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Community Bankers Trust Corporation Reports Results for Third Quarter 2013

  Community Bankers Trust Corporation Reports Results for Third Quarter 2013

Quarterly Net Income of $1.8 million

PR Newswire

GLEN ALLEN, Va., Oct. 25, 2013

GLEN ALLEN, Va., Oct. 25, 2013 /PRNewswire/ --Community Bankers Trust
Corporation (the "Company") (NASDAQ: ESXB), the holding company for Essex Bank
(the "Bank"), today reported results for the third quarter of 2013 including
the following:

Financial

  oNet income for the third quarter of 2013 was $1.8 million, compared with
    net income of $1.6 million for the second quarter of 2013and net income
    of $1.8 million for the third quarter of 2012.
  oNet income of $4.7 million for the nine months ended September 30, 2013 is
    an increase of 17.6%, or $704,000, over the same period in 2012.
  oNon-accrual loans declined $2.6 million, or 16.6%, during the quarter to
    equal $13.0 million at September 30, 2013. Since September 30, 2012, the
    level of non-accrual loans has declined $12.7 million, or 49.3%.
  oThe ratio of the allowance for loan losses to nonaccrual loans increased
    to 81.67% at September 30, 2013 compared with 61.38% at December 31, 2012
    and 55.59% at September 30, 2012.

Strategic

  oDuring the quarter, the Bank entered into an agreement to sell its four
    branches in Georgia and approximately $192.2 million in related deposits
    to Community & Southern Bank. The transfer is expected to be completed on
    November 8, 2013. Accordingly, these deposits were classified as
    "deposits held for sale" on the balance sheet at September 30, 2013. This
    transaction will add significant savings to the Company in 2014.
  oManagement entered into a loan sale agreement with another financial
    institution to sell approximately $25.4 million of the loan portfolio in
    Georgia. Likewise, these loans were classified as "loans held for sale"
    at September 30, 2013. This transaction is scheduled to close in late
    October 2013.
  oDuring the quarter, the Company redeemed $4.5 million of the principal on
    its TARP preferred stock investment from the United States Treasury. This
    payment was the first of a plan to extinguish TARP funds by early 2015
    without compromising the Company's capital position. With the redemption,
    the original investment was reduced from $17.680 million to $13.180
    million. The Company plans to continue to make principal payments
    quarterly, subject to required approvals.

Rex L. Smith, III, President and Chief Executive Officer of the Company and
the Bank, stated, "This was a quarter of great progress for the Company. Our
nonperforming loans are the lowest level in over three yearsdemonstrating our
successful efforts to resolve our past credit issues.While the Georgia
branches gave the Company needed liquidity at the time of their acquisition,
they no longerfit with the strategic focus of growth for the franchise. Our
strategy all along has been to consolidate the Company in the appropriate
areas while realigning the balance sheet and clearing our credit problems from
the past. Paying back TARP principal in a non-dilutive manner was also in the
plan and that has begun. The sale of the Georgia branches is the last step in
that strategy and it poises us for future growth in value.

"We can now focus on the markets around our core franchise where we can gain
competitive advantage. We will accomplish this through a combination of de
novo branching, expansion of loan production offices and acquisitionsthat are
accretive in value. This is a key objective that we have worked hard to
reach, and it is one that will build significant value for the Company and our
shareholders"

RESULTS OF OPERATIONS
Net income was $1.8 million for the third quarter of 2013. This compares with
net income of $1.8 million in the third quarter of 2012 and net income of $1.6
million in the second quarter of 2013. Net income available to common
stockholders was $1.5 million in the third quarter of 2013 compared with net
income available to common stockholders of $1.5 million in the third quarter
of 2012 and net income available to common stockholders of $1.3 million in the
second quarter of 2013. Earnings per common share, basic and fully diluted,
were $0.07 per share for the third quarter of 2013 compared with $0.07 per
share for the third quarter of 2012 and $0.06 per share for the second quarter
of 2013.

For the nine months ended September 30, 2013, net income was $4.7 million
compared with $4.0 million for the same period in 2012. Earnings per common
share, basic and fully diluted, were $0.18 and $0.15 for the first nine months
of 2013 and 2012, respectively. Fully diluted earnings per share have
increased sequentially each quarter of 2013 and were $0.05 in the first
quarter, $0.06 in the second quarter and $0.07 in the third quarter. Net
income improved $704,000, or 17.6%, and was driven by a reduction of $2.7
million in noninterest expenses that was partially offset by a $1.7 million
decrease in noninterest income.

The following table presents summary income statements for the three months
and nine months ended September 30, 2013 and September 30, 2012 and the three
months ended June 30, 2013.

SUMMARY INCOME
STATEMENT
(Dollars in        For the three months ended         For the nine months
thousands)                                            ended
                   September    June     September    September    September

                   30,         30,      30,          30,          30,

                   2013         2013     2012         2013         2012
Interest income    $         $       $         $         $   
                   13,171       12,491   12,872       37,828       40,800
Interest expense   1,749        1,791    2,339        5,434        7,638
Net interest       11,422       10,700   10,533       32,394       33,162
income
Provision for loan -            -        -            -            750
losses
Net interest
income after
provision
 for loan losses  11,422       10,700   10,533       32,394       32,412
Noninterest income 593          1,338    2,471        3,257        4,908
Noninterest        9,433        9,758    10,358       28,902       31,611
expense
Net income before  2,582        2,280    2,646        6,749        5,709
income taxes
Income tax expense 800          673      837          2,036        1,700
Net income         1,782        1,607    1,809        4,713        4,009
Dividends on       208          221      221          650          663
preferred stock
Accretion of
preferred stock    73           59       55           190          165
discount
Net income
available to
common
 stockholders     $        $      $        $        $    
                   1,501        1,327    1,533        3,873        3,181
EPS Basic          $       $     $       $       $     
                   0.07         0.06    0.07         0.18         0.15
EPS Diluted        $       $     $       $       $     
                   0.07         0.06    0.07         0.18         0.15



Interest Income
Interest income was $13.2 million for the third quarter of 2013, an increase
of $680,000, or 5.4%, from $12.5 million in the second quarter of 2013. The
primary driver of this linked quarter increase was the pay-off on a commercial
acquisition and development (A&D) loan in the FDIC covered loan portfolio
during the third quarter of 2013. The pool of A&D loans was written down to a
$0 carrying value in 2011, and thus any disposition or settlement results in
dollar-for-dollar interest income recognition. In this instance, the Bank
recognized $895,000 in interest income, with a net profit of $806,000. The
reduction to interest income, resulting in the net profit, is in related
indemnification asset amortization, as covered below.

