Writer and director of Apple TV+'s Servant, M. Night Shyamalan, talks about collaborating with his daughter, Ishana Night Shyamalan, who directed two episodes of the hit series.
Writer and director of Apple TV+'s Servant, M. Night Shyamalan, talks about collaborating with his daughter, Ishana Night Shyamalan, who directed two episodes of the hit series.
Panchkula (Haryana) [India], January 22 (ANI): Sixty Indo-Tibetan Border Police (ITBP) personnel received COVID-19 vaccine shot at Basic Training Centre in Panchkula, Haryana on Thursday, the force said in a statement.
President Joe Biden's first executive actions after his inauguration on Thursday to move quickly to tackle climate change have raised questions over the ability of administrations to transform the U.S. energy system. The historical record, however, shows administrations leave little imprint at macro-level on the energy system, implying both the hopes and expectations of supporters, and the anxieties of opponents, are probably exaggerated. Elections matter for the choice of energy sources and their employment, but changes in prices and technology matter more.
VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports venues. The “B+” funding round comes only three months after the company raised around $100 million in a Series B funding round, led by Tencent Holdings.
The Asian Lubricant Manufacturers Union (ALMU), today announced that ALMU will now be known as the Asian Lubricants Industry Association or "ALIA".
Manitoba is loosening lockdown measures as its COVID-19 case counts continue to level off, but while other provinces see early signs of a similar slowdown, experts warn that some of the worst impacts of the recent surge may be yet to come. The Manitoba government announced Thursday that it's easing some of its restrictions in most regions as the province sees an overall decline in daily diagnoses after leading the country in new infections per capita last fall. Starting Saturday, Manitoba will allow non-essential retail stores to reopen at 25 per cent capacity after months of being limited to delivery or curbside pickup. Barber shops, hair salons, reflexologists and some other personal care services will be able to resume operations. A ban on social visits will also be relaxed, with the province allowing each household to designate two guests to welcome into their home. Up to five people will be able to gather outdoors. The changes will last three weeks, at which time more openings could be considered, Manitoba's chief public health officer said Thursday. The northern part of the province will remain under the strict protocols imposed in November as outbreaks in isolated communities have kept case counts high. Winnipeg epidemiologist Cynthia Carr said this "cautious" approach is warranted given Manitoba's hard-fought gains since Thanksgiving, when the province began to see an exponential surge in infections. But as two of Canada's hardest-hit provinces — Quebec and Ontario — see infections tick down from their post-Christmas peaks, Carr said Canadians shouldn't confuse a drop-off with an excuse to drop their guards. "We have to continue to be part of the solution, and take a very slow approach," said Carr. "Otherwise you're just going to sabotage all the progress we've made." Ontario marked a fourth consecutive day of fewer than 3,000 daily cases Thursday, reporting 2,632 new infections. Quebec reported 1,624 new cases, a slight uptick from Wednesday, but maintained a five-day streak of fewer than 2,000 diagnoses. However, a lag between diagnoses and the onset of severe symptoms may be concealing the lethal consequences of the recent surge, Carr said. Canada's chief public health officer, Dr. Theresa Tam, also expects cases of severe illness will continue to rise as people's conditions worsen in coming days, leading to more hospitalizations and deaths. "Strong and sustained efforts are needed to reduce heavy demands on the health-care system," Tam wrote in her daily update Thursday. "Without this, the ability to continue with the present level of elective procedures will become increasingly difficult in heavily impacted areas." Alberta began to slowly loosen restrictions earlier this week as overall numbers have trended down. Still, the province recorded 16 more deaths Thursday, pushing the overall toll past 1,500. Chief medical officer of health Dr. Deena Hinshaw warned that hospitalizations across the province are still as high as they were on Dec. 8, when stricter restrictions were brought in. Tam said the virus has spread to new areas in the country, some of which may not have the health-care resources to cope with a complex medical emergency. On Thursday, New Brunswick's chief medical officer of health said the province is at a "tipping point" as officials reported 32 new cases Thursday. The Atlantic province is reporting a total of 324 active cases after months of relatively few infections. Premier Blaine Higgs said officials are seeing signs of improvement, but the future direction will depend on whether people follow the rules in place. British Columbia's top doctor and health minister warned in a statement that community clusters and outbreaks are behind a high number of cases in the province, despite the infection curve trending downward. There were 564 new cases in B.C. on Thursday and 15 more deaths. The province is expected to release an update on its vaccination rollout Friday as the possibility looms that thousands of doses of the Pfizer-BioNTech vaccine won't be delivered this month. Carr warned that Canada remains on track for a serious resurgence in cases, and with the threat of new, more transmissible variants of the virus swirling, things could get worse before they get better. "We're (not) out of the woods at all yet," said Carr. "We have to stay very careful in every province." Tam said Canada has averaged 6,309 new diagnoses a day over the past week, and 148 deaths from the illness each day. This report by The Canadian Press was first published Jan. 21, 2021. Adina Bresge, The Canadian Press
Follow the latest updates on the brand new administration
UK retailers may abandon goods EU customers want to return because it is cheaper than bringing them home.
