Community Bankers Trust Corporation Reports Year End Results, Including Continued Strong Capital and Liquidity Positions and Additional Allowance for Loan Losses

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* Fourth quarter loss available to common stockholders was $14.4 million, after
recording a non-cash goodwill impairment charge of $7.4 million and a provision
for loan losses of $7.8 million.
* 2009 loss available to common stockholders was $30.3 million, after recording
a non-cash goodwill impairment charge of $31.5 million, a provision for loan
losses of $19.1 million and acquisition gain of $20.3 million.
* Total loans, excluding FDIC covered loans, grew $55.3 million, or 10.6%, for
the year ended December 31, 2009. The ratio of allowance for loan losses to
loans, excluding FDIC covered loans, increased from 1.33% at December 31, 2008
to 3.14% at December 31, 2009.

* The ratio of allowance for loan losses to nonperforming assets, excluding FDIC
covered assets, increased from 69.85% at September 30, 2009 to 83.18% at
December 31, 2009.
* Non-accrual loans, excluding FDIC covered loans, declined during the quarter
by 2.7%, or $561,000, to $20.0 million.
* Interest yield on the FDIC covered loans was 9.39% during 2009. The total FDIC
covered loan balance was $150.9 million at December 31, 2009 (which represents
the fair value of unpaid principal balances of $242.0 million), and the
favorable performance of the FDIC covered loan portfolio since the January 2009
Suburban Federal Savings Bank (SFSB) transaction results in no required
allowance for loan losses at this time.
* The investment portfolio remains a viable source of liquidity, remaining
creditworthy as demonstrated by the absence of impairment.
* Liquidity remains strong with a large core deposit base, a relatively low
loan-to-deposit ratio of 70.74% and no reliance on brokered deposits or
wholesale funding sources.
* Continued strong capital ratios were in excess of the definition of "Well
Capitalized" with a Tier 1 leverage ratio of 8.93% and a total risk-based
capital ratio of 16.03%.

GLEN ALLEN, Va.--(Business Wire)--
Community Bankers Trust Corporation (the "Company") (NYSE Amex: BTC), the
holding company for Essex Bank (the "Bank"), reported a net loss available to
common stockholders for the quarter ended December 31, 2009 of $14.4 million, or
$0.67 per diluted common share, compared with a loss of $128,000, or $0.01 per
diluted common share, for the same period in 2008.

The loss incurred during the fourth quarter of 2009 was primarily the result of
two factors:

* First, the Company incurred an impairment of goodwill charge of $7.4 million.
This charge is a non-cash adjustment that has no effect on the Company's
tangible equity ratio, regulatory capital ratios, cash flows or liquidity
position.
* Second, the Company recorded a provision for loan losses of $7.8 million. This
increase reflects management`s prudent recognition of additions to the allowance
for loan losses on specific credits coupled with overall weak economic
conditions. The allowance for loan losses with respect to loans not covered by
the shared-loss agreements with the FDIC was 3.14% at December 31, 2009 versus
2.85% at September 30, 2009 and 1.33% at December 31, 2008.

For the year ended December 31, 2009, net loss available to common stockholders
was $30.3 million, or $1.41 per common share on a fully diluted basis compared
to net income of $1.2 million, or $0.07 per common share on a fully diluted
basis in 2008. Net loss for the year of 2009 was primarily driven by goodwill
impairment charges of $31.5 million and year-to-date loan loss provisions of
$19.1 million, offset in part by the after-tax gain in connection with the SFSB
transaction of $13.4 million (for an explanation on adjustments related to the
SFSB transaction, see "Update on the SFSB transaction" below).

Excluding the non-cash impairment charges to goodwill of $31.5 million, the
dividends and accretion of discount on preferred stock of $1.0 million, and the
core deposit intangible amortization net of tax of $1.5 million, net income
available to common stockholders for 2009 would have been $3.6 million, or $0.17
per common share on a fully diluted basis. Excluding the core deposit intangible
amortization net of tax of $0.7 million, net income available to common
stockholders for 2008 would have been $1.9 million or $0.11 per common share on
a fully diluted basis. There were no charges to goodwill or any dividends and
accretion of discount on preferred stock in 2008.

George M. Longest, Jr., the Company`s President and Chief Executive Officer,
stated, "2009 was a disappointing and challenging year in terms of operating
results. However, we successfully integrated the operating platforms of two
banks acquired from the FDIC, while navigating the bank through one of the most
prolific economic downturns in this nation`s history. We remain well capitalized
with strong liquidity and have bolstered our loan loss reserves."

Mr. Longest continued, "Our focus for 2010 is to continually monitor problem
assets, sufficiently make provision for such credits, seek opportunities to gain
efficiencies, expand our loan portfolio where prudent, and bring resolution to
non-performing assets. While there are some positive signs of recovery, the
economy is far from strong and it will take more positive news both for and from
consumers and small businesses for the economic recovery to gain traction. We
expect 2010 to continue to be a very challenging economic and banking
environment."

