Golden Valley Bancshares Reports Second Quarter Results (Unaudited)
ACCESSWIRE
20 Jul 2021, 08:31 GMT+10
CHICO, CA / ACCESSWIRE / July 19, 2021 / Golden Valley Bancshares (OTC PINK:GVYB), with its wholly owned subsidiary, Golden Valley Bank headquartered in Chico, California today reported second quarter 2021 net profit of $1,317,255, and year to date net profit of $2,743,694, 33.3% and 27.8% increases from the same period last year. On a pre-tax bases, earnings were $1,899,255 for the quarter ending June 30, 2021 compared to $1,414,245 for the same period in 2020, a 34.3% increase. For the first six months of 2021, pre-tax earnings were $3,923,694 compared to $3,062,201 for the same period in 2020, a 28.1% increase.
Second quarter 2021 financial highlights compared to the second quarter of 2020 include:
GOLDEN VY BANCSHARES INC.: Golden Valley Bancshares Reports Second Quarter Results (Unaudited)
CHICO, CA / ACCESSWIRE / July 19, 2021 / Golden Valley Bancshares (OTC PINK:GVYB), with its wholly owned subsidiary, Golden Valley Bank headquartered in Chico, California today reported second quarter 2021 net profit of $1,317,255, and year to date net profit of $2,743,694, 33.3% and 27.8% increases from the same period last year. On a pre-tax bases, earnings were $1,899,255 for the quarter ending June 30, 2021 compared to $1,414,245 for the same period in 2020, a 34.3% increase. For the first six months of 2021, pre-tax earnings were $3,923,694 compared to $3,062,201 for the same period in 2020, a 28.1% increase.
Second quarter 2021 financial highlights compared to the second quarter of 2020 include:
Press release content from Business Wire. The AP news staff was not involved in its creation.
Golden Valley Bancshares Reports Fourth Quarter Results (Unaudited)
February 4, 2021 GMT
CHICO, Calif. (BUSINESS WIRE) Feb 4, 2021
Golden Valley Bancshares (OTC Markets: GVYB ), with its wholly owned subsidiary, Golden Valley Bank headquartered in Chico, California today reported fourth quarter 2020 net profit of $943,551, and year to date net profit of $4,093,157, compared to $803,747 and $3,991,884, respectively for the same periods in 2019.
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Assets up $49.3 million to $406.3 million, or 13.8%
Loans up $81.8 million to $265.5 million, or 44.5%
Deposits up $68.2 million to $363 million, or 23.1%
The company used fees from the Paycheck Protection Plan to fortify its balance sheet against the potential of future economic uncertainty while providing for the needs of customers and the community. The company also completed the formation of Golden Valley Bancshares in Octob