SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]       QUARTERLY  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
          EXCHANGE ACT OF 1934 FOR the quarter ended September 30, 2000

Commission File No.  333-93365

                                NORTH BAY BANCORP
                                -----------------
                 (Name of Small Business Issuer in its Charter)


          California                                   68-0434802
          ----------                                   ----------
(State or Jurisdiction of incorporation)    (I.R.S. Employer Identification No.)


                 1500 Soscol Avenue, Napa, California 94559-1314
                 -----------------------------------------------
                (Address of principal office including Zip Code)


Issuer's telephone number, including area code: (707) 257-8585

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act:


                           Common Stock, No Par Value
                           --------------------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.

                   Yes   X                   No
                      -------                  -------

                      APPLICABLE ONLY TO CORPORATE ISSUERS:


State the number of shares of the North Bay Bancorp's  Common Stock  outstanding
as of November 9, 2000: 1,848,403


                  TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT
                                  (Check one):

                   Yes                       No   X
                      -------                  -------


<PAGE>


                                     Item 1.

                              Financial Information

FORWARD LOOKING STATEMENTS

In addition to the  historical  information  contained  herein,  this  Quarterly
Report contains certain forward-looking statements. The reader of this Quarterly
Report should understand that all such forward-looking statements are subject to
various  uncertainties and risks that could affect their outcome.  The Company's
actual   results  could  differ   materially   from  those   suggested  by  such
forward-looking  statements.  Factors  that could  cause or  contribute  to such
differences  include,  but are not limited to,  variances  in the actual  versus
projected  growth in assets,  return on assets,  loan  losses,  expenses,  rates
charged on loans and earned on securities  investments,  rates paid on deposits,
competition  effects,  fee and other noninterest  income earned as well as other
factors. This entire Quarterly Report should be read to put such forward-looking
statements  in  context  and  to  gain  a  more  complete  understanding  of the
uncertainties and risks involved in the Company's business.

Moreover,  wherever phrases such as or similar to "In Management's  opinion", or
"Management  considers" are used,  such  statements are as of and based upon the
knowledge  of  Management,  at the time  made and are  subject  to change by the
passage of time and/or  subsequent  events,  and accordingly such statements are
subject  to the same  risks  and  uncertainties  noted  above  with  respect  to
forward-looking statements.

FINANCIAL INFORMATION

The  information  for the three months and nine months ended  September 30, 2000
and September 30, 1999, is unaudited,  but in the opinion of management reflects
all adjustments which are necessary to present fairly the financial condition of
North Bay Bancorp  (Company) at September 30, 2000 and the results of operations
and cash flows for the three  months and nine  months  then  ended.  Results for
interim  periods  should not be  considered  as indicative of results for a full
year.


                                       2
<PAGE>

<TABLE>
<CAPTION>
                                                                       North Bay Bancorp
                                                                   Consolidated Balance Sheets
                                                                         (Unaudited)

                                                           September 30,    September 30,    December 31,
Assets:                                                        2000             1999             1999
                                                          -------------    -------------    -------------
<S>                                                       <C>              <C>              <C>
Cash and due from banks                                   $  11,708,000    $   8,418,000    $   8,466,000
Federal funds sold                                            7,730,000        5,000,000        1,500,000
Time deposits with other financial institutions                 100,000          100,000          100,000
                                                          -------------    -------------    -------------
                   Total cash and cash equivalents           19,538,000       13,518,000       10,066,000
Investment securities:
   Held-to-maturity                                           1,353,000        1,390,000        1,390,000
   Available-for-sale                                        49,420,000       57,950,000       55,264,000
Loans, net of allowance for loan losses of $2,168,000
   in September, 2000 $1,940,000 in September, 1999
   and $1,987,000 in December, 1999                         147,503,000      115,285,000      120,166,000
Bank premises and equipment, net                              5,175,000        2,813,000        2,883,000
Accrued interest receivable and other assets                  6,928,000        6,699,000        7,337,000
                                                          -------------    -------------    -------------

                            Total assets                  $ 229,917,000    $ 197,655,000    $ 197,106,000
                                                          =============    =============    =============

Liabilities and Shareholders' Equity
Liabilities:

Deposits:
   Non-interest bearing                                   $  50,055,000    $  39,971,000    $  38,337,000
   Interest bearing                                         149,515,000      133,624,000      134,043,000
                                                          -------------    -------------    -------------
                           Total deposits                   199,570,000      173,595,000      172,380,000


Long term debt                                                3,000,000                0                0
Short term borrowings                                                 0        5,000,000        5,000,000
                                                          -------------    -------------    -------------
                          Total borrowings                    3,000,000        5,000,000        5,000,000

Accrued interest payable and other liabilities                2,025,000        1,274,000        1,636,000
                                                          -------------    -------------    -------------

                          Total liabilities                 204,595,000      179,869,000      179,016,000
                                                          -------------    -------------    -------------

Shareholders' equity:

Preferred stock - no par value:
Authorized, 500,000 shares;
Issued and outstanding - none
Common stock - no par value:
Authorized, 10,000,000 shares;
Issued and outstanding - 1,848,403 shares in
   September 2000, 1,533,922 shares in September, 1999,
   and 1,536,568 in December, 1999                           19,761,000       12,294,000       12,893,000


Retained earnings                                             6,190,000        6,171,000        6,368,000
Accumulated other comprehensive loss                           (629,000)        (679,000)      (1,171,000)
                                                          -------------    -------------    -------------
                     Total shareholders' equity              25,322,000       17,786,000       18,090,000

