#1AMERICAN RIVIERA BANK DA DAVIDSON FINANCIAL INSTITUTIONS CONFERENCE INVESTOR MEETINGS May 5-6, 2021 Private & Confidential#2OVERVIEW OF AMERICAN RIVIERA BANK Headquarters Ticker/Exchange Market Cap. Outstanding Shares Client Focus Geography Year Established Branches Company Overview Santa Barbara, CA Inter gett ARBV/OTCPK $ 97 MM 5,127,895 Small Businesses and Individuals Central Coast California 2006 5 Branch Footprint Camp Roberts Cambria Los Osos Paso Robles Atascadero San Luis Obispo Highway 4 Arroyo Grande Guadalupe Santa Maria Vandenberg Delano Wasco Shafter Naval Petroleum Reserve No. 1 Taft Air Force Base Lompoc Santa Ynez Goleta Santa Barbara Los Padres National Fores Se Co Sanc Ventura Oxnar The Financial Overview Total Assets $1,083 MM ROAA 1.07% Gross Loans $ 781 MM ROAE 12.34% TCE Ratio 7.59% Efficiency Ratio 59.1% ARBV Branch RBC Ratio 12.55% NIM 3.78% Source: Unaudited company information, as of 3/31/2021. Market data from S&P Global Market Intelligence, as of 4/26/2021 Note: All dollars in millions 2#3HISTORY OF THE BANK 2006 2010 2012 2014 2016 2018 2019 AMERICAN RIVIERA BANK Jeff DeVine joins American Riviera as President & CEO August 21, 2008 Goleta 5880 Calle Real Goleta, CA 93117 Opened in January 2013 Acquired through merger with BSB Deposits: $85 million* THE BANK of Santa Barbara Acquired The Bank of Santa Barbara ("BSB") Assets: $177 million** Completed acquisition in January 2016 San Luis Obispo 1085 Higuera St. San Luis Obispo, CA 93401 Opened in May 2019 Deposits: $99 million* $8.5 Million Common Stock Offering Completed March 2019 1033 Santa Barbara 1033 Anacapa St. Santa Barbara, CA 93101 Opened in July 2006 Deposits: $563 million* *Unaudited company information as of 3/31/2021. Deposits do not include brokered deposits **BSB call report for the quarter ended 12/31/2015, which is the quarter-end prior to acquisition Montecito 525 San Ysidro Rd. Montecito, CA 93108 Opened in April 2013 Deposits: $69 million* Paso Robles 1601 Spring St. Paso Robles, CA 93446 Opened in February 2018 Deposits: $162 million* 3 3#4Executive/ Title Joine d EXECUTIVE MANAGEMENT TEAM Jeff DeVine 2008 President and CEO Joanne Funari 2016 Chief Operating Officer Michelle Martinich, CPA 2006 Chief Financial Officer Biography Mr. DeVine was appointed President and Chief Executive Officer of the Bank on August 21, 2008. Mr. DeVine previously was employed as Statewide Division Manager of commercial real estate by Rabobank, N.A. Prior to that, he was Regional President for the Greater Santa Barbara and Santa Ynez Valley Region of Mid-State Bank & Trust. He has held senior officer positions in a range of banking firms, serving roles in commercial, real estate, private and investment banking during his 20+ year career. He graduated with honors from the Pacific Coast Banking School at the University of Washington and received his Bachelors of Science from the University of California, San Diego in Quantitative Economics. Ms. Funari was appointed Executive Vice President and Chief Operating Officer of the Bank on January 1, 2016. Ms. Funari was previously employed as Executive Vice President and Chief Operating Officer and served as a Director for The Bank of Santa Barbara. Prior to joining The Bank of Santa Barbara, she served as Executive Vice President and Santa Barbara and Ventura Counties Market President for Business First National Bank. She was also a founder and president of Business First Bank and held senior officer positions at Santa Barbara Bank & Trust, City