Business News • MarketWire • Oak Valley Bancorp Reports 2nd Quarter Results |
Oak Valley Bancorp Reports 2nd Quarter Results |
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Oak Valley Bancorp Reports 2nd Quarter Results
OAKDALE, CA--(Marketwire - July 21, 2010) - Oak Valley Bancorp (NASDAQ: OVLY), the bank
holding company for Oak Valley Community Bank and Eastern Sierra Community
Bank, recently reported financial results. For the three months ended June
30, 2010, the Bank reported net income of $1,039,000. After adjustment for
preferred stock dividends and accretion this represents net income
available to common shareholders of $828,000, or $0.11 per diluted common
share. Year-to-date results for the six months ended June 30, 2010, were
net income of $1,987,000 and net income available to common shareholders of
$1,566,000. This compares to year-to-date results for the six months ended
June 30, 2009, which were net income of $385,000 and a net loss of $36,000
to common shareholders.
View More : http://www.marketwire.com/mw/release.do?id=1293964&sourceType=3
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