CMUV Bancorp Reports Strong Financial Performance in 2024, Demonstrates Robust Growth and Stability

CMUV Bancorp, the holding company for Community Valley Bank, reported robust financial results for the year ending December 31, 2024, showcasing steady growth and strong financial health. The bank's total assets expanded to $311 million, with gross loans approaching $263 million and deposits increasing to $271 million.

The financial performance was marked by impressive key metrics. The bank achieved a net income of $4,156,350, translating to earnings per share of $2.38. The Return on Average Assets (ROAA) stood at 1.36%, while Return on Average Equity (ROAE) reached 12.17%, indicating efficient capital utilization and strong profitability.

A notable highlight was the bank's capital strength. The Community Bank Capital Leverage ratio of 12.0% significantly exceeded regulatory requirements for a well-capitalized institution. The Allowance for Credit Losses was maintained at $2,710,837, representing 1.04% of total loans, with non-accrual and past due loans remaining remarkably low at less than 0.02%.

Comparative analysis with the previous year reveals consistent growth. Total interest income increased to $17,885,742 from $15,927,961 in 2023, while net interest income grew to $12,697,111. The bank also demonstrated prudent expense management, with total non-interest expenses rising modestly to $7,564,023.

These results underscore Community Valley Bank's strategic approach to financial management, maintaining a strong balance sheet while delivering value to shareholders. The bank's performance suggests resilience in a dynamic economic environment and positions it favorably for future growth opportunities.