SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                ----------------

                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): October 22, 2003
                                ----------------


                         CALIFORNIA INDEPENDENT BANCORP
               (Exact Name of Registrant as Specified in Charter)

          California                   0-26552                  68-0349947
 (State or Other Jurisdiction        (Commission              (IRS Employer
       of Incorporation)             File Number)           Identification No.)

              1227 Bridge St., Suite C                        95991
                   Yuba City, CA                            (Zip Code)
      (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (530) 674-6000

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>


Item 7. Financial Statements and Exhibits.

        Exhibit No.             Exhibit Description
        -----------             -------------------

         99.1                   Press release announcing third quarter results


Item 12. Results of Operations and Financial Condition.

     The  purpose  of this  current  report  on  Form  8-K is to  disclose  that
California  Independent  Bancorp  issued a press  release  on October  22,  2003
announcing  its  unaudited  financial  results for the  nine-month  period ended
September 30, 2003.




<PAGE>


                                           SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                     CALIFORNIA INDEPENDENT BANCORP

Date: October 22, 2003               By:    /s/ Kevin R. Watson
                                            ------------------------------------
                                     Name:         Kevin R. Watson
                                     Title: Chief Financial Officer/Corporate
                                            Secretary (Principal Financial and
                                                   Accounting Officer)



<PAGE>
October 22, 2003

FOR IMMEDIATE RELEASE                  Contact:  John I. Jelavich, President/CEO
                                                 (530) 674-6025

                    CALIFORNIA INDEPENDENT BANCORP ANNOUNCES
                     THIRD QUARTER AND YEAR TO DATE RESULTS

Yuba City, California . . . California  Independent Bancorp (NASDAQ:  CIBN), the
holding company for Feather River State Bank, today announced  financial results
for the third quarter ended  September 30, 2003.  Net income for the quarter was
$770,000  (after costs of its pending  merger into  Humboldt  Bancorp  discussed
below),  or $0.35  diluted  earnings per share  compared to  $981,000,  or $0.44
diluted  earnings  per share,  recorded for the third  quarter last year.  Total
assets at September 30, 2003 were $375.9 million,  an increase of $37.2 million,
or 11.0%, over total assets of $338.7 million at September 30, 2002.

On August 11, 2003, the Company entered into a definitive agreement to be merged
with and into Humboldt Bancorp. The transaction is valued at approximately $80.0
million and is expected to close in the first  quarter of 2004.  Costs  expensed
for this transaction during the third quarter were $378,000, on a pre-tax basis.

For the nine months ended September 30, 2003, the Company reported net income of
$2,694,000  (after merger  costs),  an increase of $155,000,  or 6.1%,  over net
income of  $2,539,000,  for the nine months  ended  September  30,  2002.  Fully
diluted  earnings per share  increased  7.9% to $1.23 for 2003 compared to $1.14
for 2002, due to the Company's repurchase of shares outstanding.

Total loans and leases at September 30, 2003 were $204.4 million,  a decrease of
$17.8 million, or 8.0%, from loans and leases of $222.2 million at September 30,
2002.  The decrease in loan totals is due primarily to the  pre-payment of loans
due to the unprecedented low rate environment, and the Bank's emphasis on credit
quality with high  underwriting  standards.  Securities  increased $28.3 million
from a year ago and Fed Funds Sold increased $17.5 million.  The increase is due
to the  availability of excess funds from strong deposit growth.  Total deposits
were $316.6  million at September  30, 2003,  an increase of $34.5  million,  or
12.3%,   from  total   deposits  of  $282.0   million  at  September  30,  2002.
Nonperforming  loans  were 1.4% of total  loans and leases  outstanding  and net
charge-offs year-to-date were 0.37% of average loans and leases outstanding. The
allowance  for loan and lease losses was  $5,975,000  at September  30, 2003, or
2.9% of total loans and leases outstanding.

Net  interest  income for the third  quarter 2003 fell 8.8% to  $3,567,000  from
$3,911,000  recorded in the third  quarter  last year.  The drop in net interest
income was due to compression of the Bank's net interest margin, which was 4.18%
for the current  year's third quarter  compared to 5.07% for the third quarter a
year ago. "Our net interest margin continues to be well below historical levels,
which is driven by our asset  composition.  Our deposit  growth has been used to
fund investment  purchases rather than traditional loans. The difference between
the yields of these two  earning  assets is  placing  downward  pressure  on our
margin.  However,  our cost of funds  continues to fall lower helping soften the
impact of the lower  asset  yields,"  remarked  Kevin  Watson,  Chief  Financial
Officer.

John  Jelavich,  President and CEO  commented,  "We are pleased with the results
from the third quarter,  particularly  considering  the merger  announcement  of
August 11th.  Deposits and total assets reached  record  levels,  each achieving
double-digit gains on a year-over-year comparison. We look forward to continuing
our  quality-growth  focus  during the fourth  quarter  in  anticipation  of the
consummation  of the merger.  We believe the  synergies the merger will bring to
our customers, shareholders, and employees will prove to be very positive."

Feather  River State Bank has nine  branches in Yuba City,  Marysville,  Colusa,
Arbuckle,  Wheatland,  Woodland,  Lincoln,  and  Roseville,  California  serving
Sutter, Yuba, Colusa, Yolo, and Placer counties.

Forward-looking  statements - The Private  Securities  Litigation  Reform Act of
1995:

Certain statements contained in this release are forward-looking statements that
are  subject to risk and  uncertainty.  Statements  that are not  historical  or

                                   Page 1 of 4
<PAGE>
current  facts,  including  statements  about  beliefs  and  expectations,   are
forward-looking  statements.  A number of  factors  -- many of which are  beyond
California  Independent  Bancorp's  ("Company")  control -- could  cause  actual
conditions,  events or results to differ  significantly  from those described in
the  forward-looking  statements.  No assurances can be given that the Bank will
continue to improve its efficiencies of operations.  The Company's reports filed
with the  Securities  and Exchange  Commission,  including the Company's  Annual
Report on Form 10-K for the year ended  December 31, 2002, and Form 10-Q for the
quarter ended June 30, 2003,  describe some of these factors,  including certain
credit, market, operational,  liquidity, and interest rate risks associated with
the Company's business and operations.  Other factors described in the Company's
Annual Report on Form 10-K for the year ended  December 31, 2002,  and Form 10-Q
for the quarter  ended June 30, 2003,  include  changes in business and economic
conditions,  competition,  fiscal and monetary policies, and legislation.  There
are other factors  besides these that could cause actual  conditions,  events or
results to differ  significantly  from those  described  in the  forward-looking
statements or otherwise affect in the future the Company's business,  results of
operations and financial condition.  Forward-looking statements speak only as of
the date they are made, and the Company  undertakes no obligation to update such
statements in light of new information or future events.

The  foregoing  may  be  deemed  to  be  solicitation  materials  of  California
Independent  Bancorp in connection with Humboldt Bancorp's proposed  acquisition
of California Independent Bancorp, on the terms and subject to the conditions in
the  Agreement  and Plan of Merger,  dated  August 11,  2003,  between  Humboldt
Bancorp and California  Independent  Bancorp.  This  disclosure is being made in
connection  with  Regulation  of Takeovers  and Security  Holder  Communications
(Release  Nos.  33-7760 and  34-42055)  adopted by the  Securities  and Exchange
Commission  ("SEC").  California  Independent  Bancorp  shareholders  and  other
investors  are  urged  to read  the  joint  proxy  statement/prospectus  that is
included in the registration statement on Form S-4, which Humboldt Bancorp filed
(SEC File No.  333-109095)  with the SEC in connection with the proposed merger,
because it contains  important  information about Humboldt  Bancorp,  California
Independent  Bancorp,  the merger and related matters.  Humboldt Bancorp and its
directors  and executive  officers and  California  Independent  Bancorp and its
directors and executive  officers may be deemed to be  participants  in Humboldt
Bancorp's and  California  Independent  Bancorp's  solicitation  of proxies from
Humboldt Bancorp shareholders and California  Independent Bancorp's shareholders
in connection with the proposed merger.  Information  regarding the participants
and  their  interests  can  be  found  in  each  of  Humboldt's  and  California
Independent's  most  recent  proxy  statements  filed  with the SEC,  which  are
available from the SEC and the respective  companies as described below, and the
joint  proxy   statement/prospectus   filed  with  the  SEC.   The  joint  proxy
statement/prospectus  to be  disseminated on or before October 24, 2003, will be
available  for  free,  both on the SEC web  site  (http://www.sec.gov)  and from
Humboldt and California Independent as follows:

                          Patrick J. Rusnak
                          Chief Financial Officer
                          Humboldt Bancorp
                          2998 Douglas Boulevard, Suite 330
                          Roseville, CA  95661
                          prusnak@humboldtbancorp.com
                          ---------------------------

                          Kevin R. Watson
                          Chief Financial Officer
                          California Independent Bancorp
                          1227 Bridge Street, Suite C
                          Yuba City, CA 95991
                          kevinw@frsb.com
                          ---------------

In   addition  to  the   proposed   registration   statement   and  joint  proxy
statement/prospectus, Humboldt and California Independent file annual, quarterly
and special reports,  proxy  statements and other  information with the SEC. You
may read and copy any reports,  statements or other  information filed by either
company  at the  SEC's  public  reference  rooms  at  450  Fifth  Street,  N.W.,
Washington,  D.C. 20549 or at the SEC's other public reference rooms in New York
and Chicago.  Please call the SEC at 1-800-SEC-0330  for further  information on
the public reference rooms. Humboldt and California Independent filings with the
SEC are also available to the public from commercial document-retrieval services
and on the SEC's web site at http://www.sec.gov.

                                   Page 2 of 4
<PAGE>


                 California Independent Bancorp and Subsidiaries
                             Selected Financial Data
                                    Unaudited
                       Third Quarter 2003 Earnings Release
                  (Dollars in thousands except per share data)
<TABLE>
<CAPTION>
<S>                                                                       <C>                      <C>

Consolidated Statement of Financial Condition Data:
                                                                         As of                    As of
Assets                                                             September 30, 2003        September 30, 2002
                                                                   --------------------------------------------

       Cash and Due From Banks                                           $16,780                  $13,850
       Federal Funds Sold                                                 17,515                        -

       Investment Securities Held-to-Maturity                              2,440                    2,335
       Investment Securities Available-for-Sale                          116,880                   88,697
       ---------------------------------------------------------------------------------------------------------
       Total Investments                                                 119,320                   91,032

       Loans and Leases                                                  204,391                  222,214
           Less: Allowance for Loan and Lease Losses                      (5,975)                  (5,913)
       ---------------------------------------------------------------------------------------------------------
       Net Loans and Leases                                              198,416                  216,301

       Premises and Equipment, Net                                         6,381                    6,717
       Other Real Estate                                                   2,875                      455
       Interest Receivable and Other Assets                               14,614                   10,350
       ---------------------------------------------------------------------------------------------------------
       Total Assets                                                     $375,901                 $338,705


Liabilities
       Deposits:
         Noninterest-Bearing                                             $75,164                  $58,491
         Interest-Bearing                                                241,411                  223,539
       ---------------------------------------------------------------------------------------------------------
       Total Deposits                                                    316,575                  282,030

       Other Interest-Bearing Liabilities                                 15,080                   21,880
       Accrued Interest Payable & Other Liabilities                        6,589                    5,124
       Trust Preferred Securities                                         10,000                        -
       ---------------------------------------------------------------------------------------------------------
       Total Liabilities                                                 348,244                  309,034

Shareholders' Equity
       Common Stock, No Par Value - Share Authorized -
       20,000,000, Shares Issued and Outstanding - 2,074,957 at
       September 30, 2003 and 2,227,756 at September 30, 2002.            20,348                   24,484
       Retained Earnings                                                   7,489                    4,220
       Debt Guarantee of ESOP                                                (80)                    (120)
       Accumulated Other Comprehensive Income                               (100)                   1,087
       ---------------------------------------------------------------------------------------------------------
       Total Shareholders' Equity                                         27,657                   29,671
       ---------------------------------------------------------------------------------------------------------

       Total Liabilities & Shareholders' Equity                         $375,901                 $338,705
</TABLE>

                                  Page 3 of 4
<PAGE>

                 California Independent Bancorp and Subsidiaries
                             Selected Financial Data
                                    Unaudited
                       Third Quarter 2003 Earnings Release
                  (Dollars in thousands except per share data)
<TABLE>
<CAPTION>
<S>                                                                      <C>            <C>             <C>               <C>

                                                                Nine months ended September 30,     Three months ended September 30,
                                                                -------------------------------     --------------------------------
                                                                       2003             2002           2003              2002
CONSOLIDATED STATEMENT OF INCOME DATA:

  Interest and Fee Income                                              $15,226         $15,249         $4,876           $5,301
  Interest Expense                                                       4,072           3,728          1,309            1,390
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Interest Income                                                   11,154          11,521          3,567            3,911

  Provision for Loan and Lease Losses                                       10             450              -              150
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Interest Income After Provision for Loan and Lease Losses         11,144          11,071          3,567            3,761

  Noninterest Income                                                     2,335           1,963            919              744
  Noninterest Expense:
    Salaries and Employee Benefits                                       5,065           5,091          1,672            1,639
    Occupancy, Furniture and Equipment                                   1,627           1,587            566              543
    Merger and Acquisition Related Expenses                                378               -            378                -
    Other Operating Expense                                              2,273           2,325            715              749
  ----------------------------------------------------------------------------------------------------------------------------------
  Total Noninterest Expense                                              9,343           9,003          3,331            2,931

  Income Before Provision for Income Taxes                               4,136           4,031          1,155            1,574
  Provision for Income Taxes                                             1,442           1,492            385              593
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Income                                                             2,694           2,539            770              981

EARNINGS PER SHARE
  Basic Earnings Per Share                                          $     1.28      $     1.14     $     0.37       $     0.44
  Diluted Earnings Per Share                                        $     1.23      $     1.14     $     0.35       $     0.44
  Basic Weighted Average Shares Outstanding                          2,110,896       2,223,610      2,074,269        2,225,069
  Diluted Weighted Average Shares Outstanding                        2,197,898       2,235,551      2,178,510        2,239,169


  Net Interest Margin                                                    4.41%           5.20%          4.18%            5.07%

</TABLE>
                                  Page 4 of 4
[{"type": "8-K", "sequence": "1", "filename": "form8kfor102203.txt", "secsgml_size_bytes": 20606}]
{"company-data": {"conformed-name": "CALIFORNIA INDEPENDENT BANCORP", "cik": "0000948976", "assigned-sic": "6022", "irs-number": "680349947", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26552", "film-number": "03953885"}, "business-address": {"street1": "1227 BRIDGE STREET", "street2": "SUITE C", "city": "YUBA CITY", "state": "CA", "zip": "95992", "phone": "9166744444"}, "mail-address": {"street1": "P O BOX 929002", "street2": "1227 BRIDGE STREET SUITE C", "city": "YUBA CITY", "state": "CA", "zip": "95992"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                ----------------

                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): October 22, 2003
                                ----------------

                         CALIFORNIA INDEPENDENT BANCORP
               (Exact Name of Registrant as Specified in Charter)

          California                   0-26552                  68-0349947
 (State or Other Jurisdiction        (Commission              (IRS Employer
       of Incorporation)             File Number)           Identification No.)

              1227 Bridge St., Suite C                        95991
                   Yuba City, CA                            (Zip Code)
      (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (530) 674-6000

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements and Exhibits.

        Exhibit No.             Exhibit Description
        -----------             -------------------

         99.1                   Press release announcing third quarter results

Item 12. Results of Operations and Financial Condition.

     The  purpose  of this  current  report  on  Form  8-K is to  disclose  that
California  Independent  Bancorp  issued a press  release  on October  22,  2003
announcing  its  unaudited  financial  results for the  nine-month  period ended
September 30, 2003.
SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                     CALIFORNIA INDEPENDENT BANCORP

Date: October 22, 2003               By:    /s/ Kevin R. Watson
                                            ------------------------------------
                                     Name:         Kevin R. Watson
                                     Title: Chief Financial Officer/Corporate
                                            Secretary (Principal Financial and
                                                   Accounting Officer)
October 22, 2003

FOR IMMEDIATE RELEASE                  Contact:  John I. Jelavich, President/CEO
                                                 (530) 674-6025

                    CALIFORNIA INDEPENDENT BANCORP ANNOUNCES
                     THIRD QUARTER AND YEAR TO DATE RESULTS

Yuba City, California . . . California  Independent Bancorp (NASDAQ:  CIBN), the
holding company for Feather River State Bank, today announced  financial results
for the third quarter ended  September 30, 2003.  Net income for the quarter was
$770,000  (after costs of its pending  merger into  Humboldt  Bancorp  discussed
below),  or $0.35  diluted  earnings per share  compared to  $981,000,  or $0.44
diluted  earnings  per share,  recorded for the third  quarter last year.  Total
assets at September 30, 2003 were $375.9 million,  an increase of $37.2 million,
or 11.0%, over total assets of $338.7 million at September 30, 2002.

On August 11, 2003, the Company entered into a definitive agreement to be merged
with and into Humboldt Bancorp. The transaction is valued at approximately $80.0
million and is expected to close in the first  quarter of 2004.  Costs  expensed
for this transaction during the third quarter were $378,000, on a pre-tax basis.

For the nine months ended September 30, 2003, the Company reported net income of
$2,694,000  (after merger  costs),  an increase of $155,000,  or 6.1%,  over net
income of  $2,539,000,  for the nine months  ended  September  30,  2002.  Fully
diluted  earnings per share  increased  7.9% to $1.23 for 2003 compared to $1.14
for 2002, due to the Company's repurchase of shares outstanding.

Total loans and leases at September 30, 2003 were $204.4 million,  a decrease of
$17.8 million, or 8.0%, from loans and leases of $222.2 million at September 30,
2002.  The decrease in loan totals is due primarily to the  pre-payment of loans
due to the unprecedented low rate environment, and the Bank's emphasis on credit
quality with high  underwriting  standards.  Securities  increased $28.3 million
from a year ago and Fed Funds Sold increased $17.5 million.  The increase is due
to the  availability of excess funds from strong deposit growth.  Total deposits
were $316.6  million at September  30, 2003,  an increase of $34.5  million,  or
12.3%,   from  total   deposits  of  $282.0   million  at  September  30,  2002.
Nonperforming  loans  were 1.4% of total  loans and leases  outstanding  and net
charge-offs year-to-date were 0.37% of average loans and leases outstanding. The
allowance  for loan and lease losses was  $5,975,000  at September  30, 2003, or
2.9% of total loans and leases outstanding.

Net  interest  income for the third  quarter 2003 fell 8.8% to  $3,567,000  from
$3,911,000  recorded in the third  quarter  last year.  The drop in net interest
income was due to compression of the Bank's net interest margin, which was 4.18%
for the current  year's third quarter  compared to 5.07% for the third quarter a
year ago. "Our net interest margin continues to be well below historical levels,
which is driven by our asset  composition.  Our deposit  growth has been used to
fund investment  purchases rather than traditional loans. The difference between
the yields of these two  earning  assets is  placing  downward  pressure  on our
margin.  However,  our cost of funds  continues to fall lower helping soften the
impact of the lower  asset  yields,"  remarked  Kevin  Watson,  Chief  Financial
Officer.

John  Jelavich,  President and CEO  commented,  "We are pleased with the results
from the third quarter,  particularly  considering  the merger  announcement  of
August 11th.  Deposits and total assets reached  record  levels,  each achieving
double-digit gains on a year-over-year comparison. We look forward to continuing
our  quality-growth  focus  during the fourth  quarter  in  anticipation  of the
consummation  of the merger.  We believe the  synergies the merger will bring to
our customers, shareholders, and employees will prove to be very positive."

Feather  River State Bank has nine  branches in Yuba City,  Marysville,  Colusa,
Arbuckle,  Wheatland,  Woodland,  Lincoln,  and  Roseville,  California  serving
Sutter, Yuba, Colusa, Yolo, and Placer counties.

