Revenue: As of FY2025, the actual value is USD 95.04 M.EPS: As of FY2025, the actual value is USD 2.88.EBIT: As of FY2025, the actual value is USD 43.96 M.<h4>Operational Metrics</h4>Oak Valley Bancorp’s net income was $23,913,000 in 2025, decreasing from $24,948,000 in 2024. This decrease was primarily attributed to increased non-interest expenses and a credit loss provision in 2025, contrasting with a reversal in 2024, though partially offset by higher net interest income.Return on average assets declined to 1.23% in 2025 from 1.35% in 2024. The return on average common equity was 12.60% in 2025, down from 14.39% in 2024. The efficiency ratio increased to 59.68% in 2025 from 58.2% in 2024.Net interest income increased by $4,581,000, or 6.5%, to $74,615,000 in 2025 from $70,034,000 in 2024, mainly due to earning asset growth. On a fully tax equivalent (FTE) basis, net interest income rose by $4,556,000, or 6.3%, to $76,620,000 in 2025, compared to $72,064,000 in 2024. The net interest margin was 4.13% in 2025, an increase from 4.07% in 2024, and the net interest spread also increased to 3.68% from 3.60% in the same period. The cost of funds on interest-bearing liabilities decreased to 1.16% in 2025 from 1.20% in 2024.Total noninterest income increased by 8.5% to $7,114,000 in 2025 from $6,555,000 in 2024, primarily due to positive changes in the fair value of equity securities and death benefit gains from bank-owned life insurance policies. Total noninterest expense increased by $4,257,000, or 9.3%, to $50,274,000 in 2025 from $46,017,000 in 2024, mainly driven by staffing increases and general operating costs.The provision for income taxes decreased by $0.5 million to $6,737,000 in 2025, compared to $7,244,000 in 2024, due to lower pre-tax income. The effective income tax rate was 22.0% in 2025, down from 22.5% in 2024.<h4>Asset and Liability Metrics</h4>Total assets increased by $122,512,000, or 6.4%, to $2,023,116,000 at December 31, 2025, from $1,900,604,000 at December 31, 2024. Total deposits increased by $97,272,000, or 5.7%, to $1,792,962,000 at December 31, 2025, from $1,695,690,000 at December 31, 2024. Core deposits increased by $91,006,000, or 5.5%, to $1,745,706,000 at December 31, 2025.Total gross loans increased by $37,395,000, or 3.4%, to $1,143,930,000 at December 31, 2025, from $1,106,535,000 at December 31, 2024. Net loans increased by $36,092,000 at December 31, 2025, compared to December 31, 2024. The gross loan-to-deposit ratio was 63.80% in 2025, a decrease from 65.26% in 2024.Available-for-sale investment securities holdings increased by $17,036,000, or 3.2%, to $543,532,000 at December 31, 2025, compared to $526,496,000 at December 31, 2024. Total investment securities as a percentage of total assets decreased to 27.0% in 2025 from 27.9% in 2024. Cash and cash equivalents increased by $63,428,000 for the year ended December 31, 2025. Total shareholders’ equity increased by $24,539,000, or 13.4%, to $207,975,000 at December 31, 2025, from $183,436,000 at December 31, 2024.<h4>Loan Portfolio Performance (by Segment)</h4>Commercial real estate loans increased by $50,508,000, or 5.3%, in 2025, constituting 88% of the loan portfolio at December 31, 2025, up from 87% in 2024. The aggregate loan-to-value of the entire commercial real estate portfolio was 44.9% at December 31, 2025. Non-owner occupied commercial real estate made up 69.9% of total CRE commitments with a loan-to-value of 45.6% at December 31, 2025, and CRE Retail was the highest concentration by product type at 29.4% of total CRE loan commitments. Construction and land loans, classified as commercial real estate loans, increased by $30.2 million in 2025 compared to 2024.Commercial and industrial loans decreased by $13,310,000, or 15.9%, in 2025. Consumer loans increased by $527,000, or 1.6%, in 2025. Agriculture loans decreased by $330,000, or 1.1%, in 2025.<h4>Credit Quality Metrics</h4>A provision for credit losses of $805,000 was recorded in 2025, primarily due to loan growth and a specific reserve for one collateral dependent loan, contrasting with a reversal of credit loss provisions totaling $1,620,000 in 2024. The Allowance for Credit Losses (ACL) increased to $12,381,000 at December 31, 2025, from $11,460,000 at December 31, 2024, and as a percentage of total loans, the ACL increased to 1.08% in 2025 from 1.04% in 2024.Net loan charge-offs were $65,000 in 2025, compared to net loan recoveries of $2,184,000 in 2024. Oak Valley Bancorp had one nonperforming loan, a non-owner occupied commercial real estate loan with a balance of $4,587,000, at December 31, 2025, whereas there were no nonperforming loans at December 31, 2024. Nonperforming loans as a percentage of total loans was 0.40% at December 31, 2025, up from 0.00% at December 31, 2024. The allowance for loan losses as a percentage of nonperforming loans was 269.91% at December 31, 2025.<h4>Unique Metrics</h4>The cash surrender value of life insurance (BOLI) was $36,899,000 at December 31, 2025, compared to $37,558,000 at December 31, 2024, with earnings on BOLI increasing by $145,000 in 2025 compared to 2024. Unfunded commitments for Low-Income Housing Tax Credit Funds (LIHTC) were $4,598,000 at December 31, 2025, down from $5,664,000 at December 31, 2024, while the balance of LIHTCs increased to $14,840,000 from $11,354,000 in the same period. The value of the Small Business Private Equity Partnership was $1,099,000 at December 31, 2025, compared to $1,063,000 at December 31, 2024, with no remaining undisbursed commitments. FHLB Stock was $6,307,000 at December 31, 2025, compared to $5,531,000 at December 31, 2024, and Federal Reserve Bank Stock was $754,000 at December 31, 2025, compared to $755,000 at December 31, 2024.<h4>Outlook / Guidance</h4>For 2026, Oak Valley Bancorp intends to maintain its focus on relationship-based expansion and growth in its loan and deposit portfolios to address net interest margin pressures and manage expenses and credit losses. The company foresees a slight decrease in the Fed Funds rate, potentially impacting net interest income and net interest margin negatively due to its asset-sensitive balance sheet, while deposit interest rates are expected to remain stable. An upward trend in earning asset yield is anticipated to persist into 2026, driven by the ongoing repricing of existing loans.

Oak Valley Bancorp | 10-K: FY2025 Revenue: USD 95.04 M