POTOMAC BANCSHARES, INC. REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS
In the fourth quarter, we hired a Director of Government Lending to build this unit and expand our government lending strategy.
- 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.