UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

For the quarterly period ended June 30, 2000

                                       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: 000-22407

                          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.)

70 East Main Street, Somerville, New Jersey                 08876
(Address of principal executive officers)                 (Zip Code)

                                 (908) 541-9500
              (Registrant's telephone number, including area code)


              58-72 East Main Street, Somerville, New Jersey 08876
   (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

As of August 3, 2000,  there were  2,958,526  shares of common stock,  $2.09 par
value outstanding.

<PAGE>

                          SVB FINANCIAL SERVICES, INC.
                          ----------------------------

                                   FORM 10-QSB

                                      INDEX


PART I     -    FINANCIAL INFORMATION

ITEM 1     -    Financial Statements and Notes to Consolidated Financial
                Statements

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

PART II    -    OTHER INFORMATION

ITEM 1     -    Legal Proceedings

ITEM 2     -    Changes in Securities

ITEM 3     -    Defaults Upon Senior Securities

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

ITEM 6     -    Exhibits and Reports on Form 8-K


SIGNATURES

<PAGE>

SVB FINANCIAL SERVICES, INC.
CONSOLIDATED BALANCE SHEET
June 30, 2000 and December 31, 1999

<TABLE>
<CAPTION>
                                                                June 30,          December 31,
                                                                  2000               1999
                                                           ------------------ ------------------
                                                               (Unaudited)
(in thousands)
ASSETS
<S>                                                         <C>                 <C>
Cash & Due from Banks                                             $ 11,392          $  7,028
Federal Funds Sold                                                   6,050             2,400
Other Short Term Investments                                            56                 -
                                                           ------------------ ------------------
Total Cash and Cash Equivalents                                     17,498             9,428
                                                           ------------------ ------------------
Interest Bearing Time Deposits                                       7,086             5,283

Securities

   Available for Sale, at Fair Value                                27,413            26,377
   Held to Maturity                                                  4,503             5,122
   Equity Securities                                                   839               839
                                                           ------------------ ------------------
Total Securities                                                    32,755            32,338
                                                           ------------------ ------------------

Loans                                                              165,700           153,151
   Allowance for Loan Losses                                        (1,690)           (1,550)
   Unearned Income                                                    (165)             (176)
                                                           ------------------ ------------------
Net Loans                                                          163,845           151,425
                                                           ------------------ ------------------
Premises & Equipment, Net                                            4,839             4,789
Other Assets                                                         3,328             2,844
                                                           ------------------ ------------------
Total Assets                                                      $229,351          $206,107
                                                           ================== ==================

LIABILITIES & SHAREHOLDERS' EQUITY

LIABILITIES

Deposits
Demand

   Non-interest Bearing                                           $ 38,075          $ 32,020
   NOW Accounts                                                     35,339            27,025
Savings                                                             17,730            16,618
Money Market Accounts                                               26,385            25,446
Time
   Greater than $100,000                                            13,171            13,486
   Less than $100,000                                               81,335            74,967
                                                           ------------------ ------------------
Total Deposits                                                     212,035           189,562
                                                           ------------------ ------------------

Obligation Under Capital Lease                                         429               432
Other Liabilities                                                      843               749
                                                           ------------------ ------------------
Total Liabilities                                                  213,307           190,743
                                                           ------------------ ------------------
SHAREHOLDERS' EQUITY

Common Stock $2.09 Par Value: 20,000,000                             6,184             6,158
   Shares Authorized; 2,958,526 Shares in 2000 and
   2,946,556 Shares in 1999 Issued and Outstanding
Additional Paid-in Capital                                           6,536             6,496
Retained Earnings                                                    3,826             3,215
Accumulated Other Comprehensive Loss                                  (502)             (505)
                                                           ------------------ ------------------
Total Shareholders' Equity                                          16,044            15,364
                                                           ------------------ ------------------
Total Liabilities and Shareholders' Equity                        $229,351          $206,107
                                                           ================== ==================
</TABLE>

