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CMUV Bancorp Announces 2023 2nd Quarter Financial Results

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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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