CMUV Bancorp, the holding company for Community Valley Bank (CVB), has reported a net income of $4.16 million for 2024, marking a 3.8% increase from the previous year's earnings. The bank's performance reflects continued strength in regional banking operations, with total assets reaching $311 million and gross loans approaching $263 million.
The bank's financial results are particularly significant given the current banking environment, demonstrating robust capital management with a Community Bank Capital Leverage ratio of 12.0%, substantially exceeding regulatory requirements for well-capitalized institutions. This strong capital position, combined with a low non-accrual and past due loan ratio of less than 0.02%, indicates sound risk management practices.
The bank's growth trajectory is evident in its expanding loan portfolio, which grew by approximately 13% from 2023, while deposits increased to $271 million. The institution maintained healthy profitability metrics with a return on average assets (ROAA) of 1.36% and return on average equity (ROAE) of 12.17%, suggesting efficient asset utilization and strong returns for shareholders.
The bank's earnings per share increased to $2.38 for 2024, up from $2.26 in 2023, representing improved value for shareholders. The Allowance for Credit Losses stands at $2.71 million, or 1.04% of total loans, indicating conservative risk management practices in the face of potential economic uncertainties.
These results are particularly relevant for the regional banking sector, demonstrating that well-managed community banks can maintain profitability and growth while maintaining strong risk management practices. The performance suggests continued stability in community banking, despite broader economic challenges facing the financial sector.
