Janet Silveria, president/CEO of Community Bancorp of Santa Maria, parent company of Community Bank of Santa Maria, released the company’s earnings report for the period ending March 31, 2025.

Net Loans were $259.8 million as of March 31, 2025 representing an 8.5% increase from the $239.5 million reported on March 31, 2024.

The bank maintains strong credit quality with no other real estate owned and no loans 90 days or more past due, Silveria reported.

Total deposits were $360.8 million as of March 31, 2025 — 5.1% increase from the $343.3 million reported as of March 31, 2024.

Total Assets were $402.1 million as of March 31, 2025 — an increase of 4.0% from the $386.6 million reported on March 31, 2024.

On March 31, 2025, the year-to-date unaudited net income was $810,787 ($0.37 per share). This represents a decrease from the $831,141 ($0.38 per share) reported on March 31, 2024, Silveria said.

“We’re pleased to report continued strong loan growth this quarter, a clear sign of the trust our customers place in us and the strength of the community we serve,” said Silveria.

“While earnings were slightly lower this period due to increased provisioning for credit losses, this is a proactive and prudent step to support the expansion of our loan portfolio,” she said. “The bank is well-positioned for sustainable long-term growth.”

Silveria said the first quarter earnings report is a follow-up to a strong 2024.

“The bank was recognized as a Findley ‘Premier Performing’ bank in 2024 and once again received a Five Star rating from Bauer Financial. We look forward to building on that momentum throughout 2025,” she said.

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