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Third Quarter Results Of Community Bankers Trust Corporation (BTC) Declared

|Includes:Community Bankers Trust Corporation (ESXB)

Community Bankers Trust Corporation (BTC), the holding company for Essex Bank, reported a net loss available to common stockholders of $1.6 million for the third quarter of 2010. This compares with a net loss available to common stockholders of $2.2 million for the third quarter of 2009, an improvement of $604,000, or a decrease in loss per share, on a diluted basis, of $0.03, from $0.10 to $0.07.

The Henrico County-based holding company for Essex Bank reported a net loss available to common stockholders of $1.6 million, or 7 cents per share, for the third quarter, compared with a loss available to common stockholders of $2.2 million, or 10 cents per share, for the third quarter of 2009.

Total interest and dividend income fell 5.4 percent because of a decrease in the average balance of total loans to $684 million in the third quarter from $731.6 million in the third quarter of 2009 for BTC.

Total interest expense declined $1.9 million, from $6.4 million in the third quarter of 2009 to $4.5 million in the third quarter of 2010. The average rates paid were 2.48% in the third quarter of 2009 and 1.77% in the third quarter of 2010. BTC's current strategy of de-leveraging its balance sheet has enabled it to aggressively price deposits downward.

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Stocks: ESXB