Interest income increased $299,000, or 2.3%, when comparing the third quarters
of 2013 and 2012. Interest and fees on FDIC covered loans increased $607,000,
or 20.7%, when comparing the third quarter of 2013 to the third quarter of
2012. This was due to the aforementioned disposition of the A&D loan. Loans
covered by the FDIC shared loss agreements either make scheduled principal
payments, payoff, mature or are charged-off and billed at a rate of 80% of
loss to the FDIC. Once these balances decline, amounts represented by the
FDIC guarantee is reduced. Non-covered interest and fees on loans declined
$197,000, or 2.6%, to $7.5 million during the same time period. While loan
balances have grown, competition continues to compress loan yields.
Non-covered loan yield declined from 5.54% in the third quarter of 2012 to
5.03% in the third quarter of 2013. Interest income on securities declined
slightly, by $113,000, to $2.1 million for the third quarter of 2013 when
compared with the third quarter of 2012. The yield on securities, on a
tax-equivalent basis, decreased from 2.88% in the third quarter of 2012 to
2.79% in the third quarter of 2013.

For the nine months ended September 30, 2013, interest income of $37.8 million
represented a decrease of $3.0 million, or 7.3%, from interest income of $40.8
million for the same period in 2012. Interest and fees on FDIC covered loans
declined $2.3 million when comparing the nine months ended September 30, 2013
to the same period in 2012. Interest and fees on non-covered loans was
$22.6 million for the nine months ended September 30, 2013 compared with $23.0
million for the same period in 2012. The rate earned on these balances
declined from 5.54% for the first nine months of 2012 to 5.17% for the first
nine months of 2013. This rate decline was mitigated, in large part, by an
increase of $32.1 million, or 5.8%, in the average balance of non-covered
loans when comparing the nine month periods of 2013 and 2012. Interest and
dividends on securities decreased $370,000 when comparing the first nine
months of 2012 to the same period in 2013, and was $6.2 million for the first
nine months of 2013 compared with $6.6 million for the same period in 2012.
The yield on securities, on a tax-equivalent basis, was 2.73% for the first
nine months of 2013, a decline from 3.03% for the first nine months of 2012.
The lower yield is the result of reinvesting maturing securities in a lower
yielding market, coupled with the purchase of shorter durations.

Interest Expense
Interest expense was $1.7 million for the third quarter of 2013 compared with
interest expense of $1.8 million in the second quarter of 2013, an improvement
of $42,000, or 2.3%. While average interest bearing liabilities increased
$8.2 million during the third quarter, the cost of interest bearing
liabilities declined from 0.79% in the second quarter of 2013 to 0.75% in the
third quarter of 2013.

Year-over-year, interest expense declined $590,000, from $2.3 million in the
third quarter of 2012 to $1.7 million in the third quarter of 2013. This
expense decline of 25.2% resulted from a 27 basis point decline in the cost of
interest bearing funds while average balances increased $7.7 million over the
same period. The cost of deposits declined similarly from 0.95% in the third
quarter of 2012 to 0.72% for the third quarter of 2013. The cost of FHLB and
other borrowings also exhibited improvement, from 2.56% in the third quarter
of 2012 to 1.28% in the third quarter of 2013.

For the nine months ended September 30, 2013, total interest expense declined
$2.2 million, or 28.9%, and was $5.4 million compared with $7.6 million for
the same period in 2012. The cost of interest bearing deposits decreased from
$6.7 million to $4.9 million when comparing the first nine months of 2012 and
2013, respectively. The rate paid on average total interest bearing deposits
declined from 1.02% to 0.75%. The cost of FHLB and other borrowings declined
to 1.38% for the first nine months of 2013 compared with 3.12% for the same
period in 2012. The cost of total interest bearing liabilities decreased from
1.12% for the first nine months of 2012 to 0.79% for the same period in 2013.

Net Interest Income
Net interest income was $11.4 million for the quarter ended September 30,
2013, compared with $10.7 million for the quarter ended June 30, 2013.This
represents an increase of $722,000, or 6.7%. On a tax equivalent basis, net
interest income was $11.5 million for the third quarter of 2013 compared with
$10.8 million for the second quarter of 2013. An increase of 20 basis points
in the yield on earning assets, coupled with a four basis point decline in the
cost of interest bearing liabilities, improved the interest spread and net
interest margin on a linked quarter basis. The primary driver to the increase
in yield was related to the covered loan portfolio, which yielded 18.11% due
to the disposition of the A&D loan mentioned above. The tax equivalent net
interest margin increased from 4.32% in the second quarter of 2012 to 4.55% in
the third quarter of 2013. The interest spread increased from 4.25% to 4.49%
on a linked quarter basis.

Year-over-year, net interest income increased $889,000, or 8.4%, from $10.5
million in the third quarter of 2012 to $11.4 million in the third quarter of
2013. This was primarily the result of an increase in the Company's net
interest spread, from 4.25% in the third quarter of 2012 to 4.49% in the third
quarter of 2013. The most significant factor influencing the positive change
in the interest spread year-over-year was a 27 basis point decline in the cost
of interest bearing liabilities. The Company's net interest margin improved
23 basis points from 4.32% in the third quarter of 2012 to 4.55%, for the same
period in 2013.

For the nine months ended September 30, 2013, net interest income of $32.4
million decreased $768,000, or 2.3%, from net interest income of $33.2 million
for the first nine months of 2012. The Company's net interest spread declined
from 4.51% for the first nine months of 2012 to 4.28% for the same period in
2013. While the cost of interest bearing liabilities declined from 1.12% to
0.79% during the comparison period, the yield on earning assets declined by 56
basis points to 5.07% for the nine month period in 2013. The result was a net
interest margin of 4.35% for the first nine months of 2013 compared with 4.58%
for the first nine months in 2012.

The following tables compare the Company's net interest margin, on a
tax-equivalent basis, for the three months ended September 30, 2013, September
30, 2012 and June 30, 2013 and nine months ended September 30, 2013 and
September 30, 2012.

