Sierra Vista Bank (fka SVBA)

[Renee]

SVBA: Cash/Stock merger; SVBA acquired by Central Valley Community Bancorp (NASDAQ: CVCY); for every 1 share of SVBA, shareholder have the right to receive a) 0.4211 shares of CVCY b)$5.20 in cash or c) a combination of both; if a shareholder chooses c), the final mixed consideration amount is 0.2442 shares of CVCY & $2.18 in cash per share; shareholders’ elections are subject to proration based on the limitation that the merger consideration will be comprised of an aggregate of 58% stock and 42% cash

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[56Chevy]

Wow. Very nice. Congratulations TAM...on to the next!

Sierra Vista Bank (c (SVBA)
$5.00 up 0.75 (17.65%)
Volume: 4,770

[Enterprising Investor]

Another Taylor Asset Management investment is acquired.

[norweger1979]

Central Valley Community Bancorp to Acquire Sierra Vista Bank

Company Release - 4/29/2016 8:50 AM ET


FRESNO, CA and SACRAMENTO, CA -- (Marketwired) -- 04/29/16 -- Central Valley Community Bancorp (Company, together with its wholly owned subsidiary, Central Valley Community Bank (Bank)) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and Sierra Vista Bank (OTCBB: SVBA), headquartered in Folsom, California, jointly announced today that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Sierra Vista Bank, with three full service branches located in Folsom and Fair Oaks (Sacramento County), and Cameron Park (El Dorado County), will merge with Central Valley Community Bank. The transaction is subject to customary closing conditions, including regulatory approvals and Sierra Vista Bank shareholder approval. The Central Valley Community Bancorp and Sierra Vista Bank Boards of Directors have approved the transaction, which is expected to close in the fourth quarter of 2016.

As more fully described in the definitive merger agreement and investor presentation attached, Sierra Vista Bank shareholders will be entitled to receive cash and shares of Central Valley Community Bancorp stock, subject to certain adjustments described in the definitive merger agreement including if options or warrants are exercised prior to close. Sierra Vista Bank shareholders may elect to receive cash, Central Valley Community Bancorp stock, or a combination of both, subject to proration. Based on the closing price of Central Valley Community Bancorp on Thursday, April 28, 2016, the transaction, including redemption of certain outstanding Sierra Vista Bank securities immediately prior to the closing, would have a value of $24.0 million, or $5.22 per Sierra Vista Bank common share. However, the deal value will fluctuate with changes in Central Valley Community Bancorp's stock price through the closing date.

The Central Valley Community Bancorp Board of Directors and the Central Valley Community Bank Executive Management team, led by James M. Ford, President and CEO, will continue to lead the combined team of professional bankers. Gary D. Gall, President, CEO and Director of Sierra Vista Bank, will join Central Valley Community Bancorp's Board of Directors upon completion of the acquisition. This merger with Sierra Vista Bank will become the fourth acquisition for Central Valley Community Bancorp, which acquired Visalia Community Bank on July 1, 2013, Service 1st Bancorp and its subsidiary Service 1st Bank on November 12, 2008, and Bank of Madera County on January 1, 2005.

As of March 31, 2016, on a pro forma consolidated basis with Sierra Vista Bank, Central Valley Community Bancorp would have had approximately $1.5 billion in total assets, with 23 branches throughout California's San Joaquin Valley.

"Sierra Vista Bank's community banking culture, leadership and dedication to supporting small businesses and the greater Sacramento region mirrors the values that Central Valley Community Bank has lived by for the past 36 years. Once completed, the merger will complete another step in our long-term strategy to increase our northern Valley presence which began 14 years ago in Sacramento County's Gold River business community," stated James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.

"By combining our two great banks we believe our growth will enhance opportunities for businesses, customers, employees, the community and our Bank," concluded Ford.

"Sierra Vista Bank was founded nine years ago with the goal to bring true community banking to the Folsom area by offering a financial partnership for small businesses and to help grow the local economy. Merging with Central Valley Community Bank will allow our customers and other small businesses within the region to grow and expand with a banking partner whose values and dedication to businesses, customer service and the community so closely match our own," stated Gary Gall, President and CEO of Sierra Vista Bank.

"Central Valley Community Bank has grown profitably and sensibly over the past three decades. Their quality business reputation, character and leadership are well-known within the financial industry. More importantly, their team of banking professionals, like ours, live, work and actively serve their community by investing their time, financial expertise and business advocacy to help each region thrive," concluded Gall.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY and as of March 31, 2016 has reported assets of over $1.2 billion. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates 20 full service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy, and Visalia, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Central Valley Investment Services are provided by Investment Centers of America, Inc.

Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Lead Independent Director), Edwin S. Darden, Jr., F. T. "Tommy" Elliott, IV, James M. Ford, Steven D. McDonald, Louis McMurray, William S. Smittcamp, and Joseph B. Weirick. Wanda L. Rogers and Sidney B. Cox are Founding Directors Emeriti. More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

Sierra Vista Bank, headquartered in Folsom, California, reported assets of $156,117,000 as of March 31, 2016. Sierra Vista Bank, founded in 2007, operates three full service branch offices in Folsom, Cameron Park and Fair Oaks. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com.

Central Valley Community Bancorp received a fairness opinion from Keefe, Bruyette & Woods, Inc., and Downey Brand LLP served as legal advisor. Sierra Vista Bank received advisory service and a fairness opinion from Sandler O'Neill + Partners, LP, and its legal counsel was Manatt, Phelps & Phillips, LLP.

ATTACHMENTS:
•Investor Presentation - Acquisition of Sierra Vista Bank
•Central Valley Community Bancorp logo

Forward-looking Statements- Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Company's current business strategy and the Company's plans for future development and operations, are based upon current expectations. These statements are forward-looking in nature and involve a number of risks and uncertainties. Such risks and uncertainties include, but are not limited to (1) significant increases in competitive pressure in the banking industry; (2) the impact of changes in interest rates, a decline in economic conditions at the international, national or local level on the Company's results of operations, the Company's ability to continue its internal growth at historical rates, the Company's ability to maintain its net interest margin, and the quality of the Company's earning assets; (3) changes in the regulatory environment; (4) fluctuations in the real estate market; (5) changes in business conditions and inflation; (6) changes in securities markets; (7) the risk that the merger might, for any reason, not occur, and (8) the other risks set forth in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.

