secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001437749-22-009569
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oak Valley Bancorp Q1 net income $2.37M ($0.29 EPS), down 46% YoY from $0.53 EPS
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- Net income $2.37M ($0.29 diluted EPS) vs $4.36M ($0.53) a year ago; sequential decline from $3.47M ($0.42).
- Net interest margin compressed to 2.51% from 3.43% YoY; PPP loan fee income fell to $487K from $2.59M.
- Total assets $1.95B, deposits $1.80B; non-performing assets remain at zero.
- No provision for loan losses in Q1; allowance for loan losses at 1.25% of gross loans.
- Loan growth ex-PPP of $47.2M and investment portfolio growth of $133.5M over 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922009569/0001437749-22-009569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922009569/ovly20220421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009569

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