Ohio Valley Banc Corporation【OVBC】株式ニュース

Ohio Valley Banc Corp. Reports 1st Quarter EarningsApril 28, 2026 3:21 PM
PR Newswire (US)

GALLIPOLIS, Ohio, April 28, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended March 31, 2026, of $4,297,000, a decrease of $109,000, or 2.5%, from the same period during the prior year. Earnings per share for the first quarter of 2026 were $.91, compared to $.94 for the first quarter of 2025. Return on average assets and return on average equity were 1.08% and 10.17%, respectively, for the first quarter of 2026, versus 1.20% and 11.82%, respectively, for the same period the prior year.

Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Our core performance remained strong, highlighted by double-digit growth in net interest income, margin expansion, and continued loan growth in our targeted commercial markets. While earnings were modestly lower, we continue to invest in our people, technology, and franchise for long-term, sustainable performance."For the first quarter of 2026, net interest income increased $1,748,000, or 13.3%, from the first quarter of 2025. The increase was related to the increase in both average earning assets and the net interest margin. For the first quarter of 2026, average earning assets increased $121 million from the same period last year, led by the $146 million growth in average loans, which was partially offset by the decreases in average securities of $15 million and average balances maintained at the Federal Reserve of $11 million. The growth in average loans occurred primarily within the targeted commercial lending segments.For the first quarter of 2026, the net interest margin was 4.01%, an increase from 3.85% for the first quarter of 2025. The increase in the net interest margin was related to the yield on earning assets increasing more than the cost of funding sources. The yield on earning assets improved primarily in relation to the strong growth in higher yielding loans, which now comprise a larger percentage of earning assets.For the three months ended March 31, 2026, the provision for credit loss expense was $1,622,000, an increase of $1,206,000 from the first quarter of 2025. The provision for credit loss expense for the first quarter of 2026 was primarily related to the specific allocation of $2,031,000 on two collateral dependent loans. Additional reserves were required for net charge-offs of $278,000 and the $19 million increase in loans since December 31, 2025. These increases in reserves were partially offset by a decrease in certain qualitative risk factors. The ratio of nonperforming loans to total loans was 1.64% at March 31, 2026, compared to 1.40% at December 31, 2025 and .48% at March 31, 2025. The increase in nonperforming loans was primarily related to three commercial loans being placed on nonaccrual status since March 31, 2025. Two of the loans required the specific allocation that was previously mentioned and one of the loans was deemed adequately collateralized. The allowance for credit losses was 1.07% of total loans at March 31, 2026, compared to .96% at December 31, 2025 and .97% at March 31, 2025.Noninterest income totaled $3,288,000 for the first quarter of 2026, a decrease of $358,000 from the same period last year. The decrease was primarily related to the $540,000 decrease in electronic refund check and deposit fees due to the expiration of a tax processing agreement with a third party. This decrease was partially offset by a $138,000 increase in income from bank owned life insurance due to the receipt of life insurance proceeds and to the $86,000 increase in debit and credit card interchange income. Noninterest expense totaled $11,301,000 for the first quarter of 2026, an increase of $483,000 from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, increased $335,000, or 5.6%, from the first quarter of 2025. The increase was primarily related to annual merit increases and to health insurance premiums. For the three months ended March 31, 2026, software expense increased $132,000 from the same period last year. The increase was primarily related to an investment in software to enhance internal processes. Also contributing to higher noninterest expense for the first quarter of 2026 was a $58,000 increase in FDIC insurance expense, as compared to the same period last year. The increase was related to a higher assessment base due to growth in assets and to an increase in the assessment rate in relation to higher nonperforming loans.The Company's total assets at March 31, 2026 were $1.678 billion, an increase of $95 million from December 31, 2025. The increase in assets was primarily the result of a $78 million increase in balances maintained at the Federal Reserve and a $19 million increase in total loans. At March 31, 2026, total deposits increased $94 million from year end 2025, which occurred primarily within time deposits. Total shareholders' equity increased $1.0 million from year end 2025. This was primarily from year-to-date net income of $4.3 million, partially offset by a decrease in accumulated other comprehensive income of $2.2 million and cash dividends paid of $1.1 million.Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 18 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.Caution Regarding Forward-Looking InformationCertain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events.Contact: Scott Shockey, CFO (740) 446-2631 OHIO VALLEY BANC CORP - Financial Highlights (Unaudited)

