Oak View Bankshares reported another year of record performance in 2021, achieving strong earnings growth while expanding its customer base, deposits, and loan portfolio. Net income increased 22.5% to $2.47 million for the year, while total assets grew to $345.1 million and deposits surpassed $300 million. The company also announced an annual dividend of $0.05 per share, reflecting its continued commitment to shareholder value.

Management highlighted several milestones, including the successful conversion to a new core data processing platform, the completion of its reorganization into a bank holding company, and the addition of key employees to support future growth. Despite incurring one-time expenses associated with these strategic initiatives, Oak View maintained strong profitability, excellent credit quality, and capital ratios that exceeded regulatory well-capitalized standards, positioning the organization for continued growth and service to its Northern Virginia communities. 

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