River City Bank increased the quarterly cash dividend from 21 cents per share to 23 cents per share.

The dividend is payable Feb. 21 to shareholders of record as of Feb. 7.

The Sacramento, Calif.-based company reported net income of $4.7 million, or $3.27 per share, for the quarter ended Dec. 31, 2016, compared to $4.0 million, or $2.77 per share, for the same period in 2015.

Full-year 2016 net income was $14.9 million, or $10.34 per share, compared to 2015's $12.5 million, or $8.76 per share.