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 March 31, 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 May 8,2000,  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 5    -    Other Information

ITEM 6    -    Exhibits and Reports on Form 8-K


SIGNATURES


<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
BALANCE SHEET                                                  March 31,        December 31,
March 31, 2000 and December 31, 1999                             2000              1999
                                                            --------------  ------------------
                                                             (Unaudited)
<S>                                                              <C>                 <C>
(in thousands)
ASSETS
Cash & Due from Banks                                            $  10,644           $   7,028
Federal Funds Sold                                                   8,875               2,400
Other Short Term Investments                                            36                   -
                                                            --------------  ------------------
Total Cash and Cash Equivalents                                     19,555               9,428
                                                            --------------  ------------------

Interest Bearing Time Deposits                                       6,980               5,283

Securities
   Available for Sale, at Fair Value                                25,755              26,377
   Held to Maturity                                                  4,049               5,122
   Equity Securities                                                   839                 839
                                                            --------------  ------------------
Total Securities                                                    30,643              32,338
                                                            --------------  ------------------

Loans                                                              159,374             153,151
   Allowance for Loan Losses                                       (1,611)             (1,550)
   Unearned Income                                                   (172)               (176)
                                                            --------------  ------------------
Net Loans                                                          157,591             151,425
                                                            --------------  ------------------
Premises & Equipment, Net                                            4,898               4,789
Other Assets                                                         3,113               2,844
                                                            --------------  ------------------
Total Assets                                                      $222,780            $206,107
                                                            ==============  ==================

LIABILITIES & SHAREHOLDERS' EQUITY

LIABILITIES

Deposits
Demand
   Non-interest Bearing                                          $  35,733           $  32,020
   NOW Accounts                                                     29,916              27,025
Savings                                                             17,790              16,618
Money Market Accounts                                               25,169              25,446
Time
   Greater than $100,000                                            13,878              13,486
   Less than $100,000                                               83,280              74,967
                                                            --------------  ------------------
Total Deposits                                                     205,766             189,562
                                                            --------------  ------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S>                                                              <C>                 <C>
Obligation Under Capital Lease                                         431                 432
Other Liabilities                                                      945                 749
                                                            --------------  ------------------
Total Liabilities                                                  207,142             190,743
                                                            --------------  ------------------

SHAREHOLDERS' EQUITY

Common Stock $2.09 Par Value: 20,000,000                             6,183               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                                                    3,489               3,215
Accumulated Other Comprehensive Loss                                 (570)               (505)
                                                            --------------  ------------------
Total Shareholders' Equity                                          15,638              15,364
                                                            --------------  ------------------
Total Liabilities and Shareholders' Equity                        $222,780            $206,107
                                                            ==============  ==================
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME                                 For the Three Months Ended
For the Period Ended March 31,                                     2000               1999
(in thousands)                                               ------------------------------------
                                                                (Unaudited)        (Unaudited)
<S>                                                                   <C>               <C>
INTEREST INCOME
Loans                                                                 $ 3,409           $ 2,622
Securities Available for Sale                                             395               312
Securities Held to Maturity                                                74               204
Dividends on Equity Securities                                             10                 0
Other Short Term Investments                                                0                 8
Interest Bearing Time Deposits                                             88                63
Federal Funds Sold                                                         73                84
                                                            -----------------   ---------------
Total Interest Income                                                   4,049             3,293
                                                            -----------------   ---------------

INTEREST EXPENSE

Deposits                                                                1,735             1,468
Federal Funds Purchased                                                     0                 1
Obligation Under Capital Lease                                              9                 9
                                                            -----------------   ---------------
Total Interest Expense                                                  1,744             1,478
                                                            -----------------   ---------------

Net Interest Income                                                     2,305             1,815
PROVISION FOR LOAN LOSSES                                                  95                80
                                                            -----------------  ----------------
Net Interest Income after Provision For Loan Losses                     2,210             1,735
                                                            -----------------   ---------------

OTHER INCOME

Service Charges on Deposit Accounts                                       123                80
Gains on the Sale of Securities Available for Sale                          0                 1
Gains on the Sale of Loans                                                 66                33
Other Income                                                               54                51
                                                            -----------------   ---------------
Total Other Income                                                        243               165
                                                            -----------------   ---------------

OTHER EXPENSE

Salaries and Employee Benefits                                            997               743
Occupancy Expense                                                         300               203
Equipment Expense                                                         107               101
Other Expenses                                                            621               437
                                                            -----------------   ---------------
Total Other Expense                                                     2,025             1,484
                                                            -----------------   ---------------

