Security Bank of California Announces First Quarter Earnings

RIVERSIDE, Calif.--(Business Wire)--
Security Bank of California (OTCBB: SBOC) announced today its
results for the three months ended March 31, 2008. Net income was
$289,251 for the first quarter, versus $85,220 for the same period
last year, an increase of 239%.

The Bank reported total assets of $202 million as of 3/31/08,
compared to the $138 million reported on 3/31/07. Gross loans were at
$164 million, up 69% from the $97 million reported on 3/31/07. The
Bank also saw an increase in its total deposits. Deposits were at $166
million as of 3/31/08, compared to $103 million as of 3/31/07.

The Bank remained "well capitalized" by regulatory definition.

"While we are very pleased with our first quarter results, we are
cautiously optimistic about the balance of 2008," commented James A.
Robinson, Chairman and CEO of the Bank. "Even though the Bank does not
make or invest in sub prime loans, the impact of the sub prime market
will have a rippling effect throughout our entire region's economy
during all 2008," added Mr. Robinson.

"Nevertheless, our entire team remains focused on building our
franchise with a disciplined credit culture to insure prudent growth,
with a solid commitment to meet the needs of our community," Mr.
Robinson said.

Security Bank of California opened for business on June 20, 2005,
and was founded by prominent members of the Inland Empire who shared a
common vision that a bank should strengthen the local economy by
making decisions locally, based on local values. A Bank focused on
success ... Yours.

Forward-Looking Statement Disclaimer -

This release may contain forward-looking statements that are
subject to risks and uncertainties. Such risks and uncertainties may
include but are not necessarily limited to fluctuations in interest
rates, inflation, government regulations and general economic
conditions, and competition within the business areas in which the
Bank is conducting its operations, including the real estate market in
California and other factors beyond the Bank's control. Such risks and
uncertainties could cause results for subsequent interim periods or
for the entire year to differ materially from those indicated. Readers
should not place undue reliance on the forward-looking statements,
which reflect management's view only as of the date hereof. The Bank
undertakes no obligation to publicly revise these forward-looking
statements to reflect subsequent events or circumstances.

Security Bank of California
Thomas Ferrer, 951-368-2268
TFerrer@securitybankca.com

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