Oak Valley Community Bank Statement of Condition (unaudited) For the Three Months Ended 9/30/2006 6/30/2006 3/31/2006 12/31/2005 9/30/2005 Profitability ($ in thousands, except per share) Selected Quarterly Operating Data: Net interest income $ 4,419 $ 4,231 $ 4,168 $ 4,152 $ 3,988 Provision for loan losses 140 220 185 200 170 Non-interest income 432 412 340 353 352 Non-interest expense 3,081 3,052 2,951 2,544 2,338 Income before income taxes 1,629 1,372 1,371 1,762 1,832 Provision for income taxes 632 532 532 684 709 Net income 997 840 839 1,078 1,124 Earnings per common share - basic (1) 0.14 0.12 0.12 0.15 0.16 Earnings per common share - diluted (1) 0.14 0.11 0.11 0.15 0.15 Dividends declared per common share(2) 0.190 - - - 0.250 Return on average common equity 11.91% 10.31% 10.71% 13.91% 14.70% Return on average assets 0.93% 0.83% 0.88% 1.19% 1.31% Net interest margin 4.44% 4.57% 4.67% 4.91% 4.96% Efficiency Ratio 63.52% 65.72% 65.47% 56.46% 53.86% Capital - Period End Tier 1 risk-based capital ratio(3) 8.68% 9.22% 9.10% 9.36% 9.86% Book value per share (1) 4.66 4.65 4.51 4.44 4.31 Credit Quality- Period End Nonperforming assets/assets 0.01% 0.01% 0.00% 0.00% 0.00% Loan loss reserve/loans(4) 1.18% 1.22% 1.17% 1.18% 1.22% Period End Balance Sheet ($ in thousands) Total assets $ 428,670 $ 409,103 $ 402,080 $ 382,122 $ 350,801 Gross Loans 363,807 341,652 337,016 318,108 292,403 Nonperforming assets 22 25 - - - Allowance for credit losses(4) 4,296 4,157 3,938 3,757 3,558 Deposits 371,950 365,003 353,376 329,080 284,391 Common Equity 33,025 32,931 31,815 31,038 30,106 Non-Financial Data Full-time equivalent staff 110 108 108 101 91 Number of banking offices, domestic 12 12 12 11 9 and foreign Common Shares outstanding Period end (1) 7,094,244 7,079,326 7,046,732 6,988,224 6,986,874 Period average - basic (1) 7,090,707 7,059,219 7,004,325 6,987,549 6,954,491 Period average - diluted (1) 7,375,174 7,357,295 7,349,790 7,361,137 7,310,637 Market Ratios Stock Price (1) 14.40 13.50 14.95 15.67 12.67 Price/Earnings 25.80 28.30 30.76 25.60 19.76 Price/Book 3.09 2.90 3.31 3.53 2.94 YEAR TO DATE --------------------- 9/30/2006 9/30/2005 Profitability ($ in thousands, except per share) Selected Quarterly Operating Data: Net interest income $ 12,818 $ 11,011 Provision for loan losses 545 505 Non-interest income 1,183 993 Non-interest expense 9,084 6,832 Income before income taxes 4,372 4,667 Provision for income taxes 1,696 1,811 Net income 2,676 2,857 Earnings per common share - basic (1) 0.38 0.41 Earnings per common share - diluted(1) 0.36 0.39 Dividends declared per common share (2) 0.190 0.250 Return on average common equity 11.11% 12.92% Return on average assets 0.90% 1.15% Net interest margin 4.53% 4.74% Efficiency Ratio 64.88% 56.91% Capital - Period End Tier 1 risk-based capital ratio(3) 8.68% 9.86% Book value per share(1) 4.66 4.31 Credit Quality - Period End Nonperforming assets/assets 0.01% 0.00% Loan loss reserve/loans(4) 1.18% 1.29% Period End Balance Sheet ($ in thousands) Total assets $ 428,670 $ 350,801 Gross Loans 363,807 292,403 Nonperforming assets 22 - Allowance for credit losses(4) 4,296 3,777 Deposits 371,950 284,391 Common Equity 33,025 30,106 Non-Financial Data Full-time equivalent staff 110 91 Number of banking offices,domestic 12 9 and foreign Common Shares outstanding Period end (1) 7,094,244 6,986,874 Period average - basic (1) 7,051,965 6,927,657 Period average - diluted(1) 7,375,978 7,283,804 Market Ratios Stock Price (1) 14.40 12.67 Price/Earnings 28.38 22.97 Price/Book 3.09 2.94 (1) Number of shares adjusted for January 3, 2006, three for two stock split. (2) Dividend per share data does not reflect stock split. (3) 3rd Quarter 2006 estimated. (4) Adjusted for Allowance for Off-Balance Sheet Credit Exposure.
Contact Information: Contact: Rick McCarty / Ron Martin Phone:(209) 848-2265 www.ovcb.com