First Virginia Community Bank (OTCBB:FVCB) has reported strong performance numbers for Q3 2016.

The company’s Q3 reports indicate that the unaudited net earnings of the company in Q3 2016 were $1.6 million. Earnings in terms of shares were reported as $0.19 diluted earnings per share. The numbers increased by $143,000 or 9.5% compared to the consolidated earnings reported in Q3, 2015. The company’s net income for the for the nine months ended September 30 this year was $5.2 million and $$4.4 million for the nine months ended September 30, 2015.The diluted earnings per share for the two periods respectively was $0.59 and $0.56.

“We are gratified by our strong growth in loans and deposits as we enter into the fourth quarter of 2016. “Our team of loan and deposit relationship managers continue to expand their reach and our quality bankers and technology enable us to continue to grow efficiently,” stated FVCB chairman and CEO, David W. Pijor.

The bank’s asset base grew to $837.0 million as of September 30 this year, compared to $682.1 million as of September 30, 2015. This means the total assets increased by $154.9 million, or 22.7%. Loans receivable added up to $687.7 million as of September 30, 2016, while the loans receivable for Q3 in the previous period were reported at $562.4 million. The resulting margin was an increase of $125.3 million, or 22.3%.

FVCB also reported an increase in the total deposits as of September 30, 2016, with the deposits at $729.2 million compared to $596.2 million as of September 30, 2015. This means the total deposits increased by $133.0 million, or 22.3%. There was also an increase in non-interest bearing deposits which received a boost to $170.7 million from 121.3 million within the same 12-month duration. The non-interest bearing deposits thus had an overall increase of $49.2 million, or 40.8%.

The numbers reported for wholesale deposits were $60.7 million by the end of Q3 this year as opposed to $52.5 million at the end of Q3, 2015. The strong performance was attributed to the firm’s relationship banking strategy.