CENTRAL VALLEY COMMUNITY BANCORP CVCY Income Statement

Central valley community bancorp (CVCY)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME:
Interest and fees on loans
12,898	12,717	13,238	12,955	12,554	12,720	12,691	12,519	12,006	12,247	10,423	10,774	10,090	9,843	8,112	8,363	7,733	7,827	7,747	7,644	7,286	7,296	7,301	7,278	7,618	6,996	8,677	5,435	5,411	5,665	6,111	6,053	6,084	6,436	6,640	6,560	6,462	7,112	6,911
Interest on deposits in other banks
183	92	74	59	150	147	170	44	98	220	53	76	75	79	71	65	74	63	49	52	46	42	37	44	53	60	45	29	30	40	36	16	18	46	46	45	50	23	16
Interest on Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	1	-	1	0	0	1	-	1
Interest and dividends on investment securities:
Taxable
3,266	3,375	3,462	3,337	3,023	2,977	2,533	2,185	2,559	1,962	1,818	1,443	1,303	1,390	1,500	1,463	1,523	1,316	1,234	1,136	1,107	1,411	1,341	1,439	1,347	1,034	588	352	401	595	741	880	1,073	1,241	1,079	1,131	1,097	1,304	1,364
Exempt from Federal income taxes
159	151	153	429	562	530	896	1,045	1,067	1,464	1,531	1,775	2,122	1,780	1,582	1,575	1,523	1,688	1,593	1,496	1,538	1,527	1,469	1,434	1,402	1,449	1,593	1,398	1,338	1,275	1,118	1,078	1,037	942	892	830	800	761	759
Total interest income
16,506	16,335	16,927	16,780	16,289	16,374	16,290	15,793	15,730	15,893	13,825	14,068	13,590	13,092	11,265	11,466	10,853	10,894	10,623	10,328	9,977	10,276	10,148	10,195	10,420	9,539	10,903	7,214	7,180	7,574	8,006	8,028	8,212	8,666	8,657	8,566	8,410	9,200	9,051
INTEREST EXPENSE:
Interest on deposits
432	500	566	469	393	343	320	252	238	279	200	245	245	285	240	229	221	230	246	239	233	247	249	267	297	323	342	312	293	323	371	455	481	586	647	712	717	876	983
Interest on junior subordinated deferrable interest debentures
45	47	51	55	57	52	52	52	43	39	39	36	33	33	30	29	29	26	25	24	24	26	23	23	24	24	25	24	25	25	27	26	29	27	24	24	25	36	25
Other
0	2	105	310	4	6	11	92	23	8	8	1	4	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	17	37	36	37	36	37	37	36	70	115	113
Total interest expense
477	549	722	834	454	401	383	396	304	326	247	282	282	318	270	258	250	256	271	263	257	273	272	290	321	347	367	336	335	385	434	518	546	650	708	772	812	1,027	1,121
Net interest income before provision for credit losses
16,029	15,786	16,205	15,946	15,835	15,973	15,907	15,397	15,426	15,567	13,578	13,786	13,308	12,774	10,995	11,208	10,603	10,638	10,352	10,065	9,720	10,003	9,876	9,905	10,099	9,192	10,536	6,878	6,845	7,189	7,572	7,510	7,666	8,016	7,949	7,794	7,598	8,173	7,930
PROVISION FOR (REVERSAL OF) CREDIT LOSSES
1,375	500	250	300	-25	0	0	50	0	0	-900	-150	-100	0	-1,000	-4,600	-250	0	100	500	0	8,385	0	-400	0	0	0	0	0	200	0	100	400	300	400	250	100	1,300	1,000
Net interest income after provision for credit losses
14,654	15,286	15,955	15,646	15,860	15,973	15,907	15,347	15,426	15,567	14,478	13,936	13,408	12,774	11,995	15,808	10,853	10,638	10,252	9,565	9,720	1,618	9,876	10,305	10,099	9,192	10,536	6,878	6,845	6,989	7,572	7,410	7,266	7,716	7,549	7,544	7,498	6,873	6,930
NON-INTEREST INCOME:
Service charges
646	681	672	713	690	766	739	726	755	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	765	829	747	-	743	735	749	650	700	749	871	839	811	822	808	874	911	673	698	719	690	676	689	720	735	749	699	763	863
Appreciation in cash surrender value of bank-owned life insurance
182	183	184	190	171	173	175	176	171	171	150	152	148	147	131	135	145	145	142	155	154	155	156	157	146	153	149	97	96	100	101	96	94	93	96	96	97	98	98
Interchange fees
333	345	374	384	343	356	381	380	345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interchange fees
-	-	-	-	-	-	-	-	-	-	378	373	324	-	312	312	279	316	297	306	278	281	295	342	287	285	268	213	196	-	198	-	-	-	-	-	-	-	-
