Central Valley Community Bancorp, parent company of Fresno’s Central Valley Community Bank, announced net income of $4.49 million, or 36 cents per common share, for the third quarter.

That’s up from $3.11 million, or 28 cents per share, in the same period of 2016.

The increase in net income for the quarter was attributed to an increase in net interest income of $2.58 million and an increase in non-interest income of $2.58 million.

For the first nine months of the year, net income was $13.69 million, or $1.11 per share, compared to $12.57 million, or $1.14 per share, for the same period of 2016.

The Company’s third quarter financial results reflect an increase in loans and continued expense management resulting in steady earnings growth for our shareholders. While the economy in our legacy region of the San Joaquin Valley remains sluggish, we are optimistic that there will be improvement in the future. Conversely, our expanded presence with recent mergers in the Greater Sacramento area shows promise in all relationship growth categories, igniting enthusiasm with both new and existing team members,” said James M. Ford, president and CEO, in a statement.

As of Sept. 30, the bank reported total assets of $1.42 billion, down slightly from $1.44 billion on Dec. 31, 2016 but up from $1.3 billion on Sept. 30, 2016.