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Overview / Commentary
530 Broadway
Chula Vista, CA 91910

Vibra Bank is headquartered in Chula Vista and is the 170th largest bank in the state of California. It is also the 3,714st largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 40 employees at 1 location. Vibra Bank has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Vibra Bank had $1.17 million in non-current loans and owned real-estate with $15.13 million in equity and loan loss allowances on hand to cover it. This gives Vibra Bank a Texas Ratio of 7.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Vibra Bank has increased its total deposits by $34.56 million, resulting in 34.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Vibra Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Vibra Bank has $150.14 million in assets with $15.13 million in equity, resulting in a capitalization level of 10.08%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58662
Year Established2008
Employees40
Primary RegulatorFDIC
Assets and Liabilities
Assets$150.14 million
Loans$101.78 million
Deposits$136.17 million
Equity Capital$13.47 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$1.17 million
Real Estate Owned$0
Historic Data - March 2013
Assets$115.26 million
Equity Capital$13.20 million
Loan Loss Allowance$1.53 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets0.14%
Return on Equity1.52%
Interest Income$1.61 million
Rates

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Locations


Vibra Bank Locations
Vibra Bank530 BroadwayChula Vista, CA 91910