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 September 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.)


58-72 East Main Street, Somerville, New Jersey                    08876
----------------------------------------------                ------------
(Address of principal executive officers)                      (Zip Code)


                                 (908) 541-9500
              (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

As of November 7, 2000, there were 3,106,032  shares of common stock,  $2.09 par
value  outstanding.  The number of shares  outstanding  has been  adjusted for a
declared stock dividend and the Company repurchase of 400 shares of stock.

                                        1


<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

                                        2


<PAGE>


SVB FINANCIAL SERVICES, INC.
CONSOLIDATED BALANCE SHEETS

September 30, 2000 and December 31, 1999
<TABLE>
<CAPTION>

                                                                                  September 30,         December 31,
                                                                                      2000                 1999
                                                                               ------------------   -------------------
                                                                                      (Unaudited)
<S>                                                                                     <C>                   <C>
(in thousands)
ASSETS

Cash & Due from Banks                                                                   $  10,605             $   7,028
Federal Funds Sold                                                                          3,725                 2,400
Other Short Term Investments                                                                   67                     -
                                                                               ------------------   -------------------
Total Cash and Cash Equivalents                                                            14,397                 9,428
                                                                               ------------------   -------------------

Interest Bearing Time Deposits                                                              7,480                 5,283

Securities

   Available for Sale, at Fair Value                                                       30,106                26,377
   Held to Maturity                                                                         4,445                 5,122
   Equity Securities                                                                          839                   839
                                                                               ------------------   -------------------
Total Securities                                                                           35,390                32,338
                                                                               ------------------   -------------------

Loans                                                                                     169,156               153,151
   Allowance for Loan Losses                                                              (1,751)               (1,550)
   Unearned Income                                                                          (159)                 (176)
                                                                               ------------------   -------------------
Net Loans                                                                                 167,246               151,425
                                                                               ------------------   -------------------
Premises & Equipment, Net                                                                   4,749                 4,789
Other Assets                                                                                3,348                 2,844
Total Assets                                                                             $232,610              $206,107
                                                                               ==================   ===================

LIABILITIES & SHAREHOLDERS' EQUITY

LIABILITIES

Deposits
Demand

   Non-interest Bearing                                                                 $  33,864             $  32,020
   NOW Accounts                                                                            33,508                27,025
Savings                                                                                    16,860                16,618
Money Market Accounts                                                                      23,965                25,446
Time
   Greater than $100,000                                                                   16,842                13,486
   Less than $100,000                                                                      89,410                74,967
                                                                               ------------------   -------------------
Total Deposits                                                                            214,449               189,562
                                                                               ------------------   -------------------

Obligation Under Capital Lease                                                                427                   432
Other Liabilities                                                                           1,081                   749
                                                                               ------------------   -------------------
Total Liabilities                                                                         215,957               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
   2,805,824 Shares in 1999 Issued and Outstanding
Additional Paid-in Capital                                                                  6,536                 6,496
Retained Earnings                                                                           4,249                 3,215
Accumulated Other Comprehensive Loss                                                        (316)                 (505)
                                                                               ------------------   -------------------
Total Shareholders' Equity                                                                 16,653                15,364
                                                                               ------------------   -------------------
Total Liabilities and Shareholders' Equity                                               $232,610              $206,107
                                                                               ==================   ===================
</TABLE>

                                        3


<PAGE>

SVB FINANCIAL SERVICES, INC.

CONSOLIDATED STATEMENTS OF INCOME
For the Period Ended September 30,
<TABLE>
<CAPTION>

                                                             For the Three Months Ended           For the Nine Months Ended
                                                               2000              1999             2000               1999
                                                          --------------   ---------------  ----------------    -------------
                                                            (Unaudited)       (Unaudited)      (Unaudited)       (Unaudited)
<S>                                                            <C>               <C>               <C>              <C>
(in thousands)
INTEREST INCOME

