SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q


(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 1997

                                       or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to


                        Commission File Number: 333-12305 


                          SVB Financial Services, Inc.
             (Exact name of registrant as specified in its charter)

         New Jersey                                              22-3438058
(State of other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)

103 West End Avenue, Somerville, New Jersey                        08876
(Address of principal executive officers)                        (Zip Code)

                                 (908) 704-1188
              (Registrant's telephone number, including area code)


(Former  name,  former  address and former  fiscal year,  if changed  since last
report)

Indicate by check mark whether the registrant (1) has 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.

                           [ X ] Yes       [  ] No


<PAGE>

As of September 30, 1997 there were 1,369,610 shares of common stock,  $4.17 par
value outstanding.
<PAGE>





                          SVB FINANCIAL SERVICES, INC.

                                    FORM 10-Q

                                      INDEX


PART I         -     FINANCIAL INFORMATION

ITEM 1         -     Financial Statements and Notes to Consolidated Financial

ITEM 2         -     Management's Discussion and Analysis of Financial Condition
                     and Results of Operations


PART II        -     OTHER INFORMATION

ITEM 6         -     Exhibits and Reports on Form 8-K


SIGNATURES

<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
STATEMENTS OF CONDITION                                 September 30,       December 31,
September 30, 1997 and December 31, 1996                     1997              1996
                                                       -------------      -------------
<S>                                                    <C>                <C>
ASSETS
Cash & Due from Banks ............................     $   5,516,428      $   4,914,698
Federal Funds Sold ...............................         6,775,000          5,450,000
Other Short Term Investments .....................         1,714,410          1,763,478
                                                       -------------      -------------
Total Cash and Cash Equivalents ..................        14,005,838         12,128,176
                                                       -------------      -------------

Securities
   Available for Sale, at Market Value ...........        13,841,241          8,726,878
   Held to Maturity ..............................        17,812,077         13,989,481
                                                       -------------      -------------
Total Securities .................................        31,653,318         22,716,359
                                                       -------------      -------------

Loans ............................................        96,213,217         87,855,063
   Allowance for Possible Loan Losses ............          (938,037)          (783,366)
   Unearned Income ...............................           (88,876)           (79,414)
                                                       -------------      -------------
Net Loans ........................................        95,186,304         86,992,283
                                                       -------------      -------------

Premises & Equipment, Net ........................         1,646,406          1,066,109
Other Real Estate ................................                 0            304,700
Other Assets .....................................         2,330,936          1,787,840
                                                       -------------      -------------
Total Assets .....................................     $ 144,822,802      $ 124,995,467
                                                       =============      =============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
STATEMENTS OF CONDITION                                 September 30,       December 31,
September 30, 1997 and December 31, 1996                     1997              1996
                                                       -------------      -------------
<S>                                                    <C>                <C>
LIABILITIES & SHAREHOLDERS' EQUITY
LIABILITIES
Deposits
Demand
   Non-interest Bearing ..........................     $  22,415,015      $  21,420,923
   NOW Accounts ..................................        10,351,469          6,439,160
Savings ..........................................         9,193,384          7,675,671
Money Market Accounts ............................        19,376,978         15,710,515
Time
   Greater than $100,000 .........................         8,166,996          6,211,335
   Less than $100,000 ............................        61,641,081         55,063,786
                                                       -------------      -------------
Total Deposits ...................................       131,144,923        112,521,390
                                                       -------------      -------------

Obligation Under Capital Lease ...................           445,000                  0
Accrued Expenses & Other Liabilities .............           518,956            564,418
                                                       -------------      -------------
Total Liabilities ................................       132,108,879        113,085,808
                                                       -------------      -------------
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Common Stock $4.17 Par Value, 10,000,000 .........         5,711,274          5,698,401
Shares Authorized; 1,369,610 Shares in 1997 and
   1,366,523 Shares in 1996 Issued and Outstanding
Additional Paid-in Capital .......................         5,458,898          5,447,009
Retained Earnings ................................         1,519,806            756,135
Unrealized Gain on Investments Available for Sale             23,945              8,114
                                                       -------------      -------------
Total Shareholders' Equity .......................        12,713,923         11,909,659
                                                       -------------      -------------
Total Liabilities and Shareholders' Equity .......     $ 144,822,802      $ 124,995,467
                                                       =============      =============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME                                For the Three Months Ended      For the Nine Months Ended
For the Period Ended September 30, 1997 and 1996                     1997            1996             1997           1996
                                                                 -----------     -----------     -----------     -----------
<S>                                                              <C>             <C>             <C>             <C>
INTEREST INCOME
Interest on Loans ..........................................     $ 2,205,896     $ 1,819,401     $ 6,344,591     $ 4,858,393
Interest on Securities Available for Sale ..................         204,980          75,530         545,294         225,538
Interest on Securities Held to Maturity ....................         261,357         202,270         697,115         678,979
Interest on Other Short Term Investments ...................          16,630           6,618          45,281          20,639
Interest on Federal Funds Sold .............................          87,147          77,455         230,946         174,329
                                                                 -----------     -----------     -----------     -----------
Total Interest Income ......................................       2,776,010       2,181,274       7,863,227       5,957,878
                                                                 -----------     -----------     -----------     -----------

