Citizens Bancorp of Virginia Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
November 03, 2015 at 10:18 pm IST
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Citizens Bancorp of Virginia announced earnings results for the third quarter and nine months ended September 30, 2015. The company has reported that net income for the third quarter ended September 30, 2015 was $876,000, or $0.39 per share, compared to $930,000, or $0.42 per share, for the same quarter ended September 30, 2014. Net interest income for the third quarter ended September 30, 2015 was $2.81 million, compared to $2.89 million for the same quarter ended September 30, 2014.
Net income for the nine months ended September 30, 2015 was $3.01 million, or $1.36 per share, compared to $2.84 million, or $1.27 per share, for the same period ended September 30, 2014. Net interest income for the nine months ended September 30, 2015 was $8.42 million, compared to $8.78 million for the same period ended September 30, 2014.
Citizens Bancorp of Virginia, Inc. is a one-bank holding company, which operates through its subsidiary, Citizens Bank and Trust Company (the Bank). The Bank is a commercial bank. The Bankâs primary trade areas are in the Virginia counties of Nottoway, Amelia, Prince Edward, Brunswick, Buckingham, Charlotte, Chesterfield, Cumberland, Dinwiddie, Lunenburg, Mecklenburg, Powhatan, and the cities of Colonial Heights, Richmond and Petersburg. The Bank offers traditional lending and deposit products to businesses and individuals. It offers personal checking and savings, certificates of deposit, individual retirement accounts, credit cards, business checking and savings, merchant services, and business credit Cards. Its other banking services include Citizens Bank & Trust Company Visa Debit Card, Citizens Online Banking & Bill Pay, Coin Counting, eStatements, Mobile Banking, Mobile Debit Alerts, Notary Services, Safe Deposit Boxes, SecurLOCK Equip, and 24 Hour Automated Telephone Banking.