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OAKDALE, Calif., July 21, 2021 (GLOBE NEWSWIRE) Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2021, consolidated net income was $3,960,000, or $0.48 per diluted share (EPS), as compared to $4,357,000, or $0.53 EPS, for the prior quarter and $2,581,000, or $0.32 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2021 was $8,316,000, or $1.02 EPS, representing an increase of 57.2% compared to $5,290,000 or $0.65 EPS for the same period of 2020.
The decrease in second quarter net income compared to the prior quarter was partially due to a decrease in loan interest and fees on Paycheck Protection Program (“PPP”) loans. $2,202,000 in PPP loan interest and fee income was recorded during the second quarte
REVEALED: $90 MILLION was paid in Bitcoin ransoms after 99 firms including Guess and Toshiba were targeted by DarkSide hackers who closed the Colonial Pipeline
Blockchain analytics firm Elliptic said DarkSide s Bitcoin wallet received $90 million from 47 Bitcoin payments in the last nine months
Around half of all victims paid the hackers ransom money with t
he average payment being $1.9 million
Of the more than $90 million identified, $15.5 million went to DarkSide’s developer and the remaining $74.7 million went to its affiliates, Elliptic said
Dark web intelligence firm DarkTracer found companies including fashion brand Guess, car giant Toshiba France and ferry company Condor Ferries were victims
Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend
OAKDALE, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division (the “Bank”), recently reported unaudited consolidated financial results. For the three months ended December 31, 2020, consolidated net income was $4,649,000 or $0.57 per diluted share (EPS), as compared to $3,748,000, or $0.46 EPS, for the prior quarter and $3,191,000, or $0.39 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2020, totaled $13,687,000, or $1.68 EPS, representing an increase of 9.6% compared to $12,489,000 or $1.54 EPS for 2019.
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