Potomac Bancshares Reports 32% Year-Over-Year Increase in Q3 2025 Earnings
Potomac Bancshares (OTCID: PTBS) reported Q3 2025 net income of $2.3M or $0.56 per share, a 32% year‑over‑year increase and a $0.14 per share rise from Q3 2024. Nine‑month net income was $6.6M (+36% YoY). Key metrics: ROA 0.98%, ROE 11.62%, net interest margin 3.54%, efficiency ratio 67.95%, tangible book value per share up 11% YoY to $19.39, and deposits up 11% YoY. The board authorized a stock repurchase plan for up to 100,000 shares or $2.0M through Oct 19, 2027. Bank of Charles Town will be renamed Potomac Bank on Nov 3, 2025.
Potomac Bancshares (OTCID: PTBS) ha riportato l'utile netto del terzo trimestre 2025 di $2.3M o $0.56 per azione, un aumento del 32% rispetto all'anno precedente e un incremento di $0.14 per azione rispetto al terzo trimestre 2024. L'utile netto dei primi nove mesi è stato di $6.6M (+36% YoY). Indicatori chiave: ROA 0.98%, ROE 11.62%, margine di interessi netti 3.54%, rapporto di efficienza 67.95%, valore contabile tangibile per azione in aumento dell'11% YoY a $19.39, e depositi in aumento dell'11% YoY. Il consiglio ha autorizzato un piano di riacquisto azioni fino a 100.000 azioni o 2,0 milioni di dollari entro il 19 ottobre 2027. Bank of Charles Town sarà rinominata Potomac Bank il 3 novembre 2025.
Potomac Bancshares (OTCID: PTBS) reportó ingresos netos del tercer trimestre de 2025 de $2.3M o $0.56 por acción, un aumento del 32% interanual y un alza de $0.14 por acción respecto al tercer trimestre de 2024. Los ingresos netos de los primeros nueve meses fueron $6.6M (+36% interanual). Métricas clave: ROA 0.98%, ROE 11.62%, margen de intereses netos 3.54%, ratio de eficiencia 67.95%, valor contable tangible por acción sube 11% interanual a $19.39, y depósitos suben 11% interanual. La junta autorizó un plan de recompra de acciones de hasta 100,000 acciones o $2.0M hasta el 19 de oct de 2027. Bank of Charles Town será renombrado Potomac Bank el 3 de nov de 2025.
Potomac Bancshares (OTCID: PTBS) 2025년 3분기 순이익은 $2.3M 또는 주당 $0.56로, 전년동기 대비 32% 증가했으며 2024년 3분기 대비 주당 $0.14 상승했습니다. 9개월 순이익은 $6.6M로 YoY +36%입니다. 주요 지표: ROA 0.98%, ROE 11.62%, 순이자마진 3.54%, 효율성 비율 67.95%, 주당 실질 장부가치가 YoY 11% 상승하여 $19.39, 예치금 YoY 11% 증가. 이사회는 2027년 10월 19일까지 최대 100,000주 또는 $2.0M의 자사주 매입 계획을 승인했습니다. Bank of Charles Town는 2025년 11월 3일에 Potomac Bank로 명칭이 변경될 예정입니다.
Potomac Bancshares (OTCID: PTBS) a rapporté le bénéfice net du troisième trimestre 2025 de $2.3M soit $0.56 par action, en hausse de 32% sur un an et de $0.14 par action par rapport au T3 2024. Le bénéfice net des neuf premiers mois s’établit à $6.6M (+36% YoY). Principales métriques : ROA 0.98%, ROE 11.62%, marge nette d’intérêts 3.54%, ratio d’efficacité 67.95%, valeur comptable tangible par action en hausse de 11% YoY à $19.39, dépôts en hausse de 11% YoY. Le conseil d’administration a autorisé un plan de rachat d’actions pour jusqu’à 100,000 actions ou 2.0 M$ jusqu’au 19 oct. 2027. Bank of Charles Town sera renommée Potomac Bank le 3 nov. 2025.
Potomac Bancshares (OTCID: PTBS) berichtete über das Quartalsnetto 3Q 2025 von $2.3M oder $0.56 pro Aktie, eine yoy Erhöhung von 32% und einen Anstieg von $0.14 pro Aktie gegenüber Q3 2024. Das Neunmonatsnetto betrug $6.6M (+36% YoY). Zentrale Kennzahlen: ROA 0.98%, ROE 11.62%, Nettozinsspanne 3.54%, Effizienzgrad 67.95%, rechnerischer Buchwert je Aktie um 11% YoY auf $19.39, Einlagen gestiegen um 11% YoY. Der Vorstand hat einen Aktienrückkaufplan für bis zu 100.000 Aktien oder 2,0 Mio. USD bis zum 19. Oktober 2027 genehmigt. Bank of Charles Town wird am 3. November 2025 in Potomac Bank umbenannt.