Three months ended

March 31,

2026
2025PER SHARE DATA

Earnings per share

$                   0.91
$             0.94 Dividends per share

$                   0.23
$             0.22 Book value per share

$                 36.36
$           33.05 Dividend payout ratio (a)

25.22 %
23.52 % Weighted average shares outstanding

4,711,001
4,711,001

DIVIDEND REINVESTMENT (in 000's)

Dividends reinvested under

     employee stock ownership plan (b)

$                    206
$              195 Dividends reinvested under

     dividend reinvestment plan (c)

$                    314
$              382

PERFORMANCE RATIOS

Return on average equity

10.17 %
11.82 % Return on average assets

1.08 %
1.20 % Net interest margin (d)

4.01 %
3.85 % Efficiency ratio (e)

61.72 %
63.95 % Average earning assets (in 000's)

$         1,518,144
$   1,397,458

(a) Total dividends paid as a percentage of net income.(b) Shares may be purchased from OVBC and on secondary market.(c) Shares may be purchased from OVBC and on secondary market.(d) Fully tax-equivalent net interest income as a percentage of average earning assets.(e) Noninterest expense as a percentage of fully tax-equivalent net interest income plus noninterest income. OHIO VALLEY BANC CORP - Consolidated Statements of Income (Unaudited)

Three months ended(in $000's)
March 31,

2026
2025Interest income:

     Interest and fees on loans
$               19,404
$         16,695     Interest and dividends on securities
2,489
2,279     Interest on interest-bearing deposits with banks
582
826          Total interest income
22,475
19,800Interest expense:

     Deposits
7,031
6,133     Borrowings
556
527          Total interest expense
7,587
6,660Net interest income
14,888
13,140Provision for credit losses
1,622
416Noninterest income:

     Service charges on deposit accounts745
720     Trust fees
92
103     Income from bank owned life insurance and

       annuity assets
378
240     Mortgage banking income
37
37     Electronic refund check/deposit fees0
540     Debit / credit card interchange income1,235
1,149     Tax preparation fees
608
596     Other
193
261          Total noninterest income
3,288
3,646Noninterest expense:

     Salaries and employee benefits
6,347
6,012     Occupancy
524
521     Furniture and equipment
318
350     Professional fees
473
500     Marketing expense
280
279     FDIC insurance
241
183     Data processing
911
925     Software
673
541     Other
1,534
1,507          Total noninterest expense
11,301
10,818Income before income taxes
5,253
5,552Income taxes
956
1,146NET INCOME
$                 4,297
$           4,406 OHIO VALLEY BANC CORP - Consolidated Balance Sheets (Unaudited)

(in $000's, except share data)

March 31,
December 31,

2026
2025ASSETS

Cash and noninterest-bearing deposits with banks

$               16,255
$         14,845Interest-bearing deposits with banks

109,072
31,052     Total cash and cash equivalents

125,327
45,897Securities available for sale

251,439
253,906Securities held to maturity, net of allowance for credit losses of $1 in 2026 and 2025
5,435
5,452Restricted investments in bank stocks

