American Riviera Bank Reports Strong Start to 2015
Business Wire - Wed Apr 22, 7:55PM CDT
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $443,000 ($0.17 per share) for the quarter ended March 31, 2015, a 55% increase as compared to $286,000 ($0.11 per share) for the quarter ended March 31, 2014.
American Riviera Bank Reports Profits and Growth
Business Wire - Thu Jan 15, 4:47PM CST
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,569,000 ($0.61 per share) for the year ended December 31, 2014, a 12% increase as compared to $1,401,000 ($0.55 per share) for the year ending December 31, 2013. Unaudited net income for the quarter ending December 31, 2014 was $535,000 ($0.21 per share) versus $198,000 ($0.08 per share) for the comparable quarter of 2013.
American Riviera Bank Expands Market Share
Business Wire - Thu Oct 16, 6:51PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $365,000 ($0.14 per share) for the third quarter ended September 30, 2014, a decrease from the $473,000 ($0.19 per share) for the third quarter of 2013. For the nine months ending September 30, 2014, the Bank reported unaudited net income of $1,033,000 ($0.40 per share), down from the $1,203,000 ($0.47 per share) for the same reporting period last year. The decrease in net income is due to non-recurring events primarily related to prepayment penalties and gain on sale of loans which were $310,000 higher in the third quarter of 2013 and $350,000 higher for the first nine months of 2013 versus the same reporting periods in 2014.
American Riviera Bank Exceeds $200 Million in Assets
Business Wire - Wed Jul 23, 2:54PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $382,000 ($0.15 per share) for the second quarter ended June 30, 2014, and $668,000 ($0.26 per share) for the six months ended June 30, 2014. The Bank's focus on building relationships and addressing the lending and deposit needs of our community has also resulted in strong growth in assets. The Bank reached $217 million in total assets at June 30, 2014, which represents a 20% increase from June 30, 2013.