secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001437749-24-023050
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 net income $5.9M ($0.71 EPS) down 30% YoY; dividend $0.225/share
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- Q2 net income $5.889M ($0.71 EPS), up from $5.727M ($0.69 EPS) prior Q, down from $8.404M ($1.02 EPS) year ago.
- Net interest income $17.292M, margin 4.11% vs 4.09% prior Q; NIM down from 4.45% year ago.
- Total loans $1.07B, up $119.5M YoY; deposits $1.64B, up $32.3M QoQ but down $37.6M YoY.
- No non-performing assets; ACL 1.04% of loans; no provision for credit losses in Q2.
- Declared $0.225/share dividend, payable Aug 9 to holders July 29, totaling ~$1.881M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924023050/0001437749-24-023050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924023050/ovly20240718_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023050

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