Exhibit 99.1

Press Release Source: Silver State Bancorp

SILVER STATE BANCORP REPORTS FOURTH QUARTER NET INCOME OF $5.9 MILLION

OR $0.38 PER SHARE; FULL YEAR NET INCOME UP 18.94% PERCENT

Henderson, NV – January 30, 2008 – Silver State Bancorp (NASDAQ: SSBX) today reported net income for the fourth quarter ended December 31, 2007 of $5.9 million, or $0.38 per diluted share, compared with $5.7 million or $0.40 per diluted share reported for the fourth quarter of 2006. For the year ended December 31, 2007, Silver State Bancorp posted net income of $24.8 million, or $1.68 per diluted share, up 18.94% from a year earlier.

4^th Quarter 2007 Financial Highlights

• Net income of $5.9 million, or $0.38 per diluted share, compared with $5.7 million, or $0.40 per diluted share, in the fourth quarter 2006

• Net interest income of $22.0 million, an increase of $5.2 million or 31.18% from the fourth quarter 2006

• Net interest margin of 5.22% for the quarter

• Net loan growth, excluding loans held for sale, of $97.6 million or 6.77% for the quarter

• Return on average equity (annualized) of 14.84% and return on average assets (annualized) of 1.33% for the quarter

• Non-performing loans represented 0.84% of gross loans at December 31, 2007

• Non-performing assets represented 0.75% of total assets at December 31, 2007

• Net charge-offs as a percentage of average loans were 0.06% for the fourth quarter and 0.08% for the year ended December 31, 2007

• Efficiency ratio of 47.85% for the quarter

• Opened two additional full service branch offices in the Las Vegas metropolitan area during the quarter

• Opened one additional full service branch office in the Phoenix metropolitan area during the quarter

Corey L. Johnson, President and Chief Executive Officer, said, “There is virtually no question at this point that the fourth quarter results, as well as those of the full year were impacted by a weakening economy. From an operational perspective, the performance of Silver State Bancorp was exemplary and our close monitoring of credit quality positioned the company to manage the more severe ramifications of what now appears to be the outset of a recessionary economic environment.

“Our strategy is one that is dynamic and as such, provides us with the best possible opportunity to manage the effects of the weakening economic conditions, or certainly to take advantage of an uptick, should it occur.

Mr. Johnson pointed out that “We are well positioned for the current operating environment. We continue to monitor the credit quality of the bank and have and continue to be proactive in identifying and working to resolve problem loans. Despite our increase in non-performing loans during the fourth quarter, based on our evaluation of these loans and the market environment, we do not expect these loans to result in significant loan losses in excess of existing specific reserves.

“While 2008 will clearly present economic challenges in our markets (Nevada and Arizona), we firmly believe that Silver State Bancorp has the appropriate business strategy to ensure that growth continues, as well as the management strength and acumen to effect that strategy.”

Income Statement

Silver State Bancorp reported net income of $5.9 million for the three months ended December 31, 2007, representing an increase of 3.24% compared with net income of $5.7 million for the fourth quarter of 2006. Diluted earnings per share were $0.38 for the three months ended December 31, 2007, a decrease of 5.00%, compared with $0.40 for the corresponding period of 2006.

For the year ended December 31, 2007, net income was $24.8 million, representing an increase of 18.94% compared with net income of $20.9 million for the year ended December 31, 2006. Diluted earnings per share were $1.68 for the year ended December 31, 2007, an increase of 10.53%, compared with $1.52 for the corresponding period of 2006.

Total interest income was $39.2 million for the quarter ended December 31, 2007 compared with $27.3 million for the corresponding period of 2006. This increase of $11.9 million or 43.51% was primarily the result of significant growth in our average earning assets. The average balance of our interest earning assets, driven by an increase in our average loans, increased $561.5 million or 50.61% for the fourth quarter of 2007 compared with the corresponding period of 2006. The average yield on earning assets decreased to 9.32% for the quarter ended December 31, 2007 compared with 9.78% for the corresponding period of 2006.

