Bank of Napa Posts Record $1.9 Million Profit


Bank of Napa Posts Record $1.9 Million Profit

NAPA, Calif.--(BUSINESS WIRE)-- Bank of Napa, N.A. (OTCBB: BNNP) announced its 2012 financial results, which included net income of $1,913,000. The substantial increase in 2012 net income represents a $773,000 or 67.8% improvement over last year.

Bank of Napa's total deposits at December 31, 2012 were $128.8 million, an increase from last year of $7.7 million. Loan totals at December 31, 2012 were $87.6 million, an increase of $8.0 million from 2011, and the Bank's total assets reached $149.9 million, a $9.9 million increase over last year.

President and Chief Executive Officer Tom LeMasters stated, "We are proud to have achieved measured balance sheet growth, continued credit quality, and substantially improved profitability for our shareholders."

At December 31, 2012, the bank had equity capital of $20.4 million, and all capital ratios were in excess of the regulatory definition for "well capitalized" distinction. Bank of Napa is the Napa Valley's only locally owned community bank, and has been awarded the Bauer Financial "Five Star Rating" for financial strength.

Dec. 31, 2012

Dec. 31, 2011

$ Increase

Total Assets




Total Loans




Total Deposits




Net Income




Diluted EPS




Return on Avg. Assets (ROA)




Return on Avg. Equity (ROE)




Bank of Napa, N.A. offers a complete range of loan and deposit products and services to businesses and consumers in the Napa Valley. Its full service office is located at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101 in the Redwood Plaza near Vallerga's Market in Napa, CA. Bank of Napa is a member of the FDIC. Its common stock is traded on the Over the Counter Bulletin Board under the symbol BNNP and the Bank can be found on the web at

Information contained herein may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Bank of Napa, N.A.
Tom LeMasters, President & CEO, 707-257-7777

KEYWORDS: United States North America California


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