Commerce Bank and Bank of New York. Her education includes a graduate degree with honors from the Pacific Coast Banking School at the University of Washington and University of California, Los Angeles. Executive/ Title Joined Eusebio Cordova, Jr. 2009 Chief Credit Officer Laurel Sykes Chief Risk Officer 2019 Ms. Martinich was appointed Senior Vice President and Chief Financial Officer of the Bank on April 20, 2006 and currently serves as the Executive Vice President and Chief Financial Officer. Ms. Martinich previously was employed by Pacific Capital Bancorp (PCB), dba Santa Barbara Bank & Trust. Ms. Martinich's financial and banking experience spans 20+ years, first as an external auditor with Arthur Andersen and then with responsibility for various functions in the Finance Department of PCB, reporting directly to the CFO. She graduated from UC Santa Barbara with a Bachelors of Arts in Business Economics. Paul Abramson 2019 Chief Technology Officer Source: American Riviera Bank website and Proxy Biography Mr. Cordova was appointed Senior Vice President and Chief Credit Officer of the Bank on July 20, 2016 and currently serves as the Executive Vice President and Chief Credit Officer. Mr. Cordova joined the Bank in 2009 and was serving as the Commercial Team Leader prior to his appointment as CCO. Prior to working at American Riviera Bank, Mr. Cordova was a Vice President, Commercial Banking Officer for Mid-State Bank and Trust. Mr. Cordova graduated with a Bachelor of Science Degree in Business and minor in Economics from CSU Channel Islands. He is a graduate of Pacific Coast Banking School at the University of Washington. Ms. Sykes was appointed Executive Vice President and Chief Compliance and Risk Officer of the Bank on June 13, 2019. She holds the designation of Certified Regulatory Compliance Manager, and has specialized in regulatory compliance and risk management for the last 22 of her 28 years in the banking industry. Laurel launched her banking career in 1991 working for Wells Fargo. She joined Santa Barbara Bank & Trust in 1995 and moved into the bank's consumer compliance function in 1997. Sykes worked for 14 years at Santa Barbara Bank & Trust where she rose to the position of Director of Regulatory Affairs before accepting a positon in 2009 with Montecito Bank & Trust as SVP, Chief Risk Officer. Ms. Sykes graduated with a degree in Business Economics at the University of California at Santa Barbara. Paul Abramson is the Executive Vice President, Chief Technology Officer for American Riviera Bank. He is leading our bank in technology and cyber security strategy. Mr. Abramson comes to us with over 20 years of experience in the Technology and Cybersecurity industries, of which 13 years has been in banking. He previously served as the lead technologist and cybersecurity architect for Montecito Bank & Trust, and before that worked for a network security solutions provider designing and implementing threat management deployments for large enterprises. He graduated from UC Santa Barbara with a BA in Business Economics, and recently completed the Western Bankers Association Executive Development Program.#5TRACK RECORD OF ORGANIC & ACQUISITIVE GROWTH $1,000 $800 $600 Gross Loans ($MM) ✓ 29.4% loan growth over the last 12 months $781 $726 $578 $508 $414 $400 $356 $212 $200 $94 $128 $108 $142 $165 ✓ Loan / deposit ratio of 79.4% ✓ Originated $118 million in PPP loans in 2020, and $68 million in 2021. $119 million remaining at March 31, 2021. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 2021 Total Deposits ($MM) $1,000 $800 $621 $600 $513 $449 $392 $400 $195 $219 $200 $109 $114 $142 $153 $983 $872 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 2021 Source: Unaudited company information, press releases and call reports as of 3/31/2021 ✓ 52.3% deposit growth over the last 12 months 5#6SANTA BARBARA COUNTY Total Deposits ($B) - Santa Barbara County $16.0 $9.6 $10.1 ✓ Thriving local economy with meaningful job growth in tourism, professional services, and healthcare sectors Economic Overview and Demographic Trends $14.0 ✓ Home to UC Santa Barbara, which ranks as the 6th best public university in the United States and employs over 11,000 people (1) $12.0 ✓ Median household incomes for the cities of Santa Barbara and Montecito are $87,316 and $149,864, which are 29% and 121% higher than the national average, respectively (2) Santa Barbara's population has grown 6.1% since 2010 and is expected to grow 2.5% over the next five years (2) $10.0 $9.1 $9.0 $8.8 $8.0 ✓ Major employers in Santa Barbara include: Lockheed Martin, Raytheon, Santa Barbara Education System, UC Santa Barbara, and the City of Santa Barbara (3) $6.0 2006 2007 2008 1. U.S. News & Reports, 2021 Rankings, UCSB Administrative Services 2. S&P Global Market Intelligence 3. Pacific Coast Business Times Note: All dollars in billions, unless noted otherwise. All information is for Santa Barbara County, unless noted otherwise 5 Year CAGR: 6.1% $15.3 $12.7 $12.7 $12.3 $11.9 $11.4 $10.3 $9.9 $9.8 $9.8 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 6#7SAN LUIS OBISPO COUNTY Total Deposits ($B) - San Luis Obispo County Economic Overview and Demographic Trends ✓ Diverse region characterized by agricultural and ranching operations, a robust wine industry, and small-to-mid sized businesses $9.0 5 Year CAGR: 6.4% $8.1 Home to nationally-ranked California Polytechnic State University, which is comprised of approximately 21,000 students and employs over 3,000 faculty and staff(1) $8.0 $7.0 $6.9 $6.4 $6.5 $6.1 $6.0 $5.3 $5.2 $5.0 $5.1 $4.9 $5.0 $4.6 $4.6 San Luis Obispo's population has grown 4.5% since 2010 and is expected to grow 2.0% over the next five years (2) $4.5 $4.0 Median household income for San Luis Obispo is $80,312, which is 19% higher than the national average (2) $3.0 $2.0 2006 2007 Note: All dollars in billions, unless noted otherwise. All information is for San Luis Obispo County, unless noted otherwise 1. Cal Poly, San Luis Obispo Quick Facts 2. S&P Global Market Intelligence 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 $5.9 $5.6 2020 7#8MARKET DISRUPTION SINCE 2007 15 banks with $8.7B of deposits in ARBV's footprint have been acquired or failed since 2007, including 10 banks which were locally headquartered* Deposit Market Share* in 2007 Deposit Market Share* in 2020 12345678901221562222222222222 Rank In-Mkt. Total HQ Institution (State) 1 - Pacific Capital Bancorp (CA) Rabobank Bank of America Corp. (NC) Rank Washington Mutual Inc. (WA) Wells Fargo & Co. (CA) Wachovia Corp. (NC) 23451 Montecito Bancorp (CA) Harrington West Financial Group Inc. (CA) Heritage Oaks Bancorp (CA) Community West Bancshares (CA) BNP Paribas SA - Downey Financial Corp. (CA) 6 Santa Lucia Bancorp (CA) 7 San Luis Trust Bank FSB (CA) FB Corp. (MO) MUFG Americas Holdings Corp. (NY) 8 Coast Bancorp (CA) 3251526824284-355 Number of Branches $ Deposits in Market Share 2,457,008 18.0% Market Total In-Mkt. HQ Institution (State) Number of Branches Deposits in Market 1 Wells