Profile: Community Bankers Trust Corp (ESXB.A)
8 Mar 2019
Community Bankers Trust Corporation, incorporated on April 6, 2005, is the holding company for Essex Bank (the Bank). The Bank is engaged in a general commercial banking business and provides a range of financial services to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, online and mobile banking products, and safe deposit box facilities. Essex Services, Inc., a subsidiary of the Bank, and its financial consultants offer a range of investment products and alternatives through an affiliation with Infinex Investments, Inc., which is an independent broker-dealer. The Company operates in over three business lines: retail and small business banking, commercial and industrial banking and real estate lending.
The Company offers various types of loans, including real estate loans, such as residential one- to four-family, commercial loans, construction and land development loans, second mortgages, multifamily loans and agriculture loans; commercial loans, and consumer installment loans. The Company's loans total over $748.72 million.
The Company's investment securities include the United States treasury issue and other United States Government agencies; the United States Government sponsored agencies; state, county and municipal securities; corporate bonds and other bonds; mortgage backed United States Government agencies, and mortgage backed United States Government sponsored agencies. The fair value for its investment securities classified as available for sale is over $243.27 million. The fair value for its investment securities classified as held to maturity is over $37.61 million.
Sources of funds
The Company's lending and investing activities are funded primarily through its deposits. The Company's deposits include negotiable order of withdrawal account (NOW), money market deposit account (MMDA), savings and time deposits. The Company derives amount of its deposits through time deposits and certificates of deposits. The Company uses short-term borrowings in conjunction with deposits to fund lending and investing activities. Short-term funding includes overnight borrowings from correspondent banks. The Company's deposits total over $836.56 million.
Community Bankers Trust Corp
9954 Mayland Dr Ste 2100
RICHMOND VA 23233-1482