American Riviera Bancorp Announces Results for the Second Quarter of 2025

Rhea-AI Summary

American Riviera Bancorp (OTCQX:ARBV) reported strong Q2 2025 financial results with unaudited net income of $2.6 million ($0.46 per share), up from $2.3 million in Q1 2025. The bank achieved significant milestones with total loans exceeding $1.02 billion and total deposits reaching $1.13 billion, both representing 5.9% year-over-year growth.

Key performance metrics showed improvement with net interest margin increasing to 3.65% and total shareholders' equity growing 11.6% year-over-year to $117.6 million. The bank maintains strong liquidity with $445.2 million in available funding sources and robust capital ratios. During Q2, the company repurchased 30,616 shares at an average cost of $18.22 per share.

Positive

• Net income increased to $2.6 million in Q2 2025, up from $2.3 million in Q1 2025
• Total loans grew by $56.6 million (5.9%) year-over-year to $1.02 billion
• Total deposits increased by $63.5 million (5.9%) year-over-year to $1.13 billion
• Net interest margin improved to 3.65%, up 41 basis points year-over-year
• Shareholders' equity increased 11.6% year-over-year to $117.6 million
• Cost of funds improved to 1.50%, down 20 basis points year-over-year

Negative

• Non-accrual loans increased to $8.4 million, up $7.8 million from June 30, 2024
• Non-interest expense increased slightly to $8.3 million from $8.1 million year-over-year
• Unrealized loss on securities remains significant at $17.9 million despite slight improvement

SANTA BARBARA, CA / ACCESS Newswire / July 23, 2025 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $5.0 million ($0.86 per share) for the six months ended June 30, 2025, compared to $4.6 million ($0.80 per share) earned in the same reporting period in the previous year. Unaudited net income was $2.6 million ($0.46 per share) for the three months ended June 30, 2025, compared to $2.3 million ($0.40 per share) in the previous quarter, and $2.5 million ($0.42 per share) earned in the same reporting period in the previous year.

Total deposits were $1.13 billion at June 30, 2025, an increase of $63.5 million or 5.9% from June 30, 2024. At June 30, 2025, all deposits were "core deposits" from our clients, with no wholesale-funded certificates of deposit. Total loans were $1.02 billion at June 30, 2025, an increase of $56.6 million or 5.9% from June 30, 2024. Total loans grew $25.5 million or 2.6% in the second quarter of 2025.

Jeff DeVine, President and CEO of the Company and the Bank stated, "We achieved strong loan growth this quarter from new loans as well as advances on existing commitments. Our clients have helped us exceed a milestone of $1 billion in loans in our community. We also celebrate the one-year anniversary of our Atascadero branch which has successfully grown to over $30 million in core deposits."

Second Quarter Highlights

• Total shareholders' equity of $117.6 million at June 30, 2025, has increased $12.2 million or 11.6% from the same reporting period in the previous year.

• Tangible book value per share of $19.40 at June 30, 2025, has increased $2.14 or 12.4% from the same reporting period in the previous year.

• Pursuant to the approved share repurchase program, the Company acquired 30,616 shares of common stock at a weighted average cost of $18.22 in the second quarter of 2025, which was below tangible book value per share.

• Bank and Company capital ratios continued to increase in the second quarter of 2025. The Bank's regulatory capital ratios were all above "well-capitalized" standards. The Company's tangible common equity ratio at June 30, 2025, was 8.70%, an increase from 7.92% at June 30, 2024.

• Non-interest-bearing demand deposits were $447.5 million or 39.6% of total deposits at June 30, 2025. Total demand deposits were $582.1 million or 51.4% of total deposits at June 30, 2025.

• As a result of the continued favorable shift to core funding and the impact of deposit pricing changes made in the fourth quarter of 2024, cost of deposits and total cost of funds were stable from the first quarter of 2025 at 1.39% and 1.50%, respectively. Total cost of funds has improved by 20 basis points from the 1.70% reported for the same quarter in the prior year.

• Net interest margin improved 4 basis points to 3.65% for the second quarter of 2025, compared to 3.61% in the prior quarter, and 41 basis points from 3.24% for the same quarter in the prior year as a result of steady loan yield improvement and the decline in cost of funds.

• Consolidated return on average assets was 0.83%, return on average equity was 9.14% and efficiency ratio was 67.26% for the second quarter of 2025, with sequential improvement in all of these ratios over the past two quarters.

