CMUV Bancorp Reports Strong Financial Growth and Stability for 2024

CMUV Bancorp, the parent company of Community Valley Bank (CVB), has announced its unaudited financial results for the year ending December 31, 2024, revealing a year marked by substantial financial growth and strategic advancements. The bank achieved net earnings of $4,156,350, with earnings per share reaching $2.38, alongside an increase in total assets to $311 million. This growth trajectory is further evidenced by gross loans nearing $263 million and deposits climbing to $271 million, signaling strong market confidence and operational scalability.

Key financial metrics underscore CVB's solid standing, with a Community Bank Capital Leverage ratio of 12.0%, well above the regulatory threshold for well-capitalized institutions. The Allowance for Credit Losses (ACL) was reported at $2,710,837, accounting for 1.04% of total loans, with non-accrual and past due loans remarkably low at less than 0.02%. These figures reflect the bank's prudent risk management and financial stability.

Profitability indicators such as Return on Average Assets (ROAA) at 1.36% and Return on Average Equity (ROAE) at 12.17% demonstrate CVB's efficiency in generating shareholder value while maintaining a robust capital base. The bank's interest income rose to $17,885,742 from $15,927,961 the previous year, with net interest income growing to $12,697,111, showcasing effective financial stewardship.

CMUV Bancorp's strategic focus is apparent in its balanced approach to growth and risk, with total investments holding steady at $7,191,513 and a conservative stance on borrowings and debt. These results not only affirm CMUV Bancorp's position as a resilient and growing financial entity but also highlight its strategic planning and execution in a fiercely competitive banking environment.