Central Valley Community Bancorp will file a registration statement with the SEC, including a proxy statement/prospectus and other relevant documents concerning the proposed transaction. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. After it is filed with the SEC, the proxy statement/prospectus will be available for free, both on the SEC website (http://www.sec.gov) and from Central Valley Community Bancorp and Sierra Vista Bank.

PDF Attachment Available: http://media.marketwire.com/attachments/201604/96192_CVCY_SVBA-InvestorPresentation_FINALFINAL_April292016.pdf

Source: Central Valley Community Bancorp

http://ir.cvcb.com/file/Index?KeyFile=34089884

[BigCat]

They Finally came off 0 Chev!

[56Chevy]

Assets, Deposits and Loans have all gone up significantly YoY.

How healthy is this bank? very.

http://banktracker.investigativereportingworkshop.org/banks/california/folsom/sierra-vista-bank/

Marker:
Sierra Vista Bank (c (SVBA)
$3.85 up 0.15 (4.05%)
Volume: 500

[norweger1979]

Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results
5 days 21 hours 56 minutes ago - DJNF

Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results
FOLSOM, CA--(Marketwired - Oct 20, 2015) - Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 3(rd) Quarter of 2015 totaled $296,000 compared to $166,000 for the same quarter a year ago, an increase of 78.3%. Year to date Pre-tax income for 2015 totaled $716,000 compared to $696,000 for the first nine months of 2014. The Bank opened its third branch in Fair Oaks at the end of June 2014, which initially had a negative impact on earnings. The Bank has been able to realize the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just fifteen months of operations, the Fair Oaks office has reached $25.4 million in deposits.

Net income for the 3(rd) Quarter of 2015 totaled $173,000, compared to net income of $90,000 for the same period a year ago, an increase of 92.2%. This also represented an increase of 31.1% over the $132,000 in net profits made in the 2(nd) Quarter of 2015. Net income year to date was $418,000, compared to $388,000 for the first nine months of 2014, an increase of 7.7%.

The Bank's total assets grew $7.4 million during the 3(rd) Quarter 2015 and $27.1 million over the last year to a total of $148.4 million, representing a 22.3% increase over the previous year. Loans increased $12.3 million in the 3(rd) Quarter to $112.6 million, an increase of 12.2% during the quarter and 30.9% over the past year. Total deposits increased $4.1 million in the 3(rd) Quarter and $23.5 million over the last year to $127.0 million, a 22.7% increase over September 30, 2014. The 3(rd) Quarter 2015 financial results are preliminary and unaudited. "It is great to experience both loan and deposit growth that is getting stronger and stronger," stated Gary D. Gall, President/CEO. "It is having a significant impact on our earnings stream."

Net interest income for the first 9 months of 2015 totaled $4,037,000 compared to $3,555,000 in the first 9 months of 2014, an increase of 13.6%. Sierra Vista Bank continues to show a strong net interest margin which equaled 4.24% for the 3(rd) Quarter 2015, with a yield on earning assets of 4.53% and a total cost of funds of 0.31%. Non-interest bearing deposits totaled $39.0 million as of the end of the 3(rd) Quarter 2015, an increase of 37.6% over the same point last year. Non-interest bearing deposits ended the quarter at 30.7% of total deposits. "The Bank is pleased with the increase in core non-interest bearing deposits and will continue to focus on growth in that area," stated Lesa Fynes, EVP/CFO.

Non-interest income totaled $151,000 for the quarter, representing an increase of 22.8% over the same period in 2014.

Capital levels at September 30, 2015 remain above the regulatory "well-capitalized" minimum levels:

-- The Tier 1 Leverage ratio: 12.12%



-- The Common Equity Tier 1 Capital ratio: 14.84%



-- The Tier 1 Capital ratio: 14.84%



-- The Total Capital ratio: 16.09%

The Bank experienced growth of $1.3 million in Shareholders' Equity to a total of $17.5 million during the 12 months since September 30, 2014.

Credit quality continued to improve during the quarter. The Bank passed $30,000 in provisions for loan losses during the 3(rd) Quarter of 2015 due to loan growth. The allowance for loan losses equaled 1.35% of total loans as of September 30, 2015. Non-performing assets continued to decline, totaling $931,000 as of September 30, 2015, compared to $1.0 million for the same period last year. Non-performing loans to total loans as a ratio decreased to .53% at quarter end, compared to 1.18% on September 30, 2014.

About Sierra Vista Bank

Sierra Vista Bank is a locally owned community bank, headquartered at 1710 Prairie City Road in Folsom, California since March 2007. The Bank has a branch located in the Sam's Town Center in Cameron Park, and opened its newest branch in Fair Oaks Village in June 2014. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

Forward Looking Statement:

In addition to historical information, this press release may contain forward looking statements, such as, among others, statements about plans, expectations and goals concerning future growth and performance. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent periods or years to differ materially from those indicated. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

[56Chevy]

There's not one thing about this 2nd qtr financial report to complain about EI... in fact I would say its' exemplary. A+

I'm especially impressed with the continuance of a high NIM [4.23%].

Marker:
Sierra Vista Bank (c (SVBA)
$3.62 0.0 (0.00%)
Volume: 0

[Enterprising Investor]

Sierra Vista Bank Reports 2nd Quarter 2015 Financial Results (7/28/15)

FOLSOM, CA--(Marketwired - Jul 28, 2015) - Sierra Vista Bank (OTCQB: SVBA) today reported net income for the 2nd Quarter of $132,000, compared to net income of $122,000 for the same period a year ago, representing an increase of 8.2%. This also represented an increase of 16.8% over the $113,000 profit made in the 1st Quarter of 2015. Net income year to date was $245,000, compared to $298,000 for the first half of 2014. Earnings for the first half of 2015 were impacted by the opening of the Bank's 3rd branch in June 2014 as well as the current interest rate environment. The Bank is pleased to report that our Fair Oaks office has shown significant growth in its first twelve months of operation and ended the quarter with over $22.1 million in deposits.

The Bank's total assets grew $4.1 million during the 2nd Quarter 2015 and $26.5 million over the last year to a total of $141.0 million, representing a 23.2% increase over the previous year. Loans increased $8.6 million in the 2nd Quarter to $100.3 million, an increase of 9.3% during the quarter and 24.4% over the past year. Total deposits increased $3.8 million in the 2nd Quarter and $25.9 million over the last year to $122.9 million, a 26.7% increase over June 30, 2014. The Bank ended the quarter without any borrowings. The 2nd Quarter 2015 financial results are preliminary and unaudited. "We are very pleased with our solid growth in core deposits and loans resulting in a strong net interest margin which ranks at the top of the Bank's peer group," stated Gary D. Gall, President/CEO.

