Central Valley Community Bancorp (CVCY) 10-K Annual Report March 2019

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $21,289,000, and fully diluted earnings per common share of $1.54 for the year ended December 31, 2018, compared to $14,026,000 and $1.10 per fully diluted common share for the year ended December 31, 2017.

FOURTH QUARTER FINANCIAL HIGHLIGHTS


•	Net loans increased $17.7 million or 1.98%, and total assets decreased $123.8 million or 7.45% at December 31, 2018 compared to December 31, 2017.


•	Total deposits decreased 10.06% to $1.28 billion at December 31, 2018 compared to December 31, 2017.


•	Total cost of deposits remain at record low levels at 0.10% and 0.08% for the quarter ended December 31, 2018 and 2017, respectively.


•	Average non-interest bearing demand deposit accounts as a percentage of total average deposits was 43.06% and 40.40% for the quarters ended December 31, 2018 and 2017, respectively.


•	Capital positions remain strong at December 31, 2018 with a 11.48% Tier 1 Leverage Ratio; a 15.13% Common Equity Tier 1 Ratio; a 15.59% Tier 1 Risk-Based Capital Ratio; and a 16.44% Total Risk-Based Capital Ratio.


•	The Company increased its quarterly dividend to $0.10 per common share, payable on February 22, 2019 to shareholders of record on February 8, 2019.

“2018 was another successful year for our Company with earnings at record highs and strong levels of capital. Our Central Valley Community Bank team has remained focused on serving client needs, a historic

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The following information was filed by Central Valley Community Bancorp (CVCY) on Wednesday, January 23, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Central Valley Community Bancorp provided additional information to their SEC Filing as exhibits

Exhibit 10.83: Material Contract

Exhibit 10.84: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: CVCY
CIK: 1127371
Form Type: 10-K Annual Report
Accession Number: 0001127371-19-000028
Submitted to the SEC: Fri Mar 08 2019 4:03:19 PM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: State Commercial Banks

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Central Valley Community Bancorp (CVCY) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

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