N@N

Security California Bancorp Earnings up 102% over Same Period Last Year

^{Published on 2011-07-27 18:01:13 - Market Wire}
 

RIVERSIDE, Calif.--([ BUSINESS WIRE ])--Security California Bancorp (aCompanya) (OTCBB: SCAF) and its wholly owned subsidiary, Security Bank of California (aBanka) announced its earnings for the second quarter of 2011. For the three months ended June 30, 2011, the Company reported net income of $618,585 or 9 cents per share, an increase of $218,276 or 54.5% over the results reported for the second quarter of 2010.

"Our performance during the first six months of 2011 is the result of our commitment to meet the banking needs of the business community within the markets we serve"

For the six months ended June 30, 2011, the Company reported net income of $1,212,332 or 18 cents per share, an increase of $613,420 or 102% over the $598,912 net income reported for the six months ended June 30, 2010.

These positive results included an increase of $25 million or 9.4% in loans and $19.4 million or 7.0% in deposits, over June 30, 2010 results.

The Companya™s Allowance for Loan and Lease Losses is $5.5 million or 1.89% of its Total Loan outstanding of $292.1 million. As of June 30, 2011, the Company has a Texas Ratio of 8.08%.

The Company remains well capitalized as of June 30, 2011 maintaining a Total Risk Based Capital Ratio of 20.56%.

aOur performance during the first six months of 2011 is the result of our commitment to meet the banking needs of the business community within the markets we serve,a commented James A. Robinson, Chairman and CEO of both the Bank and the Bank Holding Company. aWhile we are all aware of the ongoing economic challenges facing our nation and region, we have built a solid franchise with an exceptionally strong level of capital and are well positioned to maximize the opportunities our region will present.a

The Company also announced that it has been approved to participate in the U.S. Treasurya™s Small Business Lending Fund Program. This Fund, which was established by Congress, was designed to stimulate small business lending in order to help support economic expansion, by providing capital to qualified community banks.

Security Bank of California opened for business on June 20, 2005. The Bank offers personalized services and products to businesses and individuals through its three full service offices in Riverside, San Bernardino and Redlands.

Security California Bancorp is traded on the Over the Counter Bulletin Board under the symbol: SCAF.OB.

Visit us at [ www.securitybankca.com ]

Security California Bancorp
Security Bank of California

Forward Looking Statement Disclaimer -
General Form

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 Banka™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 managementa™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.