Americas United Bank Announces Results for the Fourth Quarter 2017 and Fiscal Year 2017

Americas United Bank (OTC:AUNB) today announced financial results for the fourth quarter of 2017, with quarterly earnings of $535,575, or $0.19 per basic share and $0.18 per diluted share, and year-to-date net income of $1,780,805, or $0.62 per basic and $0.59 per diluted share. Total assets at the period-end were $235.2 million, and the Bank's equity capital was $29.0 million.

"I am pleased to report that we have achieved another profitable quarter and year. We reached a milestone in our history, and that is our book value exceeded our original stock issuance price. We continue to grow and operate in a prudent and sound manner which has contributed to our consistent profitability and our consecutive quarters of favorable operating results. Our credit quality remains strong and we are optimistic about the future," said Adriana M. Boeka, President and Chief Executive Officer.

Fourth Quarter 2017 Financial Highlights:

Net income increased 61% to $553,575 in the fourth quarter of 2017, compared to $343,895 in the fourth quarter of 2016. On a year-to-date basis, net income increased 56.5% to $1,780,805 at December 31, 2017 as compared to $1,137,718 at December 31, 2016.
Net interest income increased 6.8% to $2,089,783 in the fourth quarter of 2017, compared to $1,956,243 in the fourth quarter of 2016.
Net interest margin was 3.54% in the fourth quarter of 2017, as compared to 3.55% in the fourth quarter of 2016.
Credit quality remains strong.
The loan portfolio increased 11.5% or $21.5 million to $209.6 million in the fourth quarter of 2017, when compared to the fourth quarter of 2016 which was $188.0 million.
Book value per share increased to $10.03 per share compared to $9.39 a year ago. Tangible book value per share increased to $9.88 per share.

No provision for loan losses was taken in the quarter as a result of the reserve being at the appropriate level. The allowance for loan losses totaled $2.2 million at December 31, 2017, or 1.06% of total loans.

Total assets were $235.2 million at December 31, 2017, an increase of $2.6 million, or 1.1% from $232.7 million at December 31, 2016.

Total deposits were $205.2 million, at December 31, 2017, an increase of $4.3 million, or 2.1% from $200.9 million at December 31, 2016. Non-maturing deposits decreased 4.8% to $128.6 million from $135.1 million a year earlier at December 31, 2016.

Shareholder equity increased to $29.0 million at December 31, 2017, from $27.0 million at December 31, 2016.

President and CEO Boeka said, "We have a strong balance sheet that is comprised of good quality earning assets and this has contributed to our steady and progressive earnings growth. We continue to seek additional opportunities to enhance shareholder value."

The bank's capital ratios exceeded the regulatory guidelines for a well-capitalized financial institution under the Basel III and Dodd Frank Wall Street Reform requirements at December 31, 2017. The Bank reported the following capital ratios at December 31, 2017:

About Americas United Bank

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Fourth Quarter 2017 Financial Highlights:

Net income increased 61% to $553,575 in the fourth quarter of 2017, compared to $343,895 in the fourth quarter of 2016. On a year-to-date basis, net income increased 56.5% to $1,780,805 at December 31, 2017 as compared to $1,137,718 at December 31, 2016.
Net interest income increased 6.8% to $2,089,783 in the fourth quarter of 2017, compared to $1,956,243 in the fourth quarter of 2016.
Net interest margin was 3.54% in the fourth quarter of 2017, as compared to 3.55% in the fourth quarter of 2016.
Credit quality remains strong.
The loan portfolio increased 11.5% or $21.5 million to $209.6 million in the fourth quarter of 2017, when compared to the fourth quarter of 2016 which was $188.0 million.
Book value per share increased to $10.03 per share compared to $9.39 a year ago. Tangible book value per share increased to $9.88 per share.

Total assets were $235.2 million at December 31, 2017, an increase of $2.6 million, or 1.1% from $232.7 million at December 31, 2016.

Shareholder equity increased to $29.0 million at December 31, 2017, from $27.0 million at December 31, 2016.


Common Equity Tier 1 Capital Ratio	13.15	%

Tier 1 Leverage Ratio	12.03	%

Tier 1 Capital Ratio	13.15	%

Total Capital Ratio	14.20	%

About Americas United Bank

Americas United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking for businesses and high net worth individuals from its head office at 801 N. Brand Boulevard, Suite 180, Glendale, CA 91203, Commerce Office at 6001 E. Washington Boulevard Commerce, CA 90040, Santa Fe Springs Office at 10400 S. Norwalk Boulevard, Santa Fe Springs, CA 90670, and Lancaster Office at 539 West Lancaster Boulevard, Lancaster, CA 93534.

Information on products and services may be obtained by calling the Glendale Head Office at (818) 637-7000 or visiting the Bank's website at www.aubank.com. The Commerce office may be reached directly at (323) 724-8801, the Santa Fe Springs office may be reached directly at (562) 906-7220, and the Lancaster office may be reached directly at (661) 945-6955.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.