NET INTEREST MARGIN
(Dollars in thousands)               For the three months ended
                                     September    June         September

                                     30,          30,          30,

                                     2013         2013         2012
Average interest earning assets      $ 1,004,053  $ 1,000,921  $ 981,090
Interest income                      $ 13,171     $ 12,491     $ 12,872
Interest income - tax equivalent     $ 13,261     $ 12,575     $ 12,932
Yield on interest earning assets       5.24%        5.04%        5.27%
Average interest bearing liabilities $ 923,193    $ 914,998    $ 915,514
Interest expense                     $ 1,749      $ 1,791      $ 2,339
Cost of interest bearing liabilities   0.75%        0.79%        1.02%
Net interest income                  $ 11,422     $ 10,700     $ 10,533
Net interest income - tax equivalent $ 11,512     $ 10,784     $ 10,593
Interest spread                        4.49%        4.25%        4.25%
Net interest margin                    4.55%        4.32%        4.32%



                                     For the nine months ended
                                     September       September

                                     30,             30,

                                     2013            2012
Average interest earning assets      $  1,003,813    $ 970,701
Interest income                      $  37,828       $ 40,800
Interest income - tax equivalent     $  38,079       $ 40,982
Yield on interest earning assets        5.07%          5.63%
Average interest bearing liabilities $  922,534      $ 912,070
Interest expense                     $  5,434        $ 7,638
Cost of interest bearing liabilities    0.79%          1.12%
Net interest income                  $  32,394       $ 33,162
Net interest income - tax equivalent $  32,645       $ 33,344
Interest spread                         4.28%          4.51%
Net interest margin                     4.35%          4.58%



Provision for Loan Losses
The Company did not record a provision for loan losses for the first nine
months of 2013. The Company records a separate provision for loan losses for
its non-covered loan portfolio and its FDIC covered loan portfolio. There was
no provision for loan losses on the FDIC covered loan portfolio during the
first nine months of 2013. Likewise, there was no provision for loan losses
on the non-covered loan portfolio during the first nine months of 2013. For
the non-covered loan portfolio, this was partially the result of increased
coverage levels for the ratio of the allowance for loan losses to
nonperforming loans and the ratio of the allowance for loan losses to
nonaccrual loans. A decrease in the level of nonperforming assets to loans
and other real estate owned and the level of net charge-offs for the periods
has resulted in the increased coverage levels. These items will be presented
in greater detail in the Asset Quality section of this press release.

The Company recorded a provision for loan losses of $750,000 for the first
nine months of 2012. The provision for loan losses on non-covered loans was
$1.0 million for the nine months ended September 30, 2012. The provision for
loan losses on the FDIC covered loan portfolio was $0 for the three months and
a $250,000 credit for the nine months ended September 30, 2012. Improvement
in expected losses on the Company's FDIC covered portfolio resulted in the
$250,000 provision benefit during the first quarter of 2012.

Noninterest Income
Noninterest income was $593,000 for the third quarter of 2013 compared with
$1.3 million for the second quarter of 2013. This is a linked quarter
decrease of $745,000, or 55.7%. The most significant factor attributing to
the decline was the loss on the sale of a loan of $614,000 incurred in the
third quarter of 2013. Gain on sale of securities, net declined $92,000 and
other noninterest income declined $79,000 on a linked quarter basis. Service
charges on deposit accounts increased $40,000 during the quarter.

Year-over-year, noninterest income decreased $1.9 million, or 76.0%, from $2.5
million in the third quarter of 2012 to $593,000 in the third quarter of
2013. The loss on the loan sale mentioned above coupled with a reduction in
realized gains on sales of securities resulted in this decline. Realized
gains on sale of securities was $38,000 in the third quarter of 2013 compared
with realized gains of $1.2 million for the same period in 2012. This equaled
a decline of $1.1 million, or 96.8%, year-over-year.

Noninterest income declined $1.7 million, or 33.6%, for the nine month
comparison periods ended September 30, 2013 and September 30, 2012.
Noninterest income of $3.3 million for the first three quarters of 2013
compares with $4.9 million for the same period in 2012. A decrease of
$908,000 in gains on sales of securities represents the largest decrease.
Realized gains were $1.4 million for the first nine months of 2012 compared
with $446,000 for the same period in 2013. The other primary driver for the
decline in noninterest income was related to the aforementioned loss on the
sale of a loan taken in the third quarter of 2013.

Noninterest Expense
On a linked quarter basis, noninterest expenses totaled $9.4 million for the
three months ended September 30, 2013 and $9.8 million for the quarter ended
June 30, 2013, a decline of $325,000, or 3.3%. Salaries and employee benefits
increased $195,000, or 5.0%, during the third quarter of 2013 as management
augmented staffing needs primarily in lending personnel and credit
administration. FDIC indemnification asset amortization increased $124,000,
or 7.8%, on a linked quarter basis and was $1.7 million for thethird quarter
of 2013. This increase is directly attributable to the gain on the sale of
the A&D loan mentioned earlier in this release.

Noninterest expenses declined $925,000, or 8.9%, when comparing the third
quarter of 2013 to the same period in 2012. Other operating expenses declined
$990,000, from $2.3 million in the third quarter of 2012 to $1.3 million in
the third quarter of 2013. Fewer losses or write-downs on the sale or
disposition of OREO properties is the main contributor to the decline in other
operating expenses. Additionally, FDIC assessment charges declined $143,000,
or 38.9%, over these time frames. These declines were partially offset by
slight increases in FDIC indemnification asset amortization and salaries and
wages. FDIC indemnification asset amortization increased $137,000, or 8.7%,
while salaries and employee benefits increased by $68,000, or 1.7%, during the
same time frame.

For the nine months ended September 30, 2013, noninterest expenses were $28.9
million, a decrease of $2.7 million, or 8.6%, from noninterest expenses of
$31.6 million for the nine months ended September 30, 2012. Other operating
expenses declined 14.3%, or $845,000, from $5.9 million for the nine months
ended September 30, 2012 to $5.0 million for the same period in 2013. FDIC
assessment declined $833,000, or 57.5%, from $1.4 million for the nine months
ended September 30, 2012 to $615,000 for the nine months ended September 30,
2013. Indemnification asset amortization of $4.8 million for the nine months
ended September 30, 2013 represented a decrease of 11.7% from $5.4 million
during the same period in 2012. Lastly, salaries and employee benefits were
down $453,000, or 3.6%, for the same time frame.

Income Taxes
Income tax expense was $800,000 for the three months ended September 30, 2013,
compared with income tax expense of $673,000 in the second quarter of 2013.
Income tax expense was $837,000 in the third quarter of 2012. For the nine
months ended September 30, 2013, income tax expense was $2.0 million compared
with $1.7 million for the same period in 2012.