Sierra Vista Bank continues to show a strong net interest margin which equaled 4.23% for the 2nd Quarter 2015, with a yield on earning assets of 4.53% and a total cost of funds of 0.33%. Non-interest bearing deposits totaled $36.1 million as of the end of the 2nd Quarter 2015, an increase of 42.0% over the same point last year. "This has made a significant contribution to our net interest income which will continue to have a positive impact on earnings," stated Lesa Fynes, EVP/CFO. "Non-interest bearing deposits ended the quarter at 29.4% of total deposits as the Bank remains focused on growing its core business."

Non-interest income totaled $134,000 for the quarter representing an increase of 76.3% over the same period in 2014.

Capital levels at June 30, 2015 remain above the regulatory "well-capitalized" minimum levels:

•The Tier 1 Leverage ratio: 12.59%

•The Common Equity Tier 1 Capital ratio: 15.92%

•The Tier 1 Capital ratio: 15.92%

•The Total Capital ratio: 17.17%

Credit quality continued to improve during the quarter. The Bank passed $15,000 in provisions for loan losses during the 2nd Quarter of 2015 due to our loan growth. The allowance for loan losses equaled 1.44% of total loans as of June 30, 2015. Non-performing assets continued to decline, totaling $946,000 as of June 30, 2015, compared to $1.1 million for the same period last year. Non-performing loans to total loans as a ratio decreased to .94% at quarter end, compared to 1.35% on June 30, 2014.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank, headquartered at 1710 Prairie City Road in Folsom, California since March 2007. The Bank has a branch located in the Sam's Town Center in Cameron Park, and opened its newest branch in Fair Oaks Village in June 2014. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwired.com/press-release/sierra-vista-bank-reports-2nd-quarter-2015-financial-results-otcqb-svba-2042749.htm

[56Chevy]

Waiting on the Fed

Bankers prepare for rising rates but wonder when the Fed will pull the trigger

http://issuu.com/banking-exchange/docs/may_2015_banking_exchange

Marker:
Sierra Vista Bank (c (SVBA)
$3.75 0.0 (0.00%)
Volume: 0

*Good read

[56Chevy]

Sierra Vista Bank Reports 1st Quarter 2015 Financial Results – Deposits Surge

FOLSOM, CALIFORNIA, April 30, 2015 - Sierra Vista Bank (OTCBB: SVBA) today reported net income for the 1st Quarter of $113,000, compared to net income of $176,000 for the same period last year. Earnings for the 1st Quarter 2015 were impacted by the opening of the Bank’s 3rd branch in June 2014 as well as the current interest rate environment.

Total assets grew $15.2 million during the 1st Quarter 2015 to $136.9 million, representing a 12.5% increase over the previous quarter and a 30.7% increase over the previous year. Loans increased $6.2 million in the first three months of 2015 to $91.7 million, an increase of 7.2% during the 1st Quarter and 20.6% over the past year. Total deposits increased $15.5 million in the 1st Quarter to $119.1 million, a 15.0% increase over the year-end level. This represented a very significant increase of 37.4% over the past year. The Bank ended the quarter without any borrowings. The 1st Quarter 2015 financial results are preliminary and unaudited. “We are very pleased with the strong growth in core deposits. The Bank continues to experience improvement in our deposit mix resulting in a lower overall cost of funds” stated Gary D. Gall, President/CEO.

Sierra Vista Bank continued to show a strong net interest margin of 4.36% for the 1st Quarter 2015, with a yield on earning assets of 4.67% and a total cost of funds of 0.33%. “The Bank’s growth in the 1st Quarter of 2015 in non-interest bearing accounts totaled $6.3 million to $36.6 million. This made a significant contribution in maintaining our strong net interest margin”, stated Lesa Fynes, EVP/CFO. “Non-interest bearing deposits ended the Quarter at 30.8% of total deposits as the Bank remains focused on growing its core business.”

Capital levels at March 31, 2015 remain above the regulatory “well-capitalized” minimum levels:
- The Tier 1 Leverage Capital ratio: 13.25%
- The Tier 1 Risk Based Capital ratio: 16.79%
- The Total Risk Based Capital ratio: 18.04%

Due to continued improvement in credit quality, the Bank did not pass a provision for loan losses in the 1st Quarter of 2015. The allowance for loan losses was 1.54% of total loans as of March 31, 2015. Nonperforming assets continued to decline, totaling $971,000 as of March 31, 2015, compared to $1.1 million at the same point last year. Non-performing loans to total loans as a ratio decreased to 1.06% at March 31, 2015 compared to 1.46% on March 31, 2014. All non-accruing loans are paid current under their original terms or are paying as agreed under forbearance agreements.

https://www.sierravistabank.com/Default.aspx

*NIM is very good going forward.

Marker;
Sierra Vista Bank (c (SVBA)
$3.85 0.0 (0.00%)
Volume: 0

[TRAPPER JIM]

Sierra Vista Bank Reports Record 2014 Results

http://www.marketwired.com/press-release/sierra-vista-bank-reports-record-2014-results-otcbb-svba-1988069.htm

FOLSOM, CA--(Marketwired - Feb 2, 2015) - Sierra Vista Bank (OTCBB: SVBA) today reported pre-tax earnings of $844,000 for the year 2014, a 25.8% increase over 2013 pre-tax income of $671,000. Pre-tax earnings for the 4th Quarter 2014 of $148,000 were impacted by the opening of the Bank's 3rd branch in June 2014 and were $72,000 or 32.7% lower than 4th Quarter 2013 pre-tax earnings totaling $220,000. The Bank reported year to date net income of $475,000 as of December 31, 2014, and net income of $87,000 for the 4th Quarter of 2014.

Total assets grew $20.0 million in 2014 to $121.7 million, representing a 19.6% increase over the previous year. Loans increased $7.6 million in 2014 to $85.6 million, an increase of 9.7% over the last year. Total deposits increased $20.0 million in 2014 to $103.5 million, a 23.9% increase over the prior year-end. The 2014 financial results are preliminary and unaudited. "We are very pleased with the excellent core growth the Bank continues to experience," stated Gary D. Gall, President/CEO.

Sierra Vista Bank continued to show a strong net interest margin of 4.50% for the 4th Quarter 2014, with a yield on earning assets of 4.83% and a total cost of funds of 0.35%. "The Bank's growth in 2014 of non-interest bearing accounts totaling $5.0 million to $30.3 million at year-end 2014 helped the Bank maintain our strong net interest margin," stated Lesa Fynes, EVP/CFO. "Non-interest bearing deposits ended the year at 29.2% of total deposits and the Bank remains focused in growing these core deposits."

