1277254--3/31/2009--CITIZENS_BANCORP_OF_VIRGINIA

related topics

{condition, economic, financial}

{regulation, change, law}

{competitive, industry, competition}

{personnel, key, retain}

{tax, income, asset}

{system, service, information}

{capital, credit, financial}

A continuation or further deterioration of the current economic environment could adversely impact our financial condition and results of operations. Our profitability depends on our ability to manage our balance sheet to minimize the effects of interest rate fluctuation on our net interest margin. Our business is subject to various lending and other economic risks that could adversely impact our results of operations and financial condition. Any additional credit losses or deterioration in credit quality could negatively impact our financial results. Our future success is dependent on our ability to compete effectively in the highly competitive banking industry. We rely heavily on our management team and the services of key personnel. Our need to comply with extensive and complex government regulation could have an adverse effect on our business. The cost of being a public company is proportionately higher for small companies like us due to the requirements of the Sarbanes-Oxley Act. Our operations depend upon third party vendors that perform services for us.

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1277254--3/31/2009--CITIZENS_BANCORP_OF_VIRGINIA_INC