Potomac Bancshares Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported interest income of $2,890,000 compared to $3,047,000 a year ago. Net interest income was $2,537,000 compared to $2,490,000 a year ago. Income before income tax expense was $800,000 compared to $482,000 a year ago. Net income was $502,000 or $0.15 per basic and diluted share compared to $362,000 or $0.11 per basic and diluted share a year ago.

For the year, the company reported interest income of $11,702,000 compared to $12,571,000 a year ago. Net interest income was $10,099,000 compared to $9,671,000 a year ago. Income before income tax expense was $2,404,000 compared to loss before income tax benefit of $2,260,000 a year ago. Net income was $1,639,000 or $0.48 per basic and diluted share compared to net loss of $1,010,000 or $0.30 per basic and diluted share a year ago. Annualized return on average equity was 6.18%. Annualized return on average assets was 0.56%. Book value per share as on December 31, 2012 was $7.94 compared to $7.51 as of December 31, 2011.