Oak Valley Bancorp: Higher Provisions Are No Reason For Concern
Oak Valley Bancorp reported strong Q1 results, with a notable increase in net interest income despite rising expenses and provisions. The bank's balance sheet remains highly liquid, with a significant portion of deposits held in cash and securities. Although there was an increase in loans past due, the overall financial health of the institution appears stable.
- ▪Oak Valley Bancorp's net interest income rose over 5% in Q1.
- ▪The bank maintains over 40% of its deposits in cash and securities.
- ▪Loans past due increased to $4.8 million, primarily in non-owner-occupied real estate.
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