Bank of Commerce (BOCH) 8-K Other Events

Exhibit 99.1

	Bank of Commerce Holdings
	(NASDAQ: BOCH)
	Company Press Release

Company Profile

• Founded 1982

• Five offices – three markets

• Redding Bank of Commerce™

• Roseville Bank of Commerce™

• Sutter Bank of Commerce™

• Bank of Commerce Mortgage™

Investor Highlights

• 5% stock dividend – 1986

• Annual cash dividends – since 1988

• Two for one stock split – 1985

• Three for one stock split – 1998

• 10% stock dividend – 2000

• Three for one stock split – 2004

• Quarterly dividends – since 2005

• ACQB Index – America’s Community Bank Index

Business Overview

Bank of Commerce Holdings (the “Holding Company”) is a financial holding company (“FHC”) registered under the Bank Holding Company Act of 1956, as amended, and was incorporated in California on January 21, 1982. The Company ownsRedding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™andBank of Commerce Mortgage™.

Contact Information
Michael C. Mayer, President & CEO
Telephone (530) 722-3950
Sam Jimenez, Director Risk Management
Telephone (530) 722-3952
www.reddingbankofcommerce.com

For immediate release:

Bank of Commerce Holdings™, Announces
Second Quarter 2007 Operating Results –

REDDING, California, July 25, 2007/ PR Newswire—Bank of Commerce Holdings (NASDAQ: BOCH), a $605.6 million asset financial holding company, and parent company of Redding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™ and Bank of Commerce Mortgage™ today announced second quarter 2007 operating results.

Bank of Commerce Holdings’ net income for the second quarter 2007 was $1,600,000 or $0.18 per diluted share compared to $1,689,000 or $0.19 per diluted share during the second quarter 2006, a decrease of 5.3%. Annualized return on average assets and return on average equity for the second quarter of 2007 were 1.07% and 13.69% respectively, compared with 1.25% and 15.94% for the second quarter of 2006.

On June 19, 2007, the Company announced a $0.08 quarterly cash dividend payable to shareholders of record as of June 30, 2007 and paid on July 13, 2007.

At June 30, 2007, Bank of Commerce Holdings’ total assets were $605.6 million, an increase of 3.79% or $22.1 million from December 31, 2006. Net loans increased to $437.8 million, an increase of $28.8 million from December 31, 2006.

The Company’s loan portfolio is sound and performing well. The Company’s allowance for loan losses was 1.12% of total loans at June 30, 2007 and 1.18% at December 31, 2006, while its ratio of non-performing assets to total assets was 0.00% at June 30, 2007, compared to 0.00% at December 31, 2006.

Market Data
Exchange: NASDAQ
Symbol:BOCH
Shares outstanding at 6/30/07: 8,908,880
Market Cap: $96,394,082
Recent Price : $10.82
52 week range: $10.00 - $12.50
Price/ Book (%): 198.78
SNL™ Peer Price/Book (%): 174.33
Price/Earnings (x): 13.89
SNL™ Peer Price/Earnings (x): 15.51
Price/LTM EPS (x): 14.82
Dividend Yield (%): 3.16
SNL ™ Peer Dividend Yield(%): 1.85
YTD Volume traded: 112,597
Insider Ownership: 30.29%

Provisions for loan losses for the quarter ended June 2007 were $0 compared to $143,000 for the same period in 2006. The Company’s OREO remained at $0 through the second quarter of 2007 and 2006.

Total deposits increased to $441.2 million, an increase of $1.8 million or 0.42% from December 31, 2006. The Company has launched several new deposit products including Forever Free Checking, Get Out and Play Checking, High Performance Savings and High Performance Checking packages during the period.

The capital ratios of Redding Bank of Commerce continue to be above the well-capitalized guidelines established by bank regulatory agencies.

The most significant impact on net interest income between periods is derived from the interaction of changes in the volume of and rate earned or paid on interest-earning assets and interest-bearing liabilities. The volume of interest-earning assets in loans and securities, compared to the volume of interest-bearing liabilities represented by deposits and borrowings, combined with the spread, produces the changes in net interest income between periods. The Company’s net interest margin was 4.03% in the second quarter of 2007 compared to 4.47% for the same period in 2006.

Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™ and Bank of Commerce Mortgage™. The Company is a federally insured California banking corporation and opened on October 22, 1982.

