Oak Valley Bancorp

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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.

FY2024 · Filed Mar 31, 2025

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

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Contents

Statements of income

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except per share amounts)	YEAR ENDED DECEMBER 31,
	2024	2023
INTEREST INCOME
Interest and fees on loans	$53,406	$44,773
Interest on securities	20,693	20,578
Interest on federal funds sold	1,547	1,414
Interest on deposits with banks	7,248	13,901
	82,894	80,666
INTEREST EXPENSE
Deposits	12,860	4,863
Federal funds purchased	0	1
Total interest expense	12,860	4,864
Net interest income	70,034	75,802
(Reversal of) provision for credit losses	(1,620)	970
Net interest income after (reversal of) provision for credit losses	71,654	74,832
NON-INTEREST INCOME
Service charges on deposits	1,682	1,813
Debit card transaction fee income	1,738	1,773
Earnings on cash surrender value of life insurance	1,052	788
Mortgage commissions	31	20
Gains on sales and calls of available-for-sale securities	114	156
Other	1,938	2,081
Total non-interest income	6,555	6,631
NON-INTEREST EXPENSE
Salaries and employee benefits	28,640	26,109
Occupancy expenses	4,610	4,541
Data processing fees	2,814	2,729
Regulatory assessments (FDIC & DFPI)	1,090	1,020
Other operating expenses	8,863	6,758
Total non-interest expense	46,017	41,157
Net income before provision for income taxes	32,192	40,306
Total provision for income taxes	7,244	9,458
Net Income	$24,948	$30,848
Net income per share	$3.04	$3.76
Net income per diluted share	$3.02	$3.75

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.