<PAGE>

SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                                              For the Three Months Ended             For the Six Months Ended
For the Period Ended June 30,                                   2000               1999                2000             1999
                                                          -----------------  ------------------  ------------------  -------------
(in thousands)                                               (Unaudited)        (Unaudited)          (Unaudited)      (Unaudited)


INTEREST INCOME
<S>                                                                <C>                 <C>              <C>               <C>
Loans                                                              $ 3,716             $ 2,806          $ 7,126           $ 5,428
Securities Available for Sale                                          419                 366              814               678
Securities Held to Maturity                                             70                 124              143               328
Dividends on Equity Securities                                          10                   0               20                 0
Other Short Term Investments                                             1                   1                1               139
Interest Bearing Time Deposits                                         106                  76              194                 9
Federal Funds Sold                                                      66                  74              139               158
                                                         -----------------  ------------------  ------------------  -------------
Total Interest Income                                                4,388               3,447            8,437             6,740
                                                         -----------------  ------------------  ------------------  -------------

INTEREST EXPENSE

Deposits                                                             1,875               1,461            3,610             2,929
Federal Funds Purchased                                                  0                   1                0                 2
Obligation Under Capital Lease                                           9                   9               18                18
                                                         -----------------  ------------------  ------------------  -------------
Total Interest Expense                                               1,884               1,471            3,628             2,949
                                                         -----------------  ------------------  ------------------  -------------

Net Interest Income                                                  2,504               1,976            4,809             3,791
PROVISION FOR LOAN LOSSES                                               85                 100              180               180
                                                         -----------------  ------------------  ------------------  -------------
Net Interest Income after Provision For Loan Losses                  2,419               1,876            4,629             3,611
                                                         -----------------  ------------------  ------------------  -------------

OTHER INCOME

Service Charges on Deposit Accounts                                    136                  92              258               172
Gains on the Sale of Loans                                               6                  51               72                84
Losses on the Sale of Securities Available for Sale                      0                  (6)               0                (5)
Other Income                                                            57                  39              112                90
                                                         -----------------  ------------------  ------------------  -------------
Total Other Income                                                     199                 176              442               341
                                                         -----------------  ------------------  ------------------  -------------

OTHER EXPENSE

Salaries and Employee Benefits                                       1,034                 794            2,031             1,537
Occupancy Expense                                                      312                 210              612               413
Equipment Expense                                                      127                 106              234               207
Other Expenses                                                         602                 493            1,223               930
                                                         -----------------  ------------------  ------------------  -------------
Total Other Expense                                                  2,075               1,603            4,100             3,087
                                                         -----------------  ------------------  ------------------  -------------

Income Before Provision for Income Taxes                               543                 449              971               865
Provision for Income Taxes                                             206                 168              360               316
                                                         -----------------  ------------------  ------------------  -------------
Net Income                                                         $   337             $   281          $   611           $   549
                                                         =================  ==================  ==================  =============

EARNINGS PER SHARE - Basic (1)                                       $0.11               $0.10            $0.21             $0.19
                                                         =================  ==================  ==================  =============
EARNINGS PER SHARE - Diluted (1)                                     $0.11               $0.10            $0.20             $0.18
                                                         =================  ==================  ==================  =============
</TABLE>

(1)  Amounts have been restated for stock splits and stock dividends.

<PAGE>

SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
For the Period Ended June 30,

<TABLE>
<CAPTION>
                                                   For the Three Months Ended              For the Six Months Ended
                                                     2000              1999                 2000              1999
                                               ----------------  ----------------     ----------------  ---------------
(in thousands)                                    (Unaudited)      (Unaudited)          (Unaudited)       (Unaudited)

<S>                                                  <C>               <C>                <C>                <C>
Net Income                                           $ 337             $ 281              $  611             $  549
Other Comprehensive Income, Net of Tax
   Unrealized Gains/(Losses) Arising in
   the Period                                           68              (256)                  3               (327)
                                               ----------------  ----------------     ----------------  ---------------
Comprehensive Income                                 $ 405             $  25              $  614             $  222
                                               ================  ================     ================  ===============
</TABLE>

<PAGE>

SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOW
For the Period Ended June 30,

