Stellar Business Bank reported unaudited earnings results for the first nine months ended September 30, 2009. For the quarter, the company reported loss of $1,148,425 or $0.50 basic loss per share, which includes a gain on sale of investment securities of $979,210 and a loan loss provision of $430,409. This is compared to a net loss of $1,665,797 or $0.73 basic loss per share in the same fiscal period last year, which included a loan loss reserve provision of $396,744. These numbers also reflect the impact of accounting rules that require companies to include stock option compensation as an expense. Net loss before taxes was $1,147,625 compared to $1,665,797 for the same period of last year. Book value per share as on date was $7.94 compared to $8.60 for the same period of last year.

Stellar Business Bank reported unaudited earnings results for the six months ended June 30, 2009. For the period, the company reported net loss of $709,852 or $0.31 per basic share on interest and loan fee income of $1,841,424 compared to net loss of $1,131,071 or $0.49 per basic share on interest and loan fee income of $1,473,998 for the same period a year ago. These numbers also reflect the impact of accounting rules that require companies to include stock compensation as an expense. The company reported net loss before taxes of $709,052 and book value per share of $7.89 compared to net loss before taxes of $1,131,071 and book value per share of $8.65 for the same period a year ago. The company reported net interest income after provision for loan losses of $459,752 compared to net interest income after provision for loan losses of $562,426 for the same period a year ago. The company announced that improved year-to-date earnings performance, compared with the first six-months of 2008, due to first quarter 2009 non-recurring gain on the sale of investments securities.

Stellar Business Bank announced the expansion of its cash management service offerings with the addition of its new Business Services Division. The bank's new Business Services Division encompasses a variety of new technology capabilities for the Bank's customers, combined with the personal service and support of proficient banking and information technology (IT) professionals. The Business Services Division provides the Bank's customers with such relationship-enhancing and technologically advanced services as remote deposit capture, various online banking capabilities, remote IT support, merchant services, on-site assistance at customers' place of business, training and more. The Bank's Business Services Division is led by Nicole Striegel, an experienced local banker and IT professional.