By: Manny Cruz

Regents Bank reported net income of $439,000 for the quarter ended Dec. 31, 2011, and $1.7 million for the full year 2011. The bank’s profitability for the full year 2011 was up significantly from 2010 earnings, which included Regents’ only quarterly loss since its de novo period when the bank chose to boost reserves in the second quarter 2010. Net income in the fourth quarter 2011 increased to $439,000, up from $430,000 posted at the end of the previous quarter, and was down from $698,000 in the prior year fourth quarter, due principally to the reduction in loan outstandings. Total assets and total deposits at year-end 2011 increased approximately seven percent on a year-over-year basis to $344.6 million and $302.6 million, respectively. Both totals were down slightly from the third quarter 2011. With the reduction in problem assets, total loans at Dec. 31, 2011, dropped slightly from the prior year end to $211.9 million, but were marginally higher than the previous quarter. The total risk-based capital ratio was 18.8 percent; Tier 1 leverage ratio was 11.4 percent; and Tier 1 risk-based capital ratio was 17.5 percent.

San Diego Metro