By Jorge Mercado Monday, January 26th, 2026

The Central Coast’s newest bank, CalPrivate Bank, and its parent company, Private Bancorp of America, reported its earnings for the fourth quarter of 2025 on Jan. 16. Based in La Jolla, CalPrivate Bank opened its first branch in Montecito on Nov. 5.

In the fourth quarter of 2025, CalPrivate Bank announced net income of $10 million, or $1.71 per share, up from $9.7 million, or $1.65 per share, in the same quarter a year ago.

For the full year, net income was at $40.7 million, up from $35.8 million in 2024, a 13.5% increase. 

Total deposits were $2.22 billion as of Dec. 31. Loans held-for-investment totaled $2.13 billion as of Dec. 31, an increase of $41.0 million or 2% from Dec. 31, 2024.

“We continued to make progress in adding new relationships and providing our Clients with our signature Distinctly Different Service.  This led to strong loan growth and loan production in the quarter and pipelines are healthy coming into Q1 2026.  Our Montecito office is now open, and we are welcoming new Clients with the support of a wonderful community in Santa Barbara,”Rick Sowers, president and CEO, said.