             Total liabilities and shareholders' equity   $ 229,917,000    $ 197,655,000    $ 197,106,000
                                                          =============    =============    =============
<FN>
The accompanying notes are an integral part of these statements
</FN>
</TABLE>


                                       3
<PAGE>

<TABLE>
                                                          North Bay Bancorp
                                                   Consolidated Income Statements
                                                             (Unaudited)
<CAPTION>


                                                Three Months Ended                Nine Months Ended
                                          September 30,    September 30,    September 30,     September 30,
                                               2000            1999             2000             1999
                                          ------------     ------------     ------------      ------------
<S>                                       <C>              <C>              <C>               <C>
Interest Income

   Loans (including fees)                 $  3,402,000     $  2,503,000     $  9,355,000      $  7,136,000
   Federal funds sold                           89,000           37,000          210,000           118,000
   Investment securities - taxable             624,000          729,000        1,958,000         2,275,000
   Investment securities - tax exempt          167,000          198,000          507,000           514,000
                                          ------------     ------------     ------------      ------------
Total Interest income                        4,282,000        3,467,000       12,030,000        10,043,000

Interest Expense                             1,444,000        1,108,000        4,059,000         3,171,000
                                          ------------     ------------     ------------      ------------

Net interest income                          2,838,000        2,359,000        7,971,000         6,872,000

Provision for loan losses                      100,000           60,000          280,000           180,000
                                          ------------     ------------     ------------      ------------

Net interest income after
   provision for loan losses                 2,738,000        2,299,000        7,691,000         6,692,000

Non interest income                            510,000          462,000        1,661,000         1,276,000

Gains (losses) on securities                     5,000            5,000           (3,000)           10,000
transactions, net

Non interest expenses

   Salaries and employee benefits            1,217,000          892,000        3,239,000         2,558,000
   Occupancy                                   190,000          100,000          442,000           289,000
   Equipment                                   266,000          103,000          614,000           349,000
   Other                                       621,000          528,000        1,699,000         1,492,000
                                          ------------     ------------     ------------      ------------
Total non interest expense                   2,294,000        1,623,000        5,994,000         4,688,000
                                          ------------     ------------     ------------      ------------

Income before provision for
   income taxes                                959,000        1,143,000        3,355,000         3,290,000

Provision for income taxes                     369,000          437,000        1,305,000         1,252,000
                                          ------------     ------------     ------------      ------------

Net income                                $    590,000     $    706,000     $  2,050,000      $  2,038,000
                                          ============     ============     ============      ============

Basic earnings per common share:          $       0.32     $       0.44     $       1.20      $       1.28
                                          ============     ============     ============      ============
Diluted earnings per common share:        $       0.31     $       0.43     $       1.18      $       1.23
                                          ============     ============     ============      ============
<FN>
The accompanying notes are an integral part of these statements
</FN>
</TABLE>


                                       4
<PAGE>


<TABLE>
                                                  North Bay Bancorp
                              Consolidated Statement of Change in Shareholders' Equity
                                                 September 30, 2000
                                                   (Unaudited)
<CAPTION>

                                                                                Accumulated
                                                                                      Other          Total
                                     Common Shares   Common       Retained    Comprehensive   Shareholders'  Comprehensive
                                       Outstanding    Stock       Earnings             Loss         Equity          Income
                                     -------------------------------------------------------------------------------------
<S>                                   <C>          <C>           <C>            <C>            <C>           <C>
BALANCE, DECEMBER 31, 1999            1,536,568    $12,893,000   $ 6,368,000    ($1,171,000)   $18,090,000

Stock dividend                           76,509      1,913,000    (1,921,000)                       (8,000)
Cash dividend                                                       (307,000)                     (307,000)
Comprehensive income:
   Net income                                                      2,050,000                     2,050,000   $ 2,050,000
                                                                   ---------
   Other comprehensive
   income, net of tax:
     Change in net unrealized
       loss on available-for-sale
       securities, net of tax                                                       542,000        542,000       542,000
                                                                                -----------                  -----------
Comprehensive income                                                                                         $ 2,592,000
                                                                                                             ===========
Issuance of common stock,
  net issuance costs of $133,000        227,273      4,867,000                                   4,867,000
Stock options exercised                   8,053         88,000                                      88,000
                                      ---------    -----------                  -----------    -----------
BALANCE, SEPTEMBER 30, 2000           1,848,403    $19,761,000   $ 6,190,000    ($  629,000)   $25,322,000
                                      =========    ===========   ===========    ===========    ===========
<FN>
The accompanying notes are an integral part of these statements
</FN>
</TABLE>


                                       5
<PAGE>


                                       North Bay Bancorp
                              Consolidated Statement of Cash Flows
                                          (Unaudited)
                                           (In 000's)

                                                         Nine months Ended
                                                           September 30,
                                                         2000        1999
                                                       --------    --------
Cash Flows From Operating Activities:

Net income                                             $  2,050    $  2,038
Adjustment to reconcile net income to net cash
   provided by operating activities:
  Depreciation and amortization                             391         260
  Provision for loan losses                                 280         180
  Amortization of deferred loan fees                       (201)       (191)
  Premium amortization (discount accretion), net             17         (12)
  Net loss (gain) on sale of investment securities            3         (10)
  Net loss (gain) on sale of assets                           8         (15)
  Changes in:
    Interest receivable and other assets                     24         219
    Interest payable and other liabilities                  389          67
                                                       --------    --------
     Total adjustments                                      911         498
                                                       --------    --------
   Net cash provided by operating activities              2,961       2,536
                                                       --------    --------