Net interest income before provisions for loan losses was $10.9 million for the
three months ended December 31, 2009, compared with $6.2 million for the same
period in 2008. The following table portrays net interest income for all four
quarters of 2009, as to be reported in pending amended filings with the
Securities and Exchange Commission regarding the application of accounting
related to loans acquired in the SFSB transaction:

(dollars in thousands) 3/31/2009 6/30/2009 9/30/2009 12/31/2009 Total
Total interest income $ 15,191 $ 16,757 $ 16,019 $ 16,553 $ 64,520
Total interest expense 6,465 6,689 6,366 5,614 25,134
Net interest income $ 8,726 $ 10,068 $ 9,653 $ 10,939 $ 39,386

On a linked quarter basis, net interest income improved $1.3 million for the
fourth quarter of 2009. Management has proactively managed excess deposits
related to the transaction for The Community Bank (TCB) in 2008 and the SFSB
transaction in 2009 and allowed higher priced time deposits to run-off without
adversely compromising the Bank`s liquidity position. Management has been
successful in repricing the existing time deposit base at rates much lower than
prior years, yet remaining competitive within the local markets. As a result,
interest expense declined $752,000 during the fourth quarter of 2009.

For the three months ended December 31, 2009, noninterest income was $1.3
million, compared with $727,000 for the same period of 2008. This increase of
$590,000, or 81.1%, was primarily attributable to additional service charges and
accretion of yield on the FDIC indemnification asset.

For the fourth quarter of 2009, noninterest expenses were $21.6 million compared
with $6.0 million for the same period in 2008. As mentioned above, the Company
recorded a non-cash goodwill impairment charge of $7.4 million. Salaries and
employee benefits were $7.7 million and represented 54.0% of all noninterest
expenses, excluding the goodwill impairment charge, for the quarter. Salaries
and wages increased $5.0 million, or 190.5%, from the same quarter in 2008.
Salaries and wages increases were the direct result of increased staffing
related to the two FDIC assisted bank transactions, which added 11 banking
offices and two loan production offices to the Company, corporate staff hires
for positions required for a significantly larger financial institution, and
transaction-based bonus awards.

In February 2010, the Company approved two transaction-based bonus awards in the
aggregate amount of $3.0 million to Gary A. Simanson who was the Company`s chief
strategic officer until April 2010. This approval was made pursuant to a
provision in Mr. Simanson`s employment agreement that provides for a cash bonus
for financial advisory and other services that Mr. Simanson renders in
connection with the negotiation and consummation of a merger or other business
combination or the acquisition of a substantial portion of the assets or
deposits of another financial institution. The awards related to Simanson`s
services with respect to the Bank`s acquisition of certain assets and assumption
of all deposit liabilities of four former branch offices of TCB in November 2008
and the Bank`s acquisition of certain assets and assumption of all deposit
liabilities of seven former branch offices of SFSB in January 2009. The amounts
of the bonuses are based on, with respect to the TCB transaction, the total
amount of non-brokered deposits that the Bank assumed in that transaction and,
with respect to the SFSB transaction, the total amount of loans and other assets
that the Bank acquired in that transaction. The Company looked closely at a
number of factors, including the value that each of the transactions provided
the Company, in approving the awards. In accordance with generally accepted
accounting principles, the Company has reflected these awards in the financial
statements for the year and three months ended December 31, 2009. Accordingly,
the Company has determined to file its Annual Report on Form 10-K for the year
ended December 31, 2009 following the issuance of this release. As previously
reported, however, the Company continues to actively discuss with its regulators
the regulatory, legal and related concerns with respect to the payment of these
bonus awards. The Company is working diligently to resolve these concerns.

Due to a special assessment coupled with more deposits, FDIC expenses were $1.6
million for the fourth quarter of 2009 compared to $163,000 in the fourth
quarter of 2008. Other noninterest expenses for the fourth quarter 2009 included
the following: other operating expenses of $1.7 million, occupancy expenses of
$776,000, data processing fees of $620,000, amortization of intangibles of
$566,000, equipment expense of $397,000, legal fees of $230,000, and other
professional fees of $671,000.

For the year ended December 31, 2009, net interest income was $39.4 million
($41.1 million on a tax equivalent basis), which generated a net interest margin
of 3.83%. The Bank`s net interest margin improved 22 basis points during 2009
from 3.61% in 2008 primarily from improved yields on earning assets. Most
notably, the yields related to the fair market value of loans from the SFSB
transaction enhanced the margin. Concurrently, management proactively managed
the deposit base in three states, lowering the overall cost of funds from 2.62%
reported for 2008, to 2.46% in 2009.

Noninterest income equaled $26.2 million during 2009 and excluding the first
quarter pre-tax gain on the SFSB transaction of $20.3 million would have equaled
$6.0 million. Service charges on deposit accounts were $2.5 million, other
noninterest income was $2.0 million, securities gains were $856,000, and gains
on other real estate totaled $656,000.

