American Riviera Bank Mortgage Rates, Fees & Info

Santa Barbara, CA

LEI: 2549003O1765OJT2BV03

Tax ID: 20-5071344

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Mortgage Data

Bank Data

Review & Overview

American Riviera Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. American Riviera Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Oxnard, San Diego, and Los Angeles among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

70

Origination Dollar Volume (All Markets)

$65,770,000

Employee count

118

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) 38 $41,310,000 $1,087,105 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 25 $19,745,000 $789,800 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $2,505,000 $835,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
American Riviera Bank's top markets include Santa Maria, San Luis Obispo, Oxnard, San Diego, and Los Angeles among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $63,260,000 $930,294 $0 0.00%
    USDA 2 $2,510,000 $1,255,000 $0 0.00%

    For 2021, American Riviera Bank's most frequently originated type of loan was Conventional, with 68 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 36 $30,620,000 $850,556 $0 0.00%
    Home Purchase 17 $15,575,000 $916,176 $0 0.00%
    Cash Out Refi 16 $17,350,000 $1,084,375 $0 0.00%
    Home Improvement 1 $2,225,000 $2,225,000 $0 0.00%

    For 2021, American Riviera Bank's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $65,770,000 $939,571 $0 0.00%

    For 2021, American Riviera Bank's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 24 $40,530,000 $1,688,750 $0 0.00%
    $600k-1MM 20 $15,500,000 $775,000 $0 0.00%
    $400k-600k 13 $6,365,000 $489,615 $0 0.00%
    $200k-400k 8 $2,620,000 $327,500 $0 0.00%
    $100k-200k 5 $755,000 $151,000 $0 0.00%

    2021 saw American Riviera Bank place emphasis on $1MM+ loans with 24 originations, totaling $40,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 21 $25,105,000 $1,195,476 $0 0.00%
    $150k-250k 11 $7,785,000 $707,727 $0 0.00%
    $100k-150k 6 $2,730,000 $455,000 $0 0.00%
    $50k-75k 2 $210,000 $105,000 $0 0.00%
    $75k-100k 2 $970,000 $485,000 $0 0.00%

    American Riviera Bank lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $65,770,000 $939,571 $0 0.00%

    American Riviera Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $34,710,000 $1,020,882 $0 0.00%
    Not provided 25 $22,245,000 $889,800 $0 0.00%
    Not applicable 11 $8,815,000 $801,364 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.25%

    American Riviera Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.29%

    American Riviera Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $65,770,000 $939,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    70 $65,770,000 $939,571

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Closing on a mortgage 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 $599,706
    American Riviera Bank 1085 Higuera Street, Suite 100 San Luis Obispo, CA 93401 Full Service B&M $120,422
    American Riviera Bank 1601 Spring Street Paso Robles, CA 93446 Full Service B&M $171,535
    American Riviera Bank 525 San Ysidro Rd, Building G Santa Barbara, CA 93108 Full Service B&M $73,683
    American Riviera Bank 5880 Calle Real Goleta, CA 93117 Full Service Retail $86,127

    For 2021, American Riviera Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,931
    Net interest income $39,982
    Total noninterest income $2,629
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $225
    Trading account gains and fees $0
    Additional Noninterest Income $2,404
    Pre-tax net operating income $16,312
    Securities gains (or losses, -) $63
    Income before extraordinary items $11,829
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,829
    Minority interest net income $0
    Net income $11,829
    Sale, conversion, retirement of capital stock, net $826
    Net operating income $11,779

    American Riviera Bank's gross interest income from loans was $40,931,000.
    American Riviera Bank's net interest income from loans was $39,982,000.
    American Riviera Bank's fee based income from loans was $225,000.
    American Riviera Bank's net income from loans was $11,829,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $949
    Provision for credit losses $338
    Total noninterest expense $25,961
    Salaries and employee benefits $16,007
    Premises and equipment expense $2,872
    Additional noninterest expense $7,082
    Applicable income taxes $4,546
    Net charge-offs $-578
    Cash dividends $0

    American Riviera Bank's interest expense for loans was $949,000.
    American Riviera Bank's payroll and benefits expense were $16,007,000.
    American Riviera Bank's property, plant and equipment expenses $2,872,000.

    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 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,202,089
    Deposits held in domestic offices $1,202,089
    Deposits by Individuals, partnerships, and corporations $1,150,544
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,055
    Deposits by Commercial banks and other depository institutions in U.S. $1,490
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $652,309
    Demand deposits $500,114
    Nontransaction accounts $549,780
    Money market deposit accounts (MMDAs) $491,665
    Other savings deposits (excluding MMDAs) $28,890
    Total time deposits $29,227
    Total time and savings deposits $701,975
    Noninterest-bearing deposits $470,763
    Interest-bearing deposits $731,326
    Retail deposits $1,186,486
    IRAs and Keogh plan accounts $6,368
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,306,540
    Cash & Balances due from depository institutions $292,111
    Interest-bearing balances $283,927
    Total securities $191,543
    Federal funds sold & reverse repurchase $0
    Net loans and leases $784,107
    Loan and leases loss allowance $9,383
    Trading account assets $0
    Bank premises and fixed assets $10,428
    Other real estate owned $0
    Goodwill and other intangibles $5,075
    All other assets $23,276

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,306,540
    Total Liabilities $1,210,267
    Total deposits $1,202,089
    Interest-bearing deposits $731,326
    Deposits held in domestic offices $1,202,089
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,178

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $784,107
    Loan and leases loss allowance $9,383
    Total loans and leases (domestic) $793,490
    All real estate loans $661,544
    Real estate loans in domestic offices $661,544
    Construction and development loans $29,980
    Residential 1-4 family construction $2,070
    Other construction, all land development and other land $27,910
    Loans secured by nonfarm nonresidential properties $434,283
    Nonfarm nonresidential secured by owner-occupied properties $119,037
    Commercial real estate & other non-farm, non-residential $315,246
    Multifamily residential real estate $61,268
    1-4 family residential loans $126,578
    Farmland loans $9,435
    Loans held in foreign offices $0
    Farm loans $2,732
    Commercial and industrial loans $131,098
    To non-U.S. addressees $0
    Loans to individuals $701
    Credit card loans $0
    Related Plans $173
    Consumer Auto Loans $0
    Other loans to individuals $528
    All other loans & leases $0
    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 $7,752
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $297
    Non 1-4 family restructured loans & leases $297
    Total loans and leases (foreign) $0

    American Riviera Bank had $784,107,000 of loans outstanding in 2021. $661,544,000 of loans were in real estate loans. $29,980,000 of loans were in development loans. $61,268,000 of loans were in multifamily mortgage loans. $126,578,000 of loans were in 1-4 family mortgage loans. $2,732,000 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 149 $70,935 $476,074
    Nonfarm, nonresidential loans - <$100k 5 $383 $76,600
    Nonfarm, nonresidential loans - $100-250k 26 $6,166 $237,154
    Nonfarm, nonresidential loans - $250k-1MM 118 $64,386 $545,644
    Commercial & Industrial, US addressed loans - <$1MM 402 $76,458 $190,194
    Commercial & Industrial, US addressed loans - <$100k 142 $5,840 $41,127
    Commercial & Industrial, US addressed loans - $100-250k 107 $14,059 $131,393
    Commercial & Industrial, US addressed loans - $250k-1MM 153 $56,559 $369,667
    Farmland loans - <$1MM 4 $933 $233,250
    Farmland loans - <$100k 1 $27 $27,000
    Farmland loans - $100-250k 2 $424 $212,000
    Farmland loans - $250k-1MM 1 $482 $482,000
    Agriculture operations loans - <$1MM 29 $1,981 $68,310
    Agriculture operations loans - <$100k 19 $572 $30,105
    Agriculture operations loans - $100-250k 4 $196 $49,000
    Agriculture operations loans - $250k-1MM 6 $1,213 $202,167