• On-balance sheet liquidity continues to be substantial with $190.2 million of cash, due from banks, and available-for-sale ("AFS") securities market value at June 30, 2025.

• Access to available sources of liquidity including fed funds lines of credit with correspondent banks, unused secured borrowing capacity with the Federal Home Loan Bank ("FHLB"), and unused secured borrowing capacity with the Federal Reserve totaled $445.2 million at June 30, 2025.

• At June 30, 2025, the Bank's commercial real estate ("CRE") portfolio is diverse, with only $81.4 million in the non-owner-occupied office category and weighted average loan-to-values of 30% to 52% depending on the individual CRE category. As of the most recent CRE stress test in January 2025, weighted average debt coverage ratios were between 1.69x and 4.11x depending on the individual CRE category.

• The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $8.4 million or 0.83% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Second Quarter Earnings

For the second quarter of 2025, unaudited net income was $2.6 million, compared to $2.3 million reported in the first quarter of 2025, and $2.5 million reported in the second quarter of 2024. Unaudited net income pre-tax, pre-provision (non-GAAP) was $4.0 million in the second quarter of 2025, a notable increase from the $3.6 million reported in the first quarter of 2025, and $3.5 million reported in the second quarter of 2024.

The Bank continues to grow interest and fees on loans sequentially over the last five quarters from $13.0 million in the second quarter of 2024 to $14.2 million in the second quarter of 2025, representing a $1.2 million or 8.6% increase.

Total interest expense has decreased from $4.9 million in the second quarter of 2024 to $4.3 million in the second quarter of 2025, a $0.6 million or 12.1% decrease. Total interest expense has notably declined over the last year due to the favorable shift in funding mix, reduced borrowings and deposit rate reductions which followed the Federal Reserve's actions in late 2024 to lower its target rate.

Net interest income pre-provision increased $0.3 million or 2.4% in the second quarter of 2025 compared to the first quarter of 2025, and increased $1.4 million or 13.5% compared to the second quarter of 2024.

Non-Interest Income and Expense

Total non-interest income was $0.9 million for the second quarter of 2025, compared to $0.8 million in the prior quarter, and $1.5 million for the same quarter last year. The second quarter of 2024 non-interest income included a non-recurring $0.5 million pre-tax gain on the redemption of $1.5 million in subordinated debentures. Variances between the quarters can be attributed to SBA loan sale premiums, mortgage broker fees, loan interest rate swap fees, and loan prepayment fees.

Total non-interest expense was $8.3 million for the second quarter of 2025, a decrease from the $8.4 million reported for the prior quarter, and slight increase from the $8.1 million reported for the same quarter last year. The third and fourth quarters of 2024 benefitted from reduced bonus accrual expense offset by non-recurring expenses related to check fraud which were partially recovered in the first quarter of 2025. Variances between the quarters can be attributed to timing of expenses related to advertising, events, and legal costs.

Loans and Asset Quality
Total loans were $1,020.3 million at June 30, 2025, an increase of $25.5 million or 2.6% from the prior quarter-end, and an increase of $56.6 million or 5.9% from June 30, 2024.

The Bank's Allowance for Credit Losses ("ACL") was $12.5 million at June 30, 2025, with a resulting coverage ratio of 1.22%, as compared to $11.7 million or 1.21% at June 30, 2024. As of June 30, 2025, non-accrual loans totaled $8.4 million, a $3.6 million increase from the previous quarter-end, and a $7.8 million increase from the $0.6 million reported at June 30, 2024. The increase to non-accrual loans this quarter is attributed to two loans to related borrowers. The two loans are well secured by senior liens on real estate and the borrowers have indicated their intention to keep payments current in order to maintain their favorable interest rates and avoid foreclosure. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings

Total deposits were $1.13 billion at June 30, 2025, unchanged from the prior quarter-end, and an increase of $63.5 million or 5.9% from June 30, 2024. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at June 30, 2025.

Non-interest-bearing demand deposits totaled $447.5 million at June 30, 2025, an increase of $2.0 million or 0.4% from the prior quarter-end, and an increase of $22.5 million or 5.3% from June 30, 2024. Non-interest-bearing demand deposits represent 39.6% of total deposits at June 30, 2025, compared to 39.3% at the prior quarter-end, and 39.8% at June 30, 2024.

Interest-bearing demand deposits totaled $134.5 million at June 30, 2025, an increase of $18.1 million or 15.6% from the prior quarter-end, and an increase of $24.2 million or 21.9% from June 30, 2024. Total demand deposits, including interest-bearing demand, represent 51.4% of total deposits at June 30, 2025, compared to 49.5% at the prior quarter-end, and 50.1% at June 30, 2024.

Other interest-bearing deposits totaled $549.4 million at June 30, 2025, a decrease of $23.5 million or 4.1% from the prior quarter-end, and an increase of $16.7 million or 3.1% from June 30, 2024.

The weighted average cost of deposits for the second quarter of 2025 remained at 1.39%, the same as the first quarter of 2025, and slightly higher compared to 1.35% for the same quarter of last year.

The Company's total borrowings increased to $38.5 million at June 30, 2025, from $26.5 million at March 31, 2025. At June 30, 2025, the Company had $10.0 million drawn on a correspondent bank line of credit at a rate of 3.85%, $16.5 million of subordinated notes outstanding at a rate of 3.75% and the remainder of $12.0 million in a short term FHLB advance with a rate of 4.64%. The weighted average cost on all borrowings for the second quarter of 2025 was 4.13%, resulting in $0.5 million in interest expense on borrowings, a slight increase compared to the $0.4 million of borrowing expense for the previous quarter, and notably lower than the $1.4 million incurred for the same quarter last year.

As a result of the continued favorable shift to core funding and the year-to-date impact of deposit pricing changes made in the fourth quarter of 2024, total cost of funds is stable at 1.50%, and 20 basis points better than the 1.70% reported in the same quarter of last year. The Company's net interest margin slightly improved 4 basis points to 3.65% for the second quarter of 2025, compared to 3.61% in the prior quarter, and improved a significant 41 basis points from the 3.24% reported for the same quarter of last year as a result of steady loan yield improvement and decline in cost of funds.

The Bank's liquidity position remained strong with a primary liquidity ratio (cash and cash equivalents, deposits held in other banks and unpledged AFS securities as a percentage of total assets) of 14.8% at June 30, 2025, compared to 14.2% at March 31, 2025. As of June 30, 2025, the Bank had available and unused, secured borrowing capacity with the FHLB of San Francisco of $257.5 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $44.8 million. In addition, the Bank had $142.9 million of unused fed funds lines of credit with correspondent banks at June 30, 2025. Available contingent funding sources of $445.2 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $401.0 million, or 35.4% of total deposit balances as of June 30, 2025. The actual level of uninsured deposits is lower than the percentage stated above, as our knowledgeable bankers have helped clients obtain more than $250,000 of FDIC insurance with vesting structures such as joint accounts, payable upon death accounts, and revocable trust accounts with multiple beneficiaries. In addition, the Bank can offer up to $50 million of FDIC pass-through insurance to clients via the IntraFi network Insured Cash Sweep ("ICS") or Certificate of Deposit Account Registry Service ("CDARS") products.

Shareholders' Equity
Total shareholders' equity was $117.6 million at June 30, 2025, a $2.5 million or 2.2% increase since March 31, 2025, and an increase of $12.2 million or 11.6% over the same period of the prior year. The tax adjusted unrealized loss on securities, which is a component of equity (accumulated other comprehensive income or "AOCI"), slightly improved $0.2 million or 1.1% from $18.1 million at March 31, 2025, to $17.9 million at June 30, 2025. Additionally, negative AOCI has decreased $3.0 million or 14.2% from June 30, 2024 to June 30, 2025. The Bank fully expects to receive all principal when the investments mature.

As of June 30, 2025, the Company had repurchased 30,616 shares of common stock at a weighted average cost of $18.22, leaving $4.4 million available for repurchase under the share repurchase program.

Company Profile

American Riviera Bancorp (OTCQX:ARBV) is a registered bank holding company headquartered in Santa Barbara, California. American Riviera Bank, the 100% owned subsidiary of American Riviera Bancorp, 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 in Santa Barbara, Montecito, Goleta, Santa Maria, San Luis Obispo, Atascadero, and Paso Robles. The Bank provides commercial business, commercial real estate, residential mortgage, construction, and Small Business Administration lending services as well as convenient online and mobile technology. The Bank maintains a "5 Star - Superior" rating from Bauer Financial and for fourteen consecutive years, has been recognized for strong financial performance by the Findley Reports. The Bank was rated "Outstanding" by the Federal Deposit Insurance Corporation in 2023 for its performance under the Community Reinvestment Act. The Company was named to the "OTCQX Best 50" list for equal weighted share trading volume and total return in 2024.

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American Riviera Bank
www.americanriviera.bank
805-965-5942
Michelle Martinich

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 Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
		June 30,				June 30,				One Year				One Year
		2025				2024				$ Change				% Change
Assets
Cash & Due From Banks		$	28,111			$	28,557			$	(446	)			-2	%
Available-for-sale securities			162,089				189,514				(27,425	)			-14	%
Held-to-maturity securities, net			41,392				41,360				32				0	%
Loans			1,020,261				963,701				56,560				6	%
Allowance For Credit Losses			(12,496	)			(11,694	)			(802	)			7	%
Net Loans			1,007,765				952,007				55,758				6	%
Premise & Equipment			7,773				8,527				(754	)			-9	%
Operating Lease Right-of-Use Asset			6,184				4,636				1,548				33	%
Bank Owned Life Insurance			12,370				11,930				440				4	%
Stock in Other Banks			6,786				6,786				-				0	%
Goodwill and Other Intangibles			4,889				4,956				(67	)			-1	%
Other Assets			23,086				24,933				(1,847	)			-7	%
Total Assets		$	1,300,445			$	1,273,206			$	27,239				2	%
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	447,534			$	424,991			$	22,543				5	%
Interest-bearing Demand Deposits			134,538				110,323				24,215				22	%
Other Interest-bearing Deposits			549,404				532,656				16,748				3	%
Total Deposits			1,131,476				1,067,970				63,506				6	%
Borrowed Funds			38,500				86,500				(48,000	)			-55	%
Allowance for credit losses on off-balance sheet exposures			993				649				344				53	%
Other Liabilities			11,865				12,693				(828	)			-7	%
Total Liabilities			1,182,834				1,167,812				15,022				1	%
Common Stock			67,914				67,509				405				1	%
Retained Earnings			67,645				58,812				8,833				15	%
Other Capital			(17,948	)			(20,927	)			2,979				14	%
Total Shareholders' Equity			117,611				105,394				12,217				12	%
Total Liabilities & Shareholders' Equity		$	1,300,445			$	1,273,206			$	27,239				2	%

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
		June 30,				March 31,				December 31,				September 30,				June 30,
		2025				2025				2024				2024				2024
Assets
Cash & Due From Banks		$	28,111			$	30,525			$	20,948			$	40,549			$	28,557
Available-for-sale securities			162,089				175,787				178,082				188,173				189,514
Held-to-maturity securities			41,392				41,410				41,393				41,377				41,360
Loans			1,020,261				994,788				989,941				976,257				963,701
Allowance for Credit Losses			(12,496	)			(11,859	)			(11,572	)			(11,694	)			(11,694	)
Net Loans			1,007,765				982,928				978,369				964,563				952,007
Premise & Equipment			7,773				7,943				8,221				8,477				8,527
Operating Lease Right-of-Use Asset			6,184				4,528				4,841				5,153				4,636
Bank Owned Life Insurance			12,370				12,254				12,131				12,027				11,930
Stock in Other Banks			6,786				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,889				4,898				4,911				4,939				4,956
Other Assets			23,086				21,725				23,629				22,716				24,933
Total Assets		$	1,300,445			$	1,288,784			$	1,279,312			$	1,294,758			$	1,273,206
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	447,534			$	445,533			$	431,031			$	466,537			$	424,991
Interest-bearing Demand Deposits			134,538				116,425				116,995				116,624				110,323
Other Interest-bearing Deposits			549,404				572,936				565,312				549,601				532,656
Total Deposits			1,131,476				1,134,894				1,113,338				1,132,762				1,067,970
Borrowed Funds			38,500				26,500				41,500				36,500				86,500
Allowance for credit losses on off-balance sheet exposures			993				1,126				1,052				649				649
Other Liabilities			11,865				11,158				12,039				12,723				12,693
Total Liabilities			1,182,834				1,173,678				1,167,929				1,182,634				1,167,812
Common Stock			67,914				67,914				68,041				67,841				67,509
Retained Earnings			67,645				65,334				63,012				60,901				58,812
Other Capital			(17,948	)			(18,142	)			(19,670	)			(16,617	)			(20,927	)
Total Shareholders' Equity			117,611				115,106				111,383				112,125				105,394
Total Liabilities & Shareholders' Equity		$	1,300,445			$	1,288,784			$	1,279,312			$	1,294,758			$	1,273,206

