8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2009

COMMUNITY BANKERS TRUST CORPORATION

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation) 001-32590
(Commission File Number) 20-2652949
(IRS Employer
Identification No.)

4235 Innslake Drive, Suite 200
Glen Allen, Virginia
(Address of principal executive offices)
23060
(Zip Code)

Registrant’s telephone number, including area code: (804) 934-9999

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

     On July 29, 2009, Community Bankers Trust Corporation (the “Company”) issued a press release reporting its financial results for the period ended June 30, 2009. The press release is being furnished as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.

     On July 29, 2009, members of the Company’s management presented at Keefe, Bruyette & Woods’ 10th Annual Community Bank Investor Conference in New York, New York. A copy of management’s presentation materials is being furnished as Exhibit 99.2 to this report and is incorporated by reference into this Item 7.01. The presentation will also be available for a period of time through the “investor information” page of the Company’s internet web site at www.cbtrustcorp.com.

Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits. The following exhibits are being furnished pursuant to Items 2.02 and 7.01 above.

Exhibit No.	Description
99.1	Press release issued July 29, 2009
99.2	Presentation Materials dated July 29, 2009

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COMMUNITY BANKERS TRUST CORPORATION (Registrant)
Date: July 29, 2009	By:	/s/ Bruce E. Thomas
		Bruce E. Thomas
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release issued July 29, 2009
99.2	Presentation Materials dated July 29, 2009

EX-99.1

Exhibit 99.1

Community Bankers Trust Corporation Reports Preliminary Second Quarter Results, Including a Non-Cash Goodwill Impairment Charge and Continued Strong Capital, Liquidity and Reserves for Loan Losses

• Non-Cash Impairment Charge Against Goodwill of $24.0 million

• Tangible Book Value Per Common Share Increases to $5.01

• Allowance for Loan Losses Increased to 2.21% of Total Loans, Excluding Covered Assets

Wednesday, July 29, 2009

Glen Allen, Virginia — Community Bankers Trust Corporation (the “Company”) (NYSE Amex: BTC), the holding company for Essex Bank (the “Bank”), reported preliminary results for the second quarter of 2009. The Company reported a net loss available to common stockholders for the second quarter of 2009 of $16.6 million, or $0.77 per basic and diluted share. This loss was primarily the result of a non-cash goodwill impairment charge of $24.0 million and a special assessment by the FDIC applicable to all banks of $583,000. The net tax effects of the goodwill impairment charge and the FDIC special assessment were $15.9 million and $384,000, respectively. The second quarter results also reflected $265,000 of dividends and accretion costs associated with the Company’s TARP investment. Excluding the goodwill impairment charge, the FDIC special assessment, and the costs associated with TARP, the Company would have had net operating income of $56,000, or $0.00 per basic and diluted share, for the second quarter.

The Company is required to assess the value of its goodwill for impairment periodically, which was performed during the second quarter of 2009, one year following the consummation of the Company’s mergers on May 31, 2008 with TransCommunity Financial Corporation and BOE Financial Services of Virginia, Inc. The assessment resulted in a goodwill impairment that reflected the decline in overall general economic conditions, rapid change in the market valuations of financial institutions and the discount that shares of the Company’s common stock have traded to their tangible book value for an extended period of time. The impairment charge did not have a negative impact on the Company’s liquidity, tangible equity ratio, strong reserves or regulatory capital ratios.

Based on these results, the Company reported a net loss available to common stockholders of $5.9 million for the six months ended June 30, 2009, or $0.28 per basic and diluted share. Excluding the goodwill impairment charge, the FDIC special assessment, the costs associated with TARP, and the $21.3 million gain that the Company recorded in the first quarter with respect to its acquisition of the operations of Suburban Federal Savings Bank (“SFSB”) from the FDIC, the Company’s net operating loss would have equaled $3.3 million, or $0.15 per basic and diluted share, for the six-month period. This loss was attributable to the Company’s increasing its provision for loan losses by $6.0 million for the period. The allowance for loan losses to total loans, excluding FDIC-covered assets (which are described below), is 2.21% and reflects prudent recognition of the general economic conditions.

George M. Longest, Jr., President and Chief Executive Officer, stated, “This year has been a tough year in the banking industry, and the recognition of impairment to goodwill, while significant, given the number of banks that have recognized such goodwill impairments, was not unexpected. The amount of this charge was also influenced by the value of our stock price, as it relates to our tangible and stated book value, on the assessment date.”

Mr. Longest continued, “Despite our extraordinary loss in the second quarter, the Company’s capital and reserve positions remain strong. The goodwill impairment and subsequent decrease in our total stockholders’ equity did not result in a negative impact on our common tangible equity capital. At June 30, 2009, we reported a total stockholders’ equity to total assets ratio of 12.1%. Based on our June 30th closing price of $3.70, our price to common book value is 57.2%, and our price to common tangible book value is 73.9%.” Mr. Longest added, “Our industry has seen many challenges in the past 12 months. The remainder of 2009 appears to be equally challenging. We are proud of our many accomplishments including the strength of our balance sheet, our combined management team, and the integration of our acquisitions. We are optimistic and believe we are well positioned for the future.”

The following table depicts a reconcilement of the Company’s operating results to present the items and assessments described above:

	Three months ended			Six months ended
Dollars in 000’s, except per share data	June 30, 2009			June 30, 2009
Operating loss prior to income taxes, as reported	$	(24,529	)	$	(8,313	)
add:
Goodwill impairment charge		24,032			24,032
FDIC special assessment		583			583
subtract:
(Gain) on SFSB transaction		—			(21,260	)
Operating income (loss), as adjusted		86			(4,958	)
Income tax expense (benefit)		30			(1,686	)
Operating income (loss), as adjusted, net of taxes	$	56		$	(3,272	)
Operating income (loss), as adjusted, per basic and diluted share	$	0.00		$	(0.15	)

Covered Assets

On January 30, 2009, the Bank entered into a purchase and assumption agreement with the FDIC, as receiver, for SFSB. The Bank assumed all deposit liabilities and purchased certain assets of SFSB. In connection with the SFSB transaction, the Bank entered into two shared-loss agreements with the FDIC with respect to the loan and foreclosed real estate assets purchased. One agreement relates to losses arising from single family one-to-four residential mortgage loans, and one agreement relates to losses arising from other loans and foreclosed real estate.

