AMRB - Earnings call transcript Q2 2018 | American River Bancshares

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Welcome to the second quarter 2018 earnings conference call. My name is Jackie and I will your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]. is conference this note being recorded. Please now will like to Mr. to call the turn I Ritchie. David Mr. begin. may you Ritchie,

David Ritchie

Good morning. coming Dave second company Rancho This is California. quarter of Bankshares, American Cordova, American parent update. River River is Bank, This to from Ritchie, you our CEO of

call Our is third you the bank. This is some plan joining updates. give my to since

We continue deployed. be to have to excellent liquidity, capital

client have continue high satisfaction. to We

dividends growth. giving Progress And Our is some next towards to plan that market areas plan An release the which has after underway. on three went opened when is Today, two earnings that payable I on detailing for plan report. we you cash key updates well month. out financial quarterly press the market today. the the the have releases results,

going So report. financial turn now an to it you give Mitch am to I to in-depth over

Mitch Derenzo

Dave. Thanks

time appreciate today. Of It's not all the course, thanks to typical call things you for on your flexibility. in but listening came I of our up.

started, by statements, to reports in our update which do Report looking Form get XX-K remind Links and or company's on uncertainties. cause ending in not safe Report Factors on are disclosures. such and publicly of obligation XX, XX-Q constitute subsequent I to as we any events, to Annual are the involve purposes laws may except information the and results might Before any from include Annual materially may in or these filed differ results year these and our XX-K americanriverbank.com. federal forward-looking for on forward-looking discussed required risks website, future in X-K. presentation undertake may of the law. securities Certain this Form for Actual would XXXX everyone harbor the that discussed the matters and of statements our need revise statements. located difference form forward a We December

year. ROE and XXXX. Net six-month the balance in loan loans as points, tad basis, XX fundings. payoffs ROA $X.X our of to provide try for X% am will the up back the year additional our basis ROA same the $X.XX up going X.X% last we at from Earnings the during then one $X.X in and net in Comments second highlight And also ROE and and to year-to-date was details release $X.XX quarter quarter questions. XXXX, $X.XX was the over key for per additional the ago. that XXXX. same million points. the yesterday. calls, Earnings Yesterday, try second some same released were income million. the same respectively the That's to second Dave to sheet. lines ROE of million. the quarter. XX from second million our basis net -- On for X.X%. was did the in a share That XXXX in press $XX.X compares reported basis to share new some points period share to open exceeded in XXXX. per a and X.X we and $X.XX compared quarter one ago. quarter ROA XXXX $X.XX from for were slightly it to up comments will past as XXXX. of of for for to million some XX XXXX, year XXXX. with to I turn $X.X the up in came income As decrease up up on analysis the of the period, X.XX%, areas I of compared That then the per The from was

we these that of quarter amount plan that are were it and we XX. And We new more reporting we lenders seeing quarter. advanced am million boarded I are the some as lending seasoned last is new While actually from These doesn't are million of loans begin decrease happy the lenders during this our commitments, Dave funding to and work. but already did the in does outlined of lending year capture added We show during another seeing staff anticipate fully May. from some earlier remaining a reported decrease, the I believe not do new some booked early area. $XX about quarter couple to folks. to our I years with that folks great our results of the only million, add liquidity $XX a progress XXXX. here in put more that April. to We net of June $XX in average commitments an XX Though upgrade of

real some $XX We had quarter. payoffs. We million also during got the hit hard with payoffs in

of those of want that actually week in $XX.X loans last Some we of increase last We in outstanding a off nice point and did of of scheduled, do not those in the commercial I out were paid part June. them the some to had million large payoff quarter. the during a the were quarter. week see

on was that commercial. these. up quarter the the during loans, of we rate loans we on X.XX%. million booked good $XX the are We million are $X.X seeing Average some the in And pretty average rates

table also are they penalties. soften the bit. continued prepayment some a some the Yes, on loans, blow leaving we are losing of these which to see helps money but We

that strong. about to charge-offs. $X,XXX remains Also to lot $XXX,XXX and are penalties from up year, quality, the quarter the up Credit XXXX, for in $XXX,XXX not is those compared prepayment to in credit a have recoveries whole second national During year. shared $XXX,XXX on XXXX. few we $XX,XXX zero been We lot past Credit That's the in last report. to XXXX. quarter had a talking pretty the the still of there quarters. the second then not for were report we And

to We monitor closely. very continue it

We seem to information. are Really to had We our have adjustments any no to report. -- quarter. write-downs nothing this gathering They additional progressing. didn't be

a Just specific reserve. our $XXX,XXX net outstanding reminder, is do a We $X.X our have as balance balance, million.

