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Santa Cruz County Bank Announces Second Quarter 2014 Earnings

Santa Cruz County Bank reported record earnings for the second quarter of 2014 and the achievement of a key milestone, earning over one million dollars in net income in one quarter. Compared to the second quarter of 2013, gross loans increased $55.2 million, 23%, to $293.0 million; total deposits increased $53.4 million, 15% to $398.4 million and total assets increased $58.8 million, 15%, to $440.0 million. Net income increased $195.6 thousand, 24%, to $1.0 million comparing the same period. Also during the quarter, the Bank declared a $0.05 quarterly cash dividend to shareholders of record as of June 25, 2014, which was paid on July 10, 2014.

David V. Heald, President and CEO, commented, “We are pleased with our record earnings and asset growth for the first half of the fiscal year. We achieved double-digit growth in loans and deposits, which produced improved net interest margin and substantially better earnings. Our asset quality remains exceptional with past due loans at a low of .05% of total loans. With sustainable earnings, growth in countywide market share, and exceptional quality of assets, we continue to deliver solid returns to our shareholders.”

To read more about the Bank’s performance, please visit our Investor Relations page, which includes quarterly and annual financial reports dating back to 2004.


Santa Cruz County Bank is a 4-Star "Excellent" Rated Bank

Santa Cruz County Bank is rated a 4-Star “Excellent” bank by Bauer Financial, Inc. based upon its financial performance for the quarter ending March 31, 1014. Bauer Financial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. For more information on Bauer Financial, Inc, visit www.bauerfinancial.com.  Santa Cruz County Bank has ranked as a 4-Star “Excellent” and 5-Star “Superior” bank every quarter in the history of our ratings from Bauer Financial.
 


Santa Cruz County Bank Ranks in American Banker Magazine’s Top 200 Best Performing Community Banks and Thrifts in the United States

Santa Cruz County Bank ranked 115th in American Banker Magazine’s Top Performing 200 Community Banks and Thrifts in the United States. A total of 851 institutions, with less than $2 billion in assets, were included in the nationwide ranking. Ranking was based upon 3-year average return on equity for the years ending December 31, 2011, 2012 and 2013.   This is the second consecutive year Santa Cruz County Bank has ranked in the Top 200 Community Banks. 

David Heald, President and CEO commented, “This outstanding performance ranking is the result of our focus and commitment to enhance shareholder value. Our Board of Directors, our Management team and our entire staff are to be commended for our performance.”


Santa Cruz County Bank Arts Collaborative presents “Rhythms of Still Life"

Opening May 15, 2014

Rhythms of Still Life features twenty local artists, all members of the Santa Cruz Oil Painters, (SCOP), who have captured the beauty, vibrancy, ad diversity that is still life painting.  The show, curated by Joan Blackmer, includes over 70 works of art and spans across Santa Cruz County Bank’s five locations.

Exhibiting artists are Wayne Adachi, Skip Andreae, Judith Brock, Jeanne Brubaker, Lorraine Catania, Marnie Dufau, Suzanne Elliott, Coraly Hanson, Michele Hausman, Maggie Renner Hellmann, Richard Klevins, Karin Leonard, Diane Merion, Judy Miller, Linda Mitchell, Cynthia Riordan, Karen Scarborough, Ann Thiermann, Jean Thomas, and Eunice Van der Linden. 

Learn more at our art page. The “Rhythms of Still Life” art exhibit is on display at all five Santa Cruz County Bank offices through August 15, 2014.

 

Special Event: An opening reception will be held on Thursday, June 12th from 5-7pm at 720 Front Street in downtown Santa Cruz. The event is free and the public is welcomed to attend.  For more information on the event please visit the event's Facebook page.


Santa Cruz County Bank Announces First Quarter 2014 Earnings

Santa Cruz County Bank reported strong earnings in the first three months of 2014. Compared to the first quarter of 2013, gross loans increased $47.7 million, 21%, , to $278.2 million. Net income increased $69.5 thousand, 9% to $868.5 thousand comparing the same period. Also during the quarter, the Bank surpassed the $400 million mark for total assets and received the designation of Super Premier performing bank by the Findley Reports.  

David V. Heald commented, “During the quarter we celebrated the tenth anniversary of providing financial services to our community. In the past decade we have established our mission to be the local community bank of choice and lender of choice. Our reputation as a leading lender with responsive decision making has fueled loan production and contributed to the Bank’s solid quarterly earnings and continued growth in the first quarter of 2014.”

 

To read more about the Bank’s performance, please visit our Investor Relations page, which includes quarterly and annual financial reports dating back to 2004.


Santa Cruz County Bank Voted “Best Bank”!

