SOURCE: Columbia Commercial Bancorp

October 12, 2007 16:00 ET

Columbia Community Bancorp Reports Financial Results for Nine Months Ending September 30, 2007

HILLSBORO, OR--(Marketwire - October 12, 2007) - Columbia Commercial Bancorp (OTCBB: CLBC), a single bank financial holding company for Columbia Community Bank, reported a net profit of $3,061,000 for the nine month period ending September 30, 2007. That figure is $708,000 more than the $2,353,000 reported during the same period in 2006. Earnings per fully diluted share increased to $1.03 from $0.80, or 28.75% over the periods compared. A 100% stock dividend was declared July 1, 2007, increasing the weighted average shares to 2,960,690 as of September 30, 2007. Prior periods were adjusted to make a like comparison.

"The general economy of Oregon and southwest Washington remains strong compared to other regions of the country, and we anticipate this trend to continue for some time. Sales in the region's real estate markets have slowed, but prices remain stable and the quality of our loan portfolio remains very healthy," said Rick A. Roby, president and CEO. "Net interest margin compression has been a steady trend for the past year. The Federal Reserve Board recently lowered short term rates by 50 basis points and we expect more reductions as the FOMC fights recession. We are positioning the company's brokered CD portfolio to take advantage of lower funding costs at longer terms, which we think will be positive for long-term earnings of the company. The net interest margin continues to be very good when compared to our national peer group."

Highlights: Third Quarter 2007 vs. Third Quarter 2006

--  Total assets grew from $235.2 million to $320.6 million, an increase
    of 36.3%;
    
--  Gross loan portfolio grew from $188.5 million to $265.5 million, an
    increase of 40.8%;
    
--  Total deposits grew from $160.0 million to $222.6 million, an increase
    of 39.1%;
    
--  Gross revenue grew from $13.855 million to $19.643 million, an
    increase of 41.8%;
    
--  Interest expense grew from $5.646 million to $9.175 million, an
    increase of 62.5%; and
    
--  Operating expenses (non-interest) grew from $4.086 million to $4.823
    million, an increase of 18.0%.
    

About Columbia Commercial Bancorp:

Information about the company's stock may be obtained through the Over the Counter Bulletin Board at www.otcbb.com. Columbia Commercial Bancorp's stock symbol is CLBC.

Columbia Commercial Bancorp was formed in 2002 as a holding company for Columbia Community Bank, which was opened in 1999 by local business people to provide business loans and deposit products for Oregon businesses.

With offices in Hillsboro, Forest Grove, Tanasbourne and Tigard/Durham, Columbia Community Bank is dedicated to providing a superior and personalized business banking experience for its clients in and around Oregon. The bank was named among the "100 Best Companies to Work for in Oregon" by Oregon Business Magazine (2007); US Banker magazine ranked Columbia Community Bank number 51 among 7,966 banks in the nation with assets of $1 billion or less (2007); and the bank has also been named by Portland Business Journal as one of the "100 Fastest-Growing Private Companies in Oregon" for seven consecutive years.

For more information about Columbia Community Bank, please call (503) 693-7500 or visit www.columbiacommunitybank.com.

Certain statements in this release may constitute forward-looking statements within the definition of the "safe-harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to significant uncertainties, which could cause actual results to differ materially from those set forth in such statements. Forward-looking statements can be identified by words such as "believe," "estimate," "anticipate," "expect," "intend," "will," "may," "should," or other similar phrases or words. Readers are cautioned not to place undue reliance on forward-looking statements. The bank does not intend to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

                                Unaudited
                        Consolidated Balance Sheet
                                  (000)



                       For Nine Months
                         Ending 9/30
                                                       As of
                                                      June 30,    Quarterly
                       2007       2006       Change     2007       Change
                     ---------- ---------- ---------  ---------  ---------
                                            (06 vs.               (Q2 vs.
                                              07)                   Q3)
ASSETS
  Cash & Balances
   due from Banks         3,576      3,971     -9.95% $   4,837  $  (1,261)
  Investments            43,934     35,929     22.28%    43,352  $     582
  Federal Funds Sold          0          0                   29  $     (29)

  Gross Loans           265,520    188,525     40.84%   255,476  $  10,044
  Allowance for Loan
   Losses                 -2920      -2187     33.52%    (2,710) $    (210)
                                                      ---------
  Net Loans             262,600    186,338     40.93%   252,766  $   9,834


