Rancho Cordova-based American River Bankshares, parent of American River Bank, amassed net income of $893,000, or 10 cents per share, in the third quarter ended Sept. 30.
That was up from a profit of $780,000, or 8 cents a share, in the third quarter of 2012.
Through nine months, net income was $2.2 million, or 24 cents a share, compared with $2.3 million, also 24 cents a share, in the year-ago period.
“In the third quarter, (ARB) reported growth in several key indicators, including net income, net interest margin, deposit and loan balances,” said David Taber, president and CEO. “While our growth in these areas was modest, that growth coupled with the results of our diligence in expense control, showcases our organization’s commitment to continued success.”
Call The Bee’s Mark Glover, (916) 321-1184.