5 million , or $0.18% compared to 1.16% for the
same period in 2003.7 million from $40.8 million during the third quarter of 2004. These decreases were partially
offset by a $0.2 billion at
December 31 , 2003 and $1.6 million or 0.

Conference Call

The Company will broadcast its earnings conference call live via
the Internet at 8:00 a.
A replay of the conference call will be available on the websites.83% 0.56% 7.98%
Total Equity to Assets ratio 10.84% 14.63% 9.69% 65.11%
ABD Operating Expenses $28,139 $26,761
ABD Revenue $34,870 $28,301

(1) The following table provides detailed components included in the
calculation of the Company's basic and fully diluted earnings per
common share and is presented to provide investors with
information to enable them to better understand the reported EPS
calculations.88%
Net Interest Margin - Average Earning
Assets (2) 4.S. Beetle owners have a chance at
prizes in more than 60 categories and vendors will be present.
The evening begins at 7:00 p. The Queen Mary also offers a daily Ghost Encounters Tour
and Ghosts + Legends Show.

ligh occurrences

37 per fully diluted common share, for the
fourth quarter of 2003, and $22.8 million in legal and professional fees entirely related
to Sarbanes-Oxley compliance activities;

$1.2 million
decrease in compensation expense.
Between December 31, 2003 and December 31, 2004, total loans
declined by $57.
The Company's total equity to assets ratio was 10. Based
upon analysis by the Company and its outside advisors, no tax expense
was recorded related to these items in the fourth quarter of 2004. The compliance review included
extensive interviews with ABD personnel, analysis of contingency
arrangements and review of producer compensation, client files and
email activity.m.41% 2.35% 9.59% -14.12%
Tangible Common Book Value Per Common Share
(6) $8.41 $0.33 $0.36% 4.04%
Total Operating Expenses $78,481 $78,715 $77,075
Total Revenue $112,823 $118 ,034 $118,507

NON-GAAP Ratios
Efficiency Ratio (Excluding the
operating results of ABD) (5) 60.82% 13.37


Fully Diluted EPS Excluding Impact of
New Accounting Pronouncement (EITF 04-
8)
---------------------------------- -----

Net Income as reported $24,852 $21,420
Less: Dividends on convertible
preferred stock (1,653) (1,479)
----------- -----------
(E)Net Income available to common
shareholders $23,199 $19,941
=========== ===========

Weighted Average Common Shares
Outstanding 52,654,000 52,363,000
Common Stock Equivalents -Stock Options 1,612,000 1,598,000
----------- -----------
(F)Weighted Average Common + Common
Equivalent Shares Outstanding 54,266,000 53,961,000
=========== ===========

(E)/(F)Earnings Per Common Share - Fully
Diluted excluding the impact of EITF
04-8 $0.01) $0.

ufos profiled

----Greater Bay
Bancorp (Nasdaq:GBBK ), a $6.33 per fully diluted common share, compared
to $21.2 million and a
gain on sale of an equity investment of $1.6 million in rental
revenue on operating leases booked by the Company's small ticket
equipment leasing unit and an increase of $0. For the year
ended December 31, 2004, non-interest income as a percentage of total
revenues increased to 39. Major components of the change from the 2003 period
included increases of:

$2.8 billion at September 30, 2004.3 million for the third quarter of 2004.35% and 4.
A telephone replay will also be available beginning at 11 a. Greater Bay
does not undertake, and specifically disclaims, any obligation to
update any forward-looking statements to reflect occurrences or
unanticipated events or circumstances after the date of such
statements .24% 13.67%
Tangible Common Book Value Per
Common Share (6) $7.20 % -0.58% -3.87%
Total Risk-Based Capital ratio 13.05%
Return on Quarterly Average Total Equity,
annualized 13.

GAAP EPS as reported Q4 2004 Q3 2004 Q2 2004
-------------------- ------- ----------- ----------- -----------

Net Income as reported $21,079 $22,455 $24,533
Less: Dividends on
convertible preferred
stock (1,653) (1,653) (1,653)
----- ------ ----------- -----------
(A)Net Income available to
common shareholders $19,426 $20,802 $22,880
Add: CODES interest, net of
taxes 190 202 176
----------- - ---------- -----------
(B)Net Income available to
common shareholders
including CODES $19,616 $21,004 $23,056
=========== =========== ===========

(C)Weighted Average Common
Shares Outstanding 51,060,000 51,046,000 51,108,000
Common Stock Equivalents-
Stock Options 1,548,000 1,414,000 1,505,000
CODES due 2024 on if-
converted basis 6,301,000 6,301,000 6,301,000
CODES due 2022 on if-
converted basis 15,000 15,000 15,000
----------- --- -------- -----------
(D)Total Weighted Average
Common + Common Equivalent
Shares Outstanding 58,924,000 58,776,000 58,929,000
=========== =========== ===========

(A)/(C)Earnings Per Common Share -
Basic $0.37 $0.37 $0.62

----------- -----------
Difference $(0.
(4) Total operating expenses divided by total revenue (the sum of net
interest income and non-interest income).

chakras ligh

For the fourth quarter of 2004, Greater Bay Bancorp's net income
was $21.7
million compared to $47.6 million, in
commercial loans of $17.81% at December 31, 2003
and 0.2 million for 2003.39% of total loans at December 31, 2004, compared to $124.

Capital Overview

The capital ratios of Greater Bay Bancorp and its subsidiary bank
continue to substantially exceed well -capitalized guidelines
established by bank regulatory agencies. Remaining unused
repurchase authority at December 31, 2004 was $10.15% 274.
(3) Management believes that these ratios are meaningful measures
because they reflect the equity deployed in the Company's
businesses.39

Weighted Average Common Shares
Outstanding (1) 51,060,000 51,046,000 51,108,000

Weighted Average Common + Common
Equivalent Shares Outstanding (1) 58,924,000 58,776,000 58,929,000

GAAP Ratios
Return on Quarterly Average
Assets, annualized 1.38
Fully Diluted (1) $0.04) $(0.37
Earnings Per Common Share - Fully
Diluted excluding the impact of EITF
04-8 $0.
(3) Total operating expenses for the period, annualized and divided by
average quarterly assets. The table also shows the effect of the adoption of
Emerging Issues Task Force (EITF) Issue 04-8, "The Effect of
Contingently Convertible Debt on Diluted Earnings per Share ," on
the current and prior periods. military, the event is the largest VW New Beetle
Celebration in the world. Guests
can contact Hotel Reservations at (562) 435-3511 and ask for the Dinner and a
Ghost Tour rate.

transcommunication hauntings

25% for the year ended December 31, 2004 versus 1.
For the year ended December 31, 2004, non-interest income rose to
$186.5
million or $4.2 million from September 30, 2004 to
December 31, 2004.3 million at
September 30, 2004. The
process used in the determination of the adequacy of the reserve for
unfunded credit commitments is consistent with the process for the
allowance for loan and lease losses.79%

Ratio of Provision for Loan and
Lease Losses to Average Loans,
annualized 0.35%
Deposit Growth, current quarter
to prior quarter, annualized -6.22% 2.18% 9.18
Total Common Shares Outstanding 51,150,167 50,907,052 51,177,202

NON-GAAP RATIOS (3):

Tangible Total Equity (4) to
Tangible Assets (5) 7.35%
Core Deposit Growth, YTD (2) 16.13%
Total Equity to Assets ratio 9.54
Total Common Shares Outstanding 51,238,680 52,529,850

NON-GAAP RATIOS (3):

Tangible Total Equity (4) to Tangible Assets
(5) 6.
(6) Computed by dividing Common Shareholders' Equity, less Goodwill
and Other Intangible Assets by Total Common Shares outstanding.40 $0.37

----------- ------ -----
Difference $(0.
(4) Total operating expenses divided by total revenue (the sum of net
interest income and non-interest income).M. Paranormal Host Erika Frost
escorts guests via an evening Tour to well known haunted areas of the ship in
search of the spirits that inhabit the Queen Mary, preceded by an intimate
fine dining experience in the award-winning Sir Winston's fine dining
restaurant.00 (plus 12% room tax).

extraterrestrial transcommunication

The
accounting pronouncement also required the Company to restate its
fully diluted earnings per common share for prior periods . "The portfolio's shorter
duration and reduced available-for-sale component has improved the
Company 's position relative to potential upward interest rate
movements.5 million
or 2.99% at December
31, 2004 compared to 9.64% at December 31, 2004 compared to 7.94% -0.89 $12.29%
Loan Growth, current quarter to prior
quarter, annualized -9.16% 0.88%

Risk Weighted Assets $5,604,682 $5,793,334

Common Book Value Per Common Share $12.
(5) Total operating expenses less ABD operating expenses divided by
total revenue less ABD revenue. The first
was as the first New Beetles left car dealer showrooms in 1998, Volkswagen
enthusiast websites excitedly 'buzzed' with initial New Beetle 'sightings'
from across the country. The Queen Mary is located at
1126 Queens Highway at the south end of the 710 Freeway, on the water in Long
Beach, California.

ligh fortean

04 for the fourth quarter of
2004, $0.5 million for the year ended December 31,
2003.6 billion, total loans were $4.0 million and
commercial term real estate loans of $38.
Total core deposits (excluding institutional time deposits) at
December 31, 2004 increased by $253.40% of average annualized loans,
compared to $31.0 million for the fourth quarter
of 2003 and $1.73% of total loans at December 31, 2003 and $113.

Other Matters

The Company is continuing its discussions with the Internal
Revenue Service related to the previously disclosed notice of proposed
adjustment concerning merger expenses deducted in 2000 and 2001.

-- Credit quality - based on our continued aggressive credit risk
management and the current economic outlook, we anticipate
future net charge-offs from 40 basis points to 50 basis points
of average loans outstanding.
Nationally, Greater Bay Bancorp provides specialized leasing and loan
services through its specialty finance group, which includes Matsco ,
CAPCO and Greater Bay Capital.28% -2.39% 0.73%
Total Nonaccrual Loans 246.80% 60.42 $0.25%
Total Operating Expenses $314,315 $292,208
Total Revenue $472,208 $469,423

NON -GAAP Ratios
Efficiency Ratio (Excluding the operating
results of ABD) (5) 59.

profiled bitten

1 million, or $0.69% versus 13.
This decrease was primarily attributable to a cyclical $3.6 million or 0.83% at September 30, 2004.
The nine basis point increase in the net interest margin from the
third quarter reflects a 25 basis point increase in interest-earning
asset yields less a corresponding 16 basis point increase in related
funding costs. PST on
February 1 through midnight on February 7, 2005 by dialing
800-642-1687 or 706-645-9291 and providing Conference ID 3553193.20%

Core Deposit Growth, current
quarter to prior year quarter
(2) 5.91%

Deposit Growth, current quarter
to prior year quarter -3.25%
Average Earning Assets to Average
Interest-Bearing Liabilities 124.42 $7.81%
Ratio of YTD Net Charge-offs to YTD Average
Loans 0.20% 3.64% 9.26% 57. The table also shows the effect of the adoption of
Emerging Issues Task Force (EITF) Issue 04-8, "The Effect of
Contingently Convertible Debt on Diluted Earnings per Share," on
the current and prior periods.36 $0 .


GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED)
($ in 000's, except share and per share data)

----------- -----------------------------------------------------------

SELECTED CONSOLIDATED OPERATING RATIOS FOR THE YTD YTD
TWELVE MONTH PERIODS:
Dec 31 Dec 31
2004 2003
----------- -----------
GAAP EPS
Earnings Per Common Share
Basic (1) $1.00 per person.

extraterrestrial hauntings

4 million increase in rental revenue on operating
leases and $1. Institutional time deposits and other wholesale borrowings at
December 31, 2004 declined by $946. Total securities at
December 31, 2004 were $1. The provision
for the year ended December 31, 2004 was $5. Prior periods have been
similarly reclassified along with the relevant financial ratios.40% at
September 30, 2004.9 million
decrease in tangible equity . We intend to adjust our use of
institutional time deposits and other non-relationship funding
sources to meet funding needs not satisfied by core deposit
and capital funding sources.

-- Net interest margin - based on balance sheet trends and the
rate sensitivity of the Company's assets and liabilities , we
expect the margin to fluctuate between 4. (PST) on February 1, 2005.com, under the "Investor Info" link, or through
http://www.
For additional information and press releases about Greater Bay
Bancorp, visit the Company's website at http://www.com

-Financial Tables Follow-

GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED )
($ in 000's)

---------------------------------------------- ------------------------
SELECTED CONSOLIDATED FINANCIAL CONDITION DATA:

Dec 31 Sept 30 Jun 30
2004 2004 2004
----------- ----------- -----------
Cash and Due From Banks $171,657 $184,639 $242,517
Fed Funds Sold - 8,000 22,000
Securities 1,615,273 1,835,647 2,256,839
Loans:
Commercial 1,969,351 1,951,813 1,941,573
Term Real Estate - Commercial 1,597,756 1,647,568 1,658,921
----------- ----------- -----------
Total Commercial 3,567,107 3,599,381 3,600,494
Real Estate Construction and Land 479,113 459,533 415,155
Real Estate Other 291,737 272,684 268,947
Consumer and Other 155 ,829 152,553 171,003
Deferred Fees and Discounts, Net (13,902) (14,457) (12,575 )
----------- ----------- -----------
Total Loans , Net of
Deferred Fees and
Discounts 4,479,884 4,469,694 4,443,024
Allowance for Loan and
Lease Losses (1) (107,517) (113,460) (116,045)
----------- ----------- -----------
Total Loans, Net (1) 4,372,367 4,356,234 4,326,979
Goodwill 212,432 178,317 178,317
Other Intangible Assets 39,228 41,310 43,544
Other Assets 531,864 507,346 544,539
----------- ----------- -----------
Total Assets (1) $6 ,942,821 $7,111,493 $7,614,735
=========== =========== ===========
Deposits:
Demand, Non-Interest Bearing $1,063,036 $1,053,348 $1,045,651
NOW, MMDA and Savings 3,263,716 3,272,922 3,361,211
Time Deposits, $100,000 and over 647,531 716,911 725,753
Other Time Deposits 139,320 152,376 174 ,297
----------- ----------- -----------
Total Deposits 5,113,603 5,195,557 5,306,912
----------- ---- ------- -----------
Other Borrowings 578,664 714,883 1,112,334
Subordinated Debt 210,311 210,311 210,311
Other Liabilities (1) 264 ,556 238,221 257,976
----------- ----------- --------- --
Total Liabilities (1) 6,167,134 6,358,972 6,887,533
----------- ----------- -----------

Preferred Stock of Real Estate
Investment Trust Subsidiaries 12,621 12,582 12,162

Convertible Preferred Stock 103,816 91,917 91,924
Common Shareholders' Equity 659,250 648,022 623,116
----------- ----------- -----------
Total Equity 763,066 739,939 715,040

--- -------- ----------- -----------
Total Liabilities and Total Equity
(1) $6,942,821 $7,111,493 $7,614,735
=========== =========== ===========

Average Quarterly Total Loans,
excluding Nonaccrual $4,415,129 $4,412,082 $4,414,731
Average Quarterly Securities $1,792,892 $2,135,059 $2,325,402
Average Quarterly Interest Earning
Assets $6,208,021 $6,547,141 $6,740,133

Average Quarterly Deposits $5,295,406 $5,311,140 $5,280,262
Average Quarterly Interest Bearing
Liabilities $5,004,480 $5,383,185 $5,613,803

Average Quarterly Assets (1) $7,085,307 $7,442,983 $7,637,696
Average Quarterly Common
Shareholders' Equity $660,867 $642,523 $638,371
Average Quarterly Total Equity $752,913 $734,443 $730,420

Average YTD Interest Earning
Assets $6,553 ,500 $6,669,512 $6,731,632
Average YTD Assets (1) $7,431,444 $7,544,040 $7,595,354
Average YTD Common Shareholders'
Equity $654,095 $651,820 $656,520
Average YTD Total Equity $746,111 $743,826 $748,570

Total Regulatory Capital
Tier I Capital $727,319 $733,579 $727,214
Total Risk-based Capital $797,923 $804,839 $799,306

Nonperforming Assets
Nonaccrual Loans $43,711 $58,741 $42,230
OREO - - -
Other Nonperforming
Assets 569 534 -
----------- ----------- --------- --
Total Nonperforming Assets $44,280 $59,275 $42,230
=========== =========== ===========

Greater Bay Trust Company Assets $634,343 $653,910 $647,022

Mar 31 Dec 31
2004 2003
----------- -----------
Cash and Due From Banks $251,895 $238,534
Fed Funds Sold 216,000 35,000
Securities 2,177,330 2,229,509
Loans:
Commercial 1,929,257 1,937,766
Term Real Estate - Commercial 1,632,921 1,636,356
----------- -----------
Total Commercial 3,562,178 3,574,122
Real Estate Construction and Land 479,692 537,079
Real Estate Other 261,127 273,504
Consumer and Other 146,022 167,593
Deferred Fees and Discounts , Net (12,812) (14,491)
------- ---- -----------
Total Loans, Net of Deferred Fees
and Discounts 4,436,207 4,537,807
Allowance for Loan and Lease Losses
(1) (118,411) (124,489)
----------- -----------
Total Loans, Net (1) 4,317,796 4,413 ,318
Goodwill 178,317 177,991
Other Intangible Assets 45,778 47,238
Other Assets 455 ,289 458,372
----------- -----------
Total Assets (1) $7,642,405 $7,599,962
=========== ===========
Deposits:
Demand, Non-Interest Bearing $1,030 ,169 $1,077,648
NOW, MMDA and Savings 3,133,005 2,858,647
Time Deposits , $100,000 and over 696,885 735,657
Other Time Deposits 321,384 640,715
----------- --------- --
Total Deposits 5,181,443 5,312,667
----------- -----------
Other Borrowings 1,270,255 1,071,880
Subordinated Debt 210,311 210,311
Other Liabilities (1) 232,075 242,425
----------- -----------
Total Liabilities (1) 6,894,084 6,837,283
----------- -----------

Preferred Stock of Real Estate Investment
Trust Subsidiaries 12,162 12 ,162

Convertible Preferred Stock 92,050 91,752
Common Shareholders ' Equity 644,109 658,765
----------- -----------
Total Equity 736,159 750,517

----------- -----------
Total Liabilities and Total Equity (1) $7,642,405 $7,599,962
=========== ===========

Average Quarterly Total Loans, excluding
Nonaccrual $4,450,875 $4,494,411
Average Quarterly Securities $2,272,026 $2,397 ,036
Average Quarterly Interest Earning Assets $6,722,901 $6,891,447

Average Quarterly Deposits $5,210,518 $5,382,868
Average Quarterly Interest Bearing Liabilities $5,533,915 $5,720,832

Average Quarterly Assets (1) $7,554,333 $7,697,315
Average Quarterly Common Shareholders' Equity $674,670 $651,027
Average Quarterly Total Equity $766,721 $735,280

Average YTD Interest Earning Assets $6,722,901 $7,084,821
Average YTD Assets (1) $7,554,333 $7,915,037
Average YTD Common Shareholders' Equity $674,670 $633,503
Average YTD Total Equity $766,721 $714,113

Total Regulatory Capital
Tier I Capital $704,790 $745,586
Total Risk-based Capital $775,571 $818,743

Nonperforming Assets
Nonaccrual Loans $48,042 $61,700
OREO 1,200 -
Other Nonperforming Assets - -
----------- -----------
Total Nonperforming Assets $49,242 $61,700
=========== ===========

Greater Bay Trust Company Assets $640,063 $629,333

(1) As of December 31, 2004, we reclassified the reserve for unfunded
credit commitments from the allowance for loan losses to other
liabilities .39% 0.22%

Revenue Growth, current quarter
to prior year quarter -2.62% 87.98% 12.09%

Deposit Growth, current quarter to prior year
quarter -6.16%
Net Interest Income Growth, current quarter
to prior quarter, annualized 0.45
Fully Diluted (1) $0.18 % 1.69% 13.31% 55.50 $1.

extraterrestrial transcommunication

0 million, or $1.90% for
the third quarter of 2004.