BOCH is a NASDAQ Global Market listed stock. Please contact your local investment advisor for purchases and sales. Investment firms making a market in BOCH stock are:

Howe Barnes Hoefer & Arnett/ John Cavender	Morgan Stanley/ Rick Hill
555 Market Street	310 Hemsted Drive, Suite 100
San Francisco, CA	Redding, CA
(800) 346-5544	(800) 733-6126
Wachovia Securities/ Ken Myers, Rick Hansen	Raymond James Financial/ Geoff Ball
10466 Brunswick Road	1805 Hilltop Drive, Suite 106
Grass Valley, CA	Redding, CA
(888) 383-3112	(800) 926-5040

This quarterly press release includes forward-looking information, which is subject to the “safe harbor” created by the Securities Act of 1933, and Securities Act of 1934. These forward-looking statements (which involve the Company’s plans, beliefs and goals, refer to estimates or use similar terms) involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors:

• Competitive pressure in the banking industry and changes in the regulatory environment.

• Changes in the interest rate environment and volatility of rate sensitive assets and liabilities.

• The health of the economy declines nationally or regionally which could reduce the demand for loans or reduce the value of real estate collateral securing most of the Company’s loans.

• Credit quality deteriorates which could cause an increase in the provision for loan losses.

• Losses in the Company’s merchant credit card processing business.

• Asset/Liability matching risks and liquidity risks.

• Changes in the securities markets.

For additional information concerning risks and uncertainties related to the Company and its operations please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 and under the heading “Risk factors that may affect results” and subsequent reports on Form 10-Q and current reports on Form 8-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

BANK OF COMMERCE HOLDINGS & SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)

Amounts in thousands, except per share data	June 30, 2007			Dec. 31,2006			June 30, 2006
ASSETS
Cash and due from banks	$	18,206		$	14,661		$	12,668
Federal funds sold and securities purchased under agreements to resell		14,115			24,605	��		14,155
Cash and cash equivalents		32,321			39,266			26,823
Securities available-for-sale (including pledged collateral of $93,790 at June 30, 2007; $71,686 at December 31, 2006 and $83,080 at June 30, 2006)		94,029			95,601			97,366
Securities held-to-maturity, at cost (estimated fair value of $10,369 at June 30, 2007, $10,892 at December 31, 2006 and $10,889 at June 30, 2006)		10,637			10,810			11,141
Loans, net of the allowance for loan losses of $4,943 at June 30, 2007, $4,904 at December 31, 2006 and $4,502 at June 30, 2006		437,821			408,990			401,185
Bank premises and equipment, net		10,329			8,595			6,690
Other assets		20,440			20,180			20,942
TOTAL ASSETS	$	605,577		$	583,442		$	564,147
LIABILITIES AND STOCKHOLDERS’ EQUITY
Demand — noninterest bearing	$	69,842		$	84,779		$	74,505
Demand — interest bearing		114,530			119,437			101,492
Savings		45,082			22,749			23,112
Certificates of deposits		211,794			212,442			189,577
Total deposits		441,248			439,407			388,686
Securities sold under agreements to repurchase		46,655			37,117			32,507
Federal Home Loan Bank borrowings		50,000			40,000			80,000
Other liabilities		7,114			7,537			6,536
Guaranteed Preferred Beneficial Interests in Company’s Junior Subordinated Debt payable to unconsolidated subsidiary grantor trust		15,465			15,465			15,465
Total Liabilities		560,482			539,526			523,194
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, no par value, 2,000,000 authorized no shares issued and outstanding in 2007 and 2006		—			—			—
Common stock , no par value, 50,000,000 shares authorized; 8,908,880 shares issued and outstanding at June 30, 2007, 8,847,042 at December 31, 2006 and 8,729,672 at June 30, 2006		11,966			11,517			11,441
Retained earnings		34,997			33,336			31,479
Accumulated other comprehensive (loss), net of tax		(1,868	)		(937	)		(1,967	)
Total Stockholders’ equity		45,095			43,916			40,953
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	605,577		$	583,442		$	564,147

BANK OF COMMERCE HOLDINGS & SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)

