Business News • MarketWire • Sierra Vista Bank Reports Record 2014 Results |
Sierra Vista Bank Reports Record 2014 Results |
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Sierra Vista Bank Reports Record 2014 Results
FOLSOM, CA--(Marketwired - Feb 2, 2015) - Sierra Vista Bank (OTCBB: SVBA) today reported pre-tax earnings of $844,000 for the year 2014, a 25.8% increase over 2013 pre-tax income of $671,000. Pre-tax earnings for the 4th Quarter 2014 of $148,000 were impacted by the opening of the Bank's 3rd branch in June 2014 and were $72,000 or 32.7% lower than 4th Quarter 2013 pre-tax earnings totaling $220,000. The Bank reported year to date net income of $475,000 as of December 31, 2014, and net income of $87,000 for the 4th Quarter of 2014.
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