CVBK Central Virginia Bankshares, Inc. featured news, full reports, and detailed charts
Central Virginia Bankshares, Inc. (CVBK) Wrap Up:
The Company and the Bank. Central Virginia Bankshares, Inc. (the “Company”) was incorporated as a Virginia corporation on March 7, 1986, solely to acquire all of the issued and outstanding shares of Central Virginia Bank (the “Bank”). The Bank was incorporated on June 1, 1972 under the laws of the Commonwealth of Virginia and, since opening for business on September 17, 1973, its main and administrative office had been located on U.S. Route 60 at Flat Rock, in Powhatan County, Virginia. In May 1996, the administrative offices were relocated to the Corporate Center in the Powhatan Commercial Center on New Dorset Road located off Route 60 less than one mile from the main office. In June 2005, the original main office was closed and relocated nine-tenths of a mile east, to the then just completed new main office building. The Company maintains an internet website at www.centralvabank.com, which contains information relating to it and its business. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f02%2f0001002105-08-000121.html#FIS_BUSINESS"www.centralvabank.com
100 Employees
Founded in 1972
Central Virginia Bankshares Inc. (CVBK:NASDAQ)
LAST $3.75 USD
CHANGE TODAY 0.00 0.00%
VOLUME 1.5K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Central Virginia Bankshares Inc. (CVBK)
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OPEN
$3.75
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PREVIOUS CLOSE
$3.75
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DAY HIGH
$3.75
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DAY LOW
$3.72
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52 WEEK HIGH
11/28/08 - $7.92
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52 WEEK LOW
08/31/09 - $3.04
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MARKET CAP
9.8M
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AVERAGE VOLUME 3 mo
3.5K
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DILUTED EPS TTM
$1.65
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SHARES OUTSTANDING
2.6M
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EX-DATE
08/27/09
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P/E TTM
2.3x
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DIVIDEND
$0.21
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DIVIDEND YIELD
5.60%
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| K = Thousands M = Millions B = Billions | ||
CVBK Top Compensated Officers
Mr. Ralph Larry Lyons
Vice Chairman, Chief Executive Officer, Presi...
Age: 60
Total Annual Compensation: $224.7K
Mr. Charles F. Catlett III
Chief Financial Officer and Senior Vice Presi...
Age: 60
Total Annual Compensation: $143.0K
Mrs. Leslie S. Cundiff
Senior Vice President and Senior Credit Offic...
Age: 60
Total Annual Compensation: $141.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Central Virginia Bankshares Inc. (CVBK)
Central Virginia Bankshares Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/17/2009
Central Virginia Bankshares Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. The company's third quarter 2009 core after tax earnings were $571,368 compared to $395,060 in the second quarter and $248,732 in the first quarter 2009 and $942,656 in the third quarter of the prior year. The net after tax effect of these items resulted in the company's reporting a net loss of $1,050,669 for the third quarter 2009 compared to a net loss of $16,893,841 in the third quarter of 2008. The net loss available to common shareholders after accounting for accrued dividends and accretion of discount on preferred stock totaling $160,588 was a loss of $1,211,257. On both a basic and fully diluted basis, the loss per common share for the third quarter 2009 was $0.46, an improvement of $6.08 versus the loss of $6.54 per share in the third quarter of the prior year. For third quarter 2009, the negative return on average assets was 0.85% versus the prior year's 13.59%. The negative return on average shareholders' equity was 12.94% compared to 227.11% in last year's third quarter. The book value of a share of common stock was $13.02 compared to $4.93 at third quarter 2008. Net interest income, on a fully tax equivalent basis, in the third quarter was $3.80 million versus $3.47 million in the second quarter. For the nine months, the company reported net loss of $884,889 and net loss available to common shareholders of $1,314,703 or $0.50 per diluted share on net interest income of $10,146,347 against net loss of $15,088,759 and net loss available to common shareholders of $15,088,759 or $5.86 per diluted share on net interest income of $11,072,965 for the same period a year ago. The negative return on average assets was 0.24% versus the prior year's 4.05%. The negative return on average shareholders' equity was 4.03% compared to 58.38% in last year's period.
Central Virginia Bankshares Inc. expected to Report Q3 2009 Results on November 9, 2009. This event was calculated by Capital IQ (Created on November 5, 2009).
11/5/2009
Central Virginia Bankshares Inc. expected to Report Q3 2009 Results on November 9, 2009. This event was calculated by Capital IQ (Created on November 5, 2009).
Central Virginia Bankshares Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2009
08/20/2009
The board of directors of Central Virginia Bankshares Inc. at its August meeting, declared a regular quarterly cash dividend of $0.0525 per common share, payable on September 15, 2009 to shareholders of record August 31, 2009.
CVBK Competitors
| Company | Last | Change |
| Bay National Corporation | $1.90 USD | +0.09 |
| Carolina Trust Bank | $5.65 USD | +0.05 |
| CNB Corp | $10.10 USD | 0.00 |
| First Community Bank Corp of America | $2.30 USD | +0.02 |
| Patapsco Bancorp Inc | $3.00 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CVBK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 21.4x |
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CVBK |
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CVBK transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Central Virginia Bankshares, Inc.
