Oak Valley Bancorp (OVLY)

Oak Valley Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	51.31	44.77	38.89	43.77	39.95	34.81
Interest Income on Investments	30.29	35.89	22.31	6.04	6.16	7.79
Total Interest Income	81.6	80.67	61.2	49.81	46.11	42.6
Interest Paid on Deposits	11.5	4.86	1.12	0.97	1.12	1.57
Interest Paid on Borrowings	0	0	-	-	0.03	-
Total Interest Expense	11.5	4.86	1.12	0.97	1.15	1.57
Net Interest Income	70.1	75.8	60.08	48.84	44.96	41.03
Net Interest Income Growth (YoY)	-8.96%	26.18%	23.02%	8.63%	9.56%	6.39%
Mortgage Banking Activities	0.03	0.02	0.07	0.15	0.13	0.09
Gain (Loss) on Sale of Investments	0.11	0.16	-	0.15	0	0.14
Other Non-Interest Income	5.04	4.64	3.9	3.83	3.38	3.2
Total Non-Interest Income	6.88	6.63	5.57	5.43	4.82	5.05
Non-Interest Income Growth (YoY)	9.26%	19.03%	2.67%	12.69%	-4.60%	7.11%
Revenues Before Loan Losses	76.98	82.43	65.65	54.26	49.77	46.08
Provision for Loan Losses	-0.49	0.97	-1.35	-0.64	2.17	0.55
Revenue	77.47	81.46	67	54.9	47.61	45.54
Revenue Growth (YoY)	-8.87%	21.59%	22.04%	15.31%	4.55%	6.58%
Salaries and Employee Benefits	27.75	25.58	22.42	19.63	17.42	16.85
Occupancy Expenses	2.98	3.02	2.86	2.74	2.51	2.4
Federal Deposit Insurance	1.09	1.02	0.93	0.65	0.32	0.27
Selling, General & Administrative	5.11	4.79	4.26	3.93	3.75	3.55
Other Non-Interest Expense	8.29	6.76	6.84	6.27	5.86	5.78
Total Non-Interest Expense	45.23	41.16	37.31	33.22	29.86	28.85
EBT Excluding Unusual Items	32.24	40.31	29.69	21.68	17.74	16.69
Pretax Income	32.24	40.31	29.69	21.68	17.74	16.69
Income Tax Expense	7.44	9.46	6.79	5.34	4.06	4.2
Net Income	24.81	30.85	22.9	16.34	13.69	12.49
Net Income to Common	24.81	30.85	22.9	16.34	13.69	12.49
Net Income Growth	-28.01%	34.70%	40.18%	19.36%	9.59%	8.25%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	0.28%	0.32%	0.32%	0.49%	0.27%	0.20%
EPS (Basic)	3.02	3.76	2.80	2.01	1.68	1.54
EPS (Diluted)	3.01	3.75	2.79	2.00	1.68	1.54
EPS Growth	-28.14%	34.41%	39.50%	19.05%	9.09%	8.45%
Dividend Per Share	0.450	0.385	0.310	0.295	0.285	0.275
Dividend Growth	40.63%	24.19%	5.08%	3.51%	3.64%	3.77%
Effective Tax Rate	23.07%	23.47%	22.86%	24.63%	22.86%	25.17%

Source: S&P Capital IQ. Banks template. Financial Sources.