The Bank of Fincastle Announces First Quarter Earnings for 2021
News provided by
Share this article
Share this article
FINCASTLE, Va., April 29, 2021 /PRNewswire/ The Bank of Fincastle [SYMBOL: BFTL] has reported an unaudited quarterly net income of $345,680 for the first quarter of 2021, with assets of $272.1 million and total liabilities of $241.4 million.
Executive Management Team, from left:
Peter Sackett, Vice President and Chief Credit Officer
Mike Jasper, Chief Financial Officer
Scott Steele, President and CEO
Sandra Craft, Vice President of Commercial Banking As the COVID-19 pandemic continues to impact our daily lives, we are nonetheless encouraged to see local economic activity returning to more normal levels and improvement in our financial performance. The level of COVID-19 related payment deferrals decreased in the first quarter and now represent 2.92% of the loan portfolio (net of PPP loans), down 89% from their peak, said Scott Steele, President and CE