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Community Business Bank Reports Second Quarter 2007 Results.


WEST SACRAMENTO, Calif. -- Community Business Bank (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
: CBBC CBBC China-Britain Business Council
CBBC Canadian Beef Breeds Council
CBBC Cape Breton Business College (Sydney, Cape Breton, Nova Scotia, Canada)
CBBC Central Bucks Bicycle Club
CBBC Calvary Bible Baptist Church
) reported an increase in total assets of $51.1 million since June 30, 2006; total assets as of June 30, 2007 were $104.6 million. As of June 30, 2007, total loans were $90.9 million, which represents an increase of $52.0 million since June 30, 2006. Deposits at June 30, 2007 were $71.4 million or $37.6 million greater than second quarter 2006 totals.

The Bank realized a profit of $78,000 in the second quarter of 2007 after reaching breakeven breakeven

1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations
 in January 2007 and posting a profit of $9,000 in the first quarter of 2007. This compares to a loss of $439,000 for the second quarter of 2006. The Bank continues to face a higher cost of funds Cost of Funds

The interest rate paid on an outstanding loan.

Notes:
Money isn't free! Cost of funds is the cost of borrowing money.
See also: Interest Rate



Cost of funds

Interest rate associated with borrowing money.
 than projected as it works to grow its core deposit base. In spite of this challenge, a year-to-date profit of $87,000 has been recognized for June 2007 as opposed to a YTD See Year-to-date.

YTD

See year to date (YTD).
 loss of $1.05 million in June 2006.

The Bank further reported that it has a very stable loan portfolio and that the Bank focuses primarily on commercial, commercial construction and other business related lending activities. Although some financial institutions may be negatively impacted by the recent collapse of the sub-prime mortgage loan market, Community Business Bank does not make sub-prime mortgage loans and has no exposure in this area.

A lease has been signed for a permanent facility for the Bank's West Sacramento Office; it is projected to be ready for occupancy by the end of 2007. This building will be located in the Ikea Center Marketplace, as is the current temporary facility. The Bank also recently relocated its Roseville Loan Production Office into larger facilities while adding two SBA SBA
abbr.
Small Business Administration

Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government
 Loan officers to its staff located there. These facility moves are part of the Bank's overall Strategic Plan, allowing the Bank to better serve clients while adding product lines that are designed to have a positive impact on earnings.

The Bank is headquartered in West Sacramento and maintains full-service offices in both West Sacramento and Lodi Lodi, city, Italy
Lodi (lô`dē), city (1991 pop. 42,250), Lombardy, N Italy, on the Adda River, near Milan. It is an important dairy and light industrial center.
. The Bank also operates a Loan Production Office in Roseville. Community Business Bank stock is traded under the symbol cbbc.ob. For more information about the Bank, call John DiMichele, President & Chief Executive Officer or Mark Day, Chief Financial Officer at (916) 830-3560 or visit the Bank's website at www.communitybizbank.com.

Forward Looking Statements:

This document contains comments and information that constitute forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. The forward-looking statements herein are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. Such forward looking statements include, but are not limited to, the Bank's ability to achieve a monthly break-even by January 2007. Forward-looking statements speak only as to the date they are made. The Bank does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

The Bank files reports with the FDIC FDIC

See: Federal Deposit Insurance Corporation


FDIC

See Federal Deposit Insurance Corporation (FDIC).
. You may obtain a copy of these reports through the FDIC's website located at www.fdic.gov or the Bank's website located at www.communitybizbank.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Financial report
Date:Jul 20, 2007
Words:535
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