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Mission Valley Bancorp reported a net income of $1.7 million, or $0.51 per share, for the first quarter of 2024, showing a stable performance compared to the same period in 2023. The company experienced positive growth in net interest income, non-interest income, and total assets. However, it faced challenges with an increase in past due loans and non-accrual loans, as well as a rise in provision for credit losses.
