Oak View National Bank reported strong second-quarter 2018 results, with net income increasing 9.2% year over year and six-month earnings rising 33.4% compared to the first half of 2017. The bank continued to experience robust growth in loans, deposits, and assets, with loans increasing nearly 20%, deposits growing 18.7%, and total assets rising 17.9% from the previous year.

Management noted that while rising interest rates and competitive pressures affected net interest margins, the bank remained focused on managing growth responsibly and improving profitability. Noninterest income also increased through higher service charge revenue, card fee income, and mortgage-related activity. Despite a challenging rate environment, Oak View maintained strong financial performance and continued expanding its presence as a community-focused bank serving Fauquier, Culpeper, and surrounding counties.

To read the full press release, click the button below:
Press Release