The votes are in!  Once again Santa Cruz County Bank was voted “Best Bank” in the annual Best of Santa Cruz County Good Times Readers’ Poll. Thank you to all Good Times readers and customers who cast their vote for us!  The results mirror our mission to be the community’s bank of choice. 


Santa Cruz County Bank Named Super Premier Performing Bank

Santa Cruz County Bank has been recognized as a Super Premier Performing Bank for its 2013 financial performance by The Findley Reports, Inc. a highly regarded financial industry consulting firm that has been recognizing the financial performance of banking institutions for over forty years. Gary Steven Findley, editor of The Findley Reports remarked, "Recognizing Santa Cruz County Bank as a Super Premier performing bank is becoming an annual event. This recognition only validates what we already know – Santa Cruz County Bank is an “Exceptional” Bank and a top performer amongst all California Banks.” In evaluating banks for recognition, The Findley Reports focuses on four components: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross loans.  Super Premier is the highest rating level established by The Findley Reports, Inc. David Heald, President and CEO of Santa Cruz County Bank commented, “This designation is the result of the hard work and dedication of our Board of Directors, our Management team and our employees to meet high service standards and deliver exceptional value for our shareholders.”


Santa Cruz County Bank Welcomes Marshall Delk

Santa Cruz County Bank welcomes Marshall Delk as Vice President and Regional relationship Manager. Mr. Delk is a well-established local banker who has held executive level positions during his extensive 27 year banking career.

President and CEO David Heald stated, “The Bank’s growth and strong financial performance has allowed us to take advantage of opportunities to hire experienced bankers in our marketplace to support our promise to deliver a relationship-style of banking to our community. We look forward to Marshall’s contributions to the Bank’s growth and to our community in the years ahead.”


Mr. Delk will be based out of the Bank’s Aptos Office located at 7775 Soquel Drive.
 


Celebrating 10 Years of Serving Our Community

As we enter our tenth year of serving Santa Cruz County, we wish to thank our customers and our community for supporting our vision to be the local community bank of choice. When we first opened our doors in February 2004, we operated out of one location with 13 employees. Today, we operate five full-service banking offices and employ over 70 local staff members. On behalf of everyone at Santa Cruz County Bank, we thank you!  Please join us in celebration of our tenth year of serving Santa Cruz! Come in to any of our 5 locations for Customer and Community Appreciation Week from February 3-7th. 


Be The Difference Award

One important mission for Santa Cruz County Bank is to offer continued support for our community. We are proud to provide volunteers, fundraising efforts and sponsorships throughout the county for various events. For more information regarding our community involvement visit our Community Involvement page.


In October, Santa Cruz County Bank received the 2013 Volunteer Center of Santa Cruz “Be The Difference” Business Award for leadership and volunteer efforts. We attribute the achievement to all of our employees, our Management team members and our Board of Directors, who are all actively engaged in reinvesting in our community.
 
Read the full story about Be The Difference Award recipients, nominees, groups, individuals and businesses, including Santa Cruz County Bank.

To view our Be The Difference Award Video, which includes a thank you to all of our Board of Directors and employees, click here
 


Santa Cruz County Bank Welcomes Jon Sisk

Santa Cruz County Bank welcomes Jon Sisk as Senior Vice President and Director of Construction and Real Estate Lending. Mr. Sisk is a well-established local banker and lender with over 20 years of experience working for local community banks.


“I’ve had the opportunity to work with many members of the Bank’s team over the years at a prior local financial institution. Santa Cruz County Bank has set itself apart from the competition as a leading lender in the county and the state.  The Bank is well rated and its reputation in the community is unmatched. I’m honored to join the Bank and its lending team,” stated Mr. Sisk.   
 


Santa Cruz County Bank welcomes Geoffrey Loftus

Santa Cruz County Bank welcomes Geoffrey Loftus to its Management team as Senior Vice President and Chief Credit Officer. Mr. Loftus has a 35 year banking career with extensive credit origination and commercial lending experience. “Santa Cruz County Bank has proven itself an exceptional community bank by all standards. I am honored to be part of the experienced Management team and a local bank that is both highly rated and well regarded,” stated Mr. Loftus.


Santa Cruz County Bank attains LEED Gold Certification

Santa Cruz County Bank's Santa Cruz banking office has successfully achieved LEED GOLD Certification through the U.S. Green Building Council for its Commercial Interiors remodel. Every Santa Cruz County Bank location is Green Business Certified through the Monterey Bay Area Green Business Association. To find out more about Santa Cruz County Bank's Green practices, click here.


Green Minded Businesses

Meet some of the Green Minded Businesses that bank with us!  We're pleased to have relationships with local businesses that have made a commitment to environmental practices. If you're a green minded business that would like to bank with Santa Cruz County Bank, let us know!


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