Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 125 N 3rd Ave OAKDALE CA 95361-3039 |
Tel: | 1-209-8447578 |
Website: | https://investors.ovcb.com/corporate-profile/default.aspx |
IR: | See website |
Key People | ||
Richard A. Mccarty President, Chief Operating Officer | Christopher M. Courtney Chief Executive Officer, Director | Jeffrey A. Gall Chief Financial Officer, Senior Vice President, Company Secretary |
Russell E. Stahl Executive Vice President, Chief Information Officer | Julie N. Dehart Executive Vice President - Retail Banking Group | Cathy Ghan Executive Vice President - Commercial Real Estate Group |
Janis L. Powers Executive Vice President - Risk Management | Michael J. Rodrigues Executive Vice President, Chief Credit Officer | Gary W. Stephens Executive Vice President - Commercial Banking Group |
Business Overview |
Oak Valley Bancorp. is a bank holding company of Oak Valley Community Bank (the Bank). The Bank offers a range of commercial banking services designed for both individuals and small to medium-sized businesses in the two areas, such as the Central Valley and the Eastern Sierras. The Bank offers a complement of business checking and savings accounts for its business customers. The Bank also offers commercial and real estate loans, as well as lines of credit. It offers other services for both individuals and businesses, including online banking, remote deposit capture, mobile banking, merchant services, night depository, extended hours, wire transfer of funds, note collection, and automated teller machines in a national network. It offers a variety of accounts for depositors, which are designed to attract both short-term and long-term deposits. These accounts include certificates of deposit, regular savings accounts, money market accounts, checking accounts, and savings accounts. |
Financial Overview |
For the three months ended 31 March 2024, Oak Valley Bancorp interest income decreased 14% to $17.2M. Net interest income after loan loss provision decreased 14% to $17.2M. Net income decreased 38% to $5.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. |
Employees: | 198 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $77.91M as of Mar 31, 2024 |
EBITDA (TTM): | $29.39M as of Mar 31, 2024 |
Net annual income (TTM): | $27.35M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 8,359,556 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |