H. Randolph Holder to Join Oak Valley Bancorp and Oak Valley Community Bank Board of Directors
Aug 27 15
Oak Valley Bancorp. announced upon completion of the transaction, Mother Lode Bank will merge with and into Oak Valley Bancorp. H. Randolph Holder, a current director of Mother Lode Bank, is expected to join the Board of Directors for Oak Valley Bancorp and Oak Valley Community Bank upon closing.
Oak Valley Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
Oak Valley Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the three months ended June 30, 2015, consolidated net income available to common shareholders was $1,510,000, or $0.19 per diluted common share. This compared to consolidated net income of $1,526,000, or $0.19 per diluted common share, for the prior quarter and $2,537,000, or $0.32 per diluted common share for the same period a year ago. Net interest income was $6,200,000 for the three months ended June 30, 2015, consistent with $6,201,000 for the prior quarter and $6,175,000 for the same period last year. The increase in loan volume, referenced above, has been offset with continued margin compression. Return on average equity was 7.94% against 14.53% a year ago. Return on average assets was 0.81% against 1.50% a year ago.
For the six months, the company reported net interest income of $12,401,000, Net income before income taxes was $4,417,000, net income of $3,036 million or $0.38 per diluted share against net interest income of $12,279,000, Net income before income taxes was $6,023,000, net income of $3,945 million or $0.50 per diluted share a year ago. Return on average equity was 8.08% against 11.65% a year ago. Return on average assets was 0.81% against 1.17% a year ago. Book value per common share was $9.43 against $8.84 a year ago.
Oak Valley Bancorp Announces Cash Dividend, Payable on July 30, 2015
Jul 22 15
Oak Valley Bancorp announced the payment of a cash dividend of $0.11 per share of common stock to its shareholders of record at the close of business on July 20, 2015. In aggregate, the distribution will amount to approximately $888,000, with a payable date of July 30, 2015.
Oak Valley Bancorp to Report Q2, 2015 Results on Jul 22, 2015
Jul 22 15
Oak Valley Bancorp announced that they will report Q2, 2015 results on Jul 22, 2015
Oak Valley Bancorp Announces Semi-Annual Cash Dividend, Payable on July 30, 2015
Jul 9 15
Oak Valley Bancorp announced that it will pay a semi-annual cash dividend on its common stock of $0.11 per share on July 30 to shareholders of record on July 20. The bank holding company has increased its dividend rate by 10% from the $0.10 per share paid in the first half of 2015.