Valley Commerce Bancorp announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the period, the company reported total interest income of $3,463,034 against $3,734,186 a year ago. Income before provision for income taxes was $1,068,845 against $1,280,839 a year ago. Net income available to common shareholders was $742,845 or $0.26 per diluted share against $765,630 or $0.27 per diluted share a year ago. Return on average equity was 7.86% against 8.19% a year ago. Return on average assets was 0.83% against 0.98% a year ago. Book value per common share as on March 31, 2013 was $13.66 against $12.64 a year ago.

Valley Commerce Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported interest income of $3,659,000 compared to interest income of $3,874,000 for the same period a year ago. Net interest income was $3,406,000 compared to $3,557,000 last year. Income before income taxes was $794,000 compared to $1,157,000 last year. Net income was $642,000 compared to $793,000 last year. Net income available to common shareholders was $642,000 or $0.23 per basic and diluted share compared to $688,000 or $0.25 per basic and diluted share last year. Annualized return on average equity was 6.78% compared to 7.46% last year. Annualized return on average assets was 0.72% compared to 0.92% last year. For the year, the company reported interest income of $14,687,000 compared to interest income of $15,643,000 for the same period a year ago. Net interest income was $13,607,000 compared to $13,977,000 last year. Income before income taxes was $4,604,000 compared to $4,681,000 last year. Net income was $3,233,000 compared to $3,104,000 last year. Net income available to common shareholders was $3,140,000 or $1.12 per diluted share compared to $2,687,000 or $0.97 per basic and diluted share last year. Book value per common share was $13.46 compared to $12.50 per share last year. Annualized return on average equity was 8.47% compared to 7.63% last year. Annualized return on average assets was 0.92% compared to 0.90% last year. Net interest income decreased during the 2012 periods due to a decrease in the average balances and average yields of investment securities and loans offset by reduced cost of deposits.

Valley Commerce Bancorp’s common stock will be deleted from OTCBB, effective January 4, 2013 for filing of form 15 and termination of registration under the 34 act. The company will be added to NBB.