$OVBC

OHIO VALLEY BANC CORP

CIK:0000894671|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and dividend income:
Loans, including fees	$ 19,998	$ 17,984	$ 39,402	$ 34,679
Securities
Taxable	2,398	2,295	4,773	4,450
Tax exempt	26	28	52	56
Dividends	90	93	178	189
Interest-bearing deposits with banks	966	639	1,548	1,465
Total interest and dividend income	23,478	21,039	45,953	40,839
Interest expense:
Deposits	7,533	5,988	14,564	12,121
Other borrowed funds	426	382	862	775
Subordinated debentures	121	134	241	268
Total interest expense	8,080	6,504	15,667	13,164
Net interest income	15,398	14,535	30,286	27,675
Provision for (recovery of) credit losses	3,755	1,148	5,377	1,564
Net interest income after provision for credit losses	11,643	13,387	24,909	26,111
Noninterest income:
Service charges on deposit accounts	774	723	1,519	1,443
Trust fees	89	100	181	203
Income from bank owned life insurance and annuity assets	242	243	620	483
Mortgage banking income	38	40	75	77
Electronic refund check / deposit fees	0	135	0	675
Debit / credit card interchange income	1,349	1,279	2,584	2,428
Unrealized gains on equity securities	377	0	377	0
Tax preparation fees	42	38	650	634
Other	275	290	468	551
Total noninterest income	3,186	2,848	6,474	6,494
Noninterest expense:
Salaries and employee benefits	6,553	6,194	12,900	12,206
Occupancy	541	493	1,065	1,014
Furniture and equipment	338	338	656	688
Professional fees	466	500	939	1,000
Marketing expense	305	279	585	558
FDIC insurance	241	164	482	347
Data processing	364	969	1,275	1,894
Software	661	587	1,334	1,128
Other	1,776	1,525	3,310	3,032
Total noninterest expense	11,245	11,049	22,546	21,867
Income before income taxes	3,584	5,186	8,837	10,738
Provision for income taxes	657	976	1,613	2,122
NET INCOME	$ 2,927	$ 4,210	$ 7,224	$ 8,616
Earnings per share (in Dollars per share)	$ 0.62	$ 0.89	$ 1.53	$ 1.83

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) [Abstract]
Net cash provided by operating activities	$ 9,831	$ 4,974
Investing activities:
Proceeds from maturities and paydowns of debt securities available for sale	56,644	76,041
Purchases of debt securities available for sale	(54,651)	(67,306)
Proceeds from calls and maturities of debt securities held to maturity	45	548
Net change in loans	(50,442)	(39,285)
Purchases of premises and equipment	(2,658)	(467)
Purchases of bank owned life insurance and annuity asset	(170)	0
Withdrawals from bank owned life insurance and annuity asset	115	115
Net cash (used in) investing activities	(51,117)	(30,354)
Financing activities:
Change in deposits	78,761	1,584
Cash dividends	(2,262)	(2,121)
Repayment of Federal Home Loan Bank borrowings	(2,591)	(2,625)
Change in other short-term borrowings	(435)	62
Net cash provided by (used in) financing activities	73,473	(3,100)
Change in cash and cash equivalents	32,187	(28,480)
Cash and cash equivalents at beginning of period	45,897	83,107
Cash and cash equivalents at end of period	78,084	54,627
Supplemental disclosure:
Cash paid for interest	15,755	12,712
Cash paid for income taxes	1,835	1,424
Operating lease liability arising from obtaining right-of-use asset	810	0
Proceeds from bank owned life insurance and annuity assets not settled	$ 1,020	$ 0

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and noninterest-bearing deposits with banks	$ 15,519	$ 14,845
Interest-bearing deposits with banks	62,565	31,052
Total cash and cash equivalents	78,084	45,897
Debt securities available for sale	250,236	253,906
Debt securities held to maturity, net of allowance for credit losses of $1 in 2026 and 2025	5,404	5,452
Equity securities	376	0
Restricted investments in bank stocks	5,258	5,258
Total loans	1,246,114	1,196,018
Less: Allowance for credit losses	(16,610)	(11,519)
Net loans	1,229,504	1,184,499
Premises and equipment, net	22,357	20,509
Premises and equipment held for sale, net	390	400
Accrued interest receivable	5,485	5,476
Goodwill	7,319	7,319
Bank owned life insurance and annuity assets	42,960	43,305
Operating lease right-of-use asset, net	1,408	923
Deferred tax assets	6,082	5,621
Other assets	6,573	4,089
Total assets	1,661,436	1,582,654
LIABILITIES
Noninterest-bearing deposits	319,288	314,131
Interest-bearing deposits	1,089,140	1,015,536
Total deposits	1,408,428	1,329,667
Other borrowed funds	41,822	44,848
Subordinated debentures	8,500	8,500
Operating lease liability	1,408	923
Allowance for credit losses on off-balance sheet commitments	731	871
Other liabilities	27,161	27,588
Total liabilities	1,488,050	1,412,397
CONTINGENT LIABILITIES
SHAREHOLDERS’ EQUITY
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 5,490,995 shares issued)	5,491	5,491
Additional paid-in capital	52,321	52,321
Retained earnings	137,969	133,007
Accumulated other comprehensive income (loss)	(3,702)	(1,869)
Treasury stock, at cost (779,994 shares)	(18,693)	(18,693)
Total shareholders’ equity	173,386	170,257
Total liabilities and shareholders’ equity	$ 1,661,436	$ 1,582,654