<TABLE>
<CAPTION>
                                                                     2000                1999
                                                              ------------------- ------------------
(in thousands)                                                    (Unaudited)        (Unaudited)

OPERATING ACTIVITIES
<S>                                                             <C>                   <C>
Net Income                                                       $      611            $      549
Adjustments to Reconcile Net Income to
   Net Cash Provided by Operating Activities:
Provision for Loan Losses                                               180                   180
Depreciation and Amortization                                           280                   219
Amortization/( Accretion) of Securities Discount                          5                   (33)
Losses on the Sale of Securities Available for Sale                       0                     5
Gains on the Sale of Loans                                              (72)                  (84)
(Increase)/Decrease in Other Assets                                    (491)                   16
Increase/(Decrease) in Other Liabilities                                 94                   (46)
(Decrease)/Increase in Unearned Income                                  (11)                   21
                                                           -------------------    ------------------
Net Cash Provided By Operating Activities                               596                   827
                                                           -------------------    ------------------

INVESTING ACTIVITIES
Increase in Interest Bearing Time Deposits                           (1,803)               (1,593)
Proceeds from Sale of Securities Available for Sale                       0                 4,006
Proceeds from Maturities of Securities
   Available for Sale                                                 1,954                 3,504
   Held to Maturity                                                   1,093                12,200
Purchases of Securities
   Available for Sale                                                (2,991)              (11,841)
   Held to Maturity                                                    (475)               (3,797)
Increase in Loans, Net                                              (12,517)              (14,280)
Capital Expenditures                                                   (323)               (1,089)
                                                           -------------------    ------------------
Net Cash Used for Investing Activities                              (15,062)              (12,890)
                                                           -------------------    ------------------
FINANCING ACTIVITIES
Net Increase in Demand Deposits                                      14,369                 9,577
Net Increase in Savings Deposits                                      1,112                   669
Net Increase in Money Market Deposits                                   939                 2,635
Net Increase in Time Deposits                                         6,053                   484
Decrease in Obligation Under Capital Lease                               (3)                   (3)
Proceeds from the Issuance of Common Stock, Net                          66                    65
                                                           -------------------    ------------------
Net Cash Provided by Financing Activities                            22,536                13,427
                                                           -------------------    ------------------

Increase in Cash and Cash Equivalents                                 8,070                 1,364
Cash and Cash Equivalents, Beginning of Year                          9,428                19,648
                                                           -------------------    ------------------
Cash and Cash Equivalents, End of Period                         $   17,498            $   21,012
                                                           ===================    ==================
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
  INFORMATION

Cash Paid During the Period for Interest                         $    3,592            $    2,944
                                                           ===================    ==================
Cash Paid During the Period for Federal Income Taxes             $      395            $      360
                                                           ===================    ==================
</TABLE>

<PAGE>

                          SVB FINANCIAL SERVICES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                            June 30, 2000 (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.  Effective  April 16,  1998,  the  Company
declared a 2 for 1 stock split,  resulting  in a $2.09 par value  common  stock.
Effective November 19, 1999, the Company paid a 5% stock dividend. All financial
statements have been restated to reflect this.

     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 six months  ended  June 30,  2000 are not
necessarily  indicative  of the results  that may be expected for the year ended
December 31, 2000.

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

2.   Loans

     At June 30, 2000 and December 31, 1999 the composition of outstanding loans
is summarized as follows:

                                                June 30,         December 31,
                                                  2000              1999
                                              -----------       -------------
  (in thousands)
  Secured by Real Estate:
     Residential Mortgage                       $ 44,596         $  41,727
     Commercial Mortgage                          44,776            48,349
     Construction                                 10,780            11,943
  Commercial and Industrial                       44,351            32,628
  Loans to Individuals for Automobiles             7,055             7,907
  Loans to Individuals                            13,581            10,062
  Other Loans                                        561               535
                                               ----------       -------------
                                                $165,700         $ 153,151
                                               ==========       =============


     There were no loans  restructured  during 2000 or 1999. There were no loans
past due 90 days or more and still  accruing at June 30, 2000 or at December 31,
1999.  Loans in a  non-accrual  status  totaled  $552,000  at June 30,  2000 and
$692,000 at December 31, 1999.