Capital levels at December 31, 2014 remain above the regulatory "well-capitalized" minimum levels:
•The Tier 1 Leverage Capital ratio: 13.47%
•The Tier 1 Risk Based Capital ratio: 18.59%
•The Total Risk Based Capital ratio: 19.85%



Due to continued improvement in credit quality, the Bank did not pass a provision for loan losses in 2014. The allowance for loan losses was 1.64% of total loans at December 31, 2014. Non-performing assets continued to decline, totaling $995,000 at the end of 2014 compared to $1.1 million at the end of 2013. Non-performing loans to total loans as a ratio decreased to 1.16% at December 31, 2014 compared to 1.46% on December 31, 2013. All non-accruing loans are paid current under their original terms or are paying as agreed under forbearance agreements.

[56Chevy]

Sierra Vista Bank Reports Earnings Growth of 54% through 9 Months of 2014

FOLSOM, CALIFORNIA, November 3, 2014 - Sierra Vista Bank (OTCBB: SVBA) today reported pre- tax earnings of $696,000 for the nine month period ending September 30, 2014, a 54.3% increase over the same nine month period in 2013 of $451,000. Pre-tax earnings for the 3rd Quarter 2014 totaling $166,000 were impacted by the opening of the Bank’s 3rd branch in June 2014. The 3rd Quarter 2014 earnings were $12,000 or 6.7% lower than 3rd Quarter 2013 adjusted pre-tax earnings totaling $178,000 (adjusted for a one time $50,000 gain). The Bank reported year to date net income of $388,000 as of September 30, 2014, and net income of $90,000 for the 3rd Quarter of 2014. Total assets grew $6.9 million or 6.0% in the 3rd Quarter of 2014 to $121.4 million, representing a 31.7% increase over one year ago. Loans increased $5.4 million or 6.6% during the 3rd Quarter to a total of $86.0 million, an increase of 24.9% over the last year. Total deposits increased $6.6 million or 6.8% to $103.5 million during the Quarter, 28.4% higher than one year ago. The 2014 financial results are preliminary and unaudited. “The Bank experienced strong growth in the 3rd Quarter 2014 as we continued to expand our market share” stated Gary D. Gall, President/CEO. “The opening of our 3rd branch in Fair Oaks Village in late June 2014 has been met with excellent results.” Sierra Vista Bank continued to show a strong net interest margin of 4.28% for the 3rd Quarter 2014, with a yield on earning assets of 4.64% and a total cost of funds of 0.38%. “Although the interest rate environment remains challenging, the Bank continues to show a strong earning asset yield and low cost of funds”, stated Lesa Fynes, EVP/CFO. “While we have experienced some net interest margin compression, we believe the Bank’s interest margin will continue to outperform peers.”

[....]

Capital levels at September 30, 2014 remain above the regulatory “well-capitalized” minimum levels:

The Tier 1 Leverage Capital ratio: 13.54%
The Tier 1 Risk Based Capital ratio: 18.57%
The Total Risk Based Capital ratio: 19.83%

Tangible Book Value: $4.04

http://www.sierravistabank.com/news.html

Marker:
Sierra Vista Bank (c (SVBA)
$4.40 0.0 (0.00%)
Volume: 0

*Superb Q3 Report!

[56Chevy]

Folsom is Northern California's No. 2 city for young families, study says

Oct 31, 2014

A list of Northern California's best places for young families includes five locations in the Sacramento region.

The list was released this week by personal finance website NerdWallet. It features Folsom at No. 2, Rocklin at No. 5, El Dorado Hills at No. 7, Roseville at No. 8 and Granite Bay at No. 9.

To create the rankings, NerdWallet evaluated 138 places in Northern and Central California based on data from sources such as GreatSchools and the U.S. Census Bureau. It considered factors including the quality of public schools, home affordability and economic growth and prosperity.

[....]

http://www.bizjournals.com/sacramento/news/2014/10/31/folsom-is-northern-californias-no-2-city-for-young.html

Marker:
Sierra Vista Bank (c (SVBA)
$4.70 0.0 (0.00%)
Volume: 0

[Enterprising Investor]

Sierra Vista Bank Reports Record Earnings in 1st Quarter 2014 (4/22/14)

FOLSOM, CA--(Marketwired - Apr 22, 2014) - Sierra Vista Bank (OTCQB: SVBA) today reported record pre-tax earnings of $310,000 which represented an increase of 496% from the $52,000 earned in the 1(st) Quarter of 2013. After tax earnings equaled $176,000. Earnings per share rose to 0.04c for the 1(st) Quarter 2014.

Total assets for the Quarter ended at $104.8 million, an increase of 23% over the $85.5 million in assets as of March 31, 2013. Loans increased 19% ending the Quarter at $76.1 million. Deposits for the last 12 month period increased $12.5 million or 17%. The Bank's ratio of non-interest bearing deposits to total deposits remained strong at 28.0%. The 2014 financial results are preliminary and unaudited.

The Bank continued to show a strong net interest margin of 4.77% for the 1(st) Quarter 2014, with a yield on earning assets of 5.09% and a total cost of funds of 0.36%. "Sierra Vista Bank continues to experience strong growth and market expansion. We are experiencing an excellent response to our business model of excellence in service and community support," stated Gary D. Gall, President & CEO.

Due to significant improvement in credit quality, the Bank did not need to pass any provision for loan losses for the 1(st) Quarter of 2014, compared to $70,000 in provision expense in the 1(st) Quarter of 2013. The allowance for loan losses equaled 1.92% of total loans at March 31, 2014.

Capital levels increased and remain well above the regulatory "well-capitalized" minimum levels:
-- The Tier 1 Leverage Capital ratio improved to 15.13% as of March 31,
2014, compared to 11.95% as of March 31, 2013.

-- The Tier 1 Risk Based Capital ratio improved to 20.55% as of March 31,
2014, compared to 15.24% as of March 31, 2013.

-- The Total Risk Based Capital ratio improved to 21.81% as of March 31,
2014, compared to 16.50% as of March 31, 2013.

Non-performing assets including loans classified as non-accrual totaled $1.1 million at the end of March 2014 compared to $3.8 million at the end of March 2013. Non-performing loans to total loans as a ratio decreased substantially from 3.49% on March 31, 2013 to 1.46% on March 31, 2014. All non-accruing loans are paid current under their original terms or are paying as agreed under forbearance agreements.

