About Community Bankers Trust

Community Bankers Trust Corporation operates as the holding company for the Essex Bank (the Bank) that provides financial services primarily to individuals, small businesses, and commercial companies. Essex Services, Inc. is a wholly-owned subsidiary of the bank. Essex Services and its financial consultants offer a range of investment products and alternatives through an affiliation with Infinex Investments, Inc., an independent broker-dealer. It also offers insurance products through the bank’s ownership interest in Bankers Insurance, LLC, an independent insurance agency. The bank operates 24 full-service offices in Virginia and Maryland. It also operates two loan production offices in Virginia. Operations Retail and Small Business Banking The company markets to consumers in geographic areas around its branch network through existing bricks and mortar, as well as with alternative delivery mechanisms and new product development, such as online banking, remote deposit capture, mobile banking and telephonic banking. In addition, the company attracts new customers by making its service through these distribution points convenient. All of the company’s existing markets are prime targets for expanding the consumer side of its business with full loan, deposit, investment and insurance relationships. Commercial and Industrial Banking In the commercial and industrial banking group, the company focuses on small to mid-sized business customers (sales of $5 million to $15 million each year) who are not targeted by larger banks and for whom smaller community banks have limited expertise. The typical relationship consists of working capital lines and equipment loans with the primary deposit accounts of the customer. Commercial Real Estate Lending The company has historically held a concentration in real estate loans. The company originates both owner occupied and non-owner occupied borrowings where the cash flows provide debt coverage for the relationship. Paycheck Protection Program (PPP) and Other Pandemic Relief During the coronavirus (COVID-19) pandemic and in response to such government legislation and regulations as Coronavirus Aid, Relief, and Economic Security Act (the ‘CARES Act’), the company has participated in the PPP and in certain forms of approved payment relief to its borrowers. Investment Portfolio As of December 31, 2020, the company’s investment portfolio included the U.S. Treasury securities; the U.S. Government agencies; state, county and municipal securities; mortgage backed securities; asset backed securities; and corporate bonds. Deposits As of December 31, 2020, the company’s deposits included interest bearing checking accounts (formerly NOW accounts); MMDA; savings accounts; and time deposits. Strategy The company’s strategy is to provide the products and services of the larger financial institutions, but delivered with the individual service focus of a small community bank. The company’s strategy is to manage the existing real estate portfolio and add income producing property loans and builders and other development loans to the portfolio. Regulation As a bank holding company, the company is subject to the Bank Holding Company Act of 1956, as amended (BHCA), and regulation and supervision by the Board of Governors of the Federal Reserve System (Federal Reserve). The company is also subject to regulation and supervision by the Bureau of Financial Institutions of the Virginia State Corporation Commission (the ‘Bureau’) under the financial institution holding company laws of Virginia. The bank is subject to supervision, regulation and examination by the Bureau and its primary federal regulator, the Federal Reserve. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) implemented far-reaching changes across the financial regulatory landscape, including changes that have significantly affected the business of all bank holding companies and banks, including the company and the bank. The bank’s deposits are insured by the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (FDIC) up to the standard maximum insurance amount for each deposit insurance ownership category. The bank is subject to certain consumer laws and regulations that are designed to protect consumers in transactions with banks. These laws and regulations include the Truth-in-Lending Act, the Truth-in-Savings Act, the Electronic Funds Transfer Act, the Expedited Funds Availability Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Housing Act, and regulations issued under such acts, among others. The bank is subject to the provisions of the Community Reinvestment Act (the ‘CRA’), which imposes a continuing and affirmative obligation, consistent with their safe and sound operation, to help meet the credit needs of entire communities where the bank accepts deposits, including low- and moderate-income neighborhoods. The bank has a rating of ‘Satisfactory’ in its most recent CRA evaluation. History Community Bankers Trust Corporation was founded in 1926.