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Golden VY Bancshares Inc - GVYB STOCK NEWS

Welcome to our dedicated news page for Golden VY Bancshares (Ticker: GVYB), a resource for investors and traders seeking the latest updates and insights on Golden VY Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Golden VY Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Golden VY Bancshares's position in the market.

Rhea-AI Summary
Golden Valley Bancshares (GVYB) reported a net profit of $905,871 for Q4 2023, with a year-to-date net profit of $3,750,453, down from $1,160,168 and $4,579,956 for the same periods last year. Total assets were $488.6 million, a decrease of 3.8% from the prior quarter and an increase of 2.2% year over year. The company remains well-capitalized and far exceeds minimum regulatory requirements.
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Rhea-AI Summary
Golden Valley Bancshares (GVYB) reported a fourth quarter 2023 net profit of $905,891 and year-to-date net profit of $3,750,4533, compared to $1,160,168 and $4,579,956 for the same periods last year, respectively. Total assets were $488.6 million, a decrease of 3.8% from the prior quarter and an increase of 2.2% year over year. Total loans remained relatively even at $240.1 million. Asset quality remains excellent with no non-performing loans. Deposits were $445 million, a decrease of 4.9% from September 30, 2023, and an increase of 0.4% from December 31, 2022. The bank opened a new full-service office in Oroville, California in late October.
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Golden Valley Bancshares reports third quarter 2023 net profit of $990,029 and year to date net profit of $2,844,583. Total assets increased by 4.2% to $507.7 million. Total loans remained relatively even at $238.7 million. Deposits grew by $31.7 million in the last five months. The company has set aside $3.94 million in allowance for credit losses. Golden Valley Bancshares is well-capitalized and exceeds minimum regulatory requirements.
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Golden Valley Bancshares (OTC PINK:GVYB) reported a second quarter 2023 net profit of $863,758, and year to date net profit of $1,854,554. Loans increased by 3.2% to $238.3 million. Assets remained at $487 million, while deposits dipped by 0.9% to $447.1 million. The company has set aside $3.94 million in allowance for credit losses. The Oroville office construction is expected to open in August.
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Golden VY Bancshares Inc

OTC:GVYB

GVYB Rankings

GVYB Stock Data

36.99M
1.96M
Commercial Banking
Finance and Insurance
Link
United States
Chico