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Market Overview

American Riviera Bank Reports Record Quarterly Earnings


American Riviera Bank (OTC Markets: ARBV) announced today unaudited net
income of $4,398,000 ($0.99 per share) for the nine months ended
September 30, 2018. This represents a 26% increase in net income from
the $3,501,000 ($0.80 per share) for the same reporting period in the
prior year. The annualized return on average assets of 1.06% and return
on average equity of 10.38% represents an increase from the 0.99% and
8.92%, respectively, achieved for the same reporting period in the prior
year. The Bank reported its best quarter ever with unaudited net income
of $1,571,000 ($0.35 per share) for the third quarter ended September
30, 2018 compared to $1,383,000 ($0.31 per share) for the same reporting
period in the prior year.

As of September 30, 2018 the Bank reported $504 million in total
deposits. This represents a 9% increase from the same reporting period
prior year. Checking accounts, comprised of non-interest bearing demand
deposits and interest bearing NOW accounts, increased by $40 million or
19% from the same quarter last year.

Loan demand remains strong, with total loans increasing $83 million or
21% from September 30, 2017, reaching $489 million at September 30, 2018
with no loans that were 90 days or more past due and no other real
estate owned. The Bank reported an annualized net interest margin of
4.47% for the nine months ending September 30, 2018.

Jeff DeVine, President and Chief Executive Officer stated, "The
third quarter was another strong quarter for American Riviera Bank, as
we are quickly approaching $600 million in assets and continue to
increase profitability. Moving forward, we remain committed to being the
leading independent bank on the Central Coast and continue to make
American Riviera Bank better for its shareholders, customers and
employees. Our organic growth and community centric approach continues
to differentiate us in the market as we solidify our position as the
Central Coast's leading community bank."

As of September 30, 2018, American Riviera Bank maintained a strong
capital position with a Tier 1 Capital Ratio of 10%, well above the
regulatory guideline of 8% for well capitalized institutions. The
tangible book value per share of American Riviera Bank common stock is
$11.96 at September 30, 2018, an 8% increase from $11.12 at September
30, 2017.

Company Profile

American Riviera Bank is a full-service community bank focused on
serving the lending and deposit needs of businesses and consumers on the
Central Coast of California. The state-chartered bank opened for
business on July 18, 2006, with the support of local shareholders.
Full-service branches are located at 1033 Anacapa Street in Santa
Barbara, 525 San Ysidro Road in Montecito, 5880 Calle Real in Goleta and
1601 Spring Street in Paso Robles with the Santa Barbara Lending office
at 30 East Figueroa and a residential loan production office located at
18 East Figueroa in Santa Barbara. For eight consecutive years the Bank
has been recognized for strong financial performance by the Findley
Reports, and received the highest "Super Premier" rating from Findley
for 2017. As of June 30, 2018, the Bank was rated five stars by

Statements concerning future performance, developments or events
concerning expectations for growth and market forecasts, and any other
guidance on future periods, constitute forward looking statements that
are subject to a number of risks and uncertainties. Actual results may
differ materially from stated expectations. Specific factors include,
but are not limited to, effects of interest rate changes, ability to
control costs and expenses, impact of consolidation in the banking
industry, financial policies of the US government, and general economic

Balance Sheets (unaudited)                  
(dollars in thousands)
  Sep 30, Sep 30, One Year
    2018 2017 Change
Cash & Due From Banks $ 31,392 $ 59,861 -48 %
Fed Funds Sold - 11,428 -100 %
Securities 46,549 22,351 108 %
Loans 489,401 405,947 21 %
Allowance For Loan Losses   (5,242 )   (4,076 ) 29 %
Net Loans 484,159 401,871 20 %
Fixed Assets 5,308 1,261 321 %
Goodwill and Other Intangibles 6,417 5,740 12 %
Other Assets   15,178     15,716   -3 %
Total Assets   589,003     518,228   14 %
Liabilities & Shareholders' Equity
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