FINANCIAL CONDITION
At September 30, 2013, the Company had total assets of $1.115 billion, a
decrease of $38.3 million, or 3.3%, from total assets of $1.153 billion at
December 31, 2012. Total loans were $646.2million at September 30, 2013,
decreasing $13.9 million from $660.1 million at December 31, 2012 and $2.4
million since September 30, 2012.This decline is solely attributable to the
re-classification of the Georgia loan portfolio to loans held for sale.
Otherwise, loan growth has been steady for the Bank and would have been $18.9
million, excluding the Georgia-based portfolio. As anticipated, the carrying
value of FDIC covered loans declined $7.4 million, or 8.7%, from December 31,
2012 and were $77.3 million at September 30, 2013. Non-covered loans equaled
$569.0 million at September 30, 2013 compared to $575.5 million at December
31, 2012.

The following table shows the composition of the Company's non-covered loan
portfolio at September 30, 2013, June 30, 2013 and December 31, 2012.

NON-COVERED LOANS
(Dollars in        September 30, 2013      June 30, 2013           December 31, 2012
thousands)
                              % of                    % of                    % of
                   Amount     Non-Covered  Amount     Non-Covered  Amount     Non-Covered
                              Loans                   Loans                   Loans
Mortgage loans on
real estate:
   Residential 1-4 $ 140,137  24.63%       $ 141,292  24.04%       $ 135,420  23.52%
   family
   Commercial        233,699  41.07%         244,839  41.65%         246,521  42.83%
   Construction
   and land          53,117   9.33%          61,333   10.43%         61,127   10.62%
   development
   Second            6,577    1.16%          7,002    1.19%          7,230    1.26%
   mortgages
   Multifamily       34,640   6.09%          37,587   6.39%          28,683   4.98%
   Agriculture       8,369    1.47%          8,977    1.53%          10,359   1.80%
    Total real     476,539  83.75%         501,030  85.23%         489,340  85.01%
   estate loans
Commercial loans     85,440   15.02%         79,279   13.49%         77,835   13.52%
Consumer             5,563    0.98%          6,070    1.03%          6,929    1.20%
installment loans
All other loans      1,480    0.26%          1,482    0.25%          1,526    0.27%
    Gross loans    569,022  100.00%        587,861  100.00%        575,630  100.00%
Allowance for loan   (10,653)                (11,523)                (12,920)
losses
Net unearned
income/unamortized
   premium on        (62)                    (104)                   (148)
   loans
Non-covered loans,
net of unearned    $ 558,307               $ 576,234               $ 562,562
income



The Company's securities portfolio, excluding equity securities, decreased
$47.8 million, or 13.6%, from $351.4 million at December 31, 2012 to $303.5
million at September 30, 2013. Realized gains were $446,000 during the first
three quarters of 2013 through sales and call activity. The Company took a
short-term position in a $40 million U.S. Treasury issue at December 31, 2012
to fully invest short-term excess cash balances on deposit by local municipal
governments. The issue matured in the first quarter of 2013 and is the
primary factor for the decrease in securities balances from December 31,
2012. The maturity of these funds was not reinvested but was offset by a
decline in public funds.

The Company had cash and cash equivalents of $30.1 million at September 30,
2013, increasing $6.0 million or 24.8% from $24.1 million at December 31,
2012. There were $7.0 million in Federal funds purchased at September 30,
2013 compared with $5.4 million at December 31, 2012.

The following table shows the composition of the Company's securities
portfolio, excluding equity securities, at September 30, 2013, June 30, 2013
and December 31, 2012.

SECURITIES PORTFOLIO
(Dollars in    September 30, 2013    June 30, 2013         December 31, 2012
thousands)
               Amortized   Fair     Amortized   Fair   Amortized   Fair
               Cost                  Cost        Value     Cost
                           Value                                       Value
Securities
Available
for Sale
U.S.
Treasury
issue and
other
 U.S.
Government   $ 100,518   $ 99,829  $ 113,390   $ 113,205 $ 153,480   $ 153,277
agencies
U.S.
Government     487         489       -           -         500         503
sponsored
agencies
State,
county and     137,396     134,144   135,227     133,435   112,110     117,596
municipal
Corporate
and other      7,398       7,408     6,963       7,002     7,530       7,618
bonds
Mortgage
backed
securities -
U.S.
Government
           7,777       7,693     11,810      11,887    15,192      15,560
agencies
Mortgage
backed
securities -
U.S.
Government

sponsored      21,156      21,074    12,580      12,596    14,349      14,524
agencies
 Total
securities   $ 274,732   $ 270,637 $ 279,970   $ 278,125 $ 303,161   $ 309,078
available
for sale
               September 30, 2013    June 30, 2013         December 31, 2012
               Amortized   Fair     Amortized   Fair     Amortized   Fair
               Cost        Value     Cost        Value     Cost
                                                                       Value
Securities
Held to
Maturity
State,
county and   $ 11,455    $ 12,219  $ 11,812    $ 12,602  $ 11,825    $ 12,967
municipal
Mortgage
backed
securities -
U.S.
Government
           7,244       7,644     7,832       8,313     9,112       9,727
agencies
Mortgage
backed
securities -
U.S.
Government

sponsored      14,211      14,899    16,103      16,878    21,346      22,534
agencies
 Total
securities   $ 32,910    $ 34,762  $ 35,747    $ 37,793  $ 42,283    $ 45,228
held to
maturity



Interest bearing deposits at September 30, 2013 were $695.5 million, a
decrease of $200.8million from December31, 2012. This decline is the direct
result of the reclassification of approximately $176.0 million of interest
bearing deposits to deposits held for sale as mentioned above.

The following table compares the mix of interest bearing deposits at September
30, 2013, June 30, 2013, December 31, 2012 and September 30, 2012.

INTEREST BEARING
DEPOSITS
(Dollars in
thousands)
                     September 30,    June 30,   December 31,   September 30,
                     2013             2013       2012           2012
NOW                $ 93,026         $ 135,765  $ 142,923      $ 117,120
MMDA                 92,814           110,976    113,171        113,288
Savings              73,996           83,562     77,506         76,499
Time deposits less   222,657          279,972    287,422        292,374
than $100,000
Time deposits        213,011          253,937    275,318        263,087
$100,000 and over
 Total interest  $ 695,504        $ 864,212  $ 896,340      $ 862,368
bearing deposits



The Company had Federal Home Loan Bank advances of $31.5 million at September
30, 2013 compared with $49.8 million at December 31, 2012. The blended rate
on the average balance of these borrowings was 1.38% during the first nine
months of 2013, down from 3.12% for the same period in 2012.

Stockholders' equity was $108.5 million at September 30, 2013 and $115.3
million at December 31, 2012. During the third quarter, the Bank retired $4.5
million of its outstanding TARP preferred stock, which lowered its equity
base. However, the equity-to-asset ratios remained solid at 9.7% and 10.0%,
respectively, at September 30, 2013 and December 31, 2012.

