Sacramento-based River City Bank today reported improved year-over-year earnings in the most recent quarter and for all of 2012.
Net income in last year's final quarter was $3.3 million, or $2.35 per share. That's up from $2.6 million, or $1.79 a share, in the last quarter of 2011.
Full-year profits totaled $11.6 million, or $8.09 a share, up from $10.6 million, or $7.37 a share, in the year-ago period.
"Though the national economy has shown some signs of improvement, the Sacramento market remains sluggish with continued high levels of unemployment," said Steve Fleming, president and CEO. "Despite this difficult economic environment, we are pleased to report that 2012 was the second most profitable year in the history of the bank."
For the second year in a row, loans increased 9 percent, or $54 million, to $630 million as of Dec. 31.
River City has 13 branches in Sacramento, El Dorado, Placer and Yolo counties.