Central valley community bancorp (CVCY)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME:
Interest and fees on loans

51,808

51,464

51,467

50,920

50,484

49,936

49,463

47,195

45,450

43,534

41,130

38,819

36,408

34,051

32,035

31,670

30,951

30,504

29,973

29,527

29,161

29,493

29,193

30,569

28,726

26,519

25,188

22,622

23,240

23,913

24,684

25,213

25,720

26,098

26,774

27,045

0

0

0

Interest on deposits in other banks

408

375

430

526

511

459

532

415

447

424

283

301

290

289

273

251

238

210

189

177

169

176

194

202

187

164

144

135

122

110

116

126

155

187

164

134

0

0

0

Interest on Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

0

-

2

2

0

0

-

0

Interest and dividends on investment securities:
Taxable

13,440

13,197

12,799

11,870

10,718

10,254

9,239

8,524

7,782

6,526

5,954

5,636

5,656

5,876

5,802

5,536

5,209

4,793

4,888

4,995

5,298

5,538

5,161

4,408

3,321

2,375

1,936

2,089

2,617

3,289

3,935

4,273

4,524

4,548

4,611

4,896

0

0

0

Exempt from Federal income taxes

892

1,295

1,674

2,417

3,033

3,538

4,472

5,107

5,837

6,892

7,208

7,259

7,059

6,460

6,368

6,379

6,300

6,315

6,154

6,030

5,968

5,832

5,754

5,878

5,842

5,778

5,604

5,129

4,809

4,508

4,175

3,949

3,701

3,464

3,283

3,150

0

0

0

Total interest income

66,548

66,331

66,370

65,733

64,746

64,187

63,706

61,241

59,516

57,376

54,575

52,015

49,413

46,676

44,478

43,836

42,698

41,822

41,204

40,729

40,596

41,039

40,302

41,057

38,076

34,836

32,871

29,974

30,788

31,820

32,912

33,563

34,101

34,299

34,833

35,227

0

0

0

INTEREST EXPENSE:
Interest on deposits

1,967

1,928

1,771

1,525

1,308

1,153

1,089

969

962

969

975

1,015

999

975

920

926

936

948

965

968

996

1,060

1,136

1,229

1,274

1,270

1,270

1,299

1,442

1,630

1,893

2,169

2,426

2,662

2,952

3,288

0

0

0

Interest on junior subordinated deferrable interest debentures

198

210

215

216

213

199

186

173

157

147

141

132

125

121

114

109

104

99

99

97

96

96

94

96

97

98

99

101

103

107

109

106

104

100

109

110

0

0

0

Other

417

421

425

331

113

132

134

131

40

21

13

5

4

0

0

0

0

-

-

-

-

-

-

-

-

17

54

90

127

146

146

147

146

180

258

334

0

0

0

Total interest expense

2,582

2,559

2,411

2,072

1,634

1,484

1,409

1,273

1,159

1,137

1,129

1,152

1,128

1,096

1,034

1,035

1,040

1,047

1,064

1,065

1,092

1,156

1,230

1,325

1,371

1,385

1,423

1,490

1,672

1,883

2,148

2,422

2,676

2,942

3,319

3,732

0

0

0

Net interest income before provision for credit losses

63,966

63,772

63,959

63,661

63,112

62,703

62,297

59,968

58,357

56,239

53,446

50,863

48,285

45,580

43,444

42,801

41,658

40,775

40,140

39,664

39,504

39,883

39,072

39,732

36,705

33,451

31,448

28,484

29,116

29,937

30,764

31,141

31,425

31,357

31,514

31,495

0

0

0

PROVISION FOR (REVERSAL OF) CREDIT LOSSES

2,425

1,025

525

275

25

50

50

-850

-1,050

-1,150

-1,150

-1,250

-5,700

-5,850

-5,850

-4,750

350

600

8,985

8,885

7,985

7,985

-400

-400

0

0

200

200

300

700

800

1,200

1,350

1,050

2,050

2,650

0

0

0

Net interest income after provision for credit losses

61,541

62,747

63,434

63,386

63,087

62,653

62,247

60,818

59,407

57,389

54,596

52,113

53,985

51,430

49,294

47,551

41,308

40,175

31,155

30,779

31,519

31,898

39,472

40,132

36,705

33,451

31,248

28,284

28,816

29,237

29,964

29,941

30,075

30,307

29,464

28,845

0

0

0

NON-INTEREST INCOME:
Service charges

2,712

2,756

2,841

2,908

2,921

2,986

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges

-

-

-

-

-

-

-

-

-

-

2,963

2,941

2,847

-

2,877

2,834

2,848

2,970

3,159

3,270

3,343

3,280

3,315

3,415

3,266

3,156

3,001

2,780

2,783

2,774

2,775

2,820

2,893

2,903

2,946

3,074

0

0

0

Appreciation in cash surrender value of bank-owned life insurance

739

728

718

709

695

695

693

668

644

621

597

578

561

558

556

567

587

596

606

620

622

614

612

605

545

495

442

394

393

391

384

379

379

382

387

389

0

0

0

Interchange fees

1,436

1,446

1,457

1,464

1,460

1,462

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interchange fees

-

-

-

-

-

-

-

-

-

-

1,400

1,334

1,273

-

1,219

1,204

1,198

1,197

1,162

1,160

1,196

1,205

1,209

1,182

1,053

962

875

0

0

-

0

-

-

-

-

-

-

-

-

Net realized gain on sale of credit card portfolio

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains on sales of investment securities

8,345

5,199

5,233

3,928

1,551

1,314

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposal of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

-

0

0

-

615

0

0

0

-

-

Net realized gain (loss) on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Net realized gains on sales of investment securities

-

-

-

-

-

-

-

-

-

-

2,892

3,009

1,272

-

1,873

1,587

1,899

1,495

1,789

2,029

1,361

904

705

465

721

1,265

1,485

2,328

2,105

1,639

1,336

716

661

298

230

37

0

0

0

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-478

-349

0

0

0

Other than Temporary Impairment Losses, Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

731

0

0

-

0

Other-than-temporary impairment loss on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-31