Americas United Bank Selected Financial and Operating Data

	Three-Months Ended																	Year-To-Date
	December 31,			September 30,			June 30,			March 31,			December 31,			Annual		December 31,						Annual
Income Statement	2017			2017			2017			2017			2016			Change		2017			2016			Change

Interest Income	$	2,468,373		$	2,389,344		$	2,402,388		$	2,171,351		$	2,228,805		10.7	%	$	9,431,456		$	8,360,626		12.8	%
Interest Expense		378,590			344,720			320,121			286,496			272,562		38.9	%		1,329,927			1,010,189		31.7	%
Net Interest Income		2,089,783			2,044,624			2,082,267			1,884,855			1,956,243		6.8	%		8,101,529			7,350,437		10.2	%
Provision for Loan Losses		0			0			0			0			0		NA			0			0		NA
Total Noninterest Income		105,331			130,191			116,915			131,304			135,372		-22.2	%		483,741			604,142		-19.9	%
Total Noninterest Expense		1,431,101			1,372,488			1,460,964			1,448,910			1,507,058		-5.0	%		5,713,463			6,009,854		-4.9	%
Income Before Taxes		764,013			802,327			738,218			567,249			584,557		30.7	%		2,871,807			1,944,725		47.7	%
Income Tax Expense		210,438			330,291			316,649			233,624			240,662		-12.6	%		1,091,002			807,007		35.2	%
Net Income	$	553,575		$	472,036		$	421,569		$	333,625		$	343,895		61.0	%	$	1,780,805		$	1,137,718		56.5	%

Performance Ratios
Basic Earnings Per Share	$	0.19		$	0.16		$	0.15		$	0.12		$	0.12				$	0.62		$	0.40
Diluted Earnings Per Share	$	0.18		$	0.16		$	0.14		$	0.11		$	0.12				$	0.59		$	0.38
Net Interest Margin		3.54	%		3.52	%		3.61	%		3.40	%		3.55	%				3.52	%		3.40	%
Return on Average Assets		0.92	%		0.80	%		0.71	%		0.59	%		0.61	%				0.76	%		0.51	%
Return on Average Equity		7.65	%		6.62	%		6.09	%		4.95	%		5.07	%				6.36	%		4.28	%
Efficiency Ratio		65.19	%		63.11	%		66.43	%		71.86	%		72.05	%				66.55	%		75.55	%


	December 31,			September 30,			June 30,			March 31,			December 31,			Annual
BALANCE SHEET	2017			2017			2017			2017			2016			Change

Cash and Due from Banks	$	3,870,519		$	3,280,890		$	2,707,852		$	3,509,194		$	4,392,834		-11.9	%
Investments & Int. Bearing Deposits at Banks		11,844,836			16,531,673			17,926,868			17,589,996			20,939,858		-43.4	%
Federal Funds/FRB Balances		8,805,564			20,605,533			23,030,504			8,399,906			17,320,018		-49.2	%
Total Cash & Investments		24,520,919			40,418,096			43,665,224			29,499,096			42,652,710		-42.5	%
Gross Loans		209,562,341			196,359,977			196,095,673			202,169,810			188,022,774		11.5	%
Allowance for Loan Losses		-2,211,168			-2,466,157			-2,466,015			-2,465,944			-2,465,851		-10.3	%
Loans, Net		207,351,173			193,893,820			193,629,658			199,703,866			185,556,923		11.7	%
Property and Equipment, Net		467,787			488,913			525,526			558,490			596,621		-21.6	%
Other Assets		2,891,138			2,878,195			3,123,569			3,731,372			3,860,483		-25.1	%
Total Assets	$	235,231,017		$	237,679,024		$	240,943,977		$	233,492,824		$	232,666,737		1.1	%

Non-Maturing Deposits	$	128,572,657		$	130,680,081		$	135,548,391		$	134,472,061		$	135,059,802		-4.8	%
Certificates of Deposit		76,599,757			73,493,516			72,584,759			66,862,996			65,793,214		16.4	%
Total Deposits		205,172,414			204,173,597			208,133,150			201,335,057			200,853,016		2.2	%
FHLB Advances and Other Borrowings		0			4,000,000			4,000,000			4,000,000			4,000,000		-100.0	%
Other Liabilities		1,061,523			1,097,707			889,135			712,723			765,761		38.6	%
Total Liabilities		206,233,937			209,271,304			213,022,285			206,047,780			205,618,777		0.3	%
Total Shareholders' Equity		28,997,080			28,407,720			27,921,692			27,445,044			27,047,960		7.2	%
Total Liabilities and Shareholders' Equity	$	235,231,017		$	237,679,024		$	240,943,977		$	233,492,824		$	232,666,737		1.1	%

Asset Quality Ratios
Nonperforming Loans to Total Loans		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Loss Allowance to Nonperforming Loans		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Allowance for Loan Losses to Loans		1.06	%		1.26	%		1.26	%		1.22	%		1.31	%
Nonperforming Assets to Total Assets		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Texas Ratio (NPAs/T1 Capital & ALLL)		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

Capital Ratios
Tier 1 Leverage Ratio		12.03	%		11.91	%		11.48	%		11.49	%		11.50	%
Tier 1 Risk-Based Capital Ratio		13.15	%		13.64	%		13.36	%		12.53	%		13.21	%
Total Risk-Based Capital Ratio		14.20	%		14.88	%		14.61	%		13.74	%		14.46	%
Common Equity Tier 1 Risk-Based Capital		13.15	%		13.64	%		13.36	%		12.53	%		13.21	%
Book Value Per Share	$	10.03		$	9.86		$	9.69		$	9.53		$	9.39
Common Shares Issued and Outstanding		2,890,150			2,880,150			2,880,150			2,880,150			2,880,150

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