Under the shared-loss agreements, the FDIC will reimburse the Bank for 80% of all losses, including expenses associated with liquidating and maintaining properties arising from covered loan assets, on the first $118 million of all losses on such covered loans, and for 95% of losses on covered loans thereafter.

Under the shared-loss agreements, a “loss” on a covered loan is defined generally as a realized loss incurred through a permitted disposition, foreclosure, short-sale or restructuring of the covered asset. The reimbursable losses from the FDIC are based on the book value of the relevant loan as determined by the FDIC at the date of the SFSB transaction, January 30, 2009. New loans made after that date are not covered by the shared-loss agreements.

Balance Sheet

Total assets aggregated $1.29 billion at June 30, 2009. Total assets declined $55.4 million or 4.11% from March 31, 2009. This decline was directly attributable to management’s planned reduction in interest bearing bank balances of $15.4 million, a reduction in securities of $23.1 million and the non-cash goodwill impairment charge, on an after-tax basis, of $15.9 million. Loans not covered by the FDIC shared-loss agreements increased $9.6 million or 1.77% from $542.2 million at March 31, 2009 to $551.8 million at June 30, 2009. Despite the reduction in time deposits noted below, the Company remains highly liquid with a structured securities portfolio, as well as a net seller of overnight funds. The Company had federal funds sold of $25.8 million at June 30, 2009. Management anticipates funding future loan growth by divesting FDIC-covered assets and by reducing its position in overnight funds sales. The Company’s loan and FDIC-covered loan to deposit ratio equaled 75.70% at June 30, 2009. Excluding FDIC-covered loans, the loan-to-deposit ratio equaled 51.69% at quarter-end.

Total deposits equaled $1.07 billion at June 30, 2009 versus $1.11 billion at March 31, 2009. Higher cost time deposits decreased during the quarter while lower cost savings and transactional deposit accounts increased $4.7 million during the second quarter. Savings deposits equaled $58.4 million at June 30, 2009 compared to $55.8 million at March 31, 2009, an increase of 4.66%. NOW and Money Market Deposit accounts totaled $205.4 million at June 30, 2009 compared to $203.3 million at March 31, 2009.

Results of Operations

For the three months ended June 30, 2009, the Company recognized a provision for loan losses of $540,000 versus $5.5 million for the first quarter of 2009. The year-to-date provision for loan losses was $6.0 million, which increased the loan loss reserve to $12.2 million or 2.21% of non-FDIC covered loans. Net charge-offs of loans equaled $362,000 for the three months ended June 30, 2009 and $778,000 for the first six months of 2009.

The following table depicts asset quality ratios, excluding FDIC-covered assets, at June 30, 2009 and March 31, 2009:

Dollars in 000’s	June 30, 2009			March 31, 2009
Nonaccrual loans	$	24,482		$	8,009
Loans past due over 90 days		514			1,195
Other real estate owned		864			412
Total nonperforming assets	$	25,860		$	9,616
Balances
Allowance for loan losses	$	12,185		$	11,543
Average loans during quarter, net of unearned income	$	548,577		$	534,566
Loans, net of unearned income	$	551,799		$	542,191
Ratios
Allowance for loan losses to total loans		2.21	%		2.13	%
Allowance for loan losses to nonperforming assets		47.12	%		120.04	%
Nonperforming assets to loans and other real estate		4.68	%		1.77	%
Net charge-offs to average loans, annualized		0.26	%		0.31	%

The increase in non-accrual loans from the first quarter consisted primarily of two credits secured by real estate. While the level of non-accrual loans increased during the second quarter of 2009, the loan loss reserve was considered adequate to meet potential future losses. As previously disclosed management proactively identified impaired loans during the first quarter of the year and had significantly increased the Company’s loan loss provision commensurate with the risks inherent in the portfolio. Although these loans migrated to non-accrual status during the second quarter, the Company had sufficiently reserved for them with its prior provisions.

At June 30, 2009, FDIC-covered assets totaled $278.4 million. Of this amount, $192.0 million are performing loans, $64.2 million are non-accrual loans, $21.5 million are other real estate owned, and $714,000 are 90 days past due and still accruing. All of these loan relationships are under the shared-loss agreements, which limit the potential loss to the Company in the event that these loans should default. The Company’s special assets department is aggressively working towards the appropriate resolution of these credits.

Following an independent loan review encompassing 100% of the acquired loan portfolio, management recognized, in the first quarter, all anticipated losses and the FDIC-guaranteed portion on such losses as reflected in the mark to market value recorded on the Company’s financial statements for that period. Furthermore, the Company offset against the $45 million discount it received from the FDIC in the transaction, a net discount of $23.8 million, reflecting its portion of the anticipated losses, leaving a net fair market value of the FDIC-covered assets of $296.3 million, and amounts recoverable from the FDIC on covered assets.

Net interest earnings totaled $9.5 million and $18.5 million for the three and six month periods ended June 30, 2009, respectively. The increase in the amount of non-accrual loans noted during the second

quarter of the year slightly hampered the net interest margin. The net interest margin for the three months ended June 30, 2009 equaled 3.20%, a decrease from 3.26% for the three months ended March 31, 2009. Despite the increase in non-accrual loans, margin compression was mitigated somewhat as management lowered rates on virtually all deposit accounts. The Company, by virtue of aggressively lowering the rates paid on certificates of deposits and not renewing certain brokered funds, lowered balances in this high cost category by $41.9 million during the second quarter of 2009. Average cost of deposits was 2.51% during the quarter.

