Core Insights - Potomac Bancshares, Inc. has appointed three new members to its Board of Directors: Matthew Lowers, Amit Puri, and Dr. Angela Wilson, effective January 20, 2026 [1][2] Group 1: Board Appointments - Matthew Lowers is a co-founder and managing partner of Seekye Capital, a private equity firm focused on profitable service and trade businesses in the DMV area. He has a background in founding Wholesale Screening Solutions, which was acquired and rebranded as InformData [3] - Amit Puri is an expert in space operations with experience in high-profile missions, currently serving as President and CEO of Kurtek, a space communications company. He previously founded Ingenicomm, which was acquired by Braxton Science & Technology Group in 2017 [4] - Dr. Angela Wilson is the founder and former CEO of SeKON, an IT firm focused on public health solutions, which was acquired by Alpha Omega in January 2025. She is also involved in real estate investment and serves as Chair of the Loudoun Economic Development Authority [5][6] Group 2: Company Overview - Potomac Bank, a wholly owned subsidiary of Potomac Bancshares, Inc., was founded in 1871 and renamed on November 3, 2025. As of September 30, 2025, the bank has approximately $962 million in assets [8] - The bank operates through its main office, eight branch offices, and two loan production offices across West Virginia and Virginia, offering a range of financial services including commercial and residential loans, and is a Small Business Administration (SBA) Preferred Lender [8] - Potomac Bank has received multiple accolades, including being voted "Loudoun's Favorite" in various categories in the 2025 LoudounNow readers' poll and recognized as a "Top 200 Community Bank" by American Banker in 2023 [8]

Core Insights - Potomac Bank has been recognized as a 2025 "Best Banks to Work For" by American Banker, marking its sixth selection in the last seven years [1][5]. Company Overview - Potomac Bank, founded in 1871 and renamed on November 3, 2025, is a wholly owned subsidiary of Potomac Bancshares, Inc. with approximately $962 million in assets as of September 30, 2025 [5]. - The bank operates through its main office and eight branch offices, providing a range of financial services including commercial and residential loans, trust services, and online banking [5]. Employee Satisfaction and Corporate Culture - The "Best Banks to Work For" program, initiated in 2013, evaluates banks based on employee satisfaction, with a focus on engaged leadership, corporate culture, job training, and employee benefits [2][3]. - Potomac Bank emphasizes creating a workplace where employees feel valued, offering initiatives such as employee ownership, paid time off for volunteering, and fostering a fun work environment [4][5]. Recognition and Awards - In addition to the "Best Banks to Work For" recognition, Potomac Bank has received multiple accolades, including being voted "Loudoun's Favorite" in various categories and recognized as a "Top 200 Community Bank" by American Banker in 2023 [5].

Core Viewpoint - Potomac Bank has been recognized as the "best" in four financial services categories in the 2025 Best of the Best Readers' Choice Awards by the Martinsburg Journal-News, marking a significant achievement for the bank and its team [1][2]. Company Overview - Potomac Bank, previously known as Bank of Charles Town since its founding in 1871, adopted its new name on November 3, 2025, to unify its offices across the Potomac River region [1][3]. - The bank operates with approximately $962 million in assets as of September 30, 2025, and has a network of one main office, eight branch offices, and two loan production offices located in West Virginia, Maryland, and Virginia [3]. Services Offered - Potomac Bank provides a range of financial services including commercial lines and term loans, residential and commercial construction loans, commercial real estate loans, agricultural loans, and government contractor loans [3]. - The bank is a Small Business Administration (SBA) Preferred Lender and offers various mortgage products, including secondary market and portfolio mortgage loans, home equity loans, and lines of credit [3]. Awards and Recognition - In addition to the 2025 Best of the Best awards, Potomac Bank was also recognized as a "Loudoun's Favorite" in multiple categories in the 2025 LoudounNow readers' poll [3]. - The bank has been named a "Top 200 Community Bank" by American Banker in 2023 and has received the "Best Bank To Work For" award five times since 2019 [3].

Financial Performance - The company reported net income of $2.1 million for Q2 2025, an increase of $654 thousand from $1.4 million in Q2 2024, with earnings per share rising from $0.34 to $0.50 [1][2] - For the first half of 2025, net income reached $4.3 million, up from $3.1 million in the same period of 2024, with earnings per share increasing from $0.75 to $1.03 [2][27] - Adjusted net income for Q2 2025 was $2.141 million, with adjusted earnings per share at $0.52, compared to $1.725 million and $0.42 in Q2 2024 [3][10] Revenue and Income Sources - Net interest income increased by $280 thousand, or 4%, to $7.6 million in Q2 2025 compared to Q1 2025, while total interest and dividend income rose by $490 thousand [5][27] - Noninterest income totaled $1.8 million in Q2 2025, a decrease of $63 thousand from Q1 2025, primarily due to a drop in other operating income [8][27] Asset Quality and Loan Performance - Nonperforming assets as a percentage of total assets were 0.24% as of June 30, 2025, compared to 0.25% in Q1 2025 and 0.34% in Q2 2024 [11][29] - Loan balances increased by 11% annualized in Q2 2025, with total loans reaching $736.4 million [10][16] Deposits and Borrowings - Total deposits increased by $22.5 million, or 12% annualized, to $794.9 million in Q2 2025 [18][29] - Other borrowings totaled $31.8 million, with a significant portion from the Federal Home Loan Bank of Pittsburgh [19] Shareholder Value and Capital Ratios - The company increased its quarterly cash dividend by 8% to $0.13 per share [10][21] - Shareholders' equity rose to $77.5 million, an increase of $1.4 million from Q1 2025 [20][29] Management Commentary - The CEO highlighted a 9% annualized revenue growth and robust loan and deposit growth, expressing optimism for the year ahead despite economic challenges [4][10]