Chino Commercial Bancorp Reports 2012 Second Quarter Earnings

On September 16, 2011, the Company filed a registration statement on Form S-1 with the SEC in connection with a secondary stock offering to existing shareholders which commenced in the fourth quarter of 2011 and was extended to the general public in early 2012. The Company has generated $668,442.14 in additional paid in capital from the offering. The offering closed as of July 15, 2012.

Earnings

The Company posted net interest income of $878,636 and $907,439 for the three months ended June 30, 2012 and 2011, respectively. For the six months ended June 30, the Company posted net interest income of $1.8 million and $1.9 million for 2012 and 2011, respectively. Loan interest income decreased $25,863, or 2.9%, to $877,133 for the second quarter of 2012 compared with the second quarter of 2011. The decrease in interest income from loans was $155,462, or 8.1%, comparing the first half of 2012 with 2011.  For the six months ended June 30, 2012, investment income decreased $127,665, or 39.6%, to $195,062 as compared to the six months ended June 30, 2011.

Non-interest income totaled $310,957 for the three months ended June 30, 2012, or a 2.2% decrease from $318,062 earned during the second quarter of 2011. Non-interest income increased 10.6% for the six months ended June 30, 2012 to $786,775, as compared to $711,113 for the six months ended June 30, 2011.  The major contributor to the increase in the six-month period was other miscellaneous income due to reimbursement of legal expenses incurred in 2011.

General and administrative expenses were $994,626 and $2,040,602 for the three and six months ended June 30, 2012, respectively, as compared to $1,056,146 and $2,137,274 for the three and six months ended June 30, 2011. Legal and professional fees decreased $65,464 to $136,759 and regulatory assessments decreased $40,043 to $111,324 for the six months ended June 30, 2012 compared to the same period in 2011.

Income tax expense was $190,173 for the six months ended June 30, 2012, as compared to $67,851 for the six months ended June 30, 2011. The effective income tax rate for the six months ended June 30, 2012 and 2011 is approximately 36.7% and 30.7%, respectively.

Forward-Looking Statements

The statements contained in this 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.  The forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and readers are cautioned not to unduly rely on such forward-looking statements. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, the health of the National and California economies, the Company's ability to attract and retain skilled employees, competition in the financial services market for both deposits and loans, the Company's ability to increase its customer base, customers' service expectations, the Company's ability to successfully deploy new technology and gain efficiencies therefrom, the success of branch expansion, changes in interest rates, loan portfolio performance, the Company's ability to enhance its earnings capacity, and other factors detailed in the Company's SEC filings, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Form 10-K.

CHINO COMMERCIAL BANCORP
CONSOLIDATED BALANCE SHEET
June 30, 2012 and December 31, 2011
	June 30, 2012		December 31, 2011
	(unaudited)		(audited)
ASSETS:
Cash and due from banks	$  4,063,293		$    3,358,177
Federal funds sold	16,566,626		14,165,877
Total cash and cash equivalents	20,629,919		17,524,054
Interest-bearing deposits in other banks	14,579,252		13,339,252
Investment securities available for sale	2,590,575		2,972,420
Investment securities held to maturity (fair value approximates
$6,068,000 at June 30, 2012 and $9,861,000 at December 31, 2011)	5,870,239		9,652,630
Total investments	23,040,066		25,964,302
Loans
Real estate	45,344,094		46,184,898
Commercial	11,828,432		9,974,353
Installment	358,708		643,660
Gross loans	57,531,234		56,802,911
Unearned fees and discounts	(150,414)		(29,107)
Loans net of unearned fees and discount	57,380,820		56,773,804
Allowance for loan losses	(1,469,487)		(1,537,963)
Net loans	55,911,333		55,235,841
Accrued interest receivable	252,474		275,976
Restricted stock	645,400		667,700
Fixed assets, net	6,353,647		6,443,753
Foreclosed assets	0		439,317
Prepaid & other assets	2,730,833		3,154,650
Total assets	$109,563,672		$  109,705,593
LIABILITIES:
Deposits
Non-interest bearing	$ 47,354,353		$   47,188,644
Interest bearing
NOW and money market	31,554,261		32,241,986
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