Non-interest income was $1.3 million and $23.4 million for the three and six month periods ended June 30, 2009, respectively. Excluding the gain recorded on the SFSB transaction in the first quarter, non-interest income would have equaled $2.2 million for the six-month period. The single largest component of non-interest income was service charges on deposit accounts, which totaled $618,000 and $1.2 million for the three and six month periods ended June 30, 2009. During the second quarter of 2009, non-interest income was favorably affected by securities gains of $341,000.

For the three months ended June 30, 2009, non-interest expense was $34.8 million. Excluding the goodwill impairment charge and the FDIC assessment, non-interest expense would have totaled $10.2 million for the three months ended June 30, 2009. Salaries and wages equaled $5.0 million for the quarter, which would have been 49.37% of non-interest expenses, as so adjusted. On a linked quarter basis, salaries and wages increased $602,000, which was the result of increased management staffing in the latter part of the first quarter.

Non-interest expense was $44.2 million for the six months ended June 30, 2009. Excluding the non-cash goodwill impairment charge and the special FDIC assessment, non-interest expenses would have totaled $19.6 million. Salaries and wages equaled $9.5 million, or 48.30% of non-interest expenses, as so adjusted, for the first six months of 2009.

Management anticipates ongoing operating efficiencies throughout the remainder of 2009 as SFSB’s operating systems will be converted in early August.

The following table depicts a reconcilement of non-interest expenses, as discussed above:

	Three months ended		Six months ended
Dollars in 000’s	June 30, 2009		June 30, 2009
Non-interest expense	$	34,800	$	44,188
less :
Goodwill impairment charge		24,032		24,032
FDIC special assessment		583		583
Adjusted non-interest expense	$	10,185	$	19,573

About Community Bankers Trust Corporation

The Company is the holding company for Essex Bank, a Virginia state bank with 25 full-service offices, 14 of which are in Virginia, seven of which are in Maryland and four of which are in Georgia. Additional information is available on the Company’s website at www.cbtrustcorp.com.

Forward-Looking Statements

This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. These forward-looking statements include, without limitation, statements with respect to the Company’s operations, growth strategy and goals. Actual results may differ materially from those included in the forward-looking statements due to a number of factors, including, without limitation, the effects of and changes in the following: general economic and market conditions, either nationally or locally; the interest rate environment; competitive pressures among banks and financial institutions or from companies outside the banking industry; real estate values; the quality or composition of the Company’s loan or investment portfolios; the demand for deposit, loan, and investment products and other financial services; the demand, development and acceptance of new products and services; consumer profiles and spending and savings habits; the securities and credit markets; costs associated with the integration of banking and other internal operations; the soundness of other financial institutions with which the Company does business; inflation; technology; and legislative and regulatory requirements. These factors and additional risks and uncertainties are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 and other reports filed from time to time by the Company with the Securities and Exchange Commission. This press release speaks only as of its date, and the Company disclaims any duty to update the information in it.

Contact: Bruce E. Thomas

Senior Vice President/Chief Financial Officer

Community Bankers Trust Corporation

804-443-4343

COMMUNITY BANKERS TRUST CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
at JUNE 30, 2009, MARCH 31, 2009 and DECEMBER 31, 2008
(dollars in thousands)

	June 30, 2009			March 31, 2009			December 31, 2008
	Unaudited			Unaudited			Audited
Assets
Cash and due from banks	$	20,110		$	20,863		$	10,864
Interest bearing bank deposits		14,158			29,571			107,376
Federal funds sold		25,830			34,467			10,193
Total cash and cash equivalents		60,098			84,901			128,433
Securities available for sale, at fair value		178,923			190,513			193,992
Securities held to maturity		130,113			143,464			94,865
Equity securities, restricted, at cost		6,838			5,016			3,612
Total securities		315,874			338,993			292,469
Loans held for resale		668			386			200
Loans		551,799			542,190			523,298
Allowance for loan losses		(12,185	)		(11,543	)		(6,939	)
Net loans		539,614			530,647			516,359
FDIC — covered assets		278,436			290,099			—
Bank premises and equipment		37,484			31,854			24,111
Other real estate owned		864			412			223
Bank owned life insurance		6,415			6,349			6,300
Core deposit intangibles, net		18,211			18,865			17,163
Goodwill		13,152			34,285			34,285
Other assets		20,819			10,251			9,507
Total assets	$	1,291,635		$	1,347,042		$	1,029,050
Liabilities
Deposits:
Demand:
Noninterest bearing	$	59,949		$	60,706		$	59,699
Interest bearing		1,007,498			1,044,651			746,649
Total deposits		1,067,447			1,105,357			806,348
Federal Home Loan Bank advances		37,000			37,900			37,900
Trust preferred capital notes		4,124			4,124			4,124
Other liabilities		26,379			24,861			16,992
Total liabilities	$	1,134,950		$	1,172,242		$	865,364
Stockholders’ Equity
Preferred stock (5,000,000 shares authorized, $0.01 par value) 17,680 shares issued and outstanding		17,680			17,680			17,680
Discount on preferred stock		(943	)		(988	)		(1,031	)
Warrants on preferred stock		1,037			1,037			1,037
Common stock (50,000,000 shares authorized, $0.01 par value) 21,468,455 shares issued and outstanding		215			215			215
Retired warrants on common stock		(1,604	)		—			—
Additional paid in capital		146,110			144,572			145,359
Retained earnings		(5,880	)		11,622			1,691
Accumulated other comprehensive income (loss)		70			662			(1,265	)
Total stockholders’ equity	$	156,685		$	174,800		$	163,686
Total liabilities and stockholders’ equity	$	1,291,635		$	1,347,042		$	1,029,050

COMMUNITY BANKERS TRUST CORPORATION
UNAUDITED CONSOLIDATED INCOME STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2009 and 2008
(dollars and shares in thousands, except per share data)