Total interest expense was $17.3 million for the quarter ended December 31, 2007 compared with $10.6 million for the corresponding period of 2006. This increase of $6.7 million or 63.04% was primarily the result of an increase in the average balance of our interest bearing liabilities. The average balance of our interest bearing liabilities, driven by an increase in our average deposits, increased $517.6 million or 57.83% for the fourth quarter of 2007 compared with the corresponding period of 2006. The average cost of interest bearing liabilities increased to 4.85% for the quarter ended December 31, 2007 compared with 4.69% for the corresponding period of 2006.

Net interest income was $22.0 million for the quarter ended December 31, 2007, an increase of $5.2 million or 31.18% compared with net interest income of $16.8 million for the corresponding period of 2006. The net interest margin decreased to 5.22% for the fourth quarter of 2007, compared with 5.83% for the third quarter of 2007, and compared with 5.99% for the fourth quarter of 2006. This decrease is primarily attributable to a decrease in the average yield of our loan portfolio reflecting recent interest rate cuts as well as continued competitive pressures on the pricing of our deposit products. In addition, our net interest margin decreased by 0.06% due to the reversal of interest income on loans being placed on non-accrual status during the fourth quarter.

The provision for loan losses was $3.6 million for the quarter ended December 31, 2007 compared with $2.4 million for the quarter ended September 30, 2007 and compared with $804,000 for the quarter ended December 31, 2006. The increased provision reflects an increase in our loan portfolio as well as an increase in non-performing assets, an increase in our potential problem loans, and the general weakening economic condition in the markets served by the Company.

Total non-interest income remained consistent at $1.9 million for the quarter ended December 31, 2007, when compared with non-interest income of $1.9 million for the corresponding period of 2006. Total non-interest income represented 21.47% of income before income taxes for the quarter ended December 31, 2007 compared with 20.72% for the corresponding period of 2006.

Total non-interest expense was $11.4 million for the quarter ended December 31, 2007, an increase of $2.7 million or 31.48% compared with total non-interest expense of $8.7 million for the corresponding period of 2006. The increase was primarily attributable to expenses associated with salaries and employee benefits which increased $1.7 million or 32.64% to $6.8 million for the quarter ended December 31, 2007 compared with $5.1 million for the corresponding period of 2006 due to the addition of new employees which is consistent with our overall growth. Full-time equivalent employees were 389 at December 31, 2007 compared

with 268 at December 31, 2006. Occupancy expenses increased $388,000 or 50.13% to $1.2 million for the quarter ended December 31, 2007 compared with $774,000 for the corresponding period of 2006 primarily as a result of the Company’s number of full service branch offices increasing to 15 at December 31, 2007 from 12 at December 31, 2006 as well as increased lease expense for corporate and administration office space due to the overall growth of the company. Professional fees increased $481,000 or 84.68% to $1.0 million for the quarter ended December 31, 2007 compared with $568,000 for the corresponding period of 2006 due to increased legal, audit, accounting, and compliance fees attributed to the growth of the company and costs associated with being a public company. Insurance expense increased $206,000 or 231.46% to $295,000 for the quarter ended December 31, 2007 compared with $89,000 for the corresponding period of 2006 due primarily to an increase in FDIC deposit insurance assessments.

Balance Sheet

Total assets were $1.8 billion at December 31, 2007, an increase of $554.4 million or 45.84% from December 31, 2006. Total assets increased $89.9 million or 5.37% from September 30, 2007. These increases were due primarily to internally generated loan growth and reflect our ability to leverage our newly generated capital.

Net loans, excluding loans held for sale, totaled $1.5 billion at December 31, 2007, an increase of $535.2 million or 53.29% from December 31, 2006 and an increase of $97.6 million or 6.77% from September 30, 2007. Loans held for sale totaled $68.9 million at December 31, 2007, an increase of $34.8 million or 102.24% from December 31, 2006 and an increase of $5.6 million or 8.82% from September 30, 2007. The majority of the loan growth was in construction and land loans which grew $445.4 million or 71.81% from December 31, 2006 and grew $79.8 million or 8.10% from September 30, 2007. Net loans represented 87.28% of total assets at December 31, 2007 compared with 86.14% at September 30, 2007 and 83.04% at December 31, 2006. The allowance for loan and lease losses represented 1.24% of gross loans at December 31, 2007 and 1.10% at December 31, 2006 and 1.15% at September 30, 2007. This increase is due to the Company increasing its allowance to reflect an increase in non-performing assets, an increase in our potential problem loans, and the general weakening economic condition in the markets served by the Company.

Deposits totaled $1.4 billion at December 31, 2007, an increase of $440.2 million or 44.64% from December 31, 2006 and an increase of $70.4 million or 5.19% from September 30, 2007. The majority of our deposit growth occurred in interest bearing checking accounts which grew $101.0 million or 23.22% and time deposits which grew $328.4 million or 90.70% from December 31, 2006. Interest bearing checking accounts increased $4.0 million or 0.75% and time deposits grew $71.9 million or 11.62% from September 30, 2007. At December 31, 2007, $500.2 million of our total deposits are considered for regulatory purposes to be brokered deposits, an increase of $309.9 million or 162.86% from December 31, 2006 and an increase of $64.9 million or 14.9% from September 30, 2007. Federal Home Loan Bank advances were $90.6 million at December 31, 2007, an increase of $32.6 million or 56.21% from December 31, 2006 and $14.0 million or 18.28% from September 30, 2007. Both deposit liabilities and Federal Home Loan Bank advances are used as our primary funding sources to support our strong loan growth.

Junior subordinated debt totaled $69.6 million at December 31, 2007, an increase of $30.9 million or 80.00% from December 31, 2006. The junior subordinated debt balance remained unchanged since September 30, 2007. Our junior subordinated debt, which is issued to our statutory trust subsidiaries that, in turn, issue trust preferred securities, is considered long-term borrowing for financial reporting purposes but is included as a component of regulatory capital, subject to limitations.

Stockholders’ equity increased $51.0 million or 47.82% from December 31, 2006 and $5.5 million or 3.64% from September 30, 2007. This increase was a result of the company’s initial registered public offering of common stock completed in July 2007 which raised approximately $25.5 million of net proceeds, $24.8 million in net income for the year ended December 31, 2007, and the remainder from treasury stock transactions and stock option exercises. The Company repurchased 135,400 shares of its common stock under an authorized stock repurchase program at a weighted average price per share of $15.19 during the quarter

ended December 31, 2007. Total stockholders’ equity represented 8.94% of total assets at December 31, 2007, compared with 8.82% at December 31, 2006 and 9.09% at September 30, 2007. Tangible book value per share increased to $9.03 at December 31, 2007 from $6.33 at December 31, 2006 and $8.67 at September 30, 2007.

Asset Quality and Capital Ratios

At December 31, 2007 non-performing loans were $13.1 million and represented 0.84% of gross loans and non-performing assets were $13.2 million and represented 0.75% of total assets. Net charge-offs were $963,000 for the quarter ending December 31, 2007 and as a percentage of average loans were 0.06% for the quarter ending December 31, 2007.

The Company is considered “well-capitalized” pursuant to regulatory capital definitions at December 31, 2007 with Tier 1 Risk-Based, Total Risked-Based and Leverage Ratios of 10.56%, 12.48% and 10.99%, respectively.

Conference Call

Silver State Bancorp will host a conference call at 11:00 AM Eastern Time/8:00 AM Pacific Time on Thursday, January 31, 2008 to discuss the Company’s performance and fourth quarter results. Participants may access the call by dialing 866.825.3354 (International dial 617.213.8063) using the pass code 75464254. The call will be recorded and made available for replay after 1:00 PM Eastern Time on January 31, 2008 until 11:59 PM Eastern Time on February 7, 2008 by dialing 888.286.8010 (International dial 617.801.6888) using the pass code 92836400. A replay will also be available via web broadcast at www.silverstatebancorp.com.

About Silver State Bancorp

Silver State Bancorp, through its wholly-owned subsidiaries, Silver State Bank and Choice Bank, currently operates twelve full service branches in southern Nevada and three full service branches in the Phoenix/Scottsdale market area. Silver State Bank also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado and Florida. Please visit www.silverstatebancorp.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements. Terms such as “will,” “should,” “plan,” “intend,” “expect,” “continue,” “believe,” “anticipate,” “seek,” and similar expressions are forward-looking in nature and reflect management’s view only as the date hereof. Actual results and events could differ materially from those expressed or anticipated and are subject to a number of risks and uncertainties including but not limited to fluctuations in interest rates, asset quality, government regulations, economic conditions and competition in the geographic and business areas in which Silver State Bancorp conducts its operations. We undertake no obligation to review or update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Silver State Bancorp and Subsidiaries

Consolidated Balance Sheets

December 31, 2007 and December 31, 2006

(Dollars in thousands)

(UNAUDITED)

	December 31, 2007			December 31, 2006
Assets
Cash and cash equivalents	$	13,838		$	27,063
Federal funds sold		—			8,416
Total cash and cash equivalents		13,838			35,479
Securities available for sale		51,966			65,324
Federal Home Loan Bank stock, at cost		5,469			3,382
Loans held for sale		68,868			34,053
Loans, net of allowance for losses of $19,304 and $11,200, respectively		1,539,667			1,004,443
Premises and equipment, net		43,081			32,033
Accrued interest receivable		9,969			7,236
Deferred taxes, net		4,794			2,441
Other real estate owned		110			738
Goodwill		18,835			18,934
Intangible asset, net of amortization of $247 and $64, respectively		917			1,100
Prepaids and other assets		6,440			4,355
Total assets	$	1,763,954		$	1,209,518
Liabilities and Stockholders’ Equity
Deposits:
Non-interest bearing demand	$	177,084		$	169,429
Interest bearing:
Checking		535,902			434,906
Savings		22,943			19,806
Time, $100 and over		256,392			197,493	(1)
Other time		434,183			164,637	(1)
Total deposits		1,426,504			986,271
Accrued interest payable and other liabilities		9,661			6,356
Federal funds purchased and securities sold under repurchase agreements		9,983			13,602
Federal Home Loan Bank advances and other borrowings:
Short-term borrowings		34,000			8,000
Long-term borrowings		56,600			50,000
Junior subordinated debt		69,589			38,661
Total liabilities		1,606,337			1,102,890
Stockholders’ Equity
Preferred stock, par value of .001 cents; 10,000,000 shares authorized; none issued or outstanding		—			—
Common stock, par value of .001 cents; 60,000,000 shares authorized; shares issued 2007: 15,944,154; 2006: 14,224,172; shares outstanding 2007: 15,271,421; 2006: 13,687,109		16			14	(2)
Additional paid-in capital		79,721			51,665
Retained earnings		81,974			57,145
Accumulated other comprehensive income (loss)		64			(101	)
		161,775			108,723
Less cost of treasury stock, 2007: 672,733 shares, 2006: 537,063 shares		(4,158	)		(2,095	)
Total stockholders’ equity		157,617			106,628
Total liabilities and stockholders’ equity	$	1,763,954		$	1,209,518

(1) Approximately $30,000 has been reclassed from Time Deposits, $100 and over to Other time deposits as of December 31, 2006 to be consistent with revised regulatory reporting requirements. There is no change to total deposits as a result of this reclassification.

(2) Common stock and additional paid in capital as of December 31, 2006 have been adjusted to reflect the change in par value on common stock from .10 to .001.

Silver State Bancorp and Subsidiaries

Consolidated Statements of Income

For the three months and twelve months ended December 31, 2007 and 2006

(Dollars in thousands, except per share information)

(UNAUDITED)

		Three Months Ended December 31,						Twelve Months Ended December 31,
	2007			2006			2007			2006
Interest and dividend income on:
Loans, including fees	$	37,844		$	25,841		$	137,519		$	85,378
Securities, taxable		1,079			887			3,095			3,034
Dividends on FHLB stock		58			42			212			145
Federal funds sold and other		256			571			948			1,349
Total interest income		39,237			27,341			141,774			89,906
Interest expense on:
Deposits		14,728			9,431			52,372			27,969
Federal funds purchased and securities sold under repurchase agreements		53			181			367			674
Short-term borrowings		558			48			1,352			224
Long-term borrowings		689			334			2,584			1,813
Junior subordinated debt		1,223			587			3,669			1,876
Total interest expense		17,251			10,581			60,344			32,556
Net interest income		21,986			16,760			81,430			57,350
Provision for loan losses		3,550			804			9,160			2,821
Net interest income after provision for loan losses		18,436			15,956			72,270			54,529
Other income:
Gain on sale of loans		1,144			1,155			5,221			4,168
Net realized gain (loss) on sale of available for sale securities		—			11			31			(6	)
Service charges on deposit accounts		241			252			892			759
Loan servicing fees, net of amortization		72			31			340			176
Other income		473			449			1,956			864
Loss on disposal of other assets		(16	)		(1	)		(32	)		(44	)
Total non-interest income		1,914			1,897			8,408			5,917
Non-interest expense:
Salaries, wages and employee benefits		6,766			5,101			25,331			17,176
Occupancy		1,162			774			3,679			2,583
Depreciation and amortization		701			647			2,556			1,531
Insurance		295			89			1,250			296
Professional fees		1,049			568			3,096			1,560
Advertising, public relations and business development		193			216			899			751
Customer service expense		82			84			352			378
Data processing		32			43			154			351
Dues and memberships		63			33			177			146
Directors expense		39			49			116			131
Loss on other real estate owned		—			—			132			—
Other		1,053			1,093			3,738			2,924
Total non-interest expense		11,435			8,697			41,480			27,827
Income before income taxes		8,915			9,156			39,198			32,619
Income taxes		3,054			3,479			14,369			11,743
Net income		5,861			5,677			24,829			20,876
Basic income per common share	$	0.38		$	0.42		$	1.72		$	1.58
Diluted income per common share	$	0.38		$	0.40		$	1.68		$	1.52

Silver State Bancorp and Subsidiaries

Summary Consolidated Financial and Other Data

(Dollars in thousands, except per share data and ratios)

(UNAUDITED)

	At or for the Three Months Ended December 31,						For the Twelve Months Ended December 31,
	2007			2006			2007		2006
Selected Income Data:
Interest income	$	39,237		$	27,341		$	141,774	$	89,906
Interest expense		17,251			10,581			60,344		32,556
Net interest income		21,986			16,760			81,430		57,350
Provision for loans losses		3,550			804			9,160		2,821
Net interest income after provision for loan losses		18,436			15,956			72,270		54,529
Non-interest income		1,914			1,897			8,408		5,917
Non-interest expense		11,435			8,697			41,480		27,827
Income before income taxes		8,915			9,156			39,198		32,619
Provision for income taxes		3,054			3,479			14,369		11,743
Net Income	$	5,861		$	5,677		$	24,829	$	20,876
Share data:
Earnings per share—basic	$	0.38		$	0.42		$	1.72	$	1.58
Earnings per share—diluted		0.38			0.40			1.68		1.52
Book value per share		10.32			7.79
Tangible book value per share		9.03			6.33
Shares outstanding at period end		15,271,421			13,687,109
Weighted average shares outstanding—basic		15,298,143			13,545,912			14,401,206		13,173,918
Weighted average shares outstanding—diluted		15,599,791			14,112,766			14,784,630		13,750,641
Selected Balance Sheet Data:
Cash and cash equivalents	$	13,838		$	35,479
Investments and other securities		51,966			65,324
Loans held for sale		68,868			34,053
Gross loans, including net deferred loan fees		1,558,971			1,015,643
Allowance for loan losses		19,304			11,200
Assets		1,763,954			1,209,518
Deposits		1,426,504			986,271
Junior subordinated debt		69,589			38,661
Stockholders’ equity		157,617			106,628
Selected Other Balance Sheet Data:
Average assets	$	1,751,712		$	1,181,874		$	1,521,336	$	980,287
Average earning assets		1,670,914			1,109,413			1,444,719		928,250
Average stockholders’ equity		156,706			103,265			131,804		88,016
Selected Capital Ratios:
Leverage Ratio		10.99	%		10.53	%
Tier 1 Risk-Based Capital ratio		10.56	%		10.46	%
Total Risk-Based Capital ratio		12.48	%		11.59	%

