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Central Valley Community Bancorp FOR IMMEDIATE RELEASE CENTRAL VALLEY COMMUNITY BANCORP REPORTS EARNINGS RESULTS FOR THE NINE MONTHS AND QUARTER ENDED SEPTEMBER 30 , 2021 , AND QUARTERLY DIVIDEND FRESNO , CALIFORNIA ... October 20 , 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 $ 21,563,000 , and fully diluted earnings per common share of $ 1.74 for the nine months ended September 30 , 2021 , compared to $ 13,268,000 and $ 1.05 per fully diluted common share for the nine months ended September 30 , 2020 . THIRD QUARTER FINANCIAL HIGHLIGHTS • • • Net loans decreased $ 16.0 million or 1.47 % , and total assets increased $ 344.3 million or 17.18 % at September 30 , 2021 compared to December 31 , 2020. The net loan decrease consisted of a decrease of $ 128.7 million in SBA Paycheck Protection Program ( PPP ) loans , offset by an increase of $ 112.7 million in non - PPP loan growth . Total deposits increased 19.47 % to $ 2.06 billion at September 30 , 2021 compared to December 31 , 2020 . Total cost of deposits remains at low levels at 0.05 % and 0.09 % for the quarters ended September 30 , 2021 and 2020 , respectively . Average non - interest bearing demand deposit accounts as a percentage of total average deposits was 45.30 % and 48.56 % for the quarters ended September 30 , 2021 and 2020 , respectively . Non - performing assets were $ 1,597,000 , net loan recoveries were $ 122,000 , and loans delinquent more than 30 days were $ 309,000 for the quarter ended September 30 , 2021 . The Company recorded a reversal of provision for credit losses of $ 500,000 during the quarter ended September 30 , 2021 . Capital positions remain strong at September 30 , 2021 with a 8.24 % Tier 1 Leverage Ratio ; a 12.34 % Common Equity Tier 1 Ratio ; a 12.68 % Tier 1 Risk - Based Capital Ratio ; and a 13.39 % Total Risk - Based Capital Ratio . The Company declared an $ 0.12 per common share cash dividend , payable on November 19 , 2021 to shareholders of record as of November 5 , 2021 . During the quarter ended September 30 , 2021 , the Company repurchased and retired a total of 344,940 shares of common stock at an average price paid per share of $ 20.72 . - more -