American Riviera Bank Mortgage Rates, Fees & Info

Santa Barbara, CA

LEI: 2549003O1765OJT2BV03

Tax ID: 20-5071344

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    American Riviera Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. American Riviera Bank has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Bakersfield, and Riverside among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Riviera Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    33

    Origination Dollar Volume (All Markets)

    $25,435,000

    Employee count

    112

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 20 $15,340,000 $767,000 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $8,405,000 $764,091 $0 0.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    American Riviera Bank's top markets include Santa Maria, San Luis Obispo, Bakersfield, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $25,435,000 $770,758 $0 0.00%

    For 2019, American Riviera Bank's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 12 $8,130,000 $677,500 $0 0.00%
    Refi 11 $7,285,000 $662,273 $0 0.00%
    Home Purchase 8 $7,410,000 $926,250 $0 0.00%
    Home Improvement 2 $2,610,000 $1,305,000 $0 0.00%

    For 2019, American Riviera Bank's most frequently cited loan purpose was Cash Out Refi, with 12 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $25,435,000 $770,758 $0 0.00%

    For 2019, American Riviera Bank's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 11 $5,235,000 $475,909 $0 0.00%
    $600k-1MM 9 $6,715,000 $746,111 $0 0.00%
    $1MM+ 7 $11,915,000 $1,702,143 $0 0.00%
    $200k-400k 5 $1,375,000 $275,000 $0 0.00%
    $100k-200k 1 $195,000 $195,000 $0 0.00%

    2019 saw American Riviera Bank place emphasis on $400k-600k loans with 11 originations, totaling $5,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $5,180,000 $518,000 $0 0.00%
    $250k+ 9 $11,785,000 $1,309,444 $0 0.00%
    $100k-150k 7 $3,325,000 $475,000 $0 0.00%
    $75k-100k 2 $540,000 $270,000 $0 0.00%

    American Riviera Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $25,435,000 $770,758 $0 0.00%

    American Riviera Bank lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $14,300,000 $893,750 $0 0.00%
    Not provided 11 $7,525,000 $684,091 $0 0.00%
    Not applicable 3 $2,495,000 $831,667 $0 0.00%
    Asian 2 $660,000 $330,000 $0 0.00%
    American Indian 1 $455,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.67%

    American Riviera Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.88%

    American Riviera Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $25,435,000 $770,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,845,000 $948,333
    Single Family (1-4 Units):Manufactured 5 $3,355,000 $671,000
    Single Family (1-4 Units):Site-Built 25 $19,235,000 $769,400

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Riviera Bank 1033 Anacapa Street Santa Barbara, CA 93101 Full Service B&M $390,112
    American Riviera Bank 1085 Higuera Street, Suite 100 San Luis Obispo, CA 93401 Full Service B&M $3,332
    American Riviera Bank 1601 Spring Street Paso Robles, CA 93446 Full Service B&M $65,913
    American Riviera Bank 525 San Ysidro Rd, Building G Santa Barbara, CA 93108 Full Service B&M $59,010
    American Riviera Bank 5880 Calle Real Goleta, CA 93117 Full Service Retail $46,483

    For 2019, American Riviera Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,332
    Net interest income $27,083
    Total noninterest income $2,100
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $367
    Trading account gains and fees $0
    Additional Noninterest Income $1,733
    Pre-tax net operating income $8,756
    Securities gains (or losses, -) $143
    Income before extraordinary items $6,393
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,393
    Minority interest net income $0
    Net income $6,393
    Sale, conversion, retirement of capital stock, net $8,557
    Net operating income $6,280

    American Riviera Bank's gross interest income from loans was $31,332,000.
    American Riviera Bank's net interest income from loans was $27,083,000.
    American Riviera Bank's fee based income from loans was $367,000.
    American Riviera Bank's net income from loans was $6,393,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,249
    Provision for credit losses $806
    Total noninterest expense $19,621
    Salaries and employee benefits $11,922
    Premises and equipment expense $2,358
    Additional noninterest expense $5,341
    Applicable income taxes $2,506
    Net charge-offs $-17
    Cash dividends $0