Loans                                                          $ 3,859           $ 3,072           $10,985          $ 8,500
Securities Available for Sale                                      440               394             1,254            1,072
Securities Held to Maturity                                         73               100               216              428
Dividends on Equity Securities                                      20                 3                40                3
Other Short Term Investments                                         1                 1                 2               10
Interest Bearing Time Deposits                                     117                94               311              233
Federal Funds Sold                                                  98               104               237              262
                                                          ------------   ---------------  ----------------    -------------
Total Interest Income                                            4,608             3,768            13,045           10,508
                                                          ------------   ---------------  ----------------    -------------

INTEREST EXPENSE

Deposits                                                         2,041             1,548             5,651            4,477
Federal Funds Purchased                                              1                 1                 1                3
Obligation Under Capital Lease                                       9                10                27               28
                                                          ------------   ---------------  ----------------    -------------
Total Interest Expense                                           2,051             1,559             5,679            4,508
                                                          ------------   ---------------  ----------------    -------------

Net Interest Income                                              2,557             2,209             7,366            6,000
PROVISION FOR LOAN LOSSES                                           80               150               260              330
                                                          ------------   ---------------  ----------------    -------------
Net Interest Income after Provision For Loan Losses              2,477             2,059             7,106            5,670
                                                          ------------   ---------------  ----------------    -------------

OTHER INCOME

Service Charges on Deposit Accounts                                147               105               405              277
Gains on the Sale of Loans                                          33               100               105              184
Losses on the Sale of Securities Available for Sale                  0               (3)                 0              (8)
Other Income                                                        63                27               175              117
                                                          ------------   ---------------  ----------------    -------------
Total Other Income                                                 243               229               685              570
                                                          ------------   ---------------  ----------------    -------------

OTHER EXPENSE

Salaries and Employee Benefits                                   1,022               832             3,053            2,368
Occupancy Expense                                                  309               216               921              629
Equipment Expense                                                  127               110               361              317
Other Expenses                                                     584               456             1,807            1,386
Total Other Expense                                              2,042             1,614             6,142            4,700
                                                          ------------   ---------------  ----------------    -------------

Income Before Provision for Income Taxes                           678               674             1,649            1,540
Provision for Income Taxes                                         255               258               615              575
                                                          ------------   ---------------  ----------------    -------------
Net Income                                                    $    423          $    416        $    1,034        $     965
                                                          ============   ===============  ================    =============

EARNINGS PER SHARE - Basic (1)                                $   0.13          $   0.13        $     0.33        $    0.31
                                                          ============   ===============  ================    =============
EARNINGS PER SHARE - Diluted (1)                              $   0.13          $   0.13        $     0.32        $    0.30
                                                          ============   ===============  ================    =============
</TABLE>


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

                                        4


<PAGE>


SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME
For the Period Ended September 30,
<TABLE>
<CAPTION>


                                                                For the Three Months Ended        For the Nine Months Ended
                                                                  2000              1999             2000             1999
                                                              -----------       -----------      -----------       -----------
(in thousands)                                                 (Unaudited)      (Unaudited)      (Unaudited)       (Unaudited)
<S>                                                                 <C>               <C>             <C>               <C>

Net Income                                                          $ 423           $  416            $1,034            $  965
Other Comprehensive Income, Net of Tax
   Unrealized Gains/(Losses) Arising in the Period                    186              (23)              189              (350)
                                                              -----------  ---------------- ----------------   ---------------
Comprehensive Income                                                $ 609           $  393            $1,223            $  615
                                                              ===========  ================ ================   ===============
</TABLE>



                                        5


<PAGE>




SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Period Ended September 30,

<TABLE>
<CAPTION>

                                                                                      2000                1999
                                                                              -------------------  ------------------
                                                                                   (Unaudited)         (Unaudited)
(in thousands)
<S>                                                                                   <C>                 <C>
OPERATING ACTIVITIES
Net Income                                                                            $     1,034         $       965
Adjustments to Reconcile Net Income to
   Net Cash Provided by Operating Activities:
Provision for Loan Losses                                                                     260                 330
Depreciation and Amortization                                                                 430                 341
Amortization/(Accretion) of Securities Discount                                                 3                (35)
Losses on the Sale of Securities Available for Sale                                             0                   8
Gains on the Sale of Loans                                                                  (105)               (184)
Increase in Other Assets                                                                    (612)                (95)
Increase in Other Liabilities                                                                 332                  86
Increase in Unearned Income                                                                    17                  97
                                                                              -------------------  ------------------
Net Cash Provided By Operating Activities                                                   1,359               1,513
                                                                              -------------------  ------------------

