ForwardLooking Statement This presentation includes forwardlooking statements about

Forward-Looking Statement • This presentation 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 forwardlooking 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.

Company Overview Company Name: Oak Valley Bancorp, est. 2008 Headquartered in Oakdale, CA Subsidiaries: - Oak Valley Community Bank, est. 1991 - Eastern Sierra Community Bank, Division of OVCB, est. 2000 Ownership: Public; Listed on NASDAQ under the ticker “OVLY” Assets: $749 million Employees: 157 (148 FTE) Number of Locations: 15

Branch Footprint 1. Oakdale 2. Sonora* 3. Modesto – 12 th & I 4. Bridgeport 5. Mammoth Lakes 6. Bishop 7. Modesto-Dale 8. Turlock 9. Stockton 10. Patterson 11. Ripon 12. Escalon 13. Modesto – Mc. Henry 14. Manteca 15. Tracy

Highlights • Solid Growth • Record Earnings • Recognition for Achievements

Solid Growth 800 749 Assets 700 (in millions) 612 552 525 508 455455 600 500 382 400 313 300 200 100 661672 41 56 35 30 23 12 241 193 158 118134 103 85 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 0 le a O a kd t or o t a or des n o So M id Br p ge M am m h ot La k es Rd tt , on s er a ec ry en H c on al Pa e al ck, PO Esc D , lo L I, on kt op Tur on, th & c h p o s Ri St Bi 12 , M t an -M to M es od ac Tr y

Record Earnings Net Income to Common Shareholders 8, 000 7, 122 (in thousands) 5, 818 6, 000 5, 329 4, 700 5, 000 3, 935 4, 000 3, 831 3, 960 3, 786 3, 251 3, 000 2, 318 2, 000 1, 372 1, 194 1, 000 - 250439 (373) (255) 574 601 1, 5381, 659 1, 797 2, 098 1, 158 734 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 (1, 000)

Recognition • KBW - 2014 Bank Honor Roll – 25 banks – Based on a 10 -year record: • No annual loss in EPS • 2014 EPS better than any of the last 10 years • Consecutive increase in EPS since 2009 – Out of 400 US banks with assets over $500 MM

Strategic Direction • • Relationship Banking Continuous Improvement Strong Risk Management Strategic Opportunity Service Process Improvement Community Results

Historic Stock Price Summary 18. 00 16. 00 14. 00 12. 00 10. 00 8. 00 6. 00 4. 00 2. 00 Stock Price Book Value Book Multiple Peer Multiple 2000 3. 55 2. 52 1. 41 1. 36 2001 3. 32 2. 63 1. 26 1. 56 2002 4. 15 2. 92 1. 42 1. 84 2003 7. 00 3. 18 2. 20 2. 23 2004 14. 89 4. 10 3. 63 2. 50 2005 15. 67 4. 44 3. 53 2. 66 2006 13. 03 4. 84 2. 69 2. 80 2007 8. 25 5. 57 1. 48 2. 06 2008 6. 00 5. 83 1. 01 2009 4. 41 6. 13 0. 72 0. 70 2010 5. 90 6. 64 0. 89 2011 6. 75 7. 37 0. 92 0. 79 2012 7. 45 7. 99 0. 93 0. 99 2013 8. 37 8. 14 1. 03 1. 15 2014 10. 16 9. 29 1. 09 1. 13