Fresno-based Central Valley Community Bancorp reported a profit of more than $2.21 million, or 19 cents per share, for the fourth quarter of 2013. That was up from about $1.64 million, or 16 cents per share, in the last quarter of 2012.
For the full year, net income for the parent company of Central Valley Community Bank was $8.25 million or 77 cents per share, compared to $7.52 million or 75 cents per share in 2012.
The company attributed the higher annual earnings to increases in income from loan interest and other sources, as well as a lower allowance for credit losses.
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