American Riviera Bank
American Riviera Bank is headquartered in Santa Barbara and is the 149th largest bank in the state of California. It is also the 3,253rd largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 33 employees at 2 locations. American Riviera Bank's savings rates are 19X the national average, and it boasts a A+ health rating.
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 American Riviera Bank had $170,000 in non-current loans and owned real-estate with $27.3 million in equity and loan loss allowances on hand to cover it. This gives American Riviera Bank a Texas Ratio of 0.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for American Riviera Bank decreased dramatically from 2.08% as of December 31, 2012 to 0.62% as of December 31, 2013, resulting in a positive change of 70.11%.This indicates that the balance sheet and financial strength for American Riviera Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, American Riviera Bank has increased its total deposits by $11 million, resulting in 7.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Riviera Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Riviera Bank has $183.3 million in assets with $27.3 million in equity, resulting in a capitalization level of 14.89%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58281 |
| Year Established | 2006 |
| Employees | 33 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $183.31 million |
| Loans | $139.52 million |
| Deposits | $152.59 million |
| Equity Capital | $25.23 million |
| Loan Loss Allowance | $2.07 million |
| Unbacked Noncurrent Loans | $170,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $171.41 million |
| Equity Capital | $23.68 million |
| Loan Loss Allowance | $2.57 million |
| Real Estate Owned | $547,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.87% |
| Return on Assets | 0.79% |
| Return on Equity | 5.74% |
| Interest Income | $8.46 million |
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American Riviera Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 9.64% | - | $500 | Kids Savings | |
| 0.20% | - | - | Health Savings Account | |
| 0.10% | - | - | Savings Account | |
| 0.10% | - | - | Business Savings Account |
American Riviera Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $100k | - | Money Market Account | |
| 0.30% | $100k | - | Business Money Market Account |
American Riviera Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $100k | - | Sole Proprietor Checking | |
| 0.20% | $100k | - | Non-Profit Interest Checking | |
| 0.20% | $100k | - | State Bar Account Checking | |
| 0.15% | $100k | - | Signature Account | |
| 0.15% | - | - | Attorney Trust Account Checking |
American Riviera Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $25k | - | 24+ Month CD | |
| 0.40% | - | - | 18-24 Month CD | |
| 0.35% | $50k | - | 365 Day CD | |
| 0.25% | - | - | 270 Day CD | |
| 0.20% | $1k | - | 90 Day CD | |
| 0.20% | $1k | - | 180 Day CD | |
| 0.15% | $1k | - | 30 Day CD | |
| 0.15% | $1k | - | 60 Day CD |
American Riviera Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $25k | - | 24+ Month IRA | |
| 0.40% | - | - | 18-24 Month IRA | |
| 0.35% | $50k | - | 365 Day IRA | |
| 0.25% | - | - | 270 Day IRA | |
| 0.20% | $1k | - | 90 Day IRA | |
| 0.20% | $1k | - | 180 Day IRA | |
| 0.15% | $1k | - | 30 Day IRA | |
| 0.15% | $1k | - | 60 Day IRA |
| American Riviera Bank Locations | ||
|---|---|---|
| American Riviera Bank | 1033 Anacapa Street | Santa Barbara, CA 93101 |
| American Riviera Bank | 1033 Anacapa Street | Santa Barbara, CA 93101 |