INTEREST EXPENSE
Interest on Deposits .......................................       1,269,384       1,003,559       3,571,839       2,727,039
Interest on Obligation Under Capital Lease .................           4,181               0           4,181               0
                                                                 -----------     -----------     -----------     -----------
Total Interest Expense .....................................       1,273,565       1,003,559       3,576,020       2,727,039
                                                                 -----------     -----------     -----------     -----------

Net Interest Income ........................................       1,502,445       1,177,715       4,287,207       3,230,839
PROVISION FOR POSSIBLE LOAN LOSSES .........................          65,000          92,000         215,000         237,000
                                                                 -----------     -----------     -----------     -----------
Net Interest Income after Provision For Possible Loan Losses       1,437,445       1,085,715       4,072,207       2,993,839
                                                                 -----------     -----------     -----------     -----------

OTHER INCOME
Service Charges on Deposit Accounts ........................          60,907          42,686         167,801         121,695
(Loss) on the Sale of  Securities Available for Sale .......               0               0               0          (2,117)
Gain on the Sale of  Loans .................................          44,485          23,409          98,593          66,922
Other Income ...............................................          22,175          13,167          80,186          50,803
                                                                 -----------     -----------     -----------     -----------
Total Other Income .........................................         127,567          79,262         346,580         237,303
                                                                 -----------     -----------     -----------     -----------

OTHER EXPENSE
Salaries and Employee Benefits .............................         557,172         448,557       1,591,605       1,301,798
Occupancy Expense ..........................................         121,082         104,830         343,085         293,313
Equipment Expense ..........................................          76,386          62,119         225,419         176,772
Other Expenses .............................................         338,864         243,736         979,833         737,455
                                                                 -----------     -----------     -----------     -----------
Total Other Expense ........................................       1,093,504         859,242       3,139,942       2,509,338
                                                                 -----------     -----------     -----------     -----------

Net Income Before Provision for Income Taxes ...............         471,508         305,735       1,278,845         721,804
Provision for Income Taxes .................................         190,156         122,518         515,174         290,264
                                                                 -----------     -----------     -----------     -----------
NET INCOME .................................................     $   281,352     $   183,217     $   763,671     $   431,540
                                                                 ===========     ===========     ===========     ===========
NET INCOME PER SHARE .......................................     $      0.21     $      0.16     $      0.56     $      0.37
                                                                 ===========     ===========     ===========     ===========
WEIGHTED AVERAGE SHARES OUTSTANDING ........................       1,369,610       1,171,274       1,369,452       1,174,632
                                                                 ===========     ===========     ===========     ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
STATEMENTS OF CASH FLOW
For the Period Ended September 30,                                                  1997              1996
                                                                               ------------      ------------
<S>                                                                            <C>               <C>
OPERATING ACTIVITIES
Net Income ...............................................................     $    763,671      $    431,540
Adjustments to Reconcile Net Income to
   Net Cash Provided by Operating Activities:
Provision for Possible Loan Losses .......................................          215,000           237,000
Depreciation and Amortization ............................................          215,202           150,404
(Accretion) of Securities Premium/Discount ...............................          (14,871)          (52,472)
(Increase) in Other Assets ...............................................         (553,237)         (802,178)
(Decrease) Increase in Accrued Expenses and Other Liabilities ............          (53,618)           55,753
Increase (Decrease) in Unearned Income ...................................            9,462            (1,091)
                                                                               ------------      ------------
Net Cash Provided By Operating Activities ................................          581,609            18,956
                                                                               ------------      ------------

