2011 Form 10-K Financial Statement

#000112737112000013 Filed on March 21, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $34.30M $36.01M
YoY Change -4.76% -11.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.212M $880.0K $1.262M
YoY Change -3.96% -65.89% -44.89%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.942M $4.283M
YoY Change -31.31% -35.37%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.338M $100.0K $2.910M
YoY Change 186.53% -162.5% 52.2%
Income Tax $1.861M -$520.0K -$369.0K
% Of Pretax Income 22.32% -520.0% -12.68%
Net Earnings $6.477M $620.0K $3.279M
YoY Change 97.53% 26.53% 26.7%
Net Earnings / Revenue 18.88% 9.11%
Basic Earnings Per Share $0.63 $0.31
Diluted Earnings Per Share $0.63 $65.75K $0.31
COMMON SHARES
Basic Shares Outstanding 9.522M shares 9.210M shares
Diluted Shares Outstanding 9.539M shares 9.291M shares

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $101.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $5.900M $5.843M $5.800M
YoY Change 1.72% -10.11% -10.77%
Goodwill $23.58M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $849.0M $777.6M $777.6M
YoY Change 9.18% 1.58% 1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.40M $10.60M $10.60M
YoY Change 83.02% 7.07% 7.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.00M $10.00M
YoY Change -100.0% 100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.40M $10.60M $10.60M
YoY Change 83.02% 7.07% 7.07%
LONG-TERM LIABILITIES
Long-Term Debt $9.200M $9.200M $9.200M
YoY Change 0.0% -52.08% -52.08%
Other Long-Term Liabilities $2.600M $4.000M $4.000M
YoY Change -35.0% 14.29% 14.29%
Total Long-Term Liabilities $9.200M $9.200M $9.200M
YoY Change 0.0% -52.08% -52.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.40M $10.60M $10.60M
Total Long-Term Liabilities $9.200M $9.200M $9.200M
Total Liabilities $741.5M $680.2M $680.2M
YoY Change 9.01% 0.88% 0.87%
SHAREHOLDERS EQUITY
Retained Earnings $49.82M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.5M $97.39M $97.40M
YoY Change
Total Liabilities & Shareholders Equity $849.0M $777.6M $777.6M
YoY Change 9.18% 1.58% 1.58%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $6.477M $620.0K $3.279M
YoY Change 97.53% 26.53% 26.7%
Depreciation, Depletion And Amortization $1.212M $880.0K $1.262M
YoY Change -3.96% -65.89% -44.89%
Cash From Operating Activities $20.58M $3.920M $14.18M
YoY Change 45.13% -868.63% 103.15%
INVESTING ACTIVITIES
Capital Expenditures $1.246M -$320.0K $595.0K
YoY Change 109.41% -3.03% -39.96%
Acquisitions
YoY Change
Other Investing Activities -$128.3M $21.94M $33.18M
YoY Change -486.77% -270.74% 239.61%
Cash From Investing Activities -$129.6M $21.62M $32.58M
YoY Change -497.66% -263.91% 271.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $52.80M 13.89M $5.558M
YoY Change 849.89% 40.87% -58.54%
NET CHANGE
Cash From Operating Activities 20.58M 3.920M 14.18M
Cash From Investing Activities -$129.6M 21.62M $32.58M
Cash From Financing Activities $52.80M 13.89M $5.558M
Net Change In Cash -$76.78M 39.43M $38.14M
YoY Change -301.3% -1126.82% 71.92%
FREE CASH FLOW
Cash From Operating Activities $20.58M $3.920M $14.18M
Capital Expenditures $1.246M -$320.0K $595.0K
Free Cash Flow $19.33M $4.240M $13.59M
YoY Change 42.32% -2455.56% 126.83%

Facts In Submission

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615000 USD
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700000 USD
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1106000 USD
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3921000 USD
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7000 USD
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9000 USD
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783000 USD
CY2009 cvcy Gain Loss On Bank Owned Life Insurance
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0 USD
CY2010 cvcy Gain Loss On Bank Owned Life Insurance
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0 USD
CY2011 cvcy Gain Loss On Bank Owned Life Insurance
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85000 USD
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594000 USD
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8515000 USD
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231000 USD
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LoanPlacementFees
274000 USD
CY2010 cvcy Loan Placement Fees
LoanPlacementFees
300000 USD
CY2010 cvcy Net Increase Decrease In Demand Interest Bearing And Savings Deposits
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33877000 USD
CY2009 cvcy Net Increase Decrease In Demand Interest Bearing And Savings Deposits
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16415000 USD
CY2011 cvcy Net Increase Decrease In Demand Interest Bearing And Savings Deposits
NetIncreaseDecreaseInDemandInterestBearingAndSavingsDeposits
87928000 USD
CY2011 cvcy Other Real Estate Owned
OtherRealEstateOwned
15000 USD
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OtherRealEstateOwned
479000 USD
CY2010 cvcy Other Real Estate Owned
OtherRealEstateOwned
1071000 USD
CY2010 cvcy Preferred Stock Dividends And Accretion
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395000 USD
CY2009 cvcy Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
365000 USD
CY2011 cvcy Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
486000 USD
CY2011 cvcy Proceeds From Issuance Of Preferred Stock And Warrants
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0 USD
CY2010 cvcy Proceeds From Issuance Of Preferred Stock And Warrants
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0 USD
CY2009 cvcy Proceeds From Issuance Of Preferred Stock And Warrants
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7000000 USD
CY2011 cvcy Redemption And Issuance Of Preferred Stock
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7000000 USD
CY2010 cvcy Redemption And Issuance Of Preferred Stock
RedemptionAndIssuanceOfPreferredStock
0 USD
CY2009 cvcy Redemption And Issuance Of Preferred Stock
RedemptionAndIssuanceOfPreferredStock
0 USD
CY2009 cvcy Regulatory Assessments
RegulatoryAssessments
1604000 USD
CY2011 cvcy Regulatory Assessments
RegulatoryAssessments
845000 USD
CY2010 cvcy Regulatory Assessments
RegulatoryAssessments
1191000 USD
CY2011 cvcy Transfer Of Loans To Other Assets
TransferOfLoansToOtherAssets
209000 USD
CY2010 cvcy Transfer Of Loans To Other Assets
TransferOfLoansToOtherAssets
0 USD
CY2009 cvcy Transfer Of Loans To Other Assets
TransferOfLoansToOtherAssets
0 USD
CY2009 cvcy Write Down Value Of Real Estate Owned
WriteDownValueOfRealEstateOwned
356000 USD
CY2011 cvcy Write Down Value Of Real Estate Owned
WriteDownValueOfRealEstateOwned
0 USD
CY2010 cvcy Write Down Value Of Real Estate Owned
WriteDownValueOfRealEstateOwned
638000 USD
CY2011 dei Amendment Flag
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false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001127371
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9491516 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q2 dei Entity Public Float
EntityPublicFloat
46397000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
CENTRAL VALLEY COMMUNITY BANCORP
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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