Asset Quality – non-covered assets
Nonaccrual loans were $13.0 million at September 30, 2013, down 38.0%, or $8.0
million, from nonaccrual loans of $21.0 million at December 31, 2012. The
September 30, 2013 total is down $12.7 million, or 49.3%, from nonaccrual
loans of $25.7 million at September 30, 2012. The decrease from December 31,
2012 was the net result of $2.1 million in additions to nonaccrual loans and
$10.1 million in reductions. With respect to the reductions to nonaccrual
loans, $2.8 million were paid out by the borrower or another lending
institution, $1.7 million were moved to foreclosure, $2.5 million were
charged-off, $2.3 million were returned to accrual status and $819,000 were
the result of payments to existing credits.

Total nonperforming assets of $21.5 million at September 30, 2013 represented
a decrease of $1.7 million, or 7.3%, during the third quarter of 2013.
Nonperforming assets declined $10.8 million, or 33.4%, since December 31, 2012
and $16.2 million, or 42.9%, since September 30, 2012. 

There were net charge-offs of $870,000 in the third quarter of 2013 compared
with $735,000 in the second quarter of 2013 and a net recovery of $777,000 in
the third quarter of 2012. Total charge-offs for the third quarter of 2013
were $1.0 million compared with $1.3 million in the second quarter of 2013 and
$819,000 in the third quarter of 2012. Recoveries for the third quarter of
2013 were $148,000 compared with $567,000 in the second quarter of 2013 and
$1.6 million in the third quarter of 2012.

Non-covered OREO increased $903,000 during the third quarter of 2013 to equal
$8.5 million at September 30, 2013. The change in non-covered OREO during the
third quarter of 2013 was reflected in additions of $1.2 million of which
$352,000 were capitalized expenditures to improve properties. Reductions to
OREO were $295,000 through sales and write-downs. Non-covered OREO was $10.8
million at December 31, 2012 and $11.9 million at September 30, 2012.

The allowance for loan losses equaled 81.67% of non-covered nonaccrual loans
at September 30, 2013 compared with 73.66% at June 30, 2013, 61.38% at
December 31, 2012 and 55.59% at September 30, 2012. The ratio of the allowance
for loan losses to total nonperforming assets was 49.45% at September 30,
2013, 49.59% at June 30, 2013, 39.94% at December 31, 2012 and 37.93% at
September 30, 2012. The ratio of nonperforming assets to loans and other real
estate owned declined from 6.60% at September 30, 2012 to 3.73% at September
30, 2013. The ratio of nonperforming assets to loans and other real estate
owned was 5.52% at December 31, 2012.

The following table reconciles the activity in the Company's non-covered
allowance for loan losses, by quarter, for the past five quarters.

CREDIT QUALITY
(Dollars in thousands)     2013                            2012
                           Third      Second     First     Fourth     Third
                           Quarter    Quarter    Quarter   Quarter    Quarter
Allowance for loan losses:
Beginning of period        $ 11,523   $ 12,258   $ 12,920  $ 14,303   $ 13,526
Provision for loan losses    -          -          -         450        -
Charge-offs                  (1,018)    (1,302)    (908)     (1,974)    (819)
Recoveries                   148        567        246       141        1,596
Net (charge-offs) recovery   (870)      (735)      (662)     (1,833)    777
End of period              $ 10,653   $ 11,523   $ 12,258  $ 12,920   $ 14,303



The following table sets forth selected asset quality data, excluding FDIC
covered assets, and ratios for the dates indicated:

ASSET QUALITY
(NON-COVERED)
(Dollars in thousands)   2013                           2012
                         September  June      March     December   September
                         30         30        31        31         30
Non-accruing loans       $  13,044  $ 15,644  $ 18,963  $  21,048  $  25,730
Loans past due over 90
days and accruing           -         -         465        509        85
interest
Total nonperforming         13,044    15,644    19,428     21,557     25,815
non-covered loans
Other real estate owned     8,496     7,593     9,712      10,793     11,896
non-covered
Total nonperforming      $  21,540  $ 23,237  $ 29,140  $  32,350  $  37,711
non-covered assets
Allowance for loan          1.87%     1.96%     2.11%      2.25%      2.56%
losses to loans
Allowance for loan
losses to nonperforming     49.45%    49.59%    42.07%     39.94%     37.93%
assets
Allowance for loan
losses to nonaccrual        81.67%    73.66%    64.64%     61.38%     55.59%
loans
Nonperforming assets to
loans and other real        3.73%     3.90%     4.94%      5.52%      6.60%
estate
Net charge-offs for
quarter to average
loans,
 annualized               0.59%     0.50%     0.46%      1.30%      (0.56%)



A further breakout of nonaccrual loans, excluding covered loans, at September
30, 2013, June 31, 2013 and December 31, 2012 is below:

NON-COVERED
NONACCRUAL
LOANS
(Dollars in   September 30, 2013    June 30, 2013         December 31, 2012
thousands)
                       % of                  % of                  % of
              Amount   Non-Covered  Amount   Non-Covered  Amount   Non-Covered
                       Loans                 Loans                 Loans
Mortgage
loans on real
estate:
 Residential  $ 4,492  0.79%        $ 5,232  0.89%        $ 5,562  0.97%
 1-4 family
 Commercial     1,530  0.27%          1,421  0.24%          5,818  1.01%
 Construction
 and land       6,500  1.14%          8,465  1.44%          8,815  1.53%
 development
 Second         135    0.02%          129    0.02%          141    0.03%
 mortgages
 Multifamily    -      -              -      -              -      -
 Agriculture    208    0.04%          223    0.04%          250    0.04%
  Total
 real estate    12,865 2.26%          15,470 2.63%          20,586 3.58%
 loans
Commercial      127    0.02%          114    0.02%          385    0.07%
loans
Consumer
installment     52     0.01%          60     0.01%          77     0.01%
loans
All other       -      -              -      -              -      -
loans
  Gross     $ 13,044 2.29%        $ 15,644 2.66%        $ 21,048 3.66%
 loans



Capital Requirements
Total stockholders' equity declined $4.3 million during the third quarter of
2013 due to the aforementioned TARP principal payment of $4.5 million. The
Company's current plan, subject to the consent of its primary regulators, is
to repay the TARP funds through minimum quarterly payments of $2.25 million
while maintaining solid regulatory capital ratios. Future payments will
depend on regulatory approval of repurchases, as well as continuing an
adequate level of the Company's earnings to support the payments and
satisfactory financial condition.