Net realized gain on sale of credit card portfolio
-	-	0	0	-	-	-116	578	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains on sales of investment securities
4,198	3	1,685	2,459	1,052	37	380	82	815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on disposal of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	14	-	7	75	-12	545	-	-
Net realized gain (loss) on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	-	-	0	0	-	-	-
Net realized gains on sales of investment securities
-	-	-	-	-	-	-	-	-	-	169	2,157	482	-	286	420	1,130	37	0	732	726	331	240	64	269	132	0	320	813	352	843	97	347	49	223	42	-16	-19	30
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-478	129
Other than Temporary Impairment Losses, Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	31	-	700
Other-than-temporary impairment loss on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-136	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-31	-478	-571
Federal Home Loan Bank dividends
107	107	109	118	121	232	119	118	121	121	98	96	128	316	110	107	97	106	120	268	86	90	86	75	76	64	59	32	22	25	4	3	4	3	1	3	2	3	2
Loan placement fees
299	331	288	220	139	162	207	173	166	180	279	156	91	291	347	254	191	248	241	255	298	143	212	131	58	170	128	214	165	223	181	99	128	89	51	77	57	89	76
Other income
776	359	410	514	460	678	578	453	398	379	715	333	326	453	206	551	249	376	222	631	278	243	261	453	333	287	298	278	236	-155	267	482	398	-388	414	642	395	359	378
Total non-interest income
6,541	2,009	3,722	4,598	2,976	2,404	2,463	2,686	2,771	1,940	2,554	4,096	2,246	2,238	2,135	2,514	2,704	1,878	1,722	3,096	2,691	2,082	2,061	2,044	1,977	1,965	1,813	1,827	2,226	1,827	2,284	1,471	1,660	1,331	1,595	1,597	1,748	1,293	747
NON-INTEREST EXPENSES:
Salaries and employee benefits
7,512	6,521	6,731	6,912	6,490	6,585	6,387	6,833	6,416	6,873	5,989	6,021	5,855	5,577	5,608	5,442	5,254	5,364	5,254	5,055	5,163	4,889	5,076	4,845	4,911	4,386	5,048	3,974	4,019	3,738	3,773	3,957	4,129	3,628	4,058	3,998	4,078	3,961	3,837
Occupancy and equipment
1,144	1,191	1,317	1,452	1,479	1,369	1,489	1,577	1,537	1,510	1,286	1,211	1,179	1,243	1,124	1,180	1,207	1,147	1,204	1,168	1,150	1,163	1,222	1,320	1,130	1,173	1,134	901	901	914	906	877	881	947	978	936	934	976	988
Professional services
458	294	404	280	327	331	343	363	438	405	258	426	420	287	346	289	336	291	395	337	481	289	375	270	242	682	135	136	135	135	126	125	128	154	112	113	112	114	114
Data processing
336	371	390	401	395	407	409	370	480	490	407	419	424	562	390	408	347	277	287	294	281	459	448	463	450	434	357	289	303	274	274	283	294	321	295	286	276	310	282
Regulatory assessments
47	34	-69	134	152	143	154	160	162	170	161	146	175	173	134	192	143	237	223	263	336	194	177	193	198	179	220	154	143	164	163	169	156	181	181	194	289	281	306
ATM/Debit card expenses
294	273	270	186	191	170	192	176	201	197	216	171	166	164	159	188	122	137	145	129	137	148	166	160	150	139	170	109	109	-	-	-	-	-	-	-	-	-	-
Information technology
608	-	614	-	777	-	186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License and maintenance contracts
-	-	-	605	-	-	-	222	212	-	188	256	146	143	125	131	132	128	123	131	138	102	128	128	130	134	139	100	99	-	-	-	-	-	-	-	-	-	-
Directors’ expenses
192	157	184	193	176	84	158	133	90	105	135	128	229	56	163	140	171	123	124	64	128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
173	166	190	198	202	189	192	188	189	154	154	160	170	132	131	154	159	134	157	158	159	126	155	153	155	130	124	80	142	139	139	140	140	187	182	182	184	183	183
Internet banking expense
196	208	215	199	194	190	172	175	195	183	181	172	169	181	170	166	161	168	167	171	203	161	134	96	129	140	109	76	72	-	-	-	-	-	-	-	-	-	-
