Community Bankers’ Bank and CBB Financial Corp. Announce Third Quarter 2021 Operating Results

a. Non-interest income for the Third Quarter of 2021 was 23% higher than the comparable period in 2020. The increase was driven in part by interest-sensitive fee income that rises when market rates fall.  Additionally, a higher volume of securities transactions was generated in the Third Quarter of 2021, which produced a 14% increase in CBB’s brokerage revenues compared to the same period in 2020.

b. Gross loan balances increased by 3.9% in the Third Quarter of 2021, as balances re-financed by other institutions were more than offset by funding of new loans.

The Bank continues to maintain a strong capital position that exceeds all regulatory requirements to be classified as “well capitalized,” with a Community Bank Leverage Ratio of 11.85% at September 30, 2021, compared to 11.24% at December 31, 2020, and 11.48% at September 30, 2020.

Gary R. Shook, President and Chief Executive Officer of CBB Financial Corp. and Community Bankers’ Bank, commented, “The Third Quarter brought a continuation of improving results in all areas of the Company.  We were particularly pleased with the addition of two Cash Letter Settlement Banks, along with the broadening of revenue coming from several of our new alliance partnerships.  CBB is no different from every community bank in that we need to continue to enhance Balance Sheet income with additional sources of fee income.  The Third Quarter brought new sources of fee income with additional sources coming on line during the 4^th Quarter and into 2022.  Moreover, the CBB team continues to review existing partnerships and look at additional opportunities based upon suggestions from our shareholders and clients.  CBB exists to serve the growing needs of our shareholders and clients; thus, we value your input into the process.  As CBB enters into its 35^th year of operation in 2022, be on the lookout for additional ways to connect with us as we look to add value to your Company and enhance your ownership benefits.”