About Sierra Vista Bank

Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://online.wsj.com/article/PR-CO-20140422-904289.html

[Enterprising Investor]

Sierra Vista Bank Announces Location of Its Third Branch (4/16/14)

FOLSOM, CA--(Marketwired - Apr 16, 2014) - Sierra Vista Bank (OTCQB: SVBA), which is headquartered in Folsom, California, announced today its plans to open their third full service banking branch in Fair Oaks Village, Fair Oaks, California.

The Bank initially opened its Folsom branch in March 2007, followed by its Cameron Park branch in November 2008, and now enthusiastically looks forward to be able to serve the financial needs of the individuals and businesses in the Fair Oaks community. The Bank believes the new branch will provide a good base for deposit and loan growth.

Sierra Vista Bank experienced significant growth in 2013 with assets growing 29% to $102 million at December 31, 2013. "The Bank has positioned itself for market expansion," stated Gary Gall, President and CEO, "and we look forward to the opportunity to become a part of the Fair Oaks community."

Subject to regulatory approval, the Bank expects to open its new location at 10123 Fair Oaks Boulevard in July of this year.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwatch.com/story/sierra-vista-bank-announces-location-of-its-third-branch-2014-04-16?reflink=MW_news_stmp

[Enterprising Investor]

TBV is now $3.94 at 12/31/13

[56Chevy]

Sierra Vista Bank Reports Record 2013 Results

Bang!

Sierra Vista Bank (c (SVBA)
$3.40 up 0.5 (17.24%)
Volume: 3,500

FOLSOM, CA--(Marketwired - Jan 30, 2014) - Sierra Vista Bank (OTCQB: SVBA) today reported net income of $4.7 million and pre-tax earnings of $671,000 for the year 2013. This makes 2013 the best performing year since the Bank opened in 2007, and compares to a loss of ($485,000) in the previous year. The Bank was able to realize a one time accounting adjustment to its deferred tax valuation allowance of approximately $4.0 million during the year. The increase in core earnings to $671,000 is reflective of significant growth, a strong net interest margin, operational efficiencies, as well as continued improvement in the Bank's loan portfolio.

Net income for the 4th quarter of 2013 totaled $4.2 million, and pre-tax income totaled $220,000, an increase of 479% compared to pre-tax income of $38,000 in the 4th quarter of 2012. The Bank reported earnings per share of $1.25 for the year 2013 compared to a loss of ($.20) per share in 2012. Earnings per share for 2013 without the benefit of the deferred tax adjustment totaled $.18, compared to a loss of ($.20) in 2012.

Assets grew $23.0 million or 29.1% ending 2013 at $101.7 million compared to $78.8 million at year end 2012. Total loans increased 27.8% to $78.0 million at December 31, 2013 compared to $61.0 million at December 31, 2012. Deposits grew $17.6 million in 2013 to a total of $83.6 million compared to $66.0 million at the end of 2012.

"We are very pleased with the significant improvement in the operating results for 2013" stated Gary D. Gall, President/CEO, "the great efforts of our professional team have paid off in a big way and have positioned us for future growth".

Financial Highlights (at or for the year ended December 31, 2013)

The net interest margin was 4.99% at December 31, 2013

Non-interest bearing deposits represented 30.3% of total deposits
Capital levels increased and remain well above the regulatory "well-capitalized" minimum levels:

The Tier 1 Leverage Capital ratio increased to 16.63% compared to 12.48% as of December 31, 2012.

The Tier 1 Risk Based Capital ratio improved to 19.98% compared to 15.92% as of December 31, 2012.

The Total Risk Based Capital ratio improved to 21.24% compared to 17.19% as of December 31, 2012.

Non-performing assets as a percent of total assets were 1.12%. compared to 5.14% at December 31, 2012

The Bank had no OREO at December 31, 2013 compared to $1.6 million at December 31, 2012

[....]

http://ih.advfn.com/p.php?pid=nmona&article=60853479

*Congratulations are in order to the bank and its management team. They fought the good fight and prevailed!

[56Chevy]

Marker:

Sierra Vista Bank (c (SVBA)
$2.75 / 0.0 (0.00%)
Volume: 0

TBV is $2.89

[Enterprising Investor]

Sierra Vista Bank Reports Record 3rd Quarter 2013 Results (10/21/13)

FOLSOM, CA--(Marketwired - Oct 21, 2013) - Sierra Vista Bank (OTCQB: SVBA) today reported a 235% increase in 3rd quarter 2013 earnings of $228,000, or $0.06 per share compared to earnings of $68,000 or $.03 per share in the three months ending September 30, 2012.

Year to date 2013 earnings totaled $451,000 or $0.12 per share compared to a loss of ($524,000) or ($0.24) per share for the same period a year earlier.

"The improved earnings reflect a strong net interest margin, improved asset quality, and solid growth," stated Gary D. Gall, President/CEO.

Financial Highlights (at or for the quarter ended September 30, 2013)

•The net interest margin was 5.06% versus 4.93% the year earlier period.

•Non-interest bearing deposits represented 30.2% of total deposits.

•Capital levels increased and remain well above the regulatory "well-capitalized" minimum levels:

The Tier 1 Leverage Capital ratio increased to 12.80% compared to 12.16% as of September 30, 2012.

The Tier 1 Risk Based Capital ratio improved to 16.83% compared to 15.66% as of September 30, 2012.

The Total Risk Based Capital ratio improved to 18.09% compared to 16.92 as of September 30, 2012.

•Non-performing assets as a percent of total assets were 1.98%.

•The Bank had no OREO at quarter end

Total assets increased 18.3% to $92.2 million at September 30, 2013, compared to $77.9 million at September 30, 2012. Net loans increased 15.3% to $67.4 million at the end of September 30, 2013 compared to $58.4 million at September 30, 2012. Deposits increased 20.7% to $80.6 million at September 30, 2013, compared to $66.8 million at September 30, 2012.

"Our strong growth rate reflects the hard work of our professional staff and the desire of many to bank locally," stated Gall.

Non-performing assets totaled $1.8 million at September 30, 2013 compared to $3.8 million at the end of September 2012. The largest portion of the decrease was the sale of the final OREO properties totaling $1.6 million. At September 30, 2013, all non-performing assets are performing either under their original terms as agreed or under forbearance agreements.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwired.com/press-release/sierra-vista-bank-reports-record-3rd-quarter-2013-results-otcqb-svba-1842876.htm

[Enterprising Investor]

Sierra Vista Bank Welcomes New President / Chief Executive Officer (8/23/13)

FOLSOM, CA--(Marketwired - Aug 23, 2013) - Sierra Vista Bank (OTCQB: SVBA) today announced the appointment of accomplished banking executive Gary D. Gall as President and Chief Executive Officer.

