California Republic Bank Completes Record 3rd Quarter 2010 with $329.3 Million in Assets and Year-to-Date Net Income of $2.0 Million by EON

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									California Republic Bank Completes Record 3rd
Quarter 2010 with $329.3 Million in Assets and
Year-to-Date Net Income of $2.0 Million
Results place California Republic Bank as the 9th largest bank based in Orange County and one of the strongest
community banks in California based on capital, liquidity and credit quality.1

November 08, 2010 12:03 PM Eastern Time  

NEWPORT BEACH, Calif.--(EON: Enhanced Online News)--California Republic Bank (OTCBB:CRPB)
announced its results for the quarter ending September 30, 2010, reporting continued growth in assets, core
deposits, and quarterly and year-to-date net profits.

Jon Wilcox, President, stated, “We continue to grow the Bank with quality core customers who value having a close
personal relationship with a strong commercial bank, locally based, yet sizeable enough to provide the capacity they
need without the bureaucracy of the big banks.” 

Wilcox went on to say, “In less than three years, we are proud to be the 9th largest bank based in Orange County,
which illustrates the value of a strong community bank that is strategically focused and really gets to know its
customers.1 In this opportunity-filled market, execution is everything, and we continue to deliver for our customers.” 

Highlights for the quarter ending September 30, 2010

    l   Total assets of $329.3 million, a 55% increase over the same period 2009.
    l   Total deposits of $260.2 million, a 56% increase over the same period 2009.
    l   Total loan commitments of $256.8 million and loan outstandings of $168.8 million, a 49% increase in
        oustandings over the same period 2009.
    l   Quarterly net income of $77 thousand, compared to a net loss of $661 thousand during the same period in
        2009.
    l   Excluding non-capital charges of $413.2 thousand, the Bank added $2.4 million to capital year-to-date.
    l   Continuing the Bank’s record of no non-performing, past due or charged-off loans.
    l   Total risk based capital ratio of 24.83%

3rd Quarter 2010 details

For Sept. 30, 2010, California Republic Bank reported total assets of $329.3 million, an increase of $116.4 million,
or 55% above total assets as of Sept. 30, 2009. The year-over-year growth in total assets reflects continued core
deposit growth with total deposits at $260.2 million, a $94.0 million, or 56%, increase from the 3rd quarter of 2009.
Non-interest-bearing demand deposit accounts grew to $81.2 million, compared to $53.9 million at the end of the
3rd quarter of 2009, an increase of $27.3 million, or 51%. Core interest-bearing deposits grew to $179.0 million
compared to $112.3 million, or a 59% increase over the same period a year ago. Total loan commitments were
reported at $256.8 million as of Sept. 30, 2010, with loan outstandings at $168.8 million, representing an $84.9
million, or 49% increase over the 3rd quarter of 2009. Net income for the quarter was $77 thousand and year-to-
date income was $2.0 million. California Republic Bank continues to report strong credit quality, with zero non-
performing loans, no past due loans and no charged-off loans. The Bank reported a Tier 1 leverage capital ratio of
15.11%, a Tier 1 risk based capital ratio of 23.58% and a total risk based capital ratio of 24.83%, well in excess of
the 5%, 6% and 10%, respectively, needed to be considered “well-capitalized” by the FDIC.

About California Republic Bank
California Republic Bank is a Southern California based commercial bank, serving some of Southern California’s
most successful companies and their owners. The Bank provides its clients direct access to executive management,
with tailored and customized service provided by highly experienced Relationship Managers and state-of-the-art
technology. The Bank's clients enjoy the unmatched service of a private bank with the direct access to decision
makers for their lending needs. The Bank serves its clients through its regional Newport Beach and Beverly Hills
branch locations.

For more information, contact Jon Wilcox, President; or John DeCero, Vice Chairman; at 949-270-9700 in Orange
County or 424-230-5400 in Los Angeles, or visit our website at www.crbnk.com. The Bank's headquarters is
located at 1400 Newport Center Drive, Suite 150, Newport Beach, California, 92660. The Bank's Beverly Hills
branch is located at 100 North Crescent Drive, Suite 125, Beverly Hills, California, 90210.

The Board of Directors includes:

- Inside Directors Jon Wilcox, President; and John DeCero, Vice Chairman of the Board.

- Outside Directors Robert Barth, Chairman of the Board; John Bendheim, President of Bendheim Enterprises, Inc;
Marc Brutten, Entrepreneur and CEO of Westcore Holdings, San Diego, California; Alexander Cappello, Chairman
and CEO of Cappello Capital Corp; Bob Din, CEO of En Pointe Technologies; John Hagestad, Managing Partner
of SARES-REGIS Group; Warren S. Orlando, Chairman, 1st United Bancorp, Boca Raton, Florida and J. Scott
Watt, President and CEO of the Watt Group of Companies.