INVESTING ACTIVITIES
Proceeds from Sales of Securities Available for Sale .....................                0         1,996,160
Proceeds from Maturities of Securities
   Available for Sale ....................................................        2,149,985         2,775,010
   Held to Maturity ......................................................        8,424,262         7,652,535
Purchases of Securities
   Available for Sale ....................................................       (7,236,392)       (6,709,713)
   Held to Maturity ......................................................      (12,235,956)       (7,371,789)
(Increase) in Loans ......................................................       (8,418,483)      (23,457,923)
Decrease in Other Real Estate ............................................          304,700                 0
Capital Expenditures .....................................................         (785,358)         (267,889)
                                                                               ------------      ------------
Net Cash Used for Investing Activities ...................................      (17,797,242)      (25,383,609)
                                                                               ------------      ------------

FINANCING ACTIVITIES
Net Increase in Demand Deposits ..........................................        4,906,401         5,934,849
Net Increase in Savings Deposits .........................................        1,517,713         2,347,276
Net Increase in Money Market Deposits ....................................        3,666,463         2,919,737
Net Increase in Time Deposits ............................................        8,532,956        16,798,348
Increase in Obligation Under Capital Lease................................          445,000                 0
Increase (Decrease) in Common Stock from late acceptance of exchange offer           24,762           (81,938)
                                                                               ------------      ------------
Net Cash Provided by Financing Activities ................................       19,093,295        27,918,272
                                                                               ------------      ------------

Increase in Cash and Cash Equivalents, Net ...............................        1,877,662         2,553,619
Cash and Cash Equivalents, Beginning of Year .............................       12,128,176         7,984,940
                                                                               ------------      ------------
Cash and Cash Equivalents, End of Period .................................     $ 14,005,838      $ 10,538,559
                                                                               ============      ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION
Cash Paid During the Year for Interest ...................................     $  3,504,910      $  2,685,545
                                                                               ============      ============
Cash Paid During the Year for Federal Income Taxes .......................     $    577,562      $    240,000
                                                                               ============      ============
</TABLE>
<PAGE>
                          SVB FINANCIAL SERVICES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                         September 30, 1997 (UNAUDITED)


1. SVB Financial Services,  Inc., (the "Company"),  a bank holding company,  was
incorporated on February 7, 1996 with authorized capital of 10,000,000 shares of
$4.17 par value common  stock.  On September 3, 1996,  the Company  acquired 100
percent of the shares of  Somerset  Valley  Bank (the  "Bank") by  exchanging  6
shares of its Common Stock for each 5 shares of the Bank. This exchange has been
accounted for as a reorganization of entities under common control, similar to a
pooling of interests,  which resulted in no changes to the  underlying  carrying
amounts of assets and liabilities.

         The  consolidated   financial  statements  included  herein  have  been
prepared  without  an  audit  pursuant  to  the  rules  and  regulations  of the
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial  statements prepared in accordance with generally
accepted  accounting  principles  have been  omitted  pursuant to such rules and
regulations.   The  accompanying  condensed  consolidated  financial  statements
reflect all adjustments which are, in the opinion of management,  necessary to a
fair  statement  of  the  results  for  the  interim  periods  presented.   Such
adjustments  are of a normal  recurring  nature.  These  consolidated  condensed
financial  statements  should be read in conjunction with the audited  financial
statements  and the  notes  thereto.  The  results  for the  nine  months  ended
September  30, 1997 are not  necessarily  indicative  of the results that may be
expected for the year ended December 31, 1997.

         The consolidated  financial statements include the accounts of Somerset
Valley Bank. All significant  inter-company  accounts and transactions have been
eliminated.

2.       Loans

         At  September  30,  1997  and  December  31,  1996 the  composition  of
outstanding loans is summarized as follows:
<TABLE>
<CAPTION>

