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Oak View Bankshares, Inc. functions as the parent entity for Oak View National Bank, delivering a comprehensive suite of financial services to individual customers and businesses alike. Its operations primarily serve clients within Fauquier, Culpeper, and Rappahannock counties in Virginia. The institution offers a diverse range of deposit products, including checking, savings, money market, and retirement accounts, in addition to certificates of deposit (CDs) and CDARs. For commercial clients, it provides extensive lending options such as Small Business Administration (SBA) programs, revolving lines of credit, term loans, commercial real estate financing, and extended-term funding solutions. Consumers can access personal loans, home equity loans and lines of credit, and mortgage financing or refinancing. Specialized offerings also include loans for churches and municipal leasing programs. Furthermore, the bank furnishes advanced treasury management services like ACH processing, remote deposit capture, and merchant solutions, alongside credit cards and accessible online and mobile banking platforms. Established in 2009, the company is headquartered in Warrenton, Virginia.
Oak View Bankshares reported Q1 net income of $1.94 million, a 32.5% increase from the prior year, driven by growth in net interest income and noninterest income.
Asset quality remains robust with no charge-offs or nonaccrual loans, while the bank maintained 'well capitalized' regulatory ratios across all categories.
The company increased its quarterly dividend to $0.35 per share, up from $0.27 a year ago, reflecting confidence in its capital position and profitability.