Fargo & Co. (CA) 19 $ Market Share 4,403,434 18.8% SSS $ S S $ 1,749,886 12.8% $ 1,676,417 12.3% $ 1,507,264 11.0% 8.6% $ 1,172,800 777,940 5.7% $ 563,761 4.1% $ 507,526 3.7% $ 490,139 3.6% $ 350,785 2.6% $ $ $ SSSSA 261,222 233,972 1.9% 1.7% $ 215,544 1.6% 183,202 1.3% $ 172,793 1.3% مین من 166,978 1.2% $ 166,194 1.2% First Republic Bank (CA) 1 $ 162,217 1.2% - Citigroup Inc. (NY) 4 $ 161,081 1.2% 9 Business First National Bank (CA) 2 $ 134,204 1.0% - Northern Trust Corp. (IL) 10 Mission Community Bancorp (CA) 24 $ 120,462 0.9% 4 $ 118,298 0.9% 11 Community Bank of Santa Maria (CA) 3 $ 109,511 0.8% - Signature Group Holdings Inc. (OH) 1 $ 66,206 0.5% 234567 BRUTS15678222222 Bank of America Corporation (NC) 10 $ 3,207,875 13.7% - JPMorgan Chase & Co. (NY) 18 $ 2,963,010 12.6% Mechanics Bank (CA) 26 $ 2,812,646 12.0% Mitsubishi UFJ Financial 15 $ 2,381,713 10.2% Pacific Premier Bancorp (CA) 11 $ 2,119,934 9.0% 1 Montecito Bancorp (CA) 11 $ 1,428,316 6.1% 2 American Riviera Bank (CA) 5 $ 793,156 3.4% 9 3 Community West Bancshares (CA) 6 $ 583,214 2.5% 10 - PacWest Bancorp (CA) 7 $ 550,454 2.3% 11 - First Repub Bank (CA) 1 $ 482,730 2.1% 4 Community Bncp of Santa Maria (CA) 2 $ 290,492 1.2% 13 - BNP Paribas 1 $ 236,308 1.0% 14 - Sierra Bancorp (CA) 7 $ 214,194 0.9% U.S. Bancorp (MN) 8 $ 199,563 0.9% Heartland Financial USA Inc. (IA) 4 $ 185,119 0.8% Northern Trust Corp. (IL) 1 $ 181,991 0.8% FB Corp. (MO) 3 $ 161,252 0.7% 19 1st Capital Bancorp (CA) 1 $ 53,279 0.2% 20 Banc of California Inc. (CA) 1 $ 50,957 0.2% Umpqua Holdings Corp. (OR) 1 $ 50,863 0.2% Palomar Enterprises LLC (CA) 1 $ 33,873 0.1% 23 Murphy Bank (CA) 1 $ 23,354 0.1% 24 CVB Financial Corp. (CA) 1 $ 17,575 0.1% 12 Founders Community Bank (CA) 1 $ 64,018 0.5% Total for All Institutions in Market 161 $ 23,425,302 13 Bank of Santa Barbara (CA) 1 $ 43,796 0.3% 14 American Riviera Bank (CA) 1 $ 29,856 0.2% - Fireside Bank (CA) 1 $ 3,513 0.0% Dickinson Financial Corp. II (MO) 1 $ 1,999 0.0% Total for All Institutions in Market 181 $ 13,668,592 Total Disruption (15 Companies) 118 $ 8,652,504 63.3% Source: S&P Global Market Intelligence, deposit data as of June 30 of respective years Note: All dollars in thousands. Companies highlighted in tan color represent companies which have been acquired or failed *Footprint includes Santa Barbara and San Luis Obispo Counties 8#9恭 SCARCITY Value in thE CENTRAL COAST OF CALIFORNIA ✓ American Riviera is the second largest bank headquartered in the Central Coast of California as ranked by total assets* ✓ No banks headquartered in San Luis Obispo County Santa Cruz Watsonville Morgan Hill Gilroy Marina Salinas Monterey Los Banos Dos Palos Chowchilla Madera Sierra National For Auberry Hollister San Joaquin Mendota Fresno Sequoia National Forest Monterey County 3 Banks Greenfield King City Coalinga Stratford Corcoran Fort Hunter Liggett Military Reservation Avegal Tulare Delano Banks Headquartered in the Central Coast of California Company Montecito Bank & Trust American Riviera Bank Assets ($MM) Paso Robles Cambria Atascadero San Luis Obispo County No Local Banks County Los Dies San Luis Obispo Arroyo Grande Reserve No. 1 Comzo Plain National Monument Taft Guadalupe Santa Maria Santa Barbara Santa Barbara $ 2,096 Vandenberg $ 1,083 Central Coast Bank HQ's Lompoc Santa Ynez National For Santa Barbara County 4 Banks Community West Bank, N.A. Santa Barbara $ 1,018 ARBV HQ Barbara 1st Capital Bancorp Monterey $ 874 Pacific Valley Bank Monterey 467 Community Bank of Santa Maria Monterey