During 2009, noninterest expenses were $75.5 million, inclusive of the
aforementioned $31.5 million in goodwill impairment charges. Salaries and
employee benefits were $22.0 million and represented 49.91% of noninterest
expenses, exclusive of the goodwill impairment charge. Salaries and employee
benefits for 2009 reflect staffing related to the two FDIC assisted bank
transactions, corporate staff hires for positions required for a significantly
larger financial institution, and the transaction-based bonus awards mentioned
previously. The Company anticipates less staffing increases in 2010 relative to
2009 as its current staffing level has a greater capacity to effectively manage
the Company through current and anticipated opportunities and challenges.

Other noninterest expenses included other operating expenses of $6.8 million,
data processing fees of $2.8 million, occupancy expenses of $2.7 million, FDIC
assessments of $2.9 million, amortization of core deposit intangibles of $2.2
million, professional fees of $2.0 million, equipment expense of $1.6 million,
and legal fees of $1.0 million.

Update on the SFSB transaction

On January 30, 2009, the Bank entered into a purchase and assumption agreement
with the FDIC, as receiver, for SFSB. The Bank assumed all deposit and certain
other liabilities and purchased substantially all assets of SFSB. In connection
with the SFSB transaction, the Bank entered into two shared-loss agreements with
the FDIC with respect to the loans and foreclosed real estate purchased. One
agreement relates to losses arising from single family one-to-four residential
mortgage loans, and one agreement relates to losses arising from other loans and
foreclosed real estate.

Under the shared-loss agreements, the FDIC will reimburse the Bank for 80% of
all losses, including expenses associated with liquidating and maintaining
properties arising from covered loan assets, on the first $118 million of losses
on such covered loans, and for 95% of losses on covered loans thereafter. Under
the shared-loss agreements, a "loss" on a covered loan is defined generally as a
realized loss incurred through a permitted disposition, foreclosure, short-sale
or restructuring of the covered asset. The reimbursable losses from the FDIC are
based on the book value of the relevant loan as determined by the FDIC at the
date of the SFSB transaction, January 30, 2009. New loans made after that date
are not covered by the shared-loss agreements.

The Company is restating net income, under the applicable accounting rules, in
the first, second and third quarters of 2009 to reflect the impact of accounting
adjustments related to the SFSB transaction. The cumulative impact through
September 30, 2009 is an increase in net income of $810,000. The changes result
from recasting loan valuation assumptions, a change in methodology for valuing
the FDIC indemnification asset, and a more detailed breakout on the balance
sheet of assets covered by the transaction. Accordingly, as required by relevant
accounting rules, management adjusted the gain recorded in the first quarter of
2009 from $21.3 million to $20.3 million while also recording additional income
for periods following the SFSB transaction.

Fair values and further refinement of the initial assumptions used in recording
the gain are subject to change up to one year following the transaction date.
Accordingly, the Company has now completed its fair value analysis for the SFSB
transaction. The Company will amend its Form 10-Qs for the periods ended March
31, June 30, and September 30, 2009 with the Securities and Exchange Commission.

For more detail regarding the changes to key line items in the previously
disclosed quarterly income statements and balance sheets please see the schedule
titled "COMMUNITY BANKERS TRUST CORPORATION UNAUDITED HIGHLIGHTS OF CHANGES IN
KEY BALANCE SHEET AND INCOME STATEMENT LINE ITEMS" at the end of this press
release.

Balance Sheet

Total assets were $1.23 billion at December 31, 2009, increasing $196.5 million,
or 19.1%, since December 31, 2008. Asset growth during 2009 was centered in loan
growth related to the SFSB transaction. Total loans, including FDIC covered
loans, at December 31, 2009 were $729.6 million, an increase of $206.3 million,
or 39.4%, compared with $523.3 million at December 31, 2008. Total loan growth
excluding FDIC covered loans was $55.3 million, or 10.6%, for the year ended
December 31, 2009. Of this amount, $20.8 million were loans purchased during the
first quarter of 2009 under the FDIC agreement related to the TCB transaction.

On a linked quarter basis, the FDIC covered loans decreased by $15.1 million, or
9.1%, from $166.1 million at September 30, 2009 to $150.9 million at December
31, 2009. Concurrently, the non-covered loans increased $9.1 million during the
quarter from $569.5 million at September 30, 2009 to $578.6 million at year end.
The decline in FDIC covered loans was the result of the resolution and
disposition of problem assets, loan payoffs and a migration of loans to other
real estate owned.

The following table shows the composition of the non-covered loan portfolio:

(dollars in thousands) December 31
2009 2008
Non-covered loans Total Loans
Mortgage loans on real estate
Residential 1-4 family $ 146,141 25.22 % $ 129,607 24.73 %
Commercial 188,991 32.62 % 158,062 30.16 %
Construction and land development 144,297 24.91 % 139,515 26.62 %
Second mortgages 13,935 2.41 % 15,599 2.98 %
Multifamily 11,995 2.07 % 9,370 1.79 %
Agriculture 5,516 0.95 % 5,143 0.98 %
Total real estate loans 510,875 88.18 % 457,296 87.26 %
Commercial loans 42,157 7.28 % 45,320 8.65 %
Consumer installment loans
Personal 14,145 2.44 % 14,457 2.76 %
All other loans 12,205 2.10 % 7,005 1.33 %
Gross loans 579,382 100.00 % 524,078 100.00 %
Less unearned income on loans (753 ) (780 )
Loans, net of unearned income $ 578,629 $ 523,298

The following table provides additional detail to the loan portfolio including
both non-covered and loans covered by the shared-loss agreements ("covered
loans") at December 31, 2009.