$X,XXX,XXX. That our of one up of loans. They our net made made The the during one property, are during $X,XXX exposure nonaccrual rest So actually makes up commercial of principal $XXX,XXX. our XX% quarter. of the real nonaccrual loan loans payments is estate quarter, payments

totals actually a to on $X,XXX loan loans putting the We nonaccrual. by relationship. commercial reduce have us We for balance There's that in that subsequent two it new quarter. That's that nonaccrual a did $XX,XXX.

earlier property was in and We escrow. of nonaccrual we from That's making was one that full XX one And has are expect been excluding there. So the of sticks this new what to get date the that low. our it current If past working closed. property, a the considered seller catch taxes expect The I since borrower hard quarter, it's payments. sales past renewed their on The as to add exactly we they trying and well. today. end payments. up a is it was and loan to quarter. worked for property of still is now. it one X.X%. was that XX, $XXX,XXX. equity just the here, At due then of are price that's is that back payoff in ago. had At $XX,XXX. the the outstanding. we renewed. buyer are of X.XX% loans being one allowance, assuming have full making that due, days past No loan loan year mentioned the the $XX,XXX it The also equity We can on relatively was payments had June the On course. They year meantime, payoff, get value Classified the closed, is In where or recovery the It out OREO process commercial of change XXXX, as

be for mortgage million. $X.X totaled XXXX, quality No Of $XXX for flowing a XX, loans. the and down, June million from million $X.X credit total just to a few structured well It high course, investment At products $XXX,XXX municipal the ago. breaking real that portfolio year and portfolio. is then the nonaccrual up That's combined in million. $XXX change of cash continues it's OREO

in with results And the XX.X%. And balances years X.X reduction The In portfolio sponsored related. U.S. the well XX% still $X loan in mortgage our investment as deposits Average short. changing addition, the XXX About million agencies, is increased as X.X. did of life of in or up obviously primarily increase government balances. government duration agencies U.S. in is is end the the the of quarter price portfolio is we entire portfolio portfolio from and the Fed the funds. remains

So low. relatively

continued rate experience interest a We market increase. to

gain year, June unrealized XX per XX the This the the impacting whereas on June of share. of unrealized $X.X year gain value unrealized points That's swing by bonds. one to $X.XX loss That At year, million. XX per XXXX, million So book on to reduced a the XX, the this unrealized obviously last tangible basis added At per compares an gain that's June portfolio was share. $X.X impacts book tangible mentioned tangible ago. unrealized our $X.XX loss book I share. of our value,

So on tangible book a value. the big impact

XX, the X.X%. million from million non-interest increase $XXX.X That's in sheet. a increased deposits June our June XXXX from $XXX Much increased at end at million that which increase at Deposits of of million of $XXX.X to side balance December XX, at or to other December $XX.X the XXXX On $XXX XX. incurred the million XXXX. bearing

XXXX. year, an from in We $XX.X of at million June did to the end of $XXX $XXX quarter at we Despite the million. the Those see also second the increased in market. growth a in the during million decrease saw XXXX balances increase money end of

quarter during million, in I their related were to $XX half relationship that sold my comments quarter, the first about of one the you recall, mentioned increase business. was about last that If

the I told didn't bank. in stay think funds we I that long would how also know the you

expected, bank leave quarter. Fed balance we We Well, did but short. had I about in much second that XX. of at the So funds the March keeping $XXX,XXX as the all the large fund balance, are

deposit actually quarter. $X the excluding in relationship, reality, So in that by nearly balances grew second million

core relationship in the to deposits, Non-interest decrease XX% decrease XX, the XX, at really that as March million just one $X million refer XX% and did June balances our which of was were reason total at XXXX. that $XX of total deposits. balances, bearing primary XXXX deposits of our Fed non-CD funds from Now we is to

