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Market Overview

American Riviera Bank Reports Record Quarterly Net Income


American Riviera Bank (OTC Markets: ARBV) announced today unaudited net
income of $1,768,000 ($0.35 per share) for the quarter ended March 31,
2019. This represents a 31% increase in net income from the $1,352,000
($0.31 per share) for the same reporting period in the prior year. The
annualized return on average assets of 1.19% and return on average
equity of 11.90% represent an increase from the 1.09% and 10.27%,
respectively, achieved for the same reporting period in the prior year.

The Bank experienced significant organic growth in the last year,
reporting $639 million in total assets as of March 31, 2019. Asset
growth was made possible by total deposits increasing 16% from March 31,
2018, reaching $546 million at March 31, 2019. Non-interest bearing
demand deposit accounts increased $32 million, or 21% since the same
reporting period last year, reaching $187 million at March 31, 2019.

The Bank reported strong loan growth, with loans increasing $89 million,
or 20% from March 31, 2018, reaching $521 million at March 31, 2019 with
no other real estate owned. The Bank reported an annualized net interest
margin of 4.42% for the three months ended March 31, 2019.

Jeff DeVine, President and Chief Executive Officer, stated, "The
first quarter of 2019 has set the stage for an exciting year. With the
completion of our stock offering, the anticipated opening of our full
service San Luis Obispo branch and commercial banking center in the
second quarter of 2019, and strong organic growth in both loans and
deposits, American Riviera Bank is positioned to continue our commitment
to our clients and shareholders as the Central Coast's community bank."

American Riviera Bank reported an increased capital position with a Tier
1 Capital Ratio of 12%, well above the regulatory guideline of 8% for
well capitalized institutions. The increased capital position was due to
strong earnings and the completion of an $8.5 million common stock
offering in the first quarter of 2019. The tangible book value per share
of American Riviera Bank common stock is $13.07 at March 31, 2019, a 14%
increase from $11.44 at March 31, 2018.

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. Commercial lending offices are
located at 30 East Figueroa Street in Santa Barbara and 1085 Higuera
Street in San Luis Obispo. Our residential loan production office is
located at 18 East Figueroa Street in Santa Barbara. For nine
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 2018 and 2017. As of December 31, 2018,
the Bank was rated five stars by BauerFinancial.

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)
    Mar 31, Mar 31, One Year
  2019 2018 Change
Cash & Due From Banks $ 48,835 $ 46,821 4 %
Fed Funds Sold - 616 -100 %
Securities 44,123 38,862 14 %
Loans 520,857 432,345 20 %
Allowance For Loan Losses   (5,661 )   (4,529 ) 25 %
Net Loans 515,196 427,816 20 %
Fixed Assets 5,588 4,868 15 %
Goodwill and Other Intangibles 5,472 5,650 -3 %
Other Assets   19,524     15,152   29 %
Total Assets   638,738     539,785   18 %
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