Potomac Bancshares, Inc. Reports 2021 Third Quarter Results
Retrieved on:
Tuesday, October 26, 2021
Consensus, Round 1, David Roe, CARES Act, ROA, Financial management, Acceleration, Round 2, Knowledge, Public relations, PTBS, Allpoint, Private Securities Litigation Reform Act, Trust, PPP, Income, Forward-looking statement, Community banking models, BCT, Food, Company, Forgiveness, The Company, OTC, Growth, Consensus decision-making, Advertising, State bank, ROE, Community, Bank, Board of directors, Insurance, Reinsurance, Pension fund, Security (finance), Lithium, Animal, Video game, Real estate
ROA for the quarter was 1.10% up from last year's quarterly ROA of 0.71%, and up from the second quarter 2021 of 1.04%.
Key Points:
- ROA for the quarter was 1.10% up from last year's quarterly ROA of 0.71%, and up from the second quarter 2021 of 1.04%.
- ROE for the quarter was 13.21% compared to 8.07% in the same quarter of the prior year, and up from the second quarter 2021 of 12.28%.
- Net interest income increased $699 thousand to $5.2 million for the quarter ending September 30, 2021, compared to the quarter ending September 30, 2020.
- PPP fees and interest recognized in the quarter ending September 30, 2021, were $456 thousand compared to $492 thousand realized during the second quarter of 2021.