WASHINGTON — Dr. Anthony Fauci is back. In truth, the nation’s leading infectious-diseases expert never really went away. But after enduring nearly a year of darts and undermining comments from former President Donald Trump, Fauci now speaks with the authority of the White House again. He called it “liberating” Thursday to be backed by a science-friendly administration that has embraced his recommendations to battle COVID-19. “One of the new things in this administration is, If you don’t know the answer, don’t guess,” Fauci said in one pointed observation during a White House briefing. “Just say you don’t know the answer.” Fauci’s highly visible schedule on Thursday, the first full day of President Joe Biden’s term, underscored the new administration's confidence in the doctor but also the urgency of the moment. His day began with a 4 a.m. virtual meeting with officials of the World Health Organization, which is based in Switzerland, and stretched past a 4 p.m. appearance at the lectern in the White House briefing room. The breakneck pace showcased the urgent need to combat a pandemic that has killed more than 400,000 Americans and reached its deadliest phase just as the new president comes to office. Fauci made clear that he believed the new administration would not trade in the mixed messages that so often came from the Trump White House, where scientific fact was often obscured by the president’s political agenda. “The idea that you can get up here and talk about what you know and what the science is ... it is something of a liberating feeling,” Fauci told reporters. White House press secretary Jen Psaki had invited Psaki to take the podium first at her daily briefing. While choosing his words carefully, Fauci acknowledged that it had been difficult at times to work for Trump, who repeatedly played down the severity of the pandemic, refused to consistently promote mask-wearing and often touted unproven scientific remedies, including a malaria drug and even injecting disinfectant. “It was very clear that there were things that were said, be it regarding things like hydroxychloroquine and other things, that really was uncomfortable because they were not based in scientific fact,” Fauci said. He added that he took “no pleasure” in having to contradict the president, a move that often drew Trump’s wrath. Biden, during his presidential campaign, pledged to making Fauci his chief medical adviser when he took office, and the 80-year-old scientist was immediately in motion. Fauci was up well before dawn Thursday for the virtual meeting with WHO, which Biden had rejoined the previous day after Trump withdrew the U.S. from the group out of anger over how it dealt with China in the early days of the pandemic. Fauci told the group that the United States would join its effort to deliver coronavirus vaccines to poor countries. In the afternoon, the doctor stood alongside Biden and Vice-President Kamala Harris in the White House as they unveiled a series of executive orders aimed at slowing the spread of the virus, which is killing more than 4,000 Americans a day, as well as bolstering the nation’s sluggish vaccine distribution program. Fauci had chatted amiably with reporters while awaiting the tardy new president. He acknowledged it was a long day and said that while he’d prefer to go for a run, he planned to powerwalk a few miles Thursday evening. It was all a stark contrast after being kept on a tight leash by the Trump administration. Their West Wing press shop had tightly controlled Fauci’s media appearances — and blocked most of them. The doctor went from being a constant presence in the briefing room during the first weeks of the pandemic to largely being banished as Trump grew jealous of the doctor's positive press and resentful of Fauci's willingness to contradict him. Moreover, Trump frequently undermined Fauci’s credibility, falsely insisting that the pandemic was nearly over. The president regularly referenced Fauci's early skepticism about the effectiveness of masks for ordinary Americans, a position that Fauci quickly abandoned in the face of more evidence. The president's attacks on Fauci — and his dismissiveness of the science — handicapped medical professionals trying to get Americans to take the virus seriously. “There was clear political influence on the message of the pandemic. It became political to say that the pandemic was devastating our community because it was interpreted as a judgement on Trump,” said Dr. Nahid Bhadelia, an infectious-diseases physician and a professor at the Boston University School of