PRMR VLLY BK FRSNO 
By President and CEO
559.438.2002
PREMIER VALLEY BANK ANNOUNCES RECORD 2013 EARNINGS
FRESNO, CALIFORNIA…January 23, 2014 … Premier Valley Bank (OTC Markets PVLY) today announced its
2013 financial results. Earnings for the fourth quarter of 2013 were $2.0 million, or $.16 per share (the second best quarter in the Bank's history), up 24% from $1.6 million, or $.13 per share, for the third quarter of 2013, and up 4% from $1.9 million, or $.15 per share, for the fourth quarter of 2012. For all of 2013, net income was $6.5 million, or
$.51 per share, up from $6.1 million, or $.48 per share, reported for 2012. At December 31, 2013, total assets stood at $576 million, compared to $554 million at the end of 2012. As of year end 2013, loans outstanding were $354 million, compared to $338 million at December 31, 2012, and deposits totaled $493 million, compared to $471 million at the end of 2012. Shareholders equity at December 31, 2013 was almost $68 million, representing a very strong capital ratio of approximately 12% of total assets.
J. Mike McGowan, President and Chief Executive Officer, stated, "We are pleased to report that 2013 was the most profitable year in the history of the Bank, the third consecutive year we have been able to make such a report. With economic conditions showing signs of improvement in many areas, we remain optimistic for 2014 and beyond."
Premier Valley Bank is a full service bank known as "THE" Business and Professional Bank in Central California and "THE" Community Bank Serving the Sierra. The Bank's Directors are Jerry E. Cook; Mateo F. De Soto, M.D.; Surinder P. Dhillon, M.D.; Linda F. East; Richard H. Lehman; Michael S. Mathiesen; J. Mike McGowan; Thomas G. Richards; and Joe Williams.
Cautionary Statement: This release may contain certain forward-looking statements which are not historical facts and may pertain to future operating results. These forward-looking statements are within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause the Bank's actual results to be materially different from the results discussed herein. These risks and uncertainties include those related to the economic environment particularly in the region where Premier Valley Bank does business, competitive products and pricing, general interest rate changes, the fiscal and monetary policies of the United States Government, credit risk management, regulatory actions, and other risks and uncertainties. Words such as "anticipate," "believe," "estimate," "expect," "should," "intend," "project," and words or phrases of similar meaning are intended to identify forward-looking statements.
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