	June 30, 2009			June 30, 2008
	Unaudited			Unaudited
Interest and dividend income
Interest and fees on loans	$	18,047		$	2,704
Interest and fees on FDIC covered loans		6,286			—
Interest on federal funds sold		26			46
Interest on deposits in other banks		202			—
Interest and dividends on securities:
Taxable		5,499			687
Nontaxable		1,577			110
Total interest income		31,637			3,547
Interest expense
Interest on deposits		12,417			1,027
Interest on federal funds purchased		—			13
Interest on other borrowed funds		737			80
Total interest expense		13,154			1,120
Net interest income		18,483			2,427
Provision for loan losses		6,040			234
Net interest income after provision for loan losses		12,443			2,193
Noninterest income
Service charges on deposit accounts		1,189			180
Gain on Suburban transaction		21,260			—
Gain on securities transactions, net		293			—
Gain on sale of other real estate		21			—
Other		669			119
Total noninterest income		23,432			299
Noninterest expense
Salaries and employee benefits		9,454			574
Occupancy expenses		1,134			112
Equipment expenses		762			108
Legal fees		555			99
Professional fees		1,156			100
FDIC assessment		874			16
Data processing fees		1,474			104
Amortization of intangibles		1,110			149
Impairment of goodwill		24,032			—
Other operating expenses		3,637			673
Total noninterest expense		44,188			1,935
(Loss) income before income taxes		(8,313	)		557
Income tax (benefit) expense		(2,925	)		158
Net (loss) income	$	(5,388	)	$	399
Dividends accrued on preferred stock		438			—
Accretion of discount on preferred stock		88			—
Net (loss) income available to common stockholders	$	(5,914	)	$	399
Net (loss) income per share — basic	$	( 0.28	)	$	0 .04
Net (loss) income per share — diluted	$	( 0.28	)	$	0 .03
Weighted average number of shares outstanding
basic		21,468			11,391
diluted		21,478			13,553

COMMUNITY BANKERS TRUST CORPORATION
UNAUDITED CONSOLIDATED INCOME STATEMENTS
FOR THE THREE MONTHS ENDED JUNE 30, 2009 and 2008
(dollars and shares in thousands, except per share data)

	June 30, 2009			June 30, 2008
	Unaudited			Unaudited
Interest and dividend income
Interest and fees on loans	$	9,631		$	2,704
Interest and fees on FDIC covered loans		3,016			—
Interest on federal funds sold		12			46
Interest on deposits in other banks		81			—
Interest and dividends on securities
Taxable		2,607			282
Nontaxable		820			110
Total interest income		16,167			3,142
Interest expense
Interest on deposits		6,299			1,027
Interest on federal funds purchased		—			13
Interest on other borrowed funds		390			80
Total interest expense		6,689			1,120
Net interest income		9,478			2,022
Provision for loan losses		540			234
Net interest income after provision for loan losses		8,938			1,788
Noninterest income
Service charges on deposit accounts		618			180
Gain on Suburban transaction		—			—
Gain on securities transactions, net		341			—
Gain on sale of other real estate		—			—
Other		374			119
Total noninterest income		1,333			299
Noninterest expense
Salaries and employee benefits		5,028			574
Occupancy expenses		554			112
Equipment expenses		419			108
Legal fees		305			46
Professional fees		456			24
FDIC assessment		744			16
Data processing fees		732			104
Amortization of intangibles		654			149
Impairment of goodwill		24,032			—
Other operating expenses		1,876			582
Total noninterest expense		34,800			1,715
Income before income taxes		(24,529	)		372
Income tax expense		(8,207	)		84
Net income	$	(16,322	)	$	288
Dividends accrued on preferred stock		220			—
Accretion of discount on preferred stock		45			—
Net income available to common stockholders	$	(16,587	)	$	288
Net (loss) income per share — basic	$	(0.77	)	$	0.02
Net (loss) income per share — diluted	$	(0.77	)	$	0.02
Weighted average number of shares outstanding
basic		21,468			13,407
diluted		21,478			15,283

COMMUNITY BANKERS TRUST CORPORATION
NET INTEREST MARGIN ANALYSIS
AVERAGE BALANCE SHEETS
FOR THE SIX MONTHS ENDED JUNE 30, 2009

	Average			Interest		Average
	Balance			Income/		Rates
	Sheet			Expense		Earned/Paid
ASSETS:
Loans, including fees	$	541,184		$	18,047		6.67	%
Loans covered by FDIC loss share		232,513			6,286		5.41	%
Interest Bearing Bank Balances		34,122			202		1.18	%
Federal funds sold		20,041			26		0.26	%
Investments (taxable)		264,566			5,499		4.16	%
Investments (tax exempt)		80,232			1,577		5.96	%
Total Earning Assets		1,172,658			31,637		5.43	%
Allowance for loan losses		(9,280	)
Non-earning assets		133,413
Total Assets	$	1,296,792
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Demand —
Interest bearing	$	191,231		$	1,175		1.23	%
Savings		53,252			274		1.03	%
Time deposits		744,007			10,968		2.95	%
Total deposits		988,490			12,417		2.51	%
Other borrowed
Federal Funds Purchased		0			—		0.00	%
FHLB and Other		43,313			737		3.40	%
Total interest-bearing liabilities		1,031,803			13,154		2.55	%
Non-interest bearing deposits		61,301
Other liabilities		35,377
Total liabilities		1,128,481
Stockholders’ equity		168,311
Total liabilities and stockholders’ equity	$	1,296,792
Net interest earnings				$	18,483
Interest spread							2.88	%
Net interest margin							3.19	%

COMMUNITY BANKERS TRUST CORPORATION
NET INTEREST MARGIN ANALYSIS
AVERAGE BALANCE SHEETS
FOR THE THREE MONTHS ENDED JUNE 30, 2009