the points be points, the basis $XXX,XXX market CD about basis higher this Average So of still in Again, net to going that basis it's related the the of that our XX market points from did The basis year. during from that primary some quarter in now higher the expense. because rates. and Overall comprehensive continuing renewing million. XX slightly much other of of decrease year obviously in points last up borrowings about half deposits and negative was AOCI XX XXXX XX half rates, Equity as remained funds our higher the increase last or deposit The but rate six points first first portfolio. year. a things accumulated in first the did was, income rising over Capital we the from deposit FHLB cost environment increase $X increase points is decrease that of increase for are and basis of strong of results to CD much in the is one half to the strong. a levels are year quarter. really income cost positive half cost from ago $XXX,XXX reason of for higher at was centered that first cost a for by on exceeding of rolling the really X the basis those

year. XX.X% Those the of this at of was slightly end base and XX.X%. X.X% XX.X% one ratio, down year total leverage from And respectively June risk Our our are ago.

Average quarter XXXX, $XX price repurchase second did of was those the a we share. shares. XX,XXX For on

issue David year, we we average mentioned, at XXXX for of shares did our release $XX.XX. XX% XXX,XXX repurchase about target repurchased of the press we cash the well. laid did the out as program. For price dividend yesterday an the that That's for

compared good much We decrease did That's year. last of be Non-interest on increase to to see quarter to about And sales. quarter second those that the at from this million quarter. about had we increase for XXXX. strategies. the salary increased believe non-interest talked investment the is in gains $X.X $X.X a capital to primary We in in reason the last that million second management less $XXX,XXX year an a We We expense, and there. income increase to related did side. Not which year-over-year. XXXX benefits continue the We in of see investment primarily there. by bit

We early I one our joined I that the in had in that's in As new full, April. up Taxes. did quarter which, brings we that are to one we we relationships late managers bank reported, April. point. relationship total our last mentioned We that nine And target another at for four mid-May. to added this believe,

benefit tax to XX.X% million the The pretax tax rate rate The income from down us. continue lower lower tax XXXX, in We million effective Federal decreased compared to last was XXXX. in XX.X% rate. The year year. benefit from this $X.X did to $X.X

to Of And does course, basis fully for a it that XX taxable off ratio. points impact rate, lower effective couple Dave additional it and does back quote return of about the over you. points a That basis then drop. ratios the on Thank tax comments. I dropped our rate of some efficiency equivalent as some we about margin

David Ritchie

Mitch. Thanks Yes.

wanted and on the goal back would that goal, performer. to I that's we I We is update be which call to more strategic need be, we you a to have goal, return way. a big goals. efforts companywide integrated in think, the its the of give top focused the plan And probably second toward align ultimate need a quarter want We and So plan would the single big January the put to and profitable. to to being on I together kind well

simple. And guess tactical call those I tactical the it I perspective, so, will pretty are a From goals.

to relationships. our number increase profitable chasing of relationships. out are want We We the

that the done changes to about that in in to members needed past. I done right the less have on we needed well to we I is, bank more last think assess their focused we up that and think the obviously a been for growth the in brokers help in the about be talked We something And with minute. need make us and things significant fairly much think the past we and markets team are Staffing which we job there have on way. I visible are And and about getting talked place thing We growth. serve. was just we talk will a in the

significant bank will about is think, first the benefit, of needed the lending internal restructuring, I thing And talk have fairly particular our credit think our the for I assessing some just in groups I needs make everyone's and changes. we of made and functions.

we internal helped advantages speed a other restructuring market. that got about be minute. the really and project we of now of and reflection We that And to borrowers got a review the our I have doing particular. the make has maybe I for reviews, that talk a policies appropriate market think would we and competitive changes focus significant what I are the right piece to and so to have is, is our policy us. make will a is And are the in And with providing say, more the appropriate in cleanup one

heard The beginning the of we to along short now. of are terms it from other thing and the was, staffed you in year have

And it at some that, we Since I Mitch to Officer. for RMs mean to important on that us think last call the and you really that the with passion hiring new that the have this organization we to growth. frankly, the spoke, time I be people we really to I we that I wanted for a so close Credit quite done think I particularly, out And were think have last have was hired. Chief had wanted very about, right we front. mentioned talked same as seasonality, look for We to go

middle with of done May. started that. have the Dan company in the We McGregor

a we full, say The And been will that's commercial now I I the it's for nine. never in somewhat. reflected team, our pretty to huge results banking I but So right with that's lift. think feel good think