"Gary has achieved so much in community banking, and his experience and expertise will be extremely valuable to our growing Bank," stated Brady Whitlow, Chairman of the Board of Directors. "We're excited to have someone with Gary's talent leading our team, especially considering his significant relationships and familiarity with our community."

Gary has nearly four decades of banking experience and has been on the Sierra Vista Bank Board of Directors since 2008. He has also served as a Consultant to the Bank since 2012. Among his accomplishments, he led Western Sierra Bancorp from assets of $50 million and four branches to assets of over $1.2 billion and 31 branches. Western Sierra was recognized nationally for performing in the top 5 percent of community banks in the U.S. While at Western Sierra, Gary also negotiated the acquisition of six community banks and was instrumental in Western Sierra Bancorp becoming listed on the NASDAQ stock exchange in 1999.

"I am honored to have been asked to lead this exceptional team of bankers, and have great expectations for the Bank," Gall said. "I thoroughly enjoy community banking, and look forward to my continued involvement with the Bank, local community leaders, and the customers we serve."

Mr. Gall is a long term resident of Cameron Park and has always been very active in the community. He is a past president and current member of the Cameron Park Rotary Club, current member of the Cameron Park Community Foundation and the El Dorado County Boys & Girls Club, and participates in many other local community events.

About Sierra Vista Bank
Sierra Vista Bank is locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

Forward Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding increases in non-interest income, future profitability, the bank's ability to address challenges impacting economy in which it operates and future loan losses, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; and (e) other unexpected developments or changes in the bank's business or its customers' businesses. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

Contacts:
Brady Whitlow
Chairman
Sierra Vista Bank
[phone]

Lesa Fynes
EVP/CFO
Sierra Vista Bank
[phone]

http://www.marketwire.com/press-release/sierra-vista-bank-welcomes-new-president-chief-executive-officer-otcqb-svba-1823927.htm

[Enterprising Investor]

Sierra Vista Bank Announces President/CEO Resignation (7/01/13)

FOLSOM, CA--(Marketwired - Jul 1, 2013) - Sierra Vista Bank (OTCQB: SVBA) today announced that Gregory Patton has resigned as President and Chief Executive Officer. He has also resigned as a Director to the Board.

Until a successor is named, the Bank will be managed by the executive management team with Board oversight by Brady Whitlow the Chairman of the Board.

"On behalf of the Board of Directors, Officers, and Staff of Sierra Vista Bank, we wish to express our thanks to Greg for his services. We wish him the very best in the future," said Brady Whitlow, Chairman of the Board of Directors.

The Board is actively pursuing a successor and hopes to have a formal application filed with the regulators early in the third quarter.

"We will continue serving our customers and community with the excellent personal service they expect and will endeavor to continue the Bank's profitable performance for our shareholders," commented Whitlow.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

Forward Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding increases in non-interest income, future profitability, the bank's ability to address challenges impacting economy in which it operates and future loan losses, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; and (e) other unexpected developments or changes in the bank's business or its customers' businesses. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

Contacts:
Brady Whitlow
Chairman of the Board
Sierra Vista Bank
(916) 850-150
Email Contact

Lesa Fynes
EVP/CFO
Sierra Vista Bank
[phone]

http://www.marketwire.com/press-release/sierra-vista-bank-announces-president-ceo-resignation-otcqb-svba-1807458.htm

[Enterprising Investor]

Sierra Vista Bank Receives New Capital (5/16/13)

FOLSOM, CA--(Marketwired - May 16, 2013) - Sierra Vista Bank (OTCQB: SVBA) today announced that it has received new capital funding from the Taylor International Fund, LTD which had been negotiated last December subject to regulatory approval. The total capital infusion received by the Bank from the Taylor International Fund, LTD came to just over $1.5 million. The new capital is in addition to the public offering conducted by the Bank in the third quarter of 2012, which raised more than $2.0 million. The Bank utilized Caldwell Securities, Inc. as the placement agent in this transaction.

The Board of Sierra Vista Bank approved the offerings last year in order to strengthen the Banks financial position. Bank President and CEO, Greg Patton stated "The additional capital will allow our financial organization to expand its customer base and seek new growth opportunities in our local communities. Our Leverage Capital Ratio will now exceed 12.7% which will allow the Bank significant room to grow both deposits and loans." The Bank which opened in 2007 recently announced its fourth straight quarter of profitability.

Taylor International Fund, LTD is an investment fund that has a wide range of holdings including California community banks. "We strongly believe that Sierra Vista Bank possesses the necessary qualities to become a premier bank beyond Folsom. This additional capital will allow them to further serve the needs of their existing and future customers, take advantage of growth opportunities, and provide them the foundation to become one of California's next great banks," said Stephen Taylor, Chairman of Taylor Asset Management, Inc.

About Sierra Vista Bank
Sierra Vista Bank is locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwire.com/press-release/sierra-vista-bank-receives-new-capital-otcqb-svba-1792187.htm

[Enterprising Investor]

TIF investment should be deployed in Q2.

[Enterprising Investor]

EPS was $.02.

[Enterprising Investor]

Tangible book value $2.98.

[Enterprising Investor]

Sierra Vista Bank Reports Earnings in 1st Quarter 2013 (5/07/13)

FOLSOM, CA--(Marketwired - May 7, 2013) - Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $52,000, for the 1st Quarter of 2013, compared to a loss of ($697,000) for the 1st Quarter 2012. Sierra Vista Bank has now been profitable for four consecutive quarters.

Total assets grew $6.7 million or 8.5% in the 1st Quarter 2013 to $85.5 million. Loans increased $3.1 million or 5.1% to a total of $64.1 million, and deposits increased $8.2 million or 12.4% to $74.2 million in the quarter. The Bank's ratio of non-interest bearing deposits to total deposits remained strong at 31.0%. The 2013 financial results are preliminary and unaudited.

The Bank continued to show a strong net interest margin of 4.97% for the 1st Quarter 2013, with a yield on earning assets of 5.21% and a cost of funds of 0.26%. "We continue to see a growing demand for new lending opportunities," stated Gregory Patton, President & CEO. "Our Bankers are also reaching out to develop and improve the depositor relations within our marketplace. Together, we believe we can maintain this trend of a strong net interest margin while well serving all of our clients."

