Fresno-based Central Valley Community Bancorp reported a profit of just under $2.5 million for the first quarter, but that was down by about $150,000 from the same period a year ago.
The parent company of Central Valley Community Bank announced its earnings Wednesday. The net earnings of $2,466,000, or 22 cents per share, were down from $2,616,000 or 24 cents per share in the first quarter of 2014. The company attributed the decline to a combination of lower income from interest and higher expenses.
Premium content for only $0.99
For the most comprehensive local coverage, subscribe today.