For information regarding the purchase or sale of the Bank’s stock, contact Michael Natzic of Stone & Youngberg
at 800-288-2811.

1.
  As reported in the November 8, 2010 issue of the Orange County Business Journal, based on asset size as of
June 30, 2010.

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These
forward-looking statements refer to the Company's current expectations regarding future operating results, and
growth in loans, deposits, and assets. 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 (1) the
impact of changes in interest rates, a decline in economic conditions and increased competition by financial service
providers on the Company's results of operation; (2) the Company's ability to continue its internal growth rate; (3)
the Company's ability to build net interest spread; (4) the quality of the Company's earning assets; and (5)
governmental regulations.

CALIFORNIA REPUBLIC BANK
Balance Sheets and Income Statements for the Nine Months Ended September 30 2010, and the Year
Ended December 31, 2009
Dollars in Thousands
                                                          September 30, 2010 December 31, 2009
                                                          Unaudited          (1)
Balance Sheet - At Period End
Cash and Due From Banks                                   $ 3,322             $ 99,675
Due From Banks - Interest Bearing                            156,567             30,122
Federal Funds Sold                                           -                   -
Investment Securities                                        0                   -
Loans Held for Sale                                          0                   4,411
Loans Held to Maturity                                       168,754             142,691
Allowance for Loan and Lease Losses                          (2,536        )     (2,170        )
Premises and Fixed Assets                                    867                 1,004
Other Assets                                                 2,293               2,115
Total Assets                                                 329,267             277,848
Non-Interest-Bearing Deposits                                81,240              50,999
Interest-Bearing Deposits                                     179,024              180,332
Borrowed Funds                                                20,000               -
Other Liabilities                                             654                  600
Shareholders' Equity                                          48,349               45,917
Total Liabilities & Equity                                  $ 329,267           $ 277,848
Income Statement
Interest Income                                             $ 9,088             $ 6,433
Interest Expense                                              1,291                1,603
Net Interest Income                                           7,797                4,830
Provision for Loan and Lease Loss                             366                  1,220
Net Interest Income After Provision                           7,431                3,610
Non-Interest Income                                           178                  79
Non-Interest Expense                                          5,591                7,092
Net Income (Loss)                                           $ 2,018                ($3,403       )
(1) Excerpted from audited financial statements
CALIFORNIA REPUBLIC BANK
Statement of Cash Flows for the Nine Months Ended September 30, 2010, and the Year Ended
December 31, 2009
Dollars in Thousands
                                                                  September 30, December 31,
                                                                  2010              2009
                                                                  Unaudited         (1)
Cash Flows from Operating Activities
Net Earnings (Loss)                                               $ 2,018              ($3,403   )
Adjustments to Reconcile Net Earnings to Net Cash Provided by
Operating Activities
Depreciation and Amortization                                        190               234
Provision for Loan Losses                                            366               1,220
Loss on Sale of Securities                                           -                 47
Stock Based Compensation                                             414               518
Origination of Loans Held for Sale                                   -                 (4,411    )
Net (Increase), Decrease in Other Items                              158               (490      )
Net Cash Provided by Operating Activities                            3,146             (6,285    )
Cash Flows from Investing Activities
Net (Increase), Decrease in Interest-Bearing Deposits                (126,445    ) 5,584
Sale of Held-to-Maturity Securities                                  -                 2,359
Maturities - Call of Held-to-Maturity Securities                     10,000            5,000
Purchase of Held-to-Maturity Securities                              (10,003     ) -
Net Increase in Loans                                                (21,652     ) (67,045       )
Purchase of Federal Home Loan Bank Stock                             (282        ) (412          )
Purchases of Premises and Equipment                                  (50         ) (114          )
Net Cash Used in Investing Activities                                (148,432    ) (54,628       )
Cash Flows from Financing Activities
Net Increase in Demand Deposits                                      30,241            103,414
Net Increase (Decrease) in Interest-Bearing Deposits                 (1,308      ) 8,845
Increase in Borrowed Funds                                           20,000            -
Net Cash Provided by Financing Activities                            48,933            112,259
Increase (Decrease) in Cash and Equivalents                          (96,353     ) 51,346
Cash and Cash Equivalents Beginning of Period                        99,675            48,329
Cash and Cash Equivalents, End of Period                          $ 3,322           $ 99,675

Contacts
For California Republic Bank
Dan Pittman, 714-282-9994
dan@pittmanpr.com

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