The provision for loan losses for the 1st Quarter 2013 totaled $70,000, well below the $810,000 provision in the 1st Quarter of 2012. The allowance for loan losses was 2.32% of total loans at March 31, 2013.

The capital received in 2012 substantially strengthened the Bank's balance sheet and capital levels. This will be further enhanced in the 2nd Quarter by a significant capital commitment from an institutional investor.

Capital levels increased and remain well above the regulatory "well-capitalized" minimum levels:

•The Tier 1 Leverage Capital ratio improved to 11.95% compared to 9.02% as of March 31, 2012.

•The Tier 1 Risk Based Capital ratio improved to 15.24% compared to 12.56% as of March 31, 2012.

•The Total Risk Based Capital ratio improved to 16.50% compared to 13.84% as of March 31, 2012.

Non-performing assets totaled $3.8 million at the end of March 2013 compared to $4.7 million at the end of March 2012. Non-performing assets at March 31, 2013 include loans classified as non-accrual of $2.2 million and real estate owned of $1.6 million. The real estate owned balance of $1.6 million includes the real estate housing the Bank's headquarters totaling $1.5 million. Non-performing loans to total loans as a ratio decreased substantially from 5.46% on March 31, 2012 to 3.49% on March 31, 2013. With the exception of $320,000, all non-accruing loans are paid current under their original terms or are paying as agreed under forbearance agreements.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwire.com/press-release/sierra-vista-bank-reports-earnings-in-1st-quarter-2013-otcqb-svba-1787797.htm

[Enterprising Investor]

Sierra Vista Bank Reports Earnings in 4Q12 (1/28/13)

FOLSOM, CA--(Marketwire - Jan 28, 2013) - Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $38,000, for the fourth quarter of 2012, compared to $64,000 for fourth quarter 2011. Sierra Vista Bank has now been profitable for nine consecutive months, including the second, third and fourth quarter of 2012. The Bank showed a net loss of $485,000 for the year ending December 31, 2012 due to a large loan loss provision and a specific reserve in the first quarter. All financial results are preliminary and unaudited.

The Bank continued to show a strong net interest margin of 5.07% for the fourth quarter 2012 and 4.92% for the year, fueled by a yield on earning assets of 5.29% and a cost of funds of 0.24%. "We are finding opportunity as our market area continues to experience slow but steady economic improvement," stated Gregory Patton, President & CEO.

In the third quarter of 2012 the Bank completed a Public Offering increasing capital by over $2 million with an additional $235,000 contributed during the fourth quarter of the year from an Accredited Investor whom the Bank has entered in to an agreement with for an additional $1.4 million subject to regulatory approval. The capital received has substantially strengthened the Bank's balance sheet and increased the capital level on December 31, 2012 to $10 million creating a leverage ratio of 12.48%. This compares to a leverage ratio of 9.02% on March 31, 2012 and 10.01% on December 31, 2011.

Financial Highlights (at or for the quarter ended December 31, 2012)

• The net interest margin was 5.07% for the fourth quarter and 4.92% for the year.

• Non-interest bearing deposits represented 31.7% of total deposits at December 31, 2012.

• Provisions for loan losses for the quarter were $80,000, well below the $165,000 one year earlier.

• Capital levels increased and remain well above the regulatory "well-capitalized" minimum levels:

- The Tier 1 Leverage Capital ratio improved to 12.48% compared to 10.01% as of December 31, 2011.

- The Tier 1 Risk Based Capital ratio improved to 15.92% compared to 13.46% as of December 31, 2011.

- The Total Risk Based Capital ratio improved to 17.19% compared to 14.74% as of December 31, 2011.

Sierra Vista Bank had total assets of $78.8 million at December 31, 2012, compared to $77.9 million at September 30, 2012. Net loans increased to $59.6 million at the end of December compared to $58.4 million at September 30, 2012. Deposits totaled $66.0 million at December 31, 2012, compared to $66.8 million at September 30, 2012.

Non-performing assets totaled $4.1 million at the end of December 2012 compared to $4.4 million at the end of December 2011. Non-performing assets include loans classified as non-accrual of $2.5 million and real estate owned of $1.6 million at December 31, 2012. The real estate owned balance of $1.6 million includes the Bank's headquarters totaling $1.5 million. Non-performing loans to total loans as a ratio decreased substantially from 6.67% on December 31, 2011 to 4.07% on December 31, 2012. With the exception of $482,000, all non-accruing loans are current under their original terms or are paying as agreed under forbearance agreements.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

http://www.marketwire.com/press-release/sierra-vista-bank-reports-earnings-in-4q12-otcqb-svba-1750299.htm

[Enterprising Investor]

How a Small California Bank Attracted the Capital to Fight Another Day (12/20/12)

Sierra Vista Bank (SVBA) fits the profile of a bank seller. It is fighting the temptation — at least for now.

The Folsom, Calif., bank has assets of just $78 million and had reached a crossroads, but its leaders decided to seek more capital instead of packing it in, Chief Executive Gregory Patton says. "Our board considered everything. Should we sell? Should we look locally for a merger-of-equals partner?"

The economy and new regulatory demands are making it tougher for banks of Sierra Vista's size to survive, and many will look to sell out, experts say. Patton concurs and says Sierra Vista, which has had good luck raising funds, may still look to sell at some point — he just wants his bank to make that decision from a position of strength.

"There are going to be changes, and there is going to be consolidation. There are reasons for banks to talk to each other," Patton says. "We are going to have to make some decisions, but we want those to be opportunistic."

Those decisions could include Sierra Vista even being a buyer, Patton says.

The bank is poised to receive $1.7 million from Taylor International Fund, a Chicago hedge fund. The equity agreement, scheduled to close in the second quarter, was priced at $2 per share, or 66% of its book value. Sierra Vista also raised more than $2 million in a public offering at the same terms in September.

The new funds could fuel growth and make the bank a more attractive M&A target someday.

Sierra Vista's strategy essentially gives it more room to figure out what it wants to do, says Adam Fiedor, a principal at St. Charles Capital in Denver. More small banks, particularly those that still have some credit issues, may explore the same strategy. Even though the capital is raised at a discount to book, it gives the shareholders a better chance at an eventual sale for a premium.

"Without the capital, the bank is perhaps forced to sell at a low valuation. This gives the existing shareholders a second life," says Fiedor, who is not involved with Sierra Vista. "It allows them time to work out nonperforming assets, improve profitability and perhaps grow. It creates a runway to get them to a premium book value."

