Salinas,CA – July 31, 2023 – Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the second quarter 2023. Net income for the quarter ended June 30, 2023, was $1.1 million representing a decrease of 25.7% or $397 thousand from the quarter ended June 30, 2022. Excluding income generated from loans in the Paycheck Protection Program(PPP), core net income in the second quarter of 2023 increased by $306 thousand or 36.6% compared to second quarter 2022 core earnings.
