American River Bankshares announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced interest income of $5,158,000 compared to $5,344,000 for the same period a year ago. Net interest income was $4,870,000 compared to $5,112,000 for the same period a year ago. Income before provision for income taxes was $1,142,000 compared to $3,033,000 for the same period a year ago. Net loss was $392,000 or $0.06 per basic and diluted share compared to net income of $1,915,000 or $0.29 per basic and diluted share for the same period a year ago. Negative return on average assets was 0.24% compared to positive return on average assets of 1.16% for the same period a year ago. Negative return on average equity was 1.95% compared to positive return on average equity of 9.04% for the same period a year ago. Adjusted net income was $1,200,000 compared to $1,915,000 for the same period a year ago. Adjusted diluted earnings per share were $0.19 compared to $0.29 for the same period a year ago.

For the full year, the company announced interest income of $20,414,000 compared to $21,153,000 for the same period a year ago. Net interest income was $19,353,000 compared to $20,243,000 for the same period a year ago. Income before provision for income taxes was $6,450,000 compared to $9,796,000 for the same period a year ago. Net income was $3,198,000 or $0.50 per basic and diluted share compared to $6,404,000 or $0.94 per diluted share for the same period a year ago. Return on average assets was 0.49% compared to 1.00% for the same period a year ago. Return on average equity was 3.91% compared to 7.60% for the same period a year ago. Tangible book value per share was $9.88 at December 31, 2017 compared to $10.14 at December 31, 2016. Book value per share was $12.54 per share at December 31, 2017 compared to $12.59 per share at December 31, 2016.

The company had net charge-offs of $223,000 in the fourth quarter of 2017 compared to net recoveries of $515,000 in the fourth quarter of 2016.