Sierra Vista Bank (SVBA) in Folsom, Calif., is soldiering on with newly raised capital, though its profit shrank in the fourth quarter.

The $79 million-asset bank's fourth-quarter profit fell 40% from a year earlier, to $38,000, because of a lower net interest margins and declining income. Still, the company had its ninth straight profitable month, continuing a string of success that helped it raise over $2 million in an offering. The bank also secured $1.7 million last month from Taylor International Fund, a hedge fund.

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