Bank of Botetourt posts profitable second quarter financial results
BUCHANAN, Va., July 28, 2022 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the three and six months-end June 30, 2022.
- BUCHANAN, Va., July 28, 2022 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the three and six months-end June 30, 2022.
- The Bank produced net income amounting to $1,763,000 or $0.91 per basic share in the second quarter.
- As a result, $730,000 thousand of PPP loans remain on the balance sheet at the end of the second quarter.
- Bank of Botetourt also operates a mortgage division, Virginia Mountain Mortgage and a financial services division, Botetourt Wealth Management.