CMUV Bancorp, the holding company for Community Valley Bank (CVB), has unveiled its unaudited financial results for the year ending December 31, 2024, marking a period of notable financial achievement and strategic advancement. The bank disclosed net earnings of $4,156,350, translating to $2.38 per share, alongside a rise in total assets to $311 million. This growth is complemented by gross loans nearing $263 million and deposits increasing to $271 million, signaling robust market trust and operational scalability.
Financial health indicators further illustrate CVB's solid standing, with a Community Bank Capital Leverage ratio of 12.0%, well above the threshold for a well-capitalized bank. The Allowance for Credit Losses (ACL) was reported at $2,710,837, or 1.04% of total loans, with minimal non-accrual and past due loans under 0.02%. Such figures reflect the bank's prudent risk management and financial stability.
Profitability remains a cornerstone of CVB's operations, as evidenced by a Return on Average Assets (ROAA) of 1.36% and a Return on Average Equity (ROAE) of 12.17%. These metrics not only highlight the bank's efficiency but also its capacity to deliver consistent shareholder returns while preserving a strong capital foundation.
Year-over-year comparisons reveal sustained growth, with interest income climbing to $17,885,742 from $15,927,961 the previous year. Net interest income also saw an uptick to $12,697,111, underscoring effective financial stewardship. The bank's strategic balance between growth and risk is further demonstrated by stable total investments of $7,191,513 and a conservative stance on borrowings and debt obligations.
These results solidify CMUV Bancorp's reputation as a resilient and strategically forward financial institution, capable of navigating the competitive banking sector with confidence. For more detailed financial information, visit https://www.communityvalleybank.com.
