secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001437749-23-001567
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oak Valley Bancorp Q4 2022 EPS $1.15, net income up 173% YoY; declares $0.16 dividend
--------------------------------------------------------------------------------

- Q4 net income $9.475M ($1.15 diluted EPS) vs $3.466M ($0.42) a year ago; FY net income $22.902M ($2.79 EPS).
- Net interest margin expanded to 4.09% in Q4 from 2.55% a year ago, driven by FOMC rate hikes.
- Recorded a $1.55M reversal of loan loss provisions, reducing allowance to 1.03% of gross loans.
- Board declared a $0.16 per share cash dividend, payable Feb 10, 2023 to holders of record Jan 30, 2023.
- Non-performing assets remained at zero; total assets $1.97B, deposits $1.81B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774923001567/0001437749-23-001567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774923001567/ovly20230120_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001567

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer