Business Ledger

Medics USA
The Medics USA Primary and Urgent Care Center in Winchester will reopen Tuesday with a new physician provider and upgraded facilities. The office, located at 290 Front Royal Pike, has been closed for six weeks.

Dr. Shadi Ayyas is joining Medics USA after 17 years of medical experience around the world. He received a bachelor’s degree from the American University of Beirut, Lebanon, attended Saint Mary’s School of Medicine in New Zealand and completed post-graduate medical training in internal medicine at Riverside Methodist Hospital in Ohio and the University Of Connecticut School of Medicine.

Ayyas spent seven years providing healthcare to U.S. military, diplomatic and business personnel in Abu Dhabi in the United Arab Emirates. He served as head of the primary care program at the Gulf Diagnostic Hospital Center and then became director for internal medicine, general practice and urgent care at the American Gulf Medical Center. After returning from the Gulf, he practiced in a community health program in Ohio. He is fluent in English, Spanish and Arabic.

Office hours are 8 a.m. to 6 p.m. Monday through Friday.

Information: Mike Minnicino at 540-338-3360 ext. 800.

LFCC recognized
Lord Fairfax Community College has been named for the fifth straight year a 2016 Great College to Work For, according to a new workplace satisfaction survey by The Chronicle of Higher Education, a top trade publication for colleges and universities.

Because LFCC was highly rated across multiple categories, the college has also been named an “Honor Roll” institution, one of only 12 community colleges to earn this distinction in 2016. It was one of only three community colleges on the Honor Roll to be recognized in all 10 categories: collaborative governance, compensation and benefits, confidence in senior leadership, facilities, workspace and security, job satisfaction, professional and career development programs, respect and appreciation, supervisor/department chair relationships, teaching environment and work/life balance.

The college also promotes a work atmosphere that supports a proper work-life balance through flexible work schedules, professional development opportunities, free fitness classes and other wellness initiatives.

First National
First National Corporation has reported earnings of $1.4 million and earnings per share of 29 cents for the second quarter, which ended June 30. This is a 30-percent increase from first quarter earnings of $1.1 million and 22 cents per share.

For the first half of 2016, reported earnings totaled $2.5 million or 51 cents per share. Year-to-date earnings for 2016 were positively impacted by higher revenues from net interest income and noninterest income, combined with lower noninterest expenses.

Last year, the company embarked on efficiency initiatives that focused on better use of technology and eliminating unnecessary processes and paperwork across the bank. The initiatives led to improved customer service, higher productivity and reduced expenses.

On April 17, 2015, First Bank, the Company’s banking subsidiary, completed the acquisition of six banking offices with approximately $186.8 million of deposits in the Shenandoah Valley and central Virginia regions from Bank of America.

The bank consolidated one branch at the end of 2015 and has announced a second branch closure that will occur at the end of July 2016.

Total assets of First National increased $10.3 million during the quarter to $711.3 million at June 30, and increased $15.5 million compared to June 30, 2015. Loans, net of the allowance for loan losses, increased $11.3 million, or 3 percent, during the quarter to $459.8 million, and increased $74.2 million, or 19 percent, compared to a year ago.

Total shareholders’ equity increased $1.6 million during the quarter to $49.3 million.

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