-509

-1,080

0

0

0

Federal Home Loan Bank dividends

441

455

580

590

590

590

479

458

436

443

638

650

661

630

420

430

591

580

564

530

337

327

301

274

231

177

138

83

54

36

14

11

11

9

9

10

0

0

0

Loan placement fees

1,138

978

809

728

681

708

726

798

781

706

817

885

983

1,083

1,040

934

935

1,042

937

908

784

544

571

487

570

677

730

783

668

631

497

367

345

274

274

299

0

0

0

Other income

2,059

1,743

2,062

2,230

2,169

2,107

1,808

1,945

1,825

1,753

1,827

1,318

1,536

1,459

1,382

1,398

1,478

1,507

1,374

1,413

1,235

1,290

1,334

1,371

1,196

1,099

657

626

830

992

759

906

1,066

1,063

1,810

1,774

0

0

0

Total non-interest income

16,870

13,305

13,700

12,441

10,529

10,324

9,860

9,951

11,361

10,836

11,134

10,715

9,133

9,591

9,231

8,818

9,400

9,387

9,591

9,930

8,878

8,164

8,047

7,799

7,582

7,831

7,693

8,164

7,808

7,242

6,746

6,057

6,183

6,271

6,233

5,385

0

0

0

NON-INTEREST EXPENSES:
Salaries and employee benefits

27,676

26,654

26,718

26,374

26,295

26,221

26,509

26,111

25,299

24,738

23,442

23,061

22,482

21,881

21,668

21,314

20,927

20,836

20,361

20,183

19,973

19,721

19,218

19,190

18,319

17,427

16,779

15,504

15,487

15,597

15,487

15,772

15,813

15,762

16,095

15,874

0

0

0

Occupancy and equipment

5,104

5,439

5,617

5,789

5,914

5,972

6,113

5,910

5,544

5,186

4,919

4,757

4,726

4,754

4,658

4,738

4,726

4,669

4,685

4,703

4,855

4,835

4,845

4,757

4,338

4,109

3,850

3,622

3,598

3,578

3,611

3,683

3,742

3,795

3,824

3,834

0

0

0

Professional services

1,436

1,305

1,342

1,281

1,364

1,475

1,549

1,464

1,527

1,509

1,391

1,479

1,342

1,258

1,262

1,311

1,359

1,504

1,502

1,482

1,415

1,176

1,569

1,329

1,195

1,088

541

532

521

514

533

519

507

491

451

453

0

0

0

Data processing

1,498

1,557

1,593

1,612

1,581

1,666

1,749

1,747

1,796

1,740

1,812

1,795

1,784

1,707

1,422

1,319

1,205

1,139

1,321

1,482

1,651

1,820

1,795

1,704

1,530

1,383

1,223

1,140

1,134

1,125

1,172

1,193

1,196

1,178

1,167

1,154

0

0

0

Regulatory assessments

146

251

360

583

609

619

646

653

639

652

655

628

674

642

706

795

866

1,059

1,016

970

900

762

747

790

751

696

681

624

639

652

669

687

712

845

945

1,070

0

0

0

ATM/Debit card expenses

1,023

920

817

739

729

739

766

790

785

750

717

660

677

633

606

592

533

548

559

580

611

624

615

619

568

527

0

0

0

-

-

-

-

-

-

-

-

-

-

Information technology

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License and maintenance contracts

-

-

-

2,061

-

-

-

850

884

-

733

670

545

531

516

514

514

520

494

499

496

488

520

531

503

472

0

0

0

-

-

-

-

-

-

-

-

-

-

Directors’ expenses

726

710

637

611

551

465

486

463

458

597

548

576

588

530

597

558

482

439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

