ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Tuesday, February 13, 1996 TAG: 9602140013
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
SWVA Bancshares
SWVA Bancshares Inc. of Roanoke, holding company of Southwest Virginia Savings Bank, said Monday its income fell $52,000, or 45.61 percent, from $114,000 to $62,000 for the first three months of its fiscal year ended Dec. 31. For six months, earnings fell from $195,000, or 37 cents a share, to $128,000, or 25 cents.
The bank cited an increase in personnel costs from an employee stock benefit plan, fewer loan originations and higher costs of being a stock company. It reported assets of $66 million and said it had one nonperforming loan. It made no provision for loan losse.
CFW Communications Co.
4th qtr. ended 12-31 1995 1994
Revenue $12.6 million $8.9 million
Net income $2.5 million $2.8 million
Share earnings 19 cents 16 cents
Year ended 12-31
Revenues $43.9 million $32.6 million
Net Income $9.5 million $7.6 million
Share earnings 66 cents 63 cents
CFW Communications Co., based in Waynesboro, is a diversified telecommunications company that provides a broad range of products and services to business and residential customers.
LENGTH: Short : 35 linesby CNB