County Bank Santa Barbara Monterey $ 358 GOLETA NORTH El Sueno $ 248 COROMAR * = Headquartered in Santa Barbara County Calle Real Santa Barbara Municipal Airport Goleta 217 Hope Ranch Isla Vista Marina Dr Cliff Dr Pass Rd Madox Ra Foothill Rd Mission State St AS POSITAS Canyon 192 N Milpas St Sycamore on R Monted 22 Santa Barbara 101 Source: S&P Global Market Intelligence as of 3/31/2021, ARBV unaudited company information as of 3/31/2021 Note: All dollars in millions *Central Coast of California is defined as the counties of Santa Barbara, San Luis Obispo, and Monterey MESA Shoreline Dr#10COVID-19 CRISIS Operations Continued with Minimal Disruption ✓ All locations remained open with modified operations and limited interior branch access ✓ Able to quickly convert to remote work environment due to existing cloud network configurations Most staff have returned to the office but remote working is still being utilized as necessary and appropriate. Schools have started to reopen and vaccines are being rolled out quickly, allowing more employees to return safely to the office. Robust electronic delivery channels already in place for clients Local Economy Restaurants remain open for outdoor service and have generally been able to adapt with the added benefit of expanded indoor service as Santa Barbara and San Luis Obispo counties have recently moved to the Orange Tier. Our warm weather has allowed restaurants to remain busy. With limited air travel, our communities have attracted people from out of town to enjoy 'time away' which has helped local hospitality and tourism industry. ✓ Local residential real estate and mortgage volume has been robust as part of the migration out of cities and into our more rural communities Impact on office CRE is still to be determined as 'work from home' reduces the demand for office space 10 10#11COVID-19 CRISIS PPP LOANS PPP Round 1: - PPP Round 2: - Over 600 applications, representing $118 million, processed and approved by SBA (limited to existing clients and key prospects) and over $4.2 million in fees received 420 loans totaling $68 million originated to date and $2.7 million in fees received as of March 31, 2021 Forgiveness Received over $60 million, or 50% in forgiveness for Round 1 ✓ Recognized over 70% of PPP Round 1 fee income through March 31, 2021 Liquidity and Earnings Impact Continued high level of deposits with limited opportunities to invest excess funds ✓ Cost of Funds continues to decline, reaching 11bp in Q1 of 2021 11#12COVID-19 CRISIS LOAN PORTFOLIO Deferral Requests Slight increase in deferrals from the $9.4 million reported at December 31, 2020 is primarily due to one borrower who has been unable to operate their business due to COVID restrictions. The credit is well secured and supported by investors. Percentage of Principal Only Principal and Interest Total Deferred Loans (e) Total Loans excluding PPP CRE - Retail $ 9,468,400 $ $ 9,468,400 1.43% CRE Special Purpose $ $ 3,799,533 $ 3,799,533 0.57% CRE Hospitality $ $ $ 0.00% C&I $ 1,063,089 $ 1,063,089 0.16% $ 10,531,489 $ 3,799,533 $ 14,331,022 2.17% Notes: (e) Thirteen separate loans are included in total loans on deferral No material change in credit quality of portfolio. Credit Quality Current Loan Demand ✓ Loan Pipeline remains strong with a $20 million, or 3% increase in loans excluding PPP, in the first three months of 2021. Significant ongoing growth expected from SLO and Paso. Expect to continue to deliver double digit annual loan growth. 