The Company's ratio oftotal risk-based capital was 16.7% at September 30,
2013 compared with 17.0% at December 31, 2012. The tier 1 risk-based capital
ratio was 15.5% at September 30, 2013 and 15.8% at December 31, 2012. The
Company's tier 1 leverage ratio was 9.5% at September 30, 2013 and 9.4% at
December 31, 2012.All capital ratios exceed regulatory minimums.

Earnings Conference Call and Webcast

The Company will host a conference call for the financial community on Friday,
October 25, 2013, at 10:00 a.m. Eastern Time to discuss the second quarter
2013 financial results. The public is invited to listen to this conference
call by dialing877-870-4263 at least five minutes prior to the call.
Interested parties may also listen to this conference call through the
internet by accessing the "Corporate Overview – Corporate Profile" page of the
Company's internet site at www.cbtrustcorp.com.

A replay of the conference call will be available from 12:00 noon Eastern Time
on October 25, 2013 until 9:00 a.m. Eastern Time on November 4, 2013. The
replay will be available by dialing 877-344-7529 and entering access code
10034897 or through the internet by accessing the "Corporate Overview –
Corporate Profile" page of the Company's internet site at www.cbtrustcorp.com.

About Community Bankers Trust Corporation and Essex Bank

Community Bankers Trust Corporation is the holding company for Essex Bank, a
Virginia state bank with 23 full-service offices, 13 of which are in Virginia,
six of which are in Maryland and four of which are in Georgia. The four
branches in Georgia are scheduled to be sold in November 2013. The Bank also
operates two loan production offices in Virginia. The Bank closed its branch
office in Clinton, Maryland on August 16, 2013 and plans to open a new branch
office in Annapolis, Maryland in the first quarter of 2014.

Additional information on the Bank is available on the Bank's website at
www.essexbank.com. For information on Community Bankers Trust Corporation,
please visit its website at www.cbtrustcorp.com.

Forward-Looking Statements

This release contains forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, that are subject to risks
and uncertainties. These forward-looking statements include, without
limitation, statements with respect to the Company's operations, performance,
future strategy and goals. Actual results may differ materially from those
included in the forward-looking statements due to a number of factors,
including, without limitation, the effects of and changes in the following:
the quality or composition of the Company's loan or investment portfolios,
including collateral values and the repayment abilities of borrowers and
issuers; assumptions that underlie the Company's allowance for loan losses;
general economic and market conditions, either nationally or in the Company's
market areas; current business, economic and market conditions in the
Company's Georgia market area; relationships with deposit customers in the
Georgia market area; the ability of the Company to comply with regulatory
actions, and the costs associated with doing so; the interest rate
environment; competitive pressures among banks and financial institutions or
from companies outside the banking industry; real estate values; the demand
for deposit, loan, and investment products and other financial services; the
demand, development and acceptance of new products and services; the Company's
compliance with, and the timing of future reimbursements from the FDIC to the
Company under, the shared loss agreements; assumptions and estimates that
underlie the accounting for loan pools under the shared loss agreements;
consumer profiles and spending and savings habits; levels of fraud in the
banking industry; the level of attempted cyber attacks in the banking
industry; the securities and credit markets; costs associated with the
integration of banking and other internal operations; management's evaluation
of goodwill and other assets on a periodic basis, and any resulting impairment
charges, under applicable accounting standards; the soundness of other
financial institutions with which the Company does business; inflation;
technology; and legislative and regulatory requirements. Many of these factors
and additional risks and uncertainties are described in the Company's Annual
Report on Form 10-K for the year ended December 31, 2012 and other reports
filed from time to time by the Company with the Securities and Exchange
Commission. This press release speaks only as of its date, and the Company
disclaims any duty to update the information in it.


Consolidated Balance Sheets
Unaudited Condensed
(Dollars in thousands)
                                    September 30,  December 31,  September 30,
                                    2013           2012          2012
 Assets
Cash and due from banks             $  11,585      $  12,502     $  15,116
Interest bearing bank deposits         18,531         11,635        17,298
Federal funds sold                     -              -             5,000
 Total cash and cash equivalents      30,116         24,137        37,414
Securities available for sale, at      270,637        309,078       256,394
fair value
Securities held to maturity            32,910         42,283        48,689
Equity securities, restricted, at      6,403          7,405         7,351
cost
 Total securities                     309,950        358,766       312,434
Loans held for sale                    25,396         1,266         1,736
Loans not covered by FDIC              568,960        575,482       559,532
shared-loss agreements
Loans covered by FDIC shared-loss      77,270         84,637        89,121
agreements
Allowance for loan losses              (10,653)       (12,920)      (14,303)
(non-covered)
Allowance for loan losses (covered)    (484)          (484)         (456)
 Net loans                            635,093        646,715       633,894
Bank premises and equipment            28,078         33,638        34,002
Bank premises and equipment held       5,177          -             -
for sale
Other real estate owned,               8,496          10,793        11,896
non-covered
Other real estate owned, covered by    2,145          3,370         2,943
FDIC
FDIC receivable                        330            895           715
Bank owned life insurance              20,622         15,146        15,008
Core deposit intangibles, net          8,600          10,297        10,862
FDIC indemnification asset             27,115         33,837        36,191
Other assets                           13,858         14,428        15,182
 Total assets                    $  1,114,976   $  1,153,288  $  1,112,277
 Liabilities
Deposits:
 Noninterest bearing                72,795         77,978        78,388
 Interest bearing                   695,504        896,340       862,368
 Total deposits                   768,299        974,318       940,756
Deposits held for sale                 192,199        -             -
Federal funds purchased and
securities sold under agreements to    7,000          5,412         -
repurchase
Federal Home Loan Bank advances        31,503         49,828        50,000
Trust preferred capital notes          4,124          4,124         4,124
Other liabilities                      3,381          4,289         4,259
 Total liabilities                  1,006,506      1,037,971     999,139
 Stockholders' Equity
Preferred stock (5,000,000 shares
authorized $0.01 par value, 17,680     13,180         17,680        17,680
shares issued and outstanding)
Discount on             (44)           (234)         (289)
preferred stock
Warrants on             1,037          1,037         1,037
preferred stock
Common stock (200,000,000 shares
authorized $0.01 par value;            217            217           217
21,701,131 shares issued and
outstanding at September 30, 2013)
Additional paid in capital             144,595        144,398       144,351
Accumulated deficit                    (46,736)       (50,609)      (51,906)
Accumulated other comprehensive        (3,779)        2,828         2,048
income
 Total stockholders' equity       $  108,470     $  115,317    $  113,138
 Total liabilities and            $  1,114,976   $  1,153,288  $  1,112,277
stockholders' equity