<PAGE>

3.   Allowance for Loan Losses

     The allowance for 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 loan losses is as
follows:

                                          Six months
                                            Ended              Year Ended
                                           June 30,           December 31,
                                             2000                 1999
   (in thousands)                       ---------------      --------------
   Balance January 1,                      $ 1,550              $ 1,211
   Provision Charged to Operations             180                  440
   Charge Offs                                 (51)                (115)
   Recoveries                                   11                   14
                                        ---------------      --------------
   Balance End of Period                   $ 1,690              $ 1,550
                                        ===============      ==============

4.   New Accounting Pronouncement

     In June 1998,  SFAS No. 133,  "Accounting  for Derivative  Instruments  and
Hedging  Activity." was issued.  Subsequent to this statement,  SFAS No. 137 was
issued,  which  amended  the  effective  date of SFAS No.  133 to be all  fiscal
quarters  of all  fiscal  years  beginning  after  June 15,  2000.  Based on the
Company's  minimal use of derivatives at the current time,  management  does not
anticipate  the  adoption  of SFAS No.  133 will  have a  significant  impact on
earnings or the  financial  position of the  Company.  However,  the impact from
adopting  SFAS No. 133 will depend on the nature and  purpose of the  derivative
instruments in use by the Company at that time.

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

     Management of SVB Financial Services,  Inc. (the "Company") is not aware of
any known  trends,  events  or  uncertainties  that will have or are  reasonably
likely to have a material effect on the Company's  liquidity,  capital resources
or results of operations.  The following  discussion and analysis should be read
in  conjunction  with  the  detailed  information  and  consolidated   financial
statements,  including  notes thereto,  included  elsewhere in this report.  The
consolidated  financial  condition  and results of operations of the Company are
essentially those of the Bank. Therefore,  the analysis that follows is directed
to the  performance  of the  Bank.  Such  financial  condition  and  results  of
operations are not intended to be indicative of future performance.

     In  addition  to  historical  information,  this  discussion  and  analysis
contains forward-looking  statements.  The forward-looking  statements contained
herein are subject to certain  risks and  uncertainties  that could cause actual
results  to  differ  materially  from  those  projected  in the  forward-looking
statements.  Important factors that might cause such a difference  include,  but
are not limited  to,  those  discussed  in the  section  entitled  "Management's
Discussion  and  Analysis of  Financial  Condition  and Results of  Operations."
Readers  are  cautioned  not to place undue  reliance  on these  forward-looking
statements,  which reflect  management's  analysis only as the date hereof.  The
Company   undertakes  no   obligation   to  publicly   revise  or  update  these
forward-looking  statements to reflect events or circumstances  that arise after
the date hereof.

<PAGE>

Non Banking Products and Affiliations
-------------------------------------

     The  Company  has  formed  a  joint  venture  subsidiary,  Somerset  Valley
Financial LLC, with  International  Planning  Alliance of Somerset,  New Jersey.
This  arrangement  will allow the Bank to share in revenues  through the sale of
life insurance,  medical insurance,  financial planning,  executive benefits and
retirement  products.  Currently,  five  Bank  employees  are  licensed  to sell
insurance.

     Additionally,  the Company  has entered  into an  agreement  with  National
Discount  Brokers to provide an Internet  link that will enable our customers to
carry out  discounted  trading from our website.  The Company  shares in revenue
based on the number of users as well as transaction volume.

Results of Operation
--------------------

     Net income for the first six months of 2000 was  $611,000,  an  increase of
$62,000 or 11% as compared to the same period in 1999.  Earnings per share-Basic
were $.21 in 2000 and $.19 in 1999.  Earnings  per share-  Diluted  were $.20 in
2000 and $.18 in 1999.

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

Net Interest Income
-------------------

     Net  interest  income  for the  first six  months of 2000 was $4.8  million
compared to $3.8 million in 1999, an increase of $1.0 million or 27%.

