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Central Valley Community Bancorp FOR IMMEDIATE RELEASE CENTRAL VALLEY COMMUNITY BANCORP REPORTS EARNINGS RESULTS FOR THE QUARTER ENDED MARCH 31 , 2021 , AND INCREASES QUARTERLY DIVIDEND FRESNO , CALIFORNIA ... April 22 , 2021 ... 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 $ 7,479,000 , and fully diluted earnings per common share of $ 0.60 for the three months ended March 31 , 2021 , compared to $ 6,623,000 and $ 0.52 per fully diluted common share for the three months ended March 31 , 2020 . FIRST QUARTER FINANCIAL HIGHLIGHTS • • • • Net loans decreased $ 11.1 million or 1.02 % , and total assets increased $ 196.4 million or 9.80 % at March 31 , 2021 compared to December 31 , 2020 . Total deposits increased 11.59 % to $ 1.92 billion at March 31 , 2021 compared to December 31 , 2020 . Total cost of deposits remains at low levels at 0.06 % and 0.13 % for the quarters ended March 31 , 2021 and 2020 , respectively . Average non - interest bearing demand deposit accounts as a percentage of total average deposits was 46.39 % and 44.23 % for the quarters ended March 31 , 2021 and 2020 , respectively . Non - performing assets were $ 3,783,000 , net loan recoveries were $ 941,000 , and there were no loans delinquent more than 30 days for the quarter ended March 31 , 2021 . The Company recorded a reversal of provision for credit losses of $ 1.8 million during the quarter ended March 31 , 2021 . Capital positions remain strong at March 31 , 2021 with a 9.09 % Tier 1 Leverage Ratio ; a 14.38 % Common Equity Tier 1 Ratio ; a 14.78 % Tier 1 Risk - Based Capital Ratio ; and a 15.76 % Total Risk - Based Capital Ratio . The Company declared an increase in its regular quarterly cash dividend to $ 0.12 per common share , payable on May 21 , 2021 to shareholders of record as of May 7 , 2021 . - more -