 SAN JOSE, Calif., July 22, 2021 GLOBE NEWSWIRE -- Heritage Commerce Corp Nasdaq: HTBK, the holding company the Company for Heritage Bank of Commerce the Bank, today announced second quarter 2021 net income of 8.8 million, or 0.15 per average diluted common share, compared to 10.6 million, or 0.18 per average diluted common share, for the second quarter of 2020, and 11.2 million, or 0.19 per average diluted common share, for the first quarter of 2021. For the six months ended June 30, 2021, net income was 20.0 million, or 0.33 per average diluted common share, compared to 12.5 million, or 0.21 per average diluted common share, for the six months ended June 30, 2020. Earnings for the second quarter and first six months of 2021 included a 4.0 million reserve for a legal settlement as noninterest expense, which was previously disclosed in the Companys Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2021. Earnings for the first six months of 2020 were impacted by the effect of 14.4 million in pre-tax current expected credit losses CECL related provision for credit losses on loans, driven by forecasted effects on economic activity from the Coronavirus pandemic and 2.5 million of pre-tax merger-related costs in the first six months of 2020. All results are unaudited. 