May 19 2011
The Board of Directors of American River Bankshares announced the re-election of all eight Directors at their Annual Meeting held Thursday, May 19th in Rancho Cordova, California.
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."
April 25 2011
American River Bankshares [NASDAQ-GS: AMRB] today reported net income of $206,000 or fully diluted earnings per share of $0.02 for the first quarter of 2011, compared to net income of $306,000 or $0.03 per diluted share for the first quarter of 2010.
"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> >
January 27 2011
On January 27, 2011, American River Bankshares (NASDAQ-GS: AMRB) reported net income of $77,000 or fully diluted earnings per share of $0.01 for the fourth quarter of 2010, compared to net income of $180,000 or $0.03 per diluted share for the fourth quarter of 2009. For the twelve months ended December 31, 2010, net income was $476,000 or $0.05 per diluted share, compared to $1,586,000 or $0.26 per diluted share for the twelve months ended December 31, 2009.
"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>>
October 21 2010
American River Bankshares today hosted a conference call to discuss third quarter 2010 financial results. Listen to a replay: http://cc.readytalk.com/play?id=f9547x