More news for CVBK
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 10-Q, Quarterly Report
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Critical Accounting Policies General. The Company's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The financial information contained within our statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained either when earning income, recognizing an expense, recovering an asset or relieving a liability. For example, we may use historical loss factors as one of the many factors and estimates utilized in determining the inherent losses that may be present in our loan portfolio. Actual losses could differ substantially from the historical factors that we use. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of our transactions would be the same, the timing of events that would affect our transactions could change. A summary of the significant accounting policies of the Company is set forth in Note 1 to the Company's consolidated financial statements. Allowance for Loan Losses: We establish the allowance for loan losses through charges to earnings in the form of a provision for loan losses. Loan losses are charged against the allowance when we believe that the collection of the principal is unlikely. Subsequent recoveries of losses previously charged against the allowance are credited to the allowance. The allowance represents an amount that, in our judgment, will be appropriate to absorb any losses on existing loans that may become uncollectible. Our judgment in determining the level of the allowance is based on evaluations of the collectibility of loans while taking into consideration such factors as trends in delinquencies ...Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 10-Q, Quarterly Report
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Critical Accounting Policies General. The Company's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The financial information contained within our statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained either when earning income, recognizing an expense, recovering an asset or relieving a liability. For example, we may use historical loss factors as one of the many factors and estimates utilized in determining the inherent losses that may be present in our loan portfolio. Actual losses could differ substantially from the historical factors that we use. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of our transactions would be the same, the timing of events that would impact our transactions could change. A summary of the significant accounting policies of the Company is set forth in Note 1 to the Company's consolidated financial statements. Allowance for Loan Losses: We establish the allowance for loan losses through charges to earnings in the form of a provision for loan losses. Loan losses are charged against the allowance when we believe that the collection of the principal is unlikely. Subsequent recoveries of losses previously charged against the allowance are credited to the allowance. The allowance represents an amount that, in our judgment, will be appropriate to absorb any losses on existing loans that may become uncollectible. Our judgment in determining the level of the allowance is based on evaluations of the collectibility of loans while taking into consideration such factors as trends in delinquenc...Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Show all filings for CENTRAL VIRGINIA BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CENTRAL VIRGINIA BANKSHARES INC 11-May-2009Results of Operations and Financial Condition, Financial Statemen Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All info...Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Central Virginia Bankshares, Inc. Declares 3rd Quarter Cash Dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Show all filings for CENTRAL VIRGINIA BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CENTRAL VIRGINIA BANKSHARES INC 17-Aug-2009Results of Operations and Financial Condition, Financial Statemen Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Show all filings for CENTRAL VIRGINIA BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CENTRAL VIRGINIA BANKSHARES INC 17-Nov-2009Results of Operations and Financial Condition, Financial Statemen Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
Central Virginia Bankshares Reports Third Quarter 2009 Results
POWHATAN, Va., Nov. 16 /PRNewswire-FirstCall/ -- Central Virginia Bankshares, Inc. (Nasdaq: CVBK - News) announced another significant improvement in third quarter 2009 core earnings when compared to the preceding second and first quarter's core earnings. Core earnings are net income after adjustment for the after tax effect of several significant income and expense items, specifically: securities gains and losses, non-cash other than temporary impairment write-downs, and the FDIC special assessment. The company's third quarter 2009 core after tax earnings were $571,368 compared to $395,060 in the second quarter and $248,732 in the first quarter 2009 and $942,656 in the third quarter of the prior year. Third quarter securities gains and losses net to a loss of $224,975, a non-cash other than temporary impairment "OTTI" write-down of four securities totaling $2,231,331. The net after tax effect of these items resulted in the Company's reporting a net loss of $1,050,669 for the third quarter 2009 compared to a net loss of $16,893,841 in the third quarter of 2008. The net loss available to common shareholders after accounting for accrued dividends and accretion of discount on preferred stock totaling $160,588 was a loss of $1,211,257. On both a basic and fully diluted basis, the loss per common share for the third quarter 2009 was $0.46, an improvement of $6.08 versus the loss of $6.54 per share in the third quarter of the prior year. For third quarter 2009, the return on average assets was -0.85 percent versus the prior year's -13.59 percent. The return on average shareholders' equity was -12.94 percent compared to -227.11 percent in last ...Click here to read the whole Article (external link)
CENTRAL VIRGINIA BANKSHARES INC Files SEC form 10-Q, Quarterly Report
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Critical Accounting Policies General. The Company's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The financial information contained within our statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained either when earning income, recognizing an expense, recovering an asset or relieving a liability. For example, we may use historical loss factors as one of the many factors and estimates utilized in determining the inherent losses that may be present in our loan portfolio. Actual losses could differ substantially from the historical factors that we use. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of our transactions would be the same, the timing of events that would affect our transactions could change. A summary of the significant accounting policies of the Company is set forth in Note 1 to the Company's consolidated financial statements. Allowance for Loan Losses: We establish the allowance for loan losses through charges to earnings in the form of a provision for loan losses. Loan losses are charged against the allowance when we believe that the collection of the principal is unlikely. Subsequent recoveries of losses previously charged against the allowance are credited to the allowance. The allowance represents an amount that, in our judgment, will be appropriate to absorb any losses on existing loans that may become uncollectible. Our judgment in determining the level of the allowance is based on evaluations of the collectibility of loans while taking into consideration such factors as trends in delinquencies ...Click here to read the whole Article (external link)
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