Net Interest Income before the Provision for Loan Losses increased by $118,000 for the second quarter of 2015 compared to the 2014 second quarter. The Net Interest Margin increased to 4.50% for the quarter ended June 30, 2015, compared to 4.48% for the same period of 2014. For the six-month period ended June 30, 2015, Net Interest Income before the Provision for Loan Losses increased by $138,000 compared to the same period in 2014. The Net Interest Margin decreased to 4.26% for the six-month period ended June 30, 2015 as compared to 4.37% in the same period in 2014. The second quarter of 2015 included the receipt of $116,000 in interest income recovered on loans previously on nonaccrual status compared to $35,000 in recovered interest income in the second quarter of 2014. Net interest income for the first six months of 2015 included $171,000 of interest income recovered on loans previously on nonaccrual status. The decrease in the net interest margin in 2015 was due to an increase in average Federal funds sold, a lower-yielding earning asset, and a lower yield on commercial real estate loans.

No Provisions for Loan Losses were required in the three and six-month periods ended June 30 in 2015 and 2014 which reflects the quality of the Bank's loan portfolio.

Noninterest Income decreased $82,000, or 49% in the second quarter of 2015 versus the second quarter of 2014 due to decreased gains on the sales of SBA loans. Noninterest Income decreased $196,000, or 60% for the six months ended June 30, 2015 versus the same period in 2014 due to decreased gains on sales of SBA loans.

Noninterest Expense for the second quarter 2015 was $1,517,000, compared with $1,520,000 for the 2014 second quarter, a decrease of $3,000. The efficiency ratio was 81% for the 2015 second quarter, compared with 83% for the same period in 2014. Noninterest Expense for the six months ended June 30, 2015 was $3.2 million, compared with $3.1 million for the same period in 2014. The efficiency ratio was 94% for the 2015 six-month period, compared with 87% for the same period last year. The increase for the six-month period of 2015 was primarily the result of a nonrecurring expense for Salaries and Employee Benefits.

Cash and Cash Equivalents increased by $13.6 million from the second quarter of 2014 to 2015. Loans, before the allowance for loan losses, increased 20% to $137.0 million at June 30, 2015, compared to $114.1 million at June 30, 2014.

Total Deposits increased 29%, to $159.7 million at June 30, 2015, up from $124.0 million at June 30, 2014. Deposits at June 30, 2015 included $15.0 million in temporary deposits from a client, contributing to the increase.

Asset Quality
Nonperforming Assets were $639,000, or 0.3% of Total Assets at June 30, 2015, compared with $184,000, or 0.1% of Total Assets at June 30, 2014. The Allowance for Loan Losses was $2.1 million, or 1.6% of loans, at June 30, 2015, compared with $2.5 million, or 2.2% of loans, at June 30, 2014. Net recoveries to average loans outstanding were 0.00% and 0.01% in the second quarters of 2015 and 2014, respectively.

Capital Resources
Total Shareholders' Equity increased to $28.2 million at June 30, 2015, up from $27.7 million at June 30, 2014. The Bank's book value available to common shareholders per common share increased to $8.84 at June 30, 2015, up from $8.64 at June 30, 2014.

The Bank's Tier 1 Leverage Capital Ratio was 16.6% at June 30, 2015, versus 16.7% at June 30, 2014. The Total Risk-based Capital Ratio was 19.2% as of June 30, 2015, as compared to 21.4% at June 30, 2014. The Common Equity Tier One Capital Ratio, a new regulatory ratio under Basel III (Basel Committee on Bank Supervision guidelines for determining regulatory capital), was 16.0% at June 30, 2015. The Common Equity Tier One Capital Ratio was not in effect, and therefore, not calculated at June 30, 2014. All capital ratios are well above regulatory requirements for a well-capitalized institution under the new requirements effective January 1, 2015.

Chief Financial Officer Transition
ProAmérica Bank announced the appointment of Lloyd Moromisato as Interim Chief Financial Officer, following the departure of Chief Financial Officer Frank Smith to pursue another career opportunity. "We thank Frank for his stewardship and guidance of the Bank's finance and treasury functions since the Bank's inception," said Ms. Salinas. "We are grateful for all his leadership," said Mr. Varela. "We wish him much success in his future endeavors."

Mr. Moromisato has been with the bank since December 2007, most recently serving as Senior Vice President and Controller. Mr. Moromisato has a 24-year career in banking with extensive experience in all relevant financial disciplines including accounting and control, treasury, asset/liability management, and risk management. He was previously Vice President and Controller at a Los Angeles area community bank and has also served as a Commissioned Safety and Soundness Bank Examiner for the FDIC.

"We are fortunate and excited that Mr. Moromisato has the depth, experience, and skill to assist in this transition," said Mr. Varela. "He has demonstrated exemplary financial leadership, and we are confident that his strong banking experience will assure a seamless transition."

ProAmérica Bank provides a full range of financial services, including credit and deposit products, SBA loan products, cash management, and internet banking for businesses, professionals, nonprofits and high net worth individuals from its headquarters office at 888 West Sixth Street, Second Floor, Los Angeles, CA 90017-2728. Information on products and services may be obtained by calling (213) 613-5000 or visiting the Bank's website at www.PROAMERICABANK.com.

NOTE:

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about ProAmérica Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: ProAmérica Bank's timely implementation of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in ProAmérica Bank's reports and filings with banking regulatory agencies. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and ProAmérica Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.