1277254--4/5/2006--CITIZENS_BANCORP_OF_VIRGINIA

related topics

{regulation, change, law}

{condition, economic, financial}

{competitive, industry, competition}

{personnel, key, retain}

{tax, income, asset}

{system, service, information}

{capital, credit, financial}

Our future success is dependent on our ability to compete effectively in the highly competitive banking industry. We may be adversely affected by economic conditions in our market area. 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 requirement of the Sarbanes-Oxley Act. Our operations depend upon third party vendors that perform services for us. Our profitability depends on our ability to manage our balance sheet to minimize the effects of interest rate fluctuation on our net interest margin. Any additional credit losses or deterioration in credit quality could negatively impact our financial results.

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1277254--4/5/2006--CITIZENS_BANCORP_OF_VIRGINIA_INC