                                               September 30,   December 31,
                                                   1997            1996
                                               -----------     -----------
<S>                                            <C>             <C>
      Secured by Real Estate:
         Residential Mortgage ............     $31,760,723     $28,023,269
         Commercial Mortgage .............      27,374,148      23,690,659
         Construction ....................       3,523,987       2,289,233
      Commercial and Industrial ..........      15,769,573      17,135,417
      Loans to Individuals ...............       5,056,156       3,456,425
      Loans to Individuals for Automobiles      12,645,385      13,260,060
      Other Loans to Individuals .........          83,245            --
                                               -----------     -----------
                                               $96,213,217     $87,855,063
                                               ===========     ===========
</TABLE>
         There were no loans restructured during 1997 or 1996. Loans past due 90
days or more and still  accruing  totaled  $56,127  at  September  30,  1997 and
$20,600 at December 31, 1996. Loans in a non-accrual  status totaled $192,412 at
September 30, 1997 and $24,384 at December 31, 1996.
<PAGE>
  3.     Allowance for Possible Loan Losses

         The  allowance  for  possible  loan  losses is based on  estimates  and
ultimate  losses  may vary  from the  current  estimates.  These  estimates  are
reviewed periodically and as adjustments become necessary, they are reflected in
operations  in the  period  in which  they  become  known.  An  analysis  of the
allowance for possible loan losses is as follows:
<TABLE>
<CAPTION>
                                            September 30,   December 31,
                                                1997           1996
                                             ---------      ---------
<S>                                          <C>            <C>

         Balance January 1, ............     $ 783,366      $ 527,019
         Provision charged to Operations       215,000        309,500
         Charge Offs ...................       (64,606)       (57,593)
         Recoveries ....................         4,277          4,440
                                             ---------      ---------
         Balance End of Period .........     $ 938,037      $ 783,366
                                             =========      =========
</TABLE>

4.       New Accounting Pronouncement

         The FASB has issued  Statement of Financial  Accounting  Standards  No.
128,  Earnings Per Share,  which is effective  for financial  statements  issued
after  December 15, 1997.  Early  adoption of the new standard is not permitted.
The new standard  eliminates  primary and fully  diluted  earnings per share and
requires  presentation  of basic and diluted  earnings per share  together  with
disclosure of how the per share amounts were computed.  The adoption of this new
standard is not expected to have a material impact on the disclosure of earnings
per share in the financial statements.




ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS
              AND RESULTS OF OPERATIONS

         Net income for the first nine months of 1997 was $763,671,  an increase
of $332,131 or 77% as  compared to the same period in 1996.  Earnings  per share
were $.56 in 1997 as compared to $.37 in 1996.  Net income for the third quarter
of 1997 was $281,352  which was $30,526  higher than the second  quarter of 1997
and  $98,135 or 54% higher  than the third  quarter of 1996.  An increase in net
interest  income,  more fully  described  below,  of $1.1  million was the chief
contributor to the increase in earnings.

         A detailed discussion of the major components of net income follows:

Net Interest Income

         Net  interest  income for the first nine months of 1997 was  $4,287,207
compared to $3,230,839 in 1996, an increase of $1,056,368 or 33%.
<PAGE>
         Almost all of the increase can be  attributed to an increase in average
earnings assets.  Average earnings assets for the first nine months of 1997 were
$127.2 million an increase of $30.9 million or 32% from the first nine months of
1996.  Loans  accounted for almost 72% of this increase as loans  averaged $93.2
million during the nine months.  The increase in loan balances  caused  interest
income to increase  $1.5 million  while a decline in the yield on loans  reduced
interest income $35.6  thousand.  The decline in the yield on loans was due to a
change in the mix of the loan  portfolio,  in  particular,  consumer  automobile
loans purchased from auto dealerships at rates lower than the Company's  overall
return.

         Overall,  interest  income  increased $1.9 million.  Almost all of this
amount was due to the increase an average balances.  The yield on earning assets
was 8.26% for 1997 and a 8.27% for 1996.

         The overall cost of  interest-bearing  liabilities  increased  slightly
from 4.68% to 4.70%. The Company had several deposit promotions during the third
quarter  of 1997 to help  introduce  the  opening  of  their  second  branch  in
Bridgewater Township.  This increase was offset with an increase in non-interest
sources of funds (capital and demand  deposits) of $8.5 million which helped the
cost of funding  earning assets to drop from 3.79% to 3.76%.  The combination of
the decrease in the yield on earning assets and the decrease in the cost to fund
earning assets resulted in a net interest margin of 4.50% for 1997 and 4.48% for
1996.

Provision for Loan Possible Losses

         The  provision  for possible loan losses was $215,000 in the first nine
months  of 1997 as  compared  to  $237,000  in the  first  nine  months of 1996.
Although there has been an increase in past due and non-accrual loans (see Asset
Quality),  the decrease in the  provision  is mostly  related to the slowdown in
growth of  outstanding  loans.  Total gross loans have increased $8.4 million or
10% since  December 31, 1996 and $12.7  million or 15% since  September 30, 1996
and decreased $77.8 thousand since last quarter.