INVESTING ACTIVITIES

Increase in Interest Bearing Time Deposits                                                (2,197)             (2,390)
Proceeds from Sale of Securities Available for Sale                                             0               6,512
Proceeds from Maturities of Securities
   Available for Sale                                                                       2,535               4,302
   Held to Maturity                                                                         1,153              13,233
Purchases of Securities
   Available for Sale                                                                     (5,982)            (16,845)
   Held to Maturity                                                                         (475)             (5,296)
   Equity Securities                                                                           0                (589)
Increase in Loans, Net                                                                   (15,993)            (24,383)
Capital Expenditures                                                                        (379)             (1,462)
                                                                              -------------------  ------------------
Net Cash Used for Investing Activities                                                   (21,338)            (26,918)
                                                                              -------------------  ------------------

FINANCING ACTIVITIES

Net Increase in Demand Deposits                                                             8,327              10,265
Net Increase in Savings Deposits                                                              242               1,829
Net (Decrease)/Increase in Money Market Deposits                                          (1,481)               2,320
Net Increase in Time Deposits                                                              17,799                 706
Decrease in Obligation Under Capital Lease                                                     (5)                 (4)
Proceeds from the Issuance of Common Stock, Net                                                66                 154
                                                                              -------------------  ------------------
Net Cash Provided by Financing Activities                                                  24,948              15,270
                                                                              -------------------  ------------------

Increase/(Decrease) in Cash and Cash Equivalents                                            4,969            (10,135)
Cash and Cash Equivalents, Beginning of Year                                                9,428              19,648
                                                                              -------------------  ------------------
Cash and Cash Equivalents, End of Period                                              $    14,397         $     9,513
                                                                              ===================  ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION

Cash Paid During the Period for Interest                                              $     5,606         $     4,502
                                                                              ===================  ==================
Cash Paid During the Period for Federal Income Taxes                                  $       620         $       540
                                                                              ===================  ==================
</TABLE>

                                        6


<PAGE>



                          SVB FINANCIAL SERVICES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                         September 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  nine  months  ended
September  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  September  30,  2000  and  December  31,  1999 the  composition  of
outstanding loans is summarized as follows:

<TABLE>
<CAPTION>
                                                    September 30,      December 31,
                                                       2000               1999
                                                  ---------------    ----------------
<S>                                                    <C>              <C>
           (in thousands)
           Secured by Real Estate:
              Residential Mortgage                     $ 45,893         $  41,727
              Commercial Mortgage                        43,358            48,349
              Construction                               11,402            11,943
           Commercial and Industrial                     44,651            32,628
           Loans to Individuals for Automobiles           7,552             7,907
           Loans to Individuals                          15,434            10,062
           Other Loans                                      866               535
                                                     ----------        ----------
                                                       $169,156          $153,151
                                                       ========         =========
</TABLE>



         There were no loans restructured during 2000 or 1999. Loans past due 90
days or more and still accruing  totaled $14,000 at September 30, 2000 and there
were  no  loans  past  due 90 days or more at  December  31,  1999.  Loans  in a
non-accrual  status  totaled  $527,000 at  September  30,  2000 and  $692,000 at
December 31, 1999.

                                        7


<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:


                                                     Nine Months
                                                        Ended       Year Ended
                                                     September 30,  December 31,
                  (in thousands)                         2000          1999
                                                      ---------     ----------
                  Balance January 1,                   $ 1,550       $ 1,211
                  Provision Charged to Operations          260           440
                  Charge Offs                              (74)         (115)
                  Recoveries                                15            14
                                                       -------       -------
                  Balance End of Period                $ 1,751       $ 1,550
                                                       =======       =======

4.       New Accounting Pronouncement

         We have  adopted  the  provisions  of SFAS  No.  133,  "Accounting  for
Derivative  Instruments  and Hedging  Activity"  as amended by SFAS No. 137 and
SFAS No. 138.  Based on the Company's  minimal use of derivatives at the current
time,  management  does not  anticipate the adoption fo 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, as amended,  will depend on the
nature and purpose of the  derivative  instruments in use by the Company at that
time.


