Put companies on watchlist
CMUV Bancorp
ISIN: US9029733048
WKN: 917523
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

CMUV Bancorp · ISIN: US9029733048 · EQS - Company News (1 News)
Country: Germany · Primary market: United States of America · EQS NID: 2079249
31 January 2025 07:00PM

CMUV Bancorp Announces 2024 4th Quarter Financial Results


CMUV Bancorp
CMUV Bancorp Announces 2024 4th Quarter Financial Results

31-Jan-2025 / 19:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


CMUV Bancorp Announces 2024 4th Quarter Financial Results

EL CENTRO, CA - January 31, 2025 (NEWMEDIAWIRE) - CMUV Bancorp, the holding company for Community Valley Bank (“CVB”), is pleased to announce unaudited year-end results for 2024. Earnings for the year ending December 31, 2024, were $4,156,350. CVB’s Total Assets grew to $311 MM at fiscal year-end 2024, with Gross Loans ending at just short of $263 MM. Deposits also increased to $271 MM.  Earnings per share for 2024 were $2.38.

CVB ended 2024 with a Community Bank Capital Leverage ratio of 12.0%, well above the ratio threshold required to be considered a well-capitalized bank. Our Allowance for Credit Losses ended the year at $2,710,837, or 1.04% of total loans, and Non-Accrual and Past Due Loans remain very low at less than 0.02%. CVB’s Board of Directors and Management believe the ACL is fully funded at this time. 

ROAA was 1.36% and ROAE was at 12.17% for the year ending December 31, 2024.

We thank each of you for being a valuable shareholder in your Community Valley Bank!

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)

 

 

 

 

 

 

 

               


Contact:
Jon A Edney
7603521889
mediarelations@yourcvb.com

 



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

2079249  31-Jan-2025 

fncls.ssp?fn=show_t_gif&application_id=2079249&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - CMUV Bancorp
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.