Orange County Business Bank, NA reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's net income was $223,000 or $0.05 per basic share against $374,000 or $0.08 per basic share for the same period in 2008. The Bank's net interest income was $2,247,000 against $2,535,000 reported a year ago. The company reported income before provision for income taxes of $378,000, interest income of $2,670,000, return on average assets of 0.35% and return on average equity of 1.70% compared to income before provision for income taxes of $635,000, interest income of $3,305,000, return on average assets of 0.59% and return on average equity of 2.90% for the same period a year ago. For the first nine months of 2009, the company's net income was $359,000 or $0.08 per basic share against $1,047,000 or $0.22 per basic share for the same period in 2008. The decrease was due to declining net interest income as a result of unprecedented low interest rates. The Bank's ability to maintain a low cost of funds was an important element in maintaining profitability in these challenging times for the periods mentioned. Net interest income was $6,529,000 against $7,431,000 for the same period in 2008. The company reported income before provision for income taxes of $608,000, interest income of $7,947,000, return on average assets of 0.19% and return on average equity of 0.92% compared to income before provision for income taxes of $1,775,000, interest income of $10,222,000, return on average assets of 0.54% and return on average equity of 2.69% for the same period a year ago. Book value per share as at September 30, 2009 was $11.17 compared to $11.02 as at December 31, 2008.

Orange County Business Bank, NA reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income was $34,000 or $0.01 per basic share on net interest income of $2,176,000 and interest income of $2,613,000 against the net income of $287,000 or $0.06 per basic share on net interest income of $2,511,000 and interest income of $3,362,000 for the same period last year. Income before provision for income taxes was $58,000 against $486,000 for the same period a year ago. Return on average assets was 0.05% against 0.43% for the same period a year ago. Return on average equity was 0.26% against 2.20% for the same period a year ago. For both periods, the decrease was due to declining net interest income as a result of unprecedented low interest rates. The Bank's ability to maintain a low cost of funds was an important element in maintaining profitability in these challenging times for the periods mentioned. For the six months, the company reported net income was $136,000 or $0.03 per basic share on net interest income of $4,283,000 and interest income of $5,278,000 against the net income of $673,000 or $0.14 per basic share on net interest income of $4,896,000 and interest income of $6,917,000 for the same period last year. Income before provision for income taxes was $231,000 against $1,140,000 for the same period a year ago. Return on average assets was 0.11% against 0.52% for the same period a year ago. Return on average equity was 0.52% against 2.58% for the same period a year ago.

Orange County Business Bank, NA reported unaudited consolidated earnings results for the twelve months ended December 31, 2008 and first quarter ended March 31, 2009. For the twelve months, the company reported income before provision for income taxes was $688,000 against income before provision for income taxes was $1,767,000 for the same period a year ago. Return on average assets was 0.19% against return on average assets was 0.50% for the same period a year ago. Return on average equity was 0.94% against return on average equity was 2.06% for the same period a year ago. Book value as of December 31, 2008 was $11.02 against book value as of December 31, 2007 was $10.92 for the same period a year ago. For the first quarter ended March 31, 2009, the company reported net income of $102,000 or $0.02 per basic share on interest income of $2,665,000 against net income of $386,000 or $0.08 per basic share on interest income of $3,555,000 for the same period a year ago. Net interest income of $2,107,000 against net interest income of $2,385,000 for the same period a year ago. Income before provision for income taxes was $173,000 against income before provision for income taxes was $654,000 for the same period a year ago. Return on average assets was 0.16% against return on average assets was 0.61% for the same period a year ago. Return on average equity was 0.78% against return on average equity was 2.96% for the same period a year ago. Book value as of March 31, 2009 was $11.04. The primary reason for the decrease in income was a result of the reduction of interest income in a low interest rate environment, despite continued growth in such areas as loans. The decrease in net interest income for the three month period was driven primarily by declining rates on company interest yielding assets which was partially offset by a decrease in company interest expense.