20% in the third quarter of 2004.5% from 36.4 million higher than operating expenses for the fourth
quarter of 2003.2 million in 2004.0 million was
attributable to the sale of securities (at a total gain of $1.32% for the
third quarter of 2004.64% at December 31, 2004, compared to 0.36% at
December 31 , 2003 and 1.

Outlook For 2005

Our guidance for 2005 is as follows:

-- Loan growth - based on the current forecast of moderate
economic growth in our primary market area, and our clients '
current business outlook, we anticipate future loan portfolio
growth in the low to mid-single digits. ABD Insurance and Financial Services,
the Company's insurance brokerage subsidiary, provides commercial
insurance brokerage, employee benefits consulting and risk management
solutions to business clients throughout the United States.98% 1.56% -1.60%
Net Interest Income Growth ,
current quarter to prior
quarter, annualized -12.97 $8.63% 2 .09%
Core Deposit Growth, current quarter to prior
quarter, annualized (2) 16.80% 13.25

(1) As of December 31, 2004, we reclassified the reserve for unfunded
credit commitments from the allowance for loan losses to other
liabilities.10%
Return on Quarterly Average Common
Shareholders' Equity, annualized 14.51% 4.41 $0.45
(B)/(D)Earnings Per Common Share -
Fully Diluted $0. The Company's outstanding
convertible preferred stock was antidilutive for all periods
presented .13) $(0.00)
=========== ===========

(2 ) Net interest income for the period, annualized and divided by YTD
average interest earning assets .

Volkswagen New Beetle Owners Head to Roswell for 2005 Roswell2K Car Show June 17-19

The Roswell 2K event will also feature a New Beetle car show on Saturday,
June 18th in downtown Roswell at the Convention Center, followed by New Beetle
Parade down Roswell's historic Main Street.
For more information visit: http://www.

multitude uncanny

9 million decline
in loan and international banking fees. Portfolio contraction was caused by
declines in real estate construction loans of $58.9 million, compared to December
31, 2003 and decreased by $74.6
million) with the remaining reduction resulting from normal portfolio
run-off."

Credit Quality Overview

Net charge-offs in the fourth quarter of 2004 were $4.7 million at December 31, 2003 and $59. The increase
during the fourth quarter primarily reflected a contraction of $200.27% for the third quarter of 2004.62%
Loan Growth, YTD -1.49%
Loan Growth, YTD -9.06%
Efficiency Ratio (4) 69.62

Weighted Average Common Shares Outstanding (1) 51,468,000 52,040 ,000

Weighted Average Common + Common Equivalent
Shares Outstanding (1) 57,881,000 53,008,000

GAAP Ratios
Return on Average Yearly Assets,
annualized 1.45% 12.org. The cost is $109.
Since taking permanent residence in Long Beach in 1967, the Queen Mary has
been a hot spot for ghostly sightings and other unexplained paranormal
activity.

zerotime occurrences

Business Editors

PALO ALTO, Calif.4 million, or $0 .05% for the fourth quarter of 2003, and 13. Return on average assets for the fourth quarter
of 2004 was 1. This
increase was primarily attributable to higher insurance commissions
and fees of $2 .
Operating expenses for the year ended December 31, 2004 were $22.

Balance Sheet

At December 31, 2004, Greater Bay Bancorp's total assets were $6.1 billion.
"We are encouraged to note the continued rise in commercial loans
outstanding as well as the second consecutive quarterly increase in
construction loan totals which we believe to be consistent with the
emergence of the Bay Area economy from its recent period of economic
slowdown," stated Mr.3 million at December 31, 2004,
compared to $61.com. These forward-looking
statements relate to the Company's current expectations regarding
future operating results, net interest margin, net loan charge-offs,
asset quality, level of loan loss reserves, growth in loans and
deposits and the strength of the local economy.36%
Ratio of YTD Net Charge-offs to
YTD Average Loans 0.62%
Loan Growth, current quarter to
prior quarter, annualized 0.91% 2.25% -8.06%

Capital
Ratios:
Tier 1 Leverage ratio 10.73 $12.84


Mar 31 Dec 31
2004 2003
----------- -----------
FINANCIAL RATIOS:
Loan to Deposit Ratio 85.77%
Deposit Growth, current quarter to prior
quarter, annualized -9.99% 89.20 $8.
(2) Core Deposits includes total deposits, less institutional time
deposits.21% 4.37

Weighted Average Common Shares Outstanding (1) 52,654,000 52,363,000

Weighted Average Common + Common Equivalent
Shares Outstanding (1) 54,835,000 53,976,000

GAAP Ratios
Return on Quarterly Average Assets,
annualized 1.43

----------- ----------- -----------
Difference $(0.37

Reconciliation:
-------------------------------- ------
Earnings Per Common Share - Fully
Diluted as reported $0.69%
Efficiency Ratio (4) 66.08%
ABD Operating Expenses $112,564 $99,049
ABD Revenue $132 ,044 $118,745

(1) The following table provides detailed components included in the
calculation of the Company's basic and fully diluted earnings per
common share and is presented to provide investors with
information to enable them to better understand the reported EPS
calculations .62

Fully Diluted EPS Excluding Impact of
New Accounting Pronouncement (EITF 04-
8)
---------------------------------------

Net Income as reported $92,919 $92,003
Less: Dividends on convertible
preferred stock (6,613) (5,913)
----------- -----------
(E)Net Income available to common
shareholders $86,306 $86,090
=========== ===========

Weighted Average Common Shares
Outstanding 51,468,000 52,040,000
Common Stock Equivalents-Stock Options 1,526,000 953,000
----------- -----------
(F)Weighted Average Common + Common
Equivalent Shares Outstanding 52,994,000 52,993,000
=========== ===========

(E)/(F)Earnings Per Common Share - Fully
Diluted excluding the impact of EITF
04-8 $1. Reservations
are required (call for dress code guidelines) and can be made by calling
(562) 499-1657.
Available is a special hotel rate of $109.queenmary.

perceptions occurrences

52% for the
same period in 2003.0 million in rental revenue
on operating leases.0 million and a decline in loan and
international banking fees of $2.

Operating Expenses

Operating expenses for the fourth quarter of 2004 were $78.6 million in ABD expenses, reflecting business activity
growth;

-- $5.9 million . Scordelis. We remain pleased
with our full year results in this important area.6 million,
or 0.7 million or 0.67% for 2003. The ratio of nonperforming assets to total assets
was 0. At December 31, 2004, the
Company reclassified $6.55% as of September 30, 2004.2 million
shares at an average price of $27. These risks and uncertainties include, but
are not limited to: (1) the impact of changes in interest rates, a
decline in economic conditions at the international, national and
local levels and increased competition among financial service
providers on the Company's results of operations and the quality of
the Company's earning assets; (2) any difficulties that may be
encountered in consolidating the bank subsidiaries and in realizing
operating efficiencies; (3) government regulation , including
developments related to the ongoing insurance industry-wide
investigations into contingent commissions and override payments, and
the ultimate resolution of the notice of proposed adjustment from the
IRS; and (4) the other risks set forth in the Company's reports filed
with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended December 31 , 2003.gbbk.46% -3.39%

Risk Weighted Assets $5,602,439 $5,651,203 $5,715 ,605

Common Book Value Per Common
Share $12.18% 0.93 % -9.46%

Capital
Ratios:
Tier 1 Leverage ratio 9 .90% 15.04)
=========== =========== ===========


GAAP EPS as reported Q1 2004 Q4 2003
------------------- -------------------- ----------- -----------

Net Income as reported $24,852 $21,420
Less: Dividends on convertible
preferred stock (1,653) (1,479)
----------- - ----------
(A)Net Income available to common
shareholders $23,199 $19,941
Add: CODES interest, net of taxes 17 2
----------- -----------
(B)Net Income available to common
shareholders including CODES $23,216 $19,943
=========== ===========

(C)Weighted Average Common Shares
Outstanding 52,654,000 52,363,000
Common Stock Equivalents -Stock Options 1,612,000 1,598,000
CODES due 2024 on if-converted basis 554,000 -
CODES due 2022 on if-converted basis 15,000 15,000
----------- -----------
(D)Total Weighted Average Common + Common
Equivalent Shares Outstanding 54,835,000 53,976,000
=========== ===========

(A)/(C)Earnings Per Common Share - Basic $0.50 $1.63 $1.
(3) Total operating expenses for the period, annualized and divided by
YTD average assets.

fortean fringe

13 for the year
ended December 31, 2004. Return on average assets rose
to 1.5 million in gains on
sale of securities.
Non-interest income during the fourth quarter of 2004 was $44.

The above cost increases were partially offset by a $2.6
million. This fourth quarter growth reflects increases in
the real estate construction and land portfolio of $19.1 million . Participants may
access this conference call through the Company's website at
http://www. You should go to either of these
websites 15 minutes prior to the start of the call, as it may be
necessary to download audio software to hear the conference call.01% -4.74%
Deposit Growth, YTD -3.05%
Revenue Growth, current quarter
to prior quarter, annualized -17.64% 7.76%

Ratio of Provision for Loan and Lease Losses
to Average Loans, annualized 0.93% 0.49% 120.20% 1.24%
ABD Operating Expenses $28,300 $27,857 $28,268
ABD Revenue $30,286 $33,643 $33,245


SELECTED QUARTERLY CONSOLIDATED OPERATING
RATIOS: First Fourth
Quarter Quarter
2004 2003
----------- -----------
GAAP EPS
Earnings Per Common Share
Basic (1) $0.32% 1. The Company's outstanding
convertible preferred stock was antidilutive for all periods
presented.36 $0.62

Reconciliation:
--------------------------------------
Earnings Per Common Share - Fully
Diluted as reported $1.m.

transcommunication ghosts

This
accounting change requires that the common shares issuable upon
conversion of the Company's outstanding Zero Coupon Senior Convertible
Contingent Debt Securities (CODES) be considered on an if-converted
basis in calculating fully diluted earnings per common share.
Return on average common equity for the fourth quarter of 2004 was
12.21% compared to 14.2 million compared to the third quarter of 2004. These declines
were partially offset by an increase in commercial loans of $31. These increases were partially offset by a decline in
term real estate loans of $49.
Nonperforming assets were $44.
The allowance for loan and lease losses was $107.53% of total loans at September 30, 2004.88% at December 31, 2003 and 10. The Company's total tangible equity to tangible
assets ratio was 7.
In response to recent developments in the insurance industry
related to contingency and override revenue received by commercial
insurance brokers from carriers, the Company engaged outside counsel
to conduct a compliance review of ABD's contingency commission
arrangements and marketing practices. These forward-looking
statements are subject to certain risks and uncertainties that could
cause the actual results, performance or achievements to differ
materially from those expressed, suggested or implied by the
forward-looking statements. Amounts presented prior to the fourth quarter of 2004
have been reclassified to conform with the current presentation.


GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED)
($ in 000's)

----------------------------------------------------------------------
SELECTED QUARTERLY CONSOLIDATED OPERATING DATA:

Fourth Third Second First Fourth
Quarter Quarter Quarter Quarter Quarter
2004 2004 2004 2004 2003
-------- -------- -------- -- ------ --------
Interest Income $92,576 $93,574 $93,604 $96,745 $98,197
Interest Expense 24,473 23,307 21,722 21,374 22,975
-------- -------- -------- -------- --------
Net Interest Income
Before Provision for
Credit Losses 68,103 70,267 71,882 75,371 75,222
Provision for Credit
Losses 213 1,308 2,000 2,000 7,000
-------- -------- - ------- -------- --------
Net Interest Income
After Provision for
Credit Losses 67,890 68,959 69,882 73,371 68,222

Non-interest Income:
Insurance Commissions and
Fees 29,727 33,276 32,916 34,581 27,747
Rental Revenue on
Operating Leases 3,500 3,067 2,665 2,317 1,934
Service Charges and Other
Fees 2,611 2,599 2,624 2,623 2,754
Gains on Sale of
Securities , net 1,636 2,820 1,572 2,342 1,175
Gains on Sale of Loans 1,315 129 699 338 1,129
Loan and International
Banking Fees 1,094 1,953 1,962 2,036 2,172
Trust Fees 1,041 972 974 851 925
ATM Network Revenue 302 314 333 360 430
Other Income 3,494 2,637 2,880 2,025 2,267
-------- -------- ------ -- -------- --------
Total Non-interest
Income 44,720 47,767 46,625 47,473 40,533

Operating Expenses:
Salaries + Benefits 46,826 48,282 49,423 52,603 48,390
Deferred Loan Origination
Costs (4,384) (3,772) (3,797 ) (3,019) (3,709)
-------- -------- -------- -------- --------
Total Compensation 42,442 44,510 45,626 49,584 44,681
Occupancy and Equipment 11,984 11,570 10,251 10,205 10,390
Legal and Other
Professional Fees 6,441 6,525 4,646 3,298 3,641
Depreciation - Equipment
Leased to Others 2,941 2,549 2,252 1,905 1,712
Amortization of
Intangibles 2,072 2,071 2,072 2,071 1,889
Marketing and Promotion 1,963 1,741 1,729 1,669 1,755
Telephone , Postage and
Supplies 1,943 1,670 1,853 1,749 1,854
Insurance 1,346 1,267 1,257 1,271 837
Data Processing 1,222 1 ,303 1,272 1,227 1,267
Correspondent Bank
Charges 580 623 692 862 1,036
FDIC Insurance and
Regulatory Assessments 449 458 496 500 505
Client Services Expenses 242 318 272 327 337
Expenses on Other Real
Estate Owned - - 214 134 -
Contribution to Greater
Bay Bancorp Foundation - - - 900 -
Other Expenses 4,400 3,654 3,987 3,886 3,711
-------- ------ -- -------- -------- --------
78,025 78,259 76,619 79,588 73,615
Dividends Paid on
Preferred Stock of Real
Estate Investment Trust
Subsidiaries 456 456 456 456 464
-------- -------- -- ------ -------- --------
Total Operating Expenses 78,481 78,715 77,075 80,044 74,079

