Central Valley Community Bancorp reported unaudited earnings results for third quarter and nine months ended September 30, 2009. For the quarter the company reported unaudited consolidated net income of $379,000 and diluted earnings per common share of $0.03 on net interest income of $8,654,000 compared to $1,214,000 and $0.19 per diluted share on net interest income of $6,023,000 for the same period in 2008. Net income available to common shareholders was $268,000. The decrease in net income during the third quarter of 2009 is primarily due to an increase in the provision for credit losses and a significant increase in its FDIC insurance assessments. Annualized return on average equity for the third quarter of 2009 was 1.86%, compared to 8.82% for the same period of 2008. This decrease is reflective of a decrease in net income and an increase in capital from the Service 1st acquisition, the issuance of the Preferred Stock, and retained earnings. For nine months period, the company reported net income of $2,102,000 and net income available to common shareholders of $1,807,000 or $0.23 per diluted share on total interest income of $31,123,000 compared to net income and net income available to common shareholders of $3,834,000 or $0.61 per diluted share on total interest income of $22,864,000 for the same period a year ago.

Central Valley Community Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter ended June 30, 2009, the company reported unaudited consolidated net income available to common shareholders of $329,000 and diluted earnings per common share of $0.04, compared to $1,315,000 and $0.21 per diluted share, for the same period in 2008, and $1,259,000 and $0.16 per diluted share, for the quarter ended March 31, 2009. The decrease in net income during the second quarter of 2009 is primarily due to an increase in the provision for credit losses and a significant increase in FDIC insurance assessments. Annualized return on average equity for the second quarter of 2009 was 2.28%, compared to 9.71% for the same period of 2008. This decrease is reflective of a decrease in net income and an increase in capital from retained earnings and the issuance of the Preferred Stock. Annualized return on average assets was 0.25% for the second quarter of 2009 compared to 1.04% for the same period in 2008. This decrease is due to the reduction in net income and the increase in average assets. The company reported net interest income increased $3,022,000 or 52.8% to $8,748,000 for the second quarter of 2009, compared to $5,726,000 for the same period in 2008. The increases in net interest margin and in net interest income are primarily due to an 85 basis point reduction in the cost of interest bearing liabilities to 1.35% for the quarter ended June 30, 2009 compared to 2.20% for the same period in 2008, while the yield on interest earning assets remained relatively unchanged comparing the same periods. The company announced net income of $1,723,000, and diluted earnings per common share of $0.20 for the six months ended June 30, 2009, compared to $2,620,000 and $0.42 per diluted common share for the six months ended June 30, 2008. Earnings for the first half of 2009 were negatively impacted by the overall weak economy, the provision for credit losses, and a significant increase in FDIC insurance assessments for all banks. Annualized return on average equity for the six months ended June 30, 2009 was 4.21%, compared to 9.63% for the same period in 2008. This decrease is reflective of a decrease in net income and an increase in capital from retained earnings and the issuance of preferred stock. Annualized return on average assets was 0.46% for the first half of 2009, compared to 1.06% for the same period in 2008. The ROA decrease is due to the reduction in net income and the increase in average assets. The company announced net interest income for the six months ended June 30, 2009 was $17,233,000, compared to $11,575,000 for the same period in 2008, an increase of $5,658,000 or 48.9%. Net interest income increased as a result of the increased levels of earning assets offset by the increased levels of interest bearing liabilities. The increases were primarily from the Service 1st acquisition and also from the organic growth. The company reported income before provision for income taxes of $1,986,000 compared to $3,879,000 for the same period last year.

Central Valley Community Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2009. The company reported net income of $1,259,000, or $0.16 per diluted common share on total interest income of $10,469,000, for the quarter, compared to $1,305,000, or $0.21 per diluted common share on total interest income of $7,689,000 for the quarter ended March 31, 2008. Despite the turbulent current economic times for banks, earnings for the first quarter of 2009 represent 96.5% of the earnings from one year ago. The 3.5% decline in earnings was primarily a function of lower interest rates, a charge to reflect the current fair value of the Company's only Other Real Estate Owned property, and certain additional expenses related to the fourth quarter 2008 acquisition of Service 1st Bancorp. The company reported income before provision for income taxes of $1,466,000 on net interest income after provision for credit of $6,568,000 against income before provision for income taxes of $1,980,000 on net interest income after provision for credit of $5,714,000 for the same period a year ago. The company reported net income available to common shareholders of $1,210,000 against net income available to common shareholders of $1,305,000 for the same period a year ago. Return on average assets was 0.66% against 1.08% a year ago. Return on average equity was 6.13% against 9.55% a year ago.