Potomac Bancshares (OTCID: PTBS) ذكرت صافي الدخل للربع الثالث 2025 بمقدار $2.3M أو $0.56 للسهم، بزيادة 32% على أساس سنوي وارتفاع بمقدار $0.14 للسهم مقارنة بالربع الثالث من 2024. صافي الدخل لغاية تسعة أشهر كان $6.6M (+36% على أساس سنوي). المعايير الأساسية: ROA 0.98%، ROE 11.62%، هامش الفوائد الصافية 3.54%، نسبة الكفاءة 67.95%، قيمة الدفترية الملموسة للسهم ارتفعت 11% على أساس سنوي لتصل إلى 19.39 دولار، والودائع زادت 11% على أساس سنوي. وافق المجلس على خطة إعادة شراء أسهم لغاية 100,000 سهم أو 2.0 مليون دولار حتى 19 أكتوبر 2027. سيُعاد تسمية Bank of Charles Town إلى Potomac Bank في 3 نوفمبر 2025.
Potomac Bancshares (OTCID: PTBS) 报告2025年第三季度净利润为 $2.3M 或每股 $0.56，同比增长 32%，较2024年第三季度每股上涨 $0.14。九个月净利润为 $6.6M（同比增长 36%）。关键指标：ROA 0.98%，ROE 11.62%，净利差 3.54%，效率比 67.95%，每股有形账面价值同比上涨 11% 到 $19.39，存款同比增长 11%。董事会批准了一项股票回购计划，最多至 100,000 股或 2.0 百万美元，有效期至 2027 年 10 月 19 日。Charles Town 银行将于 2025 年 11 月 3 日更名为 Potomac Bank。
- Net income +32% year‑over‑year to $2.3M in Q3 2025
- EPS increased $0.14 year‑over‑year to $0.56
- Tangible book value per share +11% year‑over‑year to $19.39
- Deposits +11% year‑over‑year to $833.4M
- Board authorized stock repurchase plan up to 100,000 shares or $2.0M
- Net unrealized losses on securities portfolio of $5.0M
- Cost of funds rose 13 basis points quarter‑over‑quarter to 1.94% driven by higher deposit costs
This reflects a
For the nine months ending September 30, 2025, the Company reported net income of
Quarterly Financial Highlights
(
in thousands, except per share data)
|
|
Q3 2025 |
Q2 2025 |
Q3 2024 |
|
Net Income |
|
|
|
|
EPS (basic and diluted) |
|
|
|
|
0.98 % |
0.91 % |
0.79 % |
|
|
11.62 % |
10.83 % |
9.92 % |
|
|
|
|
|
|
|
Non-GAAP Measures: |
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|
|
|
Adj. Net Income |
|
|
|
|
Adj. EPS (basic and diluted) |
|
|
|
|
Adj. ROA |
0.98 % |
0.94 % |
0.79 % |
|
Adj. ROE |
11.62 % |
11.18 % |
9.92 % |
|
Adj. Pre-Provision, Pre-Tax Earnings |
|
|
|
|
Adj. Pre-Provision, Pre-Tax ROA |
1.35 % |
1.31 % |
1.12 % |
|
Net Interest Margin |
3.54 % |
3.48 % |
3.24 % |
|
Efficiency Ratio |
67.95 % |
68.19 % |
71.69 % |
Non-GAAP financial measures provide additional insight into the Company's core operating performance by excluding certain non-recurring items. See "Non-GAAP Financial Measures" and "Non-GAAP Reconciliations" for additional information and detailed calculations of adjustments.
"We are pleased with our strong third-quarter performance," said Alice Frazier, President and CEO of Potomac Bancshares. "Revenue growth, margin expansion, and disciplined expense management contributed to improved profitability. We continue to see strength in our commercial banking division and an opportunity to gain new clients as an SBA preferred lender."
Frazier continued, "Our tangible book value per share increased
Third Quarter Highlights
Key highlights of the three-month period ending September 30, 2025, are as follows. Comparisons are to the three-month period ending June 30, 2025, unless otherwise stated:
- Net income increased
12% , and32% year-over-year - Return on assets was
0.98% - Return on equity was
11.62% - Deposit balances increased
5% , and11% year-over-year - Asset quality metrics remained strong with NPAs at
0.22% of total assets - Tangible book value per share increased
11% year-over-year to$19.39 - Quarterly cash dividend on common stock remained
$0.13
Net Interest Income
Net interest income increased
Noninterest Income
Noninterest income totaled
Noninterest Expense
Noninterest expenses totaled
Asset Quality
Overview
Asset quality remained strong during the third quarter. Loans past due greater than 30 days and still accruing interest were
Provision for Credit Losses
Provision for credit losses totaled
Allowance for Credit Losses on Loans
The allowance for credit losses on loans totaled
The following table provides the changes in the allowance for credit losses on loans for the three-month periods ended:
(dollars in thousands)
|
|
Q3 2025 |
Q2 2025 |
Q3 2024 |
|
Allowance for credit losses on loans, beginning |
|
|
|
|
Net (charge-offs) recoveries |
(13) |
(46) |
37 |
|
Provision for credit losses on loans |
159 |
225 |
179 |
|
Allowance for credit losses on loans, ending |
|
|
|
Allowance for Credit Losses on Unfunded Commitments
The allowance for credit losses on unfunded commitments totaled
Balance Sheet
As of September 30, 2025, total assets were
Loans totaled
Deposits grew to
Securities available for sale totaled
Other borrowings totaled
Shareholders' equity totaled
The following table provides capital ratios at the end of the period:
|
|
Q3 2025 |
Q2 2025 |
Q3 2024 |
|
Total capital ratio (2) |
13.74 % |
13.50 % |
13.79 % |
|
Tier 1 capital ratio (2) |
12.66 % |
12.43 % |
12.69 % |
|
Common equity Tier 1 capital ratio (2) |
12.66 % |
12.43 % |
12.69 % |
|
Leverage ratio (2) |
9.84 % |
9.91 % |
9.67 % |
|
Tangible common equity to tangible assets (1)(3) |
8.35 % |
8.42 % |
8.32 % |
Shareholder Dividend
During the third quarter of 2025, the Company paid a quarterly cash dividend of
Stock Repurchase Plan
On October 19, 2025, the Company's board of directors authorized a stock repurchase plan pursuant to which Potomac Bancshares, Inc. may repurchase up to the aggregate of 100,000 shares or
Potomac Bancshares, Inc. intends to purchase shares periodically through privately negotiated transactions or in the open market. The Company's board of directors authorized the purchase plan to run through October 19, 2027, unless the entire amount authorized to be repurchased has been acquired before that date. Potomac Bancshares, Inc. intends to fund the repurchase plan with a combination of cash on hand and cash generated from ongoing operations.
