Oak View Bankshares, Inc. Announces Strong Third Quarter Performance

Core Insights - Oak View Bankshares, Inc. reported a strong third quarter performance with net income of $1.8 million for the quarter ended September 30, 2025, up from $1.5 million in the same quarter of 2024, and a year-to-date net income of $5.2 million compared to $4.6 million for the same period last year [1][2] Financial Performance - Basic and diluted earnings per share for the quarter were $0.52, an increase from $0.50 in the prior year, while for the nine months, earnings per share were $1.56 compared to $1.57 [2] - The net interest margin was 2.89% for the quarter, slightly down from 2.91% in the previous year, while net interest income before provision for credit losses was $5.5 million, up from $4.7 million [5] - Total assets increased to $842.2 million as of September 30, 2025, from $694.4 million at the end of 2024, marking an increase of $147.7 million [4] Asset and Loan Growth - Total loans rose to $341.8 million from $321.0 million, an increase of $20.8 million [4] - Total deposits increased to $707.2 million from $588.8 million, reflecting a growth of $118.4 million [4] Noninterest Income and Expenses - Noninterest income for the quarter was $0.4 million, down from $0.5 million in the same quarter of 2024, while for the nine months, it was $1.5 million compared to $1.6 million [7] - Noninterest expenses increased to $3.6 million for the quarter from $3.2 million in the previous year, and for the nine months, it rose to $10.5 million from $9.0 million [7][9] Regulatory Capital and Asset Quality - Regulatory capital ratios remain strong, exceeding "well capitalized" thresholds in all categories, with shareholders' equity at $52.3 million as of September 30, 2025, compared to $38.3 million at the end of 2024 [4][14] - The allowance for credit losses was $3.2 million, representing 0.94% of total loans outstanding, consistent with the previous year [12] Liquidity Position - Liquidity remains robust with $546.5 million in liquid assets as of September 30, 2025, compared to $505.3 million at the end of 2024 [10]