Potomac Bancshares, Inc. reports developments tied to its role as the bank holding company for Potomac Bank, a community bank serving markets in West Virginia, Maryland and Northern Virginia. Recurring updates cover quarterly earnings, net interest margin trends, loan and deposit activity, common-stock dividends, and branch or market expansion.
Company news also highlights Potomac Bank's commercial banking, treasury management, commercial real estate lending, residential mortgage, trust, wealth and investment services. Leadership appointments, banker hires, community partnerships and the bank's history from Bank of Charles Town to Potomac Bank are recurring parts of its public-company profile.
Potomac Bancshares (PTBS) reported third-quarter net income of $2.6 million, up year over year as assets surpassed the billion-dollar mark. Earnings per share were $0.63, versus $0.56 a year earlier and $0.80 in the preceding quarter. Net interest margin reached 3.79%, compared with 3.54% a year earlier and 3.76% in the second quarter. Nine-month net income rose 36% to $9.0 million.
Deposits grew $51.6 million during the quarter, while gross loans increased $6.5 million. Noninterest expense rose 9% sequentially to $7.8 million, and the credit-loss provision increased to $350 thousand. Net charge-offs reached $537 thousand, versus $244 thousand in the preceding quarter. Securities portfolio unrealized losses increased to $7.5 million. The company issued $15.0 million of subordinated debt and redeemed $10.0 million of older debt. Book value per share reached $21.13, up 9% year over year.
Potomac Bancshares (PTBS) declared a quarterly cash dividend of $0.15 per common share, payable on November 12, 2026. Shareholders of record on November 5, 2026, are eligible for the payment. The board declared the dividend at its October meeting.
Potomac Bank (PTBS) announced Anthony Ranghelli’s promotion to Chief Innovation and Strategy Officer, a new senior leadership role overseeing organization-wide innovation. He will oversee strategic transformation initiatives and retain responsibility for IT, Digital, Information Security and Fintech initiatives.
Potomac Bank (PTBS) appointed Lisa Kilgour as Executive Vice President and Chief Operations Officer to oversee operations planning and daily execution. Her responsibilities include banking systems, payment processing, card services, deposit operations, loan operations and facilities.
Kilgour has more than 40 years of community bank experience. She previously held the same role at MainStreet Bank for 9 years and served in senior management at Middleburg Bank for over 22 years. She joins Potomac Bank's executive team.
Potomac Bank (PTBS) employees’ BCTCares Foundation raised $120,000 for local food charities through its annual Pack the ’Pack campaign. The total surpassed last year’s $104,000 record. Four partner nonprofits will each receive $30,000 to buy food for children and families. Since 2019, the foundation has donated $601,000 to address local food insecurity.
Potomac Bank (OTC: PTBS) appointed Carolyn K. Johnson as Senior Vice President, Director of Digital and Payment Strategy, effective August 13, 2026. She will oversee client experiences in digital banking and payment services, bringing prior leadership roles at LINKBANK, Virginia Partners Bank, and PNC.
Potomac Bank (OTC: PTBS) announced it was voted WINNER in the LoudounNow 2026 Loudoun's Favorites readers poll in five financial services categories: Bank, Financial Planning firm, Investment Company (BCT Investments), Mortgage Company, and Mortgage Broker (Steve Cowen). It was also named RUNNER-UP for Banker (Paul Bice), marking the third consecutive year the bank has received multiple category wins in this local Loudoun County, Virginia poll.
Potomac Bank (OTC:PTBS) announced the appointment of Tim C. Valentine as Vice President, Commercial Relationship Manager and SBA Lending Officer, based in Ashburn, Virginia. He will focus on developing relationships with Northern Virginia business owners, particularly those suited for SBA-guaranteed loans, supporting the bank’s SBA portfolio growth and community-focused strategy.
Potomac Bancshares (OTCID: PTBS) reported Q2 2026 net income of $3.3 million, or $0.80 per share, up 9% from Q1 2026 and 60% from Q2 2025. Q2 return on average assets was 1.32% and return on average equity was 15.52%. For the first half of 2026, net income was $6.4 million, or $1.54 per share, a 49% increase over the prior year period.
Net interest income rose 9% linked-quarter, with net interest margin expanding to 3.76% and the efficiency ratio improving to 61.15%. Loans grew 7% annualized (5% year-over-year) and deposits 1% annualized (7% year-over-year). Noninterest income declined 9% from Q1 2026 but increased 47% versus Q2 2025. Asset quality remained favorable, with nonperforming assets at 0.05% of total assets and allowance for credit losses on loans at 1.03% of total loans.
Total assets reached $981.4 million, shareholders' equity $86.9 million, and the bank remained well-capitalized, including a total capital ratio of 14.04% and CET1 ratio of 12.97%. The quarterly cash dividend was raised 15% to $0.15 per share, which was also declared for Q3 2026, and a previously authorized stock repurchase plan for up to 100,000 shares or $2.0 million remained unused.
Potomac Bank (OTC:PTBS) has expanded its Residential Lending team by appointing Gail Moxley as Senior Vice President, Senior Mortgage Loan Officer, based in Martinsburg, West Virginia. She is tasked with growing mortgage loan originations in West Virginia’s Eastern Panhandle and will originate mortgage loans in all 50 states.
According to Potomac Bank, Moxley brings over 25 years of experience from CNB Bank across commercial and residential lending, retail, and collections. A long-time local resident and community volunteer, she is active with Berkeley Senior Services, Home Consortium of the Eastern Panhandle, and the Rotary Club of Martinsburg.