Medicine. “It actively created enemies of the public health folks in a segment of the population.” Having Fauci return to a central role, Bhadelia said, is a sign “that science was being repressed and now back.” As his handling of the pandemic became the defining issue in the 2020 campaign, Trump insisted on portraying the virus as a thing of the past. He also mercilessly attacked Fauci, retweeting messages that called for the doctor’s dismissal and reveled in “Fire Fauci!” chants at some of his rallies. Trump sidelined Fauci but dared not dismiss him, after aides convinced him of the move’s political danger. But Fauci, who has now served under seven presidents, persevered, telling friends that he would keep his head down and aim to outlast Trump and the obfuscations of his administration. “Clarity of message is the most important thing the government can be doing right now; the single biggest disservice Trump did was constantly telling people that pandemic was about to be over,” said Dr. Ashish Jha, dean of the Brown University School of Public Health, who has known Fauci for more than 20 years. In his return to the briefing room, Fauci joked with reporters, seemingly far more relaxed than at any point last year. And as he stepped off the stage, Psaki said she'd soon have him back. ___ Follow Lemire on Twitter at http://twitter.com/@JonLemire Jonathan Lemire, The Associated Press
Dr. Anthony Fauci is back. “One of the new things in this administration is, If you don’t know the answer, don’t guess,” Fauci said in one pointed observation during a White House briefing. Fauci’s highly visible schedule on Thursday, the first full day of President Joe Biden’s term, underscored the new administration's confidence in the doctor but also the urgency of the moment.
The Hollywood star explains why a role in the hit French comedy series was too good to refuse.
OTTAWA — Prime Minister Justin Trudeau spoke to Pfizer CEO Albert Bourla by phone Thursday, the same day the company informed Canada delays to its shipments of COVID-19 vaccines are going to be even worse than previously thought. Maj.-Gen. Dany Fortin, the military commander now overseeing the vaccine logistics for the Public Health Agency of Canada, said last week a factory expansion at Pfizer's Belgium plant was going to slow production, cutting Canada's deliveries over four weeks in half. In exchange, Pfizer expects to be able to ship hundreds of millions more doses worldwide over the rest of 2021. Tuesday, Fortin said Canada would receive 80 per cent of the previously expected doses this week, nothing at all next week, and about half the promised deliveries in the first two weeks of February. Thursday, he said the doses delivered in the first week of February will only be 79,000, one one-fifth of what was once expected. Fortin doesn't know yet what will come the week after, but overall, Canada's doses over three weeks are going to be just one-third of what had been planned. Trudeau has been under pressure to call Bourla, as the delayed doses force provinces to cancel vaccination appointments and reconsider timing for second doses. Fortin said some provinces may be hit even harder than others because of limits on the way the Pfizer doses can be split up for shipping. The vaccine is delicate and must be kept ultra frozen until shortly before injecting it. The company packs and ships specialized coolers, with GPS thermal trackers, directly to provincial vaccine sites. Ontario Premier Doug Ford said earlier this week he doesn't blame the federal government for the dose delays but wanted Trudeau to do more to push back about it. "If I was in (Trudeau's) shoes ... I'd be on that phone call every single day. I'd be up that guy's yin-yang so far with a firecracker he wouldn't know what hit him," he said of Pfizer's executives. Trudeau informed Ford and other premiers of the call with Bourla during a regular teleconference to discuss the COVID-19 pandemic. Until Thursday, all calls between the federal cabinet and Pfizer had been handled by Procurement Minister Anita Anand. Ford also spoke to Pfizer Canada CEO Cole Pinnow Wednesday. Trudeau didn't suggest the call with Bourla made any difference to the delays, and noted Canada is not the only country affected. Europe, which on the weekend thought its delayed doses would only be for one week after European Commission President Ursula von der Leyen spoke to Bourla, now seems poised to be affected longer. Italy is so angry it is threatening to sue the U.S.