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CMUL BANCORP FOR IMMEDIATE RELEASE Contact : Jon A. Edney , President / CEO Phone ( 760 ) 352-1889 , mediarelations@yourcvb.com CMUV Bancorp Announces 2021 1st Quarter Financial Results & Schedules Annual Shareholder Meeting El Centro , CA , April 26 , 2021 , CMUV Bancorp , the holding company for Community Valley Bank , is pleased to announce unaudited 1st quarter results for the quarter ending March 31 , 2021. Net Income came in at $ 1,045,454 . This is the highest net income for a 1st quarter in bank history . The net income number equaled $ 0.46 per share . Total assets reached $ 251.8 MM . Total deposits came in at $ 231.6 MM . Gross loans surpassed $ 220 MM . We ended the 1st quarter 2021 with a Community Bank Leverage Capital ratio of 10.19 % . This is well above the ratio required to be considered , a well - capitalized bank . Our Allowance for Loan and Lease Losses ended the quarter at $ 2,158,681 or 1.20 % of total loans , excluding SBA PPP loans that have a 100 % guarantee . Non - accrual loans and Past Due loans remain very low at 0.33 % . Both Board and Management believe the ALLL is fully funded at this time . 03/31/2021 book value of the common stock was $ 11.82 per share ( diluted ) . The common stock ( CMUV ) was trading at $ 10.82 as of March 31 , 2021. ROAA for the quarter was 1.38 % and ROAE came in at 13.92 % The bank continues to participate in the SBA PPP program . As of the end of the 1st quarter , CVB had assisted over 150 businesses with second Draw PPP loans and processed more than 225 first Draw PPP forgiveness applications . At quarter end , the bank had approximately $ 40 MM in first and second round PPP loans . The CMUV Annual Shareholders Meeting will take place on May 13 , 2021 , 10:00 a.m. , at 310 Main St , Brawley , CA 92227. We would normally be excited to invite our shareholders to attend but as we are still going through the pandemic issues , we would suggest that you not attend the meeting in person . Your proxy card , annual report , and the audited financials are available for shareholder review and voting . Please take the opportunity to review and vote , as it is essential for us to have a proper quorum in order to conduct the appropriate business actions . -End of Page-