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(CVCY, HTBK, FCVA, CRWE) Stocks in Focus by CRWEFinance.com
(CVCY, HTBK, FCVA, CRWE) Stocks in Focus by CRWEFinance.com
Central Valley Community Bancorp (NASDAQ:CVCY), the parent company of Central Valley Community Bank (Bank), reported unaudited consolidated net income of $6,477,000, and diluted earnings per commo
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 3, 2012 --
Central Valley Community Bancorp (NASDAQ:CVCY), the parent company of Central Valley Community Bank (Bank), reported unaudited consolidated net income of $6,477,000, and diluted earnings per common share of $0.63 for the year ended December 31, 2011, compared to $3,279,000 and $0.31 per diluted common share for the year ended December 31, 2010. Net income increased 97.53% primarily driven by lower provision for credit losses, decreases in non-interest expense and increases in non-interest income, partially offset by decreases in net interest income in 2011 compared to 2010. Non-performing assets decreased $5,550,000 or 27.77% to $14,434,000 at December 31, 2011 compared to $19,984,000 at December 31, 2010. The Company also had no OREO as of December 31, 2011.
Read the full article at: http://crwefinance.com/21983/stock-alerts/cvcy-htbk-fcva-crwe-stocks-in-focus-by-crwefinancecom/
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