12#13AMERICAN RIVIERA BANK FINANCIAL OVERVIEW 13#14Earnings FINANCIAL HIGHLIGHTS 1.07% ROA and 12.34% ROE for the 1st quarter of 2021 with record quarterly net income of almost $2.6 million. Net income of $7.4 million for 2020, compared to $6.4 million for 2019, an increase of 15%. " Earnings per ■ share $0.50 for Q1 2021 and $1.46 for 2020, compared to $1.31 for 2019, an increase of 12% Profitable each year since 2010 Performance Net interest margin of 3.78% for Q1 2021 and 3.97% for 2020, compared to 4.24% for 2019 Efficiency ratio of 59% in Q1 2021 and 65% for 2020, compared to 67% for 2019. Efficiency ratio has benefitted from increased scale from expansion into SLO County. Total deposits of $983 million, an increase of $111 million or 11%, from December 31, 2020 " Deposits " 56% of deposits are transaction and 41% are non-interest bearing Cost of deposits of 0.11% for Q1 2021, compared to 0.14% for Q4 2020, 0.16% in Q3 2020 and 0.28% for Q2 2019 Loans ■ Credit Quality Capital " " " " Gross loans of $781 million, including $119 million in PPP loans, an increase of $55 million, or 8%, from December 31, 2020 Loan deposit ratio of 79%, and 67% excluding PPP loans Yield on loans of 4.76% in Q1 2021, compared to 5.04% for Q4 2020, 4.69% for Q3 2020 and 4.79% in Q2 2020 Total loans on deferral of $14.3 million as of March 31, 2021, representing 2.17% of total loans excluding PPP - compared with $108 million as of June 30, 2020 Nonperforming assets of $3.6 million, or 0.33% of total assets, as of March 31, 2021 Loan loss reserve of $8.8 million, which represents 1.13% of gross loans and 1.33% of gross loans excluding PPP loans Tangible common equity ratio of 7.59%, leverage ratio of 8.21%, and risk-based capital ratio of 12.55% at March 31, 2021 $8.5 million Common Stock offering completed in March 2019 at market price of $18 per share Source: Unaudited company information, call reports and press releases, as of 3/3/1/2021 14#15Non-Owner Occ. CRE 34.9% Multifamily. 8.3% BALANCE SHEET MIX Loan Portfolio Owner-Occ. CRE 11.0% Non-interest Bearing 41.2%. C&I 26.3% Deposit Base NOW 14.7% Securities 8.0% Cash 17.3% Farm & Ag. 1.3% CDs 3.3% MMDA 37.8% 1-4 Family/ 15.0% Consumer & Savings 2.9% Construction 3.1% Other 0.1% Gross loans of $781 million, which includes $119 million of PPP loans 4.76% loan yield in Q1 2021 ☐ 72.3% of loans are C&I and CRE ☐ Total deposits of $983 million ■ 0.11% cost of deposits in Q1 2021 41.2% of deposits are non-interest bearing 55.9% of deposits are transaction accounts Source: Unaudited company information, call report and press release for the quarter ended 3/31/2021 Total Asset Mix PPP Loans 11.0% ☐ Total assets of $1.1 billion ■ 79.4% loan/deposit ratio Loans, Net of Reserves 60.2% 67.3% loan/deposit ratio, excluding PPP loans 15#16BALANCE SHEET GROWTH Gross Loans Total Deposits $900 $1,000 $800 $781 $900 $732 $721 $726 $983 $872 $829 $793 $700 $800 $600 $578 $604 $700 $645 $542 $548 $621 $521 $603 $600 $565 $546 $500 $500 $400 $400 $300 $300 $200 $200 L $100 $100 $- $- Q1 Q2 2019 2019 2019 Q3 Q4 Q1 Q2 2019 2020 2020 Q3 2020 2020 Q4 Q1 2021 Q1 2019 Q2 2019 2019 Q3 Q4 2019 2020 Q1 Q2 Q3 Q4 2020 2020 2020 2021 Q1 $260 million increase in gross loans since Q1 2019, which is a CAGR of 22.4% Excluding PPP loans, gross loans increased $141 million since Q1 2019, which is a CAGR of 12.7% Source: Unaudited company information, call reports and press releases as of 3/31/2021 Note: All dollars in millions $437 million increase in total deposits since Q1 2019, or CAGR of 