SUN VALLEY, Calif., April 30, 2024 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income for the first quarter of 2024 was $1.7 million, or $0.51 per diluted share, compared to net income of $1.7 million, or $0.51 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights Net Income of $1.7 million or $0.51 per share. Net Interest Income was $6.8 million for the first quarter of 2024, an increase of $0.8 million, or 13.63%, compared to the first quarter of 2023. Net Interest Margin was 4.34% for first quarter of 2024 compared to 4.76% for the first quarter of 2023. Non-Interest Income was $2.3 million for the first quarter of 2024, an increase of $0.2 million, or 7.34%, compared to the first quarter of 2023. $12.2 million in Small Business Administration ("SBA") loans were sold resulting in gain on sale of $0.7 million in the first quarter of 2024, compared to ...