5,258
5,258Total loans

1,214,814
1,196,018 Less: Allowance for credit losses

(12,943)
(11,519)     Net loans

1,201,871
1,184,499Premises and equipment, net

20,501
20,509Premises and equipment held for sale, net

395
400Accrued interest receivable

5,535
5,476Goodwill

7,319
7,319Bank owned life insurance and annuity assets

42,606
43,305Operating lease right-of-use asset, net

876
923Deferred tax assets

6,252
5,621Other assets

4,688
4,089          Total assets

$         1,677,502
$   1,582,654

LIABILITIES

Noninterest-bearing deposits

$            332,760
$       314,131Interest-bearing deposits

1,090,914
1,015,536     Total deposits

1,423,674
1,329,667Other borrowed funds

43,529
44,848Subordinated debentures

8,500
8,500Operating lease liability

876
923Allowance for credit losses on off-balance sheet commitments

791
871Other liabilities

28,852
27,588          Total liabilities

1,506,222
1,412,397

SHAREHOLDERS' EQUITY

Common stock ($1.00 stated value per share, 10,000,000 shares authorized;

5,490,995 shares issued)

5,491
5,491Additional paid-in capital

52,321
52,321Retained earnings

136,220
133,007Accumulated other comprehensive income (loss)

(4,059)
(1,869)Treasury stock, at cost (779,994 shares)

(18,693)
(18,693)          Total shareholders' equity

171,280
170,257               Total liabilities and shareholders' equity

$         1,677,502
$   1,582,654

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Original: Ohio Valley Banc Corp. Reports 1st Quarter Earnings

Ohio Valley Banc Corp. Reports 4th Quarter and Record Fiscal Year EarningsJanuary 27, 2026 8:38 PM
PR Newswire (US)