American Riviera Bancorp and Subsidiaries
Average Balance Sheets (unaudited)
(dollars in thousands)
			2Q 2025				1Q 2025				4Q 2024				3Q 2024				2Q 2024
			Average				Average				Average				Average				Average
Assets
Cash & Due From Banks		$	21,159			$	28,207			$	49,181			$	36,917			$	33,015
Available-for-sale securities			166,833				176,964				183,256				188,006				192,448
Held-to-maturity securities			41,414				41,400				41,383				41,367				41,349
Loans			1,007,429				988,262				980,848				965,895				957,353
Allowance for Credit Losses			(12,010	)			(11,575	)			(11,692	)			(11,694	)			(11,649	)
Net Loans			995,419				976,687				969,156				954,201				945,704
Premise & Equipment			7,910				8,118				8,384				8,612				8,512
Operating Lease Right-of-Use Asset			4,636				4,676				4,945				5,013				4,787
Bank Owned Life Insurance			12,330				12,183				12,072				11,975				11,881
Stock in Other Banks			6,786				6,786				6,786				6,786				6,770
Goodwill and Other Intangibles			4,894				4,904				4,925				4,947				4,964
Other Assets			20,943				21,893				22,926				23,289				24,448
Total Assets		$	1,282,324			$	1,281,818			$	1,303,014			$	1,281,113			$	1,273,878
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	433,652				435,938				452,802				441,631				417,509
Interest-bearing Demand Deposits			120,062				113,411				113,218				114,737				118,367
Other Interest-bearing Deposits			554,088				568,440				584,053				547,344				513,340
Total Deposits			1,107,802				1,117,789				1,150,073				1,103,712				1,049,216
Borrowed Funds			47,231				37,389				27,772				55,181				108,941
Allowance for credit losses on off-balance sheet exposures			1,092				1,053				654				649				617
Other Liabilities			10,208				12,364				13,125				13,535				12,413
Total Liabilities			1,166,333				1,168,595				1,191,624				1,173,077				1,171,187
Common Stock			68,092				68,076				68,057				67,676				67,342
Retained Earnings			66,288				64,320				61,775				59,846				57,810
Other Capital			(18,389	)			(19,173	)			(18,442	)			(19,486	)			(22,461	)
Total Shareholders' Equity			115,991				113,223				111,390				108,036				102,691
Total Liabilities & Shareholders' Equity		$	1,282,324			$	1,281,818			$	1,303,014			$	1,281,113			$	1,273,878

American Riviera Bancorp and Subsidiaries
Statement of Income (unaudited)
(dollars in thousands, except per share data)
		Quarter Ended												Six Months Ended
		June 30,				June 30,								June 30,				June 30,
		2025				2024				Change				2025				2024				Change
Interest Income
Interest and Fees on Loans		$	14,168			$	13,043				9	%		$	27,866			$	25,715				8	%
Interest on Securities			1,439				1,595				-10	%			2,928				3,306				-11	%
Interest on Due From Banks			82				291				-72	%			244				443				-45	%
Total Interest Income			15,689				14,929				5	%			31,038				29,464				5	%
Interest Expense
Interest Expense on Deposits			3,822				3,534				8	%			7,687				6,340				21	%
Interest Expense on Borrowings			487				1,370				-64	%			860				2,908				-70	%
Total Interest Expense			4,309				4,904				-12	%			8,547				9,248				-8	%
Net Interest Income			11,380				10,025				14	%			22,491				20,217				11	%
Provision for Credit Losses			634				45				-				921				43				-
Provision for Off-Balance Sheet Credit Exposures			(133	)			33				-				(59	)			67				-
Net Interest Income After Provision			10,879				9,947				9	%			21,629				20,107				8	%
Non-Interest Income
Service Charges, Commissions and Fees			639				731				-13	%			1,187				1,251				-5	%
Other Non-Interest Income			247				805				-69	%			514				1,165				-56	%
Total Non-Interest Income			886				1,536				-42	%			1,701				2,416				-30	%
Non-Interest Expense
Salaries and Employee Benefits			5,250				5,104				3	%			10,648				10,327				3	%
Occupancy and Equipment			929				893				4	%			1,866				1,766				6	%
Other Non-Interest Expense			2,072				2,097				-1	%			4,109				4,068				1	%
Total Non-Interest Expense			8,251				8,094				2	%			16,623				16,161				3	%
Net Income Before Provision for Taxes			3,514				3,389				4	%			6,707				6,362				5	%
Provision for Taxes			870				934				-7	%			1,740				1,727				1	%
Net Income		$	2,644			$	2,455				8	%		$	4,967			$	4,635				7	%
Shares Outstanding			5,810,042				5,819,759				0	%			5,810,042				5,819,759				0	%
Earnings Per Share - Basic		$	0.46			$	0.42				10	%		$	0.86			$	0.80				7	%
Return on Average Assets			0.83	%			0.77	%			8	%			0.78	%			0.73	%			7	%
Return on Average Equity			9.14	%			9.57	%			-4	%			8.74	%			9.11	%			-4	%
Net Interest Margin			3.65	%			3.24	%			13	%			3.63	%			3.28	%			11	%

