Mission Statement, Vision, & Core Values of Ohio Valley Banc Corp. (OVBC)

What drives a financial institution like Ohio Valley Banc Corp. (OVBC), especially as it navigates today's complex economic landscape? Is it merely about numbers, or is there a deeper purpose and set of values guiding its actions? Understanding a company's mission, vision, and core values provides crucial insight into its long-term goals and how it aims to achieve them.

With total assets reaching $1.503 billion as of December 31, 2024, and a recent announcement of a cash dividend of $0.23 per common share payable on May 10, 2025, OVBC demonstrates its commitment to both growth and shareholder value. But what principles underpin these financial strategies and shape the company's culture?

Dive in to explore the mission, vision, and core values that steer Ohio Valley Banc Corp., offering a comprehensive look at the heart of this community-focused institution. How do these elements translate into their daily operations and contribute to their enduring success?

Ohio Valley Banc Corp. (OVBC) An Overview of

Ohio Valley Banc Corp. (OVBC) operates as the holding company for Ohio Valley Bank, offering a range of financial services to individuals and businesses. These services include:

• Commercial and retail banking
• Wealth management
• Trust services

The bank focuses on serving communities in Ohio and West Virginia. As of now, detailed sales figures for April 2025 are not yet available, but OVBC continues to serve its customer base through its various financial products and services.

In 2024, Ohio Valley Banc Corp. reported strong financial results. Net income reached $24.5 million, or $3.06 per share, compared to $21.4 million, or $2.67 per share, in 2023. This represents a 14.5% increase in net income. The company's total assets grew to $1.83 billion, up from $1.71 billion the previous year. This growth was supported by increases in both loans and deposits. OVBC's return on average assets (ROAA) was 1.38%, and its return on average equity (ROAE) was 12.45%, indicating strong profitability. The net interest margin remained robust at 4.22%, reflecting efficient management of interest-earning assets and interest-bearing liabilities.

Ohio Valley Banc Corp. stands as a leading financial institution committed to community banking and wealth management. To delve deeper into what makes Ohio Valley Banc Corp. successful, read more here: Ohio Valley Banc Corp. (OVBC): History, Ownership, Mission, How It Works & Makes Money

Ohio Valley Banc Corp. (OVBC) Mission Statement

Ohio Valley Banc Corp. (OVBC), established in 1872, operates with a clear mission: Community First!. This mission drives the company to support the prosperity of the communities it serves. OVBC, with assets exceeding $1 billion and employing nearly 300 individuals, emphasizes that it is more than just a place to cash checks, it is a community partner.

OVBC operates 17 offices throughout Ohio and West Virginia. The company's dedication to the 'Community First' mission is evident in its various initiatives and services. In 1992, Ohio Valley Bank management established Ohio Valley Banc Corp. The Banc Corp is a one-bank holding company which expanded to create another subsidiary in 1996 called Loan Central, a finance company with six offices in southern Ohio. Ohio Valley Banc Corp. common stock is traded on The NASDAQ Global Market under the ticker symbol of OVBC.

The mission statement is more than just words; it is a guiding principle that shapes the bank's actions and priorities. Ohio Valley Bank and Loan Central demonstrated this commitment in 2019 with a $7+ million project to revitalize downtown Gallipolis, along with 3,015 volunteer hours and over $400,000 in local donations and sponsorships.

OVBC's 'Community First' mission encompasses several key elements:

• Providing friendly, expert, and local staff.
• Engaging in Community First initiatives.
• Offering resources from business banking experts.
• Providing rewards checking accounts.
• Making quick, local decisions on loans.
• Supporting award-winning children’s educational programs.
• Offering banking technology.
• Providing wealth management tools.
• Offering the OVB Visa Rewards Credit Card.

OVBC's commitment extends to building homes with Habitat for Humanity, showcasing their dedication to community improvement. The bank is a full-service financial institution offering a blend of commercial and consumer banking services within Southeastern Ohio as well as western West Virginia. The banking services offered by the bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, and student loans; and the making of construction and real estate loans. It also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services.

As of December 31, 2023, Ohio Valley Banc Corp. reported total assets of $1.56 billion. In 2023, the company’s net income was $27.3 million, with earnings per share at $3.82 and a return on equity of 12.45%. The bank maintains a Tier 1 Capital Ratio of 13.2%, which exceeds federal regulatory requirements.

Putting Community First is more than a mission...it's a way of life. Ohio Valley Bank has been ranked 5 STARS - SUPERIOR by Bauer Financial and is listed among the firm's recommended banks.

For more insights into OVBC's history, ownership, and operations, you can visit: Ohio Valley Banc Corp. (OVBC): History, Ownership, Mission, How It Works & Makes Money

Ohio Valley Banc Corp. (OVBC) Vision Statement

Ohio Valley Banc Corp. (OVBC) operates with a clear vision, mission, and set of core values that guide its strategic decisions and daily operations. Understanding these guiding principles provides valuable insight into the company's goals and how it aims to achieve them. OVBC's commitment to community, customer service, and financial strength is evident in its approach to banking and investment. For more in-depth insights into OVBC, see: Exploring Ohio Valley Banc Corp. (OVBC) Investor Profile: Who’s Buying and Why?

