Oak Valley Bancorp Q2 FY26 net income falls 8.48% to $5.11 million
OVLY•Balance sheet trends
Total assets slipped 1.1% to $1.98 billion since Dec. 31, while deposits fell 1.6% to $1.76 billion and net loans grew 2%.
Credit losses drop as expenses increase
Provision for credit losses dropped to $21,000 from $245,000, while non-interest expense climbed 13.8% to $14.16 million.
Quarterly net income declines while net interest income rises
Oak Valley Bancorp posted net income of $5.11 million for Q2, down 8.48% year over year; ROAA fell 14 bps to 1.04%.
Net interest income rose 4.35% to $18.94 million, lifting net interest margin 4 bps to 4.15%.