Income Before Provision
for Income Taxes 34,129 38,011 39,432 40,800 34,676
Provision for Income
Taxes 13,050 15,556 14,899 15,948 13,256
-------- -------- -------- -------- --------
Net Income $21,079 $22,455 $24,533 $24,852 $21,420
======== ======== ======== ======== ========


GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED)
($ in 000's)

--------------------------- -------------------------------------------
SELECTED CONSOLIDATED OPERATING DATA FOR THE TWELVE MONTH PERIODS:

Dec 31 Dec 31
2004 2003
--------- ---------
Interest Income $376,499 $407 ,719
Interest Expense 90,876 109,838
--------- ---------
Net Interest Income Before Provision for
Credit Losses 285,623 297,881
Provision for Credit Losses 5,521 28,195
------- -- ---------
Net Interest Income After Provision for
Credit Losses 280,102 269,686

Non-interest Income:
Insurance Commissions and Fees 130,500 117,508
Rental Revenue on Operating Leases 11,549 5,582
Service Charges and Other Fees 10,457 11,372
Gains on Sale of Securities, net 8,370 8,759
Loan and International Banking Fees 7,045 9,392
Trust Fees 3,838 3,314
Gains on Sale of Loans 2,481 4,458
ATM Network Revenue 1,309 1,773
Other Income 11,036 9,384
--------- ---------
Total Non-interest Income 186,585 171,542

Operating Expenses:
Salaries + Benefits 197,134 189,626
Deferred Loan Origination Costs (14,972) (14,203)
--------- ---------
Total Compensation 182,162 175,423
Occupancy and Equipment 44,010 40,898
Legal and Other Professional Fees 20,910 16,594
Depreciation - Equipment Leased to Others 9,647 4,615
Amortization of Intangibles 8,286 7,180
Telephone, Postage and Supplies 7,215 7,245
Marketing and Promotion 7,102 6,120
Insurance 5,141 4,487
Data Processing 5,024 5,356
Correspondent Bank Charges 2 ,757 4,519
FDIC Insurance and Regulatory Assessments 1,903 2,073
Client Services Expenses 1,159 1,293
Contribution to Greater Bay Bancorp
Foundation 900 -
Expenses on Other Real Estate Owned 348 1,065
Other Expenses 15,927 13,516
--------- ---------
312,491 290,384
Dividends Paid on Preferred Stock of Real
Estate Investment Trust Subsidiaries 1,824 1,824
--------- ---------
Total Operating Expenses 314,315 292,208

Income Before Provision for Income Taxes 152,372 149,020
Provision for Income Taxes 59,453 57,017
--------- ---------
Net Income $92 ,919 $92,003
========= =========


GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED)
($ in 000's, except share and per share data)

-------------------- --------------------------------------------------
SELECTED QUARTERLY CONSOLIDATED FINANCIAL CONDITION RATIOS:

Dec 31 Sept 30 Jun 30
2004 2004 2004
-- --------- ----------- -----------
FINANCIAL RATIOS:
Loan to Deposit Ratio 87 .53% 2.60%
Total Nonaccrual Loans 245.28% -8.83%
Tier 1 Risk-Based Capital ratio 12.00% -5. Amounts presented prior to the fourth quarter of 2004
have been reclassified to conform with the current presentation.38 $0.27% 4.43

Reconciliation:
--------------------------
Earnings Per Common Share -
Fully Diluted as reported $0.25% 1.23% 3.
(5) Total operating expenses less ABD operating expenses divided by
total revenue less ABD revenue. Queen Mary Announces Revamped Dinner and a Ghost Tour With Paranormal Host
Erika Frost

LONG BEACH, Calif.

psychics multitude

04 for the third quarter of 2004, and $0.10% for the fourth quarter of 2003,
and 1.6 million from $171.6%, compared to 35.5% for the year ended December 31,
2003 . "While our core deposit portfolio
nominally declined during the quarter, this was the result of an
expected reduction in a few large deposit accounts.31% at September 30, 2004.5 million compared to
$28.

Safe Harbor

Certain matters discussed in this press release constitute
forward -looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.12 % 0.41% 0.86% -5.06% -9.75% -4.05% 121.72%
Total Risk-Based Capital ratio 14.33 $0.

ghosts multitude

"During the year, we
continued our proactive efforts to address the evolving interest rate
environment, added to our executive management team, and reinforced
our credit, internal control and growth disciplines in ways that we
believe further enhance our potential for delivering superior
long-term shareholder returns.1 million compared to December 31,
2003 and decreased by $143.6 million compared to September 30, 2004.81% for the fourth quarter of 2003 and $3.36%, compared to 4.03% 83.55%

Ratio of Quarterly Net Charge-
offs to Average Loans ,
annualized 0.67% 10.57 $12.29%
Return on Quarterly Average
Common Shareholders' Equity,
annualized 12.26% 3.33 $0.39
Earnings Per Common Share -
Fully Diluted excluding
the impact of EITF 04-8 $0.42 $0.
The event kicks off with a "SkyWatch Party," on Friday, June 17th (where
something out of the ordinary is bound to occur). The SkyWatch Party will be followed by a BUG GLOW Cruise
where participants will decorate the cars with glowing objects and then
caravan the cars back into town. New this year,
one of the premier Elvis Impersonators in the country and a FAB Beatles
Tribute Band, both directly from Las Vegas, will perform at the Convention
Center Saturday night, June 18th.
Roswell2K grew out of two significant New Beetle occurrences.
For more information about the Queen Mary attractions, hotel, and
restaurants or to make reservations , the public may call (562) 435-3511 or
visit the Queen Mary at http://www.

itc hauntings

Greater Bay Bancorp Reports Fourth Quarter and Year End 2004 Results

9 million, or $1.50 per fully
diluted common share, compared to $92.62 per fully
diluted common share for the year ended December 31, 2003. Return on average common equity for the
year ended December 31, 2004 was 14.
Operating results for the fourth quarter of 2004 included a gain
on sale of Small Business Administration loans of $1. These increases were partially offset by lower
gains on sale of loans of $2.0% in the fourth
quarter of 2003 and 40 .
"Fourth quarter security portfolio reductions were consistent with
our planned balance sheet de-leveraging effort that began in the
second quarter of 2004," stated James S. Net charge-offs for the year ended December 31,
2004 totaled $17.5 million or
2.5 million of its allowance for loan and lease
losses related to unfunded credit commitments from the allowance for
loan and lease losses to other liabilities.0 million common share
repurchase program during 2004 totaled approximately 2.