Consolidated
Statements of
Operations
Unaudited Condensed
(Dollars in             Three months ended               Nine months ended
thousands)
                        September   June     September   September   September

                        30,         30,      30,         30,         30,

                        2013        2013     2012        2013        2012
Interest and
dividend income
Interest and fees on $ 7,513     $ 7,622  $ 7,710     $ 22,646    $ 22,971
loans
Interest and fees on   3,538       2,745    2,931       8,942       11,211
FDIC covered loans
Interest on federal    -           1        -           3           4
funds sold
Interest on deposits   11          14       9           33          40
in other banks
Investments            1,934       1,945    2,103       5,717       6,219
(taxable)
Investments            175         164      119         487         355
(nontaxable)
Total interest         13,171      12,491   12,872      37,828      40,800
income
Interest expense
Interest on deposits   1,568       1,600    2,056       4,869       6,650
Interest on federal    1           2        3           4           6
funds purchased
Interest on other      180         189      280         561         982
borrowed funds
Total interest         1,749       1,791    2,339       5,434       7,638
expense
Net interest income    11,422      10,700   10,533      32,394      33,162
Provision for loan     -           -        -           -           750
losses
Net interest income
after provision for     11,422      10,700   10,533      32,394      32,412
loan losses
Noninterest income
Gain on sale of        38          130      1,180       446         1,354
securities, net
Service charges on     741         701      716         2,105       2,007
deposit accounts
Gain/(loss) on sale    (614)       -        -           (614)       -
of other loans, net
Other                 428         507      575         1,320       1,547
Total noninterest      593         1,338    2,471       3,257       4,908
income
Noninterest expense
Salaries and           4,096       3,901    4,028       11,990      12,443
employee benefits
Occupancy expenses     690         717      708         2,070       2,024
Equipment expenses     276         247      266         790         831
Legal fees             24          38       3           75          42
Professional fees      52          139      74          241         307
FDIC assessment        225         223      368         615         1,448
Data processing fees   485         551      473         1,573       1,489
FDIC indemnification   1,716       1,592    1,579       4,809       5,444
asset amortization
Amortization of        566         566      565         1,697       1,695
intangibles
Other operating        1,303       1,784    2,294       5,042       5,888
expenses
Total noninterest      9,433       9,758    10,358      28,902      31,611
expense
Net income before      2,582       2,280    2,646       6,749       5,709
income taxes
Income tax expense     800         673      837         2,036       1,700
Net income             1,782       1,607    1,809       4,713       4,009
Dividends on           208         221      221         650         663
preferred stock
Accretion of
discount on preferred   73          59       55          190         165
stock
Net income available
to common
 stockholders      $ 1,501     $ 1,327  $ 1,533     $ 3,873     $ 3,181



Income Statement Trend
Analysis
Unaudited
(Dollars in thousands)      Three months ended            Three months ended
                            September   June     March    December   September
                                                          31,        30,
                            30,         30,      31,
                            2013        2013     2013     2012       2012
Interest and dividend
income
Interest and fees on      $ 7,513     $ 7,622  $ 7,511  $ 7,687    $ 7,710
loans
Interest and fees on FDIC   3,538       2,745    2,659    2,894      2,931
covered loans
Interest on federal funds   -           1        2        1          -
sold
Interest on deposits in     11          14       8        14         9
other banks
Investments (taxable)       1,934       1,945    1,838    2,189      2,103
Investments (nontaxable)    175         164      148      134        119
Total interest income       13,171      12,491   12,166   12,919     12,872
Interest expense
Interest on deposits        1,568       1,600    1,701    1,858      2,056
Interest on federal funds   1           2        1        3          3
purchased
Interest on other           180         189      192      193        280
borrowed funds
Total interest expense      1,749       1,791    1,894    2,054      2,339
Net interest income         11,422      10,700   10,272   10,865     10,533
Provision for loan losses   -           -        -        450        -
Net interest income after   11,422      10,700   10,272   10,415     10,533
provision for loan losses
Noninterest income
Gains on sale of            38          130      278      138        1,180
securities, net
Service charges on          741         701      663      729        716
deposit accounts
Gain/(loss) on sale of      (614)       -        -        -          -
other loans, net
Other                       428         507      385      431        575
Total noninterest income    593         1,338    1,326    1,298      2,471
Noninterest expense
Salaries and employee       4,096       3,901    3,993    4,068      4,028
benefits
Occupancy expenses          690         717      663      691        708
Equipment expenses          276         247      267      256        266
Legal fees                  24          38       13       9          3
Professional fees           52          139      50       84         74
FDIC assessment             225         223      167      37         368
Data processing fees        485         551      537      335        473
FDIC indemnification        1,716       1,592    1,501    1,492      1,579
asset amortization
Amortization of             565         566      565      566        565
intangibles
Other operating expenses    1,304       1,784    1,955    2,154      2,294
Total noninterest expense   9,433       9,758    9,711    9,692      10,358
Net income before income    2,582       2,280    1,887    2,021      2,646
tax
Income tax benefit          800         673      563      448        837
Net income                  1,782       1,607    1,324    1,573      1,809
 Dividends on preferred    208         221      221      221        221
stock
 Accretion of discount     73          59       58       55         55
on preferred stock
Net income available to   $ 1,501     $ 1,327  $ 1,045  $ 1,297    $ 1,533
common stockholders



Net Interest
Margin Analysis
Average Balance
Sheet
(Dollars in
thousands)
                     Three months ended September      Three months ended September
                     30, 2013                          30, 2012
                     Average     Interest   Average   Average     Interest  Average
                     Balance     Income /    Rates     Balance     Income /  Rates
                     Sheet       Expense     Earned    Sheet       Expense   Earned
                                             / Paid                          / Paid
ASSETS:
Loans,        $ 592,172   $ 7,513       5.03%   $ 556,355   $ 7,710     5.54%
including fees
Loans covered
by FDIC              77,497      3,538       18.11%    91,036      2,931     12.88%
shared-loss
agreements
 Total        669,669     11,051      6.55%     647,391     10,641    6.57%
loans
Interest
bearing bank         17,416      11          0.27%     16,057      9         0.23%
balances
Federal funds   1,391       -           0.10%     842         -         0.10%
sold
Investments     293,941     1,934       2.63%     304,075     2,103     2.77%
(taxable)
Investments     21,636      265         4.89%     12,725      179       5.66%
(tax exempt)(1)
 Total        1,004,053   13,261      5.24%     981,090     12,932    5.27%
earning assets
Allowance for   (11,932)                          (14,129)
loan losses
Non-earning     129,392                           140,065
assets
 Total      $ 1,121,513                       $ 1,107,026
assets
LIABILITIES AND
STOCKHOLDERS'
EQUITY
Demand -      $ 245,660   $ 194         0.31%   $ 239,089   $ 190       0.32%
interest bearing
Savings         85,836      75          0.35%     74,785      56        0.30%
Time deposits   535,699     1,299       0.96%     555,894     1,810     1.30%
 Total
interest bearing     867,195     1,568       0.72%     869,768     2,056     0.95%
deposits
Fed funds
purchased and
securities sold
under                654         1           0.68%     1,872       3         0.72%

