Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion is headquartered in Pasadena with 17 business centers including one in Santa Clarita.

Chief Executive Officer David R. Misch said:, “We are pleased to announce our first quarter of 2015 earnings performance as well as a cash dividend to the holders of common stock.” Highlights of the first quarter are as follows:

* The Bank reported an 8.4% increase in net income to $7.2 million for the first quarter of 2015 compared to $6.6 million for the similar quarter in 2014.

* Declared a $0.45 per share cash dividend (aggregating approximately $1,400,000) on its outstanding common stock. The dividend was approved at the regularly scheduled Board of Directors meeting held on April 23, 2015. It will be payable on or about June 1, 2015 to common shareholders of record as of May 15, 2015.

* Total loans as of March 31, 2015 increased more than 9% to $2.3 billion compared to $2.1 billion as of March 31, 2014.

* Non-interest bearing deposits increased more than 15% or $116.3 million. Total deposits increased 2.2% to $2.63 billion as of March 31, 2015 as compared to $2.57 billion as of March 31, 2014.

* There has been no significant change in assets since year-end as the Bank opted to reduce its investment portfolio and shrink short-term borrowings in the face of weak reinvestment rates.

* The Bank’s reserve for loan losses as of March 31, 2015 was $35.4 million or 1.55% of total loans compared to $34.6 million or 1.66% of total loans as of March 31, 2014. No provision for loan losses was required for either the first quarter of 2015 or 2014.

* Community Bank’s capital ratios continue to exceed regulatory requirements with Tier 1 Leverage, Tier 1 Risk-based Capital and Total Risk-based Capital Ratios of 8.28%, 10.56%, and 11.81%, respectively, as of March 31, 2015.

Family member and Director Charles McCluer added: “The Bank’s consistently strong earnings capability and solid credit quality enable us to reward shareholders with a dividend program.” Charles Cook echoed Mr. McCluer’s comment, “The Cook family is very pleased with the consistent performance and prospects of the Bank.”

Community Bank, partnering to be your community bank, has offices in Anaheim, Burbank, Century City, Commerce, Corona, Fontana, Glendale, Huntington Beach, Irvine, Ontario, Pasadena, Redlands, Santa Clarita, Santa Fe Springs, South Bay, Ventura and Woodland Hills. For more information, visit the Community Bank Website at www.cbank.com.