Oak Valley Bancorp (OVLY) 10-Year Financial Performance & Capital Metrics

OVLY • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutOak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. It also offers commercial real estate loans, commercial business lending and trade finance, and small business administration lending, as well as consumer loans consisting of automobile loans, home mortgage loans, revolving lines of credit, and other personal loans. In addition, the company provides online banking, remote deposit capture, mobile banking, merchant, night depository, extended hours, wire transfer of funds, and note collection services, as well as automated teller machines. As of December 31, 2021, it operated through seventeen full-service branch offices in Oakdale, Sonora, Bridgeport, Bishop, Mammoth Lakes, Modesto, Manteca, Patterson, Turlock, Tracy, Ripon, Stockton, Escalon, California, and Sacramento. The company was incorporated in 1990 and is headquartered in Oakdale, California.Show more

Net Interest Income $70M -7.6%
Total Revenue $89M +2.5%
Net Income $25M -19.1%
Return on Equity 14.28% -32.3%
Net Interest Margin 3.68% -10.4%
Efficiency Ratio 51.44% +9.1%
ROA 1.33% -17.7%
Equity / Assets 9.65% +7.1%
Book Value per Share 22.21 +10.1%
Tangible BV/Share 22.21 +12.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 3.7%
✓Efficient operations: 51.4% efficiency ratio
✓11 consecutive years of dividend growth
✓Good 3Y average ROE of 17.5%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.66%

