CMUV Bancorp Announces 2024 4th Quarter Financial Results

Community Valley Bank / CMUV Bancorp

Financial Summary

For Quarter Ending December 31, 2024

BALANCE SHEET

December 31, 2024

December 31, 2023

ASSETS

Cash & Cash Equivalents

$

28,472,322 

$

 45,198,375 

Total Investments

7,191,513 

 7,426,100 

Gross Loans

262,932,710 

 231,924,633 

ACL

(2,710,837)

(2,534,087)

Total Earning Assets

$

295,885,707 

$

 282,015,021 

Other Assets

15,481,678 

$

 15,025,617 

TOTAL ASSETS

$

311,367,385 

$

 297,040,638 

LIABILITIES

Deposits

$

270,934,149 

$

 259,604,962 

Total Borrowings & Debt Obligations

2,003,400 

 2,043,630 

Other Liabilities

896,329 

 670,975 

TOTAL LIABILITIES

$

273,833,877 

$

 262,319,567 

SHAREHOLDER CAPITAL/EQUITY

Total Stock, Equity, Retained Earnings

$

33,377,158 

$

 30,716,328 

Net Income

$

4,156,350 

 4,004,744 

TOTAL EQUITY/CAPITAL

$

37,533,507 

$

 34,721,071 

TOTAL LIABILITIES & CAPITAL/EQUITY

$

311,367,385 

$

 297,040,638 

STATEMENT OF INCOME AND EXPENSE

December 31, 2024

December 31, 2023

Total Interest Income

$

17,885,742 

$

 15,927,961 

Total Interest Expense

(5,188,631)

$

(4,033,266)

NET INTEREST INCOME

$

12,697,111 

$

 11,894,695 

Total Other Non-Interest Income

$

911,349 

 $838,567 

Total Non-Interest Expenses

$

(7,564,023)

$

(7,065,385)

Provision for Loan Loss

(210,948)

$

(135,600)

INCOME BEFORE TAXES

$

5,833,490 

$

 5,532,277 

Income Tax Expense

$

(1,677,141)

$

(1,527,533)

NET INCOME

$

4,156,350 

$

 4,004,744 

FINANCIAL RATIOS

Return on Average Assets (ROAA)

1.36%

1.37%

Return on Average Equity (ROAE)

12.17%

12.37%

Net Income - Quarter

$1,063,184

$1,130,729

Earnings Per Share (Basic) - Quarter

$0.61

$0.64

Earnings Per Share (Basic) - YTD

$2.38

$2.26

Total Shares (Oustanding/Exercised)

1,746,622 

1,772,422

Book Value - Basic (CVB - Bank)

$21.49

$19.59

Book Value - Basic (CMUV - Holding Company)

$17.79

$16.15

** Book Value = Total Equity-Capital/Total Shares (Exercised)