American Riviera Bank Reports Profitable Growth

American Riviera Bank (OTCBB: ARBV) announced today unaudited net income of $391,000 ($0.15 per share) for the quarter ended June 30, 2013 and $730,163 ($0.29 per share) for the six months ended June 30, 2013. Pre-tax income for the quarter increased 68% to $649,000 at June 30, 2013 compared to the $386,000 reported for the quarter ended June 30, 2012. Pre-tax income for the first six months of 2013 was $1,211,334, an 83% improvement from the $660,928 reported for the first six months of 2012.

The Bank has experienced strong growth in loans, reporting $138 million in average loans for the second quarter of 2013, which represents a 22% increase from the second quarter of 2012. Although there has been some pressure on net interest margin due to competition for quality loans in our community, net interest margin remains well above peer average at 4.68% year to date, and 4.64% in the most recent quarter, due to the funding advantage provided by an increase in non-interest bearing deposits.

American Riviera Bank has also experienced consistent growth in deposits, reporting $145 million in total deposits at June 30, 2013. The Bank grew non-interest bearing checking accounts to $40 million at quarter end, a 48% increase compared to the same reporting period last year.

Jeff DeVine, President and Chief Executive Officer, stated, “The Bank is pleased to be experiencing consistent growth from our existing Santa Barbara branch as well as our new Montecito branch. The new clients and increased deposits have enabled us to grow loans and meet significant local loan demand. We are excited to serve an expanding number of clients throughout the community and look forward to helping each client achieve their goals.”

The Bank has $180 million in total assets, and maintains a strong capital position with Tier 1 Capital to total average assets of 14% as of June 30, 2013, well above the regulatory guideline of 5% for well capitalized institutions. The book value of one share of American Riviera Bank stock is $9.53 at June 30, 2013, an increase from $8.99 at June 30, 2012.

Company Profile

American Riviera Bank is a full-service community bank, focused on serving the financial needs of businesses and consumers in our community. The Bank was founded in 2006 by over 400 local shareholders and currently has two branches located at 1033 Anacapa Street in downtown Santa Barbara and 525 San Ysidro Road in Montecito. For 2012, the Bank was named a “Premier Performer” by the Findley Reports.

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 conditions.

American Riviera BankMichelle Martinich, 805-965-5942www.americanrivierabank.com

American Riviera Bancorp (QX) (USOTC:ARBV)
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