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Mar 31, 2021
Oak Valley Q1 2021 Earnings Report
Oak Valley Bancorp reported first quarter results with a net income of $4,357,000, or $0.53 per diluted share.
Key Takeaways
Oak Valley Bancorp's first quarter net income was $4,357,000, or $0.53 per diluted share. Net interest income increased due to PPP loans and organic loan growth. Total assets reached $1.67 billion, and total deposits were $1.52 billion.
Net income for the first quarter was $4,357,000, or $0.53 per diluted share.
Loan interest and fees on PPP loans totaled $2,590,000.
Net interest income increased to $12,242,000, driven by PPP loans and organic average loan growth.
Total assets increased to $1.67 billion, and gross loans reached $1.03 billion.
Forward Guidance
This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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