	Average			Interest		Average
	Balance			Income/		Rates
	Sheet			Expense		Earned/Paid
ASSETS:
Loans, including fees	$	548,577		$	9,631		7.02	%
Loans covered by FDIC loss share		261,205			3,016		4.62	%
Interest Bearing Bank Balances		19,741			81		1.64	%
Federal funds sold		24,142			12		0.20	%
Investments (taxable)		262,007			2,607		3.98	%
Investments (tax exempt)		83,505			820		5.95	%
Total Earning Assets		1,199,177			16,167		5.43	%
Allowance for loan losses		(11,009	)
Non-earning assets		137,175
Total Assets	$	1,325,343
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Demand —							—
Interest bearing	$	203,965		$	485		0.95	%
Savings		57,364			114		0.79	%
Time deposits		763,276			5,700		2.99	%
Total deposits		1,024,605			6,299		2.46	%
Other borrowed
Federal Funds Purchased		—			—		0.00	%
FHLB and Other		37,789			390		4.13	%
Total interest-bearing liabilities		1,062,394			6,689		2.52	%
Non-interest bearing deposits		61,421
Other liabilities		31,056
Total liabilities		1,154,871
Stockholders’ equity		170,472
Total liabilities and stockholders’ equity	$	1,325,343
Net interest earnings				$	9,478
Interest spread							2.91	%
Net interest margin							3.20	%

EX-99.2

Exhibit 99.2

Positioning for the Future KBW Community Bank Investor Conference July 29, 2009

The presentation of Community Bankers Trust Corporation may include forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. These forward-looking statements include, without limitation, statements with respect to the Company's operations, growth strategy and goals. Actual results may differ materially from those included in the forward-looking statements due to a number of factors. These factors and additional risks and uncertainties are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and other reports that the Company files with or furnishes to the Securities and Exchange Commission. Forward-Looking Statements

A single bank holding company Headquartered in Greater Richmond, Virginia Market cap of approximately $80 million as of July 24, 2009 $1.3 billion in total assets as of June 30, 2009 $1.1 billion in total deposits (predominately locally generated) $808 million in total loans $552 million loans not covered by FDIC guarantee; all in market loans $256 million covered by FDIC guarantee $356 million in total securities, IBB's and FFS Loan to deposit ratio of 51.7%, excluding covered assets Total capital ratio over 12.1% Community Bankers Trust Corporation (NYSE AMEX "BTC") Data as of 6/30/2009

Operating 25 Retail Branches 14 in Greater Central Virginia stretching from the Chesapeake Bay through Richmond to the Shenandoah Valley 4 in northeastern outskirts of Greater Atlanta, Georgia market Gwinnett, Walton, and Newton counties 7 in Greater Baltimore-Washington Corridor 1 LPO in Fairfax County, Northern Virginia market 1 LPO in Forsyth County, North Georgia market 269 total full time employees; $4.8 million assets per FTE

Positioning for the Future Georgia Virginia and Maryland BTC BTC LPO

Demographics of Our Markets Source: SNL Financial data as of June 30, 2008 Unemployment data projected as of June 2009 per US Bureau of Labor and Statistics State demographics represent BTC's deposit weighted counties of operation BTC Market Demographics Virginia Maryland Georgia National Median HH Income 2008 ($) 60,367 74,465 63,554 54,749 Projected HH Income Change 2008-2013 (%) 12.6 14.8 16.5 17.0 Projected Population Change 2008-2013 (%) 11.9 3.7 23.4 6.3 Unemployment (%) 7.4 6.7 9.7 9.5

Deposit Market Share - Zip Codes of Operation Market Branch Deposits Share Rank Institution Count ($000) (%) Source: SNL Financial data as of June 30, 2008; pro forma for pending and recently completed acquisitions Market includes only BTC's zip codes of operation 1 Wells Fargo & Co. (CA) 22 1,455,737 14.50 2 Community Bankers Trust Corp (VA) 25 1,092,347 10.88 3 Bank of America Corp. (NC) 17 915,301 9.12 4 BB&T Corp. (NC) 19 852,689 8.49 5 SunTrust Banks Inc. (GA) 20 715,676 7.13 6 Capital One Financial Corp. (VA) 9 522,593 5.20 7 M&T Bank Corp. (NY) 15 436,056 4.34 8 Village Bank & Trust Finl Corp (VA) 6 280,679 2.80 9 Eastern Virginia Bankshares (VA) 6 266,344 2.65 10 Synovus Financial Corp. (GA) 3 257,746 2.57 11 PNC Financial Services Group (PA) 7 250,802 2.50 12 Central Virginia Bankshares (VA) 4 241,180 2.40 13 Brand Group Holdings Inc. (GA) 2 223,041 2.22 14 Union Bankshares Corp. (VA) 11 198,218 1.97 15 C&F Financial Corp. (VA) 4 148,361 1.48 Top 15 170 7,856,770 78.24 Totals 235 10,041,243 100.00

Name Title Age Years with BTC Additional Information Alexander F. Dillard, Jr. Chairman 70 27 Formerly chairman of BOE Financial Services of Virginia, Inc.; Director since 1982 George M. Longest, Jr. President and Chief Executive Officer 49 20 Formerly President and CEO of BOE Financial Services of Virginia, Inc. and Bank of Essex Gary A. Simanson Vice Chairman / Chief Strategic Officer 48 4 Founder and former President, CEO and CFO; Managing Director, First Capital Group, LLC Bruce E. Thomas Chief Financial Officer 45 19 Formerly CFO of BOE Financial Services of Virginia, Inc. and Bank of Essex Patrick J. Tewell Chief Accounting Officer 44 2 Formerly CFO of TransCommunity Financial Corporation and former bank regulator M. Andrew McLean President, Essex Bank 54 8 Formerly President of TransCommunity Bank, N.A. William E. Saunders, Jr. Chief Risk Officer 46 5 Formerly Chief Risk Officer of BOE Financial Services of Virginia, Inc. and Bank of Essex; former bank regulator Suzanne S. Rennolds Senior Vice President - Director of Human Resources 59 28 Formerly Senior Vice President - Director of Human Resources for BOE Financial Services of Virginia, Inc. and Bank of Essex Management: Building a Multi-Billion Dollar Platform of Experience