5.       Stock Dividend

         On October  27,  2000,  the  Company  declared a 5% stock  dividend  to
shareholders of record as of November 7, 2000. Net income per share and weighted
average shares outstanding have been restated to reflect the stock dividend.

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.

                                        8


<PAGE>


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.

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  nine  months  of 2000 was  $1,034,000,  an
increase of $69,000 or 7% as compared to the same period in 1999.  Earnings  per
share-Basic were $.33 in 2000 and $.31 in 1999. Earnings per share- Diluted were
$.32 in 2000 and $.30 in 1999.

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

Net Interest Income

         Net interest  income for the first nine months of 2000 was $7.4 million
compared to $6.0 million in 1999, an increase of $1.4 million or 23%.

         Average  earning  assets for the first nine  months of 2000 were $205.9
million an increase of $25.0  million or 14% from the first nine months of 1999.
Almost all of this increase could be attributed to loans which  averaged  $161.8
million during the nine months of 2000, an increase of $29.0 million or 22% from
the same period last year. The increase in loan balances  caused interest income
to increase $2.0 million.  The yield on loans  increased from 8.56% in September
1999 to 9.07%  for the first  nine  months  of 2000.  This was the  result of an
increase of 125 basis points in the prime rate since the third  quarter of 1999.
The  increase in yield  caused  interest  income on loans to increase  $532,000.
Overall, interest income increased $2.5 million. The yield on earning assets was
8.46% in 2000 and 7.77% for 1999.

         The overall cost of interest-bearing  liabilities  increased from 4.14%
to 4.44%.  Average interest bearing deposits  increased $25.6 million during the
nine months of 2000 to $170.5  million,  of which time deposits and NOW accounts
accounted  for 44%  and 32% of this  increase,  respectively.  The  increase  in
deposits caused interest  expense to increase  $745,000.  The increase in market
rates,  increased  competition  for deposits and promotional CDs offered for the
two new branches all contributed to an increase in interest  expense of $430,000
relating to rate. Overall,  interest expense increased $1.2 million and the cost
of funding earning assets increased from 3.33% in 1999 to 3.68% in 2000.

         The net result of the change in net interest  income for the first nine
months of 2000  versus the first  nine  months of 1999 was an  increase  of $1.4
million. The net interest margin increased 35 basis points from 4.43% to 4.78%.

                                        9


<PAGE>

Provision for Loan Losses

         The  provision for loan losses was $260,000 in the first nine months of
2000 and $330,000 for the same period in 1999. Even though provision  decreased,
overall, provision for loan loss increased as a percentage of loans to 1.04%.

Other Income

         The Company continues to place an emphasis on improving its fee income.
During the first nine months of 2000, total other income  increased  $115,000 or
20% over the same period in 1999.

         Service charges on deposit accounts  increased $128,000 or 46% 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 overdraft  fees  accounted for 22% and 21% of the
increase in service charges, respectively.

         Gains on the sale of SBA loans  decreased  $68,000.  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.  Gains on the sale of mortgage  loans  decreased
$11,000 from last year  primarily  due to the fact that the Bank now  recognizes
origination  fees  relating to FNMA loans instead of selling them in the market.
Overall,  gains on the sale of loans decreased $79,000.  Offsetting the decrease
in loan sales,  fees related to the  servicing of SBA loans and  origination  of
mortgage loans as described  above increased 30% and 19%  respectively  over the
same period for last year.

         Other income increased $58,000 or 50% compared to 1999. Visa/MasterCard
processing  income  represents  26%  of  the  increase.  Income  from  insurance
subsidiary was $10,000 representing 18% of this increase.