-based drugmaker for the delays. Mexico said this week it is only getting half its expected shipment this week and nothing at all for the next three weeks. Saudi Arabia and Bahrain also reported delays getting doses. Pfizer Canada spokeswoman Christina Antoniou said more countries were affected but wouldn't say which ones. Fortin said Pfizer has promised to deliver four million doses to Canada by the end of March and that is not going to change with the delay. With the current known delivery schedule, the company will have to ship more than 3.1 million doses over 7 1/2 weeks to meet that commitment. Deliveries from Moderna, the other company that has a COVID-19 vaccine approved for use in Canada, are not affected. Canada has received about 176,000 doses from Moderna to date, with deliveries arriving every three weeks. Moderna has promised two million doses by the end of March. Both vaccines require first doses and then boosters several weeks later for full effectiveness. Together Pfizer and Moderna intend to ship 20 million doses to Canada in the spring, and 46 million between July and September. With no other vaccines approved, that means Canada will get enough doses to vaccinate the entire population with two doses by the end of September. This report by The Canadian Press was first published Jan. 21, 2021. Mia Rabson, The Canadian Press
New Delhi [India], January 22 (ANI): While BJP and ruling party Trinamool Congres (TMC) are taking on each other ahead of West Bengal Assembly polls, Congress has launched a sharp attack on both the parties saying, they are leveling allegations against each other and hence diverting the attention of people from the core issues of the state.
A COVID vaccine being developed by New Jersey-based Johnson & Johnson could dramatically speed up the fight against the pandemic. Latest COVID news.
Members of the Honduran Congress voted on Thursday to amend the constitution making it much harder to reverse existing hard-line bans on abortion and same-sex marriage, as lawmakers double down on socially conservative priorities. Lawmakers voted to require a three-quarters super-majority to change a constitutional article that gives a fetus the same legal status of a person, and another that states that civil marriage in the Central American nation can only be between a man and a woman. With 88 legislators in favor, 28 opposed and seven abstentions, the proposal will still need a second vote in the unicameral legislature next year before it is enacted.
Alice Hoagland, a beloved figure of the gay rugby movement that her own son, Mark Bingham, helped set in motion shortly before he perished in the 2001 terrorist attacks as one of the heroes of Flight 93, has died. She was 71. Hoagland, a former flight attendant who became a safety activist while carrying on her son’s athletic legacy, died Dec. 22 in her sleep at her home in Los Gatos, California, after battling Addison's disease, according to longtime family friend Amanda Mark. International Gay Rugby — an organization that traces its roots to one team in London in 1995 and now consists of about 90 clubs in more than 20 countries on five continents — held Hoagland in such esteem that one of the prizes at its biennial Mark Kendall Bingham Memorial Tournament, or the Bingham Cup, is called the Hoagland Cup. Scott Glaessgen, of Norwalk, Connecticut, a friend of Bingham’s who helped organize New York’s Gotham Knights rugby club, described meeting Hoagland at the first Bingham Cup in 2002 in San Francisco. “Nine months after Mark was killed, and there she is with a never-ending smile on her face, just charming and engaging and happy and proud,” Glaessgen said. “And that resilience and that strength that she just exuded was really inspirational.” Amanda Mark, of Sydney, Australia, praised Hoagland for always fighting for people — and continuing to do so after losing her son by standing up for aviation safety and LGBT rights. “Through the Bingham Cup,” Mark said, “she became the inspiration and the acceptance that a lot of LGBT folks needed when they may have been challenged with their families or friends to be true to themselves.” Bingham, 31 when he died, had played on a champion rugby team at the University of California, Berkeley. He helped organize the gay San Francisco Fog team in 2000 and quickly became its main forward. He was on United Flight 93 on Sept. 11, 2001, when hijackers commandeered it. He called his mother and told her he loved her. “I only got 3 minutes with him and when I tried to call back, I couldn’t get through,” Hoagland told the Iowa City Press-Citizen in 2019. “As a flight attendant for 20 years, I wanted to tell