secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0001437749-21-024133
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774921024133/0001437749-21-024133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774921024133/ovly20211021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024133

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