Ojai Community Bank reports positive trends

August 31, 2011

Santa Paula News

Ojai Community Bank is pleased to share our continued progress in the second quarter of 2011 as we experience sustained profitability, improved credit quality and stable deposit levels.

The economy continues to be uncertain, and more market challenges may still lie ahead. We will continue to forge forward together to ensure proactive success.

Total assets of the Bank have grown slightly since the first of the year to approximately $125 million at June 30, 2011. Core earnings for the first six months were approximately $516 thousand, and after a loan loss provision expense of $350 thousand, our net income was $166 thousand for the first six months of 2011. We believe these metrics in the aggregate compare favorably to the first six months of 2010. Core earnings continue to be our focus in creating long term value.

The Bank has been working diligently to resolve issues and manage the loan portfolio. We partner with our customers to find mutually beneficial restructured payment plans and in many cases our borrowers were able to catch up and become current on their payments. This has resulted in significant progress in the credit administration area. Since December 31, 2010, the Bank has reduced its problem assets by 45%. We believe that the amount and speed in which we were able to decrease problem loans is significant and improves the overall risk profile of the Bank. Our liquidity remains high and our capital level is stable, providing a sound financial base. We do not, however, intend to rest on our laurels; our goal is for further improvement and growth over the months ahead.

We are proud to be here locally supporting our community and individual customers. Everyday, we hear stories about the struggles people are having with their finances and more impersonal financial institutions. We are grateful to our staff and directors who work very hard everyday to meet our customer’s needs. We take our role as a community leader seriously and we thank the community as a whole for working together in these challenging times. Not a day goes by that we are not focusing on creating value for our customers and shareholders. We look forward to continued improvement in the months and years ahead.

Ojai Community Bank was founded in 2005 by local business and community leaders with a dedication to making a difference; both to you, the customer, and to the communities we serve. The Bank operates branches in Ojai Community Bank and Santa Paula Community Bank in Ojai and Santa Paula respectively. The Bank provides financial services for individuals and businesses, offering its customers local perspective, personal service, and access to the decision makers, Ojai Community Bank stock is traded on the Over the Counter Bulletin Board (OTCBB); our Ticker Symbol is OJCB. For additional information, the Bank’s web sites are OjaiCommuntyBank.com and BankSantaPaula.com.

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.