Three and six months ended June 30, 2007 and 2006

	Three Months Ended				Six Months Ended
Amounts in thousands, except for per share data	June 30, 2007		June 30, 2006		June 30, 2007		June 30, 2006
Interest income:
Interest and fees on loans	$	8,965	$	8,149	$	17,429	$	15,380
Interest on tax exempt securities		334		140		612		263
Interest on U.S. government securities		816		864		1,648		1,726
Interest on federal funds sold and securities purchased under agreements to resell		190		145		390		275
Interest on other securities		9		44		45		88
Total interest income		10,314		9,342		20,124		17,732
Interest expense:
Interest on demand deposits		587		286		1,144		519
Interest on savings deposits		355		75		526		140
Interest on time deposits		2,627		1,872		5,232		3,421
Securities sold under agreements to repurchase		381		267		723		466
Interest on FHLB and other borrowing expense		632		902		1,171		1,574
Interest on junior subordinated debt payable to unconsolidated subsidiary grantor trust		271		266		540		524
Total interest expense		4,853		3,668		9,336		6,644
Net interest income		5,461		5,674		10,788		11,088
Provision for loan and lease losses		0		143		6		154
Net interest income after provision for loan losses		5,461		5,531		10,782		10,934
Noninterest income:
Service charges on deposit accounts		76		86		145		174
Payroll and benefit processing fees		89		89		197		198
Earnings on cash surrender value — Bank owned life insurance		99		98		194		151
Net gain (loss) on sale of securities available-for-sale		0		0		46		0
Net gain on sale of loans		0		0		0		0
Merchant credit card service income, net		96		93		188		170
Mortgage brokerage fee income		29		35		35		52
Other income		229		111		311		214
Total non-interest income		618		512		1,116		959
Noninterest expense:
Salaries and related benefits		1,959		1,996		4,056		3,874
Occupancy and equipment expense		543		448		1,001		883
FDIC insurance premium		13		12		26		24
Data processing fees		90		58		145		116
Professional service fees		252		150		447		354
Payroll and Benefit fees		25		25		56		54
Deferred compensation expense		101		90		198		178
Stationery and Supplies		46		49		107		109
Postage		34		34		67		65
Directors’ expense		76		65		121		125
Other expenses		562		383		965		766
Total non-interest expense		3,701		3,310		7,189		6,548
Income before income taxes		2,378		2,733		4,709		5,345
Provision for income taxes		778		1,044		1,622		2,064
Net Income	$	1,600	$	1,689	$	3,087	$	3,281
Basic earnings per share	$	0.18	$	0.19	$	0.35	$	0.38
Weighted average shares — basic		8,908		8,723		8,887		8,702
Diluted earnings per share	$	0.18	$	0.19	$	0.34	$	0.37
Weighted average shares – diluted		9,063		8,912		8,985		8,896

BANK OF COMMERCE HOLDINGS & SUBSIDIARIES
Quarterly Financial Condition Data
(Unaudited)
For the Quarter Ended

	June 30,			March 31,			Dec. 31,			Sept 30,			June 30,			March 31,			Dec. 31,
	2007			2007			2006			2006			2006			2006			2005
Cash and due from banks	$	18,206		$	12,597		$	14,661		$	17,535		$	12,668		$	11,819		$	17,436
Federal funds sold and securities purchased under agreements to resell		14,115			21,195			24,605			28,010			14,155			9,835			9,120
Total Cash & Equivalents		32,321			33,792			39,266			45,545			26,823			21,654			26,556
Securities available-for-sale		94,029			92,769			95,601			97,614			97,366			93,645			94,014
Securities held to maturity, at cost		10,637			10,673			10,810			10,841			11,141			7,620			6,933
Loans, net of allowance for loan losses		437,821			411,357			408,990			403,657			401,185			374,983			363,305
Bank premises and equipment, net		10,329			9,992			8,595			7,350			6,690			6,261			5,631
Other assets		20,440			19,513			20,180			20,211			20,942			18,733			15,205
TOTAL ASSETS	$	605,577		$	578,096		$	583,442		$	585,218		$	564,147		$	522,896		$	511,644
Liabilities:
Demand — noninterest bearing	$	69,842		$	70,035		$	84,779		$	81,125		$	74,505		$	74,519		$	86,219
Demand — interest bearing		114,530			112,550			119,437			111,439			101,492			102,003			109,101
Savings		45,082			41,537			22,749			22,610			23,111			28,477			27,540
Certificates of deposit		211,794			211,422			212,442			214,019			189,577			173,106			149,256
Total deposits		441,248			435,544			439,407			429,193			388,685			378,105			372,116
Securities sold under agreements to repurchase		46,655			35,053			37,117			35,260			32,507			25,117			22,886
Federal Home Loan Bank borrowings		50,000			40,000			40,000			55,000			80,000			55,000			55,000
Other liabilities		7,114			6,646			7,537			6,352			6,536			8,864			7,194
Junior subordinated debt payable to subsidiary grantor trust		15,465			15,465			15,465			15,465			15,465			15,465			15,310
Total liabilities		560,482			532,708			539,526			541,270			523,193			482,551			472,506
Stockholders’ equity:
Common stock		11,966			11,940			11,517			12,416			11,442			11,198			11,009
Retained earnings		34,997			34,110			33,336			32,526			31,479			30,535			29,419
Accumulated other comprehensive income (loss), net		(1,868	)		(662	)		(937	)		(994	)		(1,967	)		(1,388	)		(1,290	)
Total stockholders’ equity		45,095			45,388			43,916			43,948			40,954			40,345			39,138
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	605,577		$	578,096		$	583,442		$	585,218		$	564,147		$	522,896		$	511,644
Interest Income:
Net interest income		5,461		$	5,327		$	5,418		$	5,530		$	5,674		$	5,413		$	5,395
Provision for loan losses		0			6			0			72			143			11			6
Net interest income after provision for loan losses		5,461			5,321			5,418			5,458			5,531			5,402			5,389
Noninterest Income:
Service charges		76			69			91			81			86			88			91
Merchant credit card service income, net		89			92			100			89			93			77			78
Net (loss) on sale of securities available-for-sale		0			46			0			(171	)		0			0			0
Mortgage brokerage fee income		29			6			(13	)		32			35			17			7
Other income		424			285			363			397			298			266			343
Total noninterest income		618			498			541			428			512			448			519
Noninterest Expense:
Salaries and related benefits		1,959			2,097			2,150			1,996			1,996			1,878			1,796
Net Occupancy and equipment expense		543			458			496			467			448			435			399
Professional service fees		252			195			181			149			150			204			72
Other expenses		947			738			659			687			716			721			579
Total noninterest expense		3,701			3,488			3,486			3,299			3,310			3,238			2,846
Income before income taxes		2,378			2,331			2,473			2,587			2,733			2,612			3,062
Provision for income taxes		778			844			858			915			1,044			1,020			1,191
Net Income	$	1,600		$	1,487		$	1,615		$	1,672		$	1,689		$	1,592		$	1,871