There is no guarantee as to the exact number of, or value of, shares that will be repurchased by the Company, and Potomac Bancshares, Inc. may discontinue repurchases at any time that management determines additional repurchases are unwarranted. The timing and amount of share repurchases under the stock repurchase plan will depend on a number of factors, including Potomac Bancshares, Inc. stock price performance, ongoing capital planning considerations, and general market conditions.
Bank of Charles Town Announces New Name
On November 3, 2025, Bank of
The name Potomac Bank was chosen to symbolize the powerful connection shared among the diverse communities the bank serves, all united by the namesake Potomac River, which has shaped the region's geography, history, and prosperity. This transition is a natural progression that honors the bank's heritage and values while celebrating the shared connection that unites the bank's identity.
Non-GAAP Financial Measures
In addition to financial statements prepared in accordance with
The Company believes certain non-GAAP financial measures enhance the understanding of its business, performance, and financial position. Non-GAAP financial measures are supplemental and not a substitute for, or more important than, financial measures prepared in accordance with GAAP and may not be comparable to those reported by other financial institutions. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure is included at the end of this release.
About Potomac Bancshares
Potomac Bancshares, Inc. (OTCID: PTBS) is the bank holding company of Bank of
The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.
Forward-Looking Statements
Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, such as statements about the Company's growth strategy and deployment of capital. Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in such forward-looking statements include, but are not limited to, the following: (1) general economic conditions, especially in the communities and markets in which the Company conducts its business; (2) credit risk, including risk that negative credit quality trends may lead to a deterioration of asset quality, risk that our allowance for credit losses may not be sufficient to absorb actual losses in the Company's loan portfolio, and risk from concentrations in the Company's loan portfolio; (3) changes in the real estate market, including the value of collateral securing portions of the Company's loan portfolio; (4) changes in the interest rate environment; (5) operational risk, including cybersecurity risk and risk of fraud, data processing system failures, and network breaches; (6) changes in technology and increased competition, including competition from non-bank financial institutions; (7) changes in consumer preferences, spending and borrowing habits, demand for our products and services, and customers' performance and creditworthiness; (8) difficulty growing loan and deposit balances; (9) the Company's ability to effectively execute its business plan; (10) changes in regulations, laws, taxes, government policies, monetary policies and accounting policies affecting bank holding companies and their subsidiaries, including changes in deposit insurance premiums; (11) deterioration in the financial condition of the
Contacts
|
Alice P. Frazier |
M. Shane Bell |
|
President and CEO |
Executive Vice President and CFO |
|
304-728-2431 |
304-728-2434 |
|
POTOMAC BANCSHARES, INC. |
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Performance Summary |
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(in thousands, except share and per share data) |
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(unaudited) |
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For the Three Months Ended |
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For the Nine Months Ended |
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September 30, |
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June 30, |
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September 30, |
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September 30, |
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September 30, |
|
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2025 |
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2025 |
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2024 |
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2025 |
|
2024 |
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Income Statement |
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|
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|
|
|
Interest and dividend income: |
|
|
|
|
|
|
|
|
|
|
|
Interest and fees on loans |
|
$ 10,447 |
|
$ 9,682 |
|
$ 8,984 |
|
$ 29,630 |
|
$ 25,571 |
|
