Central valley community bancorp (CVCY)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME:
Interest and fees on loans

51,464

49,936

43,534

34,051

30,504

29,493

26,519

23,913

26,098

27,390

29,920

Interest on deposits in other banks

375

459

424

289

210

176

164

110

187

110

8

Interest on Federal funds sold

-

-

-

-

-

-

-

-

2

2

48

Interest and dividends on investment securities:
Taxable

13,197

10,254

6,526

5,876

4,793

5,538

2,375

3,289

4,548

5,472

7,701

Exempt from Federal income taxes

1,295

3,538

6,892

6,460

6,315

5,832

5,778

4,508

3,464

3,039

3,057

Total interest income

66,331

64,187

57,376

46,676

41,822

41,039

34,836

31,820

34,299

36,013

40,734

INTEREST EXPENSE:
Interest on deposits

1,928

1,153

969

975

948

1,060

1,270

1,630

2,662

3,713

5,867

Interest on junior subordinated deferrable interest debentures

210

199

147

121

99

96

98

107

100

102

129

Other

421

132

21

0

0

-

17

146

180

468

631

Total interest expense

2,559

1,484

1,137

1,096

1,047

1,156

1,385

1,883

2,942

4,283

6,627

Net interest income before provision for credit losses

63,772

62,703

56,239

45,580

40,775

39,883

33,451

29,937

31,357

31,730

34,107

PROVISION FOR (REVERSAL OF) CREDIT LOSSES

1,025

50

-1,150

-5,850

600

7,985

0

700

1,050

3,800

10,514

Net interest income after provision for credit losses

62,747

62,653

57,389

51,430

40,175

31,898

33,451

29,237

30,307

27,930

23,593

NON-INTEREST INCOME:
Service charges

2,756

2,986

3,053

2,849

-

-

-

-

-

-

-

Service charges

-

-

-

-

2,970

3,280

3,156

2,774

2,903

3,225

3,509

Appreciation in cash surrender value of bank-owned life insurance

728

695

621

558

596

614

495

391

382

392

391

Interchange fees

1,446

1,462

1,458

1,228

-

-

-

-

-

-

-

Interchange fees

-

-

-

-

1,197

1,205

962

767

758

-

-

Net realized gain on sale of credit card portfolio

0

462

0

0

-

-

-

-

-

-

-

Net realized gains on sales of investment securities

5,199

1,314

2,802

1,920

-

-

-

-

-

-

-

Net gain on disposal of other real estate owned

-

-

-

-

-

-

0

12

615

176

0

Net realized gain (loss) on sale of assets

-

-

-

-

-

-

-

4

-5

-10

-

Net realized gains on sales of investment securities

-

-

-

-

1,495

904

1,265

1,639

298

-191

766

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

0

0

0

Other than Temporary Impairment Losses, Investments

0

-

-

136

0

0

-

-

31

1,587

300

Other-than-temporary impairment loss on investment securities

-

-

-

-

-

-

-

-

-31

-1,587

-300

Federal Home Loan Bank dividends

455

590

443

630

580

327

177

36

9

11

7

Loan placement fees

978

708

706

1,083

1,042

544

677

631

274

300

231

Other income

1,743

2,107

1,753

1,459

1,507

1,290

1,099

992

1,063

1,395

1,246

Total non-interest income

13,305

10,324

10,836

9,591

9,387

8,164

7,831

7,242

6,271

3,711

5,850

NON-INTEREST EXPENSES:
Salaries and employee benefits

26,654

26,221

24,738

21,881

20,836

19,721

17,427

15,597

15,762

14,871

13,926

Occupancy and equipment

5,439

5,972

5,186

4,754

4,669

4,835

4,109

3,578

3,795

3,867

3,812

Professional services

1,305

1,475

1,509

1,258

1,504

1,176

1,088

514

491

496

503

Data processing

1,557

1,666

1,740

1,707

1,139

1,820

1,383

1,125

1,178

1,197

1,316

Regulatory assessments

251

619

652

642

1,059

762

696

652

845

1,191

1,604

ATM/Debit card expenses

920

739

750

633

548

624

527

369

369

-

-

Information technology

2,611

1,113

818

-

-

-

-

-

-

-

-

License and maintenance contracts

-

-

-

531

520

488

472

362

324

-

-

Directors’ expenses

710

465

597

530

439

501

-

-

-

-

-

Consulting fees

-

-

-

-

-

-

-

162

340

-

-

Advertising

756

758

638

576

608

589

476

558

735

669

722

Internet banking expense

816

732

705

678

709

520

397

270

-

-

-

Legal fees

-

-

-

-

-

-

-

-

335

495

330

Acquisition and integration expenses

0

217

1,828

1,782

0

0

976

284

0

0

-

Other real estate owned, net

-

-

-

-

-

-

-

-

-

1,071

479

Amortization of core deposit intangibles

695

455

234

149

320

337

268

200

414

414

414

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-55

Other

4,386

4,636

5,011

3,801

3,665

3,965

3,866

3,603

3,652

4,460

4,370

Total non-interest expenses

46,100

45,068

44,406

38,922

36,016

35,338

31,685

27,274

28,240

28,731

27,531

Income before provision for income taxes

29,952

27,909

23,819

22,099

13,546

4,724

9,597

-

-

-

-

Income before provision for income taxes

-

-

-

-

-

-

-

9,205

8,338

2,910

1,912

Provision for income taxes

8,509

6,620

9,793

6,917

2,582

-570

1,347

1,685

1,861

-369

-676

Net income

21,443

21,289

14,026

15,182

10,964

5,294

8,250

7,520

6,477

3,279

2,588

Net income

21,443

21,289

14,026

15,182

10,964

-

8,250

7,520

6,477

3,279

2,588

Preferred stock dividends and accretion

-

-

-

-

-

-

350

350

486

395

-

Preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

365

Net Income (Loss) Available to Common Stockholders, Basic

21,443

21,289

14,026

15,182

10,964

5,294

7,900

7,170

5,991

2,884

2,223

Earnings Per Share [Abstract]
Basic earnings per common share (in dollars per share)

1.60

1.55

1.12

1.34

1.00

0.48

0.77

0.75

0.63

0.31

0.29

Earnings Per Share, Diluted

1.59

1.54

1.10

1.33

1.00

0.48

0.77

0.75

0.63

0.31

0.28

Cash dividends per common share (in dollars per share)

0.43

0.31

0.24

0.24

0.18

0.20

0.20

0.05

0.00

0.00

-