Community Bankers Trust Corporation announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total interest and dividend income of $15,114,000 against $13,389,000 a year ago. Net interest income was $11,980,000 against $11,026,000 a year ago. Net interest income after provision for loan losses was $11,980,000 against $10,876,000 a year ago. Income before income taxes was $4,900,000 against $3,335,000 a year ago. Net income was $3,955,000 against $2,416,000 a year ago. Fully diluted per share was $0.17 against $0.11 a year ago. Annualized return on average assets of 1.16% against 0.75% a year ago. Annualized return on average equity of 12.08% against 7.8% a year ago. The increase in net income was primarily the result of a $634,000 increase in interest and dividend income, driven by an increase of $540,000, or 4.8%, in interest and fees on loans. Interest and dividend income increased by $1.8 million in the third quarter of 2018 compared with the same period in 2017, driven by interest and fees on loans, which increased $1.8 million.

For the nine months, the company reported total interest and dividend income of $43,733,000 against $39,557,000 a year ago. Net interest income was $35,094,000 against $32,867,000 a year ago. Net interest income after provision for loan losses was $35,094,000 against $32,717,000 a year ago. Income before income taxes was $12,629,000 against $10,530,000 a year ago. Net income was $10,331,000 against $7,843,000 a year ago. Diluted per share was $0.46 against $0.35 a year ago. Annualized return on average assets of 1.02% against 0.82% a year ago. Annualized return on average equity of 10.79% against 8.69% a year ago.

There were net charge-offs of $96,000 in the third quarter of 2018.

For the year 2019, the company expects tax rate to be 18%, 19%.