The Board of Directors of Fauquier Bankshares Inc. announced a quarterly dividend of $0.20 per share. This dividend was declared for shareholders of record as of the close of business on March 19, 2010 and will be payable on April 1, 2010. The $0.20 per share dividend represents a $0.80 dividend on an annualized basis.

Fauquier Bankshares Inc. reported earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the bank reported net income of $0.815 million as compared with $0.767 million for the same quarter in 2008, representing an increase of 6.3%. Earnings per basic and diluted share were $0.23 compared to $0.22 for the same quarter in 2008. Net interest income was $5.68 million against $4.84 million a year ago. Income before income taxes was $1.03 million against $0.909 million a year ago. Return on average assets was 0.58% and return on average equity was 7.55% for the fourth quarter of 2009, compared with 0.60% and 7.45%, respectively, for the fourth quarter of 2008. Interest income was $7.27 million against $7.1 million for the same period in the last year. Book value at the period ended December 31, 2009 was $11.86 per share against $11.64 per share as at December 31, 2008. Net interest income after provision for loan losses was $4.9 million against $3.3 million for the same period in the last year. For the year, the bank reported net income of $3.41 million or $0.95 per basic and diluted share, compared with $3.65 million or $1.04 per basic share and $1.03 per diluted share for 2008, a decrease of 6.4%. The decline in net income for 2009 versus 2008 was due primarily to increases in Federal Deposit Insurance Corporation (FDIC) expenses and impairment losses related to securities held in the company's investment portfolio, along with proxy contest expenses. The weak national economy brought about the failure of a large number of banks throughout the United States. As result, the bank has been burdened with significantly higher assessment expense from the FDIC. The weak national economy was also a chief factor generating the impairment losses in the bank's investment portfolio. Net interest income was $21.27 million against $19.45 million a year ago. Income before income taxes was $4.57 million against $5.01 million a year ago. Return on average assets was 0.64% and return on average equity was 8.08%, compared with 0.73% and 8.65%, respectively, for 2008. Interest income was $28.1 million against $28.8 million for the same period in the last year. Net interest income after provision for loan losses was $19.7 million against $16.2 million for the same period in the last year. Income excluding non-GAAP adjustments before taxes was $5.10 million for 2009. Income excluding non-GAAP adjustments after taxes was $3.8 million or $1.046 per fully-diluted share for 2009. Net loan charge-offs for the fourth quarter of 2009 were $0.526 million against $1.41 million for the same period in the last year.

Fauquier Bankshares Inc. will mark the official opening of two new local branches on January 16, 2010 from 10 a.m. to 2 p.m., offering food, fun and prizes for families who visit the Haymarket or View Tree branch celebrations. On January 11, 2010 the bank also will open its newly constructed View Tree - Warrenton banking office near the Giant Food shopping center in Warrenton. Visitors at the View Tree branch will see an environmentally sensitive building that the bank hopes to qualify for the Leadership in Energy and Environmental Design (LEED) green building certification from the U.S. Green Building Council (USGBC).

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