    American Riviera Bank's interest expense for loans was $4,249,000.
    American Riviera Bank's payroll and benefits expense were $11,922,000.
    American Riviera Bank's property, plant and equipment expenses $2,358,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $621,167
    Deposits held in domestic offices $621,167
    Deposits by Individuals, partnerships, and corporations $601,418
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,760
    Deposits by Commercial banks and other depository institutions in U.S. $1,989
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $304,581
    Demand deposits $216,457
    Nontransaction accounts $316,586
    Money market deposit accounts (MMDAs) $223,382
    Other savings deposits (excluding MMDAs) $15,063
    Total time deposits $78,141
    Total time and savings deposits $404,710
    Noninterest-bearing deposits $216,675
    Interest-bearing deposits $404,492
    Retail deposits $584,119
    IRAs and Keogh plan accounts $7,205
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $719,000
    Cash & Balances due from depository institutions $66,472
    Interest-bearing balances $54,941
    Total securities $43,403
    Federal funds sold & reverse repurchase $0
    Net loans and leases $572,097
    Loan and leases loss allowance $6,365
    Trading account assets $0
    Bank premises and fixed assets $14,539
    Other real estate owned $0
    Goodwill and other intangibles $5,369
    All other assets $17,120

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $719,000
    Total Liabilities $642,857
    Total deposits $621,167
    Interest-bearing deposits $404,492
    Deposits held in domestic offices $621,167
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,078
    Subordinated debt $0
    All other liabilities $3,612

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $572,097
    Loan and leases loss allowance $6,365
    Total loans and leases (domestic) $578,462
    All real estate loans $492,876
    Real estate loans in domestic offices $492,876
    Construction and development loans $47,744
    Residential 1-4 family construction $9,178
    Other construction, all land development and other land $38,566
    Loans secured by nonfarm nonresidential properties $283,077
    Nonfarm nonresidential secured by owner-occupied properties $75,043
    Commercial real estate & other non-farm, non-residential $208,034
    Multifamily residential real estate $41,281
    1-4 family residential loans $114,094
    Farmland loans $6,680
    Loans held in foreign offices $0
    Farm loans $3,658
    Commercial and industrial loans $81,611
    To non-U.S. addressees $0
    Loans to individuals $444
    Credit card loans $0
    Related Plans $115
    Consumer Auto Loans $0
    Other loans to individuals $329
    All other loans & leases $448
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,108
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American Riviera Bank had $572,097,000 of loans outstanding in 2019. $492,876,000 of loans were in real estate loans. $47,744,000 of loans were in development loans. $41,281,000 of loans were in multifamily mortgage loans. $114,094,000 of loans were in 1-4 family mortgage loans. $3,658,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 101 $47,101 $466,347
    Nonfarm, nonresidential loans - <$100k 3 $284 $94,667
    Nonfarm, nonresidential loans - $100-250k 18 $2,970 $165,000
    Nonfarm, nonresidential loans - $250k-1MM 80 $43,847 $548,088
    Commercial & Industrial, US addressed loans - <$1MM 312 $47,399 $151,920
    Commercial & Industrial, US addressed loans - <$100k 119 $5,384 $45,244
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,359 $94,989
    Commercial & Industrial, US addressed loans - $250k-1MM 105 $33,656 $320,533
    Farmland loans - <$1MM 2 $279 $139,500
    Farmland loans - $100-250k 2 $279 $139,500
    Agriculture operations loans - <$1MM 25 $2,639 $105,560
    Agriculture operations loans - <$100k 16 $714 $44,625
    Agriculture operations loans - $100-250k 3 $377 $125,667
    Agriculture operations loans - $250k-1MM 6 $1,548 $258,000