,
PPP,
Investment,
Environment,
C&I,
Growth,
Real estate owned,
Liquidity,
The Company,
Total,
BCT,
Beauty salon,
Cryptocurrency,
Security (finance),
Real estate,
Public utility,
Video game,
Life insurance,
Petroleum Net unrealized losses in the AFS portfolio were $11.9 million as of Q3 2023 and $10.6 million as of Q2 2023.
Key Points:
- Net unrealized losses in the AFS portfolio were $11.9 million as of Q3 2023 and $10.6 million as of Q2 2023.
- Our Federal Reserve balance was $37.2 million as of Q3 2023 compared to $27.0 million as of Q2 2023.
- Given the strong credit quality and nominal growth, there was no provision for credit losses in Q3 2023 and $191 thousand recorded in Q2 2023.
- The dividend is for all shareholders of record on November 2, 2023, and will be paid on November 9, 2023.
Retrieved on:
Thursday, October 19, 2023
CHARLES TOWN, W.Va., Oct. 19, 2023 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC: PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their October Board meeting a quarterly dividend of $0.10 per share.
Key Points:
- CHARLES TOWN, W.Va., Oct. 19, 2023 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC: PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their October Board meeting a quarterly dividend of $0.10 per share.
- The dividend is for all shareholders of record on November 2, 2023, and will be paid on November 9, 2023.
Insurance,
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Total,
FHLB,
Investment,
AFS,
FDIC,
Sale,
PPP,
ATM,
ROA,
The Company,
Federal Reserve,
Real estate owned,
OTC,
Growth,
Bank,
BCT,
ROE,
Reinsurance,
Cryptocurrency,
Beauty salon,
Security (finance),
Real estate,
Public utility,
Video game,
Coal Investment securities were $85.4 million as of Q2 2023 compared to $83.1 million as of Q2 2022.
Key Points:
- Investment securities were $85.4 million as of Q2 2023 compared to $83.1 million as of Q2 2022.
- Net unrealized losses in the AFS portfolio were $10.6 million as of Q2 2023 and $8.7 million as of Q1 2023.
- Our Federal Reserve balance was $27.0 million as of Q2 2023 compared to $42.5 million as of Q1 2023.
- The dividend is for all shareholders of record on August 4, 2023, and will be paid on August 11, 2023.
CHARLES TOWN, W.Va., July 20, 2023 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their July Board meeting a quarterly dividend of $0.10 per share, an 11.1% increase from the previous quarter's dividend of $0.09.
Key Points:
- CHARLES TOWN, W.Va., July 20, 2023 /PRNewswire/ -- The Board of Directors of Potomac Bancshares, Inc. (the "Company") (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared at their July Board meeting a quarterly dividend of $0.10 per share, an 11.1% increase from the previous quarter's dividend of $0.09.
- The dividend is for all shareholders of record on August 4, 2023, and will be paid on August 11, 2023.
- "We are extremely pleased with this announcement that we can raise our dividend from $0.09 per share to $0.10 per share, an 11.1% increase," said Alice P. Frazier, President and CEO.
- "This dividend increase is important to our shareholders and reflects the consistent success we are having executing on our strategic goals."
YMCA,
Oatlands Historic House & Gardens,
City of Hope,
University,
United Community Bank,
Stone Tower,
Agriculture,
AAS,
Business,
Inova Health System,
Research,
Dulles International Airport,
Cabinet,
Loudoun Times-Mirror,
Business administration,
Forestry,
Northern Virginia Community College,
City,
Community,
National Home,
Jewish National Fund Tree of Life Award,
Spirit,
OTC,
Murder of Ryan Poston,
Sentara Northern Virginia Medical Center,
PTBS,
Bank,
Transport,
National COVID-19 Commission Advisory Board,
Management,
Nursing,
Loudoun Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.
Key Points:
- Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.
- Stone Tower is one of the most visited wineries in the region and a sought-after wedding venue.
- "We are pleased to welcome Mike to the Board of Directors," stated Dr. Keith Berkeley, Chairman of the Board for PTBS and BCT.
- Additionally, Huber helped raise over $2.8 million for the Virginia Vine "Jimmy V" charity by hosting auction galas at his Stone Tower Winery.
Insurance,
Treasury,
Total,
FHLB,
ERM,
Community banking models,
Tax,
AFS,
FDIC,
Sale,
Compact disc,
PPP,
ROA,
Community,
The Company,
Federal Reserve,
Risk,
CECL,
OTC,
Growth,
Bank,
BCT,
ROE,
Geography,
Cryptocurrency,
Beauty salon,
Mobile phone,
Video game,
Self storage,
Real estate,
Reinsurance,
Life insurance,
Investment,
Visa Investment securities were $88.6 million as of Q1 2023, compared to $88.4 million as of Q1 2022.
Key Points:
- Investment securities were $88.6 million as of Q1 2023, compared to $88.4 million as of Q1 2022.
- Net interest income was $6.5 million for the quarter compared to $5.2 million in the first quarter of 2022, and $6.8 million in Q4 2022.
- Return on Assets (ROA) for the first quarter 2023 was 1.09% compared to 0.95% in the first quarter of 2022, and 1.13% in the linked quarter.
- Return on Equity (ROE) for the first quarter was 13.52% compared to 11.14% in the first quarter of 2022, and 14.74% in the linked quarter.
