---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031568"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:19:59.733131+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oak Valley Bancorp Q3 net income $7.32M ($0.89 EPS), up sequentially; net interest margin narrows to 4.04%

## Summary
- Net income $7.32M ($0.89 diluted EPS) vs $5.89M ($0.71) prior quarter and $7.35M ($0.89) Q3 2023.
- Net interest margin 4.04% vs 4.11% prior quarter and 4.34% a year ago; average cost of funds rose to 0.83% from 0.33%.
- Loan recoveries of $2.0M from two recession-era loans led to $1.62M reversal of provision for credit losses.
- Gross loans $1.08B, up $103.9M YoY; deposits $1.69B, up $23.8M YoY; non-performing assets remained at zero.
- YTD net income $18.94M ($2.30 EPS) compared to $24.98M ($3.04 EPS) same period last year.

## SEC filing metadata
- accession: 0001437749-24-031568
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774924031568/0001437749-24-031568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774924031568/ovly20241018_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031568
- JSON: https://secwatch.observer/filing/0001437749-24-031568.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031568.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.