Chino Commercial Bank, N.A. Reports Results for the Year End 2001

Chino, California, UNITED STATES


CHINO, Calif., Feb. 4, 2002 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the fiscal year 2001, which reflected an increase in assets of 92.2% to $26.2 million. Dann H. Bowman, President and Chief Executive Officer stated, "The tremendous community support has allowed the Bank to continue to grow very rapidly, even during these challenging economic times. In addition to the growth of assets, we are extremely pleased with the Bank's asset quality and the high percentage of core deposits, specifically non-interest bearing deposits which exceeded 64% of the $20.0 million in deposits at December 31, 2001."

Mr. Bowman further stated, "Our challenge in 2001 was sustaining revenue during a year which saw interest rates decline further and faster than anyone expected. With Fed funds declining from 6.50% to 1.75% in only 11 months, the Bank was challenged to increase earning assets at a pace faster than rates were declining. That reduction in interest rates significantly impacted the yield on earning assets causing the interest rate margin to decline to 5.40% at December 31, 2001 as compared with 6.72% at December 31, 2000."

Due substantially to the decline in the net interest margin and the Bank's loan growth of 575%, for which the Bank provided an increase in the loan loss reserves of $92,500, the Bank reported a year-to-date loss as of December 31, 2001 of $228,831 or $(.42) per share compared to a four month loss as of December 31, 2000 of $218,540 or $(.40) per share. The net loss for the three months ending December 31, 2001 was $54,714 or $(.10) per share for the fourth quarter compared to a loss of $164,037 for the three months ending December 31, 2000. The Bank began operations on September 1, 2000.

The Bank posted net interest income of $327,516 for the three months ended December 31, 2001 as compared to $174,128 for the three months ended December 31, 2000. Average interest-earning assets were $24.1 million with average interest-bearing liabilities of $8.5 million yielding a net interest margin of 5.44% for the fourth quarter of 2001 as compared to average interest-bearing assets of $10.3 million with average interest-bearing liabilities of $2.2 million yielding a net interest margin of 6.82% for the three months ended December 31, 2000. Net interest income was $1.1 million for the year ending December 31, 2001 as compared to $205,396 for the four months ending December 31, 2000. Average interest-earning assets were $20.6 million with average interest-bearing liabilities of $6.4 million yielding a net interest margin of 5.40% for the year ending December 31, 2001 as compared to average interest-bearing assets of $9.2 million with average interest-bearing liabilities of $1.7 million yielding a net interest margin of 6.72% for the four months ended December 31, 2000.

General and administrative expenses were $410,691 for the three months ended December 31, 2001 as compared to $325,101 for the three months ended December 31, 2000. Year-to-date general and administrative expenses were $1,365,105 for the period ending December 31, 2001 as compared to $409,581 for the four months ending December 31, 2000. The largest component of general and administrative expenses was salary and benefits expense of $193,059 for the fourth quarter of 2001 as compared to $153,513 for the fourth quarter of 2000. Year-to-date salary and benefit expense was $587,800 for the year ending 2001 compared to $198,032 for the four months ending December 31, 2000. Full-time equivalent staff increased from nine employees to thirteen employees creating the increase in salary and benefit expense.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements based upon management's current expectations and beliefs concerning future developments and their potential effect on Chino Commercial Bank. There can be no assurances that future developments affecting Chino Commercial Bank will be the same as those anticipated by management.

Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. These include, but are not limited to, the following risks; (1)changes in performance of the financial markets; (2)changes in the demand for and market acceptance of Chino Commercial Bank's products and services; (3)changes in general economic conditions including interest rates, presence of competitors with greater financial resources, and the impact of competitive products and pricing; (4)the effect of Chino Commercial Bank's policies; (5)the continued availability of adequate funding sources.