American Riviera Bancorp and Subsidiaries
Five Quarter Statements of Income (unaudited)
(dollars in thousands, except per share data)
		Three Months Ended
		June 30,				March 31,				December 31,				September 30,				June 30,
		2025				2025				2024				2024				2024
Interest Income
Interest and Fees on Loans		$	14,168			$	13,698			$	13,426			$	13,395			$	13,043
Interest on Securities			1,439				1,489				1,518				1,577				1,595
Interest on Due From Banks			82				162				445				305				291
Total Interest Income			15,689				15,349				15,389				15,277				14,929
Interest Expense
Interest Expense on Deposits			3,822				3,865				4,555				4,225				3,534
Interest Expense on Borrowings			487				373				258				624				1,370
Total Interest Expense			4,309				4,238				4,813				4,849				4,904
Net Interest Income			11,380				11,111				10,576				10,428				10,025
Provision for Credit Losses			634				287				(121	)			-				45
Provision for Off-Balance Sheet Credit Exposures			(133	)			74				403				-				33
Net Interest Income After Provision			10,879				10,750				10,294				10,428				9,947
Non-Interest Income
Service Charges, Commissions and Fees			639				548				530				606				731
Other Non-Interest Income			247				267				299				272				805
Total Non-Interest Income			886				815				828				878				1,536
Non-Interest Expense
Salaries and Employee Benefits			5,250				5,398				4,705				4,965				5,104
Occupancy and Equipment			929				937				981				978				893
Other Non-Interest Expense			2,072				2,037				2,432				2,429				2,097
Total Non-Interest Expense			8,251				8,372				8,118				8,372				8,094
Net Income Before Provision for Taxes			3,514				3,193				3,004				2,935				3,389
Provision for Taxes			870				870				986				845				934
Net Income		$	2,644			$	2,323			$	2,018			$	2,089			$	2,455
Shares Outstanding			5,810,042				5,833,247				5,815,818				5,833,825				5,819,759
Earnings Per Share - Basic		$	0.46			$	0.40			$	0.35			$	0.36			$	0.42
Net Income pre-tax, pre-provision (Non-GAAP)		$	4,015			$	3,554			$	3,286			$	2,935			$	3,467