GALLIPOLIS, Ohio, Jan. 27, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended December 31, 2025, of $3,955,000, an increase of $1,440,000, or 57.3%, from the same period the prior year. Earnings per share for the fourth quarter of 2025 were $.84 compared to $.53 for the prior year fourth quarter. For the year ended December 31, 2025, net income totaled $15,601,000, an increase of $4,602,000, or 41.8%, from the same period the prior year. Earnings per share were $3.31 for 2025 versus $2.32 for 2024. Return on average assets and return on average equity were 1.02% and 9.83%, respectively, for the year ended December 31, 2025, compared to .77% and 7.50%, respectively, for the same period in the prior year.Ohio Valley Banc Corp. President and CEO, Larry Miller said, "As we anticipate the celebration of America's 250th birthday, your Company has reason to celebrate: the achievement of record earnings in our 153rd year in business! These results reflect the dedication of our employees to serving our customers while enhancing shareholder value and remaining rock-solid in their commitment to our Community First mission. None of this would be possible without the continued loyalty and support of our shareholders. We extend our sincere thanks to our shareholders for their continued support as we celebrate this historic milestone for both our company and our country."For the three months ended December 31, 2025, net interest income increased $2,403,000, and for the year ended December 31, 2025, net interest income increased $8,941,000 from the same respective periods last year. These increases were related to the increase in both average earning assets and the net interest margin for the respective periods. For the year ended December 31, 2025, average earning assets increased $103 million from the same period last year, led by the $75 million growth in average loans and the $53 million growth in average securities. The growth in average loans was related to the commercial real estate, commercial and industrial, and residential real estate lending segments. The growth in these segments was partially offset by a decrease in consumer loans, as this segment was deemphasized by the Company starting in 2024 to focus on more profitable portfolio segments. The growth in average securities was related to the Company participating in a program offered by the Ohio Treasurer called Ohio Homebuyer Plus starting in the third quarter of 2024. As a participant in the program, the Company developed the Sweet Home Ohio deposit account to offer participants an above-market interest rate along with a deposit bonus to assist customers in achieving their home savings goals. At December 31, 2025, the balance of Sweet Home Ohio accounts totaled $9.5 million, as compared to $6.8 million at December 31, 2024. For each Sweet Home Ohio account that was opened, the Company received a deposit from the Ohio Treasurer at a subsidized interest rate. At December 31, 2025, the amount deposited by the Treasurer totaled $69.9 million, a decrease from $97.4 million at December 31, 2024. Since the Treasurer deposits are classified as public funds, which are required to be collateralized, the Company invested the funds in securities to be pledged as collateral to the Treasurer. The investment of these funds was the primary contributor to the increase in securities from 2024. For the same period, the average balance of cash maintained at the Federal Reserve decreased $25 million to assist with funding loan growth and to generate a higher rate of return. Most of the growth in other funding sources occurred in average NOW, money market accounts, and savings accounts which increased $58 million from 2024. A large portion of this growth was related to the Ohio Treasurer's matching funds received for the Ohio Homebuyer Plus program along with the deposits made to the Sweet Home Ohio account. Based on the growth in these lower-cost deposits, the average growth in higher-cost certificates of deposit was limited to $34 million for 2025 versus the same period last year.For the fourth quarter of 2025, the net interest margin was 4.18%, an increase from 3.70% for the fourth quarter of 2024. For the year ended December 31, 2025, the net interest margin was 4.07%, an increase from 3.71% for the same period last year. The increase in the net interest margin was related to the yield on earning assets increasing, while the cost of funding sources decreased. The yield on earning assets improved in relation to the growth in higher yielding loans and securities, along with the recognition of a market discount on purchased loans totaling $817,000 during the second quarter and another $832,000 during the fourth quarter. The cost of funding sources decreased as the composition of funding sources shifted to lower cost deposit sources, such as, NOW, money market, and savings accounts. Furthermore, the average cost of certificates of deposit decreased as higher costing certificates repriced to lower current market rates.For the three months ended December 31, 2025, the provision for credit loss expense totaled $378,000, a decrease of $239,000 from the same period last year. The quarterly provision for credit loss expense was primarily associated with the $65 million quarterly increase in loan balances and the quarter-to-date net charge-offs of $225,000, which were partially offset by the decrease in certain qualitative risk factors. For the year ended December 31, 2025, the provision for credit losses was $3,054,000, an increase of $585,000 from the same period last year. The year-to-date provision for credit loss expense was primarily associated with net charge-offs of $1,334,000, loan growth of $134 million and an increase in modeled loss rates due to the regression in GDP and unemployment projections, which items were partially offset by the decrease in certain qualitative risk factors. The ratio of nonperforming loans to total loans was 1.40% at December 31, 2025, compared to .46% at December 31, 2024. The increase in nonperforming loans was primarily related to two commercial loans being placed on nonaccrual status. The loans are secured by commercial real estate and deemed adequately collateralized. The allowance for credit losses was .96% of total loans at December 31, 2025, compared to .95% at December 31, 2024.For the three and twelve months ended December 31, 2025, noninterest income decreased $3,192,000 and $4,201,000, respectively, from the same periods last year. The decreases were largely due to the loss on the sale of securities. During the fourth quarter of 2025, the Company sold $25.9 million in securities at a loss of $2,528,000. The securities sold were yielding 1.36% and were reinvested in similar securities with a longer duration that are yielding 4.59%. During the third quarter of 2025 a similar strategy was implemented. The Company sold $11.0 million in securities at a loss of $1,219,000 that were yielding 1.32%. The proceeds were reinvested into securities yielding 4.37%. Collectively, during 2025, the Company sold $36.9 million in securities at a loss of $3,747,000. The yield on securities sold went from 1.35% to 4.52% on the securities purchased. The Company believes that this strategy will increase future interest income by increasing its net interest margin. Also contributing to lower noninterest income was a decrease in other noninterest income, which for the three months ended December 31, 2025 decreased $733,000, and, for the year ended 2025, decreased $690,000 from the same periods the prior year, respectively. The decreases were largely related to lower earnings from a tax processing agreement and the disposition of certain assets. Partially offsetting these decreases was interchange income earned on debit and credit cards, which increased $45,000 and $196,000 during the three and twelve months ended December 31, 2025, compared to the same periods from 2024, respectively.For the three months ended December 31, 2025, noninterest expense totaled $10,853,000, a decrease of $2,453,000 from the same period last year. For the year ended December 31, 2025, noninterest expense totaled $44,209,000, a decrease of $1,921,000 from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, decreased $2,497,000 as compared to the fourth quarter of 2024, and decreased $2,873,000 as compared to the year ended December 31, 2024. The decreases were primarily related to the cost incurred from the implementation of a voluntary early retirement program in the fourth quarter of 2024, which resulted in an expense of $3,338,000. The savings from the early retirement program were partially offset by annual merit increases and data processing and marketing expense. For the three months and year ended December 31, 2025, data processing increased $44,000 and $457,000, respectively, from the same periods last year. Higher costs in this category were related to debit and credit card processing due to higher transaction volume and conversion costs for the Company's new rewards platform. For the three months and year ended December 31, 2025, marketing expense increased $221,000 and $385,000, respectively, from the same periods last year. The increases were primarily related to advertising, a higher contribution to our own foundation fund and costs associated with supporting the communities we serve.The Company's total assets at December 31, 2025 were $1.583 billion, an increase of $79 million from December 31, 2024. Since December 31, 2024, loan balances increased $134 million, or 12.6%. The growth in loans occurred mostly in the targeted areas of commercial real estate, commercial and industrial, and residential real estate. The growth in these segments was partially offset by a decrease in consumer loans, as this segment has been deemphasized by the Company due to profitability relative to other loan portfolio segments. The increase in loans was primarily funded by a $54 million increase in total deposits, led by time deposits, and a $36 million decrease in balances maintained at the Federal Reserve. At December 31, 2025, shareholders' equity increased $19.9 million from year end 2024. This was primarily from year-to-date net income of $15.6 million and an increase in accumulated other comprehensive income of $8.6 million, partially offset by cash dividends paid of $4.3 million. The increase in accumulated other comprehensive income was related to the $5.6 million, net of tax, market appreciation of securities due to a decrease in market interest rates and the recognition of a $3.0 million, net of tax, realized loss on the sale of securities that was previously unrealized.Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 18 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.Caution Regarding Forward-Looking InformationCertain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events.OHIO VALLEY BANC CORP - Financial Highlights (Unaudited)

