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Oak Valley Community Bank Appoints Joel Burns as Vice President
Oak Valley Community Bank announces that Joel Burns has joined the Bank as Vice President, Commercial Banking Officer. Based at the Bank's Lodi Branch, located at 31 South School Street, Burns will serve commercial and agricultural clients throughout the Lodi market.
Net Interest Income for Q1 2026 at $18.824 Million
Net interest income for the three months ended March 31, 2026 was $18,824,000, compared to $19,457,000 in the prior quarter, and $17,807,000 in the same period a year ago. The decrease from the prior quarter is due to lower yields on cash balances, lower average earning assets, a slight increase in the interest rate paid on deposit accounts and two less days of interest accruals, while the year-over-year increase is due to growth in earning assets and loan yields. As a result, net interest margin for the three months ended March 31, 2026 was 4.12%, compared to 4.14% for the prior quarter and 4.09% for the same period last year. "Our balance sheet remains strong and we continue to see stable performance across our core business lines," stated Chris Courtney, CEO. "We remain committed to disciplined growth while maintaining a conservative approach to risk management."
Oak Valley Bancorp CEO Christopher M. Courtney to Retire in 2026
Oak Valley Bancorp announced that Christopher M. Courtney has notified the Boards of his intention to retire as Chief Executive Officer of both entities on June 30, 2026. Courtney joined Oak Valley Community Bank in 1996 and served in several executive leadership roles, including EVP Chief Operating Officer and EVP Chief Credit Officer. He became President in 2004 and Chief Executive Officer in 2013. He will continue to serve on the Boards of Directors. In conjunction with the announcement, the Boards confirmed that Richard A. McCarty, current President and Chief Operating Officer, will assume the role of President and Chief Executive Officer upon Courtney's retirement. McCarty has been with the Bank for over 26 years and has held key leadership roles including Chief Financial Officer, Chief Administrative Officer, and Senior Executive Vice President and Chief Operating Officer. He has served on the Boards of Directors since 2024.
Oak Valley Bancorp announces Q3 EPS of 81 cents, down from 89 cents last year
Reports Q3 revenue $19.2M vs. $17.7M last year. Non-performing assets remained at zero as of September 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses as a percentage of gross loans was 1.03% at September 30, 2025, compared to 1.03% at June 30, 2025 and 1.07% at September 30, 2024. The decrease in the ACL as a percentage of gross loans from last year is partially due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the Current Expected Credit Loss (CECL) model's ACL computation, concluding that the credit loss reserves relative to gross loans remain at acceptable levels, and credit quality remains stable. The Company recorded a reversal of provision for credit losses of $60,000 during the third quarter which was related to a decrease in unfunded loan commitments.
Oak Valley Community Bank names Mulder, Westberg Commercial Banking Officers
Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp, announced the promotions of Greg Mulder to Vice President, Commercial Banking Officer and John Westberg to Assistant Vice President, Commercial Banking Officer. Mulder is based out of the Escalon Office and Westberg is based in Oakdale. Mulder joined the bank nearly 11 years ago and had advanced from Credit Analyst to AVP Commercial Credit Officer prior to this promotion. He's known for managing some of the bank's largest and most complex C&I relationships and consistently reflects the bank's core values through customer service and collaboration. In his new role, Mulder will oversee a significant C&I loan portfolio and continue delivering tailored lending solutions. He is an active member of First Presbyterian Church of Ripon and holds a bachelor's degree in finance and economics from Dordt University. Mulder lives in Ripon with his wife, Janelle, and their two children. He enjoys outdoor activities, running, sports, and traveling with his family. "We're excited for Greg and John to step into their new roles," said Gary Stephens, Executive Vice President, Commercial Banking Group. "Their expertise, leadership, and dedication make them invaluable to our team. We're confident they'll continue to thrive and contribute to the bank's success."
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