Bay Commercial Bank Reports First Quarter 2014 Results

Bay Commercial Bank Reports First Quarter 2014 Results

WALNUT CREEK, Calif., April 28, 2014 (GLOBE NEWSWIRE) -- Bay Commercial Bank
(OTCBB:BCML) (the "Bank") today announced its first quarter 2014 operating

The Bank reported total assets as of March 31, 2014 of $350.3 million
including loans outstanding of $266.6 million compared to March 31, 2013 total
assets of $310.9 million and total loans outstanding of $229.8 million. At
March 31, 2014, total deposits were $294.4million compared to total deposits
of $256.7 million at March 31, 2013.The Bank's net income for the first
quarter 2014 was $524,000 or income per share of $0.11 per share compared to
net operating income for the same period in 2013 of $631,000, or $0.13 per
share.The decrease of $107,000 in net operating income for the first quarter
2014 compared to the same period in 2013 was comprised primarily of the higher
loan loss provision and higher operating expenses partially offset by higher
net interest margin partially.Loan loss provision and operating expenses were
higher primarily due organic loan and deposit growth.

George J. Guarini, Chief Executive Officer of the Bank, stated "Our effort to
implement organic growth initiatives has been demonstrated in an increasing
trend in both loan and deposit balances. We will continue to execute on these
organic initiatives as we continue to look for growth opportunities through
mergers and external growth."

Guarini added, "We look forward to the closing of the merger with Community
Bank of San Joaquin and the opportunity to serve the San Joaquin community."

Bay Commercial Bank offers a full-range of loan, including SBA and USDA
guaranteed loans, and deposit products and services to businesses and their
affiliates throughout the Greater Bay Area. Bay Commercial Bank also offers
business escrow services and facilitates tax free exchanges through its
Bankers Exchange Division. Its full service branches in California are located
at 500 Ygnacio Valley Road, Walnut Creek; 155 Grand Avenue, Oakland; 3895 E.
Castro Valley Blvd, Castro Valley; 700 E. El Camino Mountain View; and 960
School Street, Napa. Bay Commercial Bank is a member of FDIC and is an Equal
Housing Lender. It is traded on the Over the Counter Bulletin Board under the
symbol BCML. The Bank can be found on the web at

The Bank has made forward-looking statements in this Press Release that are
subject to risks and uncertainties. Forward-looking statements include
information concerning the Bank's possible or assumed future results of
operations. Also, when the Bank uses such words as "believe," "expect,"
"anticipate," "plan," "could," "intend," or similar expressions, it is making
forward-looking statements.Readers should not place undue reliance on the
forward-looking statements, which reflect management's view only as of the
date hereof. The Bank's actual results could differ materially from those
expressed in any forward-looking statements as a result of certain factors,
including (1) changes in interest rates, (2) significant changes in banking
laws or regulations, (3) increased competition in the markets served by the
entities, (4) other-than-expected credit losses due to adverse changes in the
economy, (5) earthquake or other natural disasters impacting the condition of
real estate collateral, (6) unexpected difficulties in the post-merger
integration, and (7) legal, tax and accounting changes. The Bank undertakes no
obligation to publicly revise these forward-looking statements to reflect
subsequent events or circumstances.

Selected Financial Data                                  
March 31, 2014                                           
                          Quarter    Quarter    Year       Year
                          Ending     Ending     Ending     Ending
Balance Sheet              3/31/2014  3/31/2013  12/31/2013 12/31/2012
(dollars in thousands)                                   
Total Assets               $350,255 $310,855 $342,304 $316,583
Total Loans                266,618   229,837   254,178   227,492
Total Deposits             294,382   256,681   286,464   261,204
Shareholders' Equity       52,846    51,303    52,322    50,672
Operating Results                                        
(dollars in thousands)                                   
Interest income            $3,749   $3,464   $14,915  $14,727
Interest expense           527       532       2,080     2,354
Net interest income        3,222     2,932     12,835    12,373
Provision for loan losses  224       11        348       1,483
Non-interest income        164       166       628       738
Non-interest expense       2,268     2,012     8,526     7,782
Net Income before tax      894       1,075     4,589     3,846
Income tax                370       444       1,899     1,691
Net Income                 $524     $631     $2,690   $2,155
Ratios and Data                                          
Net interest margin        3.95%      3.83%      4.07%      4.34%
Efficiency ratio           67.0%      64.9%      63.3%      59.4%
Book value per share       $11.18   $10.62   $10.87   $10.49
Leverage capital ratio     15.1%      16.0%      15.7%      15.5%
Income per share - basic   $0.11    $0.13    $0.56    $0.45
Common stock               4,727,457 4,830,457 4,811,512 4,830,457
Income per share - diluted $0.11    $0.13    $0.54    $0.45
Common stock - diluted     4,742,907 4,845,907 4,971,213 4,839,157

CONTACT: Bay Commercial Bank, Walnut Creek, California
         Keary Colwell, 925-476-1800

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