American River Bankshares Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Announces Net Charge-Offs for Fourth Quarter Ended December 31, 2018
For the full year, the company announced interest income of USD 22,242,000 compared to USD 20,414,000 for the same period a year ago. Net interest income was USD 20,646,000 compared to USD 19,353,000 for the same period a year ago. Net income was USD 4,900,000 or USD 0.83 per basic and diluted share compared to USD 3,198,000 or USD 0.50 per diluted share for the same period a year ago
For the quarter, the company reported net charge-offs of USD 65,000 to USD 223,000 a year ago.