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>>

Taber continued, “Despite those positives, our loan totals do not reflect our activity as payoffs outpace new loan originations which continues to put pressure on our net interest margin.” Read More>>

“The third quarter marked a new phase for our Company as we united our three bank names under the American River Bank brand; launched a multi-media marketing campaign; and introduced REACH Business Blueprint, a business analysis tool that is a clear differentiator for our bank,” said David Taber, President and CEO of American River Bankshares. “After more than a year of research, planning and restructuring, American River Bank is positioned like never before to dominate as the regional bank of choice for business owners that want a strong, stable partner that can offer exceptional client service combined with an elite level of business expertise.”

Taber continued, “While our team has put a considerable amount of effort into generating loan production, our actual loan growth has not reflected those efforts. We booked $13 million in new loan originations this quarter, compared to only $5 million in the third quarter of 2011, but payoffs continue to outpace new loan demand.”

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“While we’re pleased with our increase in earnings and core deposits, reversing the trend in decreasing loans outstanding is our top priority,” said David Taber, President and CEO of American River Bankshares. “We’ve made a number of organizational changes to make sure we have the right people in position, including making strategic new hires, to build a quality loan pipeline.” 

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“The ups and downs of the current economic cycle continue to reflect in our results,” said David Taber, President and CEO of American River Bankshares. “Even though we are having success bringing in new business, as evidenced by an increase in core deposits over last quarter, loan payoffs are outpacing new demand.” Taber continued, “As an organization, we’re focused on activities that promote growth and efficiency, while keeping an eye towards progress with asset quality.”  Read More>>

“For the second quarter in a row, American River Bankshares has posted profits in excess of $1 million, which is a result of our focus on improving asset quality,” said David Taber, President and CEO of American River Bankshares. “Our progress would not be possible without the hardworking and dedicated professional bankers at our Company.”  Read More>>

“American River Bankshares’ focused strategy has led to a respectable increase in profits to $1 million or $0.11 per diluted share for the third quarter,” said David Taber, President and CEO of American River Bankshares. “Our team’s dedication to supporting client needs has resulted in an $11.3 million increase in checking and savings balances quarter over quarter.”  Read More>>

“American River Bankshares continues to make progress in executing our business plan,” said David Taber, President and CEO of American River Bankshares. “We will continue to build our franchise through new relationship development while focusing on reducing our non-performing assets.” Read More>>

In his address to shareholders, David Taber, President and CEO of American River Bankshares, discussed the Company’s performance and strategic direction.

“American River Bankshares’ specialty approach to business banking clearly differentiates us in an increasingly homogeneous industry,” said David Taber. “With 71% of our checking and money market deposits coming from businesses, we have a strategy that puts us in a class of our own with a model that is very difficult to duplicate.”

“While American River Bankshares has been working hard on reducing our non-performing assets, we are not pleased with the time it has been taking to achieve resolution,” said David Taber, President and CEO of American River Bankshares. “We are, however, pleased with our high level of business development activity, which has led to a 7% growth in core deposits year over year.”

Taber continued, “Over Seventy percent of our checking and money market deposits are from businesses, making our Company a pure business bank. This competitive advantage, along with our core deposit growth through new relationship development and our continued focus on improving asset quality, is the best strategy for long-term shareholder value.” Read More> >

“American River Bankshares ended 2010 with a modest profit, despite high credit costs,” said David Taber, President and CEO of American River Bankshares. “We remain optimistic about our direction, with non-performing assets down $2.7 million quarter over quarter and core deposits up $18.5 million for the year.”  Read More>>

 ”The American River Bankshares team continues to do the hard work necessary to move our Company forward,” said David Taber, President and CEO of American River Bankshares. “While improvement in our asset quality is slow and steady, and loan demand is weak, our team continues to see success in bringing on new relationships, which has resulted in a 10% increase in core deposits year over year.”  Read More>>

“The quarter, while not highly profitable, demonstrated continued progress in reducing our non-performing assets,” said David Taber, President and CEO of American River Bankshares. “However, the real story is our positive growth in core deposits excluding CDs, which have increased 15% year over year.”  Read More>>

A replay of the presentation is available at http://www.sandleroneill.com and attached below.  It will be available for 30 days following the presentation.