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Temecula Valley Bancorp Inc (PK:TMCV)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 27710 Jefferson Ave Ste a-100
TEMECULA CA 92590-4604
Tel: N/A
Website: N/A
IR: N/A
Key People
Neil M. Cleveland
Chairman of the Board
Janice Stewart
Executive Vice President and Human Resources Director
David H. Bartram
Senior Executive Vice President
Dan Stake
Executive Vice President
James W. Andrews
Senior Executive Vice President/Chief Credit Officer of the Bank
Michael J. Curran
Executive Vice President and Chief Risk Officer
Philip E. Guldeman
Chief Financial Officer, Senior Executive Vice President of the Bank
Thomas P. Ivory
Senior Executive Vice President and East County Regional Manager of the Bank
Luke Matteson
Executive Vice President and Regional Manager
Timothy S. McDougal
Executive Vice President, East County Manager of the Bank
   
Business Overview
Temecula Valley Bancorp Inc. serves as the holding company for Temecula Valley Bank (the Bank). The Company's activities consist of owning the outstanding common stock of the Bank, Temecula Valley Statutory Trust II, Temecula Valley Statutory Trust III, Temecula Valley Statutory Trust IV, Temecula Valley Statutory Trust V and Temecula Valley Statutory Trust VI. The Bank has 11 full-service banking offices in California providing services to customers in the Riverside, San Bernardino and San Diego Counties. Its principal office is located in Temecula, California with other California full-service offices in Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, and in the Rancho Bernardo area of San Diego. The Bank also operates loan production offices, which principally generate construction and/or real estate secured loans in Ontario and Temecula, California.
Financial Overview
For the three months ended 31 March 2009, Temecula Valley Bancorp Inc interest income decreased 36% to $16.5M. Net interest loss after loan loss provision totaled $16.6M vs. income of $11.3M. Net loss totaled $36.2M vs. income of $1.5M. Net interest income after loan loss provision reflects Interest on Federal Funds decrease of 95% to $11K, Interest bearing deposits in financial decrease of 38% to $8K.