Golden Valley Bank (OTCBB:GVYB), headquartered in Chico, California reported its most profitable quarter and full year since the Bank's 2006 opening. The company earned $906,311 or ($0.44 per share) for the year ended December 31, 2011, up 12% from the $809,253 ($0.39 per share) earned in 2010. For the fourth quarter of 2011 the company earned $313,690, up from $233,821 in the fourth quarter of 2010.

In 2011 the Bank recognized income taxes for the first time, an expense that it did not incur in 2010. For the full year, pre-tax income was $1,192,311, up 47% from the pre-tax figure for the same period in 2010.

The Bank's total assets were $110.7 million, up 9% from a year earlier. Deposits were $93.2 million, up 9% from December 31, 2010. Loans ended the year up 8% at $73.1 million compared to a year ago. The company has set aside over $1.5 million in loan loss reserves to protect it from future economic uncertainties. Golden Valley continues to be a well capitalized bank and far exceeds minimum regulatory requirements.

"2011 was yet another good year for our Bank. We again exceeded virtually all of the budgeted goals we set for ourselves coming into this year," said President and CEO Mark Francis. "All of us sincerely appreciate the continuing support we have had from our customers and the community. I remain optimistic about the economic future of Chico and Redding, and our Bank," Francis continued.

Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California. The Bank has a full service office in Chico, California and a Loan Production Office in Redding, California. For more information regarding the bank please call at (530) 894-1000 or visit www.goldenvalleybank.com.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results are pre-fiscal year-end audit and may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.

Golden Valley Bank
Mark Francis, 530-894-4920
mfrancis@goldenvalleybank.com
www.MyGVBank.com