Vibra Bank, based in Chula Vista with a single office, reported a second quarter loss of $26,000, compared with net income of $61,000 for the like period of 2013.

For the first half, Vibra said it had net income of $25,000, compare with a net loss of $30,000 for the first half of 2013.

Total assets grew to $151 million, up 20 percent from the like quarter of last year, while total deposits were $137 million, up 22 percent.

Vibra CEO Frank Mercardante said the bank saw a higher level of loan prepayments in the past quarter, and an increase in deposits, which contributed to the net loss.

The total of the bank’s borrowings through the Fed Funds desk increased to $42 million, compared with 17.4 million in the prior year’s second quarter, which negatively impacted the bank’s net interest margin, Mercardante said.

The bank that was opened in 2008 said founding director Howard Levenson was elected chairman of the board replacing Enrique Schon, a Mexican national who continues to serve on the board and is the bank’s majority shareholder.

Mercardante noted that he and Levenson have served together at other banks going back to the mid-1980s.