5Y13.42%

3Y17.43%

TTM-

Profit (Net Income) CAGR

10Y13.36%

5Y14.84%

3Y15.16%

TTM-31.9%

EPS CAGR

10Y13%

5Y14.42%

3Y14.73%

TTM-5%

ROCE

10Y Avg16.66%

5Y Avg18.83%

3Y Avg21.2%

Latest16.23%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	25.41M	31.52M	34.18M	38.57M	41.03M	44.96M	48.84M	60.08M	75.8M	70.03M
NII Growth %	0%	0.24%	0.08%	0.13%	0.06%	0.1%	0.09%	0.23%	0.26%	-0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	26.02M	32.29M	35.24M	40.17M	42.6M	46.11M	49.81M	61.2M	80.67M	82.89M
Interest Expense	615K	764K	1.06M	1.61M	1.57M	1.15M	971K	1.12M	4.86M	12.86M
Loan Loss Provision	-125K	484K	350K	555K	545K	2.17M	-635K	-1.35M	970K	-1.62M
Non-Interest Income+	4.11M	4.41M	5.98M	4.71M	5.05M	4.82M	5.43M	5.57M	6.63M	6.55M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	30.13M	36.7M	41.22M	44.89M	47.65M	50.92M	55.23M	66.77M	87.3M	89.45M
Revenue Growth %	0.01%	0.22%	0.12%	0.09%	0.06%	0.07%	0.08%	0.21%	0.31%	0.02%
Non-Interest Expense	22.68M	24.32M	24.57M	27.38M	28.85M	29.86M	33.22M	37.31M	41.16M	46.02M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.96M	11.14M	15.24M	15.35M	16.69M	17.74M	21.68M	29.69M	40.31M	32.19M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.35%	0.6%	0.37%	0.01%	0.09%	0.06%	0.22%	0.37%	0.36%	-0.2%
Pretax Income+	6.96M	11.14M	15.24M	15.35M	16.69M	17.74M	21.68M	29.69M	40.31M	32.19M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.05M	3.47M	6.15M	3.81M	4.2M	4.06M	5.34M	6.79M	9.46M	7.24M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.91M	7.67M	9.09M	11.54M	12.49M	13.69M	16.34M	22.9M	30.85M	24.95M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.31%	0.56%	0.19%	0.27%	0.08%	0.1%	0.19%	0.4%	0.35%	-0.19%
Net Income (Continuing)	4.91M	7.67M	9.09M	11.54M	12.49M	13.69M	16.34M	22.9M	30.85M	24.95M
EPS (Diluted)+	0.61	0.95	1.13	1.42	1.54	1.68	2.00	2.79	3.75	3.02
EPS Growth %	-0.31%	0.56%	0.19%	0.26%	0.08%	0.09%	0.19%	0.4%	0.34%	-0.19%
EPS (Basic)	0.61	0.95	1.13	1.43	1.54	1.68	2.01	2.80	3.76	3.04
Diluted Shares Outstanding	8.04M	8.08M	8.05M	8.1M	8.12M	8.14M	8.18M	8.21M	8.23M	8.26M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	174.78M	179.03M	142.97M	116.42M	133.81M	193.57M	735.33M	415.8M	180.07M	138.48M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	662.33M	761.76M	835.62M	917.51M	939.55M	1.22B	1.12B	1.45B	1.54B	1.64B
Investments Growth %	0.17%	0.15%	0.1%	0.1%	0.02%	0.3%	-0.09%	0.3%	0.06%	0.06%
Long-Term Investments	530.78M	601.43M	656.37M	710.8M	749.46M	1.01B	855.6M	922.61M	1.02B	1.56B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	3.31M	3.31M	3.31M	0	0	3.31M	0	0	3.31M	0
Intangible Assets	1.03M	872K	743K	3.94M	3.84M	427K	0	0	160K	0
PP&E (Net)	14.28M	13.69M	14.48M	14.94M	19.54M	20.36M	21.96M	23.05M	22.72M	22.98M
Other Assets	35.35M	34.79M	29.11M	33.1M	43.18M	63.17M	77.9M	49.28M	75.36M	76.09M
Total Current Assets	309.49M	343.28M	328.2M	326.89M	328.66M	417.49M	1B	952.71M	706.53M	222.11M
Total Non-Current Assets	587.54M	658.83M	706.65M	766.85M	819.13M	1.09B	961.23M	1.02B	1.14B	1.68B
Total Assets+	897.04M	1B	1.03B	1.09B	1.15B	1.51B	1.96B	1.97B	1.84B	1.9B
Asset Growth %	0.2%	0.12%	0.03%	0.06%	0.05%	0.32%	0.3%	0%	-0.06%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%
Accounts Payable	4.08M	5.57M	5.2M	9.35M	15.29M	13.97M	14.9M	27.42M	0	0
Total Debt+	0	0	0	0	0	0	0	0	0	0
Net Debt	-174.78M	-179.03M	-142.97M	-116.42M	-133.81M	-193.57M	-735.33M	-415.8M	-180.07M	-138.48M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	0	25.8M	21.48M
Total Current Liabilities	818.77M	919.66M	944.09M	995.85M	1.04B	1.38B	1.82B	1.84B	1.65B	1.7B
Total Non-Current Liabilities	0	0	0	0	0	0	0	0	25.8M	21.48M
Total Liabilities	818.77M	919.66M	944.09M	995.85M	1.04B	1.38B	1.82B	1.84B	1.68B	1.72B
Total Equity+	78.26M	82.45M	90.77M	99.04M	112.57M	129.69M	142.61M	126.63M	166.09M	183.44M
Equity Growth %	0.04%	0.05%	0.1%	0.09%	0.14%	0.15%	0.1%	-0.11%	0.31%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.1%	0.11%	0.12%	0.12%	0.11%	0.12%	0.17%	0.21%	0.14%
