See What's New at Santa Cruz County Bank
10% Stock Dividend Declaration
The Board of Directors of Santa Cruz County Bank declared a 10% stock dividend payable on November 10, 2017 to shareholders of record as of the close of business on October 31, 2017. This is the first stock dividend declared, which follows eighteen consecutive quarterly cash dividends.
David V. Heald, President and CEO, stated, “It is extremely satisfying for our Board to declare this stock dividend, which follows the announcement of another record quarter and year to date earnings through the third quarter of 2017. We remain committed to rewarding our shareholders for their investment with consistent returns and strong financial performance.”
For information about Santa Cruz County Bank stock, please visit our Investor Relations page.
Santa Cruz County Bank Announces Record Earnings for Three-Month and Nine-Month Periods Ended September 30, 2017
We are pleased to announce unaudited earnings for the third quarter ended September 30, 2017. Net income of 2.1 million for the third quarter and $5.9 million year to date set new earnings records.
- Assets of $634 million, a 10% increase over third quarter of 2016
- Total deposits of $569 million, a 9% increase over third quarter of 2016
- Return on average equity for the third quarter of 14.92%
- Return on average assets of 1.35% for the third quarter
- Efficiency ratio of 49.85% for the third quarter
- Basic earnings per share increased to $0.96 for the third quarter, up from $0.75 for the same period in 2016
- Book value per share after dividends increased by $3.34 to $25.75, comparing the third quarter of 2017 to the second quarter of 2016
- Continued exceptional credit quality with no loans on non-accrual
President and CEO, David V. Heald commented, “ On behalf of the Board of Directors and our employees, we are pleased to report another exceptional quarter and continued year to date record earnings. Historically, our financial performance has earned us high marks and recognition from financial industry experts. With ongoing support of our community and shareholders, we look forward to continuing to deliver exceptional performance and shareholder returns .”
To view the entire Third Quarter 2017 Press Release and for more information on Santa Cruz County Bank’s performance, please visit our Investor Relations page, which includes quarterly and annual financial reports dating back to 2004.
Learn more about Mobile Payments
Paying in stores, within apps, and on websites has never been easier, safer, or more private with your Santa Cruz County Bank debit card(s). You already use your phone for just about everything. Now you can pay with it, too because your Santa Cruz County Bank debit card(s) are now compatible with Apple Pay, Android Pay and Samsung Pay. Use your Santa Cruz County Bank debit card that's stored in your mobile wallet for payment at millions of stores around the world, wherever contactless payments are accepted.
Ready to Start? Here's how: Simply load your Santa Cruz County Bank card in your Mobile Wallet on your smartphone or smartwatch for easy and secure purchases!
For more information, view Mobile Wallet FAQ
Santa Cruz County Bank is a 5-Star “Superior” Rated Bank
Santa Cruz County Bank is rated a 5-Star “Superior” bank by Bauer Financial, Inc. based upon its financial performance for the quarter ending June 30, 2017. 5-Star is the highest rating determined by Bauer Financial. 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 Earns Top Performance Rankings in California
#1 Bank in State of California
#1 in Non-Performing Assets
Santa Cruz County Bank is pleased to announce its rank as the top bank in California for the second quarter in 2017. The Bank also ranks #1 for lowest non-performing assets and #1 in asset quality. FMC - Financial Management Consulting Group ranks all 168 California banks on a quarterly and annual basis based on a variety of factors including: net interest margin, efficiency, asset quality and earnings.
Santa Cruz County Bank has ranked in FMC’s Top Ten in the state of California for annual performance for the past two consecutive years. For the full year in 2016 and 2015, Santa Cruz County Bank ranked 1st for lowest non-performing assets and 1st in asset quality compared to all other California banks.
Santa Cruz County Bank President and CEO David Heald stated, “We are very pleased to be in the company of the top ten performing banks in the state of California. To rank in first position (lowest) non-performing assets is the result of consistent monitoring of asset quality and prudent lending standards. Our overall number one ranking in the state for the second quarter fulfills our commitment to deliver top tier performance with a focus on building value for our shareholders.”
Timothy Finn, President of FMC stated, “We measure eight (8) different metrics to determine overall performance rankings. For a Bank to be ranked in the top ten in the State means they do everything well, not just one or two things.”
FMC -Financial Management Consulting Group, based in Kentucky is a 28 year old firm that provides consulting and reporting for financial institutions throughout the United States. For the complete list of Top Ten FMC rankings, visit www.fmcgrp.com/performance-reports.html and click on the State of California.
Thank you for supporting the 8th Annual Stuff the Bus!
Santa Cruz County Bank, the United Way of Santa Cruz County and the Santa Cruz Office of Education collected backpacks and school supplies throughout the month of July to support local children returning to school. We appreciate the community's support in this effort, which ensures students with the greatest need will return to school well equipped with essential supplies for their continued education.
