Oak Valley Bancorp (NASDAQ: OVLY), Friday reported first-quarter consolidated net income available to common shareholders of $1.29 million or $0.17 per share, compared to $955 thousand or $0.12 per share in the same period a year ago.
Oak Valley, the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, said net interest income increased about 1 percent to $6.3 million from $6.2 million last year. Net interest margin dropped to 4.67 percent from 4.92 percent last year.
Provisions for loan losses was slashed down to $300 thousand from $600 thousand last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.