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North Valley Bancorp (NOVB) filed Quarterly Report for the period ended 2011-09-30.
North Valley Bancorp has a market cap of $69 million; its shares were traded at around $10.09 with a P/E ratio of 15.3 and P/S ratio of 1.3.
This is the annual revenues and earnings per share of NOVB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NOVB.
Highlight of Business Operations:
Net interest income is the difference between interest earned on loans and investments and interest paid on deposits and borrowings, and is the primary revenue source for the Company. Net interest margin is net interest income expressed as a percentage of average earning assets. These items have been adjusted to give effect to $81,000 and $90,000 in taxable-equivalent interest income on tax-free investments for the three month periods ended September 30, 2011 and 2010, respectively.Loans, the Company s major component of earning assets, decreased $41,926,000 during the first nine months of 2011 to $472,116,000 at September 30, 2011 from $514,042,000 at December 31, 2010. Real estate construction loans decreased by $20,296,000 as the Company continues to reduce its exposure to construction lending, commercial loans decreased by $6,813,000 and real estate commercial loans decreased by $10,071,000. The remaining loan categories remained relatively unchanged from their December 31, 2010 balances.
The Company manages both assets and liabilities by monitoring asset and liability mixes, volumes, maturities, yields and rates in order to preserve liquidity and earnings stability. Total liquid assets (cash and due from banks, Federal funds sold and available for sale investment securities) totaled $363,077,000 and $289,278,000 (or 39.8% and 32.7% of total assets) at September 30, 2011 and December 31, 2010, respectively.
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