Win tickets to see the smash hit musical Mamma Mia at the Roanoke Civic Center. Two winners will each receive four tickets!
Valley Financial Corp. and HomeTown Bankshares Corp. both exceeded last year's firs quarter earnings.
Friday, April 26, 2013
Roanoke’s two locally based community banks reported a profitable first quarter in recent days.
Valley Financial Corp., parent company of Valley Bank in Roanoke, announced Thursday that it earned nearly $1.7 million during the first three months of the year, 2 percent more than during the same quarter of 2012.
Net income available to common shareholders was $1.5 million, after reductions related to preferred stock.
Total assets grew at Valley Financial grew to $793.5 million.
HomeTown Bankshares Corp., parent company of HomeTown Bank, on Friday reported a first-quarter profit of $525,000. It said its latest quarterly profit exceeded that of a year ago by 21 percent after excluding a one-time, deferred tax benefit in the 2012 period.
Net income available to common shareholders during its latest quarter was $372,000, after reductions related to preferred stock.
Total assets at HomeTown grew to $379.9 million.
Weather JournalBreather before next wintry system