Income Before Provision for Income Taxes                                  428               416
Provision for Income Taxes                                                154               148
                                                            -----------------   ---------------
Net Income                                                           $    274          $    268
                                                            =================   ===============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S>                                                                   <C>               <C>
EARNINGS PER SHARE - Basic (1)                                          $0.09             $0.09
                                                            =================   ===============
EARNINGS PER SHARE - Diluted (1)                                        $0.09             $0.09
                                                            =================   ===============
</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 March 31,
<TABLE>
<CAPTION>

                                                               For the Three Months Ended
                                                                2000                 1999
                                                          -------------------------------------
(in thousands)                                                 (Unaudited)        (Unaudited)
<S>                                                                   <C>               <C>
Net Income                                                           $ 274              $ 268
Other Comprehensive Income, Net of Tax
   Unrealized Losses Arising in the Period                            (65)               (71)
                                                          ----------------    ---------------
Comprehensive Income                                                 $ 209              $ 197
                                                          ================    ===============
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
SVB FINANCIAL SERVICES, INC.
STATEMENTS OF CASH FLOW
For the Period Ended March 31,                                               2000                1999
                                                                     --------------------------------------
                                                                         (Unaudited)         (Unaudited
<S>                                                                        <C>                 <C>
(in thousands)
OPERATING ACTIVITIES
Net Income                                                                 $      274           $      268
Adjustments to Reconcile Net Income to
   Net Cash Provided by Operating Activities:
Provision for Loan Losses                                                          95                   80
Depreciation and Amortization                                                     131                  103
Accretion/(Amortization) of Securities Discount                                     5                  (26)
Gains on the Sale of Securities Available for Sale                                  0                   (1)
Gains on the Sale of Loans                                                        (66)                 (33)
Increase in Other Assets                                                         (238)                (595)
Increase in Other Liabilities                                                     196                  139
(Decrease)/Increase in Unearned Income                                            (27)                  23
                                                                     ----------------   ------------------
Net Cash Provided By (Used for) Operating Activities                              370                  (42)
                                                                     ----------------   ------------------

INVESTING ACTIVITIES

Increase in Interest Bearing Time Deposits                                    (1,697)                 (901)
Proceeds from Sale of Securities Available for Sale                                 0                2,510
Proceeds from Maturities of Securities
   Available for Sale                                                           1,511                2,706
   Held to Maturity                                                             1,072                7,369
Purchases of Securities
   Available for Sale                                                           (993)               (6,980)
   Held to Maturity                                                                 0               (1,804)
Increase in Loans, Net                                                        (6,168)               (4,997)
Capital Expenditures                                                            (236)                 (931)
                                                                     ----------------   ------------------
Net Cash Used for Investing Activities                                        (6,511)               (3,028)
                                                                     ----------------   ------------------

FINANCING ACTIVITIES

Net Increase in Demand Deposits                                                 6,604               10,032
Net Increase/(Decrease) in Savings Deposits                                     1,172                 (119)
Net Decrease in Money Market Deposits                                           (277)                 (782)
Net Increase in Time Deposits                                                   8,705                2,032
Decrease in Obligation Under Capital Lease                                        (1)                   (1)
Proceeds from Issuance of Common Stock, Net                                        65                    5
                                                                     ----------------   ------------------
Net Cash Provided by Financing Activities                                      16,268               11,167
                                                                     ----------------   ------------------

Increase in Cash and Cash Equivalents                                          10,127                8,097
Cash and Cash Equivalents, Beginning of Year                                    9,428               19,648
                                                                     ----------------   ------------------
Cash and Cash Equivalents, End of Period                                   $   19,555           $   27,745
                                                                     ================   ==================
</TABLE>
<PAGE>
<TABLE>
SUPPLEMENTAL DISCLOSURE OF CASH FLOW

   INFORMATION
<S>                                                                        <C>                 <C>
Cash Paid During the Year for Interest                                     $    1,791           $    1,490
                                                                     ================   ==================
Cash Paid During the Year for Federal Income Taxes                         $       50           $       30
                                                                     ================   ==================
</TABLE>


<PAGE>
                          SVB FINANCIAL SERVICES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           March 31, 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 three months ended March
31, 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 March 31, 2000 and December 31, 1999 the  composition of outstanding
loans is summarized as follows:
<TABLE>
<CAPTION>
                                                                  March 31,                December 31,
                                                                    2000                      1999
                                                            --------------------         ---------------
<S>                                                                <C>                        <C>
                  (in thousands)
                  Secured by Real Estate:
                     Residential Mortgage                          $ 42,484                   $  41,727
                     Commercial Mortgage                             45,771                      48,349
                     Construction                                    10,932                      11,943
                  Commercial and Industrial                          41,285                      32,628
                  Loans to Individuals for Automobiles                7,250                       7,907
                  Loans to Individuals                               11,588                      10,062
                  Other Loans                                            64                         535
                                                                   ------------              ------------
                                                                   $159,374                    $153,151
                                                                   ============              ============
</TABLE>

