Corporate Highlights
Proven Performance
The Bank has received the highest designation of Super Premier Performing Bank from The Findley Reports for 16 years in a row. That's every year since the bank's ratings began in 1992.
Return on Investment
Net income was $7,198,000 for 2005 compared to 2004 earnings of $5,610,000.
Return on beginning shareholders' equity was 18.82% in 2005 and 17.20%
in 2004.
Unheard of Asset Quality
In 2005 the Bank had net loan charge-offs of only $8,000 compared to net
recoveries of $4,000 in 2004. Net charge-offs were only 0.03% in 2003,
0.05% in 2002 and only 0.13% in 2001. Such a high level of loan performance
is extremely rare in the industry.
Over 17 Years of Record Stock Price Gain
An original share of Butte Community Bank stock cost $10. Adjusted for eight stock splits, that's only $0.67 per share. As of March 31, 2008, that single share has increased in value 1,697%. A $10,000 investment in December 1990 would now be worth $179,700. This is an average annual gain of over 97% per year for 17.25 years.
Beyond Banking
The Company's status as a Financial Holding Company has allowed us to build divisions including Butte Community Financial Services, Butte Community Insurance Agency and Butte Community Payroll Systems. These services are carefully packaged with traditional banking products to provide a total financial management program to local business and individuals.
Stable Leadership
With over 200 years combined experience, five members of our Executive Group have been with the Bank since the beginning. Not one member of our senior management team has left for a competitor.
Top-Ranked Government Guaranteed Lender
The Bank is an SBA Preferred Lender and consistently ranks in the top ten nationwide for the processing of USDA Business & Industry (B&I) Loans.
For the fiscal year ending September 30, 2007, Butte Community Bank approved more USDA Business & Industry loans than any other lender in the nation. Administrative vice president Glenn Rilinger and his staff at the government lending division originated 20 loans totaling over $30.6 million.
Secure Financial Growth
As of December 31, 2007, total assets were $580.6 million and total deposits were $501.0 million, representing increases of 5.56% and 3.33% respectively, over the December 31, 2006 totals of $550.0 million and $484.9 million.
Total assets have increased every single year for 16 years. From a modest $24.6 million in 1991 to over $580.6 million at the close of 2007.
Synchronized Expansion
It's no accident that our future growth strategy includes Redding, Anderson and surrounding communities. These areas are growing at a much faster pace than other Northern California markets due to the lower cost of land acquisition and development.
High-Touch Meets High-Tech
The Bank has successfully combined intense personal service with the latest technology, including 24-hour telephone banking, online live chat system, online bill payment, online lockbox, remote deposit and cash management services.