财务业绩 - 公司在2024年上半年实现净利润11,616,000美元，较2023年同期下降6,013,000美元[207] - 净利息收入在2024年上半年下降4,417,000美元，主要由于存款利息费用增加[209] - 非利息收入在2024年上半年下降32,000美元[210] - 非利息支出在2024年上半年增加3,326,000美元，主要由于员工人数增加和业务规模扩张带来的相关开支增加[211] - 2024年上半年资产收益率和股东权益收益率分别为1.28%和14.03%，较2023年同期有所下降[213] 资产负债情况 - 总资产从2023年12月31日至2024年6月30日下降1,901,000美元或0.1%，贷款净额增加53,321,000美元或5.3%，投资证券下降25,343,000美元或4.9%，存款下降5,786,000美元或0.4%[212] - 现金及现金等价物从2023年12月31日至2024年6月30日下降36,268,000美元或16.7%[212] 利息收益和成本 - 净利息收入是公司最大的营业收入来源，2024年6月30日止三个月和六个月期间分别为17,292,000美元和34,533,000美元，较2023年同期分别下降2,115,000美元和4,417,000美元[216] - 净利息收益率(净利息收入占平均生息资产的百分比)在2024年6月30日止三个月和六个月期间分别为4.11%和4.10%，而2023年同期分别为4.45%和4.42%[217] - 2022年和2023年FOMC加息以及2024年持续维持高利率水平，对生息资产收益率的重新定价产生了积极影响，部分抵消了资金成本的上升[218] - 生息资产收益率在2024年6月30日止三个月和六个月期间分别上升25和22个基点，相比2023年同期[218] - 存款成本上升导致净利息收益率下降[217,219] - 公司为保持竞争力和维持当前的高流动性水平，已提高了某些账户和存款产品的利率[216] 信贷质量 - 公司未在2024年上半年计提信用损失准备，而2023年同期计提了460,000美元[208] - 不良贷款和其他不良资产余额均为零，资产质量保持良好[264,265,266,267] - 非履约资产保持在0美元的水平，反映了贷款组合的良好信用质量[271] - 信贷损失准备金从2023年12月31日的10,896,000美元增加到2024年6月30日的11,121,000美元，主要由于2024年上半年净贷款回收225,000美元[273] 非利息收入和支出 - 非利息收入中服务费收入、借记卡交易费收入和其他收入有所波动[247,248,249,250,251,252,253] - 非利息支出中工资福利费、数据处理费和其他费用有所增加[257,259,261] - 公司预计非利息支出将随着业务规模扩大而继续增加，但将致力于控制成本[262] 资本和流动性 - 公司的实际资本比率均高于监管要求的最低资本比率[296][298] - 公司资本比率良好，截至2024年6月30日，总资本充足率为15.0%，一级资本充足率为14.2%，普通股一级资本充足率为14.2%，一级资本对平均资产的比率为10.4%，均高于监管要求[300] - 公司流动性充足，截至2024年6月30日，流动资产为4.018亿美元，占总资产的21.8%，管理层预计未来12个月内现金及等价物和其他资金来源将能满足经营、投资和融资需求以及监管流动性要求[307] - 公司可动用的次级流动性来源包括联邦住房贷款银行的贷款额度约3.465亿美元、与两家银行的7000万美元联邦基金额度以及3180万美元的联邦储备银行贴现窗口额度[308] - 公司在正常业务过程中向客户提供各种形式的信贷额度，截至2024年6月30日和2023年12月31日分别为1.638亿美元和1.863亿美元[310] - 公司市场风险敞口自2023年12月31日以来未发生重大变化[312]

OAKDALE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank (OVCB), a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), announced that the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded Modesto Gospel Mission (MGM) with a 2024 AHP grant for two-million dollars. This significant funding will propel MGM's efforts to provide emergency shelter and other vital services to the neediest residents of Modesto. MGM worked collaboratively with OVCB to apply for ...

OAKDALE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank (OVCB), a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded Modesto Gospel Mission (MGM) with a 2024 AHP grant for two-million dollars. This significant funding will propel MGM's efforts to provide emergency shelter and other vital services to the neediest residents of Modesto. MGM worked collaboratively with OVCB to apply for ...

Exhibit 99.1 PRESS RELEASE For Immediate Release | --- | --- | |----------|-----------------------------| | Date: | July 18, 2024 | | Contact: | Chris Courtney/Rick McCarty | | Phone: | (209) 848-2265 | | | www.ovcb.com | OAK VALLEY BANCORP REPORTS 2nd QUARTER RESULTS AND ANNOUNCES CASH DIVIDEND OAKDALE, CA – Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated fina ...

OAKDALE, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2024, consolidated net income was $5,889,000, or $0.71 per diluted share (EPS), as compared to $5,727,000, or $0.69 EPS, for the prior quarter and $8,404,000, or $1.02 EPS, for the same period a year ago. Conso ...

OAKDALE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank (the "Bank") and their Eastern Sierra Community Bank division, announced the retirement of Ronald C. Martin from the Bank and Company's Boards of Directors, effective June 30, 2024. Martin joined Oak Valley Community Bank as President and Chief Executive Officer in 1992, shortly after its formation. In 2004, Martin passed the role of President to current ...

OAKDALE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank (the "Bank") and their Eastern Sierra Community Bank division, announced the retirement of Ronald C. Martin from the Bank and Company's Boards of Directors, effective June 30, 2024. Martin joined Oak Valley Community Bank as President and Chief Executive Officer in 1992, shortly after its formation. In 2004, Martin passed the role of President to current ...

OAKDALE, Calif, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Melissa Loeb has joined the bank as Vice President, Branch Manager of the Roseville Office, located at 1478 Stone Point Drive. Loeb joins Oak Valley with over 20 years of banking experience, the past twelve as a Branch Manager in Northern California. In her role, she will oversee branch operations and focus on business development opportunities. “We are ...

OAKDALE, Calif, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Melissa Loeb has joined the bank as Vice President, Branch Manager of the Roseville Office, located at 1478 Stone Point Drive. Loeb joins Oak Valley with over 20 years of banking experience, the past twelve as a Branch Manager in Northern California. In her role, she will oversee branch operations and focus on business development opportunities. “We are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34142 OAK VALLEY BANCORP (Exact name of registrant as specified in its charter) California 26-2326676 State or other jurisdict ...