Our new mobile app lets you control your card usage and spending on the go! CardValet gives you real-time notifications whenever your card is used. If you lose or misplace your card, simply lock your card to disable it and unlock to enable, all with a few taps on your smartphone. CardValet allows you to control spending and safeguard against fraud. All this protection within one simple app - your card, on your terms. For more information on CardValet and how to download the app, click here.
Bank Announces Change in Board Appointments
At its Annual Meeting of Shareholders, Santa Cruz County Bank announced the appointment of director and vice-chairman, William J. Hansen, as board chairman. Mr. Hansen will succeed founding board chairman, George Gallucci, who will continue serving on the board.
Mr. Hansen, President and CEO of Hansen Insurance Agency and owner of Pacific Coast Development, has served as vice-chairman of the board of directors since the bank’s inception. Mr. Hansen, a founding director of the bank, has served as chairman of the Loan Committee since the banks inception and currently serves on the Audit, Compensation and Executive committees.
Succeeding Mr. Hansen as vice-chairman of the board is David V. Heald, President and CEO of Santa Cruz County Bank, who is also a founding director of the bank. The bank’s board composition remains the same with a total of seven directors, six of whom are founding directors.
“It has been an honor to serve as chairman for the past 13 years, but the time to step aside is while you are able to be the one to say, ‘it is time for me to step aside’. It has been tremendously gratifying to help steer the bank to become one of the most successful and well respected financial institutions in the industry. I look forward to continued service on the board in the years ahead,” stated George Gallucci.
Incoming Chairman William J. Hansen stated, “I am honored and look forward to serving as chairman of the board of Santa Cruz County Bank. On behalf of the entire board, I want to thank George Gallucci for his leadership as chairman for all these years. The Bank has become one of the finest financial institutions in the country over the past thirteen years and shareholders can rest assured we will work to continue exceptional growth and financial performance in the years ahead.”
Top 200 Best Performing Banks
We are thrilled to announce for a fourth consecutive year, Santa Cruz County Bank has ranked in American Banker Magazine’s Top 200 Best Performing Community Banks and Thrifts in the United States. Our Bank ranked 24th out of 669 institutions with less than $2 billion in assets that were included in the nationwide ranking. The ranking, based upon 3-year average return on equity from 2014-2016, also places Santa Cruz County Bank 6th California out of a total of 24 California banks that made the Top 200 list.
Super Premier Performing Bank Designation
The Findley Reports, Inc. recently designated Santa Cruz County Bank as a Super Premier Performing Bank for a seventh consecutive year based on 2016 financial performance. For a bank to achieve the Super Premier performance rating it must meet four key performance ratios established by Findley Reports, Inc.. Super Premier is the highest rating level established by Findley Reports, Inc. Santa Cruz County Bank met the four criteria at a high level of performance: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross loans. The Findley Reports, Inc. has been recognizing the financial performance of banking institutions in California and the Western United States for over fifty years. Findley Reports named Santa Cruz County Bank as one of 11 “exceptional banks” in California in 2012.
2017 Swellies Award
Santa Cruz County Bank received the Santa Cruz Waves 2017 Swellie Award for the most votes from the community for "Best Bank". We thank Santa Cruz Waves for creating the Swellies Awards to highlight and bring out the best in our community.
Santa Cruz County Bank Voted “Best Bank”!
For a fifth consecutive year, Santa Cruz County Bank has been voted “Best Bank” in the Good Times "Best Of Santa Cruz County" annual poll. Thank you to all Good Times readers and customers who cast their vote for us!
Thank you Sentinel Readers!
We are thrilled to announce for a third consecutive year, Sentinel newspaper readers have voted Santa Cruz County Bank as the #1 Bank in the county. We appreciate the community’s confidence in us and look forward to delivering the best in local banking in the years ahead.
Bank Hires Top SBA Lender Barbara Perkins
Santa Cruz County Bank is pleased to announce that Barbara Perkins, a leading SBA lender has joined the bank. Ms. Perkins, who has more than 19 years of government guaranteed (SBA, USDA & B&I) experience in lending, is the bank’s newest Vice President of SBA Lending, SBA and B&I Business Development.
Ms. Perkin’s professional background includes a 39 year career in banking. She is a graduate of California State University, Fresno where she obtained a Bachelor of Science degree in Agricultural Sciences. Ms. Perkins will be responsible for business development and generation of SBA and USDA loans, including FSA throughout Central California. She is based out of the Bank’s lending office at 7473 N. Ingram, Suite 111 in Fresno.
A well-known and actively engaged community leader, Ms. Perkins has served as a youth mentor for CASA – Court Appointed Special Advocates in Fresno since 2012.