Other Expense

         Other  expenses for the nine months ended  September 30, 2000 increased
$1.4  million or 31% 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  $556,000  in the nine  months of 2000.  In
addition, total assets have grown $31.4 million or 16% since September 30, 1999.
Because of the growth in assets and the  addition of  branches,  the Company has
also 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  $685,000 or 29% 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 $292,000 or 46% increase in  occupancy  expenses.  Other  expenses
increased  $421,000 or 30% over the same period last year.  Included in this are
the following items.  Outside services and data processing increased by $213,000
or 38% over the nine months last year.  Included  in this  increase  are website
expenses of $28,000.  Purchases of supplies for new employees and the additional
branches increased  supplies expense $51,000 or 34% from last year.  Advertising
and  business  development  expenses  increased  $49,000  or  31%.  Most of this
increase  was  related to the opening of the two new  branches  during the first
quarter of 2000. FDIC assessment  increased $30,000 or 202% over the same period
as last year.

                                       10


<PAGE>

Financial Condition
September 30, 2000 compared to December 31, 1999

         Total assets  increased  $26.5  million or 13% from  December 31, 1999.
Total loans increased $16.0 million. Loans secured by real estate decreased $1.4
million.  Offsetting  this,  other commercial loans increased $12.0 million as a
result of increased  demand and strong economic growth in the central New Jersey
area. Loans to individuals increased $5.4 million.

         Deposits increased $24.9 million or 13% during the first nine months of
2000. Most categories of deposits  improved during this period with certificates
of deposits less than $100,000 growing by $14.4 million followed by NOW accounts
increasing  by $6.5  million.  The Company  prices its  certificates  of deposit
aggressively in relation to its competition  offering  promotional rates for the
grand  openings of its two new  branches and a 7%  certificate  during the third
quarter.

         Investment securities increased $3.1 million for the period.

Asset Quality

         Loans past due 90 days or more and still  accruing as of September  30,
2000  were  $14,000.  There  were no loans  past  due 90 days or more and  still
accruing as of December 31, 1999.

         Loans in a non-accrual  status  totaled  $527,000 at September 30, 2000
and  $692,000 at December  31,  1999 and  represented  .31% of total loans as of
September  30,  2000 and .45% as of  December  31,  1999.  On October 30, 2000 a
non-accrual  loan as of September 30, 2000 was removed from  non-accrual  status
representing $96,000 of the total.

         The Company had no other real estate owned at September 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 September 30, 2000,  the  allowance for loans losses was  $1,751,000
and  represented  1.04% of total  loans  and  332.26%  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 nine months of 2000 totaled $74,000  compared
to $115,000 for the year ended December 31, 1999.

Capital Resources

         Total  Shareholders'  Equity was  $16,653,000  at  September  30,  2000
compared to $15,364,000 at December 31, 1999.

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<PAGE>



         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.


                                           September 30,    December 31,
                                              2000              1999
                                           ------------     -------------
Tier I Capital to Risk Weighted Assets         8.69%            9.21%
Total Capital to Risk Weighted Assets          9.64%           10.17%
Leverage Ratio                                 7.01%            7.56%

Liquidity

         Cash and Cash  Equivalents  totaled $14.4 million at September 30, 2000
an increase of $5.0 million, since December 31, 1999.

         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 $24.9  million.  Certificates  of deposits  and demand
deposits  experienced  the largest  increases for the nine month period of $17.8
million  and  $8.3  million   respectively.   The  increase  in  cash  flow  for
certificates  of deposits could be attributed to aggressive  pricing in relation
to local competition.

         Net  cash  used for  investing  activities  for the  period  was  $21.3
million.  An increase in loans accounted for $16.0 million and net cash used for
purchase of securities was $2.8 million.  Investments  in interest  bearing time
deposits increased $2.2 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.

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<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

            (b)   Reports on Form 8-K

                  A Form 8-K was  filed  on  September  29,  2000  under  Item 6
                  "Resignation  of Directors"  regarding the  resignation  of S.
                  Tucker S. Johnson, Director.

         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:   November 7, 2000                    By: /s/ Keith B. McCarthy
                                                 ------------------------
                                                 Keith B. McCarthy
                                                 Executive Vice President
                                                 Chief Accounting Officer



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