Oak Valley Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the three months ended March 31, 2013, consolidated net income was $1,300,000, while consolidated net income available to common shareholders was $1,232,000, or $0.16 per diluted common share. This compared to consolidated net income of $1,461,000 and net income available to common shareholders of $1,292,000, or $0.17 per diluted common share for the same period a year ago. Net interest income for the three months ended March 31, 2013 was $5.8 million, decreasing by $415,000, or 6.6% from $6.3 million for the same period last year. Return on average common equity was 7.82% against 8.93% a year ago. Return on average assets was 0.81% against 0.98% a year ago. Book value per share was $8.10 against $7.37 a year ago. Income before income taxes was $1,895,000 against $2,198,000 a year ago.

Oak Valley Bancorp announced that Ronald C. Martin has communicated to the Boards of Directors of Oak Valley Bancorp and Oak Valley Community Bank his decision to retire as Chief Executive Officer of each entity on June 18, 2013. Mr. Martin plans to remain available after his retirement to ensure a smooth transition of offices. Martin began his banking career in 1977 and joined Oak Valley Community Bank as President and Chief Executive Officer in March 1992, shortly after its formation. In his retirement, Mr. Martin plans to remain a member of the Board of Directors and continue to provide strategic guidance to the company's and the bank's boards.

Oak Valley Bancorp announced unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company announced net interest income of $6,115,000 compared to $6,335,000 for the same period a year ago. Income before income taxes was $2,207,000 compared to $2,412,000 for the same period a year ago. Net income was $1,489,000 compared to $1,497,000 for the same period a year ago. Net income available to common shareholders was $1,405,000 compared to $1,329,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.18 compared to $0.17 for the same period a year ago. Return on average common equity was 8.87% compared to 9.34% for the same period a year ago. Return on average assets was 0.91% compared to 1.00% for the same period a year ago. Book value per share was $7.99 compared to $7.37 for the same period a year ago. For the full year, the company announced net interest income of $24,845,000 compared to $25,180,000 for the same period a year ago. Income before income taxes was $8,594,000 compared to $9,037,000 for the same period a year ago. Net income was $5,781,000 compared to $5,861,000 for the same period a year ago. Net income available to common shareholders was $5,329,000 compared to $4,700,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.69 compared to $0.61 for the same period a year ago. Return on average common equity was 8.80% compared to 8.67% for the same period a year ago. Return on average assets was 0.95% compared to 1.02% for the same period a year ago. Decrease in net interest income came from new loans boarding and maturing loans reprising in a low interest rate environment, causing downward pressure on yields.