PFBN Pacific Alliance Bank (PK)

Pacific Alliance Bank (OTCBB: PFBN) continues its growth, reporting its third consecutive profitable quarter, supported by ongoing referrals of business operating relationships from shareholders and clients.

We report our operating results for the 4th quarter ending December 31, 2010, as follows:

• The Bank reports 4th Quarter net profit of $16,000, its third consecutive profitable quarter. This was $15,000 lower than the same period 2009 result of net profit of $31,000. The decrease was primarily due to increase in expense provision for loan losses associated with loan portfolio growth for the 4th quarter of 2010.
• Total Assets increased by $11.6 million to $ 100.5 million, or 13% growth from $88.9 million at December 31, 2009.
• Loans outstanding increased by $13.5 million to $68.4 million, or 24.5% growth from $55 million at December 31, 2009.
• Deposits outstanding increased by $5.4 million to $79.8 million, or 5.4% growth from $74.4 million at December 31, 2009.
• The Bank provided $80,000 for loan losses for the quarter, with allowance for loan losses to total loans at 2.27%.
• As of December 31, 2010, two SBA 7a loans were on nonaccrual, with total principal of $187,000 (75% SBA guaranteed).
• The Bank continues to be categorized as “well-capitalized” under the regulatory guidelines, with Tier 1 leverage capital ratio of 12.62%, Tier 1 risk-based capital ratio of 18.54%, and Total risk-based capital ratio of 19.79%.
• For the year ended December 31, 2010, the net profit was $86,000, or $0.05 per share, compared with the net loss of $1,977,000, or $1.19 per share for December 31, 2009.

Pacific Alliance Bank continues its mission of delivering business value, serving small to mid-size businesses, owners, and key employees who seek a personal bank ready to meet their banking needs with customized services.

Pacific Alliance Bank is a full-service FDIC insured community bank, headquartered at 8400 E. Valley Blvd., Rosemead, California 91770. For more information, contact Ms. Trish Lomeli-Sproles at 626-773-8897 or tsproles@pacificalliancebank.com and visit http://www.pacificalliancebank.com.

This document may include forward-looking information, which is subject to the "safe harbor" created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act and the Private Securities Litigation Reform Act of 1995. When the Bank uses or incorporates by reference in this document the words "anticipate," "estimate," "expect," "project," "intend," "commit," "believe" and similar expressions, the Bank intends to identify forward-looking statements. Our actual results may differ materially from those projected in any forward-looking statements, as they will depend on many factors about which we are unsure, including many factors which are beyond our control.

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