Book Value per Share	9.74	10.20	11.28	12.23	13.87	15.93	17.44	15.43	20.18	22.21
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	24.68M	24.68M	24.77M	25.43M	25.43M	25.43M	25.43M	25.43M	25.43M	25.43M
Additional Paid-in Capital	3.22M	3.47M	3.58M	3.36M	3.78M	4.22M	4.69M	5.19M	5.51M	6.2M
Retained Earnings	48.8M	54.52M	61.43M	70.69M	80.96M	92.35M	106.3M	126.73M	154.3M	175.5M
Accumulated OCI	1.57M	-225K	989K	-435K	2.4M	7.69M	6.19M	-30.73M	-19.16M	-23.7M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.31M	9.91M	9.4M	14.44M	17.21M	19.24M	11.19M	22.81M	33.06M	25.64M
Operating CF Growth %	-0.42%	1.3%	-0.05%	0.54%	0.19%	0.12%	-0.42%	1.04%	0.45%	-0.22%
Net Income	4.91M	7.67M	9.09M	11.54M	12.49M	13.69M	16.34M	22.9M	30.85M	24.95M
Depreciation & Amortization	1.21M	1.25M	1.12M	1.19M	1.09M	1.2M	1.14M	1.15M	1.1M	1.09M
Deferred Taxes	35K	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-674K	490K	-38K	889K	704K	1.98M	-999K	-296K	1.14M	-1.87M
Working Capital Changes	-1.43M	243K	-884K	396K	2.38M	1.82M	-5.88M	-1.57M	-556K	623K
Cash from Investing+	-30.33M	-107.16M	-73.89M	-82.97M	-26.86M	-285.65M	103.76M	-376.18M	-79.5M	-114.7M
Purchase of Investments	-42.69M	-53.95M	-50.88M	-53.19M	-26.87M	-70.33M	-80.46M	-360.16M	-41.13M	-108.36M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	23.47M	0	0	0	0	0	0	0	0	0
Other Investing	-41.62M	-74.31M	-51.02M	-49.17M	-44.57M	-262.11M	148.99M	-55.38M	-101.93M	-93.1M
Cash from Financing+	72.34M	97.46M	22.86M	45.5M	31.1M	345.47M	436.66M	4.74M	-166.62M	41.25M
Dividends Paid	-1.7M	-1.94M	-2.02M	-2.12M	-2.21M	-2.3M	-2.39M	-2.47M	-2.65M	-3.75M
Share Repurchases	0	0	0	0	0	-110K	0	-121K	-211K	-158K
Stock Issued	0	0	91K	7K	0	110K	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	74.03M	99.4M	24.79M	47.61M	33.31M	347.88M	439.05M	7.33M	-163.76M	45.16M
Net Change in Cash+	46.31M	207K	-41.64M	-23.03M	21.45M	79.06M	551.61M	-348.63M	-213.06M	-47.82M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	144.29M	190.6M	190.81M	149.17M	126.14M	147.59M	226.66M	778.27M	429.63M	216.57M
Cash at End	190.6M	190.81M	149.17M	126.14M	147.59M	226.66M	778.27M	429.63M	216.57M	168.75M
Interest Paid	618K	756K	1.06M	1.61M	1.56M	1.15M	971K	1.12M	4.71M	12.75M
Income Taxes Paid	4.15M	2.33M	5.92M	4.14M	3.87M	4.34M	5.72M	3.91M	10.45M	6.38M
Free Cash Flow+	2.89M	9.24M	7.21M	12.79M	15.83M	17.5M	10.21M	21.62M	31.16M	23.86M
FCF Growth %	-0.51%	2.19%	-0.22%	0.78%	0.24%	0.11%	-0.42%	1.12%	0.44%	-0.23%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.4%	9.54%	10.5%	12.16%	11.8%	11.3%	12%	17.01%	21.08%	14.28%
Return on Assets (ROA)	0.6%	0.81%	0.89%	1.08%	1.11%	1.03%	0.94%	1.16%	1.62%	1.33%
Net Interest Margin	2.83%	3.15%	3.3%	3.52%	3.58%	2.97%	2.49%	3.05%	4.11%	3.68%
Efficiency Ratio	75.26%	66.25%	59.59%	60.99%	60.54%	58.64%	60.14%	55.88%	47.15%	51.44%
Equity / Assets	8.72%	8.23%	8.77%	9.05%	9.81%	8.58%	7.26%	6.43%	9.01%	9.65%
Book Value / Share	9.74	10.2	11.28	12.23	13.87	15.93	17.44	15.43	20.18	22.21
NII Growth	0.46%	24.09%	8.42%	12.84%	6.39%	9.56%	8.63%	23.02%	26.18%	-7.61%
Dividend Payout	34.54%	25.31%	22.23%	18.35%	17.73%	16.8%	14.6%	10.8%	8.58%	15.02%

Frequently Asked Questions

Valuation & Price

Oak Valley Bancorp (OVLY) has a price-to-earnings (P/E) ratio of 10.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Oak Valley Bancorp (OVLY) grew revenue by 2.5% over the past year. Growth has been modest.

Yes, Oak Valley Bancorp (OVLY) is profitable, generating $16.9M in net income for fiscal year 2024 (27.9% net margin).

Dividend & Returns

Yes, Oak Valley Bancorp (OVLY) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.

Oak Valley Bancorp (OVLY) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

Industry Metrics

Oak Valley Bancorp (OVLY) has a net interest margin (NIM) of 3.7%. This indicates healthy earnings from lending activities.

Oak Valley Bancorp (OVLY) has an efficiency ratio of 51.4%. This is excellent, indicating strong cost control.

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