Lighthouse Bank Reports Strong Second-Quarter Earnings, Net Income Up 57 Percent Year-Over-Year

During the quarter-ended June 30, 2017, the Bank started the tenant improvements for its first full-service branch location in Silicon Valley, tentatively scheduled to open in September 2017. The Silicon Valley location, which opened as a Loan Production Office in December 2016 at 19240 Stevens Creek Blvd. in Cupertino, is adjacent to the new Main St. Cupertino Business Center and close to the 3.1 million sq. ft. Apple headquarters building currently under construction. The contiguous nature of the Silicon Valley market to that of Santa Cruz, staff experience in that market, as well as community bank consolidations, have combined to provide a unique growth opportunity for Lighthouse Bank in Silicon Valley.

Lighthouse Bank's consistently strong financial results continue to place it at the top of the industry in a variety of categories including asset quality, capital adequacy, return on average assets, return on average equity and operational efficiency.  SNL Financial ranked Lighthouse Bank as the 29th highest performing community bank in the nation based on 2016 performance of approximately 5100 banks of asset size under $1 billion.  Financial Management Consulting Group (FMC) rated the Bank among the highest performing banks in the state, as 12^th out of 171 California banks in 2016 based on our overall performance.

For twenty consecutive quarters, the Bank has been rated by Bauer Financial as Five-Star "Superior" for strong financial performance, the top rating given by the independent bank rating firm. Lighthouse Bank has received its sixth consecutive designation of Super Premier performing bank by The Findley Reports, Inc. based upon 2016 financial performance. Lighthouse Bank has no financial relationship with any of these rating agencies.

Lighthouse Bank stock (LGHT) is actively traded via the Bank's market makers and online and full-service brokerage providers. More information on the Bank's stock and historical financial performance may be located on the Bank's website at www.lighthousebank.net.

ABOUT LIGHTHOUSE BANK:

Lighthouse Bank is a highly rated locally owned and operated full-service commercial bank. The Bank's headquarters are located at 2020 North Pacific Avenue in Santa Cruz, CA. The Bank's Silicon Valley Loan Production office is located at 19240 Stevens Creek Blvd, Cupertino, CA. The Bank offers a full array of banking products and services to businesses, professionals, individuals, developers and commercial property owners. The Bank is dedicated to providing exceptional personalized service and access to decision makers who are close at hand.  Lighthouse Bank's unique worldwide ATM fee waiver program and complimentary business courier service expand the Bank's geographical reach throughout Santa Cruz County and the Silicon Valley. Lighthouse Bank is committed to operating an open, ethical and financially successful company without engaging in the corporate excesses that have characterized the financial services industry.  All decisions are intended to contribute to the long-term success of its clients, employees, owners and the communities it serves. Lighthouse Bank has never been subject to either formal or informal regulatory action.  

Lighthouse Bank's common stock is listed under the stock symbol LGHT.  More Information on the Bank may be obtained through its website www.lighthousebank.net or by calling 831-600-4000.

Member FDIC / Equal Housing Lender / SBA Preferred Lender

The attached release may contain forward-looking statements that are subject to risks and uncertainties.  Such risks and uncertainties may include but are not necessarily limited to fluctuation in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control.  Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated.  Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof.  The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

	Selected Financial Data (unaudited)
	Quarter-Ended		Change			Quarter-Ended	Change			Year-to-Date Ended		Change
	6/30/2017	3/31/2017	$	%		6/30/2016	$	%		6/30/2017	6/30/2016	$	%
Balance Sheet
Total assets	$ 243,782,964	$ 235,010,557	$ 8,772,407	4%		$ 201,102,652	$ 42,680,312	21%
Gross loans	185,442,862	175,368,255	10,074,607	6%		154,966,815	30,476,047	20%
Allowance for loan losses	4,080,530	4,024,530	56,000	1%		3,641,751	438,779	12%
Non interest-bearing deposits	56,938,106	50,180,883	6,757,223	13%		40,936,900	16,001,206	39%
Total deposits	210,462,931	202,479,002	7,983,929	4%		169,649,448	40,813,483	24%
Shareholders' equity	32,615,093	31,629,377	985,716	3%		29,102,162	3,512,931	12%
Income Statement
Interest income	2,899,943	2,719,094	180,849	7%		2,341,659	558,284	24%		$ 5,619,037	$ 4,453,532	$ 1,165,505	26%
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