{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-010805","form_type":"8-K","ticker":"OVLY","cik":"0001431567","company_name":"Oak Valley Bancorp","filed_at":"2023-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.844111+00:00","generated_at":"2026-06-16T21:14:42.213246+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Oak Valley Bancorp Q1 net income $9.2M ($1.12 EPS), down 2.6% from Q4 but up 289% YoY","bullets":["Net interest income rose to $19.5M from $19.1M in Q4 and $11.0M a year ago; NIM expanded to 4.39%.","Gross loans increased $11.1M sequentially to $926.8M; deposits declined $45.1M to $1.77B.","Loan-loss provision reversed $460K in Q1 due to improved credit metrics; NPAs remained at zero.","Cash equivalents totaled $389M; management cites strong liquidity despite recent banking industry events.","Non-interest expense rose to $9.76M from $9.61M in Q4, driven by staffing and new Roseville branch costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-010805","json":"https://secwatch.observer/filing/0001437749-23-010805.json","markdown":"https://secwatch.observer/filing/0001437749-23-010805.md","text":"https://secwatch.observer/filing/0001437749-23-010805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/0001437749-23-010805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/ovly20230421_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:14:42.213246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bd788a29aaf753c979efb224ef411049318a043","claim":"Oak Valley Bancorp reported the quarter ended March 31, 2023 results: net income $9,225,000, EPS $1.12.","evidence_excerpt":"For the three months ended March 31, 2023, consolidated net income was $9,225,000, or $1.12 per diluted share (EPS).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/0001437749-23-010805-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$9,225,000"},{"label":"EPS","value":"$1.12"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}