Cash Flows From Investing Activities:

Investment securities held-to-maturity:
  Proceeds from maturities and principal payments            37          10
  Purchases                                                   0      (1,400)
Investment securities available-for-sale:
  Proceeds from maturities and principal payments         7,990      13,466
  Proceeds from sales                                     5,151       1,005
  Purchases                                              (6,389)    (12,202)
Net increase in loans                                   (27,416)    (20,499)
Sale of capital assets                                        5          21
Capital expenditures                                     (2,697)       (345)
                                                       --------    --------
   Net cash used in investing activities                (23,319)    (19,844)
                                                       --------    --------

Cash Flows From Financing Activities:

Net increase in deposits                                 27,190      11,422
Increase in long term debt                                3,000           0
Decrease (increase)  in short-term borrowings            (5,000)      5,000
Stock issued, net of issuance costs                       4,867           0
Stock options exercised                                      88         199
Dividends paid                                             (315)       (297)
                                                       --------    --------
   Net cash provided by financing activities             29,830      16,324
                                                       --------    --------
Net increase (decrease) in cash and cash equivalents      9,472        (984)
Cash and cash equivalents at beginning of year           10,066      14,602
                                                       --------    --------
Cash and cash equivalents at end of period             $ 19,538    $ 13,518
                                                       ========    ========
Supplemental Disclosures of Cash Flow Information:
  Interest paid                                        $  4,190    $  3,168
  Income taxes paid                                    $  1,359    $    830


The accompanying notes are an integral part of these statements


                                       6
<PAGE>

                                NORTH BAY BANCORP
                 Notes to the Consolidated Financial Statements
                                   (Unaudited)
                               September 30, 2000

NOTE 1 - Basis of Presentation

The accompanying  consolidated financial statements,  which include the accounts
of North Bay Bancorp and its subsidiaries  (the  "Company"),  have been prepared
pursuant to the rules and regulations of the Securities and Exchange  Commission
(SEC) and in Management's opinion,  include all adjustments  (consisting only of
normal recurring  adjustments)  necessary for a fair presentation of results for
such interim  periods.  The  subsidiaries  consist of two community  banks,  The
Vintage  Bank,  established  in 1985,  and Solano Bank which was opened July 17,
2000.  All  significant   intercompany   transactions  and  balances  have  been
eliminated. Certain information and note disclosures normally included in annual
financial  statements  prepared in accordance with generally accepted accounting
principles have been omitted pursuant to SEC rules or regulations;  however, the
Company  believes that the disclosures made are adequate to make the information
presented  not  misleading.  The  interim  results  for the  nine  months  ended
September 30, 2000 and 1999, are not  necessarily  indicative of results for the
full  year.  It  is  suggested  that  these  financial  statements  be  read  in
conjunction  with  the  financial  statements  and  the  notes  included  in the
Company's Annual Report for the year ended December 31, 1999.

NOTE 2 - Commitments

The  Company  has  outstanding   standby  Letters  of  Credit  of  approximately
$1,943,000,  undisbursed  real estate and  construction  loans of  approximately
$30,578,000,  and  undisbursed  commercial  and  consumer  lines  of  credit  of
approximately $15,196,000, as of September 30, 2000.

NOTE 3 - Earnings Per Common Share

The  Company  declared  5% stock  dividends  on January 28, 1999 and January 18,
2000. As a result of the stock dividends the number of common shares outstanding
and  earnings  per  share  data  was  adjusted  retroactively  for  all  periods
presented.
<TABLE>
The following  table  reconciles the numerator and  denominator of the Basic and
Diluted earnings per share computations:
<CAPTION>
                                                            Weighted Average       Per-Share
                                     Net Income              Shares                 Amount
                                     ----------              ------                 ------
                                           For the three months ended September 30, 2000
                                           ---------------------------------------------
<S>                                  <C>                    <C>                     <C>
  Basic earnings per share           $590,000               1,846,285               $.32
  Stock options                                                28,632
                                                            -----------
  Diluted earnings per share                                1,874,917               $.31

                                           For the three months ended September 30, 1999
                                           ---------------------------------------------
  Basic earnings per share           $706,000               1,609,354               $.44
  Stock options                                                35,882
                                                            -----------
  Diluted earnings per share                                1,645,236               $.43
</TABLE>
<TABLE>
<CAPTION>
                                                            Weighted Average       Per-Share
                                     Net Income              Shares                 Amount
                                     ----------              ------                 ------
                                           For the nine months ended September 30, 2000
                                           --------------------------------------------
<S>                                  <C>                    <C>                     <C>
  Basic earnings per share           $2,050,000             1,706,183               $1.20
  Stock options                                               31,931
                                                            -----------
  Diluted earnings per share                                1,738,114               $1.18

                                           For the nine months ended September 30, 1999
                                           --------------------------------------------
  Basic earnings per share           $2,038,000             1,594,573               $1.28
  Stock options                                                56,151
                                                            -----------
  Diluted earnings per share                                1,650,724               $1.23
</TABLE>

                                       7
<PAGE>

NOTE 4 - Comprehensive Income

For the  Company,  comprehensive  income  includes  net income  reported  on the
statement  of income and  changes  in the fair  value of its  available-for-sale
investments reported as a component of shareholders' equity. The following table
presents net income adjusted by the change in unrealized  gains or losses on the
available-for-sale  investments  as a  component  of  comprehensive  income  (in
thousands).

                                        Three Months Ended September 30,
                                                    2000                  1999
                                                    ----                  ----
Net Income                                          $590                  $706
Net change in unrealized losses on
available-for-sale investments, net of tax           465                 (201)
                                                     ---                 -----
Comprehensive Income                              $1,055                  $505
                                                  ======                  ====

                                        Nine Months Ended September 30,
                                                    2000                  1999
                                                    ----                  ----
Net Income                                        $2,050                $2,038
Net change in unrealized losses on
available-for-sale investments, net of tax           542               (1,064)
                                                     ---               -------
Comprehensive Income                              $2,592                  $974
                                                  ======                  ====

NOTE 5 - Segment Reporting

The Company's  operating  segments consist of its traditional  community banking
activities  provided  through its five branches of its two  community  banks and
activities related to the Holding Company.  Community banking activities include
the Banks'  commercial and retail lending,  deposit gathering and investment and
liquidity management  activities.  The Company has aggregated the results of the
two community banks into a single  reportable  segment,  and the Holding Company
activities  reported as "Other".  Segment data for prior reporting  periods were
not applicable since the Holding Company was established in November, 1999.
<TABLE>
The  components  of the Company's  business  segments for the three months ended
September 30, 2000 were as follows:
<CAPTION>
                                                              (In 000's)
                                     Community                             Intersegment
                                      Banking               Other           Adjustments         Consolidated
                                      -------               -----           -----------         ------------
<S>                                   <C>                   <C>                   <C>                 <C>
Interest Income                       $4,381                   $0                 ($99)               $4,282
Interest Expense                       1,473                   70                  (99)                1,444
                                       -----                -----                 -----               ------
   Net Interest Income                 2,908                 (70)                     0                2,838

Provision for loan losses                100                    0                     0                  100
Noninterest Income                       556                  598                 (639)                  515
Noninterest Expense                    2,274                  659                 (639)                2,294
                                       -----                -----                 -----               ------
Income (Loss)  Before Tax              1,090                (131)                     0                  959
Provision for
   Income Taxes                          424                 (55)                     0                  369
                                       -----                -----                 -----               ------
Net Income (Loss)                        666                ($76)                    $0                 $590
                                       -----                -----                 -----               ------
</TABLE>
<TABLE>
The  components  of the  Company's  business  segments for the nine months ended
September 30, 2000 were as follows:
<CAPTION>
                                                              (In 000's)
                                     Community                             Intersegment
                                      Banking               Other           Adjustments         Consolidated
                                      -------               -----           -----------         ------------
<S>                                   <C>                   <C>                   <C>                 <C>
Interest Income                      $12,129                   $0                 ($99)              $12,030
Interest Expense                       4,072                   86                  (99)                4,059
                                       -----                -----                 -----               ------
   Net Interest Income                 8,057                 (86)                     0                7,971

Provision for loan losses                280                    0                     0                  280
Noninterest Income                     1,782                1,676               (1,800)                1,658
Noninterest Expense                    5,467                2,327               (1,800)                5,994
                                       -----                -----                 -----               ------
Income (Loss)  Before Tax              4,092                (737)                     0                3,355
Provision for
   Income Taxes                        1,612                (307)                     0                1,305
                                       -----                -----                 -----               ------
Net Income (Loss)                     $2,480               ($430)                    $0               $2,050
                                       -----                -----                 -----               ------

                                                      8
<PAGE>


                                                             (In 000's)

Assets                              $234,932              $28,750             ($33,765)             $229,917
Loans, Net                           147,503                    0                    0               147,503
Deposits                             201,666                    0               (2,096)              199,570
Equity                                26,069               25,322              (26,069)               25,322
</TABLE>

NOTE 6- Stock Offering

On June 30,  2000,  the Company  closed its $5 million  stock  offering of up to
227,273  shares of its common  stock at a price of $22.00 per share (the  "Stock
Offering").  As of March 12, 2000  subscriptions  for $2,787,000  were accepted,
subscriptions  for the remaining  $2,213,000  were accepted as of July 19, 2000.
Total proceeds to the Company,  net of offering expenses,  were $4,867,000.  See
Part II. "Item 2. Use of Proceeds" of this Quarterly Report.

                                     Item 2.

                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

In addition to the  historical  information  contained  herein,  this  Quarterly
Report contains certain forward-looking statements. The reader of this Quarterly
Report should understand that all such forward-looking statements are subject to
various  uncertainties and risks that could affect their outcome.  The Company's
actual   results  could  differ   materially   from  those   suggested  by  such
forward-looking  statements.  Factors  that could  cause or  contribute  to such
differences  include,  but are not limited to,  variances  in the actual  versus
projected  growth in assets,  return on assets,  loan  losses,  expenses,  rates
charged on loans and earned on securities  investments,  rates paid on deposits,
competition  effects,  fee and other noninterest  income earned as well as other
factors. This entire Quarterly Report should be read to put such forward-looking
statements  in  context  and  to  gain  a  more  complete  understanding  of the
uncertainties and risks involved in the Company's business.

Moreover,  wherever  phrases  such as or similar to "In  Management's  opinion",
"Management  considers" are used,  such  statements are as of and based upon the
knowledge  of  Management,  at the time  made and are  subject  to change by the
passage of time and/or  subsequent  events,  and accordingly such statements are
subject  to the same  risks  and  uncertainties  noted  above  with  respect  to
forward-looking statements.

OVERVIEW

Net income was  $590,000 or $.31 per diluted  share for the three  months  ended
September  30, 2000,  compared  with  $706,000 or $.43 per diluted share for the
three  months  ended  September  30,  1999,  a decrease  of 28%.  Net income was
$2,050,000  or $1.18 per diluted  share for the nine months ended  September 30,
2000,  compared  with  $2,038,000 or $1.23 per diluted share for the nine months
ended September 30, 1999, a decrease of 4%. Total assets were $229,917,000 as of
September 30, 2000;  equating to a 16% growth in assets during the twelve months
ended  September  30, 2000.  Shareholders'  equity as of September  30, 2000 was
increased by  $4,867,000  as the result of net proceeds of the  Company's  Stock
Offering.  See Footnote 6 to the Financial Statements included in Part I of this
Quarterly Report.

SUMMARY OF EARNINGS

NET INTEREST INCOME

Net interest  income  represents the amount by which interest  earned on earning
assets  (primarily loans and investments)  exceed the amount of interest paid on
deposits. Net interest income is a function of volume,  interest rates and level
of non-accrual loans.

                                       9
<PAGE>


Net interest income before the provision for loan losses on a taxable-equivalent
basis for the three months ended  September  30, 2000 and September 30, 1999 was
$3,048,000 and $2,600,000,  respectively. These results equate to a 17% increase
in net  interest  income  for the third  quarter of 2000  compared  to the third
quarter of 1999.  Loan fee income,  which is  included  in interest  income from
loans, was $144,000 for the three months ended September 30, 2000, compared with
$153,000 for the three  months ended  September  30, 1999.  Net interest  income
before the provision for loan losses on a taxable-equivalent  basis for the nine
months  ended  September  30, 2000 and  September  30, 1999 was  $8,104,000  and
$7,021,000, respectively. These results equate to a 15% increase in net interest
income for the first nine  months of 2000  compared  to the same period in 1999.
Loan fee income,  which is included in interest income from loans,  was $457,000
for the nine months ended  September  30, 2000,  compared  with $532,000 for the
nine months ended  September  30,  1999.The  average  balance of earning  assets
increased  $24,611,000 or 14% during the twelve months ended September 30, 2000.
Taxable-equivalent interest income increased $1,971,000 or 19% in the first nine
months of 2000 compared with the same period of 1999.  Increase in the volume of
earning assets  accounted for  $1,730,000 of this increase,  with an increase of
$241,000  attributable to higher rates. The average balance of  interest-bearing
liabilities  increased  $17,605,000  or 14%  during the first nine month of 2000
compared  with  the  same  period  in 1999.  Interest  paid on  interest-bearing
liabilities  increased  $888,000  in 2000  compared  with 1999.  Increase in the
volume of deposits and other borrowings accounted for $521,000 of this increase,
while a $367,000  increase was  attributed  to an increase in rates.  Management
does not expect a material  change in the Company's  net interest  margin during
the next twelve months as the result of a modest increase or decrease in general
interest rates.


                                       10
<PAGE>

<TABLE>
The following  table  provides a summary of the  components of interest  income,
interest expense and net interest margin for the nine months ended September 30,
2000 and September 30, 1999:
<CAPTION>
                                                                 In 000's
                                                   2000                                   1999
                                                   ----                                   ----
                                    Average     Income/       Average      Average     Income/      Average
                                    Balance     Expense    Yield/Rate      Balance     Expense   Yield/Rate
                                  ------------------------------------------------------------------------------
<S>                               <C>            <C>               <C>    <C>            <C>               <C>
 Loans(1)(2)                      $ 137,783      $   9,355         9.05%  $ 107,120      $   7,136         8.88%
 Investment securities:
   Taxable                           39,123          1,954         6.66%     47,379          2,269         6.39%
   Non-taxable(3)                    14,018            640         6.09%     14,161            663         6.24%
                                  ---------      ---------                ---------      ---------

TOTAL LOANS AND INVESTMENT
SECURITIES                          190,924         11,949         8.34%    168,660         10,068         7.96%

 Due from banks, time                   100              4         5.33%        133              6         6.02%
 Federal funds sold                   5,424            210         5.16%      3,044            118         5.17%
                                  ---------      ---------                ---------      ---------
TOTAL EARNING ASSETS                196,448      $  12,163         8.26%    171,837      $  10,192         7.91%
                                  ---------      ---------                ---------      ---------

 Cash and due from banks             11,398                                   9,953
 Allowance for loan losses           (2,035)                                 (1,853)
 Premises and equipment, net          4,244                                   2,802
 Accrued interest receivable
   and other assets                   6,776                                   5,749
                                  ---------                               ---------
TOTAL ASSETS                      $ 216,831                               $ 188,488
                                  =========                               =========

LIABILITIES AND SHAREHOLDERS'
EQUITY

 Deposits:
   Interest bearing demand        $  63,797      $   1,128         2.36%  $  58,376      $   1,003         2.29%
   Savings                           15,790            221         1.87%     15,905            221         1.85%
   Time                              64,197          2,534         5.26%     52,320          1,820         4.64%
                                  ---------      ---------         ----   ---------      ---------         ----
                                    143,784          3,883         3.60%    126,601          3,044         3.21%

   Borrowings                         3,800            176         6.18%      3,378            127         5.01%

