Stellar Business Bank Announces Second Quarter Results

COVINA, Calif.--(Business Wire)--
Stellar Business Bank (OTCBB: SLRB) announced its second quarter 2009 financial
results. As of June 30, 2009, the Bank reported total assets of $99.9 million,
total deposits of $81.0 million and net total loans of $32.3 million, which
represents an increase of 56%, 87% and 62%, respectively, from the second
quarter of 2008, with an additional $4.1 million in unfunded loan commitments,
with no past due or non-performing loans, and no residential "sub prime"
mortgage loans.

The Bank reported an unaudited year-to-date loss of $709,852 or $0.31 basic loss
per share, which includes a gain on sale of investment securities of $861,989
and a loan loss provision of $300,701. This is compared to a net loss of
$1,131,071 or $0.49 basic loss per share in the same fiscal period last year,
which includes a loan loss reserve provision of $255,344. These numbers also
reflect the impact of accounting rules that require companies to include stock
compensation as an expense.

"We are pleased to report improved year-to-date earnings performance, compared
with the first six-months of 2008, due to our 1st quarter 2009 non-recurring
gain on the sale of investments securities," stated Timothy P. Walbridge,
President & CEO."We believe our expanded product and service offerings, which
include SBA lending and electronic business banking services, have strategically
poised us for increased opportunities to develop and expand profitable customer
relationships on a recurring operational basis. We have built a great
business-banking team of professionals and are excited about the future of our
Bank.We look forward to continuing to build a valuable franchise and to provide
a level of strength, stability and service essential to maintaining our
reputation as your community bank of choice. "

The numbers in this press release are unaudited. Certain statements in this
press release, including statements regarding the anticipated development and
expansion of Stellar Business Bank`s business, and the intent, belief or current
expectations of the Bank, its directors or its officers, are "forward looking"
statements (as such term is defined in the Private Securities Litigation Reform
Act of 1995). Because such statements are subject to risks and uncertainties,
actual results may differ materially from those expressed or implied by such
forward looking statements. These risks and uncertainties include, but are not
limited to, risks related to the local and national economy, the Bank`s
performance, including its ability to generate loan and deposit growth, changes
in interest rates, regulatory matters and those discussed in filings by the Bank
with the Federal Deposit Insurance Corporation. Member FDIC

STELLAR BUSINESS BANK
Balance Sheet
(Unaudited)

ASSETS 06/30/2009 06/30/2008

Cash and Cash Equivalents $ 1,114,792 $ 1,045,526
Fed Funds Sold 12,995,000 13,840,000
Interest-Bearing Deposits in Banks 12,867,000 0
Investment Securities Available for Sale 38,052,314 27,414,458
Equity Securities 614,000 282,400
Loans 32,866,074 20,271,277
Allowance for Loan Losses (554,413 ) (361,810 )
Loans, Net 32,311,661 19,909,467
Premises and Equipment, Net 1,393,278 1,305,636
Accrued Interest Receivable and Other Assets 574,925 323,643
Total Assets $ 99,922,970 $ 64,121,130

LIABILITIES and STOCKHOLDERS' EQUITY
Deposits
Noninterest-Bearing Deposits $ 9,184,866 $ 4,002,452
Interest Bearing Deposits 71,821,673 39,428,200
Total Deposits 81,006,539 43,430,652

Accrued Interest Payable and Other Liabilities 807,837 828,502
Total Liabilities 81,814,376 44,259,154

Stockholders' Equity
Common Stock 23,530,107 23,233,107
Accumulated Deficit (5,192,657 ) (3,297,540 )
Accumulated Other Comprehensive Loss (228,856 ) (73,592 )
Total Stockholders' Equity 18,108,594 19,861,975
Total Liabilities & Stockholders' Equity $ 99,922,970 $ 64,121,129

STELLAR BUSINESS BANK
Statement of Operations
(Unaudited)

January 1, 2009 January 1, 2008
thru June 30, 2009 thru June 30, 2008

Interest and Loan Fee Income $ 1,841,424 $ 1,473,998

Interest Expense (1,080,971 ) (656,228 )
Net Interest and Loan Fee Income 760,453 817,770

Provision for Loan Losses (300,701 ) (255,344 )
Net Interest Income after Provision for
Loan Losses 459,752 562,426

Gain on Sale of Available for Sale Security 861,986 0
Other Income 26,932 10,925

Operating Expenses (2,057,722 ) (1,704,422 )

Net Loss (Before Taxes) (709,052 ) (1,131,071 )

Income Taxes (800 ) 0

Net Loss (709,852 ) (1,131,071 )

Basic Loss Per Share ($0.31 ) ($0.49 )

Book Value Per Share $ 7.89 $ 8.65

Shares Outstanding 2,295,271 2,295,271

Stellar Business Bank
Timothy P. Walbridge
President & CEO
626-214-3040

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