Three months ended
Twelve months ended

December 31,
December 31,

2025
2024
2025
2024PER SHARE DATA

Earnings per share

$             0.84
$             0.53
$               3.31
$             2.32 Dividends per share

$             0.23
$             0.22
$               0.91
$             0.88 Book value per share

$           36.14
$           31.91
$            36.14
$           31.91 Dividend payout ratio (a)

27.39 %
41.21 %
27.48 %
37.98 % Weighted average shares outstanding4,711,001
4,711,001
4,711,001
4,736,820

DIVIDEND REINVESTMENT (in 000's)

Dividends reinvested under

     employee stock ownership plan (b)
$                  -
$                  -
$                195
$              202 Dividends reinvested under

     dividend reinvestment plan (c)

$              334
$              368
$            1,373
$           1,524

PERFORMANCE RATIOS

Return on average equity

9.49 %
6.62 %
9.83 %
7.50 % Return on average assets

1.00 %
0.66 %
1.02 %
0.77 % Net interest margin (d)

4.18 %
3.70 %
4.07 %
3.71 % Efficiency ratio (e)

66.43 %
77.83 %
65.74 %
73.79 % Average earning assets (in 000's)

$   1,483,069
$   1,414,863
$     1,433,515
$   1,330,841

(a) Total dividends paid as a percentage of net income.

(b) Shares may be purchased from OVBC and on secondary market.

(c) Shares may be purchased from OVBC and on secondary market.

(d) Fully tax-equivalent net interest income as a percentage of average earning assets.

(e) Noninterest expense as a percentage of fully tax-equivalent net interest income plus noninterest income.

