Citizens Bancorp of Virginia Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net interest income was $2,851,000 against $2,934,000 a year ago. Net interest income after provision for loan losses was $2,814,000 against $2,864,000 a year ago. Income before income taxes was $1,044,000 against $1,190,000 a year ago. Net income was $808,000 against $905,000 a year ago. Earnings per share, basic & diluted were $0.36 against $0.40 a year ago. Book value per share as at December 31, 2014 was $20.45 against $19.33 a year ago.

For the nine months, the company reported net interest income was $11,630,000 against $11,723,000 a year ago. Net interest income after provision for loan losses was $11,480,000 against $11,533,000 a year ago. Income before income taxes was $4,815,000 against $4,711,000 a year ago. Net income was $3,653,000 against $3,571,000 a year ago. Earnings per share, basic & diluted were $1.63 against $1.58 a year ago.

For the fourth quarter, the company reported impairment - other real estate owned was $10,000 against nil a year ago.