(dollars in thousands) December 31, 2009
Non-covered loans Covered loans Total
Mortgage loans on real estate
Residential 1-4 family $ 146,141 25.22 % $ 119,065 78.88 % $ 265,206 36.31 %
Commercial 188,991 32.62 % 5,835 3.87 % 194,826 26.68 %
Construction and land development 144,297 24.91 % 17,020 11.28 % 161,317 22.09 %
Second mortgages 13,935 2.41 % 8,194 5.43 % 22,129 3.03 %
Multifamily 11,995 2.07 % - 0.00 % 11,995 1.64 %
Agriculture 5,516 0.95 % 627 0.41 % 6,143 0.84 %
Total real estate loans 510,875 88.18 % 150,741 99.87 % 661,616 90.59 %
Commercial loans 42,157 7.28 % - 0.00 % 42,157 5.77 %
Consumer installment loans
Personal 14,145 2.44 % 194 0.13 % 14,339 1.97 %
All other loans 12,205 2.10 % - 0.00 % 12,205 1.67 %
Gross loans 579,382 100.00 % 150,935 100.00 % 730,317 100.00 %
Less unearned income on loans (753 ) - (753 )
Total Loans 578,629 150,935 729,564
Allowance for loan losses (18,169 ) - (18,169 )
Net Loans $ 560,460 $ 150,935 $ 711,395

Total deposits at December 31, 2009 aggregated $1.03 billion, an increase of
$225.1 million, or 27.9%, compared with $806.3 million at December 31, 2008.
This increase was primarily due to the SFSB transaction. Total deposits
increased on a linked quarter basis by $3.9 million, or 0.4%. The most
significant dollar increase by deposit category was in NOW and money market
demand accounts, which increased $9.4 million or 4.7% during the fourth quarter.
Correspondingly, time deposits declined $3.2 million during the quarter as
management continued to price these deposits at rates that enhanced the net
interest margin without sacrificing liquidity.

The Company`s total loan-to-deposit ratio, including FDIC covered loans, was
70.74% at December 31, 2009 and 71.58% at September 30, 2009.

The following table details interest-bearing deposit totals by category as of
December 31, 2009 and 2008.

(dollars in thousands)
2009 2008 $ change % change
NOW $ 94,711 $ 76,575 $ 18,136 23.68 %
MMDA 113,071 55,200 57,871 104.84 %
Savings 58,373 34,688 23,685 68.28 %
Time deposits less than $100,000 423,902 303,424 120,478 39.71 %
Time deposits $100,000 and over 279,147 276,762 2,385 0.86 %
Total interest-bearing deposits $ 969,204 $ 746,649 $ 222,555 29.81 %

Capital

At December 31, 2009, the Company`s total risk-based capital ratio was 16.03%.
The Tier 1 risk-based capital ratio was 14.82%, and the leverage ratio (Tier 1
capital to average adjusted total assets) was 8.93%. All three ratios exceed
capital adequacy guidelines outlined by its primary regulator, and the Company
is considered "well-capitalized". The Company has trust preferred subordinated
debt that qualifies as regulatory capital.

Following the payment of its cash dividend in February 2010, the Company
determined to suspend the payment of its quarterly dividend to holders of common
stock. While the Company believes that its capital and liquidity levels remain
above the averages of its peers, the Company incurred a net loss to common
stockholders for the 2009 year and remains concerned over asset quality and the
uncertainty of the real estate markets and general economy in the central
Virginia region. Due to these factors, the Company has determined that it is
currently prudent to retain capital until such time as the Company experiences a
return to consistent quarterly profitability.

Asset Quality

Nonperforming assets, excluding FDIC covered assets, totaled $21.8 million, or
3.77%, of loans and other real estate at December 31, 2009, compared with $23.2
million, or 4.07%, of loans and other real estate at September 30, 2009. The
allowance for loans losses was 3.14% of total loans, excluding FDIC covered
loans, at December 31, 2009, compared with 1.33% at December 31, 2008, and 2.85%
at September 30, 2009. Allowance for loan losses increased from 69.85% of
nonperforming assets at September 30, 2009 to 83.18% at December 31, 2009, and
from 78.80% of nonaccrual loans at September 30, 2009 to 90.80% at December 31,
2009 (all excluding FDIC covered assets).

The following table provides asset quality ratios, excluding FDIC covered assets
as of and for each quarter ended during 2009 and December 31, 2008.

