PRESS RELEASE
Contact:   Roy Estridge, EVP/CFO
 
Valley Commerce Bancorp
 
(559) 622-9000

VALLEY COMMERCE BANCORP REPORTS 2010 RESULTS

VISALIA, California, January 28, 2011 —
Valley Commerce Bancorp, (OTCBB:  VCBP), a bank holding company and the parent company of Valley Business Bank, today announced fourth quarter 2010 net income of $764,000, or $0.25 per diluted common share.  This compared to a net loss of $2.1 million, or $0.84 loss per diluted common share, for the fourth quarter of 2009. For the year ended December 31, 2010 Valley Commerce Bancorp reported earnings of $2.2 million, or $0.68 per diluted common share, compared to a net loss of $587,000, or $0.36 loss per diluted common share, for 2009.

Allan W. Stone, President and Chief Executive Officer, remarked, “We are very pleased to report stronger earnings for 2010.  Our growth trends in earnings and capital continue to serve as pillars of strength while we and our customers continue to work through the economic challenges in Central California.  We believe the Bank is moving in the right direction and our management team is ready to capitalize on opportunities as they arise.  In comparison to our peer groups both locally and nationally you will find Valley Business Bank among the leaders for financial stability as evidenced by our 5 Star Bauer rating.  We look forward to continuing to meet the banking needs of our customers as well as providing our shareholders with a safe and sound investment.”

Comparison of December 31, 2010 to September 30, 2010

·  
Assets decreased $1.2 million or 0.3% to $341.4 million

·  
Net loans decreased $1.3 million or 0.6% to $234.3 million

·  
Allowance for loan losses (ALL) increased by $251,000 to $6.7 million; the ALL as percentage of total loans increased to 2.78% compared to 2.66%

·  
Non-performing loans as a percentage of total loans increased from 2.43% to 2.83%; non-performing assets as a percentage of total assets increased from 1.72 % to 2.00%

·  
Total deposits decreased $1.3 million or 0.4% to $294.3 million

·  
Shareholder’s equity increased by $230,000 or 0.6% to $38.7 million; the Total Risk-Based Capital Ratio increased from 17.1% to 17.5%.


Comparison of December 31, 2010 to December 31, 2009

·  
Assets increased $1.2 million or 0.4% to $341.4 million

·  
Net loans decreased by $519,000 or 0.2% to $234.3 million

·  
ALL increased by $468,000 to $6.7 million; the ALL as percentage of total loans increased to 2.78% compared to 2.58%

·  
Non-performing loans as a percentage of total loans decreased from 3.05% to 2.83%; non-performing assets as a percentage of total assets decreased from 2.16% to 2.00%

·  
Total deposits remained stable at approximately $294.3 million

·  
Shareholder’s equity increased by $1.9 million or 5% to $38.7 million; the Total Risk-Based Capital Ratio increased from 16.0% to 17.5%


 
 

The following information was filed by Valley Commerce Bancorp (VCBP) on Monday, January 31, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Valley Commerce Bancorp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Valley Commerce Bancorp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account