secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001437749-22-017575
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 Q2 net income $4.26M ($0.52 EPS); NIM 2.98%; declares $0.15 dividend
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- Q2 net income $4,258,000 ($0.52 EPS) vs $2,369,000 ($0.29) prior quarter and $3,960,000 ($0.48) year-ago.
- Net interest margin expanded to 2.98% in Q2 from 2.51% prior quarter, driven by loan/investment growth and higher yields.
- Total assets $1.99B, gross loans $907.6M (+$48.9M QoQ), deposits $1.85B (+$53.2M QoQ).
- No provision for loan losses recorded; non-performing assets remained at zero during Q2.
- Board declared $0.15 per share cash dividend, payable Aug 12, 2022 to holders of record Aug 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922017575/0001437749-22-017575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922017575/ovly20220721_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017575

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