Taxable interest on securities |
|
709 |
|
710 |
|
678 |
|
2,134 |
|
2,008 |
|
Tax-exempt interest on securities |
|
30 |
|
28 |
|
29 |
|
87 |
|
86 |
|
Other interest and dividends |
|
1,060 |
|
989 |
|
1,274 |
|
2,723 |
|
3,135 |
|
Total interest and dividend income |
|
$ 12,246 |
|
$ 11,409 |
|
$ 10,965 |
|
$ 34,574 |
|
$ 30,800 |
|
Interest expense: |
|
|
|
|
|
|
|
|
|
|
|
Interest on deposits |
|
$ 3,717 |
|
$ 3,324 |
|
$ 3,648 |
|
$ 10,146 |
|
$ 10,098 |
|
Interest on short term borrowings |
|
1 |
|
2 |
|
7 |
|
9 |
|
20 |
|
Interest on long term borrowings |
|
312 |
|
309 |
|
217 |
|
934 |
|
351 |
|
Interest on subordinated debt |
|
152 |
|
140 |
|
140 |
|
433 |
|
420 |
|
Total interest expense |
|
$ 4,182 |
|
$ 3,775 |
|
$ 4,012 |
|
$ 11,522 |
|
$ 10,889 |
|
Net interest income |
|
$ 8,064 |
|
$ 7,634 |
|
$ 6,953 |
|
$ 23,052 |
|
$ 19,911 |
|
Provision for credit losses |
|
200 |
|
225 |
|
202 |
|
675 |
|
511 |
|
Net interest income after provision for credit losses |
|
$ 7,864 |
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$ 7,409 |
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$ 6,751 |
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$ 22,377 |
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$ 19,400 |
|
Noninterest Income: |
|
|
|
|
|
|
|
|
|
|
|
Wealth and investments |
|
$ 525 |
|
$ 498 |
|
$ 514 |
|
$ 1,528 |
|
$ 1,364 |
|
Service charges on deposit accounts |
|
217 |
|
225 |
|
273 |
|
702 |
|
784 |
|
Gains / fees on sale of mortgage loans |
|
408 |
|
351 |
|
169 |
|
1,006 |
|
640 |
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ATM and check card fees |
|
543 |
|
518 |
|
522 |
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1,536 |
|
1,535 |
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Income from bank owned life insurance |
|
102 |
|
100 |
|
98 |
|
299 |
|
311 |
|
Net losses on sale of securities |
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- |
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- |
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- |
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- |
|
(386) |
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Net loss on disposal of premises & equipment |
|
(1) |
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- |
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(1) |
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(3) |
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(1) |
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Net gain(loss) on sale of SBA loans |
|
- |
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- |
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- |
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- |
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- |
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Other operating income |
|
120 |
|
74 |
|
180 |
|
441 |
|
481 |
|
Total noninterest income |
|
$ 1,914 |
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$ 1,766 |
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$ 1,755 |
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$ 5,509 |
|
$ 4,728 |
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Noninterest expenses: |
|
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|
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Salaries and employee benefits |
|
$ 3,732 |
|
$ 3,760 |
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$ 3,322 |
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$ 10,860 |
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$ 9,565 |
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Occupancy |
|
310 |
|
310 |
|
278 |
|
964 |
|
820 |
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Equipment |
|
351 |
|
344 |
|
353 |
|
1,071 |
|
1,087 |
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Accounting, audit, and compliance |
|
72 |
|
70 |
|
83 |
|
211 |
|
191 |
|
Advertising and public relations |
|
115 |
|
112 |
|
103 |
|
345 |
|
287 |
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Data processing |
|
413 |
|
453 |
|
485 |
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1,318 |
|
1,409 |
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FDIC assessment |
|
111 |
|
104 |
|
99 |
|
314 |
|
287 |
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Other professional fees |
|
208 |
|
140 |
|
206 |
|
480 |
|
462 |
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Trust professional fees |
|
190 |
|
144 |
|
119 |
|
505 |
|
351 |
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Director and committee fees |
|
93 |
|
68 |
|
75 |
|
258 |
|
256 |
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Legal fees |
|
47 |
|
23 |
|
31 |
|
103 |
|
212 |
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Supplies |
|
55 |
|
66 |
|
57 |
|
200 |
|
195 |
