SANTA CRUZ, Calif.,
March 12, 2015 /PRNewswire/ -- Santa
Cruz County Bank (OTCQX: SCZC) announced that its Board of
Directors has declared a quarterly cash dividend in the amount of
$0.05 per share. The dividend is
payable on April 10, 2015 to
stockholders of record as of the close of business on March 27, 2015. This is the eighth cash dividend
declared by Santa Cruz County
Bank.
The Bank reported $7.2 million in
pretax income, a 42% increase, for the year ended December 31, 2014 compared to the prior year. The
book value per share of Santa Cruz County Bank's common stock at
December 31, 2014 was $18.04, compared to $16.40 as of December 31,
2013. Shareholders' equity of $38.6
million as of December 31,
2014 increased $5.9 million,
18%, over December 31, 2013.
ABOUT SANTA CRUZ COUNTY
BANK
Santa Cruz County Bank, founded in 2004, is a locally
owned and operated community bank with offices located in
Aptos, Capitola, Santa
Cruz, Scotts Valley and
Watsonville. The Bank offers a
variety of competitive deposit and lending solutions for businesses
and individuals; including business loans, lines of credit,
commercial real estate financing, agricultural loans, SBA and USDA
government guaranteed loans, credit cards, merchant services,
remote deposit capture, and online banking bill payment and cash
management. For the past eight years, the Bank's SBA Department has
been recognized as a top SBA lender in Santa Cruz County for 7a and 504 loans.
RATINGS & AWARDS
The Findley Reports, Inc.:
2012 – One of eleven "Exceptional Banks" in California
2013, 2012, 2011 – "Super Premier Performing Bank"
Bauer Financial Reports, Inc.:
Santa Cruz County Bank received the distinction of 4-Star
"Excellent" and a 5-Star "Superior" by Bauer Financial Reports,
Inc., for financial performance every quarter since 2007.
American Banker Magazine:
2014 – Santa Cruz County Bank ranked 115th out of 851
institutions in American Banker Magazine's "Top Performing 200
Community Banks & Thrifts in the
United States" based upon 3-year average return on
equity.
Financial Management Consulting Group:
2014 – Santa Cruz County Bank ranked 4th out of 202
California banks in overall performance and 1st for
fewest nonperforming loans.
For more information, visit www.sccountybank.com.
This release may contain forward-looking statements that are
subject to risks and uncertainties. Such risks and uncertainties
may include but are not necessarily limited to fluctuations in
interest rates, inflation, government regulations and general
economic conditions, and competition within the business areas in
which the Bank is conducting its operations, including the real
estate market in California and
other factors beyond the Bank's control. Such risks and
uncertainties could cause results for subsequent interim periods or
for the entire year to differ materially from those indicated.
Readers should not place undue reliance on the forward-looking
statements, which reflect management's view only as of the date
hereof. The Bank undertakes no obligation to publicly revise these
forward-looking statements to reflect subsequent events or
circumstances.
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SOURCE Santa Cruz County Bank
