Oak Valley Bancorp Q3 2021 net income rises to $4.55M ($0.56 EPS); NPAs zero

Oak Valley Bancorp

2021-Q3 EPS reported $1.57

Q3 net income $4.55M ($0.56 diluted EPS) vs $3.96M ($0.48) prior quarter and $3.75M ($0.46) year ago.
Nine-month net income $12.87M ($1.57 EPS), up 42.4% from $9.04M ($1.11) in 2020.
PPP loan interest and fees $2.68M in Q3, up from $2.20M prior quarter; outstanding PPP loans $67M as of Sep 30.
Non-performing assets reduced to zero; no loan loss provision in Q3 or YTD.
Total assets $1.86B (+$407.7M YoY); deposits $1.70B (+$390M YoY); gross loans $872.1M (-$154.7M YoY).

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