Quarterly Report Central Valley Community Bancorp First Quarter 2019 • May 2019

Message From ˝e President & CEO We are pleased to report our fnancial results for the frst quarter of 2019. While the Bank experienced modest loan and deposit growth in the frst quarter of 2019, our strong core deposit mix has been maintained which allows us to continue to deliver our relationship approach to community banking. With very low levels of nonperforming assets and strong capital levels, we stand ready to meet the needs of our diverse communities. Our strategic plan to further reduce overhead expenses is taking hold and with the consolidation of two branches in the second quarter, we are positioned to further improve delivery and effciency.

For the quarter ended March 31, 2019, the Company reported unaudited consolidated net income of $5,216,000 ($0.38 per diluted share), compared to $5,291,000 ($0.38 per diluted share) for the same period in 2018. ˝e decrease in net income during the ÿrst quarter 2019 was primarily driven by an increase in non-interest expense and an increase in the provision for income taxes, partially o°set by an increase in net interest income and an increase in net realized gains on sales and calls of interest securities.

Total average loans (including nonaccrual), which generally yield higher rates than investment securities, increased $3,207,000 from $902,904,000 for the quarter ended March 31, 2018 to $906,111,000 for the quarter ended March 31, 2019. Total average deposits decreased $94,641,000 or 6.83% to $1,290,012,000 for the quarter ended March 31, 2019, compared to $1,384,653,000 for the quarter ended March 31, 2018.

On April 17, 2019, the Board of Directors of the Company declared $0.11 per common share cash dividend, payable on May 17, 2019 to shareholders of record on May 3, 2019.

For the remainder of 2019, we believe that our Company is well- positioned for success because of our thorough strategic planning, goal-setting and unwavering commitment from a strong team of professionals who care about the fnancial needs of our clients, communities and our shareholders. We appreciate your continued trust and support.

James M. Ford President and Chief Executive O˜cer

Coming Soon:New Gold River Office We are excited to announce that Central Valley Community Bank is opening a new full-service location in Gold River on June 3rd. We are particularly happy to return to Gold River, as it was the city in which we launched our Greater Sacramento expansion in 2002 with a private banking and business loan production o˜ce that was consolidated into our Roseville o˜ce in 2017.

Conveniently located in the Village Marketplace shopping center, the new Gold River o˜ce will o°er full-service personal and business banking services along with other amenities such as a nightly depository drop box, a 24-hour walk-up ATM, and more.

Led by Vice President, Relationship Manager, Je° Garcia and a team of experienced bankers, the team looks forward to serving the business and personal ÿnancial needs of our growing relationships in Gold River.

We invite you to come and visit our new Gold River o˜ce and meet the team during our Grand Opening Celebration from June 17 though July 12, 2019!

11230 Gold Express Drive, Suite 311Monday – Friday: 9:00 am – 5:00 pm (916) 235-4588

Jeff Garcia Vice President, Relationship Manager

CVCB Guides Businesses For Tomorrow’s Workforce

When it comes to business, change is a constant factor that presents both challenge and opportunity. ˝e rapid growth at which technology is developing has transformed not only the way we live and operate but also the way we do business.

In his 2015 article, Klaus Schwab, Executive Chairman of the World Economic Forum, stated his claim that we have entered into the Fourth Industrial Revolution describing it as a fusion of technologies where digital and physical technologies are blending, bringing about change at an exponential rate.

Manufacturing is one such industry that has seen this technological shift from the forefront as automation, cutting edge ideas, and new operational strategies are becoming essential elements of the workplace. However, with great promise also comes a potential concern seen in the emergence of a massive jobs and skills gaps in the workforce.

In response, manufacturers have reinvested in educating, training, developing, and inspiring a next generation workforce that is best prepared to meet the demands of the future. At Central Valley Community Bank, we understand this need, which is why our team of business bankers is aligned with manufacturing industry experts and advocates to help our manufacturing clients not only prepare for the future, but also prosper along the way.

