CMUV Bancorp Announces 2020 1st Quarter Financial Results
El Centro, CA - 
(NewMediaWire) - April 21, 2020 - CMUV
Bancorp, the holding company for Community Valley Bank, is pleased to announce
unaudited 1st quarter results for the quarter ending March 31, 2020. Earnings
for the 1st quarter were $552,538. This number equaled $0.24 per share. Total
assets reached $208.8 MM. Total deposits came in at $171 MM. Gross loans
surpassed $173 MM, an all-time high for CVB.
We
ended the 1st quarter 2020 with a Community Bank Leverage Capital ratio of
11.16%. This is well above the ratio required to be considered a
well-capitalized bank. Our Allowance for Loan and Lease Losses ended the
quarter at $1,940,841 or 1.12% of total loans. Non-accrual loans remain very
low at 0.728%. Board and Management believe the ALLL is fully funded at this
time.
03/31/2020
book value of the common stock was $10.35 per share (diluted). The common stock
(CMUV) was trading at $7.10 as of March 31, 2020. ROAA for the quarter ending
03/31/2020 was 1.11% and ROAE came in at 9.72%.
The
Covid-19 Pandemic has obviously created some uncertainty as we move forward in
2020. We are doing our very best to assist our customers during this very
challenging time. Our staff has done an incredible job in working to
secure SBA Payment Protection Program funding for the Bank’s business and
non-profit customers.
Please
be aware that in light of the pandemic social distancing requirements, the 2020
CMUV Annual Shareholders Meeting has been postponed indefinitely. We will
notify all shareholders when it is appropriate to re-schedule.
It
is with our sincerest wishes that all of you, our customers and shareholders,
remain safe and healthy. We will get through this. We thank each of you for
being a valuable shareholder in Your Community Valley Bank.
Jon A. Edney
760-352-1889
mediarelations@yourcvb.com
