Oak Valley Bancorp reported Q1 2026 net income of $5.3M ($0.64 EPS), down from prior quarter but flat year-over-year, with net interest margin of 4.12%.
Key takeaways
Net income decreased 16.2% from prior quarter due to higher expenses and lower net interest income.
Net interest margin narrowed to 4.12% from 4.14% in Q4 2025, driven by lower cash yields and higher deposit costs.
Non-interest income rose to $1.95M, boosted by a $181K special dividend from FHLB.
Non-interest expense increased 10.1% sequentially, mainly from staffing and operating costs for portfolio growth.
Credit quality remains stable with non-performing assets at 0.23% of total assets and ACL ratio of 1.13%.
Total assets declined $12.8M from year-end 2025, while gross loans grew modestly by $3.5M.