agreements
to repurchase
FHLB and        55,344      180         1.28%     43,874      280       2.56%
other borrowings
 Total
interest bearing     923,193     1,749       0.75%     915,514     2,339     1.02%
liabilities
Non-interest    84,428                            72,300
bearing deposits
Other           3,808                             4,623
liabilities
 Total        1,011,429                         992,437
liabilities
Stockholders'   110,084                           114,589
equity
 Total
liabilities and
stockholders'
 equity   $ 1,121,513                       $ 1,107,026
Net interest              $ 11,512                          $ 10,593
earnings
Interest                                4.49%                           4.25%
spread
Net interest                            4.55%                           4.32%
margin
(1) Income and yields are reported on a tax equivalent
basis assuming a federal tax rate of 34%.



Net Interest
Margin
Analysis
Average
Balance Sheet
(Dollars in
thousands)
                 Nine months ended September     Nine months ended September
                 30, 2013                        30, 2012
                 Average     Interest  Average   Average     Interest  Average
                 Balance     Income /  Rates     Balance     Income /  Rates
                 Sheet       Expense   Earned    Sheet       Expense   Earned
                                       / Paid                          / Paid
ASSETS:
 Loans,
 including     $ 585,304   $ 22,646    5.17%   $ 553,154   $ 22,971    5.54%
 fees
 Loans covered
 by FDIC         80,450      8,942     14.86%    93,192      11,211    16.04%
 shared-loss
 agreements
  Total        665,754     31,588    6.34%     646,346     34,182    7.05%
 loans
 Interest
 bearing bank    18,079      33        0.25%     22,019      40        0.24%
 balances
 Federal funds   4,353       3         0.10%     4,796       4         0.11%
 sold
 Investments     295,689     5,717     2.58%     285,140     6,219     2.91%
 (taxable)
 Investments
 (tax            19,938      738       4.93%     12,400      537       5.78%
 exempt)(1)
  Total
 earning         1,003,813   38,079    5.07%     970,701     40,982    5.63%
 assets
 Allowance for   (12,763)                        (14,694)
 loan losses
 Non-earning     130,516                         146,689
 assets
  Total      $ 1,121,566                     $ 1,102,696
 assets
LIABILITIES
AND
 STOCKHOLDERS'
 EQUITY
 Demand -
 interest      $ 244,573   $ 574       0.31%   $ 237,756   $ 671       0.38%
 bearing
 Savings         81,974      207       0.34%     73,003      198       0.36%
 Time deposits   540,923     4,088     1.01%     558,079     5,781     1.38%
  Total
 interest        867,470     4,869     0.75%     868,838     6,650     1.02%
 bearing
 deposits
 Fed funds
 purchased and
 securities
 sold            710         4         0.73%     1,185       6         0.71%

 under
 agreements to
 repurchase
 FHLB and
 other           54,354      561       1.38%     42,047      982       3.12%
 borrowings
  Total
 interest        922,534     5,434     0.79%     912,070     7,638     1.12%
 bearing
 liabilities
 Non-interest
 bearing         80,377                          71,148
 deposits
 Other           3,954                           4,637
 liabilities
  Total        1,006,865                       987,855
 liabilities
 Stockholders'   114,701                         114,841
 equity
  Total
 liabilities
 and
 
 stockholders' $ 1,121,566                     $ 1,102,696
 equity
 Net interest              $ 32,645                        $ 33,344
 earnings
 Interest                              4.28%                           4.51%
 spread
 Net interest                          4.35%                           4.58%
 margin

(1) Income and yields are reported on a tax equivalent basis assuming a
federal tax rate of 34%.



Non-GAAP Financial Measures

The information below presents certain financial information determined by
methods other than in accordance with accounting principles generally accepted
in the United States of America (GAAP). Common tangible book value equals
total stockholders' equity less preferred stock, goodwill and identifiable
intangible assets, and common tangible book value per share is computed by
dividing common tangible book value by the number of common shares
outstanding. Common tangible assets equal total assets less preferred stock,
goodwill and identifiable intangible assets.

Management believes that common tangible book value and the ratio of common
tangible book value to common tangible assets are meaningful because they are
some of the measures that the Company and investors use to assess capital
adequacy. Management believes that presenting the change in common tangible
book value per share, the change in stock price to common tangible book value
per share, and the change in the ratio of common tangible book value to common
tangible assets provide meaningful period-to-period comparisons of these
measures.

These measures are a supplement to GAAP used to prepare the Company's
financial statements and should not be viewed as a substitute for GAAP
measures. In addition, the Company's non-GAAP measures may not be comparable
to non-GAAP measures of other companies. The following table reconciles these
non-GAAP measures from their respective GAAP basis measures.

                             September 30,    December 31,     September 30,

                             2013             2012             2012
Common Tangible Book Value
Total stockholder's equity   108,470,000      115,317,000      113,138,000
Preferred stock (net)        14,173,000       18,483,000       18,428,000
Core deposit intangible      8,600,000        10,297,000       10,862,000
(net)
Common tangible book value   85,697,000       86,537,000       83,848,000
Shares outstanding           21,701,131       21,670,212       21,656,951
Common tangible book value   $         $         $       
per share                    3.95            3.99            3.87
Stock Price                  $         $         $       
                             3.68            2.65            2.80
Price/common tangible book   93.2%            66.4%            72.3%
Common tangible book/common
tangible assets
 Total assets            1,114,976,000    1,153,288,000    1,112,277,000
 Preferred stock (net)   14,173,000       18,483,000       18,428,000
 Core deposit intangible 8,600,000        10,297,000       10,862,000
Common tangible assets       1,092,203,000    1,124,508,000    1,082,987,000
Common tangible book        85,697,000       86,537,000       83,848,000
Common tangible equity to    7.85%            7.70%            7.74%
assets



SOURCE Community Bankers Trust Corporation

Website: http://www.cbtrustcorp.com
Contact: Bruce E. Thomas, Executive Vice President/Chief Financial Officer,
Community Bankers Trust Corporation, 804-934-9999