04/20/2015: INCREASE IN FIRST QUARTER EARNINGS

42% INCREASE IN FIRST QUARTER EARNINGS

Chino, California, April 20, 2015 – The Board of Directors of Chino Commercial Bancorp (“CCBC”), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the first quarter ended March 31, 2015 with net earnings of $318,868, or an increase of 42.1% compared with net income of $224,423 for the same quarter last year. Net income per basic share for the first quarter of 2015 was $0.31 as compared $0.22 for the same quarter last year. Dann H. Bowman, President and Chief Executive Officer, stated, “The Company had an excellent first quarter with deposits increasing, loans increasing, and revenue increasing.  In addition to very strong net earnings, the Bank also had only one delinquent loan and suffered no credit losses during the first quarter.  At the end of the first quarter the Bank had no OREO. Economic conditions appear to be improving in the Inland Empire, and many of our small business customers are reporting better than expected operating results. We continue to remain optimistic about the economy, and are eager to lend to the businesses and consumers in our community.” During the first quarter, the Board of the Directors of the Company declared a 12% stock dividend to shareholders of record on March 6, 2015.  The dividend was paid to the shareholders on March 27, 2015; and the earnings per share calculations have been adjusted to reflect the dividends paid. Separately, the Bank recently reported that it had received recognition from the Findley Reports on Financial Institutions by again receiving their highest rating of Super Premier Performing. Financial Condition At March 31, 2015, total assets were $145.4 million, an increase of $15.3 million or 11.8% over $130.1 million at December 31, 2014. The increase is attributed to an overall growth across all areas of the Bank.  Total deposits increased by 4.4% or $5.0 million during the first quarter to $120.5 million compared to $115.4 million as of December 31, 2014. At March 31, 2015, the Company’s core deposits represent 94.6% of the total deposits. Gross loans increased by 2.2% or $1.8 million during the first quarter to $85.3 million as compared with $83.5 million as of December 31, 2014.  The Bank’s loan quality remained consistent during the first quarter as nonperforming assets and OREO were at zero both at December 31, 2014 and March 31, 2015. Earnings The Company posted net interest income of $1,225,212 for the quarter ended March 31, 2015 as compared to $937,047 for the quarter ended March 31, 2014. Average earning assets increased as well as the yield on earning assets increased by 0.58% to 4.40%.  Average interest-earning assets were $119.5 million with average interest-bearing liabilities of $57.2 million, yielding a net interest margin of 4.16% for the first quarter of 2015; as compared to the average interest-earning assets of $106.9 million with average interest-bearing liabilities of $55.6 million, yielding a net interest margin of 3.56% for the first quarter of 2014. Non-interest income totaled $368,668 for the first quarter of 2015, or a decrease of 16.1% as compared with $439,560 earned during the first quarter last year. Service charges on deposit accounts decreased 12.9% to $306,002 due to decrease in income from returned items and overdraft charges. Dividend income from restricted stock increased to $18,374 for the first quarter of 2015, compared to $14,318 for the same quarter in 2014, due to additional purchases of restricted stock.  Income from bank-owned life insurance remained consistent at $25,418 in the first quarter of 2015 and $25,814 in the first quarter of 2014. General and administrative expenses were $1,075,780 for the three months ended March 31, 2015, as compared to $1,019,710 for the first quarter of 2014. The largest component of general and administrative expenses was salary and benefits expense of $663,539 for the first quarter of 2015, as compared to $587,396 for the same quarter last year.  Regulatory assessments increased by $2,298 or 8.1% to $30,519 in the first quarter of 2015 compared to $28,221 in the first quarter of 2014 due the continuous growth of the Bank.  Advertising and marketing expenses decreased 51.4% to $11,528 in the first quarter of 2015 from $23,743 for the same period last year. Income tax expense was $197,774 for the three months ended March 31, 2015 as compared to $131,563 for the three months ended March 31, 2014. The effective income tax rate for the first quarter of 2015 and 2014 is approximately 38.3% and 37.0%, respectively. Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and California economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology and gain efficiencies there from, changes in interest rates, loan portfolio performance, and other factors detailed in the Company’s SEC filings. Contact: Dann H. Bowman, President and CEO or Melinda M. Milincu, Vice President and CFO, Chino Commercial Bancorp and Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.