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 ( 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, 2012December 31, 2011
Consolidated Financial Condition Data
Loans receivable - net$79,195,000$53,956,000
Cash and cash equivalents21,628,00023,798,000
Investment Securities1,003,000509,000
Federal Home Loan Bank Stock283,000252,000
Other Assets6,565,0008,031,000
Total Assets$108,674,000 $86,546,000 
Borrowings (FHLB)6,000,0000
Mortgage Indebtedness744,000972,000
Other Liabilities446,000294,000
Total Liabilities97,530,000 75,995,000 
Preferred Stock2,400,0002,400,000
Common Stock14,271,00014,255,000
Total Undivided Profits(5,973,000)(6,594,000)
Unrealized Gain/Loss17,00013,000
Stockholder's Equity - net11,144,00010,551,000

Total Liabilities and Shareholder Equity

$108,674,000 $86,546,000 
December 31, 2012December 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 Income3,984,0003,113,000
Provision For Losses on Loans(540,000)(540,000)

Net Interest Income After Provision For Losses on Loans

Total Other Income (Noninterest Income)961,0001,419,000
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

KEYWORDS:   United States  North America  California


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