Janet Silveria, president/CEO of Community Bancorp of Santa Maria, parent company of Community Bank of Santa Maria, released the company’s following earnings report for the period ending June 30, 2025.

Net loans were $282.8 million as of June 30, 2025. This represents a 10.0% increase from the $257.1 million reported on June 30, 2024 and an 8.9% increase from the $259.8 million reported as of March 31, 2025.

Total deposits were $365.5 million as of June 30, 2025. This represents a 2.4% increase from the $356.9 million reported on June 30, 2024 and a 1.3% increase from the $360.8 million reported on March 31, 2025.

Total assets were $417.8 million as of June 30, 2025.

On June 30, 2025, the year-to-date unaudited net income was $1,865,969 ($0.86 per share), representing an increase from the $1,531,870 ($0.71 per share) reported on June 30, 2024.

Unaudited net income for the second-quarter 2025 was $1,055,183, compared to the $810,787 earned in the first-quarter 2025.

“We are pleased with the growth in both loans and deposits this quarter and are especially pleased to report strong earnings growth,” Silveria said.

“The company recognized one-time Bank Owned Life Insurance income of approximately $315,000 during the quarter. This was largely offset by $232,000 of loan loss provision expense, which is directly attributed to growth in loans,” she said.

“We believe the bank is poised for continued robust earnings in future quarters,” Silveria said.

The book value per share was $15.88 as of June 30, 2025, which is an increase from the $13.63 reported on June 30, 2024.

Due to strong historical earnings, and ongoing strength in the balance sheet, the company recently announced a stock repurchase program and a cash dividend of $0.30 per share payable on July 8, 2025.