Forward-looking  statements - The Private  Securities  Litigation  Reform Act of
1995:

Certain statements contained in this release are forward-looking statements that
are  subject to risk and  uncertainty.  Statements  that are not  historical  or

                                   Page 1 of 4
current  facts,  including  statements  about  beliefs  and  expectations,   are
forward-looking  statements.  A number of  factors  -- many of which are  beyond
California  Independent  Bancorp's  ("Company")  control -- could  cause  actual
conditions,  events or results to differ  significantly  from those described in
the  forward-looking  statements.  No assurances can be given that the Bank will
continue to improve its efficiencies of operations.  The Company's reports filed
with the  Securities  and Exchange  Commission,  including the Company's  Annual
Report on Form 10-K for the year ended  December 31, 2002, and Form 10-Q for the
quarter ended June 30, 2003,  describe some of these factors,  including certain
credit, market, operational,  liquidity, and interest rate risks associated with
the Company's business and operations.  Other factors described in the Company's
Annual Report on Form 10-K for the year ended  December 31, 2002,  and Form 10-Q
for the quarter  ended June 30, 2003,  include  changes in business and economic
conditions,  competition,  fiscal and monetary policies, and legislation.  There
are other factors  besides these that could cause actual  conditions,  events or
results to differ  significantly  from those  described  in the  forward-looking
statements or otherwise affect in the future the Company's business,  results of
operations and financial condition.  Forward-looking statements speak only as of
the date they are made, and the Company  undertakes no obligation to update such
statements in light of new information or future events.

The  foregoing  may  be  deemed  to  be  solicitation  materials  of  California
Independent  Bancorp in connection with Humboldt Bancorp's proposed  acquisition
of California Independent Bancorp, on the terms and subject to the conditions in
the  Agreement  and Plan of Merger,  dated  August 11,  2003,  between  Humboldt
Bancorp and California  Independent  Bancorp.  This  disclosure is being made in
connection  with  Regulation  of Takeovers  and Security  Holder  Communications
(Release  Nos.  33-7760 and  34-42055)  adopted by the  Securities  and Exchange
Commission  ("SEC").  California  Independent  Bancorp  shareholders  and  other
investors  are  urged  to read  the  joint  proxy  statement/prospectus  that is
included in the registration statement on Form S-4, which Humboldt Bancorp filed
(SEC File No.  333-109095)  with the SEC in connection with the proposed merger,
because it contains  important  information about Humboldt  Bancorp,  California
Independent  Bancorp,  the merger and related matters.  Humboldt Bancorp and its
directors  and executive  officers and  California  Independent  Bancorp and its
directors and executive  officers may be deemed to be  participants  in Humboldt
Bancorp's and  California  Independent  Bancorp's  solicitation  of proxies from
Humboldt Bancorp shareholders and California  Independent Bancorp's shareholders
in connection with the proposed merger.  Information  regarding the participants
and  their  interests  can  be  found  in  each  of  Humboldt's  and  California
Independent's  most  recent  proxy  statements  filed  with the SEC,  which  are
available from the SEC and the respective  companies as described below, and the
joint  proxy   statement/prospectus   filed  with  the  SEC.   The  joint  proxy
statement/prospectus  to be  disseminated on or before October 24, 2003, will be
available  for  free,  both on the SEC web  site  (http://www.sec.gov)  and from
Humboldt and California Independent as follows:

                          Patrick J. Rusnak
                          Chief Financial Officer
                          Humboldt Bancorp
                          2998 Douglas Boulevard, Suite 330
                          Roseville, CA  95661
                          prusnak@humboldtbancorp.com
                          ---------------------------

                          Kevin R. Watson
                          Chief Financial Officer
                          California Independent Bancorp
                          1227 Bridge Street, Suite C
                          Yuba City, CA 95991
                          kevinw@frsb.com
                          ---------------

In   addition  to  the   proposed   registration   statement   and  joint  proxy
statement/prospectus, Humboldt and California Independent file annual, quarterly
and special reports,  proxy  statements and other  information with the SEC. You
may read and copy any reports,  statements or other  information filed by either
company  at the  SEC's  public  reference  rooms  at  450  Fifth  Street,  N.W.,
Washington,  D.C. 20549 or at the SEC's other public reference rooms in New York
and Chicago.  Please call the SEC at 1-800-SEC-0330  for further  information on
the public reference rooms. Humboldt and California Independent filings with the
SEC are also available to the public from commercial document-retrieval services
and on the SEC's web site at http://www.sec.gov.

