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John Marshall Bancorp , Inc. Reports 10th Consecutive Quarter of Record Earnings July 21 , 2021 Strong Momentum and Growth Continue RESTON , VA -- ( BUSINESS WIRE ) -- John Marshall Bancorp , Inc. ( OTCQB : JMSB ) ( the " Company " ) , parent company of John Marshall Bank ( the " Bank " ) , reported its financial results for the three and six months ended June 30 , 2021 . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20210721005578/en/ Net Income ( in thousands ) $ 6,079 $ 5,074 $ 4,804 $ 4,663 $ 4,472 $ 4,501 $ 4,559 $ 4,030 $ 3.809 $ 3,610 102019 202019 302019 402019 102020 202020 302020 402020 102021 202021 Net Income ( in thousands ) ( Graphic : Business Wire ) Selected Highlights Total Assets ( in millions ) $ 1,623 $ 1,582 $ 1,513 $ 1,494 $ 1,425 $ 2,066 $ 2,010 $ 1,885 $ 1,862 $ 1,803 1Q2019 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 Total Assets ( in millions ) ( Graphic : Business Wire ) • Tenth Consecutive Quarter of Record Earnings - The Company reported net income of $ 6.1 million for the three months ended June 30 , 2021 , a 33.3 % increase over the $ 4.6 million reported for the three months ended June 30 , 2020. The Company reported net income of $ 11.2 million for the six months ended June 30 , 2021 , a 23.1 % increase over the $ 9.1 million reported for the six months ended June 30 , 2020. Earnings per diluted share for the three months ended June 30 , 2021 were $ 0.44 , a 33.3 % increase over the $ 0.33 reported for the three months ended June 30 , 2020. Earnings per diluted share for the six months ended June 30 , 2021 were $ 0.80 , a 21.2 % increase over the $ 0.66 reported for the six months ended June 30 , 2020. Return on average assets was 1.20 % and return on average equity was 12.64 % for the three months ended June 30 , 2021. Return on average assets was 1.13 % and return on average equity was 11.78 % for the six months ended June 30 , 2021 . • Strong Growth - Year - over - year total assets increased 14.6 % or $ 263.3 million to $ 2.07 billion at June 30 , 2021 . Gross loans net of unearned income increased $ 49.5 million or 3.3 % from June 30 , 2020 to June 30 , 2021. Gross loans net of unearned income and Paycheck Protection Program ( " PPP " ) loans grew $ 115.4 million or 8.4 % from June 30 , 2020 to June 30 , 2021. Total deposits grew $ 253.4 million or 16.2 % from June 30 , 2020 to June 30 , 2021 . Non - interest bearing demand deposits grew 20.1 % or $ 80.0 million from June 30 , 2020 to June 30 , 2021 . • Asset Quality Remains Pristine - For the seventh consecutive quarter , the Company had no non - performing loans and no other real estate owned at quarter - end June 30 , 2021. As of June 30 , 2021 , the Company had no loans more than 15 days past due . The Company had $ 90 thousand and $ 91 thousand in charge - offs during the three months and six months ended June 30 , 2021 , respectively , compared to no charge - offs during the same periods in 2020. Troubled debt restructurings were $ 473 thousand at June 30 , 2021 , a decrease of $ 160 thousand , from $ 633 thousand at June 30 , 2020. The Company had no COVID modifications as of June 30 ,