0million or 38 compared to net income of 2

Spartans will be favored...Lets look at the Top level entire Stats comparison....We were Confident in June... we're Confident today...More Tomorrow !Sparty On !! This article is also featured on SpartyMSU. Conference Call and Webcast Scheduled for Friday, January 30, 2008 at 9:00 a.m.Eastern TimeSAN JOSE, Calif.(Business Wire)Bridge Capital Holdings (NASDAQ:BBNK), whose subsidiary is Bridge Bank, NationalAssociation, announced today its financial results for the fourth quarter andyear ended December 31, 2008. The Company reported net income of $1.7 million, or $0.23 per diluted share, forthe three months ended December 31, 2008. This represented a decrease of $1.0million, or 38, compared to net income of $2.7 million, or $0.39 per dilutedshare, in the same period one year ago.

The Company reported a net loss for thetwelve months ended December 31, 2008 of $(7.3) million, or $(1.15) per dilutedshare, compared to net income of $10.7 million, or $1.57 per diluted share, forthe year ended 2007, representing a 173 decrease in earnings per share. The netloss for the full year 2008 primarily reflects the impact of a significantyear-over-year increase in the provision for credit losses recorded during thethird quarter of 2008. Fourth Quarter Highlights Strong capital levels further strengthened with the private placement of $30.0million in mandatorily convertible preferred stock and the purchase of $23.8million of preferred stock by the U.S Treasury through the TARP CapitalPurchase Program. Capital ratios substantially exceed the regulatory calculation for being "wellcapitalized" with a Total Risk-Based Capital Ratio of 16.90, a Tier I CapitalRatio of 13.31, and a Tier I Leverage Ratio of 12.36. Provided $3.9 million to the allowance for credit losses which increased to2.65, up from 2.59 at September 30 2008, and double the level of 1.32 oneyear earlier.

In addition, at December 31, 2008 the allowance for credit lossesrepresented coverage of 117 of nonperforming loans. Nonperforming assets were reduced to $16.9 million, or 1.78 of total assets,as of December 31, 2008 from $20.2 million, or 2.36 of total assets atSeptember 30, 2008. Total assets were $947.6 million as of December 31, 2008, representing anincrease of $92.2 million, or 11, during the fourth quarter of 2008. Total deposits increased $38.5 million, or 5, during the fourth quarter of2008 to $777.3 million as of December 31, 2008.

Return onaverage assets and return on average equity for the twelve months ended December31, 2008 were (0.88) and (10.87), respectively, compared to 1.45 and 19.34,respectively, for the same period one year earlier. "The fourth quarter marked significant progress in positioning the Companystrongly for the road ahead," said Allan C. Kramer M.D., Chairman of the Boardsof Bridge Capital Holdings and Bridge Bank. We move forward with capital ratios and reservelevels that are among the highest in the nation," said Daniel P.