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Shareholder Financial Summary
For Quarter End June 30, 2023
June 30,
2023
2022
ASSETS
Cash & Cash Equivalents
$ 51,543,292
$ 72,659,712
Total Investments
7,448,986
$ 5,831,449
Gross Loans
222,304,620
$ 206,606,592
ACL
(2,421,556)
(2,358,501)
Total Earning Assets
$ 278,875,341
$ 282,739,251
Other Assets
13,583,455
$ 12,297,973
TOTAL ASSETS
$ 292,458,796
$ 295,037,224
LIABILITIES
Deposits
$ 255,190,988
$ 256,882,344
Total Borrowings & Debt Obligations
2,000,000
$ 4,067,317
Other Liabilities
709,737
$ 2,220,198
TOTAL LIABILITIES
$ 257,900,726
$ 263,169,859
SHAREHOLDER CAPITAL/EQUITY
Total Stock, Equity, Retained Earnings
$ 32,675,505
$ 29,791,527
Net Income
$ 1,882,565
$ 2,075,838
TOTAL EQUITY/CAPITAL
$ 34,558,070
$ 31,867,365
TOTAL LIBILITIES & CAPITAL/EQUITY
$ 292,458,796
$ 295,037,224
STATEMENT OF INCOME AND EXPENSE
Total Interest Income
$ 7,524,659
$ 5,568,452
Total Interest Expense
(1,822,497)
(355,250)
NET INTEREST INCOME
$ 5,702,161
$ 5,213,202
Total Other Non-Interest Income
$ 435,718
$ 782,600
Total Non-Interest Expenses
$ (3,518,554)
$ (3,081,238)
Provision for Loan Loss
(15,600)
–
INCOME BEFORE TAXES
$ 2,603,725
$ 2,914,564
Income Tax Expense
$ (721,159)
$ (838,726)
NET INCOME
$ 1,882,565
$ 2,075,838
RATIOS
Return on Average Assets (ROAA)
1.31%
1.46%
Return on Average Equity (ROAE)
11.53%
13.93%
Earnings Per Share (Basic) – Quarterly Earnings
$ 0.49
$ 0.57
Earnings Per Share (Basic) – YTD
$ 1.00
$ 1.12
Total Shares (Outstanding/Exercised)
1,877,651
1,858,951
Book Value (CVB – Bank)
$ 18.40
$ 17.14
Book Value (CMUV – Holding Company)
$ 15.37
$ 13.89
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