Net Interest Margin and Interest Rate Risk Management

Greater Bay Bancorp's average net interest margin for the fourth
quarter of 2004 was 4.

About Greater Bay Bancorp

Greater Bay Bancorp, a diversified financial services holding
company, provides community banking services in the Greater San
Francisco Bay Area through Greater Bay Bank, N.61% 86.72%
Ratio of Allowance for Loan and
Lease Losses to: (1)
Average Loans 2.54% 2.39 % 2.24% 14.41%
Ratio of Allowance for Loan and Lease Losses
to: (1)
Average Loans 2.01% -5.77%

Revenue Growth, current quarter to prior year
quarter 1.58% 12.56%
Net Interest Margin - Average Earning Assets
(2) 4.65
Fully Diluted (1) $1.20%
Operating Expense Ratio (3) 4.68 $1.50 $1.
Held in Roswell, NM, famous for a 1947 UFO crash that was reported then
later denied by the U.

Dine With the Spirits Aboard the Queen Mary

perceptions profiled

9 billion in assets financial services
holding company, today announced results for the fourth quarter and
the year ended December 31, 2004.
"We are pleased to report solid core operating performance for
2004, including three consecutive quarters of growth in our loan
portfolio," commented Byron A.5 million in the fourth quarter of 2003. This growth included an increase of $13. Major components of the change from the 2003 period included
increases of:

-- $12."
During the fourth quarter of 2004 , the Company continued the
planned reduction of its securities portfolio.3 million or
0.26 per share.m.18%

Total Nonaccrual Loans to Total
Loans 0.28 % -2.75% -2.01% -5.63% -2.83%

Average Earning Assets to Average Total
Assets 88.90% 7.36 $0.16% 13.51%
Net Interest Margin - Average
Earning Assets (2) 4.82%
Efficiency Ratio (4 ) 65.38 $0.42 $0.

Each tour is limited to 30 people.

occurrences fringe

36 per fully diluted
common share, for the third quarter of 2004.7 million adjustment for deferred rent on leased corporate
properties. Scordelis, President and Chief
Executive Officer of Greater Bay Bancorp.0 million in the Company's subsidiary, ABD Insurance
and Financial Services ("ABD"), an increase of $1.3 million.0 million in depreciation on equipment leased to others;
and

-- $4.3 million in legal and professional fees entirely related
to Sarbanes-Oxley compliance activities that in total amounted
to $6.9
billion, total securities were $1.6 million.5 million compared to September 30,
2004.41% of average annualized loans, compared to $9.2 million for the
fourth quarter of 2004 compared to $7.5 million or
2. There were no common
share repurchases during the fourth quarter.
"Fourth quarter margin growth reflected the effect of rising
short -term interest rates on the Company's net asset sensitive
position, an increased concentration of loans in the earning asset
mix, lower nonperforming asset levels and restrained upward deposit
pricing ," stated Mr.

-- Deposit growth - we anticipate future core deposit growth in
the mid-single digits.95%
Total Nonperforming Assets to
Total Assets 0.32% 0.40% 0.43%

Loan Growth, current quarter to
prior year quarter -1.96% 88.99% 10.47% 201.61%

Total Nonaccrual Loans to Total Loans 1.36%
Total Nonperforming Assets to Total Assets 0.05% -7. The following table sets forth the reconciliation
of Common Shareholders' Equity to Tangible Total Equity and Total
Assets to Tangible Assets:

Common Shareholders' Equity $659,250 $648,022 $623,116
Convertible Preferred Stock 103,816 91,917 91,924
----------- ----------- -----------
Total Equity 763 ,066 739,939 715,040
Less: Goodwill and Other
Intangible Assets (251 ,660) (219,627) (221,861)
----------- ----------- -------- ---
Tangible Total Equity (4) $511,406 $520,312 $493,179
=========== =========== ===========

Total Assets $6,942,821 $7,111,493 $7,614,735
Less: Goodwill and Other
Intangible Assets (251,660 ) (219,627) (221,861)
----------- ----------- -----------
Tangible Assets (5) $6,691,161 $6,891,866 $7,392,874
=========== =========== ===========

Common Shareholders' Equity $644,109 $658,765
Convertible Preferred Stock 92,050 91,752
----------- -----------
Total Equity 736,159 750,517
Less: Goodwill and Other Intangible Assets (224,095 ) (225,229)
----------- -----------
Tangible Total Equity (4) $512,064 $525,288
=========== ===========

Total Assets $7,642,405 $7,599,962
Less: Goodwill and Other Intangible Assets (224,095) (225,229)
----------- -----------
Tangible Assets (5) $7,418,310 $7,374,733
=========== ===========

(4) Tangible Total Equity includes Common Shareholders' Equity and
Convertible Preferred Stock, less Goodwill and Other Intangible
Assets.16%
Return on Average Yearly Common
Shareholders' Equity, annualized 14.63 $1. Hundreds of New Beetle owners are expected to
attend the three days of festivities, which include a car show, New Beetle
parts manufacturers, a parade, parties, rallies and more. Experienced sky watchers of
the Goddard Planetarium will be present and there will be plenty of free
parking and food. in the Sir Winston's Lounge followed by a
7:30 p. dinner at Sir Winston's.

hauntings itc

For the year ended
December 31, 2004, net income was $92 .
Operating expenses decreased during the fourth quarter of 2004 by
approximately $0.8 million .6 billion compared to $2.8 million. While not yet formally presented, the review process
has been completed, and no evidence was found to indicate any improper
activities of the type alleged against other firms in New York, nor
were any systemic compliance-related issues identified in these
general areas of concern.50%.gbbk.'s community banking
organization, including Bank of Petaluma, Bank of Santa Clara, Bay
Area Bank, Bay Bank of Commerce, Coast Commercial Bank, Cupertino
National Bank , Golden Gate Bank, Mid-Peninsula Bank, Mt. Diablo
National Bank, Peninsula Bank of Commerce and San Jose National Bank.97% 193.64% 0.79% 22.56% 9.20%

Net Interest Income Growth ,
current quarter to prior year
quarter -9.62% 120.40% 9.08% 1.50% 0.67%

Loan Growth, current quarter to prior year
quarter -6.21%
Deposit Growth, YTD -9.53%
Average Earning Assets to Average Interest-
Bearing Liabilities 121.98%
Tier 1 Risk-Based Capital ratio 12.29%
Operating Expense Ratio (3) 4.56% 66.43 $0.