TOTAL INTEREST BEARING
 LIABILITIES                        147,584      $   4,059         3.67%    129,979      $   3,171         3.25%
                                  ---------      ---------                ---------      ---------

 Noninterest bearing DDA             46,569                                  40,112
 Accrued interest payable
   and other liabilities              1,621                                   1,109
 Shareholders' equity                21,057                                  17,288
                                  ---------                               ---------

TOTAL LIABILITIES AND
 SHAREHOLDERS' EQUITY             $ 216,831                               $ 188,488
                                  =========                               =========

NET INTEREST INCOME                              $   8,104                               $   7,021
                                                 =========                               =========
NET INTEREST INCOME TO
AVERAGE EARNING ASSETS
(Net Interest Margin (4))                             5.50%                                   5.45%
<FN>
(1) Average loans include nonaccrual loans

(2) Loan  interest  income  includes loan fee income of $457 in 2000 and $532 in
1999.

(3) Average yields shown are  taxable-equivalent.  On a non- taxable basis, 2000
interest  income was $507 with an average  yield of 4.82%;  in 1999  non-taxable
income was $514 and the  average  yield was 4.84%.

(4) Net interest  margin is  calculated  by dividing net interest  income by the
average balance of total earning assets for the applicable period.
</FN>
</TABLE>


                                       11
<PAGE>


The following  table sets forth a summary of the changes in interest  income and
interest expense for the nine months ended September 30, 2000 over September 30,
1999 resulting  from changes in assets and  liabilities  volumes and rates.  The
change in interest due to both rate and volume has been  allocated in proportion
to the relationship of absolute dollar amounts of change in each.

                                                  In 000's
                                               2000 Over 1999
                                              ---------------
                                        Volume          Rate      Total
                                       ---------------------------------
Increase (Decrease) In
 Interest and Fee Income
   Time Deposits With Other
    Financial Institutions                 ($1)          ($1)       ($2)
   Investment Securities:
     Taxable                              (394)            79      (315)
     Non-Taxable (1)                        (7)          (16)       (23)
   Federal Funds Sold                       92             0         92
   Loans                                 2,040           179      2,219
                                       ---------------------------------
   Total Interest and Fee Income         1,730           241      1,971
                                       ---------------------------------

Increase (Decrease) In
 Interest Expense
   Deposits:
     Interest Bearing
     Transaction Accounts                   93            32        125
     Savings                                (2)            2          0
     Time Deposits                         414           300        714
                                       ---------------------------------
   Total Deposits                          505           334        839
  Borrowings                                16            33         49
                                       ---------------------------------
   Total Interest Expense                  521           367        888
                                       ---------------------------------
   Net Interest Income                  $1,209         ($126)    $1,083
                                       =================================

(1) The interest earned is taxable-equivalent.

PROVISION AND ALLOWANCE FOR LOAN LOSSES

The  Company  maintains  an  allowance  for loan  losses  at a level  considered
adequate to provide for losses that can be reasonably anticipated. The allowance
is  increased by the  provision  for loan losses and reduced by net charge offs.
The  allowance for loan losses is based on  estimates,  and ultimate  losses may
vary from current  estimates.  These estimates are reviewed  periodically and as
adjustments  become  necessary  they are  reported in earnings in the periods in
which they become known.  The Company makes credit reviews of the loan portfolio
and considers current economic  conditions,  historical loan loss experience and
other  factors in  determining  the  adequacy  of the  allowance  balance.  This
evaluation  establishes  a  specific  allowance  for all  classified  loans over
$50,000 and establishes  percentage allowance  requirements for all other loans,
according to the  classification as determined by the Company's internal grading
system.  As of


                                       12
<PAGE>


September 30, 2000 the allowance for loan losses of $2,168,000 represented 1.45%
of loans outstanding.  As of September 30, 1999, the allowance represented 1.65%
of loans outstanding.  During the nine months ended September 30, 2000, $280,000
was charged to expense for the loan loss  provision,  compared with $180,000 for
the same period in 1999. Net charge-offs for all loans was $99,000,  or 0.01% of
total loans as of September 30, 2000, for the first nine months of 2000 compared
with net recoveries of $8,000 in the year earlier period.

The following table summarizes changes in the allowance for loan losses:

                                    In 000's

                                               September 30,     September 30,
                                                    2000             1999
                                                   ------           ------
Balance, beginning of year                         $1,987           $1,752
Provision for loan losses                             280              180
Loans charged off                                     102               11
Recoveries of loans previously charged off              3               19
                                                   ------           ------
Balance, end of period                             $2,168           $1,940
                                                   ======           ======
Allowance  for loan  losses  to  total
outstanding loans                                   1.45%            1.65%


There were no loans on non-accrual at September 30, 2000.  Non-accrual  loans at
September 30, 1999 were $13,000.

NON-INTEREST INCOME

Non-interest  income was $510,000 for the three months ended  September 30, 2000
compared with $462,000 for the same period in 1999, a 10% increase. Non-interest
income was $1,661,000 for the nine months ended September 30, 2000 compared with
$1,276,000  for the same period in 1999,  a 30%  increase.  Other  increases  in
non-interest income resulted primarily from an increase in the number of deposit
accounts, transaction volumes and directly related service charges.

GAIN (LOSSES) ON SECURITIES

Net losses of $3,000 for the nine months ended  September 30, 2000 resulted from
the sale of several available-for-sale securities. Gains of $10,000 for the nine
months   ended   September   30,  1999   resulted   from  the  sale  of  several
available-for-sale securities.

