SAN DIEGO, Feb 25, 2004 (BUSINESS WIRE) -- Rancho Bernardo Community Bank (OTCBB: RBCB) announced after tax earnings of $996,000 for the year 2003, up from earnings of $347,000 for the year 2002. For 2003, basic earnings per share were $1.13 and diluted earnings per share were $1.07. Fourth quarter 2003 earnings were $505,000 up from $103,000 for the same period in 2002. Earnings for the last quarter increased dramatically as a result of core earnings increasing by approximately 160% and, as the result of a favorable resolution to a pending law suit, the recovery of a provision for legal expenses made in 2002.

For the year 2003 Rancho Bernardo Community Bank's total assets grew from $81,615,000 to $95,021,000, total loans increased from $64,881,000 to $68,123,000 and total deposits increased from $71,823,000 to $84,671,000.

Rancho Bernardo Community Bank serves all of San Diego County and specializes in business loans and lines, SBA real estate loans, equipment loans and construction loans.