San Diego Private Bank, which merged with Coronado First Bank last year, reported fourth quarter net income of $2 million, which included a one-time gain from the release of deferred tax benefits. For the full year, the bank reported net income of $3.1 million.

Total assets were flat from the third quarter at $324.4 million, while total loans were $230 million, up 8.6 percent from the prior quarter.

Total deposits were $261.5 million, down from $264.5 million in the third quarter.

The bank maintains exceptional capital ratios including total risk-based capital of 18.57 percent, nearly double the amount to be regarded as well-capitalized.

CEO Maria Kunac said during the quarter all departments grew including its Newport Private Bank office, core banking and real estate businesses, the export/ import division, and its SBA division.