ON-INTEREST EXPENSE

Non-interest expense for the three months ended September 30, 2000 and September
30,  1999  was  $2,294,000  and  $1,623,000,   respectively,   a  41%  increase.
Non-interest  expense for the nine months ended September 30, 2000 and September
30, 1999 was  $5,994,000  and  $4,688,000,  respectively,  a 28%  increase.  The
increase  compared with prior reporting  periods is primarily due to the Company
opening its  subsidiary de novo bank,  Solano Bank, on July,  17, 2000.  The 28%
increase in  non-interest  income  during  2000 was  primarily  in salaries  and
employee benefit expenses.  Salaries and employee benefits expense for the three
months  ended  September  30,  2000  and  1999  were  $1,217,000  and  $892,000,
respectively,  a 36% increase.  Salaries and employee  benefits  expense for the
nine months ended  September 30, 2000 and 1999 were  $3,239,000 and  $2,558,000,
respectively,  a 27%  increase.  The increase in 2000  resulted  from  increased
salaries  paid  to  Company   officers  and   employees,   and  an  increase  of
approximately 17 full-time equivalent employees from 79 at September, 1999 to 96
at September  30, 2000.  The increase in employees is primarily due to growth of
the Company and opening of Solano Bank in mid July, 2000. Other expenses for the
three months ended  September  30, 2000 and September 30, 1999 were $621,000 and
$528,000,  respectively,  an 18%  increase.  Other  expenses for the nine months
ended  September 30, 2000 and September 30, 1999 were $1,699,000 and $1,492,000,
respectively,  a 14%  increase.  The increase from last year is primarily due to
costs  associated with training staff for a new core banking  system,  and costs
associated with opening Solano Bank.

INCOME TAXES

The  Company  reported a  provision  for income tax for the three  months  ended
September 30, 2000 and 1999 of $369,000 and $437,000,  respectively. The Company
reported a provision for income tax for the


                                       13
<PAGE>


nine months ended  September  30, 2000 and 1999 of  $1,305,000  and  $1,252,000,
respectively.  Both the 2000 and 1999 provisions reflect tax accruals at maximum
rates for both  federal and state income  taxes,  adjusted for the effect of the
Company's investments in tax-exempt municipal securities.

BALANCE SHEET

Total  assets  as  of  September  30,  2000  were  $229,917,000   compared  with
$197,655,000  as of September 30, 1999,  and  $197,106,000  at December 31, 1999
equating to a 16% increase  during the twelve months and an 17% increase for the
nine month ended  September  30, 2000.  Total  deposits as of September 30, 2000
were  $199,570,000  compared with  $173,595,000  as of September  30, 1999,  and
$172,380,000 at December 31, 1999  representing a 15% increase during the twelve
months and a 16% increase for the nine months ended  September  30, 2000.  Loans
outstanding   as  of  September  30,  2000  were   $149,671,000   compared  with
$117,225,000  as of September 30, 1999,  and  $122,153,000  at December 31, 1999
equating to a 28% increase  during the twelve  months and a 23% increase for the
nine months ended September 30, 2000.

BORROWINGS

There  were no  short-term  borrowings  at  September  30,  2000  compared  with
$5,000,000 at September 30, 1999 and $5,000,000 at December 31, 1999. Short-term
borrowings  consist  primarily of federal funds  purchased and  borrowings  from
Federal Home Loan Bank. The Company has used short-term  borrowings to assist in
funding its increased loan demand.  Continued reliance on short-term  borrowings
may be  required  if loan  demand  continues  to outpace  deposit  growth,  and,
therefore  short-term  borrowings  are  expected  to vary from time to  time.The
Company has a $3,000,000 unsecured loan with Union Bank of California.  The term
of the loan is three and one half years with principal and interest payments due
quarterly. The loan is a variable rate loan tied to Union Bank's reference rate,
currently  9.50%.  The proceeds of this loan were  primarily  invested  into the
Company's subsidiary, Solano Bank.

LIQUIDITY AND CAPITAL ADEQUACY

The  Company's  liquidity  is  determined  by the level of assets (such as cash,
Federal  Funds,  and  investment  in  marketable  securities)  that are  readily
convertible  to cash to meet customer  withdrawals  and  borrowings.  Management
reviews the Company's liquidity position on a regular basis to ensure that it is
adequate to meet  projected  loan funding and potential  withdrawal of deposits.
The Company has a comprehensive Asset/Liability Management and Liquidity Policy,
which it uses to determine adequate  liquidity.  As of September 30, 2000 liquid
assets were 30% of total assets,  compared with 36% as of September 30, 1999 and
33% at December 31, 1999.

The Federal Deposit Insurance  Corporation  Improvement Act (FDICIA) established
ratios used to determine  whether a Company is "Well  Capitalized,"  "Adequately
Capitalized,"    "Undercapitalized,"    "Significantly   Undercapitalized,"   or
"Critically Undercapitalized." A Well Capitalized Company has risk-based capital
of at least  10%,  tier 1  risked-based  capital  of at least 6%, and a leverage
ratio of at least 5%. As of September 30, 2000, the Company's risk-based capital
ratio was 15.55%.  The  Company's  tier 1 risk-based  capital ratio and leverage
ratio were 14.35% and 11.31%, respectively.

As the  following  table  indicates,  both  The  Vintage  Bank and  Solano  Bank
currently  exceed the regulatory  capital  minimum  requirements.  The Banks are
considered "Well Capitalized" according to regulatory guidelines.


