Rancho Cordova-based American River Bankshares, parent of American River Bank, on Thursday reported 2015 second-quarter net income of $1.4 million, or 18 cents a share, a robust 40 percent improvement from a profit of $1 million, or 13 cents per share, in the second quarter of 2014.
Through six months ended June 30, net income was $2.3 million, or 30 cents a share, compared with income of $2 million, or 25 cents a share, in the year-ago period.
“Second quarter results were positively influenced by our fourth consecutive quarter of loan growth and year-to-date increase in core deposits,” David Taber, ARB president and CEO, said in a statement.
Net loans totaled $275.4 million as of June 30, up from $246.5 million a year ago. The banking firm said net outstanding loans increased to the highest level since 2012.
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Opened in 1983, the bank has five offices in the greater Sacramento area.