Community Valley Bank Announces Second Quarter Performance Results

EL CENTRO, Calif.--([ BUSINESS WIRE ])--Robert aBoba Hahn, President and CEO of Community Valley Bank (OTCBB: CMUV), announced for the second quarter of 2010 that the banka�s total assets grew to $56.8 million. This is an 18 percent growth from the end of March 31, 2010. Community Valley Banka�s (CVB) growth has continued every quarter since the Bank was chartered on October 1, 2007.

"Our entire team is focusing on becoming profitable. Despite the weak economy, we are making progress toward profitability. We are proud to report that we recently broke ground for our first permanent branch location in Brawley, California"

Deposits also grew to $48.2 million from $39.4 million at the end of this yeara�s first quarter. Gross loans increased by $2.2 million to $37.6 million, a 6 percent increase in three months. The banka�s loss decreased to $199,000 from $214,000 at March 31, 2010.

CVB retains a tier one leverage capital ratio of 13.07 percent, which exceeds the Federal Deposit Insurance Corporationa�s (FDIC) regulatory requirements. To be considered well-capitalized, a bank must have over 10 percent. CVBa�s loan loss reserve to total loans is 1.73 percent.

aOur entire team is focusing on becoming profitable. Despite the weak economy, we are making progress toward profitability. We are proud to report that we recently broke ground for our first permanent branch location in Brawley, California,a said Bob Hahn

The book value of CVB stock is $5.40 per share and our stock traded at $3.25 per share as of June 30, 2010.


	At June 30, 2010			At March 31, 2010
Consolidated Financial Condition Data
Assets	$	56,894,115		$	47,636,673
Loans receivable-net		36,932,629			34,916,904
Cash and cash equivalents		17,715,832			8,503,473
Investment securities		510,335			495,115
Deposits		48,210,991			39,353,937
Federal Home Loan Bank Stock, at Cost		180,600			162,200
Stockholders' equity-net		7,316,627			7,496,165

	At June 30, 2010			At March 31, 2010
Selected Consolidated Earnings Data
Total interest income	$	1,268,337		$	627,054
Total interest expense		223,655			105,183
Net interest income		1,044,682			521,871
Provision of losses on loans		78,189			54,000
Net interest income after provision for losses on loans		966,493			467,871
Total other income (Noninterest income)		282,588			131,317
General, administrative and other expenses		1,662,887			814,249
Income tax expense (benefit)
Net loss	$	(413,805	)	$	(215,061	)

About Community Valley Bank: Community Valley Bank ([ www.yourcvb.com ]) is the Imperial Valleya�s ONLY locally owned and locally headquartered bank. CVB was chartered as a state bank for Imperial Valley businesses on October 1, 2007, and now has two locations, 203 S. Imperial Avenue in El Centro and 310 Main Street in Brawley, California. Community Valley Bank is a publicly traded company under the symbol CMUV. All investor related inquiries should be directed to Community Valley Banka�s Investor Relations Officer, Diana S. Alvarez. She may be contacted at (760) 352-1889.

Please Note: Information is subject to change without notice.

Contributing Sources

Market Wire

N@N

Community Valley Bank Announces Second Quarter Performance Results