Oak Valley Bancorp

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

OVLY$34.68+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance sheets

CONSOLIDATED BALANCE SHEETS

(dollars in thousands)

	December 31,	December 31,
	2023	2022
ASSETS
Cash and due from banks	$180,068	$415,803
Federal funds sold	36,500	13,830
Cash and cash equivalents	216,568	429,633
Securities - available for sale	518,078	527,438
Securities - equity investments	3,132	2,990
Loans, net of allowance for credit losses of $10,896 and $9,468 at December 31, 2023 and 2022, respectively	1,004,277	905,035
Cash surrender value of life insurance	31,506	30,218
Bank premises and equipment, net	15,865	15,300
Goodwill and other intangible assets, net	3,473	3,558
Deferred tax asset	13,247	17,134
Interest receivable and other assets	36,276	37,040
	$1,842,422	$1,968,346
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$1,650,534	$1,814,297
Interest payable and other liabilities	25,796	27,423
Total liabilities	1,676,330	1,841,720
Commitments and contingent liabilities (Note 13)
Shareholders’ equity
Common stock, no par value; 50,000,000 shares authorized, 8,293,168 and 8,257,894 shares issued and outstanding at December 31, 2023 and 2022, respectively	25,435	25,435
Additional paid-in capital	5,512	5,190
Retained earnings	154,301	126,728
Accumulated other comprehensive loss, net of tax	(19,156)	(30,727)
Total shareholders’ equity	166,092	126,626
	$1,842,422	$1,968,346

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.