Oak Valley Bancorp reported its financial results for the second quarter and first half of 2025, revealing a net income of $5.588 million for the three months ending June 30, 2025, a decrease from $5.889 million in the same period of 2024. For the six-month period, net income was $10.885 million, down from $11.616 million year-over-year. The decline in profitability was attributed primarily to increased operating expenses, despite a rise in net interest income, which increased by $862,000 and $1.428 million for the respective periods.
Total assets for Oak Valley Bancorp rose to $1.921 billion as of June 30, 2025, reflecting a 1.1% increase from $1.901 billion at the end of 2024. The bank's net loans increased slightly by $3.035 million, reaching $1.097 billion, while total deposits grew by $15.551 million to $1.711 billion. The increase in deposits was driven by a rise in demand deposits, which increased by 1.5%, while time deposits also saw growth. Cash and cash equivalents rose significantly by 17.8% to $198.860 million, indicating improved liquidity.
In terms of operational metrics, Oak Valley Bancorp maintained a stable credit quality, with no loans classified as non-accrual as of June 30, 2025. The allowance for credit losses decreased slightly to $11.430 million from $11.460 million at the end of 2024, reflecting the bank's effective risk management practices. The bank's capital ratios remained strong, with total capital to risk-weighted assets at 15.7%, well above regulatory minimums.
Looking ahead, Oak Valley Bancorp anticipates continued growth in its business portfolios, although management expects non-interest expenses to rise as the company expands. The bank remains focused on enhancing shareholder value while managing costs effectively. The outlook for the remainder of 2025 suggests a cautious approach to navigating potential economic challenges, including interest rate fluctuations and market conditions, while leveraging its strong capital position and liquidity to support ongoing operations and growth initiatives.
About Oak Valley Bancorp
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