Silver State Bancorp and Subsidiaries

Summary Consolidated Financial and Other Data (continued)

(Dollars in thousands, except per share data and ratios)

(UNAUDITED)

	At or for the Three Months Ended December 31,				For the Twelve Months Ended December 31,
	2007		2006		2007		2006
Selected Financial & Performance Ratios:
Return on average assets (1)	1.33	%	1.91	%	1.63	%	2.13	%
Return on average stockholders’ equity (1)	14.84	%	21.81	%	18.84	%	23.72	%
Net interest rate spread (2)	4.47	%	5.09	%	4.82	%	5.16	%
Net interest margin (3)	5.22	%	5.99	%	5.64	%	6.18	%
Efficiency ratio (4)	47.85	%	46.62	%	46.17	%	43.98	%
Loan to deposit ratio	109.29	%	102.98	%
Average earning assets to average interest-bearing liabilities	118.29	%	123.96	%	119.35	%	129.18	%
Average stockholders’ equity to average assets	8.95	%	8.74	%	8.66	%	8.98	%
Selected Asset Quality Ratios:
Non-performing loans to gross loans (5)	0.84	%	0.01	%
Non-performing assets to total assets (6)	0.75	%	0.07	%
Loans past due 90 days or more and still accruing to total loans	—		—
Allowance for loan losses to gross loans	1.24	%	1.10	%
Allowance for loan losses to non-performing loans	147.60	%	8484.85	%
Net charge-offs to average loans outstanding	0.06	%	0.02	%	0.08	%	0.07	%
Selected Other Data:
Number of full service branch offices	15		12

(1) Information for the three months ended December 31, 2007 and 2006 is annualized.

(2) Net interest spread represents average yield earned on interest-earning assets less the average rate paid on interest-bearing liabilities.

(3) Net interest margin represents net interest income as a percentage of average interest-earning assets.

(4) Efficiency ratio represents non-interest expenses as a percentage of the total of net interest income plus non-interest income.

(5) Non-performing loans are defined as loans that are past due 90 days or more plus loans placed in non-accrual status.

(6) Non-performing assets include non-performing loans plus other real estate owned.

Silver State Bancorp and Subsidiaries

Average Balance Sheet Data

(Dollars in thousands)

(UNAUDITED)

	Three Months Ended December 31,
	2007							2006
	Average Balance			Interest		Average Yield/Cost (5)		Average Balance			Interest		Average Yield/Cost (5)
	(Dollars in thousands)
Interest-earning Assets
Investment Securities-taxable	$	86,115		$	1,079	4.97	%	$	78,893		$	887	4.46	%
Federal funds sold and other		22,078			256	4.60	%		42,538			571	5.33	%
Loans (1) (2)		1,557,602			37,844	9.64	%		984,614			25,841	10.41	%
FHLB stock		5,119			58	4.50	%		3,368			42	4.95	%
Total earning assets		1,670,914			39,237	9.32	%		1,109,413			27,341	9.78	%
Non-interest earning Assets
Cash and due from banks		19,185							17,341
Allowance for loan losses		(17,859	)						(10,806	)
Other assets		79,472							65,926
Total assets	$	1,751,712						$	1,181,874
Interest-bearing Liabilities
Sources of Funds
Interest-bearing deposits:
Interest checking	$	11,803		$	31	1.04	%	$	21,816		$	60	1.09	%
Savings and money market		551,033			5,769	4.15	%		416,404			4,743	4.52	%
Time deposits		672,351			8,928	5.27	%		349,699			4,628	5.25	%
Total interest-bearing deposits		1,235,187			14,728	4.73	%		787,919			9,431	4.75	%
Short-term borrowings		51,198			611	4.73	%		18,172			229	5.00	%
Long-term debt		56,600			689	4.83	%		50,000			334	2.65	%
Junior subordinated debt		69,589			1,223	6.97	%		38,913			587	5.98	%
Total interest-bearing liabilities		1,412,574			17,251	4.85	%		895,004			10,581	4.69	%
Non-interest bearing Liabilities
Non-interest bearing demand deposits		165,825							175,288
Other liabilities		16,607							8,317
Stockholders’ equity		156,706							103,265
Total liabilities and stockholders’ equity	$	1,751,712						$	1,181,874
Net interest rate spread (3)						4.47	%						5.09	%
Net interest income/net interest margin (4)				$	21,986	5.22	%				$	16,760	5.99	%
Total interest-earning assets to interest-bearing liabilities		118.29	%						123.96	%

