Business News • MarketWire • Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results |
Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results |
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Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results
FOLSOM, CA--(Marketwired - Oct 20, 2015) - Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 3rd Quarter of 2015 totaled $296,000 compared to $166,000 for the same quarter a year ago, an increase of 78.3%. Year to date Pre-tax income for 2015 totaled $716,000 compared to $696,000 for the first nine months of 2014. The Bank opened its third branch in Fair Oaks at the end of June 2014, which initially had a negative impact on earnings. The Bank has been able to realize the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just fifteen months of operations, the Fair Oaks office has reached $25.4 million in deposits.
View More : http://www.marketwired.com/mw/release.do?id=2065623&sourceType=3
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