Community Valley Bank Announces Profitable 2012 Performance Results and Solid Growth

Community Valley Bank Announces Profitable 2012 Performance Results and Solid Growth

EL CENTRO, Calif.--(BUSINESS WIRE)-- Robert "Bob" Hahn, President and CEO of Community Valley Bank (OTCBB: CMUV), recently announced Community Valley Bank's (CVB) year-end results for 2012. CVB showed solid growth in both earnings and assets. Deposits grew to $90.0 million, gross loans rose to $80.6 million while total assets reached $108.6 million.

Community Valley Bank earned $295,000 in the fourth quarter. The result is a 2012 profit of $621,000. This is a 30% increase from year-end 2011. The Bank funded $540,000 into CVB's Allowance for Loan and Lease Losses reaching $1,434,000 or 1.78% of gross loans. CVB is continuing to aggressively review its loan risks while growing loan assets in a challenging economy.


The book value of CVB's common stock (CMUV) is $5.40 per share with market value at year-end of $5.00 per share. CVB tier one leverage capital ratio was 11.36%, exceeding the regulatory ratio required for designation as a "well-capitalized bank."

CVB has become the bank of businesses in Imperial County and beyond. With a large array of loan products including SBA and USDA loan programs it continues to provide area businesses with the largest selection of banking opportunities addressing all their banking needs. CVB welcomes new loans and deposit accounts.

"We expect continued growth and success moving into the New Year," notes Hahn, CVB's Chief Executive Officer. "In our continuing efforts to increase shareholder value, we will be opening a Loan Production office serving the Coachella Valley area in the first quarter of 2013. We again thank you for supporting CVB, the only locally owned and locally managed community bank in the entire Imperial County, " Hahn adds.

About Community Valley Bank: Community Valley Bank (www.yourcvb.com) is the Imperial Valley's ONLY locally owned and locally headquartered bank. CVB was chartered as a state bank for Imperial Valley businesses on October 1, 2007, and now has two locations, 1443 Main Street in El Centro and 310 Main Street in Brawley, California.

Community Valley Bank is a publicly traded company under the symbol CMUV. All investor related inquiries should be directed to Community Valley Bank's Chief Financial Officer, Toni Umphreyville at (760) 352-1889.

December 31, 2012

December 31, 2011

Consolidated Financial Condition Data

Assets

Loans receivable - net

$

79,195,000

$

53,956,000

Cash and cash equivalents

21,628,000

23,798,000

Investment Securities

1,003,000

509,000

Federal Home Loan Bank Stock

283,000

252,000

Other Assets

6,565,000

8,031,000

Total Assets

$

108,674,000

$

86,546,000

Liabilities

Deposits

90,340,000

74,729,000

Borrowings (FHLB)

6,000,000

0

Mortgage Indebtedness

744,000

972,000

Other Liabilities

446,000

294,000

Total Liabilities

97,530,000

75,995,000

Preferred Stock

2,400,000

2,400,000

Common Stock

14,271,000

14,255,000

Costs/Dividends

(52,000

)

(19,000

)

Surplus

498,000

496,000

Total Undivided Profits

(5,973,000

)

(6,594,000

)

Unrealized Gain/Loss

17,000

13,000

Stockholder's Equity - net

11,144,000

10,551,000

Total Liabilities and Shareholder Equity

$

108,674,000

$

86,546,000

December 31, 2012

December 31, 2011

Selected Consolidated Earnings Data

Total Interest Income/Fees

$

4,665,000

$

3,698,000

Total Interest Expense

(681,000

)

(585,000

)

Net Interest Income

3,984,000

3,113,000

Provision For Losses on Loans

(540,000

)

(540,000

)

Net Interest Income After Provision For Losses on Loans

3,444,000

2,573,000

Total Other Income (Noninterest Income)

961,000

1,419,000

General Administrative and Other Expenses

(3,784,000

)

(3,514,000

)

Income Tax (Expense) Benefit

(5,000

)

0

Net Profit/Loss Year To Date

$

621,000

$

478,000



Community Valley Bank
Robert "Bob" Hahn, Chief Executive Officer
Phone (760) 352-1889
mediarelations@yourcvb.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS:

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