secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001437749-23-020509
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oak Valley Bancorp Q2 net income $8.4M ($1.02 EPS), dividend $0.16
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- Net income $8.404M ($1.02 diluted EPS) vs $9.225M ($1.12) prior Q1 and $4.258M ($0.52) year ago.
- Net interest income $19.407M, net interest margin 4.45% vs 2.98% a year ago; deposit cost rose to 0.16%.
- Deposits fell $86.8M from March 31 to $1.68B; loans grew $23.7M to $950.5M; cash & equivalents $301M.
- No non-performing assets; ACL at 0.99% of loans; no provision for credit losses in Q2.
- Board declared $0.16/share dividend, payable Aug 11, 2023 to holders of record July 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774923020509/0001437749-23-020509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774923020509/ovly20230721_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020509

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