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Touchstone Bankshares Reports First Quarter of 2021 Financial Results


Touchstone Bankshares Reports First Quarter of 2021 Financial Results
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PRINCE GEORGE, Va., April 29, 2021 /PRNewswire/  Touchstone Bankshares, Inc. (the Company ) (OTC Pink: TSBA), and its wholly-owned subsidiary, Touchstone Bank (the Bank ), reported unaudited results for the quarter ended March 31, 2021.
The Company reported net income of $919 thousand available to common shareholders for the quarter ended March 31, 2021.  Basic and diluted earnings per common share for the quarter were $0.28 and $0.27, respectively. Return on average assets was 0.69% while return on average common equity was 7.47%. By comparison, the Company s net income for the quarter ended March 31, 2020 was $391 thousand and basic and diluted earnings per common share were $0.12. The return on average assets was 0.34%. For the fourth quarter of 2020, the Company reported net income available to common shareholders of $826 thousan ....

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