As transition remains constant, so does Central Valley Community Bank’s commitment of providing customers the tools and resources they need to ÿnd a pathway toward success. Find out how Central Valley Community Bank can help your business plan for its future as the Fourth Industrial Revolution emerges.

For more information and helpful resources on how to prepare your business for the future, visit our Financial Health Club at www.cvcb.com/Finanical-Health-Club or contact Mark Smith, Central Valley Commercial Team Leader and Business Transition Expert today at (559) 323 -3481.

NOW AVAILABLE: External Transfers For Personal Online Banking Users

Personal Online Banking customers can now complete external transfers from their Central Valley Community Bank checking, savings and money market accounts to accounts with other ÿnancial institutions. Customers have the ability to set up one-time, future-dated and recurring transfers that are completed in as little as one business day.

Access external transfers today in Personal Online Banking under the “Transfers” tab, and in the Mobile Banking app under the “Transfers & Payments” screen.

To learn more about external transfers and watch a demonstration video, visit www.cvcb.com/external-transfers.

SMALL BUSINESS LOANS

Expandyour business with usAt Central Valley Community Bank, we understand how important your business is to you. Our expert lending professionals know the local marketplace, are advocates for you and your business and will do all they can to help your enterprise succeed.

Small Business Loan Flexible repayment with terms of up to 5 years on loans up to $250,000

Small Business Line Up to $250,000 for your ongoing and temporary business needs, with easy advances by check or phone

Use your loan for: • Working capital • Equipment financing • Business expansion • Overdraft protection

Contact our Small Business Lending Team today! (800) 298-1775

Central Valley Consolidated Balance Sheets andConsolidated Statements of IncomeCommunity

Bancorp For 2019 First Quarter Results, Click Here

Condensed Consolidated Balance Sheets March 31, 2019 and December 31, 2018

(In thousands)

(Unaudited) 2019 2018Assets: Cash and cash equivalents $ 32,235 $ 31,727

Investment securities 486,968 471,159 Loans, net 912,692 909,591

Premises and equipment, net 8,096 8,484

Goodwill 53,777 53,777 Accrued interest receivable, intangibles & other assets 70,469 63,098 Total assets $ 1,564,237 $ 1,537,836

Liabilities and Shareholders’ Equity: Deposits: Non-interest bearing $ 550,410 $ 550,657 Interest bearing 742,154 731,641 Total deposits 1,292,564 1,282,298 Borrowings 12,155 15,155 Accrued interest payable & other liabilities 32,063 20,645 Total liabilities 1,336,782 1,318,098

Total shareholders’ equity 227,455 219,738 Total liabilities and equity $ 1,564,237 $ 1,537,836

Condensed Consolidated Statements of Income For three months ended March 31, 2019 and 2018

(In thousands, except per share amounts)

(Unaudited) 2019 2018

Net interest income $ 15,835 $ 15,426 Provision for (reversal of) credit losses (25) -Net interest income after provision for credit losses 15,860 15,426 Total non-interest income 2,976 2,771

Total non-interest expense 11,667 11,368

Provision for income taxes 1,953 1,538 Net income $ 5,216 $ 5,291 Basic earnings per common share $ 0.38 $ 0.39 Diluted earnings per common share $ 0.38 $ 0.38

Cash dividends paid per share $ 0.10 $ 0.07

THANK YOU! Another Successful Season of Shred Events Thank you to all who brought their sensitive documents to be shredded at our 13th Annual Shred Events! We would like to give a special thank you to our partner, Pacific Shredding. We could not have done it without them.

We received some incredible feedback on social media from all of you regarding our beloved events. Thank you for community support! This year we shredded 114,000 pounds of documents during our 19 event campaign!

For tips and best practices to follow year-round, visit our Identity Protection page at www.cvcb.com/identity-protection.

Roseville Welcomes New Deposit Relationship Manager

Join us in welcoming Nathan Ruiz as the new Vice President, Relationship Manager for the Roseville o˜ce. He will be responsible for overseeing the Roseville o˜ce, as well as the development of new personal and business relationships in the Greater Sacramento region.

