CHANTILLY, Va. -- George Mason Bankshares reported a 35% increase in second-quarter earnings as net income totaled $1.06 million, or 42 cents a share.
Return on average assets and average equity for the quarter were 1.12% and 10.88% respectively, compared with 0.96% and 11.57% in the same period a year ago.
Net income for the six months ended June 30, was $2.06 million compared with $1.55 million a year ago.
George Mason's assets grew 14% to $416.5 million.
Loans net of unearned income, increased by 18% to $190 million, and deposits were up 14% to $347 million.