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Communications |
|
119 |
|
112 |
|
99 |
|
343 |
|
300 |
|
ATM and check card expense |
|
269 |
|
264 |
|
247 |
|
773 |
|
760 |
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Other operating expenses |
|
700 |
|
529 |
|
691 |
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1,740 |
|
1,700 |
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Total noninterest expenses |
|
$ 6,785 |
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$ 6,499 |
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$ 6,248 |
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$ 19,485 |
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$ 17,882 |
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Income before income tax expense |
|
$ 2,993 |
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$ 2,676 |
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$ 2,258 |
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$ 8,401 |
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$ 6,246 |
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Income tax expense |
|
671 |
|
602 |
|
497 |
|
1,817 |
|
1,389 |
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Net income |
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$ 2,322 |
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$ 2,074 |
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$ 1,761 |
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$ 6,584 |
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$ 4,857 |
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POTOMAC BANCSHARES, INC. |
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Performance Summary |
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(in thousands, except share and per share data) |
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(unaudited) |
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As of or For the Three Months Ended |
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As of or For the Nine Months Ended |
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September 30, |
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June 30, |
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September 30, |
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September 30, |
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September 30, |
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2025 |
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2025 |
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2024 |
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2025 |
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2024 |
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Common Share and Per Common Share Data |
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Earnings per common share, basic |
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$ 0.56 |
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$ 0.50 |
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$ 0.42 |
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$ 1.59 |
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$ 1.17 |
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Adjusted earnings per common share, basic (1) |
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$ 0.56 |
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$ 0.52 |
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$ 0.42 |
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$ 1.61 |
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$ 1.25 |
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Weighted average shares, basic |
|
4,144,561 |
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4,144,561 |
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4,144,561 |
|
4,144,561 |
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4,144,561 |
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Earnings per common share, diluted |
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$ 0.56 |
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$ 0.50 |
|
$ 0.42 |
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$ 1.59 |
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$ 1.17 |
|
Adjusted earnings per common share, diluted (1) |
|
$ 0.56 |
|
$ 0.52 |
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$ 0.42 |
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$ 1.61 |
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$ 1.25 |
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Weighted average shares, diluted |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
Shares outstanding at period end |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
Tangible book value per share at period end (1) |
|
$ 19.39 |
|
$ 18.70 |
|
