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CITIZENS BANCORP OF VIRGINIA INC (CZBT) Create: Alert

All | News | Filings
Date FiledTypeDescription
04/27/2012 8-K Form 8-K - Current report
02/02/2012 8-K Form 8-K - Current report
11/03/2011 8-K Form 8-K - Current report
07/26/2011 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION"
04/28/2011 8-K Form 8-K - Current report
02/07/2011 8-K Form 8-K - Current report
07/22/2010 8-K Form 8-K - Current report
04/19/2010 8-K Quarterly results
Docs: "2010 2009"
01/29/2010 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: January 29, 2010 Quarterly Earnings Results Reported by Citizens Bancorp [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc. , the parent company of Citizens Bank and Trust Company , reported net income of $600 thousand, or $0.25 per share for the quarter ended December 31, 2009. Net income for the fourth quarter of 2008 was $634 thousand, which was $0.26 per share or $0.01 greater than the same quarter for 2009. The return on average assets for the three months ended December 31, 2009 was 0.75% as compared to the same period in 2008 when the return was 0.85%, or a decrease of ten basis points. The Company also reported consolidated total assets of $321.0 million or an increase of $15.9 million or 5.2% from the $305.1 million at Decem..."
10/16/2009 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: October 16, 2009 Quarterly Earnings Results Reported by Citizens Bancorp [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc. , the parent company of Citizens Bank and Trust Company , reported net income of $757 thousand, or $0.32 per share for the quarter ended September 30, 2009. Net income for the third quarter of 2008 was $910 thousand, which was $0.38 per share or $0.06 greater than the same quarter for 2009. The return on average assets for the three months ended September 30, 2009 was 0.97% as compared to the same period in 2008 when the return was 1.24%. The Company also reported consolidated total assets of $317.1 million or an increase of $12.0 million or 3.9% from the $305.1 million at December 31, 2008. For the first nine m..."
07/24/2009 8-K Quarterly results
Docs: "2009 2008 2009 2008"
04/28/2009 8-K Form 8-K -- Current report
02/04/2009 8-K Form 8-K -- Current report
10/24/2008 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: October 24, 2008 Citizens Bancorp of Virginia Reports 3rd Quarter 2008 Earnings [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc. , the parent company of Citizens Bank and Trust Company , reported net income of $910 thousand, or $0.38 per share for the third quarter ended September 30, 2008; which is an increase of 18.8% over the third quarter of 2007. This is $0.06 per share greater than the $766 thousand or $0.32 per share reported for September 30, 2007. The Company's improved third quarter earnings were primarily the result of declines in the Bank's cost of funds and continued expansion of non-interest income. Year-to-date earnings totaled $2.453 million or $1.01 per share, and were 1.1% lower than $2.481 million or $1.02 per sh..."
07/30/2008 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: July 30, 2008 Earnings Reported by Citizens Bancorp for 2nd Quarter 2008 [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc. , the parent company of Citizens Bank and Trust Company , reported net income of $763 thousand, or $0.32 per share for the second quarter ended June 30, 2008. This is $0.05 per share lower than the $906 thousand or $0.37 per share reported for June 30, 2007. For the year-to-date, net income totaled $1.542 million or $0.64 per share as compared to $1.715 million or $0.70 per share for the same period in 2007. “The current economic environment is difficult for all financial institutions on some level; we anticipated that our results would not meet the bank's previous year's performance given the continued decline ..."
04/18/2008 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: April 16, 2008 Earnings Reported by Citizens Bancorp for 1st Quarter 2008 [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc. , the parent company of Citizens Bank and Trust Company , reported net income of $779 thousand, or $0.32 per share for the first quarter ended March 31, 2008. This is $30 thousand less than the $809 thousand or $0.33 per share reported for March 31, 2007. The Federal Reserve's reduction of short-term interest rates by 200 basis points during the first quarter of 2008 placed pressure on the net interest margin for all banking institutions and the Bank was no exception. The net interest margin declined by 20 basis points from 4.24% at December 31, 2007 to 4.04% at March 31, 2008. In 2008, the Bank provided $10 th..."