         There were no loans  restructured  during  2000 or 1999.  There were no
loans  past due 90 days or more and  still  accruing  at  March  31,  2000 or at
December 31, 1999.  Loans in a non-accrual  status totaled $498,000 at March 31,
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:
<TABLE>
<CAPTION>
                                                                      Three Months
                                                                          Ended             Year Ended
                                                                        March 31,           December 31,
                                                                           2000                1999
                           (in thousands)                           --------------       ----------------
<S>                                                                  <C>                         <C>
                           Balance January 1,                        $     1,550                 $ 1,211
                           Provision Charged to Operations                    95                     440
                           Charge Offs                                       (37)                   (115)
                           Recoveries                                          3                      14
                                                                     -------------       ----------------
                           Balance End of Period                     $     1,611                 $ 1,550
                                                                     =============       ================
</TABLE>
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 web site.

Results of Operation

         Net income for the first three months of 2000 was $274,000, an increase
of $6,000 or 2% as compared to the same period in 1999. Earnings per share-Basic
were $.09 in 2000 as well as $.09 in 1999.  Earnings per share-Diluted were $.09
in 2000 and $.09 in 1999.

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

Net Interest Income

         Net interest income for the first three months of 1999 was $2.3 million
compared to $1.8 million in 1999, an increase of $490,000 or 27%.

         Almost all of the increase can be  attributed to an increase in average
earnings assets.  Average earning assets for the first three months of 2000 were
$197.6  million an increase of $25.1  million or 15% from the first three months
of 1999.  Loans  averaged  $154.8  million  during the three months of 2000,  an
increase of $30.4  million from the same period last year.  The increase in loan
balances caused interest income to increase $685,000.  Partially offsetting this
increase,  securities  averaged $31.7  million,  a decrease of $3.8 million from
1999.  The yield on loans  increased  from  8.54% in 1999 to 8.86% for the first
quarter of 2000.  This was the result of an increase of 125 basis  points in the
prime  rate  since the first  quarter  of 1999.  The  increase  in yield  caused
interest  income  on  loans  to  increase  $103,000.  Overall,  interest  income
increased $757,000.  The yield on earning assets was 8.24% in 2000 and 7.74% for
1999.

         The overall cost of interest-bearing  liabilities  decreased from 4.30%
to 4.27%.  Total interest  bearing  deposits  increased $24.8 million during the
three months of 2000 to $163.8 million, of which time deposits accounted for 43%
of this increase.  The increase in deposits caused interest  expense to increase
$247,000.  Overall,  interest expense increased $266,000 and the cost of funding
earning assets increased from 3.47% in 1999 to 3.55% in 2000.

         The net result of the change in net interest income for the first three
months  of 2000  versus  the  first  three  months  of 1999 was an  increase  of
$490,000.  The net interest  margin  increased 42 basis points from a 4.27% to a
4.69%.

Provision for Loan Losses

         The  provision for loan losses was $95,000 in the first three months of
2000 as compared to $80,000 in the first three  months of 1999.  The increase in
provision  can be attributed to growth in loans of $32.9 million since March 31,
1999.


<PAGE>
Other Income

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

         During the first three months of 2000, other income  increased  $78,000
or 47%  over the same  period  in 1999.  Service  charges  on  deposit  accounts
increased  $43,000  or 54% 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. Foreign  transaction fees at the Company's ATM
machines and service charge on NOW and money market  accounts  accounted for 21%
of the increase in service charges respectively.

         Gains on the sale of SBA loans  increased  $20,000.  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 $13,000 for the sale of
mortgage loans.  Overall,  gains on the sale of loans increased  $33,000.  These
amounts  can vary  greatly  from  quarter  to  quarter  and  from  year to year.
Additionally, fees related to the servicing of SBA loans as described increased
19% over the same period for last year.

         Other income increased $3,000 or 6% compared to 1999.

Other Expense

         Other  expenses  for the three  months  ended March 31, 2000  increased
$541,000 or 36% 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  $175,000 in the first  quarter of 2000.  In addition,
total assets have grown $26.1  million or 13% since March 31,  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  $254,000 or 34% from last year. Rent on the newly
opened  locations  and the  relocation  of the  executive  offices and operation
center the last  quarter of 1999 coupled with  increased  depreciation  on other
facilities  resulted in a $97,000 or 48% increase in occupancy  expenses.  Other
expense  increased  $184,000 or 42% over the same period last year.  Included in
this are the following items.  Outside services and data processing increased by
$85,000 or 46% over the first  quarter.  Purchases of supplies for new employees
and the additional  branches increased supplies expense $12,000 or 26% from last
year.  Advertising and business  development  expense increased $42,000 or 107%.
Most of this increase was related to the opening of the two new branches  during
the first quarter of 2000.