“Santa Cruz County Bank has proven itself to be a leader in SBA lending in the Fresno District and state of California. I’m pleased to be part of this experienced lending team and look forward to making a difference locally through lending and community involvement,” stated Ms. Perkins.
David Heald, President and CEO commented, “Barbara’s extensive lending expertise is a compliment to the depth of talent in our SBA department. We look forward to Barbara’s contributions to the bank’s continued success.”
New ATMs are here!
We’ve rolled out new ATMs with advanced technology at every location to better serve you.
Enjoy the simplicity of making deposits with no envelopes or deposit slips required, streamlined transaction processing, and enhanced security with every transaction through EMV chip card technology.
Here are Quick Tips to make your first experience at the new ATMs simple and efficient.
Inserting Your Card
Our new ATMs have card readers with EMV chip card technology.
- To get started, insert your ATM or Debit Card quickly in and out of the card reader.
- If your card has EMV chip card technology, you will be asked to reinsert your card for the duration of the transaction.
- Enter your PIN as prompted.
- If using an EMV chip card, please remember to remove your card at the end of your transaction.
A Simpler Way of Making Deposits
To make a deposit, insert cash or checks without a deposit slip or envelope. With our new deposit automation technology, you can:
- Deposit up to 30 checks or 50 bills (currency) at a time.
- Instantly view images of your checks on screen.
- Verify deposit amounts totaled by ATM.
- Choose to print a receipt with check images, itemized list or no receipt.
We encourage you to contact us with questions and welcome your feedback.
Santa Cruz County Bank Named Industry Top Performer in National Community Bank Rankings
ICBA Independent Banker, published by the Independent Community Bankers of America (ICBA) has recognized the Bank as an ICBA industry top performer in its May issue. Santa Cruz County Bank’s recognition is based on the strength of its competitive banking services and operational efficiencies throughout 2015, which resulted in its rank of 22nd for return on average equity of 13.15%.
“Santa Cruz County Bank is delighted to be recognized as an ICBA top performer,” said David V. Heald, president and CEO. “As a proud member of the Santa Cruz County community, we credit our loyal, local customers and dedicated employees for our success. We look forward to serving the unique needs of our community and helping it grow and prosper in the years to come.”
“Whether serving rural, suburban or large metropolitan areas, community banks operate with a focus on their customers and communities,” said Chris Lorence, ICBA’s executive vice president and chief marketing officer. “Santa Cruz County Bank knows their local market and thrives because they stay true to the principles of community banking while showcasing drive, ingenuity and community commitment. Santa Cruz County Bank demonstrates integrity, enthusiasm and inventiveness in the financial industry, and for that reason ICBA is proud to recognize this community bank and its employees for their outstanding efforts.”
This year’s ICBA top-performers rankings underscore the importance of focusing on serving customers and communities, first and foremost. Delivering superior service, following disciplined pricing models, and supporting their local communities and neighborhoods are trends among those community banks recognized within the rankings. These community banks featured stick to well-known industry fundamentals, while embracing the changing industry landscape.
As part of its annual performance rankings of its member institutions, ICBA pulled year-end FDIC call report earnings data to identify the 25 community banks with the highest return on average assets (ROAA) and return on average equity (ROAE) ratios for all of 2015. Both Subchapter C corporation and Subchapter S corporation institutions in six asset-size categories were recognized.
To see this year’s ICBA top-performers listings, read the article “The Best of the Best” on ICBA Independent Banker’s website at www.independentbanker.org.
Santa Cruz County Bank receives United Way Corporate Spirit Award
The United Way of Santa Cruz County has honored Santa Cruz County Bank with the Community Builder Corporate Spirit Award. This award recognizes the Bank’s development of successful strategies that encourage employees to give, advocate, volunteer and promote United Way-led community solutions. United Way of Santa Cruz County states, "Santa Cruz County Bank is being recognized for its longstanding partnership with the United Way through its workplace campaign efforts, service on the United Way board, involvement in the Emerging Leaders Circle, and participation in volunteer efforts such as Make A Difference Day and Stuff the Bus."
The Bank dedicates this award to its employees, who are tireless community champions. Thank you Team SCCB! To read more about the Bank's community involvement, click here.
Santa Cruz County Bank Named to 2016 OTCQX Best 50
Santa Cruz County Bank has been named to the 2016 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2016 OTCQX Best 50 were ranked based on 2015 stock performance.
Santa Cruz County Bank President and CEO David Heald stated, “Compared to 425 U.S. and international companies, Santa Cruz County Bank ranked 26th among the Best 50 performing companies with a return of 34.45% to shareholders in 2015. Our ranking confirms the Bank’s continued strong financial performance and commitment to building shareholder value.”
The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.
To view the 2016 OTCQX Best 50 Companies, click here.
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
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!