Business & Real Estate

American River Bank posts quarterly, annual gains

Rancho Cordova-based American River Bankshares, parent of American River Bank, on Thursday reported 2014 fourth-quarter net income of $1.2 million, or 15 cents a share, up from $890,000, or 10 cents per share, in the year-ago final quarter.

For all of 2014, profits totaled $4.4 million, or 54 cents a share, compared with $3.1 million, or 34 cents a share, in 2013.

In a statement, ARB President and CEO David Taber said the recent gains were driven by “growth of both loans and deposits.”

Net loans totaled $258.1 million at the close of last year, up from $251.7 million on Dec. 31, 2013. Deposits totaled $510.7 million at the end of 2014, up from $483.7 million the previous year.

American River Bankshares’ assets closed out 2014 at $617.8 million, compared with $592.8 million at the end of 2013.

Call The Bee’s Mark Glover, (916) 321-1184.