Ruiz joins Central Valley Community Bank with over 24 years of banking experience and a strong background in branch operations.

Nathan Ruiz Vice President, Relationship Manager

News Briefs

2018 Raymond James Community Bankers Cup Winner Central Valley Community Bank received the 2018 Raymond James Community Bankers Cup award – ranking in the top 10% of 258 community banks with assets between $500 million and $10 billion for the year ended 2018. Winners were selected based on superior ÿnancial performance and stability.

5-Star Rating from Bauer Financial, Inc. ˝e Bank received the highest distinction from Bauer Financial, Inc. – its 5-Star Superior rating – based on 2018 fourth quarter ÿnancial results. ˝e 5-Star Superior rating signiÿes that the Bank is one of the strongest ÿnancial institutions on the nation and is safe, ÿnancially sound and operating above its regulatory capital requirements.

Findley “Super Premier Performer” Award Central Valley Community Bank achieved a “Super Premier” performance rating from ˝e Findley Reports – the highest of their three performance tiers recognized by the ÿrm. ˝is achievement is based upon the Bank’s 2018 operating results.

Stock Prices ˝e Company’s common stock closing price was $20.23 as of May 22, 2019. Inquiries on Central Valley Community Bancorp stock can be made by calling any licensed stockbroker.

Locations

BUSINESS LENDING (559) 298-1775 (800) 298-1775

CAMERON PARK 3311 Coach Lane Cameron Park, CA 95682 (530) 676-3400

CLOVIS Clovis Main 600 Pollasky Avenue Clovis, CA 93612 (559) 323-3480

Herndon & Fowler 1795 Herndon Avenue, Suite 101 Clovis, CA 93611 (559) 323-2200

EXETER 300 E. Pine Street Exeter, CA 93221 (559) 594-9919

FOLSOM 905 Sutter Street, Suite 100 Folsom, CA 95630 (916) 985-8700

FRESNO Corporate Office 7100 N. Financial Drive, Suite 101 Fresno, CA 93720 (559) 298-1775

Fig Garden Village 5180 N. Palm, Suite 105 Fresno, CA 93704 (559) 221-2760

Fresno Downtown 2404 Tulare Street Fresno, CA 93721 (559) 268-6806

River Park 8375 N. Fresno Street Fresno, CA 93720 (559) 447-3350

KERMAN 360 S. Madera Avenue Kerman, CA 93630 (559) 842-2265

LODI 1901 W. Kettleman Lane, Suite 100 Lodi, CA 95242 (209) 333-5000

MADERA 1919 Howard Road Madera, CA 93637 (559) 673-0395

MERCED 3337 G Street, Suite B Merced, CA 95340 (209) 725-2820

MODESTO2020 Standiford Avenue, Suite HModesto, CA 95350(209) 576-1402

OAKHURST40004 Highway 41, Suite 101Oakhurst, CA 93644(559) 642-2265

PRATHER29430 Auberry RoadPrather, CA 93651(559) 855-4100

GOLD RIVEROpening Effective 6/3/1911230 Gold Express Drive, Suite 311Gold River, CA 95670(916) 235-4588

ROSEVILLE2999 Douglas Boulevard, Suite 160Roseville, CA 95661(916) 859-2550

STOCKTON2800 W. March Lane, Suite 120Stockton, CA 95219(209) 956-7800

VISALIA Floral 120 N. Floral Street Visalia, CA 93291(559) 625-8733

Mission Oaks Plaza 5412 Avenida de los Robles Visalia, CA 93291 (559) 730-2851

Board of Directors Central Valley Community Bancorp and Central Valley Community Bank:

James M. Ford Robert J. Flautt President & CEO Gary D. Gall Daniel J. Doyle Steven D. McDonaldIndependent Director

Louis C. McMurrayDaniel N. Cunningham Vice Chairman Karen A. Musson

Edwin S. Darden, Jr. William S. Smittcamp

F.T. “Tommy” Elliott, IV Sidney B. Cox Founding Director Emeritus

www.cvcb.com