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Central Valley Community Bancorp FOR IMMEDIATE RELEASE CENTRAL VALLEY COMMUNITY BANCORP REPORTS EARNINGS RESULTS FOR THE SIX MONTHS AND QUARTER ENDED JUNE 30 , 2021 , AND QUARTERLY DIVIDEND FRESNO , CALIFORNIA ... July 21 , 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 $ 15,042,000 , and fully diluted earnings per common share of $ 1.20 for the six months ended June 30 , 2021 , compared to $ 8,924,000 and $ 0.71 per fully diluted common share for the six months ended June 30 , 2020 . SECOND QUARTER FINANCIAL HIGHLIGHTS • • • • • • Net loans decreased $ 29.9 million or 2.75 % , and total assets increased $ 276.5 million or 13.79 % at June 30 , 2021 compared to December 31 , 2020. The net loan decrease consisted of a decrease of $ 83.4 million in the SBA Paycheck Protection Program ( PPP ) loans , offset by an increase of $ 53.5 million in non - PPP loan growth . Total deposits increased 14.88 % to $ 1.98 billion at June 30 , 2021 compared to December 31 , 2020 . Total cost of deposits remains at low levels at 0.05 % and 0.10 % for the quarters ended June 30 , 2021 and 2020 , respectively . Average non - interest bearing demand deposit accounts as a percentage of total average deposits was 45.86 % and 48.39 % for the quarters ended June 30 , 2021 and 2020 , respectively . Non - performing assets were $ 2,035,000 , net loan charge - offs were $ 117,000 , and loans delinquent more than 30 days were $ 391,000 for the quarter ended June 30 , 2021 . The Company recorded a reversal of provision for credit losses of $ 1.5 million during the quarter ended June 30 , 2021 . Capital positions remain strong at June 30 , 2021 with a 8.63 % Tier 1 Leverage Ratio ; a 13.43 % Common Equity Tier 1 Ratio ; a 13.80 % Tier 1 Risk - Based Capital Ratio ; and a 14.58 % Total Risk - Based Capital Ratio . The Company declared an $ 0.12 per common share cash dividend , payable on August 20 , 2021 to shareholders of record as of August 6 , 2021 . During the quarter ended June 30 , 2021 , the Company repurchased and retired a total of 239,679 shares of common stock at an average price paid per share of $ 20.17 . - more -