Oak Valley Bancorp Reports 1st Quarter Results
· oak valley community bank
AI Briefing
- Net income for the first quarter was $5,309,000, down from $6,335,000 and $5,297,000 in the prior quarter and year-ago quarter, respectively. Net interest income decreased to $18,824,000 from $19,457,000 and $17,807,000, due to lower yields and average earning assets. Net interest margin fell to 4.12% from 4.14% and 4.09%.
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