Vibra Bank Reports Positive Results For 2012

Bank reflects a very high-quality loan portfolio, and continued expansion

Feb 05, 2013, 10:30 ET from Vibra Bank

CHULA VISTA, Calif., Feb. 5, 2013 /PRNewswire/ -- Today, Vibra Bank ("VBBK"-OTCBB) announced its unaudited financial results for the fourth quarter and year ended December 31, 2012.  The Bank reported a net profit for the fourth quarter of $183,000, compared with $576,000 for the fourth quarter of 2011.  The Bank reported a net profit of $1,149,000 for the year ended December 31, 2012, compared with $1,286,000 for the previous year.  "In the latter half of 2012 we increased staffing and deployed significant resources within the bank which will be beneficial to us going forward and which will support our continued growth," said Vibra Bank President and CEO Scott Parker.  "We are pleased that we have been able to continue to expand our lending activity within our community year over year."

Highlights for the year-end 2012 compared to the prior year-end include:

  • Growth in Total Loans of $9 million, or 11%, to $85 million
  • Growth in Total Deposits of $6 million, or 7%, to $96 million
  • Growth in Total Assets of $6 million, or 6%, to $110 million

Additionally, as of December 31, 2012, Vibra Bank continued to reflect a strong Capital position, with capital ratios summarized as follows:

Well –Capitalized Standards

Vibra Bank

Tier One Leverage



Tier One Risk Based 



Total Risk Based      



The Bank continues to reflect a very high quality of assets, with no non-performing loans as of December 31, 2012, and no foreclosed real estate loans. 

"We are focused on the continued growth of our loan portfolio, and particularly our SBA lending activity, which we feel serves our local market extremely well," said Vibra Bank Chairman Enrique R. Schon




Net Profit












Vibra Bank offers a wide range of deposit services to meet their customers' needs, including online banking and remote deposit capture.  Vibra Bank's lending is focused on loans to businesses, business owners, and professionals with a full range of loan products.  The bank is also a Preferred Lender for SBA loans.  More information about Vibra Bank may be found at, and by contacting Scott Parker at 619-651-9411.

Certain statements in this press release, including statements regarding the anticipated development and expansion of Vibra Bank's business, and the intent, belief or current expectations of Vibra Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995).  Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, risks related to the local and national economy, Vibra Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

Media Contact:
Scott Parker

SOURCE Vibra Bank