Oak Valley Bancorp (OVLY) in Oakdale, Calif., has restated its fourth-quarter earnings after discovering that it made an error accounting for a common stock dividend.

The $672 million-asset company said in a press release Tuesday that the error inflated its book value per share by 10 cents, to $8.24. It should have been $8.14 a share. The change also reduced the company's reported common equity and total capital by $793,000.

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