Name Title Additional Information Rex L. Smith III Chief Administrative Officer Previously served as President and CEO for Bank of Richmond Lawrence N. Ashworth Chief Credit Officer Previously served as CCO for Bank of Richmond Mary B. Randolph Director of Commercial Credit Admin. Previously served as Senior Loan Operations Officer for Bank of Richmond William O. Turner Chief Internal Auditor Previously served as Chief Internal Auditor for First Charter John M. Oakey III Senior Legal Counsel / Corporate Secretary Previously served as Assistant General Counsel for Circuit City Stores and Partner at Williams Mullen law firm Heather D. Skigen Chief Special Assets Officer Previously served as Special Assets Officer for Bank of America Richard L. Oppitz, Jr. Market President, Maryland Previously member of the office of the Chairman and Chief Credit Officer of Provident Rocklyn E. Hunt Market President, Georgia Previously President of the North Georgia region at Regions Bank Matthew D. White Director of Treasury Mgmt and ALCO Previously served as CFO for Bank of Richmond Jeffrey R. Cantrell Senior Financial Officer, Georgia Previously served as SFO of the North Georgia region at Regions Bank Management: New Hires 5 members of management formerly served as Presidents at other community banks 4 members of management formerly served as CFOs at other community banks

Traditional community bank focused on customer relationships and personalized customer service 80 plus year history Seek modest internal core growth Focused on core deposit gathering Not reliant on brokered CDs or FHLB borrowings Conservative credit culture concentrating on lending in local markets Avoid participations and out-of-market lending Strong relationship within each community that we operate Team approach to management (biggest success this year) Striving to obtain efficiencies through integration, consolidation and centralized credit review and administration Conservative balance sheet designed for liquidity and flexibility, positioned for the future Management is focused on building long-term shareholder value, transparency, communication Corporate Culture

Strategic Plan Dual strategy of operating a core community bank with modest and controlled internal core growth merging with or acquiring core community banks in the greater Mid-Atlantic region that meet our value proposition to build a broader, diversified, efficiently operated franchise focused on core community banking. A model with disciplined pricing and conservative execution expectations

Building a Preeminent Franchise Community Bank Announce Date: 11/21/2008 Assets: $84MM Deposits: $611MM Bid: 1.36% CD Prem TransCommunity Financial Corp (1) Announce Date: 9/5/2007 Assets: $215MM Deposits: $184MM P/TBook: 161% CD Prem: 14.9% Suburban Federal Savings Bank Announce Date: 1/30/2009 Assets: $348MM Deposits: $302MM Bid: Negative $45MM Created one time gain of $21MM BOE Financial Services (1) Announce Date: 12/13/2007 Assets: $295MM Deposits: $241MM P/TBook: 178% CD Prem: 12.0% (1) SNL Financial, data at announcement

Explanation of Cost Share with FDIC and Accounting Items On January 30, 2009, Essex Bank acquired certain operations of Suburban Federal Savings Bank ("SFSB") of Crofton, Maryland, in an FDIC-assisted transaction. The acquisition included approximately $303 million in core deposits and $320 million in loans and foreclosed real estate(1). BTC's bid was negative $45MM for SFSB's operations. Fair value adjustments at acquisition: Discount on loans, net (21,757,000) Decrease in other real estate owned (2,023,000) Core deposit intangible 2,158,000 Settlement receivable with the FDIC (663,000) Increase in certificates of deposit (1,455,000) Net assets acquired, pre-tax $21,260,000 Loans and foreclosed real estate acquired were recorded at fair value: loans of $278,507,000 and foreclosed real estate of $17,820,000. A 100% independent loan review was performed on the acquired portfolio. The SFSB transaction included a shared-loss agreement with the FDIC for 80% of covered assets acquired up to a $118 million loss total. If losses incurred are over $118 million, they will be covered at a rate of 95%. Essex Bank recorded the covered assets at fair value on the transaction date, representing a net discount of $23.8 million. (1) Reflects full mark to market adjustments, FDIC write up adjustments, and Bank of Essex write up adjustments from anticipated credit exposure

Summary of Material Accounting Items Loans and ORE acquired from the FDIC from Suburban Federal were purchased at their initial book value, written down to their fair value at the time of acquisition and then adjusted to reflect the FDIC Loss Recovery. Essex Bank then took this Recorded Fair Value and applied, from its negative bid of $45 million, its portion of the Fair Market Value adjustment of $23.8 million to derive the Net Fair Market Value of $296.3 million. For the loans acquired from the FDIC, under a loss-share agreement, the Company will record income on impaired loans based on the expected cash flows of the loan, under the guidance of SOP 03-3, recognizing an "accretible yield" and that there is a "non-accretible" difference between contractual and expected cash flows. Non-impaired loans accrete income under the contractual terms of the loan. Preliminarily, the Company will accrete non-impaired loans up from the recorded fair value to the acquired principal value over the life of the loan, subject to the future issuance of formal guidance. SFSB Loans Acquired FDIC Fair Value Essex Bank from FDIC Initial FM Value Market Loss including FDIC Discount Value Write Down Value Recovery Recovery (FMV Adj.) Total Loans 300,264 $ 108,786 $ 191,478 $ 87,029 $ 278,507 $ (21,757) $ Other Real Estate 19,844 10,117 9,727 8,093 17,820 (2,023) 320,108 $ 118,903 $ 201,205 $ 95,122 $ 296,327 $ (23,780) $ SFSB Loans Acquired FDIC Fair Value Essex Bank from FDIC Initial FM Value Market Loss including FDIC Portion Applied Value Write Down Value Recovery Recovery Against Discount Total Loans 300,264 $ 108,786 $ 191,478 $ 87,029 $ 278,507 $ (21,757) $ Other Real Estate 19,844 10,117 9,727 8,093 17,820 (2,023) 320,108 $ 118,903 $ 201,205 $ 95,122 $ 296,327 $ (23,780) $

