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Sep 30, 2021
Oak Valley Q3 2021 Earnings Report
Oak Valley Bancorp reported third quarter results with increased net income compared to the prior quarter and the same period last year.
Key Takeaways
Oak Valley Bancorp reported a net income of $4,554,000, or $0.56 per diluted share, for the three months ended September 30, 2021. This represents an increase compared to the prior quarter and the same period in 2020. The increase was partially due to increased Paycheck Protection Program (PPP) loan interest and fees.
Net income for Q3 2021 was $4,554,000, or $0.56 per diluted share.
Net interest income for Q3 2021 was $13,296,000.
Total assets reached $1.86 billion as of September 30, 2021.
Non-performing assets were reduced to zero as of September 30, 2021.
Forward Guidance
The Company recently announced it has received regulatory approval to open a new office in Roseville, which is slated for the first quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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