Asset quality ratios (dollars in thousands)
(excluding FDIC covered assets) 12/31/2009 9/30/2009 6/30/2009 3/31/2009 12/31/2008

Nonaccrual loans $ 20,011 $ 20,572 $ 24,482 $ 9,870 $ 4,534
Loans past due over 90 days 247 1,462 514 1,195 397
Other real estate owned 1,586 1,175 864 412 223
Total nonperforming assets $ 21,844 $ 23,209 $ 25,860 $ 11,477 $ 5,154

Balances
Allowance for loan losses $ 18,169 $ 16,211 $ 12,185 $ 11,543 $ 6,939
Average loans during quarter, net of unearned income 563,151 559,547 548,577 534,566 509,403
Loans, net of unearned income 578,629 569,452 551,799 542,191 523,298

Ratios
Allowance for loan losses to loans 3.14 % 2.85 % 2.21 % 2.13 % 1.33 %
Allowance for loan losses to nonperforming assets 83.18 % 69.85 % 47.12 % 100.58 % 134.63 %
Allowance for loan losses to nonaccrual loans 90.80 % 78.80 % 49.77 % 116.95 % 153.04 %
Nonperforming assets to loans and other real estate 3.77 % 4.07 % 4.68 % 2.12 % 0.98 %
Net charge-offs for quarter to average loans, annualized 4.16 % 0.86 % 0.25 % 0.26 % 0.66 %

The following table presents nonaccrual loans by type for the non-covered loan
portfolio at December 31, 2009.

(dollars in thousands) Number Percent of Percent of total
Non-covered loans, by type of loans Amount non-accrual loans non-covered loans
1-4 family first liens 10 $ 4,750 23.74 % 0.82 %
Owner occupied nonfarm nonresidential 2 1,415 7.07 % 0.24 %
Construction and land development 13 10,115 50.55 % 1.75 %
1-4 family junior liens 3 194 0.97 % 0.03 %
Commercial and industrial loans 6 174 0.87 % 0.03 %
Other consumer loans 4 910 4.55 % 0.16 %
Other loans 2 7 0.03 % 0.00 %
Non owner occupied nonfarm nonresidential 6 2,446 12.22 % 0.42 %
Total 46 $ 20,011 100.00 % 3.45 %

The following table shows a reconciliation of the allowance for loan losses for
the three and 12 months ended December 31, 2009.

Allowance for loan losses
Quarter ending Year ending
(dollars in thousands) 12/31/2009 12/31/2009

Beginning balance $ 16,211 $ 6,939
Provision for loan losses 7,818 19,089
Recoveries of loans charged off 436 742
Loans charged off (6,296 ) (8,601 )
Balance at end of period $ 18,169 $ 18,169

The following table presents charge-offs and recoveries by loan type for all
non-covered loans for the year ended December 31, 2009 and the quarter ended
December 31, 2009.

(dollars in thousands) Three months ended December 31, 2009 Twelve months ended December 31, 2009
Net Net
Charge-offs Recoveries Charge-offs Charge-offs Recoveries Charge-offs
Construction and land development 4,606 364 4,242 5,258 563 4,695
Farmland - - - 13 - 13
Open end 1-4 family - - - 168 - 168
1-4 family first liens 502 - 502 610 - 610
1-4 family junior liens 214 1 213 248 1 247
Owner Occupied nonfarm nonresidential - - - 814 - 814
Other nonfarm nonresidential properties 642 50 592 642 50 592
Commercial and industrial 116 2 114 434 22 412
Revolving credit plans and other consumer - - - 170 74 96
Other 216 19 197 244 32 212

Total $ 6,296 $ 436 $ 5,860 $ 8,601 $ 742 $ 7,859

For the three months ended December 31, 2009, the Company`s provision for loan
losses was $7.8 million compared with $1.2 million in the same period in 2008.
For the year ended December 31, 2009, loan loss provisions were $19.1 million
versus $2.6 million for the seven months ended December 31, 2008.

Increases were made to the loan loss reserve each quarter of 2009 as economic
conditions continued to show signs of deterioration for classified assets. The
most notable impetus for the provision was evidenced in one borrowing
relationship that was previously impaired and on the Bank`s watch list. Current
information related to unwinding the credit necessitated further impairment that
amounted to over 50% of the provision during the third quarter and subsequent
charge-off in the fourth quarter. The remaining balance of the provision during
the third and fourth quarters of the year was attributable to downgraded credits
and further insulation from the economic downturn. Management continues to
monitor the loan portfolio closely and make appropriate adjustments using the
Company`s internal risk rating system.

Securities

The Company`s securities portfolio remains solid and a viable source of
liquidity. The following two tables show the amortized costs and fair values of
securities for the investment portfolio at December 31, 2009.