Balance Sheet Asset quality data includes covered assets Data in $000s as of 6/30/2009 VA MD GA Parent Total Assets 917,162 $ 307,553 $ 62,122 $ 4,798 $ 1,291,635 $ Loans Total Loans 531,508 $ - - $ 19,541 $ 750 $ 551,799 $ Allowance (11,801) - - (384) - - (12,185) Net Loans 519,707 - - 19,157 750 539,614 Covered Assets - - 255,738 - - - - 255,738 Net Loans and Covered Assets 519,707 255,738 19,157 750 795,352 Past Due >90 Days Accruing 514 - - - - - - 514 Nonaccruing Loans 24,482 - - - - - - 24,482 Other Real Estate Owned 864 - - - - - - 864 Nonperforming Assets 25,860 - - - - - - 25,860 Covered Past Due >90 Days Accruing - - 714 - - - - 714 Covered Nonaccruing Loans - - 64,238 - - - - 64,238 Covered Real Estate Owned - - 21,525 - - - - 21,525 Covered Nonperforming Assets - - 86,477 - - - - 86,477 Deposits Demand 45,934 $ 1,600 $ 12,415 $ - - $ 59,949 $ Money Market 56,636 - - 13,491 - - 70,127 NOW 53,651 54,271 27,379 - - 135,301 Certificates 206,511 217,219 119,599 - - 543,329 Certificates > $100K 124,341 - - 75,689 - - 200,030 Other 35,651 18,110 4,955 - - 58,716 Totals 522,724 291,200 253,528 - - 1,067,452 FHLB Borrowings 37,000 $ - - $ - - $ - - $ 37,000 $ Average yield on loans 6.67% Average cost of deposits 2.51% Net Interest Spread (YTD) 2.88% Net Interest Margin (YTD) 3.19%

Highly Liquid Avail. For Sale Securities Portfolio - 6/30/2009 Held to Maturity Securities Portfolio - 6/30/2009 Total Portfolio: $179MM Average Maturity: 4.83 years Total Portfolio: $143MM Average Maturity: 5.21 years 2Q2009 Average Yield on Securities: 4.2% US Treasury issue and other US Government agencies 8.6% State, county and municipal 43.9% Mortgage backed securities 43.1% Corporates and other bonds 4.4% US Treasury issue and other US Government agencies 0.6% State, county and municipal 10.1% Mortgage backed securities 88.6% Corporates and other bonds 0.8%

Loan Composition: Geographical Breakdown Average yield: 6.67%* * Data as of Q2 2009; does not include loans covered by FDIC loss share Loan Portfolio - 6/30/2009 MD, $256MM, 32% GA, $20MM, 2% VA, $531MM, 66% VA GA MD

Loan Composition Essex Bank MD (Covered Assets) Loan Portfolio Breakdown June 30, 2009 Essex Bank VA & GA Loan Portfolio Breakdown June 30, 2009 Essex Bank VA & GA Loan Portfolio Breakdown June 30, 2009 $30,467,878 6% $107,488,732 20% $4,858,850 1% $29,703,299 5% $105,997,946 19% $14,356,021 3% $9,151,692 2% $3,522,829 1% $77,035,850 14% $96,918,219 18% $350,000 0% $1,397,824 0% $45,537,003 8% $508,555 0% $12,982,481 2% $1,913,865 0% $9,035 0% $7,516,702 1% Construction 1-4 Family Resid Other Constr Land Develop Farmland Rev. Sec 1-4 Family Residential First Lien 1-4 Family R/E Jr.Lien 1-4 Family R/E Multifamily Residential Non-Farm Non- Residential O/O Non-Farm Non-Resident Other Non-Farm Non-Resident Lease Financing Receivables Agricultural Production Commercial & Industrial Consumer Revolving Plans Other Consumer Loans Poilitcial & State Obligations Securities All Other Loans Essex Bank MD (Covered Assets) Loan Portfolio Breakdown June 30, 2009 $15,571,000 6% $23,498,000 9% $43,040,000 17% $151,454,000 59% $17,223,000 7% $4,504,000 2% $235,000 0% $213,000 0% 1-4 Family Resid Other Const Loans Rev 1-4 Family Resid First Lien 1-4 Family Junior Lien 1-4 Family Non-Farm Non-Resid Revolving Credit Plans Student Loans

Credit Quality Peer data as of 3/31/2009 and represents the median value of public banks and thrifts in GA, SC, NC, VA, MD, WV with assets between $500MM and $5B Numbers in $000s; as of 6/30/2009 MD GA VA FDIC Covered Assets Loans Not Covered by FDIC FDIC Covered Assets % Noncovered Assets % Consolidated Nonaccrual loans $64,238 $0 $24,482 $64,238 $24,482 72.4% 27.6% $88,720 Loans past due over 90 days 714 0 514 714 514 58.1% 41.9% 1,228 Other real estate owned 21,525 0 864 21,525 864 96.1% 3.9% 22,389 Total nonperforming assets $86,477 $0 $25,860 $86,477 $25,860 77.0% 23.0% $112,337 Numbers in $000s; as of 6/30/2009 Non-Covered Asset Ratios Numerator Denominator Ratio Peer Nonaccrual loans / total loans $24,482 $551,799 4.4% 2.3% Allowance for loan losses / loans 12,185 551,799 2.2% 1.5% Allowance for loan losses / nonaccrual loans 12,185 24,482 49.8% 71.5% Nonperforming assets / loans & other real estate 25,860 552,663 4.7% 2.2% Allowance for loan losses / NPLs 12,185 24,996 48.7% 67.8%