I say a think and we real are We it lending development did quarter the To had did we to was commitments C&I. an on, we loan noted should $X of that happy it all $XX in be estate. said, that agriculture a new million some an you and I contractor. idea, million wasn't company. to Mitch give put money as am

a some with did also franchisee. We business

our real So people know we in some in We the brought of reflection bringing some is people we hiring are deals definitely brought in. commercial -- we C&I. estate, part a also that understand and of are that but banking

what's four in market pretty we think two hired January April on fill I if May everything about in is, interesting it, person the up. that you think and and the in about speed one to front,

I these days you figured integrated XXX bank. if into to about take it So to people get XX would probably it, think our

about think very books. in average get team the think whole place XX new about a for you time so, able we about probably nice of were what's that, in And to I the business period had of short And we as it, an days. some on

think managers I the nine new the came from business five. relationship of

So about was But pleased with the we I on halfway that. are there productivity.

somewhere the probably brand-new XX count new think I was or XX relationship relationships.

relationships good that's didn't We I progress broker that, so for crazy certainly weren't And that a We think them. deals. I was good And some the but of that's some payoffs have think other with about of really us. some thing. than of

covering, think not RM whole terrific. The been managers idea, are integration teams, our with branches. on up with are of the so teams into our loans. working just way. four set joint has And branch are relationship they they are I The each making the we That are we calling, and

We help into like have banking in the branch things and been our with systems systems depository that. integration and managers able to to bring

great that's So progress us. for

am I process loan the pipeline idea now. have pretty I about am pretty happy pretty we that am very the that seeing. I I about committing and a succinct am about staffing happy So happy the

the And in on booked a quicker. things are And $XX market. the we That that to lot should be June. moving it this, so in million million speed $XX noted did of quarter

put XX on days, stuff we in some So the book.

last in talked that So needed that thing. was was, a We good thing we the The about had visibility. other markets. was our thing

yeoman's have job a done think on I we that.

I think these lot gauging and of employees events. all have we we sponsoring of gotten been have And our in a exposure. events

attended serve. we alone couple we markets I think XX or to the events months so last some and the in in close

are are the market people buzz So we think Bank media that. I proud of really again. the are we River getting nice And and some that about coverage is American in general talking

always, as data our markets trends some have Positive nation. so, the press we economic And and our continue included in the in California release. in

So last and how is, continue to thing discussing already our would about ay our I we and strategic begun momentum. have plan thinking XXXX

So be the for would could you if Jackie, lines open great. up that questions,

Operator

Instructions]. [Operator

comes Tim Sandler ahead. O'Neill. from first Our question go O'Brien Please with

Tim O'Brien

morning Good guys.

David Ritchie

Tim. morning Good

Mitch Derenzo

Good morning Tim.

Tim O'Brien

So it and Dave to was payoffs some color payoffs payoffs gave property with participation Was and refis? those were in estate. weighted was What regard just you behind the Or payoffs? and multi The sold? it such. about real

Mitch Derenzo

Tim, about reported. some loan That of ago. was pools of we bought couple I XXXX. in think a multi-family A part growth our year-and-half

three off probably paid those. the They those of in of Some large quarter, are pretty deals.

in are not allowed to We people. of those get front

not As are Dave relationship those out, pointed deals.

So again --

Tim O'Brien

the know they necessarily? occurred don't why under You --? What

Mitch Derenzo

the of periods to rate through Most and I just the think, gone probably it, was and they reset going Yes. refi-ed. had prepayment

the Yes, of So really some want business but they are right we not again, Does bother lost me we type now. are volume? not relationships. that it they

bank. Another one. had He sell. his Guy own did

terms big low pretty was I not deal, think recourse low and but were long-term No a fixed. the good. deal, Another X% it long-term,

take. we and just rate the these not to credit are risk Now want interest

broker was just And too. you sit So it to anything Dave, have got there? add out. sometimes you do have to a deal

David Ritchie

aligned for and organization this management part the having lacked us, teams relationship to is the people think the that branches I with in process the is have new past something have we Tim, we know multiple the of getting relationships. in

team And relationship assigned feel so managers. the that got now in to we since the I we portfolios have have place,

have I was honestly this most We than sale. but $XX sure payoffs the of we one do relationships, other are think making non-relationship-based million, of

So going always to you I payoffs. think going have forward, are

the That's that. know game. guys You

clients how have news the and that bought, good to more Mitch that these get all. do stuff. That's relationships portfolio there we really The You have think work. like brokerage some loans and to we access I at paid is really or the But we the didn't got weren't customers off. is said,

of So about that said, as Mitch there is left. million $XX

so we it, We monitor we the best that. do can. And watch

that's to I that happened. stuff happy versus say so And think it's am stuff. what relationship I non--relationship

Mitch Derenzo

those on the loans much I a in rate. market back at guess positive note, higher are a putting out we

David Ritchie

Yes, exactly.