Average Balances, Interest Income/Expense and Yields/Rates Paid
(Unaudited, Dollars in thousands)

	Six Months Ended								Six Months Ended
	June 30, 2007								June 30, 2006
	Average					Yield/			Average					Yield/
	Balance			Interest		Rate			Balance			Interest		Rate
Earning Assets
Portfolio Loans	$	416,141		$	17,429		8.38	%	$	381,070		$	15,380		8.07	%
Tax-exempt Securities		30,548			612		4.01	%		14,911			263		3.53	%
US Government Securities		72,937			1,648		4.52	%		84,890			1,726		4.07	%
Federal Funds Sold		13,473			390		5.79	%		11,463			275		4.80	%
Other Securities		2,000			45		4.50	%		4,053			88		4.34	%
Average Earning Assets	$	535,099		$	20,124		7.52	%	$	496,387		$	17,732		7.14	%
Cash & Due From Banks	$	13,473							$	14,078
Bank Premises		9,742								6,249
Allowance for Loan and Lease Losses		( 4,890	)							( 4,372	)
Other Assets		21,040								14,537
Average Total Assets	$	574,464							$	526,879
Interest Bearing Liabilities
Demand Interest Bearing	$	110,668		$	1,144		2.07	%	$	104,439		$	519		0.99	%
Savings Deposits		35,957			526		2.93	%		26,736			140		1.05	%
Certificates of Deposit		213,721			5,232		4.90	%		172,074			3,421		3.98	%
Repurchase Agreements		37,064			723		3.90	%		25,972			466		3.59	%
FHLB Borrowings		43,260			1,171		5.41	%		63,370			1,574		4.93	%
Trust Preferred Borrowings		15,000			540		7.20	%		15,000			524		7.16	%
Average Interest Bearing Liabilities		455,670		$	9,336		4.53	%		407,591		$	6,644		3.26	%
Non interest Demand		72,321								77,213
Other Liabilities		1,370								5,903
Shareholder Equity		45,103								36,172
Average Liabilities and Stockholders’ Equity	$	574,464							$	526,879
Net Interest Income and Net Interest Margin				$	10,788		4.03	%				$	11,088		4.47	%

Interest income on loans includes fee income of approximately $135,554 and $272,900 for the period ended June 30, 2007 and 2006, respectively. The Company’s average total assets increased to $574.5 million at June 30, 2007 compared to $496.4 million for the same period in 2006, a $47.6 million increase or 9.0%.

The Company’s practice is to place an asset on nonaccrual status when one of the following events occurs: (i) Any installment of principal or interest is 90 days or more past due, (ii) management determines the ultimate collection of principal or interest to be unlikely or (iii) the terms of the loan have been renegotiated due to a serious weakening of the borrower’s financial condition. Interest income on loans does not reflect accruals on loans in a nonaccrual status. Accruals are resumed on loans only when they are brought fully current with respect to interest and principal and when the loan is estimated to be fully collectible.