Golden Valley Bank Posts Record Profits for 2014

Golden Valley Bank (OTCBB: GVYB), Mark Francis, President and CEO of Golden Valley Bank today reported that the company had its most profitable full year since the Bank’s 2006 opening with net income of $1,513,513 ($0.76 per share) for the year ended December 31, 2013, up 12% from the $1,346,564 ($0.67 per share) earned in 2013. Net income for the quarter ended December 31, 2014 was $427,107, ($0.22 per share) compared to net income of $310,484, ($0.15 per share) for the quarter ended December 31, 2013.

The Bank’s total assets were $165.8 million, up 10% from a year earlier. Deposits were $138.3 million, up 5% from December 31, 2013. Loans ended the year up 8% at $103.8 million compared to a year ago. Asset quality continues to be excellent as only .08% of total assets are considered to be non-performing. By comparison, the industry average was 1.52% of total assets for the Bank’s national peer group, based on data provided as of September 30, 2014 (the most recent data available). Golden Valley continues to be a well capitalized bank and far exceeds minimum regulatory requirements.

Further, the Bank’s Board of Directors declared a cash dividend for the fourth quarter of $0.05 per common share for stockholders of record as of January 6, 2015. The payment date for the dividend will be January 16, 2015.

“As we continue to grow the bank, we do so with the commitment of providing Absolutely Outstanding Customer Service,” said Francis, “the consistently high satisfaction levels and number of referrals we receive from our customers are solid proof of our strong service commitment.”

Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California. The Bank has a full service office in Chico, California and a Loan Production Office in Redding, California. For more information regarding the bank please call at (530) 894-1000 or visit www.goldenvalleybank.com.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results are pre-fiscal year-end audit and may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.

Golden Valley BankMark Francis, 530-894-4920mfrancis@goldenvalleybank.com

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