Available for Sale

(dollars in thousands) Amortized Gross Unrealized

Cost
Gains Losses Fair Value
U.S. Treasury issue and other
U.S. Government agencies $ 17,393 434 $ (1 ) $ 17,826
State, county and municipal 104,831 1,864 (557 ) 106,138
Corporates and other bonds 1,511 93 - 1,604
Mortgage backed securities 51,434 1,573 (3 ) 53,004
Other securities 1,192 113 (437 ) 868
Total securities available for sale $ 176,361 $ 4,077 $ (998 ) $ 179,440

Held to Maturity

(dollars in thousands) Amortized Gross Unrealized

Cost
Gains Losses Fair Value
U.S. Treasury issue and other
U.S. Government agencies $ 748 $ 2 $ - $ 750
State, county and municipal 13,097 516 (4 ) 13,609
Corporates and other bonds 1,024 29 - 1,053
Mortgage backed securities 98,296 3,308 (8 ) 101,596
Total securities held to maturity $ 113,165 $ 3,855 $ (12 ) $ 117,008

At December 31, 2009, there were $2.6 million of available-for-sale securities
that were in a continuous loss position for more than 12 months with unrealized
losses of $50,000 consisting mostly of municipal obligations. Management
continually monitors the fair value and credit quality of the Company`s
investment portfolio and determined there were no investments considered other
than temporarily impaired at December 31, 2009.

The Company does not hold any trust preferred securities, private label CMOs, or
other esoteric instruments that have evidenced credit deterioration throughout
the financial industry.

Non-GAAP Financial Measures

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

Management believes that common book value, 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 book value and common tangible book value per share, the change in stock
price to common book value and to common tangible book value per share, and the
change in the ratio of common tangible book value to common tangible assets
provides 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 tables reconcile these non-GAAP measures from their respective
GAAP basis measures for the periods ended December 31.

(dollars in thousands, except per common share data)

2009 2008
Common book value
Total stockholder's equity $ 131,594 $ 164,403
Less: preferred stock (net) 17,863 17,686
Common book value $ 113,731 $ 146,717

Common book value per common share $ 5.30 $ 6.83

Common tangible book value
Total stockholder's equity $ 131,594 $ 164,403
Less: preferred stock (net) 17,863 17,686
Less: goodwill 5,727 37,184
Less: core deposit intangible 17,080 17,163
Common tangible book value $ 90,924 $ 92,370

Common tangible book value per common share $ 4.24 $ 4.30

Common Tangible Assets
Total assets $ 1,226,723 $ 1,030,240
Less: preferred stock (net) 17,863 17,686
Less: goodwill 5,727 37,184
Less: core deposit intangible 17,080 17,163
Common tangible assets $ 1,186,053 $ 958,207

Common shares outstanding 21,468 21,468

Common stock price $ 3.21 $ 3.00
Price/common book value 60.6 % 43.9 %
Price/common tangible book value 75.7 % 69.8 %
Common tangible book value to common tangible assets 7.7 % 9.6 %

About Community Bankers Trust Corporation

The Company is the holding company for Essex Bank, a Virginia state bank with 25
full-service offices, 14 of which are in Virginia, seven of which are in
Maryland and four of which are in Georgia. The Company also operates two loan
production offices. Additional information is available on the Company`s 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, growth 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 ultimate resolution of regulatory,
legal and related issues relating to the 2010 transaction-based bonus awards to
the Company`s chief strategic officer; general economic and market conditions,
either nationally or locally; the interest rate environment; competitive
pressures among banks and financial institutions or from companies outside the
banking industry; real estate values; the quality or composition of the
Company`s loan or investment portfolios; the demand for deposit, loan, and
investment products and other financial services; the demand, development and
acceptance of new products and services; the timing of future reimbursements
from the FDIC to the Company under the shared-loss agreements; consumer profiles
and spending and savings habits; 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, 2008 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.

COMMUNITY BANKERS TRUST CORPORATION
AUDITED CONSOLIDATED BALANCE SHEETS
At December 31, 2009 and 2008

2009 2008
(Dollars in thousands)
ASSETS
Cash and due from banks $ 13,575 $ 10,864
Interest bearing bank deposits 18,660 107,376
Federal funds sold - 10,193
Total cash and cash equivalents 32,235 128,433
Securities available for sale, at fair value 179,440 193,992
Securities held to maturity, at cost (fair value of $117,008 and $94,965, respectively) 113,165 94,865
Equity securities, restricted, at cost 8,346 3,612
Total securities 300,951 292,469
Loans held for sale - 200
Loans not covered by FDIC shared-loss agreement 578,629 523,298
Allowance for loan losses on non-covered loans (18,169 ) (6,939 )
Net non-covered loans 560,460 516,359
Loans covered by FDIC shared-loss agreement 150,935 -
Net loans 711,395 516,359
FDIC indemnification asset 76,107 -
Bank premises and equipment 37,105 24,111
Other real estate owned, covered by FDIC shared-loss agreement 12,822 -
Other real estate owned, non covered 1,586 223
Bank owned life insurance 6,534 6,300
FDIC receivable under shared loss agreement 7,950 -
Core deposit intangibles, net 17,080 17,163
Goodwill 5,727 37,184
Other assets 17,231 7,798
Total assets $ 1,226,723 $ 1,030,240
LIABILITIES
Deposits:
Noninterest bearing $ 62,198 $ 59,699
Interest bearing 969,204 746,649
Total deposits 1,031,402 806,348
Federal funds purchased 8,999 -
Federal Home Loan Bank advances 37,000 37,900
Trust preferred capital notes 4,124 4,124
Other liabilities 13,604 17,465
Total liabilities 1,095,129 865,837