$ 17.49 |
|
$ 19.39 |
|
$ 17.49 |
|
Cash dividends |
|
$ 0.13 |
|
$ 0.13 |
|
$ 0.12 |
|
$ 0.38 |
|
$ 0.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Key Performance Ratios |
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
0.98 % |
|
0.91 % |
|
0.79 % |
|
0.97 % |
|
0.76 % |
|
Adjusted return on average assets (1) |
|
0.98 % |
|
0.94 % |
|
0.79 % |
|
0.98 % |
|
0.81 % |
|
Return on average equity |
|
11.62 % |
|
10.83 % |
|
9.92 % |
|
11.44 % |
|
9.45 % |
|
Adjusted return on average equity (1) |
|
11.62 % |
|
11.18 % |
|
9.92 % |
|
11.56 % |
|
10.04 % |
|
Net interest margin (1) |
|
3.54 % |
|
3.48 % |
|
3.24 % |
|
3.51 % |
|
3.23 % |
|
Efficiency ratio (1) |
|
67.95 % |
|
68.19 % |
|
71.69 % |
|
67.87 % |
|
71.40 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Balances |
|
|
|
|
|
|
|
|
|
|
|
Average assets |
|
$ 936,572 |
|
$ 912,253 |
|
$ 884,167 |
|
$ 910,244 |
|
$ 852,667 |
|
Average earning assets |
|
905,307 |
|
881,485 |
|
853,386 |
|
879,144 |
|
822,962 |
|
Average shareholders' equity |
|
79,290 |
|
76,808 |
|
70,637 |
|
76,947 |
|
68,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Quality |
|
|
|
|
|
|
|
|
|
|
|
Loan charge-offs |
|
$ 23 |
|
$ 58 |
|
$ 22 |
|
$ 103 |
|
$ 158 |
|
Loan recoveries |
|
10 |
|
13 |
|
59 |
|
43 |
|
128 |
|
Net charge-offs |
|
13 |
|
45 |
|
(37) |
|
60 |
|
30 |
|
Non-accrual loans |
|
2,138 |
|
2,245 |
|
2,638 |
|
2,138 |
|
2,638 |
|
Other real estate owned, net |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Nonperforming assets (5) |
|
2,138 |
|
2,245 |
|
2,638 |
|
2,138 |
|
2,638 |
|
Loans 30 to 89 days past due, accruing |
|
694 |
|
726 |
|
60 |
|
694 |
|
60 |
|
Loans over 90 days past due, accruing |
|
- |
|
151 |
|
- |
|
- |
|
- |
|
Special mention loans |
|
15,635 |
|
15,711 |
|
14,055 |
|
15,635 |
|
14,055 |
|
Substandard loans, accruing |
|
1,125 |
|
1,150 |
|
1,463 |
|
1,125 |
|
1,463 |
|
NPA/Total Assets |
|
0.22 % |
|
0.24 % |
|
0.30 % |
|
0.22 % |
|
0.30 % |
|
PD/Total Loans |
|
0.09 % |
|
0.10 % |
|
0.01 % |
|
0.09 % |
|
0.01 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Ratios (2) |
|
|
|
|
|
|
|
|
|
|
|
Total capital |
|
$ 100,875 |
|
$ 99,097 |
|
$ 93,943 |
|
$ 100,875 |
|
$ 93,943 |
|
Tier 1 capital |
|
92,921 |
|
91,290 |
|
86,485 |
|
92,921 |
|
86,485 |
|
Common equity tier 1 capital |
|
92,921 |
|
91,290 |
|
86,485 |
|
92,921 |
|
86,485 |
|
Total capital to risk-weighted assets |
|
13.74 % |
|
13.50 % |
|
13.79 % |
|
13.82 % |
|
13.79 % |
|
Tier 1 capital to risk weighted assets |
|
12.66 % |
|
12.43 % |
|
12.69 % |
|
12.73 % |
|
12.69 % |
|
Common equity Tier 1 capital to risk weighed assets |
|
12.66 % |
|
12.43 % |
|
12.69 % |
|
12.73 % |
|
12.69 % |
|
Leverage ratio |
|
9.84 % |
|
9.91 % |
|
9.67 % |
|
9.84 % |
|
9.67 % |
|
POTOMAC BANCSHARES, INC. |
|
|
|
|
|
|
|
|
|
|
|
Performance Summary |
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Period Ended |
||||||||
|
|
|
September 30, |
|
June 30, |
|
March 31, |
|
December 31, |
|
September 30, |
|
|
|
2025 |
|
2025 |
|
2025 |
|
2024 |
|
2024 |
|
Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
$ 4,648 |
|
$ 4,638 |
|
$ 4,673 |
|
$ 5,143 |
|
$ 5,014 |
|
Interest-bearing deposits in other financial institutions |
|
115,174 |
|
67,636 |
|
66,844 |
|
59,621 |
|
67,337 |
|
Cash and cash equivalents |
|
$ 119,822 |
|
$ 72,274 |
|
$ 71,517 |
|
$ 64,764 |
|
$ 72,351 |
|
Securities available for sale, at fair value |
|
77,935 |
|
76,787 |
|
76,763 |
|
77,385 |
|
82,146 |
|
Equity securities, at fair value |
|
278 |
|
246 |
|
243 |
|
241 |
|
223 |
|
Restricted securities |
|
1,932 |
|
2,037 |
|
2,023 |
|
2,103 |
|
2,328 |
|
Loans held for sale |
|
2,946 |
|
5,682 |
|
2,234 |
|
1,506 |
|
1,219 |
|
Loans, net of allowance for credit losses |
|
724,611 |
|
729,065 |
|
709,160 |
|
697,132 |
|
679,558 |
|
Premises and equipment, net |
|
8,164 |
|
8,107 |
|
8,240 |
|
8,099 |
|
7,832 |
|
Accrued interest receivable |
|
2,592 |
|
2,439 |
|
2,478 |
|
2,283 |
|
2,382 |
|
Bank owned life insurance |
|
14,275 |
|
14,174 |
|
14,074 |
|
13,977 |
|
13,878 |
|
Other assets |
|
9,456 |
|
9,528 |
|
8,851 |
|
9,859 |
|
9,414 |
|
Total assets |
|
$ 962,011 |
|
$ 920,339 |
|
$ 895,583 |
|
$ 877,349 |
|
$ 871,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing demand deposits |
|
$ 204,355 |
|
$ 176,708 |
|
$ 186,182 |
|
$ 171,681 |
|
$ 172,941 |
|
Savings and interest-bearing demand deposits |
|
629,062 |
|
618,155 |
|
586,200 |
|
582,677 |
|
576,809 |
|
Total deposits |
|
$ 833,417 |
|
$ 794,863 |
|
$ 772,382 |
|
$ 754,358 |
|
$ 749,750 |
|
Short term borrowings |
|
3,013 |
|
2,793 |
|
3,052 |
|
3,170 |
|
3,503 |
|
Long term borrowings |
|
29,000 |
|
29,000 |
|
29,000 |
|
31,000 |
|
31,000 |
|
Subordinated debt |
|
10,000 |
|
9,989 |
|
9,973 |
|
9,958 |
|
9,942 |
|
Accrued interest payable |
|
1,037 |
|