                                       14
<PAGE>

<TABLE>
<CAPTION>
                                                                                 To Be Well Capitalized
                                                           For Capital           Under Prompt Corrective
                                     Actual              Adequacy Purposes          Action Provisions
                                     ------              -----------------          -----------------
                                                           (In  000's)
                               Amount       Ratio        Amount       Ratio         Amount          Ratio
                              -------      -------      -------       ------        -------         -------
<S>                           <C>          <C>          <C>           <C>           <C>             <C>
As of September 30, 2000:
Total Capital (to Risk
   Weighted Assets)
      Consolidated            $28,119       15.55%      $14,469       >8.00%        $18,086         >10.00%
                                                                      -                             -
      The Vintage Bank         20,161       11.94%       13,509       >8.00%         16,887         >10.00%
                                                                      -                             -
      Solano Bank               8,658      183.08%          378       >8.00%            473         >10.00%
                                                                      -                             -
Tier I Capital (to Risk
   Weighted Assets)
      Consolidated             25,951       14.35%        7,234       >4.00%         10,851          >6.00%
                                                                      -                              -
      The Vintage Bank         18,050       10.69%        6,755       >4.00%         10,132          >6.00%
                                                                      -                              -
       Solano Bank              8,648      182.87%          189       >4.00%            284          >6.00%
                                                                      -                              -
Tier I Capital (to
   Average Assets)
      Consolidated             25,951       11.31%        9,180       >4.00%         11,475          >5.00%
                                                                      -
      The Vintage Bank         18,050        8.24%        8,766       >4.00%         10,957          >5.00%
                                                                      -                              -
      Solano Bank               8,648       83.60%          414       >4.00%            517          >5.00%
                                                                      -                              -
</TABLE>



                           PART II - OTHER INFORMATION

OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

Other  than  ordinary  routine  litigation  incidental  to the  business  of the
Company, there are no material pending legal proceedings.

ITEM 2.   USE OF PROCEEDS

Use of Proceeds of Public Offering

On December 22, 1999,  the Company filed  Registration  Statement No.  333-93365
with the United  States  Securities  and Exchange  Commission  with respect to a
proposed   public   offering  of  North  Bay  common   stock  for  an  aggregate
consideration of $5,000,000.  The registration  statement was declared effective
on February  9, 2000,  and the  Company  commenced  an offering of up to 200,000
shares of its common stock,  no par value,  at a price of $25.00 per share.  The
offering was  subsequently  amended to increase the number of shared  offered to
227,273 and to decrease the offering  price to $22.00 per share.  All securities
were sold for the account of the issuer and there are no  underwriters  involved
in the offering. The offering was closed as of June 30,2000.

As of May 31, 2000 subscriptions for $2,787,000 were accepted, subscriptions for
the remaining  $2,213,000 were accepted as of July 17, 2000. The net proceeds of
the Stock Offering were invested into Solano Bank.  The following  expenses were
incurred by the Company in connection with the issuance and  distribution of the
securities registered:

Underwriting Discounts and Commissions:           $0
Finders Fees:                                     $0
Expenses Paid to Underwrites:                     $0
Other Expenses:                             $132,561
Total Expenses:                             $132,561

All  expenses  were paid to  persons  other  than  directors,  officers,  or 10%
shareholders of the Company.


                                       15
<PAGE>


ITEM 6. EXHIBITS AND REPORTS ON FORM-8-K

     (1) Exhibits. An index of Exhibits begins on page 18.

     (2) Current Reports.

              (a) On July 12, 2000,  the Company filed a Current Report on  From
8-K, reporting under Item. 5 "Other Matters":

         (i)      Completion of Stock  Offering.  The successful  completion the
                  Company's  $5 million  stock  offering,  pursuant to which the
                  Company sold 227,273  shares of its common stock at a price of
                  $22.00 per share.

         (ii)     Appointment  of New  Directors.  The expansion of the Board of
                  Directors  of the  Company  from  8 to 10  directors  and  the
                  appointment  of Thomas N.  Gavin and Fred J. Hearn to fill the
                  new vacancies.

              (b) On August 24, 2000, the Company filed a Current Report on From
8-K, reporting under Item. 5 "Other Matters":

         (i)      Opening of Solano Bank.  The opening for  business.  of Solano
                  Bank, a  wholly-owned  subsidiary of the Company.  The Company
                  capitalized  Solano Bank at  $9,000,000,  in part  through the
                  $5,000,000  proceeds of its  recently  completed  public stock
                  offering of common stock.

         (ii)     Earnings Release.  The issuance a press release announcing the
                  Company's earnings for the quarter ended June 30, 2000.


                                       16
<PAGE>



                                   SIGNATURES

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

                                           NORTH BAY BANCORP
                                           A California Corporation

Date:  November 7, 2000                    BY: /s/ Terry L. Robinson
                                              ---------------------------------
                                                   Terry L. Robinson
                                                   President & CEO
                                                  (Principal Executive Officer)


Date:  November 7, 2000                    BY: /s/ Lee- Ann Cimino
                                               --------------------------------
                                                   Lee-Ann Cimino
                                                   Sr. Vice President & CFO
                                                  (Principal Financial Officer)


                                       17
<PAGE>


                                  EXHIBIT INDEX

      Exhibit 11.        Statement re: computation of per share data is included
in Footnote 3 to the unaudited consolidated financial statements of Registrant

      Exhibit 27.     Financial Data Schedule


                                       18