                      CHINO COMMERCIAL BANK
                     STATEMENT OF OPERATIONS

                     For the three months ending  For the year ending
                           December 31, 2001         December 31,
                          2001       2000 (1)     2001      2000 (1)
                       ----------  ----------  ----------  ----------
 Interest Income
  Interest Income
   - Securities        $  161,628      23,064  $  674,376      25,346
  Interest Income
   - Fed Funds             17,620     131,828     170,542     161,084
  Interest and fee
   income on Loans        213,173      42,693     497,512      43,985
                       ----------  ----------  ----------  ----------
  Total Interest
   Income                 392,421     197,585   1,342,430     230,415
                       ----------  ----------  ----------  ----------
 Interest Expense
  Interest Expense
   - Deposits              50,483      23,457     191,929      25,019
  Interest Expense
   - Borrowings            14,422        --        41,090        --
                       ----------  ----------  ----------  ----------
  Total Interest
   Expense                 64,905      23,457     233,019      25,019
                       ----------  ----------  ----------  ----------
  Total net
   interest income        327,516     174,128   1,109,411     205,396
                       ----------  ----------  ----------  ----------
 Provision for
  loan losses              19,350      15,200      94,900      16,700
                       ----------  ----------  ----------  ----------
  Total net interest
   income after
   provision for
   loan losses            308,166     158,928   1,014,511     188,696
                       ----------  ----------  ----------  ----------
 Non-interest income
  Service Charges on
   Deposit Accounts        30,871       1,562      76,172       1,611
  Other miscellaneous
   fee income                 856         574       2,289         734
  Gain on the Sale
   of Securities           14,144        --        41,285        --
  Income from
   Mortgage Banking         1,927       1,927
  Other income                 13        --            90        --
                       ----------  ----------  ----------  ----------
  Total Non-interest
   income                  47,811       2,136     121,763       2,345
                       ----------  ----------  ----------  ----------
 General &
 Administrative Expenses
  Salaries & Benefits     193,059     153,513     587,800     198,032
  Occupancy & Equipment    62,592      49,349     231,145      63,797
  Data & Item
   Processing              43,813      26,004     132,556      31,320
  Advertising
   & Marketing             15,671      18,390      53,840      20,964
  Audit &
   Professional fees       20,496      13,264      87,988      18,015
  Insurance                 3,060       2,565      10,920       3,538
  Other expenses           72,000      62,016     260,856      73,915
                       ----------  ----------  ----------  ----------
   Total general &
    administrative
    expenses              410,691     325,101   1,365,105     409,581
                       ----------  ----------  ----------  ----------
 Income tax
  expense (benefit)           --          --          --          --
                       ==========  ==========  ==========  ==========
   Total income
    (loss)             $  (54,714) (164,037)   $ (228,831)   (218,540)
                       ==========  ==========  ==========  ==========
 Basic loss per share  $    (0.10)    (0.30)   $    (0.42)      (0.40)
                       ==========  ==========  ==========  ==========
 Diluted loss per
  Share                $    (0.10)    (0.30)   $    (0.41)      (0.39)
                       ==========  ==========  ==========  ==========

 (1) Chino Commercial Bank was in organization until September 1, 2000
     when the Bank opened for business.


                        CHINO COMMERCIAL BANK
                   STATEMENT OF FINANCIAL CONDITION

                                         December 31,     December 31,
                                            2001             2000
                                         ------------    ------------
 ASSETS:
 Cash and Due from Banks                 $  2,177,720       1,162,083
 Federal Funds Sold                              --         8,790,000
                                         ------------    ------------
         Cash and Cash equivalents          2,177,720       9,952,083

 Interest-bearing deposits at banks           893,000            --
 Investment Securities available for sale   8,542,280       1,119,409
 Investment Securities held to maturity
  (fair value approximates $2,343,770)      2,359,087
 Federal Reserve Bank stock, at cost          142,550         159,100
 Federal Home Loan Bank stock, at cost        107,800             500
 Pacific Coast Bankers'
  Bank stock, at cost                          50,000          50,000
 Loans held for sale                          135,000
 Loans
     Construction                           1,781,829          93,459
     Real estate                            4,497,742         602,494
     Commercial                             3,952,089         897,367
     Installment                              868,671          76,136
     Unearned fees and discounts               30,157            --
     Allowance for loan losses               (111,600)        (16,700)
                                         ------------    ------------
             Total Loans                   11,018,888       1,652,756
                                         ------------    ------------
 Fixed Assets, net                            523,848         588,549
 Accrued Interest Receivable                  130,555          29,784
 Prepaid & Other Assets                        69,700          52,646
                                         ============    ============
           Total Assets                  $ 26,150,428      13,604,827
                                         ============    ============
 LIABILITIES:
 Deposits
    Non-interest Bearing                 $ 12,814,625       5,617,940
    Interest Bearing
      Money market                          5,187,852       2,471,755
      Savings                                 213,980         148,105
      Time deposits of $100,000 or
        greater, due in one year              910,428         200,000
      Time deposits less than $100,000,
        due in one year                       873,665         239,146
                                         ------------    ------------
       Total Deposits                      20,000,550       8,676,946
                                         ------------    ------------
 Fed Funds Purchased                          160,000
 Federal Home Loan Bank Advance             1,250,000            --
 Accrued Interest Payable                      31,099           4,600
 Accrued Expenses & Other Payables             58,643          56,709
                                         ------------    ------------
      Total Liabilities                    21,500,292       8,738,255
                                         ------------    ------------

 STOCKHOLDERS' EQUITY
  Common Stock, authorized 10,000,000
   shares with a par value of $5 per
   share; issued and outstanding 545,646
   and 543,982 at December 31, 2001 and
   December 31, 2000, respectively          2,728,230       2,719,910
  Additional paid-in capital                2,590,893       2,582,573
  Accumulated deficit                        (672,207)       (443,376)
  Accumlated other comprehensive income         3,220           7,465
                                         ------------    ------------
        Total Equity                        4,650,136       4,866,572
                                         ------------    ------------
           Total Liabilities & Equity    $ 26,150,428      13,604,827
                                         ============    ============


        

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