January 24 2014

Call Replay: 4Q13 Earnings

Sacramento, CA, January 23, 2014 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $890,000, or $0.10 per diluted share for the fourth quarter of 2013 compared to $870,000, or $0.09 per diluted share for the fourth quarter of 2012. For the twelve months ended December 31, 2013, net income was $3.1 million or $0.34 per diluted share, compared to $3.2 million or $0.34 per diluted share for the twelve months ended December 31, 2012.

“Our team’s hard work has resulted in notable progress for American River Bankshares in 2013, including a 74% increase in new loan production from 2012,” said David Taber, President and CEO of American River Bankshares. “In addition to increased loan production, share repurchases, growth in core deposits and improved asset quality helped to bring a 36% appreciation in share price to our shareholders, with our shares trading over tangible book value at year end.” Read More >>

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October 18 2013

Call Replay: 3Q13 Earnings

Sacramento, CA, October 17, 2013 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $893,000, or $0.10 per diluted share for the third quarter of 2013 compared to $780,000, or $0.08 per diluted share for the third quarter of 2012. For the nine months ended September 30, 2013, net income was $2.2 million or $0.24 per diluted share, compared to $2.3 million or $0.24 per diluted share for the nine months ended September 30, 2012.

“In the third quarter, American River Bankshares reported growth in several key indicators, including net income, net interest margin, deposit and loan balances,” said David Taber, President and CEO of American River Bankshares. “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.” Read More>>

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July 19 2013

Call Replay: 2Q13 Earnings

Sacramento, CA, July 18, 2013 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $652,000, or $0.07 per diluted share for the second quarter of 2013 compared to $845,000, or $0.09 per diluted share for the second quarter of 2012. For the six months ended June 30, 2013, net income was $1.3 million or $0.14 per diluted share, compared to $1.6 million or $0.16 per diluted share for the six months ended June 30, 2012.

“In a very competitive market, sequential quarterly growth in loans and net income are tangible signs that staying focused on our long-term plan is delivering traction,” said David Taber, President and CEO of American River Bankshares. “While we have more work ahead of us before we can reclaim top-performer status, our emphasis on execution of our strategy and management of expenses is how we will get there.” Read More>>

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April 19 2013

Call Replay: 1Q13 Earnings

Sacramento, CA, April 18, 2013 - American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $622,000, or $0.07 per diluted share for the first quarter of 2013 compared to $712,000, or $0.07 per diluted share for the first quarter of 2012."We continue to have success in reducing nonperforming assets, which has led to lower credit costs," said David Taber, President and CEO of American River Bankshares. "In addition, the success of our stock repurchase program has permitted earnings per share to remain constant."

Taber continued, "The current marketplace is hypercompetitive and coupled with a slow recovery, has made loan growth a challenge, one that we are addressing with a focus on value, upgraded sales personnel and a strategic expansion into the San Francisco Bay Area market." Read More>>

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