Central Valley Community Bancorp (NASDAQ:CVCY) reported unaudited consolidated net income of $6,477,000, and diluted earnings per common share of $0.63 for the year ended December 31, 2011, compared to $3,279,000 and $0.31 per diluted common share for the year ended December 31, 2010. Net income increased 97.53% primarily driven by lower provision for credit losses, decreases in non-interest expense and increases in non-interest income, partially offset by decreases in net interest income in 2011 compared to 2010. Non-performing assets decreased $5,550,000 or 27.77% to $14,434,000 at December 31, 2011 compared to $19,984,000 at December 31, 2010. The Company also had no OREO as of December 31, 2011.

Central Valley Community Bancorp operates as the bank holding company for Central Valley Community Bank that provides commercial banking and financial services to individuals, businesses, and professional communities in California.

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Majestic Gold Corp. (MJGCF.PK)

Indian gold jewelry is also famous for its beautiful designs all over the world. The intricate designs for all kind of gold jewelry are the result of the best craftsmanship. Another major part of the cost for a piece of gold jewelry is the cost for labor, especially for pieces set with precious stones. 10K gold is the minimum karat that can be called “gold” in the United States. Gold Jewelry is the easiest of the gold to buy and has the enjoyment of being able to be worn. Gold symbolizes riches, wealth, and good standing, and in its purest form, is impossible to tarnish. Gold jewelry is sophisticated and refined, and is a divine and precious metal that is perfect for all occasions. Pure (24-karat) gold can sometimes be too soft and malleable for everyday wear. Therefore, gold jewelry is usually complemented by a mixture of other alloyed metals (such as silver, copper, nickel and zinc) to help it retain more resistance and strength

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.

As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.

In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.

For more information, please visit their website: http://www.majesticgold.net

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Kearny Financial Corp. (NASDAQ:KRNY) reported net income for the quarter ended December 31, 2011 of $470,000, or $0.01 per diluted share. The results represent a decrease of $1,548,000 compared to net income of $2,018,000, or $0.03 per diluted share, for the quarter ended September 30, 2011. The decrease in net income between linked quarters was primarily the result of increased provisions for loan losses and losses related to real estate owned coupled with an increase in non-interest expenses. In total, these factors resulted in an overall decrease in pre-tax income and the provision for income taxes.

Kearny Financial Corp. operates as a holding company for Kearny Federal Savings Bank that provides various financial services in New Jersey.

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Ocean Shore Holding Co. (NASDAQ:OSHC) announced net income of $1,481,000, or $0.22 per basic and diluted share, for the quarter ended December 31, 2011 as compared to $1,428,000, or $0.21 per basic and diluted share, for the same quarter last year. For the full year ended December 31, 2011, net income was $5,058,000, or $0.75 per basic share and $0.74 per diluted share, as compared to $5,444,000, or $0.80 per basic and diluted share, for 2010. Results reflect after tax expenses of $48,000 during the fourth quarter and $586,000 for the full year ended December 31, 2011 associated with the acquisition of CBHC Financialcorp, Inc. and its subsidiary Select Bank, compared to no similar expense during the same periods in 2010. The acquisition closed on August 1, 2011.

Ocean Shore Holding Co. operates as the holding company for Ocean City Home Bank that provides retail banking services primarily to consumers and businesses in Atlantic and Cape May counties, New Jersey.

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