Legal fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	54	28	69	90	83	93	78	167
Acquisition and integration expenses
-	-	-	0	-	-	-	0	217	1,210	163	455	0	-	363	152	-	-	0	0	-	-	-	-	-	-	271	380	-	-	0	0	-	-	-	-	-	-	-
Other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	9	-	-	9	-7	9	318	127
Loss on disposal of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-	-	-	-	-	-
Amortization of core deposit intangibles
174	174	174	173	174	174	94	93	94	93	47	47	47	47	34	34	34	67	85	84	84	85	84	84	84	84	84	50	50	50	50	50	50	103	104	103	104	104	103
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-
Other
944	1,123	1,114	1,039	1,110	1,275	1,015	1,209	1,137	1,492	1,209	1,177	1,133	1,082	908	901	910	930	864	843	1,028	700	1,086	1,022	1,157	732	1,200	974	960	255	1,182	1,054	1,112	186	1,213	1,179	1,074	1,074	1,035
Total non-interest expenses
12,078	11,127	11,534	11,772	11,667	11,410	10,791	11,499	11,368	13,110	10,394	10,789	10,113	10,914	9,655	9,377	8,976	9,003	9,028	8,697	9,288	8,817	9,051	8,734	8,736	8,538	8,991	7,223	6,933	6,981	6,655	6,718	6,920	6,798	7,222	7,067	7,153	7,409	7,142
Income before provision for income taxes
9,117	-	8,143	8,472	7,169	-	7,579	6,534	6,829	-	6,638	7,243	5,541	-	4,475	8,945	4,581	-	2,946	3,964	3,123	-	2,886	3,615	3,340	-	3,358	1,482	2,138	1,835	3,201	2,163	2,006	2,249	1,922	2,074	2,093	757	535
Provision for income taxes
2,494	1,719	2,452	2,385	1,953	1,686	1,827	1,569	1,538	4,063	2,144	2,295	1,291	1,491	1,361	2,887	1,178	610	429	886	657	-2,751	535	922	724	408	389	195	355	193	745	454	293	541	514	301	505	-107	31
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,466	-2,366	2,351	2,693	2,616	2,211	2,969	1,287	1,783	1,642	2,456	1,709	1,713	1,708	1,408	1,773	1,588	864	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,351	2,693	2,616	2,211	2,969	1,287	1,783	1,642	2,456	1,709	1,713	1,708	1,408	1,773	1,588	864	-
Preferred stock dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	87	88	87	88	87	87	88	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504
Preferred stock dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202	99	99	99	99
Net Income (Loss) Available to Common Stockholders, Basic
6,623	4,449	5,691	6,087	5,216	5,281	5,752	4,965	5,291	334	4,494	4,948	4,250	2,607	3,114	6,058	3,403	2,903	2,517	3,078	2,466	-2,366	2,351	2,693	2,616	2,123	2,882	1,199	1,696	1,554	2,369	1,622	1,625	1,622	1,206	1,674	1,489	765	405
Earnings Per Share [Abstract]
Basic earnings per common share (in dollars per share)
0.52	0.34	0.43	0.45	0.38	0.38	0.42	0.36	0.39	-0.01	0.37	0.41	0.35	0.20	0.28	0.55	0.31	0.26	0.23	0.28	0.23	-0.23	0.22	0.25	0.24	0.20	0.26	0.13	0.18	0.16	0.25	0.17	0.17	0.16	0.13	0.18	0.16	0.08	0.04
Weighted Average Number of Shares Outstanding, Basic
12,734	-	13,360	13,533	13,646	-	13,715	13,692	13,669	-	12,208	12,207	12,167	-	10,984	10,970	10,953	-	10,938	10,924	10,923	-	10,919	10,918	10,915	-	10,899	9,587	9,558	-	9,602	9,592	9,570	-	9,547	9,516	9,475	9,363	9,131
Earnings Per Share, Diluted
0.52	0.34	0.42	0.45	0.38	0.38	0.42	0.36	0.38	-0.01	0.36	0.40	0.35	0.19	0.28	0.55	0.31	0.27	0.23	0.28	0.22	-0.21	0.21	0.24	0.24	0.21	0.26	0.12	0.18	0.16	0.25	0.17	0.17	0.16	0.13	0.18	0.16	0.08	0.04
Weighted Average Number of Shares Outstanding, Diluted
12,779	-	13,450	13,635	13,755	-	13,836	13,823	13,804	-	12,325	12,338	12,317	-	11,092	11,067	11,040	-	11,024	11,009	11,002	-	11,014	10,999	10,998	-	10,958	9,644	9,604	-	9,635	9,618	9,577	-	9,557	9,540	9,503	9,432	9,210
Cash dividends per common share (in dollars per share)
0.11	0.11	0.11	0.11	0.10	0.09	0.08	0.07	0.07	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.00	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.00	0.00	0.00	-	-	-	-	-	-