SOURCE: Columbia Commercial Bancorp

April 19, 2007 16:05 ET

Columbia Commercial Bancorp (CLBC) Announces 1st Quarter 2007 Assets and Earnings Growth Results

HILLSBORO, OR -- (MARKET WIRE) -- April 19, 2007 -- Columbia Commercial Bancorp (OTCBB: CLBC), a single bank financial holding company for Columbia Community Bank, reported a net profit of $973,000 for the three-month period ending March 31, 2007, which was $234,000 more than the $739,000 reported during the same period in 2006. Earnings per fully diluted share increased to $0.63 from $0.50 for the comparable periods.

"Earnings and asset growth continue to be driven by strong loan demand in the bank's business market segments. The Oregon real estate market has slowed but remains stable and quality of our loan portfolio remains very strong," said Rick A. Roby, President and CEO. "Margin compression which has been a steady trend for the past year has stabilized and management believes margin will improve as this rate cycle nears a point when market rates will begin to decrease later in 2007. Margins continue to be very good when compared to our national peer group," added Roby.

First Quarter Highlights: First Quarter 2007 versus First Quarter 2006

--  Total Assets grew from $195.6 million to $292.5 million, an increase
    of 50%
--  Gross Loan Portfolio grew from $170.5 million to $235.8 million, an
    increase of 38%
--  Total Deposits increased from $138.8 million to $192.0 million, an
    increase of 38%
--  Gross Revenue increased from $4.05 million to $6.09 million, an
    increase of 50%
--  Interest Expense increased from $1.5 million to $2.8 million, an
    increase of 87%
--  Operating Expenses (Non Interest) increased from $1.24 million to
    $1.58 million, an increase of 27%
    
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 has been named one of the 2006-2007 "100 Best Companies to Work for in Oregon" by Oregon Business Magazine and also named by The Portland Business Journal as one of the 2006 "Fastest-Growing Private 100 Companies." 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.

                        Columbia Commercial Bancorp
                                Un-audited

                      Consolidated Income Statement
                                  (000)


                                                 %Change            %Change
                                 For the Three     2006    Fourth   Q1-2007
                                 Months Ending      vs.    Quarter    vs.
                             3/31/2007  3/31/2006  2007  12/31/2006 Q4-2006

INTEREST INCOME
   Interest and Fees-Loans   $   5,423  $   3,755   44.4% $   5,036    7.7%
   Interest- Investments     $     572        172  232.6% $     473   20.9%
   Interest-Federal Funds    $      11         38  -71.1% $       2  450.0%
                             ---------  ---------         ---------
TOTAL INTEREST INCOME        $   6,006  $   3,965   51.5% $   5,511    9.0%

INTEREST EXPENSE
   Deposit Accounts          $  (1,860) $  (1,051)  77.0% $  (1,630)  14.1%
   Repurchase/ Fed Funds     $    (219)       (84) 160.7% $    (244) -10.2%
   FHLB Borrowing            $    (527)      (224) 135.3% $    (407)  29.5%
   Trust Preferred
    Securities               $    (160)      (142)  12.7% $    (161)  -0.6%
   Other Capital Borrowing   $     (36)         -         $     (36)   0.0%
                             ---------  ---------         ---------
TOTAL INTEREST EXPENSE       $  (2,802) $  (1,501)  86.7% $  (2,478)  13.1%

NET INTEREST INCOME          $   3,204  $   2,464   30.0% $   3,033    5.6%
                             ---------  ---------         ---------

PROVISION FOR LOAN LOSSES    $    (150) $    (105)  42.9% $    (170) -11.8%
                             ---------  ---------

NET INCOME AFTER PROVISION   $   3,054  $   2,359   29.5% $   2,863    6.7%
                             ---------  ---------         ---------


NON-INTEREST INCOME
   Total Non-Interest Income $      87  $      87    0.0% $      82    6.1%
   Gains+/Losses- Securities $       -  $       -         $       -
                             ---------  ---------         ---------
TOTAL NON-INTEREST INCOME    $      87  $      87    0.0% $      82    6.1%

NON-INTEREST EXPENSE
   Operating Expenses        $  (1,580) $  (1,242)  27.2% $  (1,518)   4.1%