1,148 |
|
987 |
|
1,266 |
|
1,041 |
|
Other liabilities |
|
5,185 |
|
5,056 |
|
4,140 |
|
4,181 |
|
3,586 |
|
Total liabilities |
|
$ 881,652 |
|
$ 842,849 |
|
$ 819,534 |
|
$ 803,933 |
|
$ 798,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock |
|
$ 4,493 |
|
$ 4,493 |
|
$ 4,493 |
|
$ 4,493 |
|
$ 4,493 |
|
Surplus |
|
14,547 |
|
14,547 |
|
14,547 |
|
14,547 |
|
14,547 |
|
Retained Earnings |
|
68,815 |
|
67,032 |
|
65,497 |
|
63,806 |
|
62,331 |
|
Accumulated other comprehensive (loss), net |
|
(4,002) |
|
(5,088) |
|
(4,994) |
|
(5,936) |
|
(5,368) |
|
|
|
$ 83,853 |
|
$ 80,984 |
|
$ 79,543 |
|
$ 76,910 |
|
$ 76,003 |
|
Less cost of shares acquired for the treasury |
|
(3,494) |
|
(3,494) |
|
(3,494) |
|
(3,494) |
|
(3,494) |
|
Total shareholders' equity |
|
$ 80,359 |
|
$ 77,490 |
|
$ 76,049 |
|
$ 73,416 |
|
$ 72,509 |
|
Total liabilities and shareholders' equity |
|
$ 962,011 |
|
$ 920,339 |
|
$ 895,583 |
|
$ 877,349 |
|
$ 871,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan Data |
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ 45,979 |
|
$ 46,882 |
|
$ 42,954 |
|
$ 39,404 |
|
$ 35,260 |
|
Secured by farmland |
|
7,594 |
|
6,732 |
|
6,707 |
|
6,769 |
|
6,820 |
|
Secured by 1-4 family residential loans |
|
256,973 |
|
253,798 |
|
250,436 |
|
247,299 |
|
244,125 |
|
Other real estate loans |
|
345,208 |
|
355,690 |
|
344,953 |
|
345,904 |
|
340,027 |
|
Loans to farmers (except secured by real estate) |
|
128 |
|
118 |
|
237 |
|
190 |
|
195 |
|
Commercial and industrial loans (except those secured by real estate) |
|
66,965 |
|
63,763 |
|
61,348 |
|
54,205 |
|
49,972 |
|
Consumer installment loans |
|
2,845 |
|
2,860 |
|
2,910 |
|
2,910 |
|
2,994 |
|
Deposit overdraft |
|
122 |
|
103 |
|
85 |
|
518 |
|
74 |
|
All other loans |
|
6,302 |
|
6,478 |
|
6,710 |
|
6,910 |
|
7,188 |
|
Total loans |
|
$ 732,116 |
|
$ 736,424 |
|
$ 716,340 |
|
$ 704,109 |
|
$ 686,655 |
|
Allowance for credit losses |
|
(7,505) |
|
(7,359) |
|
(7,180) |
|
(6,977) |
|
(7,097) |
|
Loans, net |
|
$ 724,611 |
|
$ 729,065 |
|
$ 709,160 |
|
$ 697,132 |
|
$ 679,558 |
|
POTOMAC BANCSHARES, INC. |
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Reconciliations |
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of or for the Three Months Ended |
|
As of or for the Nine Months Ended |
||||||
|
|
|
September 30, |
|
June 30, |
|
September 30, |
|
September 30, |
|
September 30, |
|
|
|
2025 |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Adjusted Net Income |
|
|
|
|
|
|
|
|
|
|
|
Net income (GAAP) |
|
$ 2,322 |
|
$ 2,074 |
|
$ 1,761 |
|
$ 6,584 |
|
$ 4,857 |
|
Add: Loss on sale of securities |
|
- |
|
- |
|
- |
|
- |
|
386 |
|
Add: Core system conversion expense |
|
- |
|
85 |
|
- |
|
85 |
|
- |
|
Total adjustments |
|
$ - |
|
$ 85 |
|
$ - |
|
$ 85 |
|
$ 386 |
|
Subtract: Tax effect of adjustment (4) |
|
- |
|
(18) |
|
- |
|
(18) |
|
(81) |
|
Adjusted net income (non-GAAP) |
|
$ 2,322 |
|
$ 2,141 |
|
$ 1,761 |
|
$ 6,651 |
|
$ 5,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Earnings Per Share, Basic |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares, basic |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
Basic earnings per share (GAAP) |
|
$ 0.56 |
|
$ 0.50 |
|
$ 0.42 |
|
$ 1.59 |
|
$ 1.17 |
|
Adjusted earnings per share, basic (Non-GAAP) |
|
$ 0.56 |
|
$ 0.52 |
|
$ 0.42 |
|
$ 1.61 |
|
$ 1.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Earnings Per Share, Diluted |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares, diluted |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
Diluted earnings per share (GAAP) |
|
$ 0.56 |
|
$ 0.50 |
|
$ 0.42 |
|
$ 1.59 |
|
$ 1.17 |
|
Adjusted earnings per share, diluted (Non-GAAP) |
|
$ 0.56 |
|
$ 0.52 |
|
$ 0.42 |
|
$ 1.61 |
|
$ 1.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Pre-Provision, Pre-tax earnings |
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
$ 8,064 |
|
$ 7,634 |
|
$ 6,953 |
|
$ 23,052 |
|
$ 19,911 |
|
Total noninterest income |
|
1,914 |
|
1,766 |
|
1,755 |
|
5,509 |
|
4,728 |
|
Net revenue |
|
$ 9,978 |
|
$ 9,400 |
|
$ 8,708 |
|
$ 28,561 |
|
$ 24,639 |
|
Total noninterest expense |
|
6,785 |
|
6,499 |
|
6,248 |
|
19,485 |
|
17,882 |
|
Pre-provision, pre-tax earnings |
|
$ 3,193 |
|
$ 2,901 |
|
$ 2,460 |
|
$ 9,076 |
|
$ 6,757 |
|
Add: Loss on sale of securities |
|
- |
|
- |
|
- |
|
- |
|
386 |
|
Add: Core system conversion expense |
|
- |
|
85 |
|
- |
|
85 |
|
- |
|
Adjusted pre-provision, pre-tax earnings |
|
$ 3,193 |
|
$ 2,986 |
|
$ 2,460 |
|
$ 9,161 |
|
$ 7,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Performance Ratios |
|
|
|
|
|
|
|
|
|
|
|
Average assets |
|
$ 936,572 |
|
$ 912,253 |
|
$ 884,167 |
|
$ 910,244 |
|
$ 852,667 |
|
Return on average assets (GAAP) |
|
0.98 % |
|
0.91 % |
|
0.79 % |
|
0.97 % |
|
0.76 % |
|