  Other Assets           10,454      8,959     16.69%    10,085  $     369
                                                      ---------

TOTAL ASSETS         $  320,564 $  235,197     36.30% $ 311,069  $   9,495
                     ========== ==========            =========

LIABILITIES
  Total Deposits        222,627    159,957     39.18% $ 218,745  $   3,882
  Federal Funds/
   Repurchases           18,689     19,891     -6.04%    16,124  $   2,565
  FHLB Borrowings        45,500     27,700     64.26%    45,500  $       -
  Other Liabilities       3,213      1,212    165.10%     1,704  $   1,509
  Real Estate Term
   Debt *                 1,921      1,994     -3.66%     1,939  $     (18)
                                                      ---------
  Trust Preferred
   Securities Debt *      8,248      8,248      0.00%     8,248  $       -
                     ---------- ----------            ---------
TOTAL LIABILITIES       300,198    219,002     39.06%   292,260  $    (310)
                     ---------- ----------            =========

 Total Stockholders'
  Equity *               20,366     16,195     25.75%    18,809  $   1,557
                     ---------- ----------            ---------

                     ---------- ----------            ---------
* TOTAL DEBT CAPITAL
 + EQUITY CAPITAL        30,535     26,437     15.50%    28,996      1,539
                     ========== ==========            =========
TOTAL LIABILITIES
 AND STOCKHOLDERS'
 EQUITY              $  320,564 $  235,197     36.30% $ 311,069  $   9,495
                     ========== ==========            =========



                      Consolidated Income Statement
                                  (000)
                                                         Period
                             Period Ended                Ended
                             September 30               June 30, Quarterly
                            2007      2006     Change     2007     Change
                          --------- --------- --------  --------  --------
INTEREST INCOME
Interest and Fees-Loans      17,542    12,525    40.06% $ 11,297  $  6,245
Interest-Investments          1,785       904    97.46%    1,191  $    594
Interest-Federal Funds           54       168   -67.86%       17  $     37
                          ========= ========= ========  ========  ========
                                                                  $      -
                          --------- --------- --------  --------  --------
TOTAL INTEREST INCOME        19,381    13,597    42.54%   12,505  $  6,876
                          --------- --------- --------  --------  --------

INTEREST EXPENSE
  Deposit Accounts            6,407     4,024    59.22%    3,993  $  2,414
  Repurchase/ Fed Funds         578       339    70.50%      401  $    177
  FHLB Borrowing              1,593       811    96.42%    1,091  $    502
  Trust Preferred
   Securities                   487       459     6.10%      322  $    165
  Other Capital Borrowing       110        13   746.15%       72  $     38
                          --------- --------- --------  --------  --------
TOTAL INTEREST EXPENSE        9,175     5,646    62.50%    5,879  $  3,296
                          --------- --------- --------  --------  --------

NET INTEREST INCOME          10,206     7,951    28.36%    6,626  $  3,580
                          --------- --------- --------  --------  --------

PROVISION FOR LOAN LOSSES      -560      -350    60.00%     (350) $   (210)
                          --------- --------- --------  --------  --------

NET INCOME AFTER
 PROVISION                    9,646     7,601    26.90%    6,276  $  3,370
                          ========= ========= ========  ========  ========

TOTAL NON-INTEREST INCOME       262       258     1.55%      174  $     88
                          --------- --------- --------  --------  --------

 Operating Expenses
NON-INTEREST EXPENSE          4,823     4,086    18.04%    3,172  $  1,651
                          --------- --------- --------  --------  --------

INCOME BEFORE PROVISION
 FOR INCOME TAXES             5,085     3,773    34.77%    3,278  $  1,807

Securities Gains or
 Losses                        -123         0               (123) $      -
                                                                  --------
PROVISION FOR INCOME
 TAXES                       -1,901    -1,420    33.87%   (1,204) $   (697)
                          --------- --------- --------  --------  --------


NET INCOME                $   3,061 $   2,353    30.09% $  1,951  $  1,110
                          ========= ========= ========  ========  ========

Earnings Per Share (1)    $    1.03 $    0.80    28.75% $   0.66  $   0.37

Earnings Per Share-Fully
 Diluted                  $    1.00 $    0.76    31.58% $   0.63  $   0.37

1) 100% Stock Dividend granted 7-1-2007 doubled number of BHC shares of
   stock to a weighted average of 2,960,690 and an adjustment was made
   to September 2006 and June 2007 so an equal comparison could be made.

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