                                   Page 2 of 4
California Independent Bancorp and Subsidiaries
                             Selected Financial Data
                                    Unaudited
                       Third Quarter 2003 Earnings Release
                  (Dollars in thousands except per share data)
Consolidated Statement of Financial Condition Data:
                                                                         As of                    As of
Assets                                                             September 30, 2003        September 30, 2002
                                                                   --------------------------------------------

       Cash and Due From Banks                                           $16,780                  $13,850
       Federal Funds Sold                                                 17,515                        -

       Investment Securities Held-to-Maturity                              2,440                    2,335
       Investment Securities Available-for-Sale                          116,880                   88,697
       ---------------------------------------------------------------------------------------------------------
       Total Investments                                                 119,320                   91,032

       Loans and Leases                                                  204,391                  222,214
           Less: Allowance for Loan and Lease Losses                      (5,975)                  (5,913)
       ---------------------------------------------------------------------------------------------------------
       Net Loans and Leases                                              198,416                  216,301

       Premises and Equipment, Net                                         6,381                    6,717
       Other Real Estate                                                   2,875                      455
       Interest Receivable and Other Assets                               14,614                   10,350
       ---------------------------------------------------------------------------------------------------------
       Total Assets                                                     $375,901                 $338,705

Liabilities
       Deposits:
         Noninterest-Bearing                                             $75,164                  $58,491
         Interest-Bearing                                                241,411                  223,539
       ---------------------------------------------------------------------------------------------------------
       Total Deposits                                                    316,575                  282,030

       Other Interest-Bearing Liabilities                                 15,080                   21,880
       Accrued Interest Payable & Other Liabilities                        6,589                    5,124
       Trust Preferred Securities                                         10,000                        -
       ---------------------------------------------------------------------------------------------------------
       Total Liabilities                                                 348,244                  309,034

Shareholders' Equity
       Common Stock, No Par Value - Share Authorized -
       20,000,000, Shares Issued and Outstanding - 2,074,957 at
       September 30, 2003 and 2,227,756 at September 30, 2002.            20,348                   24,484
       Retained Earnings                                                   7,489                    4,220
       Debt Guarantee of ESOP                                                (80)                    (120)
       Accumulated Other Comprehensive Income                               (100)                   1,087
       ---------------------------------------------------------------------------------------------------------
       Total Shareholders' Equity                                         27,657                   29,671
       ---------------------------------------------------------------------------------------------------------

       Total Liabilities & Shareholders' Equity                         $375,901                 $338,705
Page 3 of 4
California Independent Bancorp and Subsidiaries
                             Selected Financial Data
                                    Unaudited
                       Third Quarter 2003 Earnings Release
                  (Dollars in thousands except per share data)
Nine months ended September 30,     Three months ended September 30,
                                                                -------------------------------     --------------------------------
                                                                       2003             2002           2003              2002
CONSOLIDATED STATEMENT OF INCOME DATA:

  Interest and Fee Income                                              $15,226         $15,249         $4,876           $5,301
  Interest Expense                                                       4,072           3,728          1,309            1,390
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Interest Income                                                   11,154          11,521          3,567            3,911

  Provision for Loan and Lease Losses                                       10             450              -              150
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Interest Income After Provision for Loan and Lease Losses         11,144          11,071          3,567            3,761

  Noninterest Income                                                     2,335           1,963            919              744
  Noninterest Expense:
    Salaries and Employee Benefits                                       5,065           5,091          1,672            1,639
    Occupancy, Furniture and Equipment                                   1,627           1,587            566              543
    Merger and Acquisition Related Expenses                                378               -            378                -
    Other Operating Expense                                              2,273           2,325            715              749
  ----------------------------------------------------------------------------------------------------------------------------------
  Total Noninterest Expense                                              9,343           9,003          3,331            2,931

  Income Before Provision for Income Taxes                               4,136           4,031          1,155            1,574
  Provision for Income Taxes                                             1,442           1,492            385              593
  ----------------------------------------------------------------------------------------------------------------------------------
  Net Income                                                             2,694           2,539            770              981

EARNINGS PER SHARE
  Basic Earnings Per Share                                          $     1.28      $     1.14     $     0.37       $     0.44
  Diluted Earnings Per Share                                        $     1.23      $     1.14     $     0.35       $     0.44
  Basic Weighted Average Shares Outstanding                          2,110,896       2,223,610      2,074,269        2,225,069
  Diluted Weighted Average Shares Outstanding                        2,197,898       2,235,551      2,178,510        2,239,169

  Net Interest Margin                                                    4.41%           5.20%          4.18%            5.07%
Page 4 of 4