River City Bank reported earnings results for the three months and nine months period ended September 30, 2015. The company reported net income of $2.3 million, or $1.62 per diluted share, for the three month period ending September 30, 2015, which compares to the $2.9 million, or $2.05 per diluted share, for the three month period ending September 30, 2014. Due to declines in long-term interest rates, the Bank recorded a $1.5 million mark-to-market loss on interest rate swap contracts for the quarter ending September 30, 2015, compared to $226,000 of gains for the quarter ending September 30, 2014.

The Bank's net income was $8.6 million, or $5.99 per diluted share for the nine month period ending September 30, 2015, which compares favorably to the $8.2 million, or $5.77 per diluted share for the nine month period ending September 30, 2014. The current quarter mark-to-market loss more than offsets the first six months of 2015 gain of $382,000, resulting in a net loss on interest rate swap contracts for the nine month period ending September 30, 2015, of $1.1 million.