727

756

779

781

771

758

723

685

657

638

616

593

587

576

578

604

608

608

600

598

593

589

593

562

489

476

485

500

560

558

606

649

691

735

731

732

0

0

0

Internet banking expense

818

816

798

755

731

732

725

734

731

705

703

692

686

678

665

662

667

709

702

669

594

520

499

474

454

397

0

0

0

-

-

-

-

-

-

-

-

-

-

Legal fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

241

270

335

344

421

0

0

0

Acquisition and integration expenses

-

-

-

0

-

-

-

1,590

2,045

1,828

981

970

0

-

0

0

-

-

0

0

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

Other real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

329

447

0

0

0

Loss on disposal of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Amortization of core deposit intangibles

695

695

695

615

535

455

374

327

281

234

188

175

162

149

169

220

270

320

338

337

337

337

336

336

302

268

234

200

200

200

253

307

360

414

415

414

0

0

0

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other

4,220

4,386

4,538

4,439

4,609

4,636

4,853

5,047

5,015

5,011

4,601

4,300

4,024

3,801

3,649

3,605

3,547

3,665

3,435

3,657

3,836

3,965

3,997

4,111

4,063

3,866

3,389

3,371

3,451

3,603

3,534

3,565

3,690

3,652

4,540

4,362

0

0

0

Total non-interest expenses

46,511

46,100

46,383

45,640

45,367

45,068

46,768

46,371

45,661

44,406

42,210

41,471

40,059

38,922

37,011

36,384

35,704

36,016

35,830

35,853

35,890

35,338

35,059

34,999

33,488

31,685

30,128

27,792

27,287

27,274

27,091

27,658

28,007

28,240

28,851

28,771

0

0

0

Income before provision for income taxes

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

8,813

8,656

9,337

9,205

9,619

8,340

8,251

8,338

6,846

5,459

0

0

0

Provision for income taxes

9,050

8,509

8,476

7,851

7,035

6,620

8,997

9,314

10,040

9,793

7,221

6,438

7,030

6,917

6,036

5,104

3,103

2,582

-779

-673

-637

-570

2,589

2,443

1,716

1,347

1,132

1,488

1,747

1,685

2,033

1,802

1,649

1,861

1,213

730

0

0

0

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,144

5,294

9,871

10,489

9,083

8,250

7,681

7,168

7,590

7,520

7,586

6,538

6,602

6,477

5,633

0

0

0

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,871

10,489

9,083

8,250

7,681

7,168

7,590

7,520

7,586

6,538

6,602

6,477

5,633

0

0

0

-

Preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

350

350

349

350

0

0

0

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Net Income (Loss) Available to Common Stockholders, Basic

22,850

21,443

22,275

22,336

21,214

21,289

16,342

15,084

15,067

14,026

16,299

14,919

16,029

15,182

15,478

14,881

11,901

10,964

5,695

5,529

5,144

5,294

9,783

10,314

8,820

7,900

7,331

6,818

7,241

7,170

7,238

6,075

6,127

5,991

5,134

4,333

0

0

0

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

-

-

-

-

-

-