Revenue during the quarter dropped 9.77 percent to $5.23 million from $5.80 million in the previous year period. Net interest income for the quarter dropped 4.58 percent over the prior year period to $4.81 million. Non-interest income for the quarter fell 44.43 percent over the last year period to $0.42 million.

Net interest margin contracted 19 basis points to 3.44 percent in the quarter from 3.63 percent in the last year period. Efficiency ratio for the quarter deteriorated to 64.38 percent from 64.07 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

“This quarter included important milestones for the Company,” said David Taber, president and chief executive officer of American River Bankshares. “The quarterly cash dividend was resumed along with the announcement of the 5% stock repurchase program, both key indicators of continued success.” Taber continued, “As an organization, we’re committed to profitable growth and increasing efficiency, while continuing to invest in staff and client service."

Deposits stood at $550.96 million as on Mar. 31, 2017, up 5.18 percent compared with $523.82 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $200.42 million or 36.38 percent of total deposits on Mar. 31, 2017, compared with $188.58 million or 36 percent of total deposits on Mar. 31, 2016.

Investments stood at $263.56 million as on Mar. 31, 2017, up 0.83 percent or $2.17 million from year-ago. Shareholders equity was at $83.11 million as on Mar. 31, 2017.

Return on assets moved down 13 basis points to 0.74 percent in the quarter from 0.87 percent in the last year period. At the same time, return on equity decreased 70 basis points to 5.74 percent in the quarter from 6.44 percent in the last year period.