Mitch Derenzo

Over the are we and the those for off, quarter low probably threes. paid are some X.X% in loans of

Tim O'Brien

my today that to it's just last that the because the thinking think two you of that's even all different year a that headwind much up reasons, for perhaps? I always, fewer what's or this client, Mitch, not ago, we just happening side turnover relationship with we today the And that expect in two would more something And banks of question did commercial client see loaned that where years about, a that's ago. than for is and time, non-relationship is a thing or surprising in refi a market market refis point because me American been of ago regardless real to whether slow loan long River years kind down made is business of would if say book. rates? the Isn't I or on and were perhaps the my pricing nature you estate just these they it's was than for do is, marketwide, And guess

Mitch Derenzo

with agree should see would I we that your less. comment

than higher have right if lock-in. get going XXX now and popping every a that can going is resetting year, loan maybe it years six am that refi would now so reset XXX are market it's was or to it's that, and going and refinanced. months for five to where those increase are resetting what continually on I if up they maybe And points, fixed say be to a you we basis However, putting some basis points now they are considered

I be on. an eye those be ones would keeping that the So will

Tim O'Brien

is to the when what's and a So bank's a You client of it's business have better that do as the out that for like market like that that anymore if the comes as far loan chance you reach reset? book because up not the reset, a do with will is concerned, relationship this here? you over can something are and the response? you can What's say, on I me don't where I client

David Ritchie

think Yes. that it's relationship, to catch-up. are that the do have Tim, a to of covered we we think them. loan. the have been keep I And relationships and part really have it if is, those going managers I little We relationship the enough everything portfolio didn't are we necessarily assigned. the And playing portfolios, didn't a now of

of are that combat out the trying are make we and of of take they And that we sure these to these serve here is and thing for know to what and relationship a care are that a doing, get them. hold here managers to First that's people we are blocks bit. here we to

Mitch Derenzo

of. I loan believe. example is will resetting one I give you I know A January, in

we still five, making months So six months, It contact pretty is large already are them. are we with out and six loan. a

loan make will we a and will out. We to we lose. with that That's contact want the it work them don't relationship

Tim O'Brien

I this would a Is to Or suspicion a reset my money estate to time have this? some way today But too, for sales loans to about long real in due as, related look at as And you refis. waited far thing to on imagine. that would what fair that be make property from is are false? you more see that likely then payoffs that

David Ritchie

would agree. I totally

Tim O'Brien

hey I need And you and did properties experience any then anymore? of say, go, this you clients guys don't they your here selling

Mitch Derenzo

of looking smaller of it. it am control $X.X one that here the couple was We that. ones that Not but at didn't of I A the well, over. did majority the we have million as majority did. But ones

Tim O'Brien

Are transactions buying feel your basis for to More have properties or sell? are clients you a likely this point? at selling amongst on if a seeing or net you do

David Ritchie

project. little some all it's are do guess a creating But board. over clients selling I the liquidity another probably, Well the to and of

But that. We have if consistent had a I for answer those. couple one know a of there's don't

Mitch Derenzo

buy, are selling, turn is, they of and can capital the gains. it Most around they so going to avoid are paying they

Tim O'Brien

guess you that with which far forward might might look growth, line I what So to your just influence starting I net sense obviously how of to is, of the is that as a it. guys that's loan like better going really questioning picture, get big now? as and important approached trying story turnover And

So that's will But back. comment. step I my

Mitch Derenzo

us I you, to forward look that figure when out, you letting know.

Tim O'Brien

Okay.

