Oak Valley Community Bank Statement of Condition (unaudited) For the Three Months Ended 12/31/2006 9/30/2006 6/30/2006 3/31/2006 12/31/2005 Profitability ($ in thousands, except per share) Selected Quarterly Operating Data: Net interest income $ 4,515 $ 4,419 $ 4,231 $ 4,168 $ 4,152 Provision for loan losses 50 140 220 185 200 Non-interest income 541 432 412 340 353 Non-interest expense 3,135 3,082 3,052 2,951 2,544 Income before income taxes 1,871 1,629 1,372 1,371 1,762 Provision for income taxes 717 632 532 532 684 Net income 1,154 997 840 839 1,078 Earnings per common share - basic (1) 0.16 0.14 0.12 0.12 0.15 Earnings per common share - diluted (1) 0.16 0.14 0.11 0.11 0.15 Dividends declared per common share (2) - 0.19 - - - Return on average common equity 13.48% 11.91% 10.31% 10.71% 13.91% Return on average assets 1.05% 0.93% 0.83% 0.88% 1.19% Net interest margin 4.42% 4.44% 4.57% 4.67% 4.91% Efficiency Ratio 62.01% 63.52% 65.72% 65.47% 56.46% Capital - Period End Tier 1 risk-based capital ratio 8.42% 8.68% 9.15% 9.10% 9.36% Book value per share (1) 4.85 4.66 4.65 4.51 4.44 Credit Quality - Period End Nonperforming assets/assets 0.00% 0.01% 0.01% 0.00% 0.00% Loan loss reserve/loans (3) 1.15% 1.18% 1.22% 1.17% 1.18% Period End Balance Sheet ($ in thousands) Total assets $ 455,431 $ 428,670 $ 409,103 $ 402,080 $ 382,122 Gross Loans 378,393 363,807 341,652 337,016 318,108 Nonperforming assets - 22 25 - - Allowance for credit losses (3) 4,341 4,296 4,157 3,938 3,757 Deposits 378,530 371,950 365,003 353,376 329,080 Common Equity 34,424 33,025 32,931 31,815 31,038 Non-Financial Data Full-time equivalent staff 112 110 108 108 101 Number of banking offices, domestic and foreign 12 12 12 12 11 Common Shares outstanding Period end (1) 7,103,243 7,094,244 7,079,326 7,046,732 6,988,224 Period average - basic (1) 7,095,114 7,090,707 7,059,219 7,004,325 6,987,549 Period average - diluted (1) 7,358,875 7,375,174 7,357,295 7,349,790 7,361,137 Market Ratios Stock Price (1) 13.03 14.40 13.50 14.95 15.67 Price/Earnings 20.18 25.81 28.30 30.76 25.60 Price/Book 2.69 3.09 2.90 3.31 3.53 YEAR TO DATE ---------------------- 12/31/2006 12/31/2005 Profitability ($ in thousands, except per share) Selected Quarterly Operating Data: Net interest income $ 17,334 $ 15,163 Provision for loan losses 595 705 Non-interest income 1,724 1,347 Non-interest expense 12,220 9,375 Income before income taxes 6,244 6,430 Provision for income taxes 2,413 2,495 Net income 3,831 3,935 Earnings per common share - basic (1) 0.54 0.57 Earnings per common share - diluted (1) 0.52 0.54 Dividends declared per common share (2) 0.190 0.250 Return on average common equity 11.64% 13.18% Return on average assets 0.93% 1.16% Net interest margin 4.50% 4.78% Efficiency Ratio 64.12% 56.79% Capital - Period End Tier 1 risk-based capital ratio 8.42% 9.36% Book value per share (1) 4.85 4.44 Credit Quality - Period End Nonperforming assets/assets 0.00% 0.00% Loan loss reserve/loans (3) 1.15% 1.18% Period End Balance Sheet ($ in thousands) Total assets $ 455,431 $ 382,122 Gross Loans 378,393 318,108 Nonperforming assets - - Allowance for credit losses (3) 4,341 3,757 Deposits 378,530 329,080 Common Equity 34,424 31,038 Non-Financial Data Full-time equivalent staff 112 101 Number of banking offices, domestic 12 11 and foreign Common Shares outstanding Period end (1) 7,103,243 6,988,224 Period average - basic (1) 7,062,841 6,942,723 Period average - diluted (1) 7,334,603 7,316,311 Market Ratios Stock Price (1) 13.03 15.67 Price/Earnings 24.02 27.65 Price/Book 2.69 3.53 (1) Number of shares adjusted for January 3, 2006, three for two stock split. (2) Dividend per share data does not reflect stock split. Cash dividend of $1,345,072 paid in August 2006. (3) Adjusted for Allowance for Off-Balance Sheet Credit Exposure.
Contact Information: Contact: Ron Martin/Rick McCarty Phone: (209) 848-2265 www.ovcb.com