him to sit down and don’t draw attention to yourself.” But the 6-foot-5, 220-pound Bingham fought back, posthumously winning praise as an openly gay patriot who joined other passengers in foiling the hijackers and causing the plane to crash in rural Pennsylvania instead of its intended target, believed to be the U.S. Capitol. “He grew from a shy, chubby kid into a tall rugby competitor with the ability to amass his energy to face a real enemy in the cockpit of an airplane," Hoagland told the Press-Citizen. Bingham and Hoagland's stories went on to be chronicled in film and screen, including the TV movie “Flight 93," HBO’s "Real Sports with Bryant Gumbel” and the documentary “The Rugby Player.” Hoagland became an advocate for airline security and for allowing relatives of 9-11 victims to sue Saudi Arabia over claims it played a role in the attacks. “We’re less interested in any kind of financial gain than we are in bringing the truly guilty into court and making our case known,” Hoagland told The Associated Press in 2016. The first Bingham Cup consisted of eight teams and was hosted by its namesake's home team. Today, it is billed as the world’s largest amateur rugby event, and cities bid to host it. It was last held in Amsterdam in 2018 with 74 teams competing. Hoagland was a celebrity at every tournament she attended. Players flocked to meet her and have a photo taken. She always obliged. Jeff Wilson, of International Gay Rugby, recalled in a post on the organization's Facebook page a conversation with Hoagland at the 2012 Bingham Cup in Manchester, England. His mother had recently died. “I asked how she kept on during grief — she said it was a purpose, and a calling and that I would keep going because it drove me,” he wrote. “Her compassion, heart and focus on others touched me in ways that I cannot express.” No memorial service is yet planned. ___ This story has been corrected to say Alice Hoagland died at her home in Los Gatos, California. Jeff McMillan, The Associated Press
The actress and mental health podcaster recently clarified that she'd be willing to get the COVID-19 vaccine.
OAKDALE, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division (the “Bank”), recently reported unaudited consolidated financial results. For the three months ended December 31, 2020, consolidated net income was $4,649,000 or $0.57 per diluted share (EPS), as compared to $3,748,000, or $0.46 EPS, for the prior quarter and $3,191,000, or $0.39 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2020, totaled $13,687,000, or $1.68 EPS, representing an increase of 9.6% compared to $12,489,000 or $1.54 EPS for 2019. The fourth quarter net income increase was primarily due to the $244 million in Paycheck Protection Program (PPP) loans funded during the second and third quarters that resulted in loan interest and fee income of $2,150,000 during the fourth quarter, compared to $1,478,000 during the third quarter of 2020. Year-to-date PPP loan interest and fee income totaled $4,720,000. The year-to-date results were also bolstered by deferred loan cost GAAP accounting adjustments of $1,253,000 against salary expense during the second and third quarters, corresponding to the PPP loans funded. Additionally, the Company recorded a loan loss provision reversal of $338,000 during the fourth quarter, as compared to provisions of $193,000 and $210,000 during the third quarter of 2020 and fourth quarter of 2019, respectively. The fourth quarter reversal was attributable to non-accrual loans decreasing to a zero balance for the first time since the recession over a decade ago, as the one remaining non-accrual loan was placed back on accrual status during the quarter. The Company has benefited from loan growth, excluding PPP loans, of $51.3 million, and investment portfolio growth of $19.6 million, during the year ended December 31, 2020. This growth in earning assets contributed to net interest income expansion and helped to offset the yield reduction resulting from the FOMC rate cuts during March of 2020. “Unprecedented growth resulting from the bank’s fervent participation in PPP, in support of local businesses, combined with organic growth to help us attain record level earnings. We are extremely proud of the way our team has stepped up to meet the challenges the pandemic has presented,” stated Chris Courtney, President and CEO of the Company and the Bank. “Oak Valley was founded on the notion of serving the needs of the small business community. In 2020, that commitment was called to action and on display. As we emerge from these trying