     Almost all of the  increase  can be  attributed  to an  increase in average
earnings  assets.  Average  earning assets for the first six months of 2000 were
$202.3  million an increase of $26.4 million or 15% from the first six months of
1999.  Loans averaged  $159.3 million during the six months of 2000, an increase
of $31.0  million from the same period last year.  The increase in loan balances
caused  interest  income to increase $1.4  million.  Partially  offsetting  this
increase,  securities  averaged $31.9  million,  a decrease of $3.5 million from
1999. The yield on loans increased from 8.53% in 1999 to 9.00% for the first six
months of 2000.  This was the result of an increase  of 175 basis  points in the
prime rate  since the  second  quarter of 1999.  The  increase  in yield  caused
interest  income  on  loans  to  increase  $314,000.  Overall,  interest  income
increased $1.7 million.  The yield on earning assets was 8.39% in 2000 and 7.73%
for 1999.

     The overall cost of  interest-bearing  liabilities  increased from 4.21% to
4.34%.  Average interest bearing deposits increased $26.9 million during the six
months of 2000 to $167.6  million,  of which time deposits  accounted for 37% of
this  increase.  The increase in deposits  caused  interest  expense to increase
$495,000.  Overall,  interest expense increased $679,000 and the cost of funding
earning assets increased from 3.38% in 1999 to 3.61% in 2000.

     The net  result of the  change  in net  interest  income  for the first six
months  of 2000  versus  the first six  months of 1999 was an  increase  of $1.0
million. The net interest margin increased 43 basis points from 4.35% to 4.78%.

Provision for Loan Losses
-------------------------

     The  provision for loan losses was $180,000 in the first six months of 2000
as well as 1999.

<PAGE>

Other Income
------------

     The Company has placed an  emphasis  on  improving  its fee income over the
past twelve months.

     During the first six months of 2000, other income increased $101,000 or 30%
over the same  period in 1999.  Service  charges on deposit  accounts  increased
$86,000  or 50% from the same  period  last  year.  The  growth in the number of
commercial  and  consumer  checking  accounts as well as a change in the service
charge pricing  structure  contributed to the additional  service charge income.
Foreign  transaction  fees at the Company's  ATM machines and service  charge on
personal checking accounts  accounted for 23% and 18% of the increase in service
charges respectively.

     Gains  on the  sale  of SBA  loans  decreased  $30,000.  The  Company  is a
preferred SBA lender and, as such, 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 Company also earned $18,000 for the sale of
mortgage loans.  Overall,  gains on the sale of loans decreased  $12,000.  These
amounts  can vary  greatly  from  quarter  to  quarter  and  from  year to year.
Offsetting  the  decrease in loan sales,  fees  related to the  servicing of SBA
loans as described increased 31% over the same period for last year.

     Other income  increased  $22,000 or 24%  compared to 1999.  Visa/MasterCard
processing income represents 48% of the increase.

Other Expense
-------------

     Other  expenses  for the six months  ended  June 30,  2000  increased  $1.0
million or 33% from the same period in 1999.  During the first  quarter of 2000,
the Company opened two new branches, one located on State Highway 34 in Aberdeen
and one on Allen Road in Bernards.  Expenses  directly charged to the opening of
these branches exceeded  $375,000 in the six months of 2000. In addition,  total
assets  have grown  $30.5  million or 15% since  June 30,  1999.  Because of the
growth in assets and the addition of branches,  the Company has also had to hire
additional  lending and  back-office  personnel  to better  service its customer
base.  These additions  combined with normal salary  increases caused salary and
benefits  expense to increase  $494,000 or 32% from last year. Rent on the newly
opened  locations  and the  relocation  of the  executive  offices and operation
center in the last quarter of 1999 coupled with increased  depreciation on other
facilities resulted in a $199,000 or 48% increase in occupancy  expenses.  Other
expenses increased  $293,000 or 32% over the same period last year.  Included in
this are the following items.  Outside services and data processing increased by
$145,000 or 39% over the six months last year.  Included  in this  increase  are
website  expenses of $6,000.  Purchases  of supplies for new  employees  and the
additional  branches  increased  supplies expense $24,000 or 23% from last year.
Advertising and business  development expenses increased $55,000 or 55%. Most of
this  increase  was  related to the opening of the two new  branches  during the
first quarter of 2000.

