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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 3rd Quarter 2021 Financial Results El Centro , CA , October 29 , 2021 , CMUV Bancorp , the holding company for Community Valley Bank , is pleased to announce unaudited 3rd quarter results for the quarter ending September 30 , 2021. Net Income assisted by a payoff of a non - accrual loan and the sale of an OREO property came in at $ 2,003,929 . The two one - time items added about $ 790,000 to core net income in the 3rd quarter . The net income number equaled $ 0.87 per share . The net income for the first nine months of 2021 came in at $ 4,141,804 , which is a 90 % increase over the first nine months of 2020. Total assets were $ 271 MM . Total deposits came in at $ 233 MM . Gross loans were at $ 206 MM . We ended the 3rd quarter 2021 with a Community Bank Leverage Capital ratio of 10.47 % . 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 $ 2,262,983 or 1.25 % of total loans , excluding SBA PPP loans and guaranteed portion of other loans . Non - accrual loans remain very low at 0.22 % . Both Board and Management believe the ALLL is fully funded at this time . 09/30/2021 book value of the common stock was $ 13.16 per share ( diluted ) . The common stock ( CMUV ) was trading at $ 11.55 as of September 30 , 2021. ROAA for the first nine months of 2021 was 2.05 % and ROAE came in at 21.69 % The bank is close to completing all SBA PPP loan forgiveness applications and has only about $ 4.5 MM remaining from a high of $ 63 MM . As we celebrate our 14th Anniversary this month , we want to thank all of our customers and shareholders for supporting Your Community Valley Bank . -End of Page-