Santa Barbara-based American Riviera Bank reported net income of $4.82 million for the nine months ended Sept. 30, a 10 percent increase in net income from the $4.4 million for the same reporting period in the prior year.

The bank continues to experience significant growth, reporting $697 million in total assets as of Sept. 30, up 20 percent from a year prior.

Non-interest bearing demand deposit accounts increased $41 million, or 25 percent from the same reporting period last year, reaching $208 million on Sept. 30.

The bank reported strong loan growth, with gross loans increasing $59 million to $548 million, 12 percent higher than a year ago.

American Riviera Bank has a strong capital position with a Tier 1 Capital Ratio of 12 percent, well above the regulatory guideline of 8 percent for well capitalized institutions.