10/26/2007 8-K Quarterly results
Docs: "PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION Dated: October 25, 2007 Growth and Earnings Reported by Citizens Bancorp of Virginia [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, reported that at September 30, 2007 total assets of the Company had grown 3.2% to $290 million as compared to $281 million at December 31, 2006. Third quarter 2007 net income was $766 thousand or $0.32 per share, compared to earnings of $1.1 million or $0.45 per share for the third quarter of 2006. The earnings for the third quarter 2006 included a one-time recovery of a previously charged loan loss provision of $259 thousand, net of income taxes. Net income for the third quarter of 2006, excluding the provision recovery, would have been $831 thousand,..."
07/27/2007 8-K Quarterly results
Docs: "Second Quarter 2007 Earnings Reported by Citizens Bancorp of Virginia [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, reported second quarter earnings for 2007 of $906 thousand or $0.37 per share, compared to earnings of $884 thousand or $0.36 per share were reported for the second quarter of 2006, an increase of 2.5% over 2006. Assets at June 30, 2007 were $287.6 million, an increase of $6.7 million compared to $280.9 million at December 31, 2006, a 2.4% increase. Loan balances increased by $9.5 million to $207.7 million at June 30, 2007 as compared to the $198.2 million at December 31, 2006. The Company views controlling the interest margin as a key factor in dealing with the ongoing, high short-term interest rates in orde..."
04/24/2007 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia Reports First Quarter 2007 Earnings [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, reported first quarter earnings for 2007 of $809 thousand or $0.33 per share, compared to the first quarter of 2006 when earnings of $781 thousand or $0.32 per share were reported, an increase of 3.6% over 2006. Assets at March 31, 2007 were $281.8 million, an increase of $832 thousand compared to $280.9 million at December 31, 2006, a 0.3% increase. The current level of short-term interest rates continued to create some interest margin compression in the first quarter of 2007 primarily as a result of certificates of deposit renewing at higher rates; however, the impact was minimal on the net interest margin. For ..."
02/01/2007 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia Reports Record Earnings for 2006 [Blackstone, Virginia] Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, reported record earnings for 2006 of $3.37 million or $1.38 per share, compared to $3.10 million or $1.27 per share for 2005, an increase of $264 thousand or 8.50%. “Senior management is very pleased with the Company's performance that leads to achieving record earnings,” Mr. Joseph D. Borgerding, President and Chief Executive Officer stated. “This is a result of the staff's efforts at improving the Bank's asset quality, focusing on recovery efforts from problem credits, growing non-interest income, and managing core operating expenses.” Assets at December 31, 2006 were $280.9 million, an increase of $7.8 million com..."
10/23/2006 8-K Quarterly results
Docs: "Recovery Buoys Third Quarter Earnings at Citizens Bancorp of Virginia, Inc. Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, announced third quarter earnings of $1,087,000, or $0.45 per share, which represents a 31.8% increase over 2005 third quarter earnings of $826,000, or $0.34 per share. A cash recovery stemming from a prior commercial loan charge off helped to spur earnings in the quarter for the Company. The recovery resulted in creating an excess amount in the reserve for loan losses. Therefore, a reversal in the provision for loan losses amounting to $365,000 was recorded during the most recently completed calendar quarter. Earnings for the quarter, exclusive of the recovery, were $831,000 or unchanged compared to the same quarter in 2005. ..."
07/31/2006 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia Announces Mid-Year Results Citizens Bancorp of Virginia, Inc., the parent company of Citizens Bank and Trust Company, announced second quarter earnings of $884,000, or $0.36 per share, which represents a 29.0% increase over 2005 second quarter earnings of $685,000 or $0.28 per share. For the six-month period ended June 30, 2006, the Company reported earnings of $1,665,000, an increase of $272,000 or 19.5% better than the first six months of 2005. The return on average assets, annualized for the first six months of 2006 was 1.21%, which is an 18.6% improvement from the annualized return on average assets for the first six months of 2005 at 1.02%. The favorable earnings results for the first half of 2006 were the result of increases in short term rates by the Fed..."
02/08/2006 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia Announces 25% Increase in Earnings for 2005"
10/21/2005 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia Announces Third Quarter Earnings"
07/22/2005 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia, Inc. Announces Six Months Earnings"
04/25/2005 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia, Inc. Announces First Quarter Earnings"
02/14/2005 8-K Quarterly results
Docs: "Citizens Bancorp of Virginia, Inc. Announces 2004 Earnings"
10/20/2004 8-K Quarterly results

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