Canyon Bancorp Reports Shareholder Equity up 25% and Second Quarter Net Income of $1,077,000

Share Name	Share Symbol	Market	Type
Canyon Bancorp (CE)	USOTC:CYBA	OTCMarkets	Common Stock

Canyon Bancorp (CE) (USOTC:CYBA)
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Canyon Bancorp (OTCBB:CYBA) today announced an increase of 25 percent in shareholders equity to $26.9 million at June 30, 2007 from $21.6 at June 30, 2006. Other financial highlights for the second quarter 2007, compared to the same period in 2006, include a 22 percent increase in book value per share to $11.49 and a 21 percent increase in net loans to $220.0 million. Canyon Bancorp earned $1,077,000 or $0.45 per diluted share for the second quarter ended June 30, 2007 compared to income of $1,063,000 or $0.44 per diluted share for the second quarter of 2006. For the six months ended June 30, 2007, Canyon Bancorp earned $2,149,000, or $0.89 per diluted share compared to $2,009,000 or $0.83 per diluted share for the same period of 2006. President and CEO Stephen G. Hoffmann said, �We are very proud of the continued financial success, as evidenced by the growth in loans, capital and profits during the second quarter and first half of 2007.� Canyon Bancorp is a bank holding company with one banking subsidiary, Canyon National Bank, a full-service commercial bank and member of the FDIC. Palm Springs branch locations are at 1711 East Palm Canyon Drive at the Smoke Tree Village Shopping Center and 901 East Tahquitz Canyon Way. Palm Desert branch locations are at 74-150 Country Club Drive and 77-933 Las Montanas Road across from Sun City. Shares of the Company�s common stock are traded on the Over the Counter Bulletin Board � stock symbol CYBA. This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements. CANYON BANCORP & SUBSIDIARY Consolidated Balance Sheets (Dollars in thousands, except per share amounts) � � 6/30/2007 (Unaudited) 12/31/2006 (Audited) 6/30/2006 (Unaudited) Assets � Cash and cash equivalents $ 16,945 $ 20,569 $ 19,720 Interest-bearing deposits in other financial institutions 1,382 2,000 4,600 Investment securities available for sale 12,063 14,250 23,730 Federal Home Loan Bank and Federal Reserve Bank and Pacific Coast Bankers' Bank restricted stock, at cost 1,585 1,558 1,527 Loans held for sale 390 752 1,534 Loans receivable, net 220,034 202,881 181,186 Furniture, fixtures and equipment 4,363 4,548 4,723 Income tax receivable � 276 � Deferred tax asset 1,722 1,713 1,476 Other assets 2,122 � 3,821 � 1,496 � � Total Assets $ 260,606 � $ 252,368 � $ 239,992 � � Liabilities and Stockholders� Equity � Deposits: Demand deposits $ 78,878 $ 90,248 $ 86,491 NOW accounts 11,461 9,645 8,836 Savings and money market 80,076 67,770 72,923 Time certificate of deposits 61,239 � 58,767 � 48,409 � � Total Deposits 231,654 � 226,430 � 216,659 � � Other Liabilities 2,042 � 1,515 � 1,768 � � Total Liabilities 233,696 � 227,945 � 218,427 � � Commitments and contingencies � � � � � � � Stockholders� Equity: Serial Preferred Stock, $5.00 par value; authorized 10,000,000 shares; none issued or outstanding � � � Common Stock; authorized 10,000,000 shares; 2,342,338, 2,316,627 and 2,180,479 shares issued and outstanding as of June 30, 2007, December 31, 2006 and June 30, 2006, respectively 1 � � � 21,153 20,803 5,452 Additional paid-in capital � � 12,007 Accumulated other comprehensive income unrealized (loss) on investment securities available-for-sale (118 ) (106 ) (298 ) Retained