Central Valley Community Bancorp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the year, the company reported net income available to common shareholders of $7,170,000, and diluted earnings per common share of $0.75 compared to $5,991,000 and $0.63 per diluted common share for the year ended December 31, 2011. Net income increased 16.10%, primarily driven by increases in non-interest income, a decrease in non-interest expense and lower provision for credit losses, partially offset by a decrease in net interest income in 2012 compared to 2011. Return on average equity (ROE) was 6.56%, compared to 6.26% for the year ended December 31, 2011. The increase in ROE reflects an increase in net income, notwithstanding an increase in capital from an increase in other comprehensive income and an increase in retained earnings. Return on average assets (ROA) was 0.88% and 0.81% for the years ended December 31, 2012 and 2011, respectively. The increase in ROA is due to an increase in net income, notwithstanding an increase in average assets. The company reported total interest income of $31.8 million compared to $34.3 million, net interest income before provision for credit losses of $29.9 million compared to $31.4 million, income before provision for income taxes of $9.2 million compared to $8.3 million in the last year.

For the quarter, the company reported net income available to common shareholders of $1,554,000, and diluted earnings per common share of $0.16 compared to $1,622,000 and $0.17 per diluted common share in 2011. The company reported total interest income of $7.6 million compared to $8.7 million, net interest income before provision for credit losses of $7.2 million compared to $8.0 million, income before provision for income taxes of $1.8 million compared to $2.2 million, return on average equity (ROE) was 0.74%, compared to 0.81% and return on average assets (ROA) was 5.56%, compared to 6.41% in the last year. The decrease in net income during the fourth quarter of 2012 compared to the same period in 2011 is primarily due to decreases in net interest income and an increase in non-interest expense, partially offset by an increase in non-interest income. Return on average equity decrease is reflective of a decrease in net income and an increase in capital. Return on average assets decrease is due to a decrease in net income and an increase in average assets.

During the fourth quarter of 2012, the company recorded $281,000 in net loan charge-offs compared to $66,000 in net loan recoveries for the same period in 2011.