MIDLOTHIAN, Va., Aug. 15, 2012 (GLOBE NEWSWIRE) -- Bank of Virginia (the "Bank") (Nasdaq:BOVA) ( www.bankofva.com ), reported net income of $145,000, or $0.01 per share, for the quarter ended June 30, 2012, compared to a net loss of $1.3 million, or $(0.12) per share, for the quarter ended June 30, 2011. Quarterly earnings were driven by a release of loan loss reserves totaling $619,000. Net income for the six months ended June 30, 2012 totaled $490,000, an improvement of $3.6 million when compared to the net loss of $3.1 million for the six-months ended June 30, 2011.
Bank Of Virginia Announces Second Quarter Profit
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