Lighthouse Bank Announces $0.09 Quarterly Cash Dividend Payment to Shareholders

SANTA CRUZ, Calif., Oct. 27, 2017

In August, 2017, the Bank increased its quarterly cash dividend payment to shareholders by 12.5 percent, to $0.09 per share, following four previous consecutive quarterly cash dividends of $0.08 per share. Since January 2015, the Bank has paid $2,560,314 in cash dividends to shareholders.

The Bank recently released its financial results for the quarter-ended September 30, 2017, reporting net income of $978 thousand, a 88% increase over the same quarter in 2016. Total assets grew to a record $257 million, an increase of $47 million, or 23%, from the quarter-ended September 30, 2016. 

Lighthouse Bank celebrates its 10^th Anniversary on October 29, 2017.  Since opening, the Bank has established itself as a consistent elite performer, earning consecutive top rankings based on a variety of categories including asset quality, capital adequacy, return on average assets, return on average equity and operational efficiency.

Recognition and Awards Received:

• 2016 & 2017 consecutive-year ranking as "Nation's 5^th Healthiest Bank" of 6,000 total banks.
• SNL Financial ranking as "Nation's 29^th Highest Performing Bank" in 2016 of 5,100 banks of asset size under $1 billion.
• Financial Management Consulting's "12^th Highest Performing Bank" out of 171 California banks, based on overall performance.
• 21-consecutive quarters possessing "Five-Star Superior" the top rating by Bauer Financial.
• 6 consecutive-year achievement of "Super Premier Performing Bank," the highest designation given by Findley Reports, Inc.

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 or by calling 831-600-4000.