earnings 5,875 � 3,726 � 4,404 � � Total Stockholders� Equity 26,910 24,423 21,565 � � � � � Total Liabilities and Stockholders� Equity $ 260,606 � $ 252,368 � $ 239,992 � � 1 On June 30, 2006 Canyon National Bank's Plan of Reorganization was consummated to form a bank holding company, Canyon Bancorp. On the date of consummation, 2,180,479 shares of Canyon National Bank, $2.50 par value, were exchanged for the same number of shares of Canyon Bancorp, no par value. Shares outstanding prior to June 30, 2006 were issued by Canyon National Bank. CANYON BANCORP & SUBSIDIARY Consolidated Statement of Operations (Unaudited) For the three and six months ended June 30, 2007 and 2006 (Dollars in thousands, except per share amounts) � Three months ended Six months ended June 30, June 30, 2007 2006 2007 2006 Interest income: Loans receivable $ 4,921 $ 4,113 $ 9,741 $ 7,980 Federal funds sold 210 302 389 482 Interest bearing deposits in other financial institutions 20 51 37 88 Investment securities available for sale 155 241 296 475 Total Interest Income 5,306 4,707 10,463 9,025 � Interest expense on deposits and other borrowings 1,452 938 2,796 1,740 � Net Interest Income 3,854 3,769 7,667 7,285 � Provision for loan losses 110 100 200 325 � Net Interest Income After Provision for Loan Losses 3,744 3,669 7,467 6,960 Noninterest income: Service charges and fees 174 144 339 279 Loan related fees 87 134 266 301 Lease administration fees 185 365 407 674 Automated teller machine fees 184 154 347 299 Total Noninterest Income 630 797 1,359 1,550 � Noninterest expenses: Salaries and employee benefits 1,224 1,387 2,654 2,702 Occupancy and equipment expense 355 368 727 695 Professional fees 124 73 194 180 Data processing 140 138 283 262 Marketing and advertising expense 100 117 215 220 Director and shareholder expense 153 142 265 239 Other operating expense 465 449 873 824 Total Noninterest Expenses 2,561 � 2,674 5,211 � 5,122 � Earnings before income taxes 1,813 1,792 3,615 3,388 � Income Tax Expense 736 729 1,466 1,379 � Net earnings $ 1,077 $ 1,063 $ 2,149 $ 2,009 � Earnings Per Share: Basic $ 0.46 $ 0.46 $ 0.92 $ 0.88 Diluted $ 0.45 $ 0.44 $ 0.89 $ 0.83 � Weighted Average Shares Outstanding: Basic 2,339,693 2,287,588 2,331,404 2,279,617 Diluted 2,420,291 2,413,313 2,423,203 2,410,585 CANYON BANCORP & SUBSIDIARY Selected Ratios (Unaudited) � Three Months Ended 1 Six Months Ended 1 6/30/2007 6/30/2006 6/30/2007 6/30/2006 � Return on average equity 16.30% 20.05% 16.76% 19.44% Return on average assets 1.63% 1.70% 1.65% 1.63% Yield on interest earning-assets 8.58% 8.12% 8.57% 7.99% Cost of interest-bearing liabilities 3.81% 2.76% 3.77% 2.63% Net interest margin 6.23% 6.50% 6.28% 6.45% Non-interest income / average assets 0.95% 1.28% 1.04% 1.27% Non-interest expense / average assets 3.88% 4.28% 4.00% 4.20% Net non-interest expense / average assets 2.92% 3.01% 2.95% 2.93% Net charge-offs/(recoveries) to average loans 0.00% 0.01% 0.14% -0.03% � as of: 6/30/2007 12/31/2006 6/30/2006 � Capital to assets ratio 10.33% 9.68% 8.99% Allowance for loan losses / gross loans 1.55% 1.66% 1.77% Loan to deposit ratio 95.0% 91.4% 83.6% Adversely classified loans to gross loans 1.4% 1.1% 1.1% Demand deposit accounts / total deposit accounts 34.1% 39.9% 40.0% Book value per share 2 $ 11.49 $ 10.54 $ 9.42 � 1 Interim periods annualized � 2 Prior year restated for past stock dividends and splits

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CYBA Canyon Bancorp (CE)