STOCKHOLDERS` EQUITY
Preferred stock (5,000,000 shares authorized $0.01 par value; 17,680 shares issued and outstanding) 17,680 17,680
Warrants on preferred stock 1,037 1,037
Discount on preferred stock (854 ) (1,031 )
Common stock (200,000,000 and 50,000,000 shares authorized at December 31, 2009, and December 31, 2008, respectively, $0.01 par value) 21,468,455 shares issued and outstanding 215 215
Additional paid in capital 143,999 146,076
Retained (deficit) earnings (32,019 ) 1,691
Accumulated other comprehensive income (loss) 1,536 (1,265 )
Total stockholders` equity 131,594 164,403
Total liabilities and stockholders` equity $ 1,226,723 $ 1,030,240

COMMUNITY BANKERS TRUST CORPORATION
AUDITED CONSOLIDATED STATEMENT OF OPERATIONS
For the Years Ended December 31, 2009 and 2008
(dollars in thousands except per common share data)

December 31, 2009 December 31, 2008

Interest and dividend income
Interest and fees on non covered loans $ 36,019 $ 19,694
Interest and fees on FDIC covered loans 15,139 -
Interest on federal funds sold 37 90
Interest on deposits in other banks 296 356
Interest and dividends on securities
Taxable 9,635 2,297
Nontaxable 3,394 898
Total interest income 64,520 23,335
Interest expense
Interest on deposits 23,717 7,695
Interest on federal funds purchased 8 131
Interest on other borrowed funds 1,409 734
Total interest expense 25,134 8,560
Net interest income 39,386 14,775
Provision for loan losses 19,089 2,572
Net interest income after provision for loan losses 20,297 12,203
Noninterest income
Service charges on deposit accounts 2,506 1,185
Gain on SFSB transaction 20,255 -
Gain on securities transactions, net 856 -
Gain on sale of other real estate 656 (34 )
Other 1,967 629
Total noninterest income 26,240 1,780
Noninterest expense
Salaries and employee benefits 21,967 5,590
Occupancy expenses 2,662 884
Equipment expenses 1,595 665
Legal fees 1,002 429
Professional fees 2,012 226
FDIC assessment 2.904 239
Data processing fees 2,837 499
Amortization of intangibles 2,241 975
Impairment of goodwill 31,457 -
Other operating expenses 6,791 3,120
Total noninterest expense 75,468 12,627
Net income (loss) before income tax expense (28,931 ) 1,356
Income tax expense 404 133
Net income (loss) (29,335 ) 1,223
Dividends accrued on preferred stock 800 -
Accretion of discount on preferred stock 177 -
Net income(loss) available to common stockholders $ (30,312 ) $ 1,223
Net income (loss) per common share - basic $ (1.41 ) $ 0.07
Net income (loss) per common share - diluted $ (1.41 ) $ 0.07
Weighted average number of common shares outstanding
Basic 21,468 16,430
Diluted 21,468 17,518

The results of operations for 2009 reflect a full twelve months of consolidated
operations for the holding company and the banking subsidiary, while 2008
reflects five months of "holding company only" results andseven months of
consolidated operations for the holding company and the banking subsidiary.

COMMUNITY BANKERS TRUST CORPORATION
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
For the three months ended December 31, 2009 and 2008
(dollars in thousands except per common share data)

December 31, 2009 December 31, 2008
Interest and dividend income
Interest and fees on loans $ 9,783 $ 8,493
Interest and fees on FDIC covered loans 3,759 -
Interest on federal funds sold 1 22
Interest on deposits in other banks 34 273
Interest and dividends on securities -
Taxable 2,055 1,071
Nontaxable 921 455
Total interest income $ 16,553 $ 10,314
Interest expense
Interest on deposits $ 5,274 $ 3,760
Interest on federal funds purchased 2 17
Interest on other borrowed funds 338 377
Total interest expense $ 5,614 $ 4,154
Net interest income $ 10,939 $ 6,160
Provision for loan losses $ 7,818 $ 1,238
Net interest income after provision for loan losses $ 3,121 $ 4,922
Noninterest income
Service charges on deposit accounts $ 643 $ 489
Other 674 238
Total noninterest income $ 1,317 $ 727

Noninterest expense
Salaries and employee benefits $ 7,673 $ 2,641
Occupancy expenses 776 426
Equipment expenses 397 265
Legal fees 230 163
Professional fees 671 93
FDIC assessment 1,594 163
Data processing fees 620 110
Amortization of intangibles 566 421
Impairment of goodwill 7,425 -
Other operating expenses 1,673 1,754
Total noninterest expense $ 21,625 $ 6,036