(1) Net loan fees of $3.7 million and $2.2 million are included in the yield computation for the three months ended 2007 and 2006 respectively.

(2) Non-accrual loans have been included in average loan balances.

(3) Net interest spread represents average yield earned on interest-earning assets less the average rate paid on interest bearing liabilities.

(4) Net interest margin is computed by dividing net interest income by total average earning assets.

(5) Annualized.

Silver State Bancorp and Subsidiaries

Average Balance Sheet Data

(Dollars in thousands)

(UNAUDITED)

	Twelve Months Ended December 31,
	2007							2006
	Average Balance			Interest		Average Yield/Cost (5)		Average Balance			Interest		Average Yield/Cost (5)
	(Dollars in thousands)
Interest-earning Assets
Investment Securities-taxable	$	63,344		$	3,095	4.89	%	$	76,505		$	3,034	3.97	%
Federal funds sold and other		19,139			948	4.95	%		26,993			1,349	5.00	%
Loans (1) (2)		1,357,753			137,519	10.13	%		821,733			85,378	10.39	%
FHLB stock		4,483			212	4.73	%		3,019			145	4.80	%
Total earning assets		1,444,719			141,774	9.81	%		928,250			89,906	9.69	%
Non-interest earning Assets
Cash and due from banks		17,963							17,056
Allowance for loan losses		(14,470	)						(9,569	)
Other assets		73,124							44,550
Total assets	$	1,521,336						$	980,287
Interest-bearing Liabilities
Sources of Funds
Interest-bearing deposits:
Interest checking	$	14,907		$	163	1.09	%	$	18,658		$	173	0.93	%
Savings and money market		518,251			23,553	4.54	%		350,549			15,197	4.34	%
Time deposits		538,131			28,656	5.33	%		257,414			12,599	4.89	%
Total interest-bearing deposits		1,071,289			52,372	4.89	%		626,621			27,969	4.46	%
Short-term borrowings		32,078			1,719	5.36	%		19,392			898	4.63	%
Long-term debt		54,800			2,584	4.72	%		47,175			1,813	3.84	%
Junior subordinated debt		52,303			3,669	7.01	%		25,393			1,876	7.39	%
Total interest-bearing liabilities		1,210,470			60,344	4.99	%		718,581			32,556	4.53	%
Non-interest bearing Liabilities
Non-interest bearing demand deposits		166,447							168,860
Other liabilities		12,615							4,830
Stockholders’ equity		131,804							88,016
Total liabilities and stockholders’ equity	$	1,521,336						$	980,287
Net interest rate spread (3)						4.82	%						5.16	%
Net interest income/net interest margin (4)				$	81,430	5.64	%				$	57,350	6.18	%
Total interest-earning assets to interest-bearing liabilities		119.35	%						129.18	%

(1) Net loan fees of $13.5 million and $8.7 million are included in the yield computation for the twelve months ended 2007 and 2006 respectively.

(2) Non-accrual loans have been included in average loan balances.

(3) Net interest spread represents average yield earned on interest-earning assets less the average rate paid on interest bearing liabilities.

(4) Net interest margin is computed by dividing net interest income by total average earning assets.

(5) Annualized.

Contacts

Investors:

Corey L. Johnson

Silver State Bancorp

170 South Green Valley Parkway

Henderson, NV 89012

(702) 433-8300

or

Michael J. Threet

Silver State Bancorp

170 South Green Valley Parkway

Henderson, NV 89012

(702) 433-8300

Media:

Steve Stern

Stern And Company

(702) 240-9533

steve@sdsternpr.com