Americas United Bank (OTCQB: AUNB) reported unaudited results of operations for the first quarter and three-month period ended March 31, 2014. For the quarter, Americas United Bank earned $111,000, or $0.04 per basic share, compared to net income of $56,000, or $0.02 per basic share for the same period of 2013.

As announced on March 31, 2014, Americas United Bank has completed the acquisition of the Lancaster branch from Silvergate Bank, a wholly-owned subsidiary of Silvergate Capital Corporation.

Adriana M. Boeka, President and Chief Executive Officer of Americas United Bank, stated, “We are very pleased to announce our entry into the Antelope Valley market, and we look forward to bringing our high quality customer service and competitive banking products to the greater Lancaster area, and we believe it is a natural compliment to our other full-service regional branches in Glendale and Downey, California.”

Boeka continued, “The completion of our Lancaster acquisition has added core deposits and liquidity to our balance sheet. We are focused on deploying our additional growth into key earning assets and look forward to the expected favorable impact that this should have on our operating results. As we have recently reported, we remain focused on building the loan portfolio and adding to the business development team to grow the Bank. The positive earnings are the results of the collective efforts of our team and we look forward to our continued success going forward.”

Total assets were $161.8 million at quarter end, up from $119.5 million at year-end and up from $111.8 million at March 31, 2013. The first quarter 2014 balances reflected the addition of the deposits for the acquired Lancaster branch. The associated interest expense for those deposits will be reflected moving forward from the acquisition date as well as earnings from those funds. Total loans were $90.3 million at quarter-end, up from $87.4 million at year-end 2013, and up from $73.6 million at March 31, 2013. Total deposits reached $133.6 million at March 31, 2014, compared to $91.4 million at December 31, 2013, and $87.7 million at March 31, 2013.

Selected highlights for first quarter 2014 versus first quarter 2013:

  • Asset growth of $50.0 million, or 44.7%, to $161.8 million;
  • Loan growth of $16.7 million, or 22.6%, to $90.3 million;
  • Deposit growth of $45.9 million, or 52.3%, to $133.6 million;
  • Shareholders’ Equity growth of $4.1 million, or 20.9%, to $23.7 million;
  • Interest Income increase of $127,000, or 12.4%, to $1,151,000;
  • Interest Expense reduction of $6,000, or 5.6%, to $106,000;
  • Ending Allowance for Loan and Lease Loss balance of $1,705,000 or 1.89% of gross loans and 3751.6% of non-performing loans;
  • Non-performing loans to total loans of 0.05%;
  • Non-performing assets to Tier 1 Capital plus Allowance for Loan and Lease Loss (known as the “Texas Ratio”) down to 0.20%.
  • Return on Assets of 0.37% versus 0.21%
  • Return on Equity of 1.92% versus 1.16%

The Bank capital ratios at March 31, 2014 are as follows:

  • Tier 1 Capital Ratio of 17.43%
  • Tier 1 Risk-Based Capital Ratio of 22.39%
  • Total Risk-Based Capital Ratio of 23.65%

Americas United Bank operates as a full-service commercial bank that provides business and personal banking products and services. For more information please contact the bank at one of its locations listed below or visit www.aubank.com.

Main Office - 801 N. Brand Boulevard, Suite 180, Glendale, CA 91203     (818) 637-7000 Downey Office - 8255 Firestone Boulevard, Suite 110, Downey, CA 90241 (562) 299-9920 Lancaster Office - 539 W. Lancaster Blvd., Lancaster, CA 93534 (661) 945-6955

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

1st QUARTER REPORT (Unaudited)                 BALANCE SHEET           March 31, March 31, December 31, 2014 2013 2013 Assets Cash and Cash Equivalents $ 2,196,799 $ 1,902,776 $ 2,962,124 Investments and Interest Bearing Deposit at Banks 16,195,861 11,176,383 15,774,131 Federal Funds/FRB Balances 50,033,242 25,543,379 10,663,350 Gross Loans 90,292,456 73,617,290 87,437,770 Allowance for Loan Losses (1,705,274 ) (1,961,847 ) (1,772,951 ) Property and Equipment, net 233,633 194,074 185,012 Other Assets   4,562,819       1,311,802       4,268,370   Total Assets $ 161,809,536     $ 111,783,857     $ 119,517,806     Liabilities and Shareholders’ Equity Non-Maturing Deposits $ 76,260,441 $ 51,332,151 $ 51,934,853 Certificates of Deposit 57,332,604 36,364,253 39,470,992 Total Deposits 133,593,045 87,696,404 91,405,845 Other Borrowings 4,000,000 4,000,000 4,000,000 Other Liabilities   539,883       511,311       572,255   Total Liabilities 138,132,928 92,207,715 95,978,100 Shareholders’ Equity   23,676,608       19,576,142       23,539,706   Total Liabilities and Shareholders’ Equity $ 161,809,536     $ 111,783,857     $ 119,517,806                         STATEMENT OF OPERATIONS 3 Months Ended Mar. 31, 2014 Mar. 31, 2013 % Change Interest Income $ 1,151,213 $ 1,024,378 12.4 % Interest Expense   106,127       112,407       -5.6 % Net Interest Income 1,045,086 911,971 14.6 % Provision for Loan Losses - - - Other Income 124,720 62,272 100.3 % Other Expenses   980,779       918,144       6.8 % Earnings before Income Taxes 189,027 56,099 237.0 % Income Taxes 78,086 300 25928.7 % Gain on Sale of OREO   -       -     NA Net Income $ 110,941     $ 55,799       98.8 %   Common Shares Issued and Outstanding 2,878,150 2,878,150 Basic and Diluted Earnings Per Share $ 0.04 $ 0.02 Return on Average Assets (annualized) 0.37 % 0.21 % Return on Average Equity (annualized) 1.92 % 1.16 % Net Interest Margin 3.64 % 3.45 % Efficiency Ratio 83.84 % 94.24 %                       SELECTED RATIOS Mar. 31, 2014 March 31, 2013 Dec. 31, 2013 Tier 1 Leverage Capital Ratio 17.43 % 17.88 % 17.63 % Tier 1 Risk-Based Capital Ratio 22.39 % 26.16 % 23.12 % Total Risk-Based Capital Ratio 23.65 % 27.43 % 24.38 % Allowance for Loan & Lease Losses (ALLL) as a % of Total Loans 1.89 % 2.66 % 2.03 % Non Performing Assets as a % of Total Assets 0.03 % 0.36 % 0.01 % Non Performing Assets as a % of Total Loans 0.05 % 0.55 % 0.02 % Net Charge Offs as a % of Total Loans 0.07 % -0.10 % -0.21 % Total ALLL as a % of Non Performing Loans 3751.6 % 487.32 % 11923.0 % Texas Ratio (Non Performing Assets as a % of T1 Capital & ALLL) 0.20 % 1.87 % 0.07 % Basic Book Value Per Share $ 8.23 $ 6.80 $ 8.18                      

www.aubank.com

Americas United BankAdriana M. Boeka, President and Chief Executive Officer818-637-7000orJeffrey Pollard, Executive Vice President and CFO818-637-7000