Net (loss) before income taxes $ (17,187 ) $ (387 )
Income tax (benefit) (2,976 ) (259 )
Net (loss) $ (14,211 ) $ (128 )
Dividends accrued on preferred stock 139 -
Accretion of discount on preferred stock 42 -
Net (loss) available to common stockholders (14,392 ) (128 )
Net (loss) per common share - basic $ (0.67 ) $ (0.01 )
Net (loss) per common share - diluted $ (0.67 ) $ (0.01 )
Weighted average number of common shares outstanding
Basic 21,468 21,468
Diluted 21,468 21,482

COMMUNITY BANKERS TRUST CORPORATION
UNAUDITED HIGHLIGHTS OF CHANGES IN KEY
BALANCE SHEET AND INCOME STATEMENT LINE ITEMS
At and for the quarters ended March 31, June 30 and September 30, 2009
(dollars in thousands)

The Company will amend its Form 10-Qs for the periods ended March 31, June 30, and September 30, 2009 to reflect the amounts shown below as "Amended".

Quarter Ended
Net income available to common stockholders 3/31/2009 6/30/2009 (1) 9/30/2009
As reported $ 10,673 $ (24,384 ) $ (3,019 )
Amended 9,869 (23,617 ) (2,172 )
Change $ (804 ) $ 767 $ 847

Net loans
As reported $ 798,486 $ 539,614 $ 798,318
Amended 719,918 717,926 719,326
Change $ (78,568 ) $ 178,312 $ (78,992 )

FDIC indemnification asset
As reported $ - $ - $ -
Amended 84,980 83,591 83,909
Change $ 84,980 $ 83,591 $ 83,909

Other real estate owned (2)
As reported $ 22,672 $ 864 $ 1,175
Amended 412 864 1,175
Change $ (22,260 ) $ - $ -

Other real estate owned, covered by FDIC shared-loss agreement
As reported $ - $ - $ 16,823
Amended 12,267 12,521 11,105
Change $ 12,267 $ 12,521 $ (5,718 )

FDIC receivable under shared-loss agreement
As reported $ - $ - $ 3,560
Amended - 1,173 3,560
Change $ - $ 1,173 $ -

(1) At June 30, 2009, the Company reported $278.4 million as "FDIC covered assets" and is now retrospectively reporting these assets, as adjusted based on the changes mentioned previously, in the separately identified categories in the table above.
(2) Included covered and noncovered other real estate owned at March 31, 2009, after which time these components were separated.

COMMUNITY BANKERS TRUST CORPORATION
NET INTEREST MARGIN ANALYSIS
AVERAGE BALANCE SHEETS
(dollars in thousands)

Twelve months ended December 31, 2009 Twelve months ended December 31, 2008
Average Average
Average Interest Rates Average Interest Rates
Balance Income/ Earned/ Balance Income/ Earned/
Sheet Expense Paid Sheet Expense Paid
ASSETS:
Loans, including fees $ 554,875 $ 36,019 6.49 % $ 291,819 $ 19,694 6.75 %
Loans covered by FDIC loss share 161,243 15,139 9.39 %
Total loans 716,118 51,158 7.14 % 291,819 19,694 6.75 %
Interest bearing bank balances 21,542 296 1.38 % 40,927 356 0.87 %
Federal funds sold 16,567 37 0.22 % 4,895 90 1.84 %
Investments (taxable) 228,871 9,635 4.21 % 60,451 2,297 3.80 %
Investments (tax exempt)1 90,209 5,142 5.70 % 23,791 1,360 5.72 %
Total earning assets 1,073,307 66,268 6.17 % 421,883 23,797 5.64 %
Allowance for loan losses (12,022 ) (3,360 )
Non-earning assets 199,245 65,682
Total assets $ 1,260,530 $ 484,205

LIABILITIES AND STOCKHOLDERS' EQUITY
Demand - interest bearing $ 196,259 $ 1,933 0.98 % $ 55,811 $ 845 1.51 %
Savings 55,626 468 0.84 % 18,109 229 1.26 %
Time deposits 727,085 21,316 2.93 % 231,756 6,621 2.86 %
Total deposits 978,970 23,717 2.42 % 305,676 7,695 2.52 %
Fed funds purchased 971 8 0.82 % 5,436 131 2.41 %
FHLB and other borrowings 43,048 1,409 3.27 % 15,861 734 4.63 %
Total interest-bearing liabilities 1,022,989 25,134 2.46 % 326,973 8,560 2.62 %
Non-interest bearing deposits 62,034 52,945
Other liabilities 21,012 23,935
Total liabilities 1,106,035 403,853
Stockholders' equity 154,495 80,352
Total liabilities and stockholders' equity $ 1,260,530 $ 484,205
Net interest earnings $ 41,134 $ 15,237
Interest spread 3.71 % 3.02 %
Net interest margin 3.83 % 3.61 %

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

Community Bankers Trust Corporation
Bruce E. Thomas
Senior Vice President/Chief Financial Officer
804-443-4343

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