Oak Valley Bancorp reported consolidated net income of $5,588,000, or $0.67 per diluted share, for the three months ended June 30, 2025. This represents an increase from $5,297,000, or $0.64 EPS, in the prior quarter, driven by loan growth and a rise in the yield of the loan portfolio. Year-to-date net income was $10,885,000, or $1.31 EPS, compared to $11,616,000, or $1.41 EPS, for the same period in 2024.
Net interest income for the second quarter of 2025 was $18,154,000, an increase over prior periods due to higher average earning asset balances and upward trending loan yields. Gross loans grew by $18,903,000 during the quarter. The net interest margin remained stable at 4.11% for the quarter, consistent with the same period last year, and the cost of funds declined to 0.77%.
The company maintained exceptional asset quality, with non-performing assets remaining at zero as of June 30, 2025, and no provision for credit losses recorded during the quarter. The Board of Directors declared a cash dividend of $0.30 per share of common stock, payable on August 8, 2025, to shareholders of record on July 28, 2025.
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