Business ledger

Robin Gochenour
Gary Rutz

Skyline Team Real Estate
Skyline Team Real Estate announces that Robin Gochenour was the Top Producer, and Gary Rutz was the Top Selling Agent and Top Listing Agent for the month of December 2014.

First National Corp.

First National Corp., the parent company of First Bank, reported annual and quarterly earnings.

Net income totaled $7.6 million and net income available to common shareholders totaled $6.5 million or $1.32 per basic share for the year ending Dec. 31, 2014.

For the fourth quarter, net income totaled $3.7 million and net income available to common shareholders totaled $3.4 million, or $0.68 per basic share.

The return on average assets was 1.45 percent; service charge revenue increased 17 percent to $2.6 million; wealth management revenue increased 13 percent to $1.9 million.

First National expanded into Harrisonburg and Staunton with mortgage division and loan production offices and entered into an agreement to acquire six branch banking offices in Virginia.

Book value per common share increased from $7.96 to $9.17.

Edward Jones

The financial services firm Edward Jones ranked No. 1 in a recent evaluation of brokerage client statements by DALBAR, according to Ann Stalbird, a financial adviser serving the Shenandoah Valley in Woodstock.

This ranking was part of DALBAR’s 17th annual 2014 Trends and Best Practices in Investor Statements report. DALBAR develops standards for, and provides research, ratings and rankings of intangible factors to the financial services industry.

DALBAR analyzed investor statements from 13 brokerage firms. Edward Jones received 90.65 of 100 possible points — the highest of any participating firm.

Edward Jones statements ranked No. 1 in the 2005 and 2007 studies. The firm’s statements earned DALBAR’s “Excellent” designation in 1999, 2004 and 2006 through 2014.

Comment Policy

Print This Article

Local News