CMUV Bancorp Reports Strong Financial Performance for 2024

CMUV Bancorp, the holding company for Community Valley Bank (CVB), has released its unaudited financial results for the year ending December 31, 2024, showcasing a year of solid financial performance and strategic growth.

The bank reported net earnings of $4,156,350 for the year, with earnings per share at $2.38. Total assets increased to $311 million, representing substantial growth from the previous year. Gross loans approached $263 million, while deposits rose to $271 million, indicating strong market confidence and operational expansion.

Key financial indicators reveal CVB’s robust financial position. The Community Bank Capital Leverage ratio stood at 12.0%, significantly exceeding regulatory requirements for a well-capitalized bank. The Allowance for Credit Losses (ACL) concluded the year at $2,710,837, representing 1.04% of total loans, with non-accrual and past due loans remaining exceptionally low at less than 0.02%.

Profitability metrics demonstrated the bank’s efficiency, with Return on Average Assets (ROAA) at 1.36% and Return on Average Equity (ROAE) at 12.17%. These figures underscore CVB’s ability to generate consistent returns for shareholders while maintaining a strong capital base.

Comparative financial data shows steady year-over-year growth. Interest income increased to $17,885,742, up from $15,927,961 in the previous year. Net interest income grew to $12,697,111, reflecting the bank’s effective financial management.

The bank’s strategic approach is evident in its balanced growth and risk management. Total investments remained stable at $7,191,513, while maintaining a conservative approach to borrowings and debt obligations.

These financial results position CMUV Bancorp as a stable and growing financial institution, demonstrating resilience and strategic planning in a competitive banking landscape.

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