CMUV CMUV Bancorp (QB)

Community Valley Bank is pleased to announce its 17th consecutive quarter of profitability. For the quarter ending December 31, 2014, CVB reported $741,545 in net profit. The total profit for 2014 was $1,969,000, which includes the benefit from a valuation allowance credit to taxes. This is a significant increase over the previous record high of $1,240,140, achieved in 2013.

Total assets as of December 31st stood at $121,788,000, total net loans were $90,598,000, and our total Equity Capital was $13,779,831. Regulatory Capital was $12,716,760, providing an equity capital ratio of 10.6%. This is well above the regulatory ratio required to be considered a well capitalized bank.

This was a strong year for loan growth, with loans growing by more than $17,000,000. Our Allowance for Loan and Lease Losses ended the quarter at $1,366,834 or 1.49% of loans. The bank did take charge offs of slightly less than $450,000 for troubled loans in 2014. Board and Management believe the ALLL is fully funded at this time.

As of December 31st, 2014, the stock price was $5.16 per share. Tangible book value of the common stock was $7.33 per share.

2015 is going to be an exciting and challenging year for CVB. We expect continued growth in both the deposit and loan areas. The addition of our new branch in Palm Desert offers a great opportunity to expand our customer base and provide that unique brand of business banking that we have consistently delivered over the last 7 years.

We sincerely thank all of our shareholders for their continued support of Your Community Valley Bank.

    December 31, 2013 December 31, 2014 Consolidated Financial Condition Data Assets Loans receivable - net $ 73,703 $ 90,598 Cash and cash equivalents 35,037 21,284 Investment Securities 1,466 1,240 Federal Home Loan Bank Stock 447 392 Other Assets 6,950 8,269 Total Assets $ 117,603   $ 121,783   Liabilities Deposits 98,164 99,645 Borrowings (FHLB) 6,000 7,515 Mortgage Indebtedness 684 521 Other Liabilities 464 328 Total Liabilities 105,312   108,009   Preferred Stock 2,400 1,800 Common Stock 14,298 14,317 Costs/Dividends (100 ) (91 ) Surplus 537 546 Total Undivided Profits (4,727 ) (2,791 ) Unrealized Gain/Loss (117 ) (7 ) Stockholder's Equity - net 12,291 13,774

Total Liabilities and Shareholder Equity

$ 117,603   $ 121,783       December 31, 2013 December 31, 2014 Selected Consolidated Earnings Data Total Interest Income/Fees $ 5,420 $ 5,529 Total Interest Expense (712 ) (645 ) Net Interest Income 4,708 4,884 Provision For Losses on Loans (615 ) (618 )

Net Interest Income After Provision For Losses on Loans

4,093 4,266 Total Other Income (Noninterest Income) 910 410 General Administrative and Other Expenses (4,163 ) (4,207 ) Income Tax (Expense) Benefit 400   1,500   Net Profit/Loss Year To Date $ 1,240   $ 1,969  

Community Valley BankJon A. Edney, President and CEO760-352-1889mediarelations@yourcvb.com