Non-Accruals by Category Essex Bank MD (Covered Assets) Non- Accruals Breakdown June 30, 2009 Essex Bank VA & GA Non-Accruals Breakdown June 30, 2009 Category Total Loans Total Non-Accrual Construction 1-4 Family Resid 30,467,878 $ 2,311,000 $ 7.59% Other Constr Land Develop 107,488,732 11,831,000 11.01% Farmland 4,858,850 - - 0.00% Rev. Sec 1-4 Family Residential 29,703,299 12,000 0.04% First Lien 1-4 Family R/E 105,997,946 2,556,000 2.41% Jr.Lien 1-4 Family R/E 14,356,021 618,000 4.30% Multifamily Residential 9,151,692 - - 0.00% Non-Farm Non- Residential 3,522,829 - - 0.00% O/O Non-Farm Non-Resident 77,035,850 4,087,000 5.31% Other Non-Farm Non-Resident 96,918,219 2,617,000 2.70% Lease Financing Receivables 350,000 - - 0.00% Agricultural Production 1,397,824 - - 0.00% Commercial & Industrial 45,537,003 - - 0.00% Consumer Revolving Plans 508,555 - - 0.00% Other Consumer Loans 12,982,481 - - 0.00% Poilitcial & State Obligations 1,913,865 - - 0.00% Securities 9,035 - - 0.00% All Other Loans 9,598,921 450,000 4.69% Totals 551,799,000 $ 24,482,000 $ 4.4% Category Total Loans Total Non-Accrual 1-4 Family Const 23,498,000 $ 7,095,113 $ 30.19% Other Const Loans 43,040,000 35,722,508 83.00% Secured by Farmland - - - - 0.00% Rev 1-4 Family Resid 15,571,000 - - 0.00% First Lien 1-4 Family 151,454,000 18,939,833 12.51% Junior Lien 1-4 Family 17,223,000 2,478,340 14.39% Non-Farm Non-Resid 4,504,000 180,529 4.01% Revolving Credit Plans 235,000 - - 0.00% Student Loans 213,000 2,261 1.06% Totals 255,738,000 $ 64,238,000 $ 25.1%

Recent Deposit Trends Virginia Maryland Georgia BTC Deposits ($ Millions) $522.7 $291.2 $253.5 Percentage of BTC Total 49.0% 27.3% 23.7% BTC Consolidated Deposits ($MM) Data as of Q2 2009 $486 $806 $1,105 $1,067 $0 $200 $400 $600 $800 $1,000 $1,200 2008Q3 2008Q4 2009Q1 2009Q2

Capital Components Common Equity $157M TARP Preferred $18M Trust Preferred $4M Source: SNL Financial; data as of quarter ended March 31, 2009 *Book and tangible book value as of 6/30/2009 Peers represents the median value of public banks and thrifts in GA, SC, NC, VA, MD, WV with assets between $500MM and $5B 3/31/2009 Geographic BTC Peers TCE / TA 7.90% 6.49% Leverage Ratio 10.20% 9.29% Tier 1 RBC Ratio 17.91% 11.25% Total RBC Ratio 19.11% 12.63% Book Value* 6.47 $ Tangible Book Value* 5.01 $

Integration Data Processing Operations Policies and Procedures Name Credit Products

Summary of June 30, 2009 Material Events On May 31, 2008, the Company consummated mergers with TransCommunity Financial Corporation and BOE Financial Services of Virginia, Inc. resulting in the recording of $22.2 million and $17.3 million in Goodwill, respectively. In the second quarter of 2009, the Company assessed the Goodwill recorded on its balance sheet. As a result of this assessment, the Company recorded a non-cash impairment charge of $24.0 million, resulting in an after-tax charge of $15.9 million. For the second quarter ended June 30, 2009, the Company reported a net loss available to common stockholders of $16.6 million. This included an after-tax, non- cash goodwill impairment charge of $15.9 million and a one-time assessment by the FDIC of $384,000, after tax. Excluding the two aforementioned non-recurring items, net operating income for the second quarter totaled $56,000. For the second quarter of 2009, the Company had provision for loan loss expense of $540,000 and ended the quarter with an Allowance for Loan Losses to Total Loans of 2.21%.

Peer Performance Comparisons (1) VA includes Parent (2) Excludes FDIC covered assets Source: SNL Financial; BTC Data as of 6/30/2009, peer data as of most recent available quarter States represent the median value of all public banks and thrifts headquartered in the respective state Peer data represents the median value of public banks and thrifts in GA, SC, NC, VA, MD, WV with assets between $500MM and $5B Geographic VA (1) MD GA BTC (2) Peers Non Accrual Loans % of Total Loans 0.97 1.81 4.31 4.44 2.24 % of Total Assets 0.77 1.53 3.01 2.46 1.65 Non Performing Assets % of Total Loans 1.42 2.99 6.92 4.69 2.96 % of Total Assets 1.09 2.30 5.01 2.60 2.13 Allowance for Loan Losses % of Total Loans 1.30 1.11 1.97 2.21 1.48 % of NPAs 91.8 47.2 27.9 47.1 52.5 Past Due Loans 90+ Days PD / Avg Loans 0.21 0.17 0.00 0.09 0.03 BTC Totals VA (1) MD GA BTC (2) Nonaccrual loans 24,482 $ 64,238 $ - - $ 24,482 $ Total Loans 532,258 255,738 19,541 551,799 Nonperforming Assets 25,860 86,477 - - 25,860 Allowance for loan losses 11,801 - - 384 12,185 Past Due 90+Days Still Accruing 514 714 - - 514 Total Assets 921,960 307,553 62,122 1,291,635

Peer Market Performance Comparison Source: SNL Financial; FactSet Research Systems; financial data as of quarter ended March 31, 2009, BTC financial data as of 6/30/2009 Market data as of 7/24/2009 Trading peers represent the median value of public banks and thrifts in VA and MD with assets between $1B and $5B YTD Stock Price Performance Trading Peers BTC Median Price / Book Value 0.57 0.89 Price / TBook Value 0.74 1.18 1/1/09 1/23/09 2/13/09 3/10/09 4/1/09 4/24/09 5/15/09 6/8/09 7/1/09 7/24/09 60% 70% 80% 90% 100% 110% 120% 130% 140% 150% Community Bankers Trust Corp. (+23.3%) BTC Peers (+3.1%)

Positioning for the Future KBW Community Bank Investor Conference July 29, 2009