Other Income

         During the first nine months of 1997, other income  increased  $109,277
or 46% over the same period in 1996.  Gains on the sale of loans  accounted  for
$31,671 of the increase.  The Company is a preferred SBA lender and, as such, it
originates  SBA  loans  and  sells the  government  guaranteed  portions  in the
secondary  market while retaining the servicing.  The amount of gains recognized
on SBA loans is dependent on the volume of new SBA loans generated each quarter.
The amounts can vary greatly from quarter to quarter and from year to year.

         Service charges on deposit accounts  increased  $46,106 or 38% from the
same  period  last year.  The growth in the number of  commercial  and  consumer
checking accounts resulted in increased overdraft,  account maintenance and wire
transfer fees.

         Other income increased  $29,383 or 58% as a result of increased Letters
of Credit fees and servicing fees for SBA loans.
<PAGE>
Other Expense

         Other  expenses for the nine months ended  September 30, 1997 increased
$630,604  or 25% from the same  period  in 1996.  In July of 1997,  the  Company
opened its second branch office in Bridgewater Township.  Expenses were impacted
by additional  personnel,  occupancy  costs,  and other expenses  related to the
opening of a new branch.  In 1996, the Company opened its first branch office in
Hillsborough  Township  during  the first  quarter  and  moved  its  back-office
operations to additional space it was leasing in Hillsborough  during the second
quarter.  The full  impact of these two items was not felt in the first  half of
1996. Consequently, total assets have grown $27.7 million or 24% since September
30, 1996.  Because of the growth in assets and the new Bridgewater  office,  the
Company has had to hire  additional  personnel  to better  service its  customer
base.  These additions  combined with normal salary  increases caused salary and
benefits expense to increase $289,807 or 22% from last year.  Additional rent on
the Bridgewater  location and depreciation on improved  facilities resulted in a
$49,772 or 17%  increase  in  occupancy  expenses.  The Company has also made an
investment in a new computer  network in order to improve  efficiency and remain
current with technology. These purchases as well as other purchases of equipment
for new employees  increased  equipment  expense  $48,647 or 28% from last year.
Other  expenses  increased from last year $242,378 or 33%. Much of this increase
was  related  to the  growth of the  Company  which  affected  many  areas,  but
especially examination and data processing costs. Costs of $13,373 were incurred
to maintain the Company's other real estate owned,  which was disposed of in the
third quarter of 1997. There was a decline in marketing and business development
costs  because last year's  expenses  included the grand  opening  costs for the
Hillsborough office and the full impact of the opening of the Bridgewater office
did not occur in the third  quarter of 1997.  The  Company  is also  introducing
several new products  which will impact these  expenses in the fourth quarter of
1997. Directors' fees expense increased by $41,131.

Financial Condition
September 30, 1997 compared to December 31, 1996

         Total assets  increased  $19.8  million or 16% from  December 31, 1996.
Total  loans  grew $8.4  million.  Most of the  growth in loans  ($8.6  million)
occurred  in loans  secured by real estate  with the  biggest  increases  in the
residential and commercial  mortgage loan  portfolios.  Loans to individuals for
automobiles,  which had experienced  significant growth over the past two years,
declined by $0.6 million.  The current  interest  rates earned on these loans in
relation  to  competition  has caused the  Company  to not be as  aggressive  in
generating new automobile loans.

         Deposits  increased  $18.6 million or 17% during the first nine months.
All deposit  categories  increased with the largest  increase of $6.6 million in
the time deposits less than $100,000 category.

         Investment  securities increased $8.9 million. The increase in deposits
coupled  with  the  timing  of loan  growth  generated  additional  investments.
Investments  available for sale increased $5.1 million from December 31, 1996 to
provide liquidity for impending loan growth.

Asset Quality

         Loans past due 90 days or more and still accruing totaled $56,127 as of
September  30, 1997 and $20,600 at December  31, 1996 and  represented  .06% and
 .02%  of  total  loans  as  of  September   30,  1997  and  December  31,  1996,
respectively.
<PAGE>
         Loans in a non-accrual  status  totaled  $192,412 at September 30, 1997
and $24,384 at December 31, 1996 and represented .21% and .03% of total loans as
of September 30, 1997 and December 31, 1996, respectively.