times, we are confident the relationships we have forged will be strengthened like never before.” Net interest income was $12,128,000 and $44,957,000 for the fourth quarter and year ended December 31, 2020, respectively, compared to $11,455,000 during the prior quarter, $10,350,000 for the fourth quarter of 2019 and $41,034,000 for the year ended December 31, 2019. The increase is attributable to interest and fees on PPP loans and organic growth as mentioned above. Net interest margin was 3.49% and 3.59% for the fourth quarter and year ended December 31, 2020, respectively, as compared to 3.98% and 4.13% for the same periods of 2019. The interest margin compression was attributable to the FOMC rate cuts in March 2020, which adversely impacted earning asset yields and the infusion of short-term PPP loans which yield 1%. Non-interest income for the fourth quarter and year ended December 31, 2020, totaled $1,280,000 and $4,815,000, respectively, compared to $1,228,000 during the prior quarter, $1,254,000 for the fourth quarter of 2019, and $5,047,000 for the year ended December 31, 2019. The fourth quarter increase compared to prior quarters was due mainly due to a $37,000 gain on the sale of an OREO property and increased single-family mortgage commission income. The year-over-year decrease was mainly due to a reduction in NSF fee income during 2020 as higher deposit account balances corresponding to PPP and stimulus payments, coupled with pandemic related changes in spending patterns resulted in relatively low overdraft activity. Non-interest expense for the fourth quarter and year ended December 31, 2020, totaled $8,040,000 and $29,864,000, respectively, compared to $7,501,000 during the prior quarter, $7,146,000 for the fourth quarter of 2019 and $28,847,000 for the year ended December 31, 2019. The fourth quarter and year-to-date increases compared to 2019 correspond to staffing expense and general operating costs related to servicing the growing loan and deposit portfolios. The fourth quarter, compared to the prior two quarters in 2020, is also impacted by the decrease in deferred loan cost GAAP accounting adjustments associated with PPP loans as discussed above. Total assets were $1.51 billion at December 31, 2020, an increase of $61.9 million over September 30, 2020, and $363.2 million over December 31, 2019. Gross loans were $1.01 billion as of December 31, 2020, a decrease of $13.7 million from September 30, 2020, and an increase of $262.1 million over December 31, 2019. The fourth quarter decrease in gross loans was the result of PPP loan forgiveness principal payments from the SBA totaling $33.4 million. The Company’s total deposits were $1.37 billion as of December 31, 2020, an increase of $56.6 million over September 30, 2020, and $347.9 million over December 31, 2019. The December 31, 2020 balance sheet totals were bolstered by the $244 million in PPP loans funded during the second and third quarters, which consequently increased total deposits, as the PPP funded amounts were credited directly to the borrowers’ deposit accounts. Non-performing assets were reduced to zero as of December 31, 2020, compared to $894,000, or 0.06% of total assets, as of September 30, 2020, and $1,103,000, or 0.10% at December 31, 2019. The decrease in non-performing assets compared to the prior periods is the result of payments on non-accrual loans and the subsequent credit enhancement of said loans back to accrual status. The allowance for loan losses as a percentage of gross loans decreased to 1.12% at December 31, 2020, compared to 1.13% at September 30, 2020, and 1.22% at December 31, 2019, due to the outstanding PPP loans that do not require a loan loss reserve as they are guaranteed by the federal government through the SBA program. The Company recorded a provision for loan loss reversal of $338,000 during the fourth quarter corresponding to the reduction in non-accrual loans; and an aggregate provision for loan losses of $2,165,000 for the year ended December 31, 2020, which is commensurate with growth of the loan portfolio, as loan loss reserves relative to gross loans remain at acceptable levels and credit quality remains stable. The provision for loan losses of $1,860,000 during the second quarter of 2020 included qualitative risk-based discretionary adjustments in connection with the COVID-19 pandemic and corresponding economic stress. The Board of Directors of Oak Valley Bancorp at their January 19, 2021, meeting declared the payment of a cash dividend of $0.145 per share of common stock to its shareholders of record at the close of business on February 1, 2021. The payment date will be February 12, 2021 and will amount to approximately $1,192,000. This is the first dividend payment made by the Company in 2021. Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 17 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com. This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors, and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement. Oak Valley BancorpFinancial Highlights (unaudited) ($ in thousands, except per share)4th Quarter3rd Quarter2nd Quarter1st Quarter4th QuarterSelected Quarterly Operating Data: 2020 2020 2020 2020 2019 Net interest income$12,128 $11,455 $11,146 $10,228 $10,350 (Reversal of) provision for loan losses (338) 193 1,860 450 210 Non-interest income 1,280 1,228 1,023 1,284 1,254 Non-interest expense 8,040 7,501 6,874 7,449 7,146 Net income before income taxes 5,706 4,989 3,435 3,613 4,248 Provision for income taxes 1,057 1,241 854 904 1,057 Net income$4,649 $3,748 $2,581 $2,709 $3,191 Earnings per common share - basic$0.57 $0.46 $0.32 $0.33 $0.39 Earnings per common share - diluted$0.57 $0.46 $0.32 $0.33 $0.39 Dividends paid per common share$- $0.140 $- $0.140 $- Return on average common equity 14.58% 12.19% 8.80% 9.52% 11.38% Return on average assets 1.23% 1.04% 0.75% 0.95% 1.12% Net interest margin (1) 3.49% 3.44% 3.55% 3.93% 3.98% Efficiency ratio (2) 58.28% 57.41% 54.19% 63.26% 59.74% Capital - Period End Book value per common share$15.78 $15.09 $14.60 $13.92 $13.71 Credit Quality - Period End Nonperforming assets/ total assets 0.00% 0.06% 0.06% 0.08% 0.10% Loan loss reserve/ gross loans 1.12% 1.13% 1.14% 1.26% 1.22% Period End Balance Sheet ($ in thousands) Total assets$1,511,478 $1,449,051 $1,464,880 $1,156,635 $1,147,785 Gross loans 1,013,115 1,026,850 1,003,172 760,109 750,985 Nonperforming assets - 894 927 959 1,103 Allowance for loan losses 11,297 11,635 11,443 9,586 9,146 Deposits 1,367,809 1,311,188 1,299,864 1,026,925 1,019,929 Common equity 129,694 123,982 119,907 114,387 112,570 Non-Financial Data Full-time equivalent staff 183 188 182 184 182 Number of banking offices 17 17 17 17 17 Common Shares outstanding Period end 8,218,873 8,218,873 8,215,407 8,216,714 8,210,147 Period average - basic 8,129,045 8,126,058 8,123,806 8,114,543 8,108,360 Period average - diluted 8,155,890 8,133,929 8,129,531 8,134,621 8,126,507 Market Ratios Stock Price$16.62 $11.46 $12.68 $15.74 $19.46 Price/Earnings 7.32 6.26 9.95 11.75 12.46 Price/Book 1.05 0.76 0.87 1.13 1.42 YEAR ENDED DECEMBER 31, ($ in thousands, except per share) 2020 2019 Net interest income$44,957 $41,034 Provision for loan losses 2,165 545 Non-interest income 4,815 5,047 Non-interest expense 29,864 28,847 Net income before income taxes 17,743 16,689 Provision for income taxes 4,056 4,200 Net income$13,687 $12,489 Earnings per common share - basic$1.68 $1.54 Earnings per common share - diluted$1.68 $1.54 Dividends paid per common share$0.28 $0.27 Return on average common equity 11.40% 11.78% Return on average assets 1.00% 1.15% Net interest margin (1) 3.59% 4.13% Efficiency ratio (2) 58.20% 60.95% Capital - Period End Book value per common share$15.78 $13.71 Credit Quality - Period End Nonperforming assets/ total assets 0.00% 0.10% Loan loss reserve/ gross loans 1.12% 1.22% Period End Balance Sheet ($ in thousands) Total assets$1,511,478 $1,147,785 Gross loans 1,013,115 750,985 Nonperforming assets - 1,103 Allowance for loan losses 11,297 9,146 Deposits 1,367,809 1,019,929 Common equity 129,694 112,570 Non-Financial Data Full-time equivalent staff 183 182 Number of banking offices 17 17 Common Shares outstanding Period end 8,218,873 8,210,147 Period average - basic 8,123,386 8,102,442 Period average - diluted 8,138,528 8,116,627 Market Ratios Stock Price$16.62 $19.46 Price/Earnings 9.86 12.62 Price/Book 1.05 1.42 (1) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%. (2) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%. A marginal federal/state combined tax rate of 29.56%, was used for applicable revenue. Contact: Chris Courtney/Rick McCartyPhone: (209) 848-2265 www.ovcb.com
As we told you earlier, MGM was moving 007 film No Time to Die to the fall and away from Easter weekend. Right now it’s going on Oct. 8. MGM just made news official. The studio’s animated Addams Family will now release the weekend prior on Oct. 1, instead of Oct. 8
Foster parent said she wanted to use $25,000 winnings ‘for our adoption’
First lady Jill Biden, a longtime teacher who intends to keep her paid job, hailed educators in her first White House FLOTUS event.