GAAP EPS as reported 2004 2003
--------------------------------------- ----------- -----------

Net Income as reported $92,919 $92,003
Less: Dividends on convertible
preferred stock (6,613) (5,913)
----------- -----------
(A)Net Income available to common
shareholders $86,306 $86,090
Add: CODES interest , net of taxes 584 9
------ ----- -----------
(B)Net Income available to common
shareholders including CODES $86,890 $86,099
=========== ===========

(C)Weighted Average Common Shares
Outstanding 51,468 ,000 52,040,000
Common Stock Equivalents-Stock Options 1,526,000 953,000
CODES due 2024 on if-converted basis 4,872,000 -
CODES due 2022 on if-converted basis 15,000 15,000
----------- -----------
(D)Total Weighted Average Common + Common
Equivalent Shares Outstanding 57 ,881,000 53,008,000
=========== ===========

(A)/(C)Earnings Per Common Share - Basic $1.65
(B)/(D)Earnings Per Common Share - Fully
Diluted $1., The Queen Mary has revamped
its popular Dinner and a Ghost Tour experience.com.

narratives profiled

The effect
of this implementation was to decrease the Company 's reported fully
diluted earnings per common share by $0."

Non-Interest Income

Non -interest income for the fourth quarter of 2004 increased to
$44. These increases were partially offset by a $1.2 million increase in gains on sale of loans.
Non-interest income as a percentage of total revenues in the
fourth quarter of 2004 was 39.2 million in depreciation on equipment leased to others .1
million higher than operating expenses for the year ended December 31,
2003.
Total loans increased by $10. Of the
decrease from September 30, 2004, approximately $100.98% at December 31 , 2004, compared to 1.33% for the fourth quarter of
2003 and 4.32%
Core Deposit Growth, current
quarter to prior quarter,
annualized (2) -6.53% 1.73%
End of Period Loans 2.29%

Core Deposit Growth, current quarter to prior
year quarter (2) 6.92%

Net Interest Income Growth , current quarter
to prior year quarter -1.46%
Return on Quarterly Average Total
Equity, annualized 11.04% 11.16% 64.21% 14.56% 62. ROSWELL, N., DON'T PANIC! This week will
feature sightings of mysterious pods in cities across America! War of the
Worlds? No, Volkswagen New Beetles! Four New Beetle caravans will begin
their cross-country trek from points across the nation, all making a B(eetle)-
Line for the 6th Annual "Roswell "2K Car Show Weekend" from June 17 to 19. In 1999, given Roswell's reputation as the site of
the alleged UFO crash, the event was firmly set following the airing of a New
Beetle commercial stating (tongue firmly in cheek) that the car was
"reverse-engineered by UFOs. The new tours begin April 8, 2005 and will take place every
Friday and Saturday evening.m.

multitude fortean

The reported fully diluted earnings per common share reflect the
Company's implementation of a recent accounting pronouncement relating
to contingently convertible debt for reporting purposes. Westfall, Executive Vice
President and Chief Financial Officer. The ratio of non-accrual loans to
total loans was 0.
The Company 's provision for credit losses was $0.7
million in tangible assets partially offset by an $8. Westfall .FullDisclosure.02% 0.70%
Core Deposit Growth, YTD (2) 5.33% -2.62% 85 .66% 2.


GREATER BAY BANCORP
DECEMBER 31, 2004 - FINANCIAL SUMMARY (UNAUDITED)
($ in 000's, except share and per share data)

----------------------------------------------------------------------

SELECTED QUARTERLY CONSOLIDATED
OPERATING RATIOS: Fourth Third Second
Quarter Quarter Quarter
2004 2004 2004
----------- ----------- -----------
GAAP EPS
Earnings Per Common Share
Basic (1) $0.44 $0.33%
Operating Expense Ratio (3) 4.39


Fully Diluted EPS Excluding
Impact of New Accounting
Pronouncement (EITF 04-8)
----------------------- ----

Net Income as reported $21,079 $22,455 $24,533
Less: Dividends on
convertible preferred
stock (1,653) (1,653) (1,653)
----------- ----------- -----------
(E)Net Income available to
common shareholders $19,426 $20,802 $22,880
=========== =========== ===========

Weighted Average Common
Shares Outstanding 51,060,000 51,046,000 51,108,000
Common Stock Equivalents -
Stock Options 1,548,000 1,414,000 1,505,000
----------- ----------- -----------
(F)Weighted Average Common +
Common Equivalent Shares
Outstanding 52,608,000 52,460,000 52,613,000
=========== =========== ===========

(E)/(F)Earnings Per Common Share -
Fully Diluted excluding
the impact of EITF 04-8 $0.40 $0.44 $0.38
(B)/(D)Earnings Per Common Share - Fully
Diluted $0.36% 4. After dinner, Guests will embark on a tour
to the haunted areas of the ship including the Royal Theatre, Propeller Box,
Engine Room, Exhibit Hall, Boiler Room, Pool, and the not accessible to the
public Cargo Hold area, ending in the Observation Bar, where guests can
discuss their findings with Erika.

itc occurrences

5 million
decline in insurance commissions and fees and a $0 .5% in the third quarter of 2004.6 million in occupancy and equipment expenses entirely
related to the deferred rent adjustment cited above; and

$1.5 million, and in other real estate loans of
$19.31% 0.61% 19.47% -4.94% -18.81%

Ratio of Quarterly Net Charge -offs to Average
Loans, annualized 0.50% 0.20% 3.14 % 12.41% 4.00%
Total Operating Expenses $80,044 $74,079
Total Revenue $122,844 $115,755

NON-GAAP Ratios
Efficiency Ratio (Excluding the operating
results of ABD) (5) 59.04) $(0 .68 $1.

transcommunication chakras

1 million, partially offset
by a $1.1
million reduction in loan and international banking fees.0 million in insurance
commissions and fees and an increase of $6.5
billion and total deposits were $5.12% at
December 31, 2003 and 7.
Purchases under the Company's $70.A.60%
End of Period Loans 2.10% 10.62%

Average Earning Assets to Average
Total Assets 87.98% 12.55% 6.64% 0.12%
Revenue Growth , current quarter to prior
quarter, annualized 24.
(5) Tangible Assets includes Total Assets, less Goodwill and Other
Intangible Assets.00% 54.43 $0.00
=========== ===========

(2) Net interest income for the period, annualized and divided by
average quarterly interest earning assets.52 %
Return on Average Yearly Total Equity,
annualized 12.62
Earnings Per Common Share - Fully
Diluted excluding the impact of EITF
04-8 $1." The rest, as they say, is history.roswell2k . Erika has tapped into the mysterious happenings aboard the ship and
communicated with its otherworldly inhabitants using her gifts of Vision and
Astral Projection.

hauntings bitten

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)