Financial Condition
June 30, 2000 compared to December 31, 1999
-------------------------------------------

     Total assets  increased $23.2 million or 11% from December 31, 1999.  Total
loans  increased  $12.5  million.  Loans secured by real estate  decreased  $1.9
million.  Commercial  mortgages and construction loans decreased by $3.6 million
and $1.2 million respectively.  Offsetting this, residential mortgages increased
by $2.9 million and other  commercial  loans increased $11.7 million as a result
of increased demand and economic growth in the central New Jersey area. Loans to
individuals increased $2.7 million.

<PAGE>

     Deposits  increased  $22.5  million  or 12%  during the first six months of
2000. Most categories of deposits  improved during this period with NOW accounts
growing by $8.3 million  followed by certificates of deposits less than $100,000
accounts  growing  by $6.4  million.  The  Company  prices its  certificates  of
deposits aggressively in relation to its competition.

     Investment securities increased $400,000 for the period.

Asset Quality
-------------

     There were no loans past due 90 days or more and still  accruing as of June
30, 2000 or December 31, 1999.

     Loans  in a  non-accrual  status  totaled  $552,000  at June  30,  2000 and
$692,000 at December 31, 1999 and represented .33% of total loans as of June 30,
2000 and .45% as of December 31, 1999.

     The Company had no other real estate owned at June 30, 2000.

Allowance for Loan Losses
-------------------------

     The allowance for 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 June 30,  2000,  the  allowance  for loans  losses  was  $1,690,000  and
represented 1.02% of total loans and 306.16% of non-performing loans compared to
an  allowance  for loan losses at December  31, 1999 of  $1,550,000  or 1.01% of
total loans and 223.99% of non-performing loans at December 31, 1999.

     Charge-offs  for the first six months of 2000 totaled  $51,000  compared to
$115,000 for the year ended December 31, 1999.

Capital Resources
-----------------

     Total  Shareholders'  Equity was  $16,044,000  at June 30, 2000 compared to
$15,364,000 at December 31, 1999.

     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.

                                             June 30,        December 31,
                                               2000              1999
                                          --------------    --------------
Tier I Capital to Risk Weighted Assets         8.59%             9.21%
Total Capital to Risk Weighted Assets          9.53%            10.17%
Leverage Ratio                                 6.97%             7.56%

Liquidity
---------

     Cash  and Cash  Equivalents  totaled  $17.5  million  at June  30,  2000 an
increase of $8.1 million, since December 31, 1999.

<PAGE>

     The increase in Cash and Cash Equivalents was primarily  attributable to an
increase  in deposits  which  contributed  to an  increase  in cash  provided by
financing  activities  of $22.5  million.  Demand  deposits and  certificate  of
deposits  experienced  the largest  increases  for the six month period of $14.4
million and $6.1 million respectively.

     An increase in loans and  interest-bearing  time  deposits  resulted in net
cash used for investing activities of $15.1 million.

ITEM 3 - MARKET RISK

     The Company's  market risk is primarily its exposure to interest rate risk.
Interest  rate risk is the effect that changes in interest  rates have in future
earnings.  The principal objective in managing interest rate risk is to maximize
net  interest  income  within  the  acceptable  levels  of risk  that  have been
previously established by policy.

     Please refer to pages 28-30  "Interest  Rate  Sensitivity  Analysis" in the
1999 Annual Report.  There has been no material changes in market risk since the
date of that report.

<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 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.

              (b)   Form 8-K
                    --------

             (27)   Financial Data Schedule
                    -----------------------


                                   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:   August 3, 2000            By:  /s/  Keith B. McCarthy
                                      -----------------------------------
                                      Keith B. McCarthy
                                      Executive Vice President
                                      Chief Accounting Officer