Business News • MarketWire • Central Valley Community Bancorp Reports Earnings Results for the Year Ended December 31, 2009 |
Central Valley Community Bancorp Reports Earnings Results for the Year Ended December 31, 2009 |
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Central Valley Community Bancorp Reports Earnings Results for the Year Ended December 31, 2009
FRESNO, CA--(Marketwire - February 1, 2010) - 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 $2,588,000, and diluted earnings per common share of $0.28 for
the year ended December 31, 2009, compared to $5,139,000 and $0.79 per
diluted common share for the year ended December 31, 2008. Earnings for
2009 were negatively impacted by the overall weak economy, increased
provision for credit losses, and the significant increase in FDIC insurance
assessments for all banks, partially offset by gains from sales and calls
of investment securities.
View More : http://www.marketwire.com/mw/release.do?id=1110505&sourceType=3
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