OHIO VALLEY BANC CORP - Consolidated Statements of Income (Unaudited)

Three months ended
Twelve months ended(in $000's)

December 31,
December 31,

2025
2024
2025
2024Interest income:

     Interest and fees on loans

$         19,989
$         16,864
$          73,327
$         64,938     Interest and dividends on securities
2,428
2,364
9,448
6,378     Interest on interest-bearing deposits with banks434
794
2,462
4,447          Total interest income

22,851
20,022
85,237
75,763Interest expense:

     Deposits

6,845
6,393
25,408
24,639     Borrowings

533
559
2,084
2,320          Total interest expense

7,378
6,952
27,492
26,959Net interest income

15,473
13,070
57,745
48,804Provision for (recovery of) credit losses 378
617
3,054
2,469Noninterest income:

     Service charges on deposit accounts767
773
3,033
3,039     Trust fees

89
100
376
404     Income from bank owned life insurance and

       annuity assets

267
241
986
929     Mortgage banking income

60
45
182
163     Electronic refund check/deposit fees0
0
676
675     Debit / credit card interchange income1,319
1,274
5,164
4,968     Loss on sale of securities

(2,528)
0
(3,747)
0     Tax preparation fees

4
4
641
644     Other

750
1,483
1,659
2,349          Total noninterest income

728
3,920
8,970
13,171Noninterest expense:

     Salaries and employee benefits

6,336
8,833
24,909
27,782     Occupancy

482
447
2,017
1,938     Furniture and equipment

294
313
1,328
1,300     Professional fees

288
370
1,803
1,873     Marketing expense

367
146
1,205
820     FDIC insurance

172
179
698
648     Data processing

723
679
3,551
3,094     Software

644
556
2,363
2,260     Other

1,547
1,783
6,335
6,415          Total noninterest expense

10,853
13,306
44,209
46,130Income before income taxes

4,970
3,067
19,452
13,376Income taxes

1,015
552
3,851
2,377NET INCOME

$           3,955
$           2,515
$          15,601
$         10,999

OHIO VALLEY BANC CORP - Consolidated Balance Sheets (Unaudited)

(in $000's, except share data)

December 31,
December 31,

2025
2024ASSETS

Cash and noninterest-bearing deposits with banks

$          14,845
$         15,704Interest-bearing deposits with banks

31,052
67,403     Total cash and cash equivalents

45,897
83,107Securities available for sale

253,906
268,120Securities held to maturity, net of allowance for credit losses of $1 in 2025 and 2024
5,452
7,049Restricted investments in bank stocks

5,258
5,007Total loans

1,196,018
1,061,825 Less: Allowance for credit losses

(11,519)
(10,088)     Net loans

1,184,499
1,051,737Premises and equipment, net

20,509
21,229Premises and equipment held for sale, net

400
507Accrued interest receivable

5,476
4,805Goodwill

7,319
7,319Bank owned life insurance and annuity assets

43,305
42,048Operating lease right-of-use asset, net

923
1,024Deferred tax assets

5,621
7,218Other assets

4,089
4,242          Total assets

$     1,582,654
$   1,503,412

LIABILITIES

Noninterest-bearing deposits

$        314,131
$       322,383Interest-bearing deposits

1,015,536
952,795     Total deposits

1,329,667
1,275,178Other borrowed funds

44,848
39,740Subordinated debentures

8,500
8,500Operating lease liability

923
1,024Allowance for credit losses on off-balance sheet commitments

871
582Other liabilities

27,588
28,060          Total liabilities

1,412,397
1,353,084

SHAREHOLDERS' EQUITY

Common stock ($1.00 stated value per share, 10,000,000 shares authorized;

5,490,995 shares issued)

5,491
5,491Additional paid-in capital

52,321
52,321Retained earnings

133,007
121,693Accumulated other comprehensive income (loss)

(1,869)
(10,484)Treasury stock, at cost (779,994 shares)

(18,693)
(18,693)          Total shareholders' equity

170,257
150,328               Total liabilities and shareholders' equity

$     1,582,654
$   1,503,412Contact: Scott Shockey, CFO (740) 446-2631

View original content:https://www.prnewswire.com/news-releases/ohio-valley-banc-corp-reports-4th-quarter-and-record-fiscal-year-earnings-302671721.htmlSOURCE Ohio Valley Banc Corp.

Original: Ohio Valley Banc Corp. Reports 4th Quarter and Record Fiscal Year Earnings