Businessweek

Pacific Valley Bank reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net income was $605,000 or $0.19 basic earnings per share as compared to the same quarter last year a net income of $310,000 or $0.09 basic earnings per share. Return on average assets (ROA) was 1.35%. Core earnings were $2.20 million, which is higher compared to $1.86 million for the same quarter a year ago. Interest income was $2.37 million as compared to $2.08 million in the same quarter a year ago. The increase in interest income is due in part to the recognition of $270,000 in interest income from a previously classified nonaccrual status loan that was paid off during the current quarter. Net interest income was $2,139,000 compared to $1,806,000 a year ago. Return on equity was 11.26% compared to 6.34% a year ago. Book value per share as at March 31, 2013 was $6.66 compared to $6.02 per share as at March 31, 2012.

Pacific Valley Bank reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the bank reported net income of $0.483 million or $0.15 basic earnings per share as compared to net income of $0.320 million or $0.10 basic earnings per share a year ago. Core earnings were $2.00 million, which is higher by comparison to $1.71 million for the same quarter a year ago. Interest income was $2.18 million compared to $2.11 million in the same quarter a year ago. Net interest income was $1.799 million against $1.926 million a year ago. Return on average assets was 1.11%. For the year, the bank reported net income was $1.91 million or $0.58 basic earnings per share as compared to net income of $1.20 million or $0.37 basic earnings per share. Core earnings were $7.88 million as compared to $7.24 million a year ago. Interest income was $8.49 million compared to $8.27 million a year ago. Net interest income was $6.992 million against $7.461 million a year ago. Book value per share was $6.48. Return on average assets was 1.12%.

Pacific Valley Bank announced the appointment of Robert C. Navarrete as Executive Vice President and Chief Credit Officer. Navarrete was most recently Chief Credit Officer for Trans Pacific National Bank in San Francisco and prior to that, Chief Credit Officer with Global Trust Bank in Mountain View.

Pacific Valley Bank reported earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported interest income of $2.160 million compared to $2.054 million a year ago. Net interest income was $1.906 million compared to $1.738 million a year ago. Net income was $677,000 compared to $257,000 a year ago. Return on average assets was 1.55%. Core earnings of the Bank were $2.08 million, which is higher by comparison to $1.78 million for the same quarter a year ago. For nine months, the company reported interest income of $6.167 million compared to $6.315 million a year ago. Net interest income was $5.194 million compared to $5.535 million a year ago. Net income was $879,000 compared to $1,422,000 a year ago. Return on assets was 0.69% compared to 1.55% a year ago. Return on equity was 6.24% compared to 9.15% a year ago. Earnings per share was $0.27 compared to $0.43 a year ago. Book value per share was $5.84 compared to $6.35 a year ago. The core earnings were $5.88 million as compared to the same period ending September 30, 2011 when the core earnings were $5.53 million.

Pacific Valley Bank announced that they will report Q2, 2013 results on Nov 07, 2012