Adjusted return on average assets (Non-GAAP) |
|
0.98 % |
|
0.94 % |
|
0.79 % |
|
0.98 % |
|
0.81 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Average shareholders' equity |
|
$ 79,290 |
|
$ 76,808 |
|
$ 70,637 |
|
$ 76,947 |
|
$ 68,676 |
|
Return on average equity (GAAP) |
|
11.62 % |
|
10.83 % |
|
9.92 % |
|
11.44 % |
|
9.45 % |
|
Adjusted return on average equity (Non-GAAP) |
|
11.62 % |
|
11.18 % |
|
9.92 % |
|
11.56 % |
|
10.04 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-provision, pre-tax return on average assets |
|
1.35 % |
|
1.28 % |
|
1.12 % |
|
1.33 % |
|
1.06 % |
|
Adjusted pre-provision, pre-tax return on average assets |
|
1.35 % |
|
1.31 % |
|
1.12 % |
|
1.35 % |
|
1.12 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Interest Margin |
|
|
|
|
|
|
|
|
|
|
|
Tax-equivalent net interest income |
|
$ 8,070 |
|
$ 7,640 |
|
$ 6,959 |
|
$ 23,070 |
|
$ 19,929 |
|
Average earning assets |
|
905,307 |
|
881,485 |
|
853,386 |
|
879,144 |
|
822,962 |
|
Net interest margin |
|
3.54 % |
|
3.48 % |
|
3.24 % |
|
3.51 % |
|
3.23 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Efficiency Ratio |
|
|
|
|
|
|
|
|
|
|
|
Total noninterest expense |
|
$ 6,785 |
|
$ 6,499 |
|
$ 6,248 |
|
$ 19,485 |
|
$ 17,882 |
|
Subtract: Core sytstem conversion expense |
|
- |
|
(85) |
|
- |
|
(85) |
|
- |
|
Total noninterest expense subtotal |
|
$ 6,785 |
|
$ 6,414 |
|
$ 6,248 |
|
$ 19,400 |
|
$ 17,882 |
|
Tax-equivalent net interest income |
|
$ 8,070 |
|
$ 7,640 |
|
$ 6,959 |
|
$ 23,070 |
|
$ 19,929 |
|
Total noninterest income |
|
$ 1,914 |
|
$ 1,766 |
|
$ 1,755 |
|
$ 5,509 |
|
$ 4,728 |
|
Add: Net losses on disposal of premises & equipment |
|
1 |
|
- |
|
1 |
|
3 |
|
1 |
|
Add: Net losses on sale of investment securities, AFS |
|
- |
|
- |
|
- |
|
- |
|
386 |
|
Total noninterest income subtotal |
|
1,915 |
|
1,766 |
|
1,756 |
|
5,512 |
|
5,115 |
|
Subtotal |
|
$ 9,985 |
|
$ 9,406 |
|
$ 8,715 |
|
$ 28,582 |
|
$ 25,044 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Efficiency ratio |
|
67.95 % |
|
68.19 % |
|
71.69 % |
|
67.87 % |
|
71.40 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax-Equivalent Net Interest Income |
|
|
|
|
|
|
|
|
|
|
|
GAAP measures: |
|
|
|
|
|
|
|
|
|
|
|
Interest income - loans |
|
$ 10,447 |
|
$ 9,682 |
|
$ 8,984 |
|
$ 29,630 |
|
$ 25,571 |
|
Interest income - investments taxable |
|
709 |
|
710 |
|
678 |
|
2,134 |
|
2,008 |
|
Interest income - investments tax exempt |
|
30 |
|
29 |
|
29 |
|
87 |
|
86 |
|
Interest income - other |
|
1,060 |
|
989 |
|
1,274 |
|
2,723 |
|
3,135 |
|
Interest expense - deposits |
|
(3,717) |
|
(3,324) |
|
(3,648) |
|
(10,146) |
|
(10,098) |
|
Interest expense - short term borrowings |
|
(1) |
|
(2) |
|
(7) |
|
(9) |
|
(20) |
|
Interest expense - long term borrowings |
|
(312) |
|
(309) |
|
(217) |
|
(934) |
|
(351) |
|
Interest expense - subordinated debt |
|
(152) |
|
(141) |
|
(140) |
|
(433) |
|
(420) |
|
Net interest income |
|
$ 8,064 |
|
$ 7,634 |
|
$ 6,953 |
|
$ 23,052 |
|
$ 19,911 |
|
Non-GAAP measures: |
|
|
|
|
|
|
|
|
|
|
|
Add: Tax benefit realized on non-taxable interest income - municipal securities (4) |
|
$ 6 |
|
$ 6 |
|
$ 6 |
|
$ 18 |
|
$ 18 |
|
Tax benefit realized on non-taxable interest income |
|
$ 6 |
|
$ 6 |
|
$ 6 |
|
$ 18 |
|
$ 18 |
|
Tax equivalent net interest income |
|
$ 8,070 |
|
$ 7,640 |
|
$ 6,959 |
|
$ 23,070 |
|
$ 19,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible Book Value Per Share |
|
|
|
|
|
|
|
|
|
|
|
Tangible common equity |
|
$ 80,359 |
|
$ 77,490 |
|
$ 72,509 |
|
$ 80,359 |
|
$ 72,509 |
|
Common shares outstanding, ending |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
4,144,561 |
|
Tangible book value per share |
|
$ 19.39 |
|
$ 18.70 |
|
$ 17.49 |
|
$ 19.39 |
|
$ 17.49 |
|
|
|
(1) Non-GAAP financial measures. See "Non-GAAP Financial Measures" and "Non-GAAP Reconciliations" for additional information and detailed calculations of adjustments. |
|
(2) Capital ratios are for Bank of |
|
(3) Capital ratios are for Potomac Bancshares, Inc. |
|
(4) The tax rate utilized in calculating the tax benefit is |
|
(5) Nonperforming assets are comprised of nonaccrual loans and other real estate owned. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/potomac-bancshares-reports-32-year-over-year-increase-in-q3-2025-earnings-302597677.html
SOURCE Potomac Bancshares, Inc.
FAQ
What were Potomac Bancshares (PTBS) Q3 2025 earnings per share and net income?
How did Potomac Bancshares' deposits and loans change in Q3 2025 for PTBS?
What share repurchase program did Potomac Bancshares announce for PTBS?
Will Potomac Bancshares pay a dividend in Q3 2025 and how much is it for PTBS?
What capital and profitability ratios did Potomac Bancshares report for Q3 2025 (PTBS)?
When will Bank of Charles Town change its name to Potomac Bank and why?
