Bank of Santa Claritas Earnings Continue to Grow Significantly

Bank of Santa Clarita (BSCA) today announced that for the second quarter
of 2018, earnings again reached record levels, as net earnings totaled
$867,000, a 91% growth over its earnings for the second quarter of 2017;
moreover, first half 2018 earnings totaled $1,476,000, 62% greater than
it recorded in the first half of 2017.

In reviewing operating results for the first half of 2018, the Bank
reported $4,543,000 of net interest income, representing a growth of 11%
over the first half of 2017. While a significant contributor to the
Bank’s growth in net earnings was the reduction in the Federal statutory
income tax rate, the Bank noted that pre-tax earnings for the first half
of 2018 exceeded pre-tax earnings during 2017’s first half by 36%.

The Bank reported total net loans of $222.6 million at June 30, 2018, an
increase of 3% over the total reported at the year-earlier date. The
Bank also noted that deposits totaled $247.4 million at June 30, 2018,
representing a growth rate of 4% over the year-earlier total. In
addition, the Bank continues to have excellent credit quality in its
loan portfolio, as it had only $12,000 of nonaccrual loans at June 30,
2018.

Frank Di Tomaso, Chairman of the Board and Chief Executive Officer,
commented “We are proud to announce another quarter of record operating
results, largely driven by continued healthy growth in loans and
deposits, and also due to maintaining a conservative credit culture
within the Bank. Specifically, Bank of Santa Clarita posted net earnings
for the first half of 2018 totaling $1.48 million, representing a 62%
year-over-year growth rate.” Mr. Di Tomaso added “This strong
performance is the result of our efforts to meet the banking needs of
our community while positioning the Bank for the effects of increasing
interest rates, and also changes in the regulatory environment.”

At June 30, 2018, shareholders’ equity totaled $31.1 million and the
Bank’s total capital ratio was 13.78%, significantly exceeding the “well
capitalized” level prescribed in the applicable capital regulations. The
Bank also continues to maintain substantial liquidity positions,
retaining significant balances of liquidity on its balance sheet as well
as readily available collateralized borrowings and other potential
sources of liquidity.

Founded in October 2004, Bank of Santa Clarita is the only full-service
commercial bank headquartered in the Santa Clarita Valley, and is
focused on the needs of the community and its businesses. We promote
face-to-face interaction with our clients, which in turn leads to deeper
relationships overall. The Bank provides local, experienced
decision-making and the personalized service that growing businesses
need on a daily basis. Bank clients have direct access to executive
management and experienced professional staff members to address their
credit requirements, from commercial lines of credit to SBA loans to
commercial real estate and other commercial loans, and also
technology-based services that include online bill-paying, remote
capture depositing, check imaging and initiating online wire transfers,
among other cash management facilities.

We are proud of the fact that Bank of Santa Clarita has served the Santa
Clarita Valley’s residents, including individuals, small businesses and
non-profit organizations, since 2004, and we truly appreciate the
relationships we’ve made with many of our neighbors, and invite any of
those in the community who do not yet know us well to visit us, and
together we can continue to build an even more vibrant and healthy
community.

Bank of Santa Clarita, Corporate Headquarters23780 Magic Mountain
ParkwaySanta Clarita, California 91355(661) 362-6000www.bankofsantaclarita.com

FORWARD LOOKING STATEMENTS

Certain matters discussed in this release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to the
Bank’s current expectations regarding deposit and loan growth, operating
results and the strength of the local economy. These forward-looking
statements are subject to certain risks and uncertainties that could
cause the actual results, performance or achievements to differ
materially from those expressed, suggested or implied by the
forward-looking statements. These risks and uncertainties include, but
are not limited to: the impact of changes in interest rates, a decline
in economic conditions and increased competition among financial service
providers as these factors may impact the Bank’s operating results, its
ability to attract deposit and loan customers, the quality of the Bank’s
earning assets and government regulation. The Bank does not undertake,
and specifically disclaims, any obligation to update any forward-looking
statements to reflect occurrences or unanticipated events or
circumstances after the date of such statements.

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