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County Commerce Bank Announces Strong Earnings for 2nd Quarter 2011

County Commerce Bank (OTCBB:CNYB), Ventura County’s award winning bank and the only community bank headquartered in Ventura and Santa Barbara Counties to earn the Five Star “Superior” award by BauerFinancial, Inc., reported continued growth for the second quarter 2011. Total assets were $177,343,000, an 11.1% increase from second quarter, 2010. Total deposits were $157,465,000, a 12.5% increase from the first half of 2010. The bank reported an increase in net income for the second quarter; net income after taxes was $377,000, equal to $0.30 per share and a total of $703,000 or $0.59 per share for the first six months of 2011. Net income year to date was up by $143,000 or 25.5% compared to year to date 2010. Capital increased $768,000 from $14,441,000 to $15,209,000, a 5.32% increase in investor’s equity for the first six months of 2011.

The Bank’s loan portfolio increased to $102,118,000 at quarter end, compared to $100,366,000 for the same period 2010, an increase of 1.7%. The Bank is focused on building and maintaining a quality loan portfolio. The Bank’s excellent liquidity position allows it to continue lending to local businesses and individuals, which strengthens the local community and its economy. With the recapitalization of some peer banks, the competition for loans has intensified. County Commerce Bank is known for its skill in structuring loans that will give its clients the most credit possible with realistic repayment terms. This philosophy of lending has been a critical element that has kept the bank from having to recapitalize and dilute the Bank’s shareholders’ equity.

From June 30, 2010 to June 30, 2011, the Bank increased its Allowance for Loan and Lease Losses by $686,000 or 32.2% to $2,816,000 as an abundance of caution. This positions the Bank’s percentage of Loan Loss Reserves to total loans well above the national average for banks.

The announcement was made by Joseph D. Kreutz, President and Chief Executive Officer. “I am very pleased that the bank continues to perform so well. Every bank is dealing with lack of loan demand, low interest rates and weak economic conditions.” Kreutz further added, “We are fortunate that the strong foundation we set in place years ago is still keeping us healthy. We have good earning assets, a quality loan portfolio and one of the most highly rated efficiency ratios of any bank our size. That’s a quality bank!”

Selected Financial Highlights and Awards as of June 30, 2011:

Ø Return on average equity (annualized) at 9.48%.

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

Ø Tier 1 Capital Ratio at 8.74%; above 5.00% is deemed “Well Capitalized” by FDIC.

Ø Super Premier Performing Bank or Premier Performing Bank by Findley Reports for the last six consecutive years.

Ø Five-Star “Superior” rating by BauerFinancial Inc., for more than 25 consecutive quarters.

Ø Recognized by U.S. Banker’s 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 and completed its initial public offering of stock on January 21, 2003. The Bank opened for business at 3260 Telegraph Road, Ventura, California on February 13, 2003 and opened its second branch located at 2400 E. Gonzales Road, Oxnard on April 30, 2007. 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.