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Award-winning County Commerce Bank Announces 2012 as Most Successful Year to Date

VENTURA, CA — County Commerce Bank (OTCBB:CNYB), the only community bank headquartered in Ventura County recognized by The Findley Reports as a “Super Premier Performing Bank” in 2012 based on 2011 operating results, reported 2012 as another year of exceptional earnings.

Pretax earnings for the twelve months ended December 31, 2012 were $2,930,000 which resulted in after tax earnings of $1,724,000 compared to $1,533,000 for the twelve months ended December 31, 2011; an increase of 12.5%. As of December 31, 2012, total assets climbed $17.9 million, to a total of $203.4 million; a 9.65% increase over 2011. Total deposits ended at $180.1 million, a 12.2% increase over 2011. Shareholders’ Equity improved by $2.4 million for 2012 to $18.5 million; a 9.7% increase from December 31, 2011.

The Bank’s loan portfolio increased to $120.3 million at year end 2012, compared to $106.6 million at year end 2011; an increase of 12.9%. The bank continues to pursue commercial banking relationships and grow the bank organically. The Bank’s excellent liquidity and strong capital position allows it to continue lending to local businesses and individuals, which strengthens the local community and its economy. Growing the loan portfolio with quality loans is the bank’s first priority, a philosophy of the bank that has consistently contributed to the bank’s award-winning results.

In the May 2012 edition of American Banker Magazine, County Commerce Bank was the only locally headquartered bank to join other top performers throughout the nation on the list of Top 200 Community Banks and Thrifts, placing 120th ranked by three-year average ROE. Based on 2011 financial results, Ventura County’s award winning and locally owned County Commerce Bank has been recognized by financial industry ratings organizations as one of the nation’s best performing banks and one of the highest rated banks on California’s central coast. Financial Management Consulting Group, a financial industry rating company that publishes bank performance reports, rated County Commerce Bank as the top rated bank in the tri-counties and 20th best performing bank in all of California. The report’s rankings for 230 banks headquartered in the state are based on earnings, asset quality, efficiency, margin management, and fee analysis.

For the 31st consecutive quarter, the bank earned BauerFinancial’s Five Star “Superior” rating which indicates that County Commerce Bank is one of strongest financial institutions in the nation. Once again, County Commerce Bank was the only bank in the tri-counties to earn a “Superior” rating for the third quarter 2012.

County Commerce Bank’s excellent footprint along the 101 freeway corridor with branches in Ventura, Oxnard, and Camarillo allows customers easy access to their many services. President and Chief Executive Officer Joseph D. Kreutz stated, “Though highly regulated, the banking industry as a whole continues to work through the challenges of the uncertain economy. Despite these challenges, we are pleased to have increased our loan portfolio by 12.9% since year end 2011. Working closely with our loan customers, we have maintained the high quality of our portfolio with no non-performing assets.” Kreutz added, “In addition to the financial contributions we make to the local community, it is our responsibility to do everything we can to keep local businesses healthy and moving ahead along with us.”
Selected Financial Highlights and Awards as of December 31, 2012:

* Return on average equity (annualized) at 10.10%.

* Allowance for Loan and Lease Losses at 2.76% of total average loans.

* Tier 1 Leverage Ratio at 9.35%; above 5.00% is deemed “Well Capitalized” by FDIC.

* Super Premier Performing Bank or Premier Performing Bank by The Findley Reports for the past eight consecutive years.

* Five-Star “Superior” rating by BauerFinancial Inc., for more than 31 consecutive quarters.

* Recognized by American Banker magazine as one of the Top 200 Community Banks out of 8,000 banks in the nation based on three year average ROE.

ABOUT COUNTY COMMERCE BANK

County Commerce Bank was founded by local professionals and business leaders in Ventura County. The Bank opened for business at 3260 Telegraph Road, Ventura, California in February, 2003, opened its second branch located at 2400 E. Gonzales Road, Oxnard in April, 2007 and a third branch in May 2012 at 2357-B Pickwick Drive in Camarillo. County Commerce Bank provides financial solutions for local professionals and small businesses, offering its customers state of the art technology along with a traditional, personalized banking experience. County Commerce Bank stock is traded on the Over the Counter Bulletin Board (OTCBB); our Ticker Symbol is CNYB.

County Commerce Bank’s stock is traded through Market Maker:
Crowell, Weedon & Co.
Community Bank Group
Michael R. Natzic, Senior Vice President/Branch Manager
Member FINRA – Member SIPC
P.O. Box 1688
Big Bear Lake, CA 92315
(800) 288-2811

The Bank’s web site is www.CountyCommerceBank.com.

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.

# # #
Selected financial data attached

Selected Financial Data
Twelve months ended December 31,
2012
2011
Income statement summary
 Unaudited
 Unaudited
Net interest income
   $       6,505,000
 $       6,488,000
Noninterest income
             322,000
             315,000
Noninterest expense
      3,893,000
         3,901,000
Provision for loan losses
                 4,000
             299,000
Income before income tax
         2,930,000
        2,603,000
Income tax
          1,206,000
           1,070,000
Net income
 $       1,724,000
 $       1,533,000
Balance sheet summary
Loans – Gross
 $   120,296,000
 $   106,559,000
Allowance for loan losses
         3,001,000
         3,001,000
Deposits
      180,136,000
     160,600,000
Stockholders’ equity
        18,508,000
        16,156,000
Total assets
      203,363,000
      185,462,000
Common stockholders’ data
Basic earnings per share
 $               1.42
 $                1.28
Book value per share
 $            14.30
 $              13.38
Shares Outstanding
1,293,845
1,207,066
Capital ratios
Tier 1 leverage ratio
9.35%
8.78%
Tier 1 risk-based capital ratio
15.19%
13.66%
Total risk-based capital ratio
16.46%
14.94%
Financial ratios
Return on average assets
0.91%
0.86%
Return on average equity
10.10%
10.03%
Efficiency ratio
57.04%
57.34%
Net interest margin
3.55%
3.81%
Asset Quality
Nonaccrual loans
$                   0
 $                    0