Bank of Clarke earnings up for 3Q

Posted: October 29, 2013

Star staff report

Eagle Financial Services, Bank of Clarke County’s holding company, is reporting third-quarter earnings that are 20 percent higher than third-quarter 2012.

The income went from $1.3 million (37 cents per diluted share) in 2012 to $1.5 million (44 cents per share) in 2013, according to a news release from Eagle Financial Services.

President and CEO John R. Milleson said in the release the company can better focus on growth of its loan portfolio thanks to stabilizing credit quality metrics.

“The $0.76 dividend per share for 2013 is the 27th consecutive year with a dividend increase and a testimony to management’s and the board of directors’ confidence in the Company’s strategic growth plans,” he says.

Based in Berryville, Bank of Clarke County has locations throughout Winchester, Clarke County and Frederick County.