American Riviera Bancorp and Subsidiaries
Selected Financial Highlights (unaudited)
(dollars in thousands, except per share data)
		At or for the Three Months Ended
		June 30,				March 31,				December 31,				September 30,				June 30,
		2025				2025				2024				2024				2024
Income and performance ratios:
Net Income		$	2,644			$	2,323			$	2,018			$	2,089			$	2,455
Earnings per share - basic			0.46				0.40				0.35				0.36				0.42
Return on average assets			0.83	%			0.74	%			0.62	%			0.65	%			0.77	%
Return on average equity			9.14	%			8.39	%			7.27	%			7.73	%			9.57	%
Loan yield			5.64	%			5.62	%			5.45	%			5.52	%			5.48	%
Cost of funds			1.50	%			1.49	%			1.63	%			1.66	%			1.70	%
Cost of deposits			1.39	%			1.39	%			1.58	%			1.52	%			1.35	%
Net interest margin			3.65	%			3.61	%			3.32	%			3.33	%			3.24	%
Efficiency ratio (b)			67.26	%			70.20	%			71.18	%			74.06	%			70.30	%
Balance Sheet ratios:
Loan-to-deposit ratio			90.17	%			87.65	%			88.92	%			86.18	%			90.24	%
Non-interest-bearing deposits / total deposits			39.55	%			39.26	%			38.72	%			41.19	%			39.79	%
Demand deposits / total deposits			51.44	%			49.52	%			49.22	%			51.48	%			50.12	%
Asset quality:
Allowance for credit losses		$	12,496			$	11,859			$	11,572			$	11,694			$	11,694
Nonperforming assets			8,442				4,799				6,098				521				614
Allowance for credit losses / total loans and leases			1.22	%			1.19	%			1.17	%			1.20	%			1.21	%
Net charge-offs / average loans and leases (annualized)			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Texas ratio (a)			8.42	%			4.87	%			5.47	%			0.54	%			0.69	%
Capital ratios for American Riviera Bank(c):
Tier 1 risk-based capital			13.39	%			13.34	%			13.21	%			12.93	%			12.85	%
Total risk-based capital			14.59	%			14.51	%			14.36	%			14.05	%			13.99	%
Tier 1 leverage ratio			11.78	%			11.55	%			11.17	%			11.15	%			11.00	%
Capital ratios for American Riviera Bancorp(c):
Tier 1 risk-based capital			11.61	%			11.61	%			11.49	%			11.24	%			11.17	%
Total risk-based capital			14.19	%			14.17	%			14.05	%			13.80	%			13.77	%
Tier 1 leverage ratio			10.16	%			9.89	%			9.72	%			9.70	%			9.56	%
Tangible common equity ratio			8.70	%			8.58	%			8.35	%			8.31	%			7.92	%
Equity and share related:
Common equity		$	117,611			$	115,106			$	111,383			$	112,125			$	105,394
Book value per share			20.24				19.73				19.15				19.22				18.11
Tangible book value per share			19.40				18.89				18.31				18.37				17.26
Tangible book value per share, excluding AOCI (d)			22.49				22.00				21.69				21.22				20.85
Stock closing price per share			19.27				19.16				20.00				19.40				16.60
Number of shares issued and outstanding			5,810.04				5,833.25				5,815.82				5,833.83				5,819.76
Notes:
(a) Sum of Nonperforming assets and Other Real Estate Owned, divided by the sum of Total Shareholder Equity and Total Allowance for Credit Losses less Preferred Stock and Intangible Assets.
(b) Annualized Operating Expense excluding Provision for Credit Losses minus Annualized Extraordinary Expense, divided by Annualized Interest Income including Loan Fees minus Annualized Interest Expense plus Annualized Non-Interest Income minus Annualized Extraordinary Income, expressed as a percentage.
(c) Current period capital ratios are preliminary.
(d) Accumulated Other Comprehensive Income (AOCI), is comprised of the tax adjusted unrealized loss on securities and is presented as Other Capital on the Balance Sheet.

SOURCE: American Riviera Bancorp

View the original press release on ACCESS Newswire

FAQ

What were American Riviera Bancorp's (ARBV) Q2 2025 earnings?

ARBV reported net income of $2.6 million ($0.46 per share) for Q2 2025, compared to $2.3 million in Q1 2025 and $2.5 million in Q2 2024.

How much did ARBV's deposits and loans grow in Q2 2025?

Total deposits reached $1.13 billion and total loans reached $1.02 billion, both showing a 5.9% increase year-over-year.

What is American Riviera Bancorp's (ARBV) current net interest margin?

ARBV's net interest margin improved to 3.65% in Q2 2025, up from 3.61% in Q1 2025 and 3.24% in Q2 2024.

How much capital does American Riviera Bancorp (ARBV) have?

ARBV reported total shareholders' equity of $117.6 million as of June 30, 2025, an increase of 11.6% from the previous year.

What is ARBV's asset quality status as of Q2 2025?

The bank maintained an Allowance for Credit Losses (ACL) of $12.5 million with a coverage ratio of 1.22%, and reported $8.4 million in non-accrual loans (0.83% of total loans).