Financial Condition

March 31, 2000 compared to December 31, 1999

         Total  assets  increased  $16.7  million or 8% from  December 31, 1999.
Total loans increased $6.2 million.  Loans secured by real estate decreased $2.8
million.  Most of  this  variance  was due to a  decrease  of  $2.6  million  in
commercial mortgages,  as a result of current competition and market conditions.
Offsetting this, other commercial loans and loans to individuals  increased $8.7
million and $400,000 respectively.
<PAGE>

         Deposits increased $16.2 million or 9% during the first three months of
2000. Most categories of deposits  improved during the quarter with certificates
of deposits less than $100,000  growing by $8.3 million followed by NOW accounts
growing  by $2.9  million.  The  Company  normally  pays above  market  rates on
certificates  of deposit  opened  during the "grand  opening"  period of its new
branches.
         Investment securities decreased $1.7 million.

<PAGE>
Asset Quality

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

         Loans in a non-accrual  status  totaled  $498,000 at March 31, 2000 and
$692,000 at December  31, 1999 and  represented  .31% of total loans as of March
31, 2000 and .45% as of December 31, 1999.

         The Company had no other real estate owned at March 31, 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 March 31, 2000,  the allowance for loans losses was  $1,611,000  and
represented 1.01% of total loans and 323.49% 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 three months of 2000 totaled $37,000 compared
to $41,000 for the quarter ended March 31, 1999.

Capital Resources

         Total  Shareholders'  Equity was $15,638,000 at March 31, 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.

                                                March 31,          December 31,
                                                  2000                 1999
                                             ---------------      --------------

Tier I Capital to Risk Weighted Assets           8.86%                 9.21%
Total Capital to Risk Weighted Assets            9.80%                10.17%
Leverage Ratio                                   7.14%                 7.56%

Liquidity

         Cash and Cash  Equivalents  totaled  $19.5 million at March 31, 2000 an
increase of $10.1 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 $16.3  million.  Certificate  of  deposits  and demand
deposits  experienced  the largest  increases for the three month period of $8.7
million and $6.6 million respectively.

         An increase in loans resulted in net cash used for investing activities
of $6.5 million.

<PAGE>

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

                  Proxies  were mailed to  shareholders  of the Company on March
                  30, 2000 for the Annual Meeting of  Shareholders  on April 27,
                  2000.  The  purpose was the  election of five of the  fourteen
                  Directors for a term of three years, approval of SVB Financial
                  Services,  Inc. 2000 Incentive  Stock Option Plan and approval
                  of SVB Financial  Services,  Inc. 2000 Directors  Stock Option
                  Plan.

                  Following  are  the  results  of  the  voting:  The  following
                  candidates  were  nominated for a term to continue to the 2003
                  Annual Meeting.
<TABLE>
<CAPTION>
                                                              Votes For           Votes Withheld
                                                              ---------           --------------
<S>                                                           <C>                       <C>
                                    John K. Kitchen           2,571,691                 1,722
                                    Anthony J. Santye, Jr.    2,542,665                30,748
                                    G. Robert Santye          2,542,665                30,748
                                    Herman C. Simonse         2,571,901                 1,512
                                    Donald R. Tourville       2,571,901                 1,512

                           Approval of SVB Financial Services, Inc. 2000 Incentive Stock Option Plan.
                                      Votes For               Votes Against             Abstain
                                      ---------               -------------           ----------
                                      2,163,702                  119,867                 2,074

                           Approval of SVB Financial Services, Inc. 2000 Directors Stock Option Plan.
                                      Votes For                Votes Against            Abstain
                                      ---------                -------------           -----------
                                      1,655,391                  628,178                  2,074
</TABLE>
Item 5   -        Other Information

                  On July 6, 1998, the common stock of the Company began trading
                  on the Nasdaq National Market,  under the trading symbol SVBF.
                  On March 31,  2000,  the closing bid of the  Company's  common
                  stock was $8.938 per share.

                  Effective in July 1999,  the Company has a web site and can be
                  located on www.somersetvalleybank.com.

                  In  September  1999,  the Bank  became a member of the Federal
                  Home Loan Bank.
<PAGE>


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

                  There has been no Form 8-K filed  during the first  quarter of
2000.

         (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:   May 8, 2000                             By:   /s/ Keith B. McCarthy
                                                       ------------------------
                                                       Keith B. McCarthy
                                                       Executive Vice President
                                                       Chief Accounting Officer