January 23 2020

4Q19 Earnings

American River Bankshares Reports Fourth Quarter 2019 Results

Sacramento, CA, January 23, 2020 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.5 million or $0.26 per diluted share for the fourth quarter of 2019 compared to a net income of $1.1 million or $0.19 per diluted share for the fourth quarter of 2018. For the twelve months ended December 31, 2019, net income was $5.5 million or $0.94 per diluted share, compared to $4.9 million or $0.83 per diluted share for the twelve months ended December 31, 2018.

“While we still have some work to do, we made great progress in 2019 and are pleased with the results. Overall, loans were up 24%, core deposits 6%, net income 12% and earnings per share 13%,” said David E. Ritchie, Jr., President and Chief Executive Officer. “Loan demand remained strong with over $43 million in new loan originations during the fourth quarter, as did asset quality, and the margin continues to increase despite the current rate environment.”

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October 17 2019

3Q19 Earnings

American River Bankshares Reports Third Quarter 2019 Results

Sacramento, CA, October 17, 2019 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.6 million, or $0.27 per diluted share for the third quarter of 2019 compared to $1.2 million, or $0.20 per diluted share for the third quarter of 2018. For the nine months ended September 30, 2019, net income was $4.0 million or $0.68 per diluted share, compared to $3.8 million or $0.64 per diluted share for the nine months ended September 30, 2018.

“Our plan continues to be to increase the number of business relationships which should increase our bottom line. We are pleased with the results this past quarter with growth in the balance sheet, loans, deposits and most importantly, net income,” said David E. Ritchie, Jr., President and Chief Executive Officer. “This past quarter was our sixth consecutive quarter with over $30 million in new loan originations and that is having a positive effect on our interest income and helping our overall profitability.”

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July 19 2019

2Q19 Earnings

April 19 2019

1Q19 Earnings

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