D.A. Davidson Financial Institutions Virtual Conference May 2020 - PowerPoint PPT Presentation

D.A. Davidson Financial Institutions Virtual Conference May 2020 Private & Confidential 1

Bank Profile Company Overview Financial Snapshot  American Riviera Bank was founded in 2006 YTD For The Year Ended:  Headquartered in Santa Barbara, CA 3/31/2020 12/31/2019 12/31/2018 Balance Sheet  Three full-service branches with lending centers: Santa Barbara, San Luis Total assets ($MM) $ 743 $ 719 $ 616 Obispo and Paso Robles Total loans ($MM) $ 604 $ 578 $ 508  Two full-service branches: Montecito and Goleta Total deposits ($MM) $ 645 $ 621 $ 513  Directors and executive officers own ~16% of the Company’s common Loans/Deposits 93.6% 93.1% 99.0% stock Tangible common equity ($MM) $ 72.1 $ 70.9 $ 55.8 Tangible book value per share $ 14.30 $ 14.09 $ 12.51 Capital Tangible common equity/tangible assets 9.78% 9.94% 9.13% Leverage ratio 10.04% 10.04% 9.21% Total risk-based capital ratio 12.30% 12.40% 11.36% Net Income ($MM) $ 1.2 $ 6.4 $ 5.9 Eamings per share - basic $ 0.23 $ 1.27 $ 1.32 Profitability Retum on average assets 0.67% 0.97% 1.03% Return on average equity 6.27% 9.01% 11.34% Net interest margin 4.27% 4.24% 4.51% Cost of deposits 0.55% 0.70% 0.38% Efficiency ratio 69.2% 68.5% 62.8% Source: Unaudited company information, call reports and earnings releases, as of or for the quarter ended 3/31/20 2 Note: All dollars in millions Note: Tangible common equity equals total shareholders' equity less goodwill, intangible assets, and accumulated other comprehensive income

History of the Bank 2016 2006 2010 2018 2019 2012 2014 $8.5 Million Common Stock Offering Completed March 2019 Goleta Acquired The Bank of 5880 Calle Real Santa Barbara (“BSB”) Goleta, CA 93117 Opened in January 2013 Assets: $177 million** Jeff DeVine joins Acquired through merger with BSB American Riviera as Completed acquisition in January 2016 President & CEO Deposits: $54 million* San Luis Obispo August 21, 2008 1085 Higuera St. San Luis Obispo, CA 93401 Branch opened in May 2019 LPO opened in December 2018 Santa Barbara 1033 Anacapa St. Deposits: $34 million* Santa Barbara, CA 93101 Opened in July 2006 Montecito Paso Robles 525 San Ysidro Rd. 1601 Spring St. Deposits: $409 million* Montecito, CA 93108 Paso Robles, CA 93446 Opened in April 2013 Opened in February 2018 Deposits: $58 million* 3 *Unaudited company information as of 3/31/2020. Deposits do not include brokered deposits Deposits: $90 million* **BSB call report for the quarter ended 12/31/2015, which is the quarter-end prior to acquisition