         The Company had no other real estate owned at September 30, 1997.

Allowance for Possible Loan Losses

         The  allowance  for  possible  loan  losses  is  maintained  at a level
considered  adequate  to provide for  potential  loan  losses.  The level of the
allowance  is  based on  management's  evaluation  of  potential  losses  in the
portfolio,  after  consideration  of  risk  characteristics  of  the  loans  and
prevailing and anticipated  economic  conditions.  The allowance is increased by
provisions charged to expense and reduced by charge-offs, net of recoveries.

         At September 30, 1997,  the allowance for loans losses was $938,037 and
represented .97% of total loans and 377% of non-performing  loans compared to an
allowance  for loan  losses at  December  31,  1996 of $783,366 or .89% of total
loans and 1,741% of non-performing loans at December 31, 1996.

         Charge-offs for the first nine months of 1997 totaled $64,606  compared
to $51,043 for the year ended December 31, 1996.

Capital Resources

         Total  Shareholders'  Equity was  $12,713,923  at  September  30,  1997
compared to $11,909,659 at December 31, 1996.

         Under the FDIC  Improvement Act of 1991, banks are required to maintain
a minimum ratio of total capital to risk based assets of 8% of which at least 4%
must be in the form of Tier I  Capital  (primarily  Shareholders'  Equity).  The
following are the Company's capital ratios at the end of the periods indicated.
<TABLE>
<CAPTION>

                                                     September 30,    December 31,
                                                         1997            1996
                                                         ----            ----
<S>                                                     <C>             <C>
          Tier I Capital to Risk Weighted Assets        11.81%          12.56%
          Total Capital to Risk Weighted Assets         12.71%          13.40%
          Leverage Ratio .......................         8.80%           9.58%
</TABLE>

Liquidity

         Cash and cash  equivalents  totaled $14.0 million at September 30, 1997
an increase of $1.9 million.

         The increase in Cash and Cash Equivalents was primarily attributable to
an  increase  in  deposits  which  contributed  to an  increase in cash used for
financing  activities of $19.1 million.  Time deposits  experienced  the largest
increase for the nine month period of $8.5 million.

         The  increase  in  financing  activities  was offset by an  increase in
investing  activities of $17.8  million.  The investing  activities for the nine
months  of 1997  were in the form of  loans  ($8.4  million)  and  purchases  of
securities  ($19.4  million).   Security   purchases  were  offset  by  security
maturities of $10.6 million.
<PAGE>
                            PART II-OTHER INFORMATION



Item 1   -        Legal Proceedings

                  The  Company is party in the  ordinary  course of  business to
                  litigation involving  collection matters,  contract claims and
                  other   miscellaneous   causes  of  action  arising  from  its
                  business.  Management does not consider that such  proceedings
                  depart from usual routine litigation and, in its judgment, the
                  Company's  financial  position and results of operations  will
                  not be affected materially by such proceedings.

Item 2   -        Changes in Securities

                  None.

Item 3   -        Defaults upon Senior Securities

                  None.

Item 4   -        Submission of Matters to a Vote of Security Holders

                  None.

Item 5   -        Other Information

                  None.

Item 6   -        Exhibits and Reports on Form 8-K

           (a)    Exhibits

          3(i)    Articles of Incorporation

                  Certificate of Incorporation of the Company is incorporated by
                  reference to the Company's Registration Statement on Form SB-2
                  File Number 333-12305 Amendment No. 2, Filed November 4, 1996.

         3(ii)    Bylaws

                  Bylaws of the Company are  incorporated  by  reference  to the
                  Company's   Registration  Statement  on  Form  SB-2  File  No.
                  333-12305 Amendment No. 2, Filed November 4, 1996.

          (27)    Financial Data Schedule

           (b)    Reports on Form 8-K

                  A report on Form 8-K was filed  during the  second  quarter of
                  1997  under  Item  4  "Change   in   Registrant's   Certifying
                  Accountants."


<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 thereunto duly authorized.




                                                  SVB FINANCIAL SERVICES, INC.
                                                  (Registrant)




Dated:   November 6, 1997                         By:   /s/ Keith B. McCarthy
                                                        ---------------------
                                                        Keith B. McCarthy
                                                        Executive Vice President
                                                        Chief Accounting Officer