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Oak Valley Bancorp

The company's name is Orangeville Bancorp, Inc., and it is traded on the OTCQX market under the ticker symbol OVLY. The banking sector, particularly community banks, is the company's area of expertise.

Orangeville Bancorp Inc. is a $547.6 million-asset tiny community bank in Orangeville, Pennsylvania.

In terms of earnings, Orangeville Bancorp reported $1.4 million in net income for the third quarter of 2022, up 26.4% from the third quarter of 2021. Earnings increased due to a 40.5% increase in total interest income and a loss on the sale of investments in the year-ago quarter. Also, the business reported net income of $12.9 million for the nine months that ended September 30, 2022, an increase of 40.4% from the same period in 2021.

Regarding growth, there has been little change in Orangeville Bancorp's growth rate over the previous five years. Although the business has only been modestly successful recently, we still expect its growth rate to improve.

The financial health of Orangeville Bancorp has remained relatively consistent over time, with returns on equity and assets that are comparable to the sector. These metrics have improved recently, but it's still important to be careful. Return on equity increased to 16.1% in the third quarter of 2022, up from 14.6% a year ago. Return on assets was 1.48%, up from 1.25% in the third quarter of 2021.

In terms of efficiency ratios, a higher number indicates less effective a company is at using its assets to generate income. At 64.39%, Orangeville Bancorp's efficiency ratio has continuously declined over the past five years, indicating a marginally better-than-average efficiency. These are just some of the details regarding Orangeville Bancorp's financial health and performance. Orangeville Bancorp may continue to be a solid long-term investment, but it is always essential to conduct your own research and consider various variables before making any investment decisions.