Fauquier Bankshares in Va. to Take Charge for Concerning Loan

Fauquier Bankshares in Warrenton, Va., is planning to record a $5.5 million impairment charge tied to a souring loan relationship.

The company disclosed in a regulatory filing Wednesday that, based on a third-party audit, it determined that an $8.5 million relationship, consisting of five loans to one borrower, will likely result in a material impairment.

Fauquier said the impairment will likely range from $4.2 million to $6.4 million. The fourth-quarter charge will reflect an increase to the company's loan-loss allowance.

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