The new capital would give the bank enough room to double its balance sheet and would allow it to raise its lending limits. Demand is increasing, too, Patton says.

"This gets our capital to a point where we can be part of the conversation," Patton says. "We think the sun is about to come back out. The economy is stabilizing, things are coming up a bit, and companies are maybe looking at new markets and new employees."

The new capital could help clean up legacy issues.

The bank was chartered in March 2007. Banks that were chartered around the downturn have taken divergent rides; some have found a golden opportunity to flourish as seasoned banks ached. Other de novos have sputtered. Sierra Vista managed to find trouble.

"We opened in March and we had $15 million in capital and management wanted to get some of that rolling, so they did participations," says Patton, who joined in December 2007. "Those values changed drastically. …We also lost some money in some commercial deals that were tied to the construction."

Its problems even included the building that houses the bank's headquarters in a commercial strip center. The property is now part of the bank's $2 million in other real estate owned.

"We pay ourselves our own rent," Patton says.

Sierra Vista reported losses of $524,000 through Sept. 30, partly because of writedowns to prepare for the capital raises. It made $159,000 last year.

The bank had $2.2 million of nonperforming loans at the end of the third quarter. Despite the initial wave of problems that the company has been sorting out for the last few years, it had no new problem loans in the pipeline.

Three years ago the board raised roughly $2 million to deal with the problems. The bank also has a memorandum of understanding with the regulators.

Curing the regulatory issues could have been the motivating factor for raising the additional equity, says Kamal Mustafa, the chairman and chief executive of Invictus Consulting Group, who was unfamiliar with Sierra Vista.

"I don't think any bank wants to sell under an enforcement action," Mustafa says. "That's where the vultures circle."

Though Sierra Vista's strategy could gain popularity, the tough part is finding the investors, Fiedor says.

Stephen Taylor, the chairman of Taylor International, says Sierra Vista attracted him because he sees an opportunity to gain market share as other banks consolidate. He describes his firm as one that targets opportunities that others might look over. Small community banks are one of those, because larger investors say small equity deals take as much work as large ones.

"It is flip to say, but nobody from New York is going to fly to California for a $4 million deal," Taylor says. He has a similar investment 100 miles away in the $114 million-asset Pan Pacific Bank in Fremont. (Combining the two was not a motivation for the infusions, he says.)

"The obituary for small and mid-sized banks has been written prematurely. Sure, there are sound economic reasons for economies of scale, but I think it is premature," Taylor says. "Both of these banks could be attractive targets, but I think they also could have a healthy future independently, if they wanted."

http://www.americanbanker.com/issues/177_243/how-small-california-bank-attracted-capital-to-fight-another-day-1055326-1.html?zkPrintable=1&nopagination=1

[Enterprising Investor]

I do not use PTPP in my work.

[leftope]

How do you estimate normalized PTPP with a fairly new, over capitalized bank?

It looks like the bank now has $11.4mm in equity, with another $1mm if all warrants are exercised. I'm estimating about 5.066mm diluted shares O/S, but my numbers could be wrong.

June '12 BVPS was $3 per share, total equity was 7.584mm. Shares O/S 2.528mm.

9/10 capital raise of 1,181,600 shares, 295,400 warrants at $2/share.

9/30 equity of $9.7mm

12/13 capital raise of 848,726 shares plus 212,182 warrants at $2/share.

[vpagano]

Thanks for starting this board guys, I'm always interested in these California banks trading under BV. I would never find these microscopic opportunities otherwise probably.

[SaltyMutt]

There does seem to be at least some opportunity here and maybe a lot.

[Enterprising Investor]

Sierra Vista Bank Earns $68,000 in 3Q12 (10/23/12)

http://www.sierravistabank.com/pdf/2012/SVBA-Earnings-3Q12.pdf

[56Chevy]

Another up and coming Calif bank!

Taylor International Fund, LTD is an investment fund that has a wide range of holdings including California community banks. "We are looking forward to being supportive shareholders in the bank as it pursues new opportunities ahead," said Stephen Taylor, Chairman of Taylor Asset Management, Inc.

This bank is located in a bedroom community east of Sacramento. Nice area with solid demographics:

•Average people per household: 2.65
•Median age of population: 36.2

•Unemployment Rate: 5.8%
•Job growth in past 1 year: -5.76%
•Project job growth next 10 years: 22.68%
•Median income of household: $95,788

http://www.homes.com/Home-Prices/CA/FOLSOM/

[Enterprising Investor]

SVBA Welcomes New Capital Investor (12/13/12)

FOLSOM, CA--(Marketwire - Dec 13, 2012) - Sierra Vista Bank (OTCQB: SVBA) today announced that it has entered into a Securities Purchase Agreement with Taylor International Fund, LTD to purchase approximately $1.7 million of the bank's common stock. The bank expects this transaction, which is subject to regulatory approvals and other customary closing conditions, to be completed by the second quarter 2013. This increase in capital is in addition to the recently completed public offering which resulted in raising more than $2.0 million. Executive management expects the additional capital to allow Sierra Vista Bank to expand its lending practices and to seek growth opportunity in the markets that it serves.

The Securities Purchase Agreement provides that Taylor International Fund, LTD and Stephen Taylor will purchase up to an aggregate of 848,726 shares of common stock including warrants to purchase an additional 212,182 shares of common stock at the price of $2.00 per share which is the same pricing and warrant coverage offered to investors in the bank's recently completed public offering. The bank has agreed to appoint a representative of the investors to its board of directors upon completion of the investment. The Bank utilized Caldwell Securities, Inc. as the placement agent in this transaction.

Taylor International Fund, LTD is an investment fund that has a wide range of holdings including California community banks. "We are looking forward to being supportive shareholders in the bank as it pursues new opportunities ahead," said Stephen Taylor, Chairman of Taylor Asset Management, Inc.

About Sierra Vista Bank
Sierra Vista Bank is locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling [phone].

Forward-Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding the expected sale of the bank's securities, anticipated increases in capital and lending activities and anticipated growth, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) the failure of the bank and the investors to receive all required regulatory approvals and other actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; (e) the ability of the bank to satisfy the conditions to closing in the Securities Purchase Agreement and (f) other unexpected developments or changes in the bank's business or its customers' businesses. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

Contacts:
Gregory Patton
President/CEO
Sierra Vista Bank
[phone]

Lesa Fynes
EVP/CFO
Sierra Vista Bank
[phone]

http://www.marketwire.com/press-release/sierra-vista-bank-welcomes-new-capital-investor-otcqb-svba-1737420.htm