Northern California National Bank Announces 2018 End-of-Year Results Other OTC: NCNB

CHICO, Calif., January 19, 2019 (GLOBE NEWSWIRE) – The National Bank of Northern California (NCNB) reported net income of $ 2,293,000 for the year ended December 31, 2018, compared to 1,615,000 USD for FY 2017. This represents a 42% increase in net income compared to the year ended December 31, 2017. Fiscal year-end net income before 2018 is expected amounted to $ 3,135,000, an increase of 14% from $ 2,742,000 in fiscal 2017.

Financial Highlights for the Fiscal Year Ending December 31, 2018

• Total badets amounted to $ 244.8 million as at December 31, 2018, an increase of 10% over the balance of $ 222 million as of December 31, 2017.
• Gross loans totaled $ 104 million, up 7% from $ 97.3 million last year.
• Deposits increased 10% to $ 223 million as at December 31, 2018 compared to a balance of $ 202 million in 2017.
• Shareholders' total equity increased from $ 19.7 million as at December 31, 2017 to $ 21.5 million in 2018.
• The book value per common share was $ 15.05 as at December 31, 2018, compared to $ 13.89 as at December 31, 2017.
• The allowance for loan losses was $ 1.6 million at the end of the fiscal year in 2018, compared with $ 1.251 million at the end of the fiscal year in 2017.
• The quality of the Bank's badets remains extremely good, is considered well capitalized and exceeds regulatory capital requirements.

"We are very pleased to report our results of operations for the year ended December 31, 2018. The Bank continues to perform well with a sharp increase in net income and strong growth in loans and deposits. Said Todd Lewis, President / CEO. "2018 has been a very difficult year for our community, and we look forward to supporting the community in a variety of ways to help restore the campfire, our community, our customers, our employees, our board members, and our community. shareholders, contributes to our success. "

Located at the corner of 7th Avenue and Mangrove, the Northern California National Bank is a locally owned and operated bank that has been serving the needs of businesses and individuals in Northern California since March 2006. The bank has a branch office. full service in Chico, California, and a loan. Production office in Sacramento, California. For more information, call (530) 879-5900 or visit the website at the address www.norcalbank.com.

Todd Lewis
President and CEO
National Bank of Northern California
(530) 899-4214