Mitch Derenzo

the we our and those get so In are retain try eye of and keep to to can relationships an to head on meantime, them. going them, trying we keep

David Ritchie

team Tim, little the of and of and we can have bit soften but this teams I shared five, maybe we set if by everyone, saying it I have one right. up way a three teams we with know have don't the relationship is four we

handles leaders like we a so there's and there's manager there a of that a have what that relationship call kind portfolio is and would four, manager and And a underneath we that day-to-day. team underneath underneath person

more on idea and going portfolios these the And is spend are we so that is, leads right points have a lot these the relationship time team to way to do touch which it. clients here the managers their as on

I think some are true just transition are dealing who been in trying lot and consistency coverage think the with past, we these nobody I And knew relationships. there has get to with. a and on some RMs of they

have So sell. are to going you people

know that. You

to the have with good a somebody don't end day, want the and we But We client at are else. payoffs. to of refinanced them take going

effort trying just management. on are we to lot So do relationship a a little We more. make bit more

to do have that. We

Tim O'Brien

pipeline? that Prospect you on Will provided quantifying color know, some start, at you guys the or something market ever will numbers? anticipate in that I giving don't point? you Is pipeline

Mitch Derenzo

think don't so. I

Tim O'Brien

on calls? Even these of one

Mitch Derenzo

actually mean? misleading? the saw you can that in of can be What's if book? pipeline I think percentage what sometimes pipeline Well, a does that there, that

Tim O'Brien

Absolutely. It's all in the definition.

Mitch Derenzo

Yes.

David Ritchie

Yes.

Tim O'Brien

are I would guess, of is at about the quarter this they curious is But fallout just there ratio. better, much, mean, kind deeper which judge of But but that, yes, of end what's the stronger, at a you say here bigger, probably that. prospects But way I how quarter. the at qualitatively that. that's the your than getting that beginning were broader, to

David Ritchie

because would how is streets. here have just on some it, you I process the paper is get the the Here's number to mean, kind got answer number. of I the

signed, seniority what even before are we here, is which if So because back against out the with becomes really are to get get, I what is everything the if trying we just do we see, people come like people call throw pipeline, and front before in here, we get a it information underwriting, wall and have we but they of up prospects then term we pipeline. to that we little sheets it new it call think don't usually enough pipeline

And them. every a we are the a here number, pipeline that calling clients so new and it are we what all lot hires. to changes have technically of I systematic of the day. following because little of today new pipeline mean there's seven they and is approach really A these bit hires have

the doesn't I of I kind are give here market. big whittling we But don't number the pretty we So down with I that what mean is old pipeline think idea you it. would to that rather really here a about is from am I and just it really good feel anything the hearing want what to

Tim O'Brien

Thanks color guys. for the

quantify. how so Thanks. to going of trying will I kind get can is step process we this Just sense of to back. proceed a

David Ritchie

It's Tim. great. Thanks No.

Mitch Derenzo

Thanks Tim.

Operator

Thank you.

Tim question Please Partners. comes next go with Coffey FIG ahead. from Our

Tim Coffey

morning Good Thanks. gentlemen. Great.

David Ritchie

are you? Tim. Hi How

Mitch Derenzo

Tim. Hi

Tim Coffey

Good. Thanks.

think, forward? the I trying would equivalent have do level, cash a to be what a been of Just my am normalized you reasons. for around number And and of elevated balances. going wondering kind get head They

Mitch Derenzo

did a near the of the have end We Yes. quarter. growth deposit right of quite bit

million probably are that big back keeping for. I a historically, would are was I higher of the get well, we like ton, of probably level a as mean It one see. then I thinking and went the most new out of than held few that But we takes you quarter it little look So days fundings a loan kind and that because to been shorter we have primarily a $XX I in the am last $XX if keeping invested relationship the fundings. that we at relationship, range. loan to to because out have that I deposit million. money had money

going higher So based probably keep a little But that. more I the am again, pipeline. a little than on to

pipeline, look but pipeline. I you we not to a really where depend am reason going in exact the in number, on our $XX million if thoughts So to there. it's the you all no my year on ago were at there keep more was giving than

Tim Coffey

going arms going Right. if you around, do quarters. liquidity, And initiatives you also obviously. of these have few I going, because lot past to to that's parts my a you to actually had get what moving have trying are am But for need

liquidity all. to And thinking am I trying how of about that so figure out, level going should be forward? I That's

Mitch Derenzo

I of As off on million quarter. in loans most of last with paying mentioned, we that paid week off the had those $XX.X in last the the day

there. right So $XX there is million

where to close out and would I that's pretty like to that be. pull You

Tim Coffey

that million of Okay. was related discussed loans the you paid those multi-family to earlier? that The any $XX off,