Executive Management Team Executive/ Executive/ Title Joined Biography Title Joined Biography Mr. DeVine was appointed President and Chief Executive Officer of the Bank on Mr. Cordova was appointed Senior Vice President and Chief Credit Officer of the Eusebio August 21, 2008. Mr. DeVine previously was employed as Statewide Division Bank on July 20, 2016 and currently serves as the Executive Vice President and Jeff DeVine Cordova, Manager of commercial real estate by Rabobank, N.A. Prior to that, he was Regional Chief Credit Officer. Mr. Cordova joined the Bank in 2009 and was serving as the President for the Greater Santa Barbara and Santa Ynez Valley Region of Mid-State Commercial Team Leader prior to his appointment as CCO. Prior to working at Jr. 2008 Bank & Trust. He has held senior officer positions in a range of banking firms, 2009 American Riviera Bank, Mr. Cordova was a Vice President, Commercial Banking President and serving roles in commercial, real estate, private and investment banking during his Officer for Mid-State Bank and Trust. Mr. Cordova graduated with a Bachelor of CEO 20+ year career. He graduated with honors from the Pacific Coast Banking School Chief Credit Science Degree in Business and minor in Economics from CSU Channel Islands. at the University of Washington and received his Bachelors of Science from the He is currently attending Pacific Coast Banking School at the University of Officer University of California, San Diego in Quantitative Economics. Washington. Ms. Funari was appointed Executive Vice President and Chief Operating Officer of Laurel Ms. Sykes was appointed Executive Vice President and Chief Compliance and the Bank on January 1, 2016. Ms. Funari was previously employed as Executive Vice Risk Officer of the Bank on June 13, 2019. She holds the designation of Certified Sykes President and Chief Operating Officer and served as a Director for The Bank of Regulatory Compliance Manager, and has specialized in regulatory compliance and Joanne Funari Santa Barbara. Prior to joining The Bank of Santa Barbara, she served as Executive risk management for the last 22 of her 28 years in the banking industry. Laurel Vice President and Santa Barbara and Ventura Counties Market President for launched her banking career in 1991 working for Wells Fargo. She joined Santa 2016 Chief Chief Operating Business First National Bank. She was also a founder and president of Business First 2019 Barbara Bank & Trust in 1995 and moved into the bank’s consumer compliance Compliance Bank and held senior officer positions at Santa Barbara Bank & Trust, City function in 1997. Sykes worked for 14 years at Santa Barbara Bank & Trust where Officer Commerce Bank and Bank of New York. Her education includes a graduate degree & Risk she rose to the position of Director of Regulatory Affairs before accepting a with honors from the Pacific Coast Banking School at the University of Washington positon in 2009 with Montecito Bank & Trust as SVP, Chief Risk Officer. Ms. Officer and University of California, Los Angeles. Sykes graduated with a degree in Business Economics at the University of California at Santa Barbara. Michelle Paul Abramson is the Executive Vice President, Chief Technology Officer for Martinich, Ms. Martinich was appointed Senior Vice President and Chief Financial Officer of Paul American Riviera Bank. He is leading our bank in technology and cyber security the Bank on April 20, 2006 and currently serves as the Executive Vice President and CPA strategy. Mr. Abramson comes to us with over 20 years of experience in the Abramson Chief Financial & Administrative Officer. Ms. Martinich previously was employed Technology and Cybersecurity industries, of which 13 years has been in banking. by Pacific Capital Bancorp (PCB), dba Santa Barbara Bank & Trust. Ms. Martinich’s 2006 He previously served as the lead technologist and cybersecurity architect for 2019 Chief Financial financial and banking experience spans 20+ years, first as an external auditor with Chief Montecito Bank & Trust, and before that worked for a network security solutions Arthur Andersen and then with responsibility for various functions in the Finance and provider designing and implementing threat management deployments for large Technology Department of PCB, reporting directly to the CFO. She graduated from UC Santa enterprises. He graduated from UC Santa Barbara with a BA in Business Administrative Barbara with a Bachelors of Arts in Business Economics. Officer Economics, and recently completed the Western Bankers Association Executive Officer Development Program. 4 Source: American Riviera Bank website and Proxy

Track Record of Organic & Acquisitive Growth Gross Loans ($MM)  15.9% loan growth over the last 12 months $700 $604 $578 $600 Acquisition of The Bank of Santa $508 Barbara $500 ($141MM Gross Loans*)  Loan / deposit ratio of 93.5% $414 $400 $356 $300 $212 $165 $200 $142 $128 $106 $108 $94 $100 $- 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1 2020 Total Deposits ($MM)  18.2% deposit growth over the last 12 months $700 $645 $621 Acquisition of The Bank of Santa $600 Barbara $513 ($159MM Total Deposits*) $500 $449 $392 $400 $300 $219 $195 $200 $153 $142 $114 $109 $106 $100 $- 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1 2020 5 Source: Unaudited company information, call reports as of 3/31/2020 *BSB call report for the quarter ended 12/31/2015, which is the quarter-end prior to acquisition

Expansion into San Luis Obispo County Executing on growth initiatives and making an investment in San Luis Obispo County – this represents a significant opportunity for the Company. These locations have been designed with the ability to deliver all our services to these communities. San Luis Obispo – Full-Service Branch and Lending Center  Opened a loan production office in December 2018 and full-service branch in May 2019. The full-service branch has Commercial lending, SBA and Mortgage services.  In January 2020, hired Steven Harding as EVP, Regional President for SLO County. Steven has over 30 years of executive experience in banking and is a lifetime resident of SLO, having been part of the executive team at Mid-State Bank and most recently at Rabobank.  As of March 31, 2020, $34 million in deposits and $26 million in loans. Paso Robles – Full-Service Branch and Lending Center  Opened a full-service branch in February 2018. Profitable within 12 months of operations.  Full service Lending Office including Commercial and Mortgage services. Staff have a long history of relationship banking in the Paso Robles market. The Commercial team was formerly at a local bank. Team of bankers with deep connections in the community of business owners in Paso Robles.  As of March 31, 2020, $90 million in deposits and $88 million in loans. 6