north valley bancorp (NOVB) Snapshot

North Valley Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $1,261,000 or $0.18 per diluted share compared to net income for the quarter ended March 31, 2012 of $480,000 or $0.07 per diluted share. The company reported income before provision for income taxes of $1,877,000 and net interest income of $7,436,000 on total interest income of $7,868,000 compared to income before provision for income taxes of $595,000 and net interest income of $7,392,000 on total interest income of $8,609,000 reported a year ago. Net interest income increased $44,000, or 0.6%, for the three months ended March 31, 2013 compared to the same period in 2012. Interest income was decreased by $741,000, or 8.6%, primarily due to both the lower yield on earning assets and a decrease in average earning asset balances. The company had foregone interest income of $85,000 and $155,000 for the loans on nonaccrual status for the three months ended March 31, 2013 and 2012, respectively. Book value per share was $14.18 compared to $13.31 as at March 31, 2012. Tangible book value per share was $14.15 compared to $13.26 as at March 31, 2012. Return on average assets was 0.57% compared to 0.21% reported a year ago. Return on average equity was 5.30% compared to 2.12% reported a year ago. Gross loan charge offs for the first quarter of 2013 were $1,056,000 and recoveries totaled $249,000 resulting in net charge offs of $807,000. Gross loan charge offs for the first quarter of 2012 were $885,000 and recoveries totaled $103,000 resulting in net charge offs of $782,000.

North Valley Bancorp, Annual General Meeting, May 30, 2013., at 17:30 Pacific Daylight. Location: Administrative Offices of North Valley Bancorp. Agenda: To elect the Nominees as Directors for a term of one year; to consider an advisory (Non-Binding) vote to approve the company’s executive compensation (Say On Pay); and to ratify the appointment of Crowe Horwath LLP as the company’s independent registered public accounting firm for 2013.

North Valley Bancorp Presents at 2013 West Coast Financial Services Conference, Mar-04-2013 . Venue: The Ritz-Carlton, Marina del Rey, California, United States.