INCOME BEFORE PROVISION FOR
 INCOME TAXES                $   1,561  $   1,204   29.7% $   1,427    9.4%
                             ---------  ---------

PROVISION FOR INCOME TAXES   $    (588) $    (465)  26.5% $    (489)  20.2%

NET INCOME                   $     973  $     739   31.7% $     938    3.7%
                             =========  =========

Earnings Per Share           $    0.66  $    0.50   32.0% $    0.64    3.1%
                             =========  =========

Earnings Per Share-Fully
 Diluted                     $    0.63  $    0.49   28.6% $    0.60    5.0%
                             =========  =========



                       Columbia Commercial Bancorp
                                Un-audited

                        Consolidated Balance Sheet
                                  (000s)


                                                       $ Change   %Change
                              For Three Months Ending  2007 vs.     2007
                                3/31/2007  3/31/2006     2006     vs. 2006
                                ---------  ---------  ---------  ---------
ASSETS
  Cash & Balances due from
   Banks                        $   3,909  $   2,991  $     918       30.7%
  Investments                      45,196     15,803  $  29,393      186.0%
  Federal Funds Sold                    -      1,938  $  (1,938)    -100.0%
  Gross Loans                     235,784    170,497  $  65,287       38.3%
  Allowance for Loan Losses        (2,509)    (1,917) $    (592)      30.9%
                                ---------  ---------
  Net Loans                     $ 233,275  $ 168,580  $  64,695       38.4%

  Other Assets                     10,122      6,311  $   3,811       60.4%
                                ---------  ---------
                                                      $       -
TOTAL ASSETS                    $ 292,502  $ 195,623  $  96,879       49.5%
                                =========  =========



LIABILITIES
  Total Deposits                $ 192,069  $ 138,847  $  53,222       38.3%
  Federal Funds/ Repurchases       17,991     10,279  $   7,712       75.0%
  FHLB Borrowings                  51,500     22,700  $  28,800      126.9%
  Other Liabilities                 2,401      1,129  $   1,272      112.7%
    Term Debt (WARZ Investment)     1,957          -  $   1,957
    Trust Preferred Securities      8,248      8,248  $       -        0.0%
                                ---------  ---------
TOTAL LIABILITIES               $ 274,166  $ 181,203  $  92,963       51.3%
                                ---------  ---------

STOCKHOLDER'S EQUITY
  TOTAL STOCKHOLDERS' EQUITY    $  18,336  $  14,420  $   3,916       27.2%
                                ---------  ---------
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY           $ 292,502  $ 195,623  $  96,879       49.5%
                                =========  =========



                                            $Change    %Change
                                 Quarter    Q1-2007    Q1-2007
                                 Ending       vs.        vs.
                               12/31/2006   Q4-2006    Q4-2006
                                ---------  ---------  ---------
ASSETS
  Cash & Balances due from
   Banks                        $   5,052  $  (1,143)     -22.6%
  Investments                   $  36,635  $   8,561       23.4%
  Federal Funds Sold            $      52  $     (52)
  Gross Loans                   $ 212,505  $  23,279       11.0%
  Allowance for Loan Losses     $  (2,320) $    (189)       8.1%
                                ---------
  Net Loans                     $ 210,185  $  23,090       11.0%

  Other Assets                  $   9,799  $     323        3.3%
                                ---------

TOTAL ASSETS                    $ 261,723  $  30,779       11.8%
                                =========



LIABILITIES
  Total Deposits                $ 174,819  $  17,250        9.9%
  Federal Funds/ Repurchases    $  18,571  $    (580)      -3.1%
  FHLB Borrowings               $  39,000  $  12,500       32.1%
  Other Liabilities             $   1,819  $     582       32.0%
    Term Debt (WARZ Investment) $   1,976  $     (19)      -1.0%
    Trust Preferred Securities  $   8,248  $       -        0.0%
                                ---------
TOTAL LIABILITIES               $ 244,433  $  29,733       12.2%
                                ---------

STOCKHOLDER'S EQUITY
  TOTAL STOCKHOLDERS' EQUITY    $  17,290  $   1,046        6.0%
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY           $ 261,723  $  30,779       11.8%
                                =========

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