Citizens Bancorp of Virginia Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. The company reported net income of $842,000, or $0.36 per basic and diluted share, for the quarter ended December 31, 2011. This result is a 10.5% increase in net income as compared to the fourth quarter of the prior year. Net income for the fourth quarter of 2010 was $762,000, or $0.32 per basic and diluted share. The return on average assets for the quarter ended December 31, 2011 was 1.02% as compared to the same period in 2010 when the return on average assets was 0.91%. Book value per common share was $17.99 at December 31, 2011, up $1.15 from December 31, 2010. Net interest income was $3,056,000 against $2,852,000 a year ago. Income before income taxes was $1,118,000 against $995,000 a year ago. Net income for 2011 was $3.192 million, or $1.37 per basic and diluted share which was an increase of 8.3% or $0.12 per basic and diluted share compared to the full year for 2010. Net interest income was $11,992,000 against $11,843,000 a year ago. Income before income taxes was $4,178,000 against $3,909,000 a year ago. The company declared fourth quarter cash dividend of $0.17 per share, representing an annual dividend yield of 4.76%, based upon the average quoted stock price during the fourth quarter. For the fourth quarter, the company reported net other-than-temporary impairments of $10,000.