SCVBank Reports First Quarter Results

Strong Deposit Growth Experienced
SANTA PAULA, Calif.--(Business Wire)--
Santa Clara Valley Bank (SCVBank) (OTCBB:SCVE) today announced its 2009 first
quarter financial results.

In the first quarter of 2009, SCVBank`s assets grew to $140 million, up from
$121 million at year-end 2008, a dramatic increase of 15.4%. The primary source
of the growth was strong deposit growth, which increased 17.3%.

"The deposit growth was both a blessing and a challenge, at least temporarily,"
stated Michael D. Hause, President and CEO. "As time deposits came to SCVBank to
seek safety from various other risks, the Bank couldn`t deploy the deposits
rapidly enough to result in an increase in net interest margin. This trend
should reverse itself in the second quarter as SCVBank funds new loan volume and
purchases higher yielding investments."

SCVBank`s net interest income was $5,000 lower in the first quarter of 2009,
than the similar period one year ago, even though the earnings base had grown
substantially.

Loans grew from $101.9 million at year-end to $105.5 million, or 3.6% at March
31, 2009.

SCVBank reported that revenue was $1,872,000 in the first quarter of 2009, a
decrease of 5.9%, or $118,000, over the $1,990,000 of revenue in the first
quarter of 2008. The reduction in revenues was a function of the low interest
rate environment, including the near zero interest rate received on overnight
funds. Also affecting revenue was the inability to sell the guaranteed portion
of SBA loans in 2009.

Non-interest expense was down for the quarter by $20,000, due in part, to cost
cutting measures.

SCVBank recorded a net loss for the first quarter 2009 of $(467,000) or ($0.43)
per share compared to a net profit of $86,000 or $0.08 per share for the period
a year earlier. The loss occurred primarily due to a $900,000 addition to the
allowance for loan losses, as a result of several loans adversely affected by
the recession and its effect on collateral values. Despite the loss provision,
SCVBank continues to maintain a strong capital position with a Tier 1 Leverage
ratio of 10.5% at quarter end, well above the regulatory guideline of 5% for
well capitalized institutions.

"I am proud of SCVBank`s superior staff and their conservative approach to
banking, which allows our customers to know that their money is in excellent
hands," stated Chairman Ralph DeLeon.

"The Bank is in a very strong capital position. While the results of the first
quarter were not welcomed, we believe the Bank has adequately reserved for the
collateral dependent loans identified as problems," said CEO Hause.

Founded in 1998, SCVBank currently operates three branches in Santa Paula,
Fillmore, and Valencia. Under its stock symbol of SCVE.OB, SCVBank's stock is
traded through McAdams Wright Ragen, Howe Barnes Hofer & Arnett, and Monroe
Securities. The Bank's web site is www.SCVBank.com.

Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060
805-525-7847

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.

Santa Clara Valley Bank, N. A.

Balance Sheets
Unaudited Audited
March 31, 2009 December 31, 2008
Assets:

Cash and due from banks $ 4,668,000 $ 4,068,000
Investments 26,788,000 13,991,000
Loans 105,489,000 101,851,000
Allowance for loan losses (1,631,000 ) (1,672,000 )
Other assets 4,238,000 2,739,000
Total Assets $ 139,552,000 $ 120,977,000

Liabilities and Stockholders' Equity:

Deposits $ 117,235,000 $ 99,986,000
FHLB Advances 7,550,000 9,050,000
Other liabilities 1,181,000 878,000
Stockholders' equity 13,586,000 11,063,000
Total Liabilities and Stockholders' Equity $ 139,552,000 $ 120,977,000

For the Three Months For the Three Months
Statements of Income (unaudited) Ended 3-31-09 Ended 3-31-08

Interest income $ 1,706,000 $ 1,703,000
Interest expense 486,000 478,000
Provision for loan losses 900,000 50,000
Noninterest income 166,000 287,000
Noninterest expense 1,290,000 1,310,000
Income (loss) before taxes (804,000 ) 152,000
Income tax (benefit) provisional (337,000 ) 66,000
Net Income (Loss) $ (467,000 ) $ 86,000

Earnings per common share, basic ($0.43 ) $ 0.08

Quarterly Net Income (Loss) ($467,000 ) $ 86,000
Quarterly earnings per common share, basic ($0.43 ) $ 0.08

Book value per common share $ 9.92 $ 10.49
Common shares outstanding (end of period) 1,077,167 1,083,839

Return on average assets -1.43 % 0.32 %
Return on beginning equity -16.89 % 3.09 %

Tier 1 leverage ratio 10.47 % 10.63 %
Tier 1 risked-based capital ratio 12.42 % 12.52 %
Total risk-based capital ratio 13.68 % 13.42 %

Nonperforming assets $ 2,972,000 $ 0

Santa Clara Valley Bank
Michael D. Hause
President & Chief Executive Officer
805-525-7847

Copyright Business Wire 2009