ICB Financial announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $256,000 or $0.05 per diluted share, total interest income of $3,577,000 and net income before applicable income taxes of $570,000 against net income of $221,000 or $0.04 per diluted share, total interest income of $3,635,000 and net income before applicable income taxes of $359,000 for the same period a year ago. Return on average assets was 0.39% against return on average assets of 0.34% a year ago. Return on average equity was 3.35% against return on average equity of 2.79% a year ago. Book value per share was $5.96 against $6.08 a year ago. For the six months, the company reported net loss of $282,000, total interest income of $6,891,000 and net loss before applicable income taxes of $278,000 against net income of $696,000, total interest income of $7,536,000 and net income before applicable income taxes of $1,115,000 for the same period a year ago. This decrease in income was due primarily to the increase in the provision for loan losses of $620,000. Net loss per diluted share for the first half of 2009 was $0.06 compared to net income of $0.13 for the first half of 2008, a decrease of 142%. Negative Return on average assets was 0.21% against return on average assets of 0.60% a year ago. Negative Return on average equity was 1.84% against return on average equity of 4.38% a year ago. Book value per share was $5.96 against $6.09 a year ago.

Inland Community Bank, N.A. and ICB Financial have announced the addition of Gene Wood to the Board of Directors as of April 16, 2009. Mr. Wood has been in the California banking industry for over 44 years and recently retired as President of a local Inland Empire bank. In addition to Mr. Wood's banking background, he has served as chairman of the World Affairs Council, President of the San Bernardino Chamber of Commerce, and President of San Bernardino County Children's Resources.

ICB Financial reported consolidated earnings results for the first quarter ended March 31, 2009. The company reported net interest income of $2,357,000, net loss before applicable income taxes of $848,000, net loss of $538,000 or $0.10 diluted per share, negative return on average assets of 0.79%, negative return on average equity of 0.01% and total interest income of $3,314,000 against net interest income of $2,716,000, net income before applicable income taxes of $756,000, net income of $475,000 or $0.08 diluted per share, return on average assets of 0.78%, return on average equity of 5.81% and total interest income of $3,901,000 for the same period a year ago.