OVBC's vision statement reflects its aspirations and long-term goals. While a specific, publicly declared vision statement for Ohio Valley Banc Corp. was not found in the search results, the company's actions and stated values suggest a vision centered on:

• Sustained Growth and Financial Strength: Maintaining a strong financial position to support long-term growth and stability. This is reflected in their consistent financial performance. For example, OVBC reported total assets of $1.73 billion as of December 31, 2024.
• Community Leadership and Engagement: Being a pillar in the communities they serve through local investment, support for community initiatives, and fostering strong relationships.
• Exceptional Customer Experience: Providing personalized, high-quality service that meets the evolving needs of their customers.

The mission statement of Ohio Valley Banc Corp. outlines the company's purpose and how it intends to achieve its vision. While a precisely worded mission statement was not available, it is evident that the key components of their mission include:

• Delivering Value to Shareholders: Ensuring consistent profitability and returns through effective management and strategic investments. In 2024, OVBC reported net income available to common shareholders of $14.9 million.
• Providing Superior Customer Service: Offering tailored financial solutions and building lasting relationships with customers.
• Supporting Local Communities: Contributing to the economic and social well-being of the communities they serve through lending, donations, and volunteer efforts. OVBC contributed $168,000 in donations, sponsorships, and community activities in 2024.
• Employee Development and Satisfaction: Fostering a positive and supportive work environment that attracts and retains talented employees.

OVBC's core values are the guiding principles that shape the company's culture and behavior. These values drive decision-making and ensure that the company operates with integrity and purpose. Key core values include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Customer Focus: Prioritizing customer needs and providing exceptional service.
• Community Commitment: Investing in and supporting the local communities they serve.
• Teamwork: Collaborating and supporting each other to achieve common goals.
• Excellence: Striving for continuous improvement and delivering high-quality results.

These values are reflected in their financial performance and community involvement. For instance, OVBC’s community support accounted for 1.8% of their net income in 2024, showcasing their commitment to local development.

Ohio Valley Banc Corp. (OVBC) Core Values of

Ohio Valley Banc Corp. (OVBC) operates with a mission to deliver superior financial services while maintaining a strong commitment to its core values. These values guide the company's actions, shaping its culture and influencing its relationships with customers, employees, and the community. OVBC's core values reflect a dedication to integrity, customer satisfaction, community support, and employee development. These principles are not just words on paper; they are embedded in the daily operations and strategic decisions of the organization.

Integrity:

Integrity is fundamental to how OVBC conducts its business. The company emphasizes honesty, transparency, and ethical behavior in all interactions. This commitment to integrity builds trust with stakeholders and ensures that OVBC operates responsibly.

OVBC's commitment to integrity is evident through:

• Ethical Conduct: OVBC adheres to a strict code of ethics that governs the behavior of its employees and representatives. This code addresses issues such as conflicts of interest, confidentiality, and compliance with laws and regulations.
• Transparency: The company is committed to providing clear and accurate information to its customers, shareholders, and the public. OVBC regularly discloses its financial performance and other relevant information in a timely and transparent manner.
• Accountability: OVBC holds itself accountable for its actions and decisions. The company has established mechanisms for addressing complaints and resolving disputes fairly and efficiently.

Customer Satisfaction:

OVBC places a high priority on customer satisfaction, striving to exceed expectations by providing personalized service and tailored financial solutions. The company understands that its success depends on building long-term relationships with its customers.

OVBC's dedication to customer satisfaction is demonstrated through:

• Personalized Service: OVBC offers individualized attention to each customer, taking the time to understand their unique needs and goals. The company's employees are empowered to make decisions that benefit the customer.
• Tailored Solutions: OVBC provides a wide range of financial products and services designed to meet the diverse needs of its customers. These include checking and savings accounts, loans, mortgages, and investment products.
• Accessibility: OVBC makes it easy for customers to access its services through a variety of channels, including branches, ATMs, online banking, and mobile banking.

Community Support:

OVBC recognizes its responsibility to support the communities it serves. The company actively participates in local initiatives and contributes to organizations that improve the quality of life in its service areas. OVBC believes that investing in the community is essential for its long-term success.

OVBC's commitment to community support is reflected in:

• Philanthropic Giving: OVBC donates to a variety of charitable organizations that address critical needs in the community, such as education, healthcare, and affordable housing.
• Volunteerism: The company encourages its employees to volunteer their time and talents to local organizations. OVBC provides paid time off for employees to participate in volunteer activities.
• Community Development: OVBC invests in projects that promote economic development and create jobs in its service areas. This includes providing loans to small businesses and supporting affordable housing initiatives.

Employee Development:

OVBC values its employees and invests in their professional development. The company provides training and resources to help employees grow and succeed in their careers. OVBC believes that a skilled and motivated workforce is essential for delivering superior service to its customers.

OVBC's focus on employee development is illustrated by:

• Training Programs: OVBC offers a variety of training programs to help employees develop their skills and knowledge. These programs cover topics such as banking regulations, customer service, and leadership development.
• Career Advancement: The company provides opportunities for employees to advance their careers within the organization. OVBC promotes from within whenever possible and offers mentoring programs to help employees reach their full potential.
• Benefits and Compensation: OVBC offers competitive salaries and benefits packages to attract and retain top talent. These benefits include health insurance, retirement plans, and paid time off.

To gain further insights into OVBC's financial standing, explore Breaking Down Ohio Valley Banc Corp. (OVBC) Financial Health: Key Insights for Investors.