WALNUT CREEK, Calif., Oct. 18, 2013 (GLOBE NEWSWIRE) -- Bay Commercial Bank (OTCQB:BCML) (the "Bank") today announced its third quarter 2013 operating results. The Bank reported total assets as of September 30, 2013 of $327.2 million including loans outstanding of $252.7 million compared to September 30, 2012 total assets of $316.5 million and total loans outstanding of $235.5 million. At September 30, 2013, total deposits were $268.3 million compared to total deposits of $263.1 million at September 30, 2012. The Bank's net operating income for the third quarter 2013 was $634,000 or $0.13 per share compared to net income for the same period in 2012 of $742,000, or $0.15 per share. The decrease in net operating income for the third quarter 2013 compared to the same period in 2013 was comprised primarily of higher operating costs. For the first nine months of 2013, the Bank reported net income of $1,901,000 compared to net income of $1,531,000 for the same period in 2012. For the most recent nine month period, the net income to shareholders was $0.39 per share, compared to $0.32 per share for the same period of 2012. The increase in operating income for the nine month periods ended September 30, 2013 compared to the same periods in 2012 was primarily the result of lower provisions for loan losses partially offset by higher operating expenses in 2013 as compared to 2012. The lower provision is the result of improving credit quality and the higher operating expenses are related to the cost of certain operational enhancements implemented in 2013. George J. Guarini, Chief Executive Officer of the Bank, stated, "2013 has been a year of change at the Bank. We relocated our headquarter office and main branch, implemented certain data processing enhancements and enhanced our risk management process. We continue to be optimistic about the economic environment and improving credit quality, and I believe we are prepared to continue expanding our market share."