34.2% 16#17Total Deposits ($MM) CORE DEPOSIT FRANCHISE $1,200 Deposit Mix $1,000 $800 $600 $400 $621 $513 $449 $392 3.00% $983 2.50% $872 Cost of Deposits vs. Fed Funds Rate 2.50% 2.00% 1.75% 1.50% 1.50% 0.75% 1.00% 0.70% $200 0.50% 0.25% 0.25% 0.38% 0.26% 0.23% $- 0.00% 2016 2017 2018 2019 2020 Q1 0.21% 2016 0.11% 2017 2018 2019 2020 Q1 2021 2021 ■Non-Interest Bearing MMDA ■CDs ■NOW & Interest-Bearing ■Savings Cost of Total Deposits Fed Funds Rate Source: Unaudited company information, call reports and press releases as of 3/31/2021, and Federal Reserve website Note: Fed Funds rate represents FOMC's high-end of target federal funds rate as of the end of each respective period Note: All dollars in millions 17#18恭 CREDIT QUALITY TRENDS Nonperforming Assets / Total Assets* Allowance for Loan Losses / Gross Loans 1.50% 1.33% 1.40% 1.28% 1.32% 1.33% 0.35% 0.33% 1.30% 1.19% 1.17% 1.20% 1.12% 1.10% 1.12% 1.13% 1.09% 1.10% 1.08% 1.00% 0.90% Q2 2019 Q3 2019 Q4 2019 Q1 Q2 2020 2020 Q3 2020 2020 Q4 Q1 2021 ■LLR / Gross Loans ◆ LLR / Gross Loans, Excl. PPP 0.50% 0.40% 0.30% 0.20% 0.10% 0.04% 0.04% 0.04% 0.04% 0.00% 0.00% 0.00% Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2019 2020 2020 2020 2020 Q4 Q1 2021 Net Charge-Offs (Recoveries) / Average Loans 0.10% 0.06% 0.03% 0.02% 0.00% -0.02% -0.06% -0.01% -0.01% -0.01% -0.01% -0.01% -0.04% -0.10% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2020 2020 2020 2020 2021 Source: Unaudited company information, call reports and press releases as of 3/31/2021 *Excludes troubled debt restructurings 18#19CREDIT QUALITY TRENDS SP Hospitality, 12% SP Mini Storage, 3% OO Skilled Nursing, 1% OO Office/Indust/Retail/Mix, 17% OO Athletic Clubs, 2% Non-OO Retail, 15% March 31, 2021 CRE Portfolio Farmland, 2% Multifamily, 15% Strong LTV and DCR ratios will support CMRE portfolio (data as of January 31, 2021 stress test) Source: Unaudited company information Non-OO Indust/WH, 5% Non-OO Mixed Use, 7% Non-OO Office, 14% Non-OO Other, 6% DCR LTV Non-OO Indust/WH 1.76 50% Non-OO Mixed Use 2.19 48% Non-OO Office 2.07 47% Non-OO Other 2.37 49% Non-OO Retail 1.68 47% SP Hospitality 2.25 56% Other, 60% March 31, 2021 C&I Portfolio, including PPP Restaurants (incl. Limited Service), 17% Hotel Operators, 6% Site Preparation Contractors, 4% Other Specialty Trade Contractors, 4% Offices of Lawyers, 3% Architectural Services, 2% Water Supply & Irrigation Systems, 2% New Car Dealers, 2% PPP loans are included in their applicable category. Approximately 62% of the 'Other' in C& I represents PPP loans. 19#20CREATING OPERATING LEVERAGE Operating revenue continues to outpace non-interest expense as the Company grows and creates operating leverage and greater efficiencies Operating Revenue vs. Non-Interest Expense $45.0 $40.0 $35.0 $30.0 $25.0 80.0% $39.0 $35.4 75.0% $29.2 $26.0 $22.3 $20.9 68.8% 70.0% 68.8% $20.0 $23.1 $23.3 65.0% $15.0 $19.6 $104 $16.3 $10.0 $7.8 $8.5 $8.9 $6.2 $6.4 $12.9 $13.7 60.0% $5.0 $4.6 $4.7 $5.5 $6.1 $6.6 $7.0 55.0% Efficiency Ratio (2) 74.3% 72.0% 70.0% 67.5% 60.8% 61.5% 62.8% 66.5% 64.7% 59.1% 2020* 50.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 2021 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 Non-Interest Expense Operating Revenue (1) Source: Unaudited company information, call reports and press releases as of 3/31/2021 Note: All dollars in millions *Annualized 1. 