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CMUV Bancorp, the holding company for Community Valley Bank, reported its unaudited first quarter results for 2023, highlighting a net income of $966,793 or $0.51 per share. The total assets reached $293.1 million with total deposits increasing by nearly $18 million to $256.5 million. Gross loans were reported at $224.9 million, while the bank's leverage capital ratio stood at 11.77%, more than double the well-capitalized requirement. The allowance for credit losses is fully funded at $2.42 million, with non-accrual and past due loans at a low 0.79%. The book value of common stock was $15.02 per share, compared to a trading price of $13.67 as of March 31, 2023.
CMUV Bancorp, parent company of Community Valley Bank, has announced a cash dividend of $0.10 per common share for the first quarter of 2023. This dividend will be distributed on March 31, 2023, to shareholders recorded by March 10, 2023. This announcement reflects CMUV's commitment to returning value to its investors through regular dividends.
CMUV Bancorp, the holding company for Community Valley Bank, reported its unaudited financial results for 2022, highlighting earnings of $4.14 million and earnings per share of $2.23. The bank's gross loans reached $224 million, while total assets remained stable at $278 million. Despite challenges posed by rising interest rates, CVB maintained total deposits at approximately $239 million. The Community Bank Capital Leverage ratio stood at 12.07%, indicating strong capitalization. In 2022, the bank returned over $700,000 to shareholders in cash dividends, totaling nearly $2.7 million in the past 14 quarters.
CMUV Bancorp has declared a $0.10 cash dividend for the 4th Quarter per common share, enhancing shareholder value. The dividend will be distributed on December 30, 2022, to shareholders on record as of December 8, 2022. This decision reflects the company's solid financial position and commitment to returning profits to investors.
CMUV Bancorp reported its unaudited 3rd quarter results for 2022, with a net income of $1,039,959 or $0.56 per share, contributing to a year-to-date net income of $3,115,797. Total assets reached $276.7 million, with total deposits of $237.7 million and gross loans amounting to $211 million. The Community Bank Leverage Capital ratio stood at 11.24%, indicating strong capitalization. The book value per share was $14.31, while CMUV stock traded at $14.10, reflecting a healthy return on assets and equity of 1.45% and 13.90% respectively.