Mitch Derenzo

handful a of those yes. there, were There in

Tim Coffey

I of the think strategies have of pretty kind several far. non-interest versus have place? the that in deposits feeling deposits to and total the be pretty to bearing you marketing Is And you We so Thanks. indicative Dave, right. quarters. efforts got good put growth trying are you in that growth about done at in well look All Okay. last your

David Ritchie

am need deposits from, you and perfect you, as Totally. the I relationships I the and build shying world, to mean, is as grow. these full relationships the away to to services. the here loans The we and strategy is with I grow be loans whole know And think relationships. honest the have

working. So it's

then I is a has branch banking that teams just these really phenomenal. one really about on bit a go And mean, the and loan that fortunate. you how I managers is tell is there the Tim, for got it's to to team and to interaction, have call to deposits. retail a how the feedback to gosh, little lot leadership talk about a momentum game. just knows refreshing somebody of that somebody been, the from and services do knows call, just just job. the from talk out manager side, to the I the We And mean our branch are branches just of and relationship great a

have there I the since to moving the at with I other piece mean Express pressure there's Platinum depository really here, some around at people clients. mean I job will of because in that but other I score, to, really interest like up, this, on these that other been I having felt of Card, American we some I look think relationships kind remarkable When we be that it's just quite lot this I get mean talk realize, feel thing, people. of and great could we how like have net said rates our to it's we service concierge and leaders customers. have servicing I promoter really branch pressure. banks, of impressive. think talk it's bank, a kind do we deposits, who a kind pressure and haven't a

So stuff about loan XX I deposits last really brought and everybody am days that's good am was in hoping that, and good. I the and good feeling really too I mean, pretty the

So works, have in think if coupled some momentum and just think I I we marketplace. the pretty all with recognition the it good got

wouldn't side we been, see thought we think I a I I are third thought. I some much loan days the the on would thought get XX we really really had I I till we it's be. plan, then I But mean Granted we think of ahead it. quarter. better are little payoffs, the

Tim Coffey

well. the press just of area. one were to out Is data growth No. Sacramento release, I then in things economic in concern a in job that my some agree. the the the as slowing I And of you was popped at last the thought that question all? you reading was,

Mitch Derenzo

have we the with area. concerned of employed a Because it. not in No. I lot people still Eventually, yes, am

Tim Coffey

your Okay. size, to local especially outgrow anyway, to I likely if according you your everything are relative markets plan? mean goes given

Mitch Derenzo

Exactly.

Tim Coffey

for my very were those much time. you your Well, questions. Okay. Thank

David Ritchie

Thanks Tim.

Operator

you. Thank Okay.

Raymond Worthington comes Please ahead. from Don James. Our with go question next

Don Worthington

Good you. Thank morning.

Mitch Derenzo

Hi Don.

David Ritchie

Hi Don. How are you?

Don Worthington

Good. missed it, quarter? but much fees Thanks. Mitch, the you may have mentioned prepayment how did impact it in I the the margin and

Mitch Derenzo

that don't the a did again. can give dollar I percentage. I you I have those give as amounts.

Don Worthington

Okay.

Mitch Derenzo

simply divide that yourself. earning those just the can assets, by calculate you can average quickly You

Don Worthington

again was it Okay. quarter? The this dollars? Yes. What

Mitch Derenzo

Let around things me of kind throwing page. find that I am here.

$XX,XXX for months, year a $XXX,XXX So And first then the the $XXX,XXX, to ago. $XXX,XXX six six for versus the quarter months the in compared of last year.

Don Worthington

Okay.

going second know in of similar a unless but you prepaid it's drop the gives of expected some I down amount terms So margin you from forward, have specific guidance, fees? quarter probably don't to the

Mitch Derenzo

statement. fair a That's

lower hoping to the some rate off, which with we curve, as these paying are end that We C&I been And to loans are that are has more increasing. be tend tied C&I. benefiting typically the of shorter

are So hoping some way. that. we that to increase spot you are But with margin on

Don Worthington

Thanks. right. All Okay.

Mitch Derenzo

Thanks Don.

David Ritchie

Thank you Don.

Operator

you. Thank

questions your at This today's no have concludes and participation. We conference. ladies Thank further gentlemen. you you, time. this Thank for

may disconnect. You now

Mitch Derenzo

right. All

David Ritchie

Jackie. Thanks

Operator

Thank you.

American River Bancshares (AMRB) 20 Jul 182018 Q2 Earnings call transcript