CMUV Bancorp, the parent company of Community Valley Bank, has announced a cash dividend of $0.10 per common share for the 3rd quarter. The dividend is set to be paid on September 30, 2021, to shareholders of record by September 9, 2021. This decision reflects the company's commitment to returning value to shareholders.
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CMUV Bancorp has announced a cash dividend of $0.10 per common share for the second quarter of 2021. The dividend will be paid on June 30, 2021, to shareholders who are on record as of June 10, 2021. This decision reflects the Board of Directors' confidence in the company's financial health and commitment to shareholder returns.
CMUV Bancorp reported record net income of $1,045,454 for Q1 2021, achieving $0.46 per share, the highest for a first quarter in its history. Total assets reached $251.8 million, with deposits at $231.6 million and gross loans exceeding $220 million. The bank's leverage capital ratio stood at 10.19%, significantly above the well-capitalized threshold. Non-accrual and past due loans are low at 0.33%. The common stock's book value is $11.82 per share, while shares traded at $10.82 as of March 31, 2021.
CMUV Bancorp has announced a 1st Quarter cash dividend of $0.10 per common share, set to be paid on March 31, 2021. Shareholders of record as of March 10, 2021 will receive this dividend, which reflects a $0.02 increase from previous quarterly dividends. This decision highlights the company's commitment to returning value to its investors while maintaining a steady dividend growth strategy.
CMUV Bancorp reported strong unaudited year-end results for 2020, with earnings of $3,386,757, a 40% increase from 2019. Total assets exceeded $260 million, while total loans rose to $208.7 million, a 28.8% increase. Total deposits increased to $207 million from $170 million year-over-year. Earnings per share reached $1.31, up 24% from $1.06. The bank maintained a solid capital leverage ratio of 10.34% and low non-accrual loans at 0.50%. A dividend of $1.1 million has been returned to shareholders over six quarters.