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Community Bankers Trust Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 12, 2021. Its latest SEC filing is a 15-12B from Dec 13, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides deposit accounts, loans and other financial services to individuals, small businesses and larger commercial companies.

How Did They Make Money?

Most income comes from interest on loans and other interest-earning assets, offset by interest paid on deposits and borrowing. The Bank also charges transaction, monthly account and overdraft fees, and earns card fees and commissions from investment products.

FY2020 revenue

Who Were Their Customers?

Individuals, small businesses and larger commercial companies use the Bank’s deposit, lending and other financial services. Consumers can bank through branches, online, mobile and telephone channels; commercial relationships commonly pair loans with customers’ primary deposit accounts.

Did Revenues Turn Into Profits?

Yes. Its net income in FY2020 was larger than its revenue.

Net income, FY2020
535% of revenue
▼ −1% vs FY2019 ($15.7M, 486%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +9%
vs $666K in Q3 FY2020
Net income
▲ +45%
vs $4.5M in Q3 FY2020
  • Dec 3, 2021 United completed its acquisition of Community Bankers Trust Community Bankers Trust and Essex Bank merged into United and United Bank; the company’s shares were delisted from Nasdaq.
  • Jun 3, 2021 Community Bankers Trust agreed to merge with United The agreement called for Essex Bank to merge into United Bank, with United Bank continuing as the surviving bank.

Shrank. Revenue fell 94% in 4 years, from $49.3M in FY2016 to $2.9M in FY2020, about 51% a year.

Broader customer base The latest description adds larger commercial companies alongside individuals and small businesses; the earlier report described the bank as serving individuals and small businesses.

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