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SCVBank Reports Continued Growth

Quarterly Net Income Increases 15%

Santa Paula, CA. February 15, 2007. Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced its 2006 fourth quarter and year-end financial results.

The Bank reported that quarterly revenue was $1,799,679 in the fourth quarter, an increase of 42%, or $535,284, over the $1,264,395 of revenue in the fourth quarter of 2005. This increase contributed to the Bank's net income of $117,609, up from $102,189 in the previous quarter, an increase of 15%.

In the fourth quarter of 2006, the Bank's loans grew to $62 million, up from $42.4 million at the previous year-end, an increase of approximately 46%. The Bank has more than $83.2 million in deposits, up from $66.3 million, or 26%, over year-end 2005 with strong growth in our core customer base. "SCVBank enjoyed a highly successful fourth quarter by virtually every measure", remarked Board Chairman Sanger Hedrick.

Total revenue for 2006 was $6,242,716, which was a 36% increase over the $4,574,558 for 2005. This contributed to an increase in pretax income of 36%. Net income after taxes for 2006 was $300,421.

"SCVBank made some significant strides in 2006 in terms of establishing a strong customer service presence in Santa Clarita and solidifying our market positions in Santa Paula and Fillmore, where market share is 20%," continued Hedrick.

For the year, deposit accounts increased by 523 with the Valencia Branch accounting for 53% of the increase. Non-interest bearing deposits continue to be strong at 31% of the total deposits.

"December was one of our best months in terms of new accounts and loans boarded. The 89 new accounts and the $6.5 million in loan commitments boarded, coupled with a strong loan pipeline, should establish a strong base for profitability in the first quarter of 2007", said President and CEO Michael D. Hause. "Our reputation as the 'exceptional customer service bank' is growing and will continue to add shareholder value."

Bank assets at year-end were $96.6 million, an increase of 29%, over the 2005 year-end level of $74.9 million. SCVBank's loan portfolio continues to perform well. For the year, loan charge-offs were only $1,400. At year-end, there were no "non-performing" loans and delinquencies were minimal.


Founded in 1998, Santa Clara Valley Bank has offices in Santa Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB, Santa Clara Valley Bank's stock is traded through Wedbush Morgan Securities, and Howe Barnes Hofer & Arnett. The Bank's web site is

Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060

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