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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.