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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.
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