secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0001437749-22-024504
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oak Valley Bancorp Q3 net income $6.8M ($0.83 EPS), up 49% YoY
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- Net income $6.8M ($0.83 diluted EPS) vs $4.6M ($0.56) in Q3 2021; nine-month net income $13.4M ($1.64 EPS).
- Net interest income $16.8M, up 26% sequentially; net interest margin expanded to 3.61% from 2.98%.
- Total assets $1.96B; gross loans $912M; deposits $1.83B; non-performing assets remained at zero.
- Allowance for loan losses 1.21% of gross loans; $200K provision added during the quarter.
- YTD investment portfolio grew by $315M and loan portfolio by $52M, benefiting from FOMC rate hikes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922024504/0001437749-22-024504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774922024504/ovly20221020_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024504

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