2. Operating revenue = net interest income + non-interest income. Excludes gain on securities Excludes gain on securities and amortization of core deposit intangible 20 20#21YIELD & COST TRENDS 3.00% Yield on Investment Securities 2.78% Yield on Loans 6.00% 5.44% 5.44% 5.37% 5.24% 2.50% 5.04% 2.50% 2.31% 4.79% 4.69% 4.76% 5.00% 2.09% 2.00% 1.84% 1.78% 4.00% 1.35% 1.50% 1.25% 3.00% 1.00% 0.50% 0.00% 1 2.00% 1.00% 0.00% T Q2 Q3 Q4 2019 2019 Q1 Q2 2019 2020 2020 Q3 2020 Q4 Q1 2020 2021 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 Q3 2020 2020 Q4 Q1 2021 Cost of Deposits Net Interest Margin 1.00% 6.00% 5.00% 0.80% 0.72% 0.73% 0.71% 4.27% 4.23% 4.27% 4.06% 3.98% 3.86% 3.85% 3.78% 4.00% 0.60% 0.54% 3.00% 0.40% 0.28% 2.00% 0.16% 0.20% 0.14% 0.11% 1.00% 0.00% 0.00% | | | | | | | | Q2 Q3 Q1 2019 2019 2019 2020 Q4 Q2 2020 Q3 2020 Q4 Q1 Q2 2020 2021 Q3 Q4 Q1 2019 2019 2019 2020 2020 Q2 Q3 2020 Q4 Q1 2020 2021 21 Source: Unaudited company information, call reports and press releases, as of 3/31/2021#22PROFITABILity TrendS Return on Average Assets Pre-Tax Return on Average Assets 1.50% 2.00% 1.20% 1.07% 1.60% 1.43% 1.44% 0.95% 0.98% 0.96% 1.33% 1.31% 1.34% 0.89% 1.25% 0.85% 0.90% 0.76% 1.20% 1.04% 0.67% 0.91% 0.60% 0.80% 0.30% 0.40% 0.00% 0.00% Q2 Q3 2019 2019 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 Q1 2021 Q2 2019 Q3 Q4 Q1 Q2 Q3 Q4 2019 2019 2020 2020 2020 2020 Q1 2021 Net Income ($000s) Pre-Tax Income ($000s) $3,000 $0.60 $2,500 $2,264 $2,379 $2,560 $4,000 $3,593 $0.50 $3,500 $3,238 $3,275 $2,000 $1,506 $1,547 $1,572 $0.47 $1,565 $0.45 $0.50 $0.40 $3,000 $1,500 $1,000 $0.30 $0.31 $0.31 $500 $1,171 $0.30 $2,500 $2,135 $2,194 $2,232 $2,189 $0.31 $0.20 $2,000 $1,639 $0.23 $0.10 $1,500 $- $- $1,000 Q2 Q3 2019 2019 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 2021 Q1 $500 $- ■Net Income ◆ Earnings Per Share Q2 Q3 Q4 Q1 2019 2019 2019 2020 Q2 2020 Q3 Q4 Q1 2020 2020 2021 Source: Unaudited company information, call reports and press releases, as of 3/31/2021 Note: All dollars in thousands 22 22#23120.0% STOCK PERFORMANCE Market Performance - Last Five Years Summary Market Profile 80.0% 40.0% 0.0% -40.0% 4/27/2016 4/27/2017 4/27/2018 4/27/2019 4/26/2020 4/26/2021 Russell 3000 KBW Regional ARBV Index Periods Beginning Date Russell 3000 KBW Regional 30-Day 3/15/2021 4.7% -3.5% ARBV 7.5% ARBV vs. KBW Regional 11.0% 60-Day 1/29/2021 12.4% 25.9% 16.9% -9.0% Year-To-Date 12/31/2020 11.8% 32.8% 15.2% -17.7% 90-Day 12/15/2020 13.6% 33.5% 13.8% -19.8% 104.4% Ticker Exchange 74.3% 52.5% Stock Price Market Cap. ($MM) Dividend Yield Average Daily Volume (3 Months) Avg. Daily Volume (Shares) Avg. Daily Volume ($000s) 52-Week High/Low 52-Week High (4/23/2021) 52-Week Low (9/23/2020) % Difference vs. 52-Week High % Difference vs. 52-Week Low Valuation Ratios Last Twelve Months 4/24/2020 53.9% 92.2% 61.0% -31.2% Price / Tg. Book Value Since March 2019 Stock Offering 3/27/2019 52.1% 30.5% 10.5% -20.0% Price/MRQ EPS Last Five Years 4/25/2016 104.4% 52.5% 74.3% 21.8% Price LTM EPS Source: Unaudited company information, as of 3/31/2021. Market data from S&P Global Market Intelligence, as of 4/26/2021 Note: All dollars in thousands, except per share data SA SA Ꭿ ARBV OTCPK 19.00 97 0.00% 1,309 25 19.05 $ 11.20 -0.3% 69.6% 119.0% 9.5x 11.0x 23#24LOOKING AHEAD Growing commercial banking franchise in California's Central Coast ✓ Creating operating leverage with scale and strategic investments Highly